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Investors oriented towards defensive stocks

Mid-term Analysis published on 10/09/2019 | 09:09am
Eurozone stocks have just entered a consolidation cycle, a phase triggered by the industrial transfer confirmed by recent US statistics on activity. Nevertheless, the 2019 route remains qualitative for the Euro Stoxx 50, which is still gaining 15%.

Over the last monthly series, the index shows a little ground (-0.8%) and it is the so-called defensive values that are at the top of the ranking. Engie, rarely in this position, achieved an increase of 8.3%. The title has benefited from new recommendations due to its current rating with its European peers. Orange also rose on the podium with an advance of 7% and Sanofi (4%). On the other hand, Sociée;tés General Company dropped by 7.8% followed by Airbus (-7.3%) and LVMH (-6%), the latter suffering from fears of the economic slowdown and the effects of the events in Hong Kong.

Patrick Rejaunier
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