(News Bulletin 247) – The CAC 40 finished higher this Monday but narrowly missed 8,000 points. The flagship Parisian index saw its progress hampered by the decline of Totalenergies, penalized by the heavy fall in oil prices.

The last minutes of trading can be crucial on the Paris Stock Exchange. The Parisian market did not manage to confirm its incursion on the flagship threshold of 8,000 points for not even two points. The CAC 40 therefore ends this first session of June with a starving gain of 0.06% to 7,998.02 points.

The Parisian market rose 0.9% to 8,072.31 points at the day’s high, before seeing its gains reduced over the course of the session with the decline of Totalenergies (-1.63%), weighed down by the plunge in oil prices.

Oil prices are in fact falling sharply, the day after the meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) which marks a gradual abandonment of its policy of reducing supply from the month of october. The August contract on North Sea Brent fell 3.2% to $78.53 per barrel, while the July contract on WTI listed in New York plunged 3.4% to $74.34 per barrel. . The two global benchmarks for black gold have fallen to their lowest levels since February.

Caution is also gaining in the minds of investors at the start of a week marked by several major meetings. On this week’s agenda, the European Central Bank’s monetary policy meeting on Thursday, which should lead, barring any surprises, to a first cut in its key rates. This week will also be punctuated by numerous statistics relating to the job market in the United States, with the ADP report on Wednesday, a prelude to the monthly private employment figures on Friday. Between the two, there are the traditional weekly unemployment registrations like every Thursday.

The market also took note of the deterioration of France’s credit rating. A decision which has no impact on the bond market. The yield on the 10-year French bond fell to 3.097% compared to 3.130% on Friday.

Eiffage stands out, Atos is dark

On the value side, Eiffage gained 1.7%, supported by Goldman Sachs which raised its purchase advice.

Atos, on the other hand, lost 18.3%. The company said it had received two financial restructuring-takeover offers. The first comes from Daniel Kretinsky associated with the Attestor fund, the second from the digital services company Onepoint allied with the investment fund Butler Capital, the company Econocom and certain creditors of the group. But in any case, gargantuan dilution awaits Atos shareholders. The dilution of the two offers amounts to approximately 99.9% each, according to documentation posted online by the company.

On other markets, the euro gained 0.3% against the dollar to 1.0887 dollars.