(News Bulletin 247) – The Parisian index ended down 0.6% this Thursday after having exceeded its records the day before. L’Oréal and to a lesser extent Hermès suffered, penalized by publications poorly received by investors.

After breaking its records for the first time in 17 months the day before, the CAC 40 ended down this Wednesday, October 22. The Parisian index dropped 0.63% to 8,206.87 points.

Geopolitical uncertainties hung over the entire session. American President Donald Trump said Tuesday evening that he did not want a meeting with Russian President Vladimir Putin if this meeting was of “no use”. “I don’t want to waste time so we’ll see what happens,” he proclaimed to the press, according to comments relayed by Agence France Presse (AFP).

For his part, a Kremlin spokesperson quoted by the state news agency TASS declared that “preparations are continuing”.

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L’Oréal and Hermès in the red

This imbroglio has somewhat reduced speculation about a potential ceasefire in Ukraine. Defense groups have benefited from this on the stock market. Dassault Aviation gained 2.7% and Thales 1.4%.

Concerning, this time, his meeting with Chinese President Xi Jinping, Donald Trump blew hot and cold. The American president said on Tuesday that he expected to “reach a good agreement” with him to resolve trade tensions between the two countries. But, at the same time, the billionaire “also suggested that the meeting might not take place, declaring: ‘maybe it will not take place'”, points out Deutsche Bank.

The CAC 40 was mainly pulled down by the declines of L’Oréal (-6.7%) and Hermès (-2.9%), respectively the third and second largest capitalizations on the Paris Stock Exchange.

L’Oréal published an acceleration of its growth lower than market expectations in the third quarter and its management delivered a cautious tone on the prospects of the beauty market between now and the end of the year. For its part, Hermès achieved growth of almost 10% on a comparable basis. But the market had set the bar even higher.

STMicroelectronics (-4.1%) for its part may have been penalized by the disappointing publication of an important comparable in semiconductors, namely the American Texas Instrument which lost 5.3% on Wall Street after missing expectations in terms of earnings per share. A first in two years, underlines Briefing.com.

On other markets, the euro gained 0.1% against the dollar to 1.1616 dollars. Oil is rising. The December contract on North Sea Brent gained 1.9% to $62.51 per barrel while that of the same maturity on WTI listed in New York gained 1.2% to $58.49 per barrel.