The star CAC 40 index rose 16.09 points to 6,569.95 points.

It rose 1.26% over the whole of last week, a sixth consecutive weekly increase.

On this public holiday in France, in the heart of August, investors were once again far from the trading floors, with a trading volume of barely 1.78 billion euros over the whole of the session, twice less than usual.

The Parisian rating has fluctuated all day around the balance.

The renewed enthusiasm of market players, shaken throughout the first half of the year by the war in Ukraine, inflation and the specter of a recession in several major economic zones, was somewhat dampened during the most much of the session by indicators from China and the United States.

In China, retail sales and industrial production slowed in July and disappointed analysts' forecasts.

In response, the Chinese central bank lowered several of its key rates, hoping to support an economy tested by anti-Covid restrictions and a housing crisis.

In the second part of the session, investors saw the New York area manufacturing activity index see its biggest decline since April 2020.

The companies surveyed "do not expect a great improvement in the economic situation over the next six months", also underlined the Fed, which publishes the indicator.

These figures "highlight the difficulties facing manufacturers today, while the slowdown in domestic demand, high inflation and rising interest rates limit the progress of the sector", commented in a note Oren. Klachkin, economist for Oxford Economics.

Fears of a global recession therefore regained strength, which was seen in particular in the bond market, with a drop in interest rates for government debt, to 1.45% for the French 10-year maturity against 1.54% on Friday.

The oil market also slumped, with prices falling more than 5% during the session.

Shortly before 6 p.m., Brent fell 3.76% to 94.43 dollars and WTI by 3.88% to 88.49 dollars.

New vials for French laboratories

The French analysis laboratory giant Eurofins Scientific has announced the signing of an agreement to become the majority shareholder of the Japanese research and analysis center QSAI, whose activity concerns pesticide screening and food testing.

It took 2.27% to 77.36 euros.

For its part, the third French pharmaceutical company Ipsen announced on Friday that it had concluded the acquisition of Epizyme, which specializes in cancer treatment drugs.

The stock rose 2.05% to 97.30 euros.

raw materials in stock

Like commodity prices, energy stocks suffered on the Paris Stock Exchange.

TotalEnergies fell by 2.35% to 50.71 euros, Eramet by 2.91% to 100.00 euros, ArcelorMittal by 1.31% to 24.12 euros.

© 2022 AFP