The star CAC 40 index took 41.36 points, to 5,972.42 points, around 9:40 a.m.

Last week, he had lost 2.34% to finish at 5,931.06 points.

Trading volumes should be reduced during this session, in the absence of American investors, resting for their national holiday.

This drop in liquidity may artificially amplify certain market movements, both up and down.

The Parisian index has tried to rebound several times, but its latest attempts, including the most recent in the second half of June, have all fizzled so far, and the CAC 40 ended the first half with a drop of 17. %.

"After inflation and then the aggressive rhetoric from central banks, market fears are increasingly focused on the risk of recession", which is "significant in the coming quarters", explains Xavier Chapard, member of the research team. and strategy of Banque Postale AM.

In the short term, the weak economic outlook is not always unfavorable to the indices.

“Increased pessimism stabilized equities” at the end of last week, investors betting that the slowdown in activity is pushing central banks to ease off on medium-term monetary policy tightening, analysts at Deutsche Bank.

But the positions of the central banks remain subject to many risks.

For Mr. Chapard, "inflation should slow more slowly than the markets anticipate, which will limit the ability of central banks to support the economy and the markets" in 2022.

On the stock exchange, TotalEnergies leads the movement of the CAC 40 (+3.15% to 51.73 euros), followed by Alstom (+2.61% to 22.44 euros) and Air Liquide (+1.24% to 128 .52 euros).

Pepy at the bedside of Orpea

Guillaume Pepy, former CEO of the SNCF, "will be proposed to chair the new board of directors" of Orpea, said Sunday evening the private group of retirement homes, in turmoil since the publication in early 2022 of the book investigation "The Gravediggers".

The title took 1.81% to 23.10 euros, but is still down nearly 75% since January 1.

Schneider Electric finalizes its departure from Russia

The French electrical equipment and industrial automation giant Schneider Electric (+0.52% to 111.84 euros) announced on Monday that it had signed the framework agreement providing for the sale of its activities in Russia to its local management team, as announced in april.

© 2022 AFP