(News Bulletin 247) – The Parisian index fell mid-session on Tuesday, while the market showed a wait-and-see attitude before the meeting of the European Central Bank on Thursday.

China’s influence seems to be waning on the stock markets. The CAC 40 fell this Tuesday at mid-session, losing 0.16% to 7401.56 points.

This decline is observed while the Chinese markets have for once recorded a clear progression. The CSI 300, which brings together large capitalizations from Shenzhen and Shanghai, gained 0.4% and especially Hong Kong gained 2.6%.

According to Bloomberg, the Chinese authorities are considering taking measures worth $278 billion to support their financial markets, via a stabilization fund which would buy shares via the Hong Kong market.

“The question of the sufficiency of support measures arises because foreign investors have fled Chinese markets, scalded by four years of erratic and brutal decisions by Chinese authorities, whether health measures, sudden tightening of regulations, disappearances of business leaders”, points out Alexandre Baradez, head of French market analysis at IG.

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

Lagarde ready to tighten the market?

The meeting of the Bank of Japan, the country’s central bank, did not give rise to any huge surprises. The institution “kept its key short-term interest rate unchanged at -0.1% and that of 10-year bond yields at around 0%, by a unanimous vote, as expected,” notes John Plassard of Mirabaud .

The meeting of the European Central Bank (ECB), scheduled for Thursday, however, remains in the minds of the markets. “European investors could be tempted to take some profits before Thursday’s ECB meeting where Christine Lagarde’s ‘hawkish’ tone could disappoint more than one…” warns John Plassard.

On the value side, TF1 takes almost 10% while Oddo BHF raised its advice from “neutral” to “outperformance”, encouraged by the new “TF1+” streaming offer.

Saint-Gobain gained 1.5% while UBS went from “neutral” to purchase on the issue.

On other markets, the euro fell 0.15% against the dollar, to 1.0869 dollars. Oil is falling. The North Sea Brent contract for delivery in March lost 0.9% to $79.40 per barrel, while that of the same maturity on WTI listed in New York lost 1.4% to $74.11 per barrel. barrel.