Home Business The Paris Bourse should open sharply lower

The Paris Bourse should open sharply lower

The Paris Bourse was moving towards an opening in the red before the acceleration of measures to curb the spread of the coronavirus epidemic and confirmation that the virus was more contagious than the Srars of 2002-2003.

Friday, the Parisian odds had ended in clear rebound (+ 0.88%) at 6,024.26 points.

The New York Stock Exchange ended in red on Friday. The Nikkei index of the Tokyo Stock Exchange unscrewed by more than 2% Monday at the close.

“European indices should open sharply lower this morning in the wake of concerns about the spread of the coronavirus in China and in the rest of the world,” predict experts from Mirabaud Securities Geneva.

“Fears are increasing at the rate of spread of the virus that has emerged in China and has spread to the United States and Europe,” noted Jasper Lawler, an analyst at London Capital Group.

“Sales will be concentrated in all open markets,” those of Hong Kong, South Korea and Australia being closed, he added.

The number of victims of the viral pneumonia epidemic in China has jumped to 80 and 2,744 cases have been confirmed in the country, while France and the United States are preparing the evacuation of their nationals from the quarantine zone.

Consequently, Beijing decided Monday to extend the Chinese New Year leave by 3 days, until February 2, as part of measures to combat the epidemic of viral pneumonia.

Senior Chinese health officials said on Sunday that the virus’ s ability to spread has “increased”, even though it is not “as powerful as SARS” that caused a deadly epidemic in 2002-2003.

As of this Monday, Chinese travel agencies will no longer be able to sell hotel reservations or travel to groups.

In Hong Kong, where a sixth case of coronavirus was detected in addition to the closure of schools and the cancellation of the marathon, the Disneyland amusement park was closed until further notice. The Chinese metropolis of Shanghai announced Sunday the immediate suspension of long distance coach lines.

In this ultra-sensitive health context, investors will take a look at the IFO barometer of entrepreneurial morale for January as well as sales of new homes in the United States.

– VALUES TO FOLLOW –

LVMH: the leather goods Louis Vuitton, flagship brand of the luxury giant, remains ahead of Chanel and Hermès in the 2020 ranking of the most powerful French brands established by the Kantar cabinet.

PSA: the group has announced that it will repatriate its expatriates and their families living in the Wuhan region.

M6: the final of the Euro-2020 football which will be played on July 12 in London will be broadcast in clear on M6.

Pan / ak / nth

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