* No clear trend in sight on Wall Street
* The CAC 40 loses 0.3%, affected by Renault
* Chinese economy slowed in Q3
* The vote on Brexit worries
by Laetitia Volga
PARIS, October 18 (Reuters) - Wall Street is expected without much change
Friday and the European stock markets are moving in a scattered
Chinese economic slowdown, doubts about Brexit and
Business warnings urge caution.
New York index futures signal Wall Street overture
close to balance.
In Paris, the CAC 40 lost 0.3% to 5,655.89 around 11:30 GMT, penalized by
the downfall of Renault, which revised down its annual targets.
In Frankfurt, the Dax advance of 0.15% and in London, the FTSE
takes 0.15%.
The pan-European FTSEurofirst 300 index, the EuroStoxx 50 in the
euro and the Stoxx 600 are stable.
The general climate is weighed down by the slowdown in growth
China's economy in the third quarter, fell to a more than low of nearly
30 years, in a context of commercial conflict with the United States that weighs
more and more about the world's second largest economy.
"Although industrial production and retail sales have increased in
China, investors were very disappointed by the GDP of 6.0% (...) That said,
investors are likely to choose to limit their exposure to
European shares before a busy weekend, "said Pierre Veyret at
ActivTrades.
Concerns about Brexit are still relevant the day after
the agreement between London and Brussels. It must now be ratified by the
House of Commons at a special meeting on Saturday.
"This agreement still stands a good chance of being retabled by Parliament
British. We can quite envision a parliamentary rebellion that
force the government to ask the European Union for a new deadline
(...) The saga of Brexit is far from over ", commented Saxo Bank.
VALUES TO FOLLOW AT WALL STREET
Among the companies that published their quarterly results, Coca-Cola
gains 1.7% in avant-Bourse, supported by a better turnover
provided that.
VALUES IN EUROPE
In Europe, several large companies have issued warnings on
their results to start with Renault, very heavily sanctioned:
-12.12%. The French manufacturer announced that its sales were going to
contract over the whole year and that its margin would be lower than expected
in the automotive industry due to difficulties in some markets in a context
general unfavorable for the sector.
In its wake, PSA drops 1.37%. The Stoxx index of
the car lost 1.27%, the biggest sectoral decline in Europe.
The French food giant Danone loses 7.66% after
quarterly results below expectations and a revision of
revenue growth for 2019.
Thales suffers too (-5,11%) after lowering Thursday his
organic growth target 2019 and Fnac Darty fall
11.49% after the publication of lower quarterly results
the expectations of analysts.
EXCHANGE
Quiet flat for all major currencies on the foreign exchange market.
Euro stabilizes at $ 1.114 and sterling unchanged
against the dollar, not far from the five-month high hit on Thursday, at 1.2988, after
the new Brexit agreement.
Analysts at BNP Paribas expect the pound to climb to 1.33
dollar if the deal is approved Saturday in the British Parliament. In case of
rejection, she could lose the gains of the last days. The pound gained 1.85%
since the beginning of the week and on the month, it has taken about 5%.
The dollar index is stable against a basket of reference currencies.
RATE
Trade is also easing on the bond market where the return
10-year Treasuries move around 1.767% after a spike the
ensures 1.799%. The 10-year Bund varies little, around -0.374%,
after a high Thursday at -0.333%.
OIL
In the oil market, North Sea Brent rises above
$ 60 per barrel and US light crude (WTI) above
$ 54.50.
NO MAJOR ECONOMIC INDICATOR ON THE AGENDA
MARKET SITUATION
(Some data may show a slight shift)
WALL STREET
Indices Last Var. Var. %
points
Dow Jones 26992.00 -1.00 -0.00%
S & P-500 3000.25 + 2.25 + 0.08%
Nasdaq-100 7953.00 + 0.25 + 0.00%
"The Day Ahead" - Update on the next Wall Street session
The session
previous :
Indices Closing Var. Var. % YTD
points
Dow Jones 27025.88 +23.90 + 0.09% + 15.85%
S & P-500 2997.95 +25.25 + 0.85% + 19.59%
Nasdaq 8156.85 +37.52 + 0.46% + 22.93%
Nasdaq 100 7942.14 +38.59 + 0.49% + 25.47%
EUROPEAN MARKETS
Indices Last Var. Var. % YTD
points
Eurofirst 300 1540.91 + 0.17 + 0.01% + 15.74%
Eurostoxx 50 3589.85 + 1.23 + 0.03% + 19.61%
CAC 40 5655.44 -17.63 -0.31% + 19.55%
Dax 30 12673.73 +18.78 + 0.15% + 20.03%
FTSE 7193.38 + 11.06 + 0.15% + 6.91%
SMI 10007.31 -1.63 -0.02% + 18.72%
Values to follow in Paris and Europe:
EXCHANGE
Course Veille Var.% YTD
Euro / Dlr 1,1143 1,1122 + 0.19% -2.83%
Dlr / Yen 108.59 108.65 -0.06% -1.52%
Euro / Yen 121.02 120.86 + 0.13% -4.12%
Dlr / CHF 0.9863 0.9879 -0.16% + 0.50%
Euro / CHF 1.0994 1.0987 + 0.06% -2.31%
Stg / Dlr 1.2880 1.2888 -0.06% + 0.96%
Index $ 97.5100 97.6070 -0.10% + 1.39%
RATE
Last Var. Spread / Bund
(Pts)
Future Bund 171.3700 -0.3500
Bund 10 years -0.3740 +0.0290
Bund 2 years -0.6480 +0.0070
OAT 10 years -0.0780 +0.0330 +29.60
Treasury 10 years old 1.7676 +0.0130
Treasury 2 years 1,6064 +0,0060
OIL
(in dollars) Price Previous Var Var. % YTD
Gross US $ 54.50 53.93 +0.57 + 1.06% + 18.97%
Brent 60.11 59.91 +0.20 + 0.33% + 11.01%
(Edited by Jean-Stephane Brosse)
Source link
https://fr.reuters.com/article/frEuroRpt/idFRL5N27328G
Dmca
