The Paris Bourse is expected to start the final session in February on a weak note, sellers manifested again after a month which saw the CAC 40 lost more than 100 points.
About 8:15, the future contract on the CAC 40 index – next March – lost 36.5 points 4277 points announcing a decline of around 0.8% at the opening.
Chinese shares fell about 3% Monday, affected by a new yuan downtrend amid persistence concerns about the health of the global economy second.
“China has largely underperformed (this month), with a CSI 300 Index, which is trading now at its lowest levels since December 2014 ‘, recall the IG teams.
The operators also evoke the disappointing results of the last G20 meeting held this weekend in Shanghai.
“As we feared, the G20 conclusions confirm that market pressure is still not enough to wake up the central bankers of the world,” commented Didier Saint Georges, a member of the Committee of Carmignac investment.
The week also announced high-leading events such as the ‘Super Tuesday’ Tuesday, March 1, which will see 11 US states vote in the primary.
“There is a lot of risk associated with political and economic events and much uncertainty will be gone by the end of the week with the prospect of a Trump / Clinton duel for White House, US data expected to show US economy’s strength and vulnerability rather new signs in Europe, “warns IG.
Another source of weakness for the markets, US crude barrel – which remains the central concern of the markets at the moment – fell by 0.4% to 32.7 dollars.
Meanwhile, the euro confirms recent weakness continuing to operate below the threshold of $ 1.10.
‘Given that the market sees 70% rate hike likely in the United States in 2016, it is perhaps the right time to start increasing again its exposure to the dollar’, concludes IG.
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