The star CAC 40 index fell 82.12 points to 5,979.47 points, closing below 6,000 points for the first time since mid-July.

On Monday, it had fallen by 0.26%.

“We are in a very busy week with several central bank meetings”, those of the United States, the United Kingdom, Sweden, Japan, and “the Italian elections this weekend”, lists Clémence de Rothiacob, manager of Richelieu Gestion.

Les investisseurs se préparent à une nouvelle forte hausse du taux directeur de la banque centrale américaine (Fed), qui se réunit mardi et mercredi, pour lutter contre l'inflation.

Les analystes s'accordent globalement pour prévoir une troisième hausse de 75 points de base consécutive, même si certains envisagent même 100 points de base.

Cette perspective fait grimper les taux obligataires, déjà poussés très haut par les précédentes hausses de taux des banques centrales.

Le taux d'intérêt de l'emprunt français à 10 ans a atteint la barre des 2,50% mardi, un plus haut depuis janvier 2014, et valait 2,47% vers 18H10 (16H10 GMT).

Sovereign yields also climbed elsewhere in Europe and the United States, where the 2-year rate, which better reflects monetary policy expectations, was only a breath away from the symbolic threshold of 4%, which it has not crossed since October 2007.

Additional stress factor for the European bond market: "Tonight, Christine Lagarde will give a speech" on the monetary policy of the European Central Bank (ECB), recalls Clémence de Rothiacob.

"It is expected to confirm the continuation of monetary tightening, there is no reason for the ECB to tone down its rhetoric."

Real estate is bogged down

Real estate values, a sector that reacts badly to high interest rates, according to Clémence de Rothiacob, have lost ground.

The trend affected office and commercial space rental companies URW (-4.29%), Klepierre (-4.39%) and Gecina (-4.12%) as much as builders such as Bouygues (-2 .07%), Eiffage (-2.16%) or Vinci (-1.62%).

Horse betting for the FDJ

La Française des Jeux rose 1.28% to 31.76 euros, after announcing on Monday that it was in exclusive negotiations to buy ZEturf, "second operator of the French market for online horse betting" behind PMU.

Founded in 2001, ZEturf has around 20% market share in France in online horse racing betting and is present in the Netherlands, Belgium and Spain.

© 2022 AFP