(BFM Stock Exchange) – The Parisian index closes more than 1% this Friday, June 13, undermined by a risk aversion movement following the Israeli attack against Iran. Over the week, the CAC 40 retrocesses 1.54%.

It was an agitated weekend on the Paris Stock Exchange, shaken by one of the threats that the market feared, namely a conflagration of the situation in the Middle East. Israel attacked Iran on Friday to Friday to Friday, affecting military sites and nuclear installations. Iran retaliated, Israel announcing that Tehran had launched around 100 drones towards the country.

After these announcements, the CAC 40 fence down 1.04%, thus returning under 7,700 points, to 7,684.68 points. The Paris market has been penalized by a general risk aversion movement, investors fearing that tensions between Tehran and Tel Aviv penalize global economic growth.

“The coming days will tell us at what risks we are going to be confronted, but they are clearly negative for the world economy,” said Sébastien Paris Horvitz, of LBPAM.

The “Poudrière” jumps

“We can only fear an escalation. In fact, the scholarships react negatively (…) and the price of oil flies away, reaching a price around $ 75 a barrel (Brent), its highest level since the start of the year,” continues the economist.

The August contract on the Brent de Mer du Nord took more than 12%. The international benchmark for oil prices further advances from $ 6.1% to $ 73.62 a barrel while the July contract on the WTI listed in New York was appreciated from $ 72.35 per barrel.

“The Middle East powder maker has just blowed up the world market cover (…) This time, the flames are no longer metaphorical,” comments Stephen Innes, of SPI AM. The expert fears that a closure of the Ormuz Strait, by which 21% of world oil consumption, aggravates the situation.

“If the Strait of Ormuz, which represents 20% of the world’s world flows, is in the radius of the explosion, you can add $ 15 per barrel,” he said.

These tensions between Israel and Iran have overshadowed an index of confidence of the American consumer who progressed more than expected in June. According to a preliminary estimate of the University of Michigan, this index rebounded at 60.5 points this month, against an increase expected at 53 points by the consensus after a 52.2-point index in May.

On the business side, the oil and parapetrolle values, which were well oriented, closed slight increase. Totalnergies grabbed 0.1%, just like Vallourec or Virid. Conversely, Air France-KLM rendered 4.7%, the fuel invoice constituting one of the largest expenditure posts for airlines.

Soitec dropped 6.4%, weighed down by a lowering of recommendations from Jefferies, which degraded its opinion to keep and lowered its price target to 50 euros.

On currencies, the euro loses 0.4% against the dollar at 1.1559 dollars.