The Paris stock market remained misdirected Thursday afternoon, despite good statistics on the forehead of U.S. employment in a market worried about the situation in Spain and who plays the caution on the eve of the long Easter weekend.
At 3:40 p.m. (1:40 p.m. GMT), the CAC 40 lost 0.40% to 3300.28 points.
The new jobless claims in the United States continued to decline, reaching their lowest level in four years, reassuring news on the eve of the publication of the official report on U.S. employment for March.
The labor market overseas has improved significantly since the fall when the unemployment rate fell to 8.3% in February against 9.1% in August. But these good indicators did not allow to overshadow concerns about Spain, which saw its borrowing rates to tighten significantly in the bond market. The yield on the Spanish 10 years and was part of almost 6%.
"It is again in a vicious circle. More interest rate increases to Madrid, unless the refinancing of its debt by Spain appears credible," said Renaud Murail, manager of equities at Barclays Exchange.
"While Germany will refuse that the European Central Bank buys directly from the primary market debt, difficulties remain in some countries," he added.
In the wake of the renewed tensions, bank stocks retreated sharply, while some institutions are very vulnerable to Spanish debt.
And Paris has certainly raised nearly $ 8.5 billion in medium and long term, but borrowing rates slightly less favorable.
The trade volume remained modest at 1.975 billion euros as investors have already completed most of their position on the eve of Easter weekend.
The Paris market, as most European financial centers, will remain closed for Good Friday.
BNP Paribas itself from the bottom of the score (-2.83 to 32.26% in euros), followed closely by Credit Agricole (-2.73% to 4.12 euros) and Societe Generale (-2.09% to 19.93 euros).
EDF lost 2.56% to 16.77 euros as the takeover of Edison by the electrician has suffered another setback. Constable Fellow Italian Consob, rejected the price at which the French wanted to buy out minority shareholders of Italian society.
In contrast to the trend, LVMH progressed significantly from 2.32% to 129.85 euros in after its CEO Bernard Arnault is confident for 2012 after a strong first quarter.
CAC 40 off, Soitec yielded 3.94% to 3.76 euros allocated since the previous day (-6.88%) by the bankruptcy of the German Q-Cells.