The CAC 40 dipped 1.90% to 3161.97 points after a sharp decline in hiring in the United States that feeds the fears of relapse of the global economy.
Equity markets experienced a sharp decline in new session. The CAC 40 dipped 1.90% at 3161.97 points. And throughout this week shortened, with the May 1, he loses 3.08%.
The other major stock markets follow the same trend, as affected by the Paris monthly figures of employment in the United States. London has dropped 1.93% 1.99% today and Frankfurt.
In New York, the market also accused the coup. Sitting in the Dow dropped 0.90% and the Nasdaq 1.64%. Very expected, the employment figures in the U.S. markets were disappointed. Job creation has slowed for the third consecutive month in April in the United States. For Alexander Baradez, analyst at Saxo Bank, "the balance of hiring down 25% compared to March reflected a sharp deterioration of the situation on the U.S. labor market and fueling doubts about the strength of the recovery in United States. "
At the same time, euro area, spend one to one flashing red. Activity in the private sector shrank more than expected in April, according to a second estimate of the PMI, which makes fear a recession may be more sustainable than expected. "The sudden deterioration of the situation of Spain recalled earlier this week how much eurozone remains fragile and challenges in the eyes of many observers sustainability strategies austerity implementation across Europe" the analyst believes Saxo Bank. Moreover, the European Central Bank (ECB) disappointed markets last night. While expressing confidence about the prospects for the euro area, the president of the institution, Mario Draghi, has ruled out any new exceptional measure in support of the euro area economy.
The cyclic attacked
Technology stocks and industry, particularly sensitive to economic conditions are again the most affected. Renault has plunged by 4.76% yesterday, the fastest low CAC 40, Technip fell 4.58%, 4.32% of Peugeot and STMicroelectronics of 4.46%. Legrand has announced a turnover superior to expectation, however, has advanced 2.54%, while France Telecom (1.17%) who announced the day before a profit deemed of good quality continued its forward march.