(News Bulletin 247) – The Paris Bourse concedes a few fractions of a percentage on Monday, after a fairly dull session, in the absence of many operators. The CAC 40 closed down 0.2% but maintained the 7300 points.

Sluggish start to the week on the Paris Stock Exchange, in the absence of many investors who had left to take to the skies for Pentecost. Balanced at mid-session, the Parisian index closed slightly down 0.21% to 7,303.81 points, in anemic volumes, with only 1.47 billion euros traded.

The cruel lack of animation of the Parisian place is explained by the closure of many places, since Wall Street, the London Stock Exchange or that of Oslo closed their doors on this Monday of Pentecost. Not to mention that French investors may have taken a holiday on the same day, Whit Monday being a public holiday, even if many companies choose this day as a “solidarity day”.

The market has therefore struggled to move forward while the agreement reached between Republicans and Democrats to raise the debt ceiling has yet to pass the caudine forks of Congress, where each camp could express its dissatisfaction with the compromise found. The vote will take place on Wednesday in the House of Representatives, then a priori Friday or Saturday in the Senate, according to the leader of the Democrats, Charles Schumer, quoted by AFP.

Regarding the other major events of the week, the most important will take place on Friday with the publication of the US employment report for the month of May.

Note that the Istanbul Stock Exchange closed up 4%, recording Erdogan’s victory in the Turkish presidential election on Sunday.

Orpea steps back

In terms of values, few titles have distinguished themselves on the Parisian market. Orpea fell 2.6% after announcing that the Financial Markets Authority had granted a waiver to a group led by Caisse des Dépôts on the obligation to make a mandatory public offer (OPA). This group is to take control of the company following the financial restructuring planned by the group.

On other markets, the euro fell 0.15% against the dollar to 1.0714 dollars. For its part, oil is sluggish. The contract for July on Brent from the North Sea yields 0.5% to 76.62 dollars a barrel while that of the same expiry on WTI listed in New York is down slightly by 0.2% to 72.55 dollars per barrel.