Paris (AFP)

The Paris Bourse finished slightly up Monday (+ 0.26%), waiting without taking too much risk the surge of corporate results this week and the meeting of the European Central Bank (ECB) Thursday.

The CAC 40 index took 14.68 points to 5,567.02 points, in a low trading volume of 2.5 billion euros. Friday, he finished stable (+ 0.03%).

The Parisian coast briefly attempted to rise to finally return to balance, where she had started her day.

"The market is in a waiting phase with a week at a time marked by the publication of many corporate results and the meeting of the ECB Thursday, before the even more important of the Fed at the end of the month", summed up with AFP Daniel Larrouturou, equity manager at Dôm Finance.

While waiting for these key deadlines, "the market sends the current affairs" and avoids taking risks, he added.

"The oil and oil services sector, on the other hand, benefited from the rise in crude oil prices amidst tensions in the Strait of Hormuz," he said.

After a crisis meeting chaired by Prime Minister Theresa May and consultations with her European allies, the UK is scheduled to announce on Monday its response to Iran's arrest of a British-flagged oil tanker in the Strait of Hormuz. .

Regarding the expected arrival of Boris Johnson as Prime Minister to replace Theresa May in the United Kingdom, "it seems that the market continues to think that the Parliament will be able to block a Brexit without agreement" and suddenly worries little, said Mr. Larrouturou.

The race for the succession ends Monday with the closing of the votes of the members of the Conservative Party, and barring a huge surprise, it is Brexit champion Boris Johnson who should be proclaimed winner on Tuesday.

On the indicators side, the agenda for Monday was totally empty.

In terms of values, oil and oil stocks jumped in the wake of oil prices. Vallourec gained 5.16% to 2.51 euros, CGG 2.69% to 1.83 euros, TechnipFMC 2.56% to 22.82 euros.

Casino took 1.26% to 32.90 euros, taking advantage of the announcement of the sale of its subsidiary Vindémia, present in the Indian Ocean, the distributor GBH.

Accor was raised (+ 2.13% to 40.29 euros) by a recommendation increase.

TF1 (-4.66% to 8.49 euros) and M6 (-1.44% to 15.03 euros) fell after the publication of a note by Morgan Stanley lowering its price targets on several European securities sector of television, exposed, according to the bank, to "contrary structural and cyclical winds which intensify".

© 2019 AFP