(BFM Stock Exchange) – The Parisian index is playing slightly withdraw this Monday, February 24, while investors dissect the results of the German elections.

The CAC 40 timidly begins the week. The flagship index of the Paris Stock Exchange lost 0.17% to 8,140.94 points at mid-session, this Monday, February 24.

Investors are particularly busy analyzing the results of the German legislative elections. As expected, the Conservatives (CDU/CSU) came to the lead in front of the AFD, the far-right party.

The CDU-CSU should ally themselves with other parties to form a government coalition. Economists believe that the most likely scenario remains that of a large coalition between the CDU/CSU and the SPD (socialist). Environmentalists could possibly join the government, which would lead to a so-called “Kenya” coalition (Black-Vert-Rouge, the colors of the three parties).

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Frankfurt sharply increasing

The Frankfurt Stock Exchange reacts well at the end of this ballot, the Dax 40 taking 0.8%. “The preliminary results of the German federal elections are generally online with expectations, which reassures the markets this morning,” observes Xavier Chapard de LBPAM.

“The CDU/CSU has largely won while being far from obtaining the majority of the seats, and AFD has doubled its score from the previous elections but will not play a role in the new government. It will probably be necessary to wait two months for ‘A government coalition agreement with the SPD is in place, but a coalition has two (rather than three with the Greens) maintains the hope of a government capable of acting and rather pro-business “, he adds.

After these elections, the defense groups advance, Thales and Dassault Aviation taking 1.7% and 2.4% respectively. An increase in military spending in Germany seems in sight.

“The most immediate questions in coalition talks will be immigration and defense. In our opinion, the disputed security architecture in Europe means that it is very likely that the CDU/CSU and the SPD agree In the principle of an increase in defense expenses, “notes Deutsche Bank.

On the values ​​side, the CAC 40 is penalized by the withdrawal of Schneider Electric which abandoned 3.9%, penalized by doubts on demand for data centers, a key segment for society.

In other markets, the euro takes 0.07% against the dollar at 1.0468 dollars. Oil is stable. The April contract on the Brent de Mer of the North evolves $ 74.02 per barrel while the one on the same deadline on the WTI listed in New York is 70.37 dollars per barrel.