(BFM Stock Exchange) – The Paris Stock Exchange is falling back this Friday, September 5, reacting to a report on American employment reporting positions of positions much lower than expectations. The market is worried about the signals suggesting a slowdown in the American economy.

Dull weekend on the Paris Stock Exchange. The CAC 40 finished down 0.31%, to 7,674.78 points this Friday, September 5. On the whole of this first week of September, the Parisian index lost 0.38%.

The American employment report was the real highlight of the day and this school year. It highlights a very clear degradation of the American labor market last month.

In August, only 22,000 jobs were created, more than 50,000 jobs less than what the consensus was waiting for, 75,000 job creations. The unemployment rate increased online with expectations at 4.3%, after 4.2% in July. Average salary growth is 0.3% in August, as expected by consensus and as in July.

A report that opens the door to a drop of 0.5 percentage points

The very bad report of American employment published this Friday has depressed the point, accrediting this thesis of a monetary easing on the part of the American federal reserve this month. According to the CME Fed Watch tool, the market grants a probability of 85.8% to a relaxation of 0.25 percentage points and even 14.2% … for a drop of 0.5 percentage points.

“This employment report corroborates the thesis of a strong slowdown in the labor market and certain members of the FOMC (the Monetary Policy Committee, Editor’s note), of which Christopher Waller, will now request a drop in rate of 50 basis during the September 17 Committee. The annual revisions published on September 9 could make it possible to decide between a drop in the Fed of 25 and a decrease of 50 points,” Strategy and economic studies at CPRAM.

Violent movements were thus observed on several assets. On the bond market, the yield of the US Treasury Bon at 10 years fell to 4.065% while it was evolving around 4.15% a little earlier in the day.

Above all, the euro increases its earnings, or more exactly, the dollar unscrews. The motto of the euro zone still jumped 0.8% against the greenback at 1.1749 dollars when it was slightly increased before this indicator.

These fears of a distrust of the first world economy are also propagated in oil prices. Avices at midday, the prices of black gold have won. The November contract on the Brent de Mer of the North fell 2.5% to $ 65.29 a barrel while that of October on the WTI listed in New York collapses from 2.8% to 61.70 Dollars per barrel.

Cold stroke on Stef

On the front of the values, Stmicroelectronics ends the week at the top of the CAC 40 (+3.8%), supported by BNP Paribas Exane which noted its recommendation to outperformance and its price objective at 26 euros. At the tail of the peloton, we find Société Générale which sold 1.9%, followed by totalnergies (-1.8%) with the net with oil prices.

On the side of small and medium capitalizations, Stef dropped 7.8% in the wake of half -yearly results marked by strong pressure on the margins.