The CAC 40 index fell 33.38 points to 6,329.30 points.

On Friday the Parisian rating had recovered more than 2%, which had enabled it to end the week on an increase of 1.67%.

China unveiled its worst economic performance in two years on Monday, as the country faces its strongest epidemic surge since the appearance of Covid-19.

The main indicator of household spending, retail sales fell 11.1% year on year in April.

Industrial production was down 2.9% last month over a year, compared to an increase of 5% in March, and the unemployment rate stood at 6.1% in April, at a level close to the absolute record of February 2020.

“The support from the authorities remains too weak and not sufficiently transmitted to the economy to hope for a rebound in growth as long as the confinements remain so important”, underlines Xavier Chapard at La Banque Postale AM ​​(LBPAM).

In Shanghai, the vice-mayor announced on Sunday a "gradual" reopening of businesses from Monday, after more than a month of strict confinement.

In Beijing, the 22 million inhabitants fear that containment will be declared.

In addition, concerning "the United States, the consensus of economists has lowered its growth forecast for 2022", which "reflects the rapid deceleration of the economy", adds the LBPAM analyst.

In Europe, as a direct result of Russia's invasion of Ukraine, Finland announced on Sunday its bid to join NATO, and Sweden is set to do the same after a decisive green light from the ruling party. .

The Russian president called Finland's decision a "mistake".

Moscow had previously threatened "military-technical" reprisals, without specifying which ones.

Renault sells Avtovaz

The Renault automobile group has confirmed the sale of its stake in the Russian manufacturer Avtovaz to the Russian State and specified that it would keep the option to buy back its shares for six years.

Its title lost 1.10% to 23.24 euros.

© 2022 AFP