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Stock market: The CAC 40 fell by 0.44% at the close, to 5,564.60 points

Stock market: The CAC 40 fell by 0.44% at the close, to 5,564.60 points

Bourse de Paris

The Paris Stock Exchange lost 0.44% at the close on Tuesday, in the wake of the financial markets in the rest of the world that laboriously began the year 2021.

 

By 31 December, the world indices had ended 2020 on a positive note, with the DJIA and the S&P 500 setting new records, and the Nasdaq finishing at just 0.1% of its highest levels.

 

However, as of January 4th, the Dow Jones index dropped 1.25% to 30,223 points at the closing, while the S&P 500 index dropped 1.48% to 3,700 points. The Nasdaq Composite index fell by 1.47% to 12,698 points. With the exception of Tesla which rose by 3.42% to nearly $730, US stock market values started the year with difficulty.

 

In Paris, the CAC 40 also recorded significant declines, following the example of Kering (-2,30% to 580,70 euros) which was thus positioned at the bottom of the ranking.

 

Yesterday, 5 January 2020, the CAC 40 continued to evolve cautiously and dropped 0.2% to 5,575 points in the middle of the day. In Europe, the market is indeed affected by the uncertainties linked to the health situation : while Boris Johnson has just announced a third national containment for 6 weeks, Germany could do the same with a containment until the end of January.

 

In the United States, the senatorial election in Georgia is focusing the attention of investors who fear a Democratic victory. Such an eventuality would allow Joe Biden to control Congress and implement his tax policy of raising corporate taxes.

 

In addition, after announcing the delisting of three Chinese operators – China Telecom, China Mobile and China Unicom Hong Kongthe New York Stock Exchange (NYSE) reversed its decision under pressure from Beijing. The New York Stock Exchange nevertheless intended to comply with a decree signed by Donald Trump, intended to hit Chinese companies suspected of being threats to national security.

 

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These events have obviously been favourable for the Chinese stock market. Erasing their morning losses, Hong Kong’s Hang Seng index gained 0.64% to 27,649.86 points, Shanghai’s composite index rose 0.73% to 3,528.68 points and Shenzhen’s index climbed 1.5% to 2,422.34 points.

 

While the Japanese government is considering declaring a new state of health emergency, the Tokyo Stock Exchange lost 0.37% to 27,158.63 points.

 

Read also > CAC 40 : PARIS STOCK EXCHANGE STABLE FOR THE FINAL SESSION OF 2020, LUXURY IN THE SPOTLIGHT

 

Featured Photo : © Paris stock exchange

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