After jumping more than 2.2% at the start of the day, welcoming Donald Trump's victory in the American presidential election, with aRepublican who will take control of both houses of Congress, the Paris stock market quickly declined to finally end down 0.51% at 7,369 points. Operators thus opted for heavy sell-offs in Europe, fearing that the new president's economic program could harm growth, notably with an aggressive trade policy and geopolitical tensions.
On the value front, Thalès gained 2.87%, Stellantis 1.82%, Publicis 173%, Dassault Système 1.17% and Société Générale 1.12% while Crédit Agricole lost 3.77%, Pernod Ricard 3.3%, L'Oréal 2.76%, BNP Paribas 2.66%, Air Liquide 2.4% and Bouygues 1.88%.
Across the Atlantic, on the contrary, we are witnessing a cascade of records for all indices. The Dow Jones jumped 3.57% to 43,729 points, the S&P500 rose 2.53% to 5,929 points and the Nasdaq100 rose 2.74% to 20,781 points.
This morning, the CAC40 should open up 0.2%
Operators will learn about retail sales in the euro zone, then weekly unemployment claims in the United States and productivity at 2:30 p.m. before wholesale stocks at 4 p.m. and the Fed's decision on rates at 8 p.m.
Graphically, the selling pressure persists. The zone of 7315 points will now have to generate a positive reaction otherwise the clearances will continue towards 7278/7223 points.
