European shares opened on a stable rating – Capital.fr – Capital.fr

The main European stock markets opened on a firm note or slightly lower Friday as Asian markets were penalized by publication of an indicator showing that manufacturing activity in China suffered its biggest contraction in 15 months in July.

Contrasting results announcements and the decline in PMI “flash” for the month of July in France and Germany also weighed on the trend.

The activity growth slowed sharply in the private sector in France, the manufacturing sector even showing a slight contraction. In Germany, the private sector has merely a slight slowdown.

“flash” PMI Eurozone will be released later in the morning. The United States will take over in the afternoon with the new home sales and the flash manufacturing PMI.

In Paris, the index Courses – News CAC 40 was virtually stable (+ 0.08%) to 5090.90 points into 7:20 GMT. In London, the FTSE has also opened without trend (-0.01%), while in Frankfurt the Dax yields 0.12%.

The Euro Stoxx 50 index of eurozone fell by 0.18%, the FTSEurofirst 300 yielding only 0.08%.

The German chemist and world number one sector by sales, BASF, yields more than 3.5% after the announcement of a result of explitation below expectations year second quarter.

The Spanish bank Banco Sabadell abandons closely 3.5% after reporting a decline in profitability of invested capital 5.5% in the second quarter against 7% in the previous quarter.

The satellite operator SES yields nearly 7% after lowering its full-year earnings targets, bringing in its wake that Eutelsat is down more than 2%.

However, Courses – News Thales jumped nearly 8% and displays the highest growth of pan-European FTSEurofirst 300 the day after the announcement of a strong increase in order intake in the first half ..

Courses – News Air France KLM earns more than 2.4% after the announcement of new economies and an increase in its capacity more moderate than expected on the year to face a further deterioration in unit revenues in the second quarter.

On the foreign exchange market, the euro remains strong against the dollar 1.0990 while negotiations between Greece and its creditors on the details of the third country assistance plan must begin in Athens.

The oil contains slightly after a session where he touched the lowest since late March because of concerns about Chinese demand and persistent oversupply.

The ounce of gold sold up to 1.2% and hit a new low of five and a half dollars in 1077, before recovering but should record its biggest weekly decline in nine months.

(Marc Joanny for the French service, edited by Wilfrid Exbrayat)