(BFM Stock Exchange) – The Parisian index abandoned 0.78% this Monday, February 24, digging its losses in the afternoon after the opening of Wall Street. Schneider has suffered from fears on demand for data centers.

The Paris Stock Exchange begins the week on a bad note. The CAC 40 main barometer, abandoned 0.78% to 8,090.99 points.

Relatively close to mid-session balance, the Parisian index dug its losses in the afternoon, weighted by the bad trend at Wall Street.

After opening in the green the American clues changed in the red. Shortly before the European fence, the Nasdaq yielded 0.7% while the S&P 500 lost 0.17%.

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Schneider in the hard

Microsoft, with a decrease of 1.2%, weighs in particular on the trend while a broker, TD Cowen, reported that the American group would have canceled Data Centers capacity rental contracts.

This announcement casts a doubt about the group’s expenses in the data centers and by ricochet on the demand for artificial intelligence.

This tdcowen note is also at the origin of the heavy fall in the Schneider Electric action (-6.9%), the fourth highest capitalization of CAC 40 (and the second by taking only floating capitalization).

TDCOWEN’s note on Microsoft was able to feed fears about the spending of American Bigtech in the Data Centers. However, this segment represents around 25% of Schneider Electric’s income, and above all constitutes its main growth engine.

For the same reasons as Schneider Electric, Legrand, the other CAC 40 group specializing in electrical equipment, dropped by 3.45%.

The Dax behaved well

The market also dissected the results of the legislative elections in Germany. As expected, the Conservatives (CDU/CSU) came to the lead in front of the AFD, the far-right party.

The CDU-CSU should ally themselves with other parties to form a government coalition. Economists believe that the most likely scenario remains that of a large coalition between the CDU/CSU and the SPD (socialist). Environmentalists could possibly join the government, which would lead to a so-called “Kenya” coalition (Black-Vert-Rouge, the colors of the three parties).

The Dax 40 also behaved well following the results of these German elections. The German index has outperformed the other European scholarships by taking 0.6%.

In the other markets, the euro takes 0.1% against the dollar at $ 1.0473. Oil is advancing. The April contract on the Brent de Mer du Nord takes 0.4% at $ 74.37 a barrel while the one on the same deadline on the WTI listed in New York is 70.37 dollars per barrel.