CAC 40: a downturn looms behind New York and Asia

published the 20/10/2020

(CercleFinance.com) – The Paris Bourse is expected to decline Tuesday at the opening, in the crowd of Wall Street and Asian markets, which turned down after a rather favorable start to the session. Around 8.15 a.m., the future contract – November delivery – on the CAC 40 index drops 30 points 4908.5 points, announcing a slight decline in the first exchange rates.

The Parisian market had experienced a chaotic session yesterday, marked by the largest blackout in years, with transactions having to be interrupted for nearly three hours during the morning. The CAC 40 – which gained up to 1% in first exchange rates – lost 1% for a while before ending the strange day down 0.1%, 4,929 points. The New York Stock Exchange Wall Street also yesterday by dramatically accelerating its losses in the current afternoon, when hopes of adopting a new stimulus package faded.

Nancy Pelosi, the Democratic President of the House of Representatives, had left her troops 48 hours to reach an agreement with the Republican group (otherwise, end of talks until November 3) and 24 hours passed without a compromise being reached. Another reason for caution, but this time in Europe, a new containment has been put in place in Wales, and a virtual containment is emerging in Ireland for a period of six weeks. also in Austria and Slovenia. Faced with all this bad news, Asian stock markets lost ground overnight, with the Tokyo Nikkei index falling more than 0.4% at the end of the session.

If the macroeconomic agenda promises to be once again lightened today, many companies must publish their quarterly accounts in the United States, including Procter & Gamble (before the opening of the American markets) and Netflix (at the end of the evening) Copyright (c) 2020 CercleFinance.com. All rights reserved.

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