(BFM Stock Exchange) – The CAC 40 gives in the mid -session of this Monday, June 9, lacking catalyst to find a new momentum.

The Paris Stock Exchange is playing on a cautious note this Monday, June 9. In starry volumes, hardly helped by Pentecost Monday, the CAC 40 fell 0.15% to 7,792.97 points in the early afternoon.

The Paris market lacks catalyst to progress. Market operators, however, monitor the new discussions between China and the United States on customs duties that start this Monday in London on Monday. With the hope that the fragile commercial truce between the two countries will be extended.

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Disappointing Chinese data

As for economic statistics, inflation in China fell for the fourth consecutive month in April. “This trend could suggest that Beijing recovery measures have not yet been sufficient to stimulate domestic consumption in a context of persistent trade tensions,” writes Deutsche Bank.

In addition, exports from the country fell 34% in the United States in May while they increased by 11% with the rest of the world, suggesting that the commercial break with Washington has not resulted in a strong recovery and that China has sought other “avenues” to sell its goods, underlines Deutsche Bank.

On the side of values, no big movement if not on spirits. Rémy Cointreau took 5.4% and Pernod Ricard advances 2.7%.

An analyst evokes a “potential” technical rebound to explain these movements after these two titles were put under pressure last Thursday. Brown-Forman, owner of Jack Daniels then issued a warning on results, and his action had unscrewed by 18%. Rémy Cointreau had lost 3.2% and Pernod Ricard had yielded 5.1%.

In other markets, the euro advances 0.1% against the dollar at 1.1409 dollars. Oil is advancing. The August contract on the Brent de Mer du Nord takes 0.6% at 66.87 Dollars per barrel while that of July on the WTI listed in New York gains 0.6% at 64.94 Dollars per barrel.