(News Bulletin 247) – The Paris Stock Exchange is regaining some color this Monday evening after recording its worst weekly performance since July. The CAC 40 closed up 0.50% at the start of a high-risk week.

The Paris Stock Exchange begins this new week on a positive note, after having recorded its worst weekly performance since July (-2.67%), sending the flagship Parisian index to its lowest levels of the year.

However, the start of the session was more than feverish. The Parisian market was still weighed down by the surge in bond interest rates, including that of the United States which exceeded 5% for the first time since November 2007 at 5.013%, before falling significantly below this psychological threshold to 4.862 %, at the close of European markets.

This slight ebb has at least the merit of giving a little fuel to the CAC 40 which was sorely lacking in recent sessions. It closed for the first time in three sessions up, by 0.50% to 6,850.47 points Monday evening.

>> Access our exclusive graphic analyses, and gain insight into the Trading Portfolio

A week full of major events

The markets remain attentive to developments in the conflict between Israel and Hamas. The Israeli army has massed tens of thousands of soldiers on the outskirts of Gaza and on its northern border with Lebanon. At this border, deadly exchanges of fire have increased between the army and Hezbollah (a Lebanese terrorist organization), while residents evacuate the border area on both sides, AFP reported.

This week will be marked by the publication of the quarterly results of GAFAM, the American tech giants with Alphabet, the parent company of Google, Microsoft, Amazon and Meta (the owner of Facebook). All eyes will also be on the European Central Bank which will make its monetary policy decision on Thursday. It is expected to leave its rates at current levels for the first time after 10 consecutive increases.

A nationalization of Atos?

Atos limited its decline to 0.9% after losing up to 14.90% at the end of the morning with the surge in bond yields. “They have fragile feet,” notes an analyst. The action also reacted to a proposal from several parliamentarians to “temporarily” nationalize the IT services group.

Worldline lost 2.3% as the payments group found itself in the headlines on Saturday. A computer failure at the former Atos subsidiary disrupted bank card payments at major clients such as McDonald’s, Carrefour, Auchan and Ikea for a little less than an hour on Saturday.

Dassault Aviation gained 1.2% while La Tribune reported that Riyadh is considering an order for several dozen Rafale aircraft.

On other markets, the euro is stable against the dollar at 1.0596 dollars. Oil contracts are declining. The barrel of Brent from the North Sea for December lost 1.4% to 90.77 dollars per barrel. That of December on WTI listed in New York dropped 1.7% to 86.56 dollars per barrel.