Market: the Paris Stock Exchange in sharp decline, Renault weighs

The Paris Stock Exchange, which is still crumbling under the results, evolves in sharp decline for this last session of a particularly dense week. 

Shortly after 10:30, the CAC 40 dropped 1.3% to 5.119 points. In particular, it suffers from poor performance and is following in the footsteps of Asian markets. It now shows a decline, admittedly anecdotal, of 0.1% over the week. 

'Fundamentally, even if there are signs of a slowdown in credit (especially in the US and China, based on credit impulse), the momentum remains positive. The results of companies are at the rendezvous and especially in the euro zone, where the prospects of CAPEX for the next 6 months are very good, 'tempers Saxo Bank teams, according to which' Is certainly the first time in several years that such a wind of optimism seems to blow on the markets and especially on the world economy. 

Main indicator of the day and even the week, the first estimate of US GDP for the second quarter will be known in the early afternoon. The market will also be aware of the inflation figure in Germany for the month to come. 

On the foreign exchange market, the euro advanced 0.2% against the dollar to 1.1702. The barrel of Brent grows in similar proportions to 51,6 dollars. 

In terms of value, Air France-KLM garnered 1.7%. The French-Dutch carrier returned to profits in the first half. In addition, he announced yesterday his entry into the capital of Virgin Atlantic, Strengthening its ties with China Eastern. Delta Air Lines and China Eastern Airlines will each acquire a 10% equity interest in Air France-KLM, on a separate basis, in connection with reserved capital increases for a total amount of € 751 million And at the subscription price of € 10 per share. 

However, Teleperformance (PA: ROCH ) (+ 2.3%) posted the best performance of SBF 120 in the wake of the announcement of a significant improvement in profitability at the end of June. Saint-Gobain (AP: SGOB ) (+ 1.7% and one of only 2 CAC 40 stocks to move in positive territory) completes the podium with strong semi- A confirmation of the objectives for the current financial year. 

On the decline side, Renault (PA: RENA ) dropped 5.8% despite the announcement of a record profit in the first half and the maintenance of annual projections. A strong pressure on prices - while Renault is working to raise them in a context of rising commodities - was mentioned and the decline in profits of Nissan (T: 7201 ) also weighs on the stock. 

Still on the flagship index, Essilor drops 3.9% following a reduction in the growth and margin forecasts of the ophthalmic giant, which suffers financially from the mega-merger with Luxottica. 

Finally, another profit warning, that of SPIE (-9.4%),