The Parisian market opened up slightly before turning back quickly.

Around 10:30 a.m., the CAC 40 index lost 0.39% to 6,658.08 points, after ending up slightly by 0.37% on Friday.

"Obviously, the situation in Ukraine continues to be a concern for the markets, however any economic data is now carefully considered to measure the impact that the war is having on the trajectory of economic activity", reports Sebastian Paris Horvitz, analyst for LBPAM.

A sign that the market is anticipating accelerated monetary tightening in the United States, but also fears its consequences on growth, 2-year US government bond rates remained above 10-year rates.

Markets, which are awaiting an indication of the size of the next rate hike by the US central bank (Federal Reserve, Fed), will be attentive to the speeches of several members of the Fed this week and to the minutes of the last meeting. of the institution's monetary policy which will be released on Wednesday.

"The markets, in the coming weeks, should remain very volatile in the face of the considerable number of uncertainties which make the economic outlook difficult to grasp," said Mr. Horvitz.

Ukraine on Sunday accused the Russian army of committing a massacre of civilians in Boutcha, near kyiv, which is expected to lead to new Western sanctions against Moscow this week.

President Emmanuel Macron declared himself on Monday "in favor" of the European Union deciding on new sanctions vis-à-vis Russia, referring to oil and coal.

The corporate results season, which is just around the corner, also presents a risk for the equity market, which should focus on the outlook revealed during these publications.

And this in a "context which will still be dominated for a time by decelerating growth, high inflation and monetary tightening, the extent of which remains a major subject of debate", underlines the expert.

- Taking office of the new CEO of Orange

Christel Heydemann, appointed CEO of Orange at the end of January, takes up her new duties on Monday with many challenges to overcome, before the arrival of a new president at her side, scheduled for the end of the general meeting in May.

The action yielded 0.43% to 10.73 euros.

- Altrad acquires Endel

The service provider Altrad announced on Monday the effective acquisition of Endel, an industrial maintenance subsidiary of Engie, present in particular in the nuclear industry.

The Engie title took 0.82% to 12.02 euros.

© 2022 AFP