(Paris) World stock markets fell again on Friday, marked by the deterioration of economic activity in the euro zone with disappointing advanced activity indicators, which also caused rates to fall.
Wall Street is trading lower and poised to break weekly bullish streaks: NASDAQ was down 0.93%, close to its first week in the red in two months, S
European stock markets ended the week negative, as in each of the sessions, and the pan-European Eurostoxx 600 index had its worst week (-2.97%) since mid-March. On Friday, Paris lost 0.55%, London 0.54%, Frankfurt 0.99% and Milan 0.73%.
Investors were put off after the release of advanced reports on PMI economic activity in the eurozone. Private sector growth slowed sharply in June, falling to near zero, weighed down by industry woes, according to S
The index is at a five-month low and “all indicators from European countries have been disappointing,” according to Edward Moya, analyst at Oanda.
“The past few days have seen a significant shift in sentiment on the outlook for the global economy” causing “investors to reassess the valuation outlook,” said CMC analyst Michael Hewson. markets.
Faced with fears about the economy in the euro zone, investors fled the common currency: around 9:45 a.m. (Eastern time), the euro lost 0.60% to 1.0890 dollars.
Investors also favored safe havens such as the bond market, leading in Europe to one of the strongest declines in one-session yields since March.
The interest rate on the German 10-year loan was at 2.35% at 11:45 a.m. (Eastern time) against 2.49% and the French at 2.88% against 3.02% Thursday.
In the United States, 10-year Treasury bills were at 3.74%, down from 3.80% on Thursday.
The markets are also digesting a week full of announcements from central banks and their representatives, starting with Jerome Powell, Chairman of the Federal Reserve (Fed), who indicated that the hikes in the Fed’s key rates were not over. .
On Wall Street, 3m stock was down 0.55%. The industrial conglomerate has agreed to pay between $10.3 billion and $12.5 billion to end lawsuits in the United States over contamination of drinking water systems with eternal pollutants (PFAS).
German energy company Siemens Energy revealed on Friday that the scale of wind turbine failures at its subsidiary Siemens Gamesa was far greater and more costly than expected, leading to a record plunge in its stock price.
Siemens Energy shares tumbled 37.34%, knocking about €6 billion off the market capitalization. Its parent Siemens lost 2.84%, and the Danish Vesta Wind 6.63%.
British pharmaceutical giant GSK gained 4.87% after it announced a settlement in California in a dispute over heartburn drug Zantac, which patients have accused of contributing to their cancer.
In Paris, the Sanofi laboratory, which also benefited from positive legal news on the sidelines of the same case during the week, ended up 1% on Friday and achieved the best performance of the CAC 40 index over the week. .
Oil prices continued to fall amid fears over economic activity.
Around 11:35 a.m. (Eastern time), a barrel of Brent from the North Sea, for delivery in August, lost 0.88% to 73.49 dollars.
Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery the same month, dropped 1.03% to 68.79 dollars.
Bitcoin rose 2.63% to $30,950.