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Profit-taking on the european markets before the verdict of Trump on China

european stock markets have nosedived on Friday, pending a news conference of Donald Trump on China and the publication of a series of macroeconomic indicators, encouraging profit-taking after several consecutive sessions of increase.

read also : China's response to the attacks from Trump in the electronic

The flagship index of the Paris Bourse, the CAC 40, lost 1,59%, while Frankfurt has yielded 1.65 per cent and London was down 2.53%. The red was also blown away to Milan (-0,84%) and Madrid (-1,77%). The tides of the market can be explained "clearly" by "waiting around China", about which the american president must speak this Friday, writes to the AFP Alexandre Baradez, analyst at IG France. Recently, the chinese pressure exerted on Hong Kong, the treatment of the minority muslim uyghur and the management of the crisis Covid-19 by China, have upset Washington. The United States threaten, inter alia, abolish the trade privileges of the former british colony as Beijing is preparing to impose a law on national security to Hong Kong, which enjoys a statute of autonomy.

household consumption declining in France and across the Atlantic

investors will also start to "look a little bit macroeconomics, which has been somewhat set aside in recent months because of the action of the central banks, but it remains much worse," judge Alexandre Baradez. For example, in France, household consumption has shrunk one-third in the month of April compared to the month of February, before the health crisis. Across the Atlantic, u.s. consumer spending dropped 13.6% in April, under the effect of the containment measures imposed in the face of the pandemic.

On the front of the values, biggest drop in Paris, Renault has dropped 7,74% after it announced the elimination of 15,000 jobs in the world, within the framework of a plan to save 2 billion euros over three years. Airbus, which has seen its rating downgraded a notch by S&P Global Ratings, has dropped of 5.69%. Bank stocks have been negatively affected by the tensions around Hong Kong. Société Générale has transferred to 4.92%, in the case of BNP Paribas (-4,27%) in particular. In the uk, HSBC bank has lost 3,70%, its competitor Standard Chartered 6,04%.

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