The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange fell on Thursday, digesting a burst of company results in an uncertain environment a few days before the outcome of the presidential election in the United States.
The flagship CAC 40 index lost 0.74%, or 55.13 points, to settle at 7,373.18 points around 10:15 a.m. The day before, it ended sharply down 1.10%.
Investors are evolving in a session rich in company publications and with several economic indicators planned on the agenda.
Among the most important, in Europe, several inflation data are expected, just like in the United States with the PCE index, which is the inflation gauge favored by the powerful American central bank (Fed).
On the results side, Apple and Amazon will complete the week's publications, with regard to the American technology giants, scrutinized by investors because of their significant weight on the indices.
Finally, nervousness is gaining ground as the American presidential election approaches, the outcome of which remains uncertain.
In this context, “investors are hesitant to take new risks”, underlines Stephen Innes of Spi AM.
TotalEnergies: net profit collapses in 3Q
TotalEnergies (2.57% to 57.62 euros) saw its net profit collapse in the third quarter to 2.1 billion euros due to the sharp decline in refining margins and the fall in oil prices.
The action of the French bank BNP Paribas fell by 5.77% to 61.72 euros after the publication of its results, considered mixed, for the third quarter.
Despite a net profit slightly above expectations, “French retail banking remains disappointing and competition on deposits in Belgium is now clearly having an impact on revenues”, estimate Jefferies analysts.
Société Générale stands out, gaining 7.72% to 25.53 euros, driven by the publication of results better than expected by the market in the third quarter. The bank with the red and black logo reported a net profit almost five times higher than last year for the same period.
Axa for its part fell by 2.01% to 34.20 euros. The insurer posted a turnover up 7% to 84 billion euros over the first nine months of the year but nevertheless lost a few solvency points in the third quarter.
Euronext
CAC40
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