(News Bulletin 247) – The CAC 40 fell this Friday at mid-session while bond rates are still weighing on risk appetite.

Barring an improbable last-minute reversal, it will be a week to forget for the CAC 40. The Parisian index lost another 0.41% to 7166.64 points this Friday at mid-session, bringing its weekly drop to 1 .9%.

Although they eased back a little on Friday, bond rates remained at high levels, which weighed on risk appetite. The yield on the US 10-year Treasury bond remained virtually stable at 4.24%.

“Risk appetite seems to be flagging again after several weeks of rebound. China and the United States”, explains Sebastian Paris Horvitz, of LBPAM.

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The ECB to watch next week

“Indeed, the Chinese authorities seem to be moving towards a ban on Apple iPhones for staff working in the public sector. As China accounts for 20% of sales, Apple’s stock has suffered on the stock market, also affecting other names of the big American technology companies”, he develops. The Apple action thus lost more than 6% over two sessions, swallowing up nearly 200 billion dollars in market capitalization.

The market may also exercise a little caution as the European Central Bank holds its monetary policy meeting next week, September 14th. According to a Reuters survey, a majority of economists expect a status quo on rates.

As for values, Worldline is trying to rebound (+2.3%) after losing more than 7% over the last three sessions. On the contrary Renault, which remained on three sessions in the green, suffered releases (-2%).

Note that the SBF 120 will experience a major facelift on September 18, with three outlets (Casino, Antin and Altarea) and three entries (X-Fab, Lectra and Argan).

An IPO should also soon occur on the Parisian coast since Imeon Energy, which designs a solution aimed at improving the performance of solar installations via artificial intelligence, intends to raise 8 million euros on Euronext Growth.

On other markets, the euro gleans 0.06% to 1.703 dollars. Oil is moving up slightly. The November North Sea Brent contract advanced 0.6% to $90.46 a barrel while the October contract gained 0.5% to $87.30 a barrel.