The CAC 40 index fell 26.04 points to 6,047.31 points.

Friday, he had signed his best progress in three months, of 3.23% and ended the week on such a positive balance (+3.24%).

The Parisian rating had started the session at the same pace, but tipped into the red at midday, a trend accentuated after the opening of the American markets.

"The variation is not of the same magnitude, but there is a symmetry between the rise at the end of last week, linked to the easing of the bond market, and the drop of the day, while rates are rising", notes Daniel Larrouturou , equity manager at Dôm Finance.

After the spectacular fall in the interest rate of the French 10-year loan during the last three sessions last week, from nearly 2.33% to 1.96%, the rate started to rise again on Monday to reach 2 .07%.

Following the sharp decline in the markets since the beginning of June, the rise of the week "was also made on technical movements. There were calls for air to go up, with rebounds of 5 to 10% on securities. But when there are no new catalysts, the temptation to take profits is strong", supports Mr. Larrouturou.

The program for the rest of the week will be busier, with in particular the publication of new data on inflation in the eurozone and the United States.

The heads of the European, American and British central banks must also take the floor, in interventions constantly scrutinized by the markets to gauge the possibility of a more or less significant tightening of monetary policy in the coming months.

The titles which had progressed the most last week having benefited from the fall in interest rates, such as in luxury goods and technology, found themselves this time at the bottom of the pack.

Kering lost 1.16% to 496.65 euros, LVMH 1.23% to 580.20 euros.

Dassault Systemes 0.85% to 36.33 euros.

© 2022 AFP