The Paris Stock Exchange strained by Chinese foreign trade (-0.72%)

The Paris Bourse continued its downward trend on Monday afternoon (-0.72%), worried by the disappointing figures of Chinese foreign trade that are raising fears of global growth.

At 14:00 (13:00 GMT) the CAC 40 index decreased by 34.59 points to 4,746.65 points, in a trading volume of 979.73 million euros. He finished 0.51% on Friday.

The Paris coast began in sharp decline and stuck in it.

Wall Street also moved to a lower opening. The Dow Jones Industrial Average index futures contract yielded 0.71%, the broader S & P index lost 0.73% and the technology-dominated Nasdaq index decreased by 1.00%.

"European stock markets are in the red, investors are worried about the slowdown of the Chinese economy," says David Madden, analyst at CMC Markets.

The latest figures from China's foreign trade show that imports fell by 7.6 percent in December, underlining weak demand. Exports fell by 4.4%, giving an extra weight to the argument that the trade war between the US and China is detrimental to China's economy, "he said.

China is an important barometer for the markets because of the weight of its economy in the dynamics of global growth.

For the second year in a row, China's trade surplus declined globally in 2018, except in relation to the United States.

"The fact that the trade surplus of China with the United States in 2018 was the highest since 2006, should not facilitate talks with Washington," said Franklin Pichard, General Manager at Kiplink Finance.

"This instability comes when the fourth quarter profit season opens in the United States, and Citigroup opens the ball this afternoon," he continues.

In Europe, the auspices seemed equally unfavorable, with a new shadow in the macroeconomic picture and increased tensions linked to the Brexit.

Industrial production in the euro area declined by 1.7% in November, a worse result than analysts expected.

On penalty of submerging the United Kingdom in a "catastrophic" situation in case of rejection, Prime Minister Theresa May will again defend the British parliamentary agreement Brexit on Monday in a plea on the eve of a decisive vote announced as being lost in advance. The British government will publish a letter from the European Union on Monday with "guarantees" about the Brexit agreement, said a spokesman for the leader.

France "wants a favorable vote" Tuesday, but otherwise "it will be in London to make requests and proposals" to the EU, Elysee said.

– Luxury and commodities flank –

The values ​​of luxury, a sector that is sensitive to the Chinese economy, all struggled. Hermes lost 1.87% to 487.10 euros, LVMH sold 3.06% to 250.40 euros and Kering dropped from 1.82% to 398.50 euros.

The iron and steel sector was also weak, China was the largest importer of raw materials. The Vallourec stock fell by 3.59% to 1.80 euros and Eramet fell 3.36% to 61.90 euros.

The Euronext shares fell by 0.48% to 51.75 euros after the formal launch of the tender offer on the Oslo Stock Exchange, which was announced at the end of December, for 625 million euros.

The Orpea title decreased by 7.03% to EUR 86.72 after a write-down by Exane BNP Paribas.

The Alstom title fell from 1.45% to 34.69 euros. The German competition authority, for its part, has reservations about the proposed merger between the German Siemens and the French Alstom, which is increasingly being jeopardized, according to the Financial Times released on Monday.

The BNP Paribas share decreased by 0.24% to 41.27 euros. The group is preparing to leave its own trading business, said Monday to AFP a source close to the bank, confirming information released Friday by the Bloomberg agency.

The Renault title rose by 1.16% to 55.98 euros. Minister Bruno Le Maire of Finance insured Monday that there was "a pilot on the plane" at Renault with the provisional board that was set up after the imprisonment of CEO Carlos Ghosn, which made the shareholder of the state "Completely his role" .