PARIS (Reuters) – The main European stock markets fell sharply at the start of the session on Wednesday, in the wake of the marked decline on Wall Street the day before and a new burst of mixed publications of company results.

In Paris, the CAC 40 lost 1.08% to 7,449.93 points around 08:06 GMT. In London, the FTSE 100 lost 0.59% and in Frankfurt, the Dax fell 1.05%.

The EuroStoxx 50 index, the FTSEurofirst 300 and the Stoxx 600 fell by 1.1%.

Wall Street ended Tuesday with a marked decline – the largest recorded in April – after several disappointing corporate results including those of UPS, which fueled fears about the economy, and those of the bank First Republic , which reignited concerns about the sector.

US index futures are signaling a rebound for Wednesday’s open, notably for the Nasdaq, after two tech giants Alphabet and Microsoft reported better-than-expected results, but this is providing little support so far. Europe.

The European technology compartment also shows one of the largest sectoral declines (-2%) due to the plunge of ASM International (-11%), which disappointed on its forecasts for the second quarter, and of Dassault Systemes , which reported a sharper-than-expected decline in software sales in the first quarter.

The rating in Europe is also driven by the announcement of the proposed takeover by Teleperformance of its competitor Majorel for three billion euros.

The operation, which will be carried out partly in cash and partly via a capital increase by Teleperformance, is not well received for the French group, which falls by 12%.

In Amsterdam, Majorel for its part jumped 38% to approach the offer price at 30 euros per share.

(Written by Blandine Hénault, edited by Kate Entringer)

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