The Paris Bourse was down 0.54% on Monday, for the fourth consecutive session, still weighed down by confinements in China, the war in Ukraine and the threats that inflation poses to economic activity.
The star CAC 40 index fell 34.01 points to 6,224.35 points. Friday, he finished down 1.73%, concluding a third week in a row in red (-4.22%).
None of the concerns that have tormented the Paris Stock Exchange for several meetings has calmed down.
The markets are struggling with the many uncertainties hanging over the economic situation, note analysts at Banque Postale AM, for whom caution must prevail in asset allocation.
In China, millions of Beijingers are working from home on Monday following a new tightening of anti-Covid measures, giving the capital of 22 million people the appearance of a ghost town like Shanghai before it.
The economic effects have already been felt: in two years, never have China’s exports progressed so weakly (+3.9% in April).
In addition, the war in Ukraine further weighs down prospects at European level.
In his vows of May 8, the eve of the Russian commemoration of the victory over Nazi Germany, Russian President Vladimir Putin multiplied the comparisons between the Second World War and the conflict in Ukraine.
Western countries continue to harden their position: the G7 countries, which accused Vladimir Putin on Sunday of shaming Russia with his actions in Ukraine, have made a commitment to wean themselves off Russian oil but without giving a precise timetable.
Discussions are continuing in particular within the Member States of the European Union.
Finally, investors are still digesting statements by central banks on their monetary tightening, in order to curb inflation, even if it means weakening economic growth.
On the bond market, interest rates continue to rise, with in particular ten-year rates which have exceeded levels which had not been reached for several years, testifying to a rather radical change in the perception of operators on the evolutions futures, in particular monetary policies, according to analysts at the Banque Postale.
The French interest rate for the 10-year loan rose to 1.681%, the highest since mid-2014. The gap with the German rate, which is the benchmark in Europe, also widened, very close to the year’s high.
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Profit taking on Ubisoft
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Danone renews its brands
Danone (-1.25% 55.40 euros) announced on Friday the acquisition of Dumex, an infant nutrition brand that the group had sold to Chinese Yashili seven years ago, in line with its strategy to renew its brand portfolio. .
The war in Ukraine carries the defense
The commemorations of May 9 in Russia raising fears of a new escalation in the war in Ukraine, investors turned a little more to defense stocks such as Dassault Aviation, up 1.26% 161euros, and Thales, of 1, 28% 112.60 euros.