The star CAC 40 index lost 58.63 points to 7,129.73 points.

The day before, he had progressed by 0.96%, his only progress session of the week.

In five days, he lost 1.44%, his worst week since mid-December.

"The market needs to breathe and is looking for something to consolidate" after having "bounced back since the beginning of October on expectations of disinflation, which is starting to be a reality", comments David Kruk, head of trading at La Financière de l'Echiquier.

On the bond market, the rate of the French 10-year loan, which is a benchmark, rose to 2.80%, close to its highest level since January 3, after a series of speeches by American central bankers and Europeans this week.

They insisted on repeating that the fight against inflation was not over and that rate hikes were still necessary.

The geopolitical situation may also have prompted some investors to be cautious after the announcement that a cruise missile flew over Moldova, which decided to summon the Russian ambassador.

From now on, according to David Kruk, "the question is to know what will be the traction relays of the markets, to know what new information will make it possible to go up further".

Corporate results reported so far have been rather mixed, with some expressing a gloomy outlook for 2023 and concerns about US consumption.

L'Oréal still record

Despite the health crisis in China and inflation, cosmetics giant L'Oréal announced new record results for 2022 on Thursday and said it was "confident" for this year, as the Chinese market reopens.

"Quantity is good, but quality?"

wonder RBC analysts, cautious about the title.

The action fell slightly by 0.83% to 375.60 euros.

Aperam background

The stainless steel producer Aperam fell 7.40% to 33.66 euros, the worst variation of the broader SBF 120 index, after the publication of its annual results, which highlighted the drop of a third of its benefit.

"Destocking and fears of recession have affected demand, while cost inflation and valuation effects have weighed on results. We believe we have crossed the bottom of the cyclical wave", underlined the boss of the Timoteo group. say Maulo.

The defense sought

The renewed geopolitical worries and the good results of the Swedish arms and aeronautics group Saab boosted the values ​​of the defense sector.

Thales jumped 2.52% to 122 euros and Dassault Aviation 1.11% to 155.30 euros.

Today's winners and losers

The TotalEnergies share finished at the top of the CAC 40 with a rise of 2.59% to 59.35 euros, galvanized by the jump in oil prices.

Conversely Worldline lost 5.03% to 40.24 euros, despite the good results presented by the American group of electronic payments Paypal.

Orpea jumped 50% to 3.66 euros on Friday and has taken more than 30% since the start of the week.

The variations of the action are erratic since the announcement at the beginning of February of the arrival in the capital of the Caisse des dépôts (CDC) and of a reorganization of the debt of the group.

© 2023 AFP