Mid-session analysis AOF France / Europe – The mutant virus contaminates the stock markets

    Mid-session analysis AOF France / Europe – The mutant virus contaminates the stock markets

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    (AOF) – European markets are widening their losses, penalized by fears raised by the spread of a “mutant virus”. The latter would not be more dangerous but 70% more contagious. Experts say the vaccines also work against him, but doubt seems to have set in. In the short term, the impact of this virus is already being felt. The United Kingdom, the region where the virus spreads the most, is isolated from the rest of the world and investors fear new, stricter containments in Europe. The CAC 40 yielded 3.16% to 5,353 pts. The Euro Stoxx 50 fell 3.8% to 3,409 pts.

    In terms of European values, Royal Dutch Shell lost 3.3% to 1335.80 pence in London and 4.68% to 14.66 euros in Amsterdam. Like the rest of the sector, the Dutch-British company is penalized by the drop in oil (-3.65% to 50.35 dollars for a barrel of Brent this morning). The oil major also announced further asset write-downs. After recording over $ 20 billion in impairments in the second quarter (roughly 20% of its total asset value), it will write down $ 3.5 billion to $ 4.5 billion in assets in the fourth quarter.

    This year 2020 will remain as an “annus horribilis” for the tourism sector due to the covid-19 pandemic. And unfortunately for him, the coming months should remain difficult due to the discovery of a new strain of covid-19, even more virulent this one, detected in the United Kingdom. A situation “out of control”, which pushed Boris Johnson, the British Prime Minister, to react immediately by reconfining more than 16 million people in the South-East of the country, including the London area. All this has for consequence, once again, a plunge of all the stock markets in Europe this Monday, with for main victims the values ​​linked to tourism. URW, last in the CAC 40, collapsed by more than 9% to 57 euros; Airbus is at the foot of the podium for the worst performance in the index, losing 6.3% to 83.39 euros. For their part, Air France, Accor and Pierre & Vacances lost 7.31%, 5.75% and 5.35% respectively.

    Health, paramedical and biotech stocks such as bioMérieux (+ 1.44% to 119.90 euros) or Sartorius Stedim Biotech (+ 1.17% to 294.60 euros) are doing much better than others sectors today, while the health situation, in particular the new strain of covid discovered in the United Kingdom, weighs down the markets.

    The macroeconomic figures of the day

    The December Eurozone Economic Sentiment Index will be released at 4:00 p.m.

    Around 12:15 p.m., the euro fell 0.78% to $ 1.2165.

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