The edge of CAC 40 goes down as the US presidential election approaches

French stocks on Friday were declining on fear of a resurgence. Coronavirus Investors are strained by the increased risk of pandemics and uncertain consequences for the November 3 US elections.

Benchmark CAC 40 fell 7 points (0.15%) to 4,562 after finishing with a flat note the day before.

Saffron, which co-produces engines for the best-selling Airbus and Boeing jets with General Electric, rose 1.4% after confirming the outlook for 2020.

Air France-KLM, the holding company of Franco Dutch Airlines, announced a quarterly operating loss of € 1.05 billion ($ 1.24 billion), warning of a significant decline in fourth-quarter earnings. After that, it decreased by 2.3%.

Building materials company Saint-Gobain surged 4% after improving full-year earnings forecasts.

Energy giant Total SA rose 1.8% after third-quarter profits exceeded expectations.

Meanwhile, France’s GDP grew 18.2% in the third quarter after recording a sharp decline of 13.7% in the second quarter, according to preliminary data from the Statistics Bureau Insee. Economists predicted continuous growth of 15.4 percent.

Nevertheless, GDP was well below previous levels. health crisis. Insee reported that GDP was 4.3% lower than it was in the third quarter of 2019.

According to another report, consumer prices in France were flat for the second straight month in October.

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