The CAC 40 index fell 88.14 points to 5,676.87 points.

The day before, the Parisian rating had rebounded slightly by 0.19%, after a very volatile session with a decline of 2% in the afternoon.

The session was "marked by risk aversion", notes Lionel Melka, director of research at Homa Capital.

Investors expect central bank action to fight inflation to continue, which will translate into further rate hikes, increasing the risk of an economic recession.

Especially since the rise in prices in Germany jumped in September to 10%, the highest since December 1951.

The rise in prices linked to the energy crisis should also contribute to the country's entry into recession with a decline in GDP of 0.4% next year, according to forecasts from the main economic institutes published on Thursday.

After Fedex's warning that it expects worse-than-expected results in the next quarter, "the next earnings season looks bad," said Mr. Melka.

The values ​​of the CAC 40, which are very dependent on the economic situation, were neglected, in particular the automotive sector such as Faurencia (-14.71% to 10.87 euros), Plastic Omnium (-13.25% to 13.23 euros), Valeo ( -8.79% to 15.25 euros), as well as Renault (-7.06% to 27.37 euros) and Stellantis (-4.74% to 12.22 euros)

The food distribution sector fell sharply on Thursday in European markets, after the Belgian Colruyt warned that its consolidated result would decrease "considerably" in 2022-2023 under the effects of inflation.

Shares of Carrefour (-5.56%), Casino (-5.89%) suffered.

The group of private nursing homes, shaken since January by a scandal involving its practices, fell into the red in the first half due to asset write-downs and expects a difficult second half.

The action fell 21.41% to 10.50 euros.

© 2022 AFP