(BFM Stock Exchange) – The star index ends this first day of the week in withdrawal, pending Wednesday and the decision of monetary policy of the American federal reserve.

The Paris Stock Exchange marks a break to start the week. The CAC 40 fence down 0.55% to 7,727.93 points this Monday, May 5.

The day’s meeting was notably marked by the folds of oil prices. The July Brent of the Northern Brent contract lost another 1.8% to 60.16 Dollars per barrel after falling up to 58.5 dollars per barrel, one lower since February 2021. The contract of the same deadline on the WTI listed in New York abandons $ 2% to 57.11 the barrel.

The courses of black gold remain under pressure, penalized by the announcements of OPEC+, cartel which brings together members of the organization of oil exporting countries and their allies. On Saturday, these members announced that they were going to add 411,000 barrels per day of production in June, the same level as in May. Previously, these countries intended to raise daily production up to 137,000 barrels over the sixth month of the year.

The parapetrollers in the hard

The fall in prices of the barrel lousy the prices of oil and parapetrol groups. Totalnergies sold 0.70% but parapetrolrs, much more volatile than the majors, suffer. Vallourec made 4.4% and Virid abandoned 6.6%. The ex-CGG had also progressed after confirming its cash flow target for 2025, last week.

Market operators were also able to show wait for the major meetings of the week. The most important thing is obviously the monetary policy meeting of the American Federal Reserve (Fed) on Wednesday. The American central bank should leave its rates unchanged, anticipates Barclays.

“We believe that the FOMC (Monetary Policy Committee of the Federal Reserve of the United States) will maintain the unchanged guiding rates in a context of high uncertainty, customs tariffs, increase in inflation and deterioration of household and businesses, and that Mr. Powell will point out that the FOMC is not in a hurry to reduce the rates. Our basic scenario provides two reductions 25 base points this year, in July and September, “said the bank.

The markets, however, read this Monday of a surprise acceleration in April of activity in the tertiary sector in the United States. The ISM of services increased at 51.6 points last month, compared to 50.8 in March. This index was expected at 50.4 points, according to market consensus. However, the sub-index measuring the prices charged increased at 65.1 points against 60.9 points in March.

On the values ​​side, Airbus resumed 2.1% while Jefferies returned to the purchase on the title. The highest increase in CAC 40 at the fence is signed by AXA (+2.4%) while the highest drop is accused by Kering (-2.5%).

On currencies, the euro loses 0.1% against the dollar at $ 1.1311.