The CAC 40 index sank 54.56 points to 6,534.79 points, after a four-day weekend.

On Thursday, the Parisian rating had ended up 0.72% after the meeting of the European Central Bank which had given no precise timetable for a possible increase in its key rates.

The Parisian rating started the day in the red, losing around 1% until the opening of Wall Street, after pessimistic prospects for global growth reported by two institutions.

Due to the explosion of inflation, the war in Ukraine and the severe restrictions which continue in China in the face of Covid-19, the World Bank has indeed lowered its outlook for global growth for 2022 to 3.2%. , against 4.1% expected in January.

The International Monetary Fund also sharply lowered its global growth forecast for 2022 on Tuesday due to the "seismic waves" caused by the war in Ukraine and warned that inflation was set to last, especially in emerging countries.

Regarding the euro zone, the Washington institution now expects growth of 2.8%, down 1.1 points from its previous forecast in January.

The French economy should grow by 2.9% (-0.6 points compared to January) and the forecast for Germany drops by 1.7 points to 2.1%.

The bullish trend on Wall Street, however, helped to limit the decline of the Paris Stock Exchange, with corporate results appearing as "reason for hope for the equity markets, because we can still expect higher profits in the first quarter" , according to Valentin Bulle, asset manager at Dôm Finance.

Leaded luxury

Luxury stocks lost ground in the face of inflationary pressures, retail sales at a two-year low in China and rising bond yields.

L'Oréal, which has just presented its results, lost 2.90% to 350.95 euros, Hermès 3.62% to 1,237 euros, LVMH 0.92% to 634.10 euros and Kering 0.73% to 529 .90 euros.

Stellantis suspends the activity of its Russian factory

In the automobile, Stellantis (+ 2.41% to 13.35 euros) announced the suspension of the activity of its only Russian plant in Kaluga (southwest of Moscow), due to international sanctions hitting Russia and lack of parts.

© 2022 AFP