A decline in prices does not mean a decline in production costs for enterprises. Even due to the rising labor and industrial raw materials, the production costs of many enterprises have not decreased but increased.

Both the UK and Russia provide orders for demand are lower than market expectations, and many industries are facing a situation of oversupply. In this context, the processing and manufacturing industry is naturally not having a good time.

In order to survive, everyone had to fight a price war. The companies that responded quickly were fine, but at least they made a big profit in the early stages of the war last year.

The market fell in the first quarter, and overall the profit was good. After the second quarter, it was a tragedy. A bunch of guys who fantasized about making money in war joined in, further intensifying market competition.

Exit is impossible. The funds have become machinery and equipment and factories. At this time, you can’t find a buyer to leave the market.

Relatively speaking, British companies are the ones who have suffered the least impact, with government procurement being preferred in China, which invisibly has the greatest advantage.

The worst among the big powers is undoubtedly France's industry and commerce. The British government cannot grab orders, and Russia's orders are facing competition from Austria.

The French government was willing to issue bonds to the Russians, but in fact, it was to compete for the market. After getting the francs, it was naturally necessary to purchase French goods.

Even so, French industry and commerce can only get a part of daily necessities orders, and the military industry with the largest profits cannot compete with Austria.

It’s not that French companies don’t work hard, nor that Russians treat them differently, mainly because the military industry system is different.

The Russian-Austrian weapons have the same caliber, so they can be used directly after buying them, and the logistics and maintenance are very convenient.

If you buy French products, not only will the soldiers need to be retrained, but the logistics supply and maintenance will be a big problem. In the war years, the Tsarist government must consider practicality.

...

On May 24, 1890, it was another day when a listed company announced its financial reports, and the Paris Stock Exchange was already crowded.

From the expressions of everyone talking and laughing, you can know that everyone is in a good mood. I have been waiting for the stars and the moon, and I have only hoped for the outbreak of the British-Russian War. Now it is time to gain.

From the outbreak of the British-Russian War to the present, the average stock price of the Paris stock market has increased by as much as 23.7%, and the foreign trade enterprise sector has increased by more than 57%, and there are many people who doubled their stock price.

Based on the generous returns during the Prussian-Russian War, everyone has high expectations for the British-Russian War. Especially the financial report in the last quarter of last year proves this.

As for the price drop, I'm sorry that the French people didn't feel it. Due to the tariff barriers, France's prices are relatively less affected by the international market.

News has been slow these days, and capitalists are smart people, with export returns lower than expected and product backlogs severely. These news naturally have to be kept strictly confidential.

If the news leaked in advance, who would take over it? Market supervision these days is about zero. Since sales problems occurred in the first quarter, everyone has slowly reduced their holdings.

With the constant positive news, ordinary investors have no idea that the crisis is approaching.

In front of the exchange, a fat man with a slightly middle-aged fat man was reading a financial newspaper with relish.

"Yamix, what are you looking at?"

The middle-aged fat man Yamix replied with a little regret: "Financial newspapers, Hex Textile Factory is negotiating with the Russians. If nothing unexpected happens, it will be a big order of 30 million francs!

Unfortunately, I was timid. A few days ago, I heard that the Hex Textile Factory had a serious backlog of products. I withdrew half of them and turned to the Fedoron Machinery Factory, missing this wave of market conditions."

The visitor comforted him: "It doesn't matter, the Fedorun Machinery Factory is also good. The downstream market is so good, and companies are expanding their production capacity. How could the performance of upstream equipment manufacturers be poor?"

This is the most common experience. Once the industry is good, companies in the entire industrial chain will benefit.

Yamix shook his head, it was true that upstream companies would benefit. However, the stock price increase was definitely not as high as the company involved.

Now is the war period, and all industries related to strategic materials are beneficial. How can a large-scale product backlog occur?

Even if it is a backlog, it is a hoarding business! Thinking of this, Yamix directly greets the whole family of the guy who conveys the message.

Looking at the person with a smile on his face, Yamix asked tentatively: "Anthony, I remember you bought this stock, and I guess you should have a good harvest this time."

Anthony smiled slightly: "I happened to catch up. I didn't buy much, only 20,000 shares.

But Yamix, you are too brave. The most important thing in our industry is mentality. To analyze the overall market, there is no need to pay attention to the gossip.

Capitalists are not fools. If the product backlog is serious, they would have known that they would have laid off employees and reduced production. It is not like the streets and alleys are now full of recruitment advertisements!”

After hearing a friend's analysis, Yamix's face turned even more ugly, as if he had lost another 100 million yuan.

Judging the operation of a company from the labor market is the most basic ability of ordinary investors, even stock market novices should know it.

Especially for the manufacturing industry, when companies recruit soldiers, it is definitely the best time for the market.

It seemed that consciousness had said it, Anthony hurriedly remedy: "Okay, Yamix. Now wait for the company to patiently announce its financial reports. Anyway, it's all about making a profit, it's just a matter of how much.

Perhaps the performance of the machinery factory is Cao Peng, and the stock price increase is still above the textile factory. You should know that in recent times, there have been many new factories, and they all need to purchase equipment."

As soon as he finished speaking, someone shouted again: "This is impossible!"

"This is not true, it must be lying to me, right?"

...

With the financial reports of each company unveiled, similar voices began to be heard.

Realizing that something was wrong, Yamix and Anthony, who were still outside the crowd, hurriedly squeezed into the exchange.

But it was all too late. After the initial panic, the investors who got the financial report had already started selling their stocks.

There are all sell orders in the market, and you can’t see any pay orders. All investors on the scene know that the market is going to be over.

Seeing that the situation was out of control, a group of prepared police appeared in the market and began to maintain order on the scene.

As of the close of the evening that day, the Paris stock market fell 8.6%, and some individual stocks were directly cut.

This is just the beginning. Only a small number of companies that announced their financial reports today, and the remaining companies will be announced within the next week.

If most companies are not as expected by the market, that is the real disaster and can only be regarded as an appetizer now.

However, this appetizer has completely reduced the increase in the Paris stock market for more than half of the year.

...
Chapter completed!