The Paris Bourse accentuated its decline this Friday morning after the publication of disappointing monthly employment figures in the United States, the culmination of a week so far marked by contrasting economic indicators. The CAC 40 index is down 1.2% to 4,765 points, reducing the weekly gain to less than 0.5%.
The US Department of Labor reveals that the US economy created fewer jobs than expected in September, with 661,000 new non-farm jobs last month, instead of the +750,000 expected.
The excellent figures for July were, on the other hand, revised upwards to 1.76 million, against 1.73 million initially announced, as was the figure for August which was raised from 1.37 million to nearly 1.5 million job creations.
As a result, the unemployment rate fell significantly, by 0.5 points in one month, to 7.9% (against 10.2% in July).
Economists forecast on average 850,000 job creations in September for an unemployment rate of 8.2%.
'In recent weeks, jobless claims have been declining very slowly, a sign that the labor market is struggling to absorb the excess supply,' recall the Oddo BHF teams.
'After an exceptional jump in May and June, the pace of job creation has tended to moderate,' worries the Parisian intermediary.
Investors will therefore be on the lookout for any new sign of a sharper-than-expected slowdown in US employment, with the hope of being able to maintain the 2% increase posted so far in Paris since the beginning of the week.
In Asia, the stock markets went into the red Friday after the announcement of the positive Covid-19 test of Donald Trump, the American president.
Trump announced Thursday evening on his Twitter account that he had been tested, along with the first lady, positive for the coronavirus and that he had been placed in isolation and started his healing process.
Shortly before, the White House tenant announced that one of his main advisers, Hope Hicks, had tested positive for the coronavirus.
All these events are likely to further complicate an American presidential campaign that was already promising to be particularly unprecedented.
The Dollar lost the previous day's gains again, ie -0.3% to 1.1715 / E.
On the side of values, heavy relapse of Elior (-12%) which sinks its annual floor and Korian (-7%) which threatens his.
Elior France has announced a draft plan to safeguard jobs within its corporate catering activity. This reorganization would provide for the elimination of 1,888 jobs, spread over 1,260 corporate catering establishments operated by Elior Entreprises and Arpège, across the country.
Also heavy in the aviation sector with Airbus -3.5% and Safran at -2.7%.
Vinci presented Grupo ACS with a non-binding proposal for the acquisition of its 'Industrial Services' division. The offer concerns an amount of approximately 5.2 billion euros, a minimum of 2.8 billion euros would be paid in cash, the remainder being able to be paid in shares or in cash.
Vivendi announces that it has crossed the thresholds of 25% of the capital and 20% of the voting rights of Lagardère SCA. As of September 30, 2020, the Group holds 26.7% of the capital and 20.2% of the voting rights of this company