The Paris Stock Exchange, disappointed on the Brexit, takes a step back

The Paris Bourse moved into negative territory (-0.57%) on Wednesday morning, caught up by the uncertainties on the Brexit after a vote compromising an exit from the UK of the EU on October 31 and while investors had to digest many results.

At 09:33, the CAC 40 index was down 32.40 points to 5,625.29 points. The day before, he ended up in a small rise of 0.17%.

“It's Brexit that will still be on everyone's lips, even if the market impact of the latest developments should once again be contained.The most important is that the risk of a + no deal + remains very low. in the immediate future, “noted in a note Tangi Le Liboux, a strategist of the broker Aurel BGC.

“The EU will now have to say whether it is ready to accept a deadline, and if so, for how long, a critical issue because the length of the delay will condition the political strategy of Boris Johnson,” he added.

European Council President Donald Tusk urged EU member states to accept a third Brexit postponement after a double-edged vote by British MPs, who approved in principle the new divorce agreement signed by their prime minister Boris Johnson and EU leaders, but required more time to review it.

Boris Johnson then announced that he was suspending the examination of the agreement by the Parliament until the EU takes a decision on a postponement of the date of the divorce.

In addition to the Brexit soap opera, investors will have a lot to do with corporate publications, which intensify Wednesday.

“It seems that a new mixed session in terms of results (Tuesday)” makes them “reluctant to push the markets strongly upwards, to new records,” said Michael Hewson, an analyst at CMC Markets.

In the field of statistics, the business climate in France fell slightly in October compared to September, penalized by the three points lost in the manufacturing industry, according to INSEE.

Consumer confidence in the eurozone for the same month is also on the agenda.

In terms of values, Carrefour took 0.61% to 15.69 euros, with a turnover of nearly 20 billion euros in the third quarter, marked by a good sales momentum in Latin America but an activity in the pain in France.


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