From Paris to DC - why offices are being turned into apartments
Published . Updated .
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Office buildings with low occupancy rates are being transformed into flats.
Directly affected
- No company is named in this report.
Indirectly affected
- EWQ iShares MSCI France ETF-0.5% 6d
iShares MSCI France ETF holds stocks listed in France, which this story is about (“paris”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in France
- EFA iShares MSCI EAFE ETF-0.7% 6d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes France
- TTE TotalEnergies SE
TotalEnergies SE (crude petroleum and natural gas) is one of the largest France-based companies traded in the US, so news about France (“paris”) reaches its shares.
- SNY Sanofi
Sanofi (pharmaceutical preparations) is one of the largest France-based companies traded in the US, so news about France (“paris”) reaches its shares.
- CSTM Constellium SE-8.9% 30d
Constellium SE (secondary smelting and refining of nonferrous metals) is one of the largest France-based companies traded in the US, so news about France (“paris”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWQ | -1.23% | +0.32% | base | after close | after close | after close | after close |
| BWX | +1.13% | +1.50% | base | after close | after close | after close | after close |
| EFA | -1.86% | +0.32% | base | after close | after close | after close | after close |
| TTE | +0.90% | +0.06% | base | after close | after close | after close | after close |
| SNY | -3.13% | -0.65% | base | after close | after close | after close | after close |
| CSTM | -8.79% | -1.09% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Office buildings with low occupancy rates are being transformed into flats.
Source: BBC
This story
| Company | When | Move | Status |
|---|---|---|---|
| BWX | three days earlier | +1.50% | final price |
| BWX | five days earlier | +1.13% | final price |
| CSTM | three days earlier | -1.09% | final price |
| CSTM | five days earlier | -8.79% | final price |
| EFA | three days earlier | +0.32% | final price |
| EFA | five days earlier | -1.86% | final price |
| EWQ | three days earlier | +0.32% | final price |
| EWQ | five days earlier | -1.23% | final price |
| SNY | three days earlier | -0.65% | final price |
| SNY | five days earlier | -3.13% | final price |
| TTE | three days earlier | +0.06% | final price |
| TTE | five days earlier | +0.90% | final price |
This story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“From Paris to DC - why offices are being turned into apartments” scores 12 out of 100. The score uses 1 sources.