(News Bulletin 247) – The CAC 40 is stable at mid-session this Monday as the market looks towards the war between Israel and Hamas.

The Paris Stock Exchange is hesitant at the start of the week. The CAC 40 rose 0.1% to 7,009.37 points this Monday at mid-session while the market is still looking towards the Middle East.

This Monday, more than a million people fled in panic from the north of the Gaza Strip, while Israel continued on Monday to mass troops on the outskirts of Palestinian territory in preparation for an imminent ground offensive against Hamas, AFP reported.

“The risk for the global economy in the short term remains, in our view, an extension of the conflict which would involve Iran. Markets still seem to remain calm, with rates stable and markets up slightly this morning in Asia. This seems reasonable as long as the central scenario is not strongly altered by events” in the region, analyzes Xavier Chapard of LBPAM.

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Hyper volatile Atos

“The events of the weekend are unlikely to allay fears of a widening crisis, with Hamas firing rockets into Israel from Gaza, and Israel preparing for its own incursion into Gaza to root out Hamas and seek hostages,” notes Michael Hewson of CMC Markets.

On the value side, the Atos share experienced a sinusoidal movement, going from +20% to currently -4%, the group having announced the departure of Bertrand Meunier, its president, replaced by Jean-Pierre Mustier, while carrying out a update on the progress of the sale of its historic activities to Daniel Kretinsky.

Carmat gains 2.2%, driven by a capital increase of 7 million euros which will allow it to complete the year 2023. The company estimates, however, that it will still need to find 50 million euros of capital. here October 2024.

On other markets, the euro gained 0.2% against the dollar to 1.0532 dollars. Oil prices are sluggish. The December contract on North Sea Brent fell 0.15% to $90.77 per barrel, while that of November on WTI listed in New York gained 0.05% to $87.73 per barrel.