The star CAC 40 index fell by 0.63%, or 43.91 points, to 6,863.45 points, around 10:10 a.m. (09:10 GMT).

On Monday, the Parisian rating had taken 0.68% and exceeded for the first time since the start of the conflict in Ukraine the threshold of 6,900 points.

But comments from US central bankers on Monday reaffirming their desire to keep interest rates high for a while dampened investor hopes.

A speech by Jerome Powell, chairman of the Federal Reserve, the US central bank, scheduled for Tuesday, will therefore be scrutinized by investors.

“After the latest employment figures, Mr. Powell could give + a short sentence + to interpret the recent drop in hourly wages positively or not”, affirms Christian Parisot, for the broker Aurel BGC.

The New York Stock Exchange ended in disarray on Monday, unable to confirm Friday's rebound.

A wait-and-see attitude is also beginning to set in ahead of the US consumer price index figures in December and the start of the corporate earnings season.

The rebound in industrial production in France has not brought new impetus to the Paris market.

Production increased by 2% over one month in November, after two consecutive months of decline, thanks in particular to the manufacture of capital goods which rose by 5.3%, INSEE announced on Tuesday.

Since the beginning of the year, the Parisian place has been buoyed by data showing the slowdown in inflation in the euro zone, the economic reopening of China and the hope that the American economy will experience a soft landing after the tightening. US central bank monetary policy.

Unclear outlook for EssilorLuxottica

The action of the global optical giant EssilorLuxottica fell 2.39% to 171.65 euros, penalized by a note from RBC analysts who believe that the title could experience a year 2023 less solid than 2022 due to the reversal of positive factors.

Its low exposure to China is no longer an asset in a context of economic reopening of the country, for example, and the demand for glasses in the United States could fall.

Luxury takes a break

RBC analysts estimate in a second note that the luxury sector will experience turnover growth of more than 7% in 2023. This prospect, however, dampens the enthusiasm of investors (the shares of the three French giants have already taken around 10% since the beginning of the year).

Tuesday, LVMH fell by 1.08% to 751.40 euros Tuesday, Kering by 1.42% to 519 euros and Hermès by 0.56% to 1,601.50 euros.

© 2023 AFP