(AOF) – The main European equity markets are down slightly. The session is particularly bleak in Paris because of the holiday related to the commemorations of the armistice of 1918. Investors wonder about the probability of a quick truce of the trade war whereas China, and especially the United States , send conflicting messages. The renewed tension in Hong Kong is also reviving risk aversion. In terms of values, information is scarce. Around noon, the CAC 40 yields 0.21% to 5,877.25 points. The Euro Stoxx 50 drops 0.27% to 3,689.64 points.
In terms of European stocks, Credit Suisse dropped 0.8% to 12.94 Swiss francs after a new change at the head of the group. Jim Amine, General Manager, Investment Banking, resigned from his position and the Board of Directors. He is replaced by David Miller, a veteran who has worked for 22 years for the Swiss bank. This is the third major change in the group in less than five months, a few weeks after the departure Pierre-Olivier Bouee following a scandal espionage and that, brutal, Iqbal Khan, at the head wealth management in July.
Genfit jumped 8.45% to 14.73 euros to sign the largest increase in the SBF 120. The French biotech announced results from a study demonstrating that NIS4, a non-invasive diagnostic tool developed for blood diagnosis. Non-alcoholic steatohepatitis (Nash), performed better than other non-invasive tools in patients with type 2 diabetes. These results were presented on November 10th at the 2018 AASLD Liver Meeting in Boston.
Delta Plus grew by 1.61% to 44.22 euros, supported by a new acquisition project. The French specialist in personal protective equipment has entered into exclusive talks with a view to taking a stake in Gamesystem, a French company also present in Spain and Italy. The goal of Delta Plus is to accelerate its development in the infrastructure securing segment against falls from height. Gamesystem achieved a turnover of 11.5 million euros in 2018.
Macroeconomic figures of the day
In the United Kingdom, GDP growth was + 0.3% in the third quarter of 2019. Economists expected + 0.4%. Year-on-year, it stands at + 1%, against a consensus of + 1.1%.
Around noon, the euro gains 0.17% to 1.1034 dollar.
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