Stock market: Further decline expected in Paris

In the absence of any real catalyst, the Paris Bourse ended down 0.49% at 5968 points yesterday, as traders remained concerned about bond market tensions and health fears, notably with the new restrictive measures in Europe.

On the value front, STM gained 3.89%, Dassault Systèmes 1.86% and Téléperformance 1.1%. On the other hand, Kering (-2.86%) and Veolia (-2.14%) were also up.

The US indices ended in positive territory, thanks to the good performance of technology stocks. The Dow Jones gained 0.32% to 32731 points, the S&P500 gained 0.7% to 3940 points and the Nasdaq100 1.71%.

The CAC40 is nevertheless expected to open 0.5% lower this morning.

Technically, the Parisian index should test the previous day’s lows at the opening. In the absence of preservation of the 5940 points, we can expect new clearings which should quickly bring the index back to the 5900 points, even 5860 points by extension.

Featured Photo : © Richemont

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