(BFM Stock Exchange)-The Parisian index is gaining ground at mid-session, monitoring the evolution of the situation in the Middle East. While Luca de Meo left Renault and could take the direction of Kering, the action of the manufacturer falls while that of the luxury group leaps.

Day in charge for the CAC 40, this Monday, June 16. But rather fruitful for the time being. The Parisian index advances 0.8% at mid-session at 7,745.35 points.

Investors continue to monitor the situation in the Middle East that has been invented this weekend.

Saturday and Sunday, the offensives of the two countries continued. On Saturday, Tel Aviv attacked the South Pars gas deposit in southern Iran. It is the largest gas reserve in the world, shared between Iran and Qatar.

This bombing shows that Israel does not hesitate to target Iran’s energy infrastructure. According to Bloomberg who quotes the Israeli agency Tasnim, this attack, which targeted section 14 of the gas field, forced the closure of a production platform on the gas field.

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Oil is retreating

However, oil prices do not ignite. On the contrary. After having increased by 5% at the start of the day, the August contract on the Brent de Mer of the North fell 0.5% to 73.86 dollars per barrel. That of July on the WTI listed in New York loses 0.45% to $ 72.65 per barrel.

“Although the two parties have exchanged reprisals, they have so far avoided the most extreme climbing measures. In the case of Iran, they have so far avoided targeting American facilities in the region, which would most likely trigger direct intervention by the United States,” notes Deutsche Bank. “The United States has the power and the desire to contain the situation,” said Janiv Shah, analyst at Rystad Energy, quoted by AFP.

“At the same time, the other OPEC+ countries still have significant available production capacities. The shock would be much more massive if maritime traffic via the Strait of Ormuz was at risk, since 20% of world oil circulates by this strait,” explains Xavier Chapard de LBPAM. “As long as tensions are increasing, this could justify a slightly higher short-term risk premium on oil and risky assets,” he adds.

De Meo drops Renault … and leap Kering

On the values ​​side, the session is especially marked by the departure of Luca de Meo, managing director of Renault. The manager announced on Sunday that he left the group in the diamond, which caused a 6.9% withdrawal of the action of the automotive group.

Figaro information reports that Luca de Meo will take the general management of Kering. Asked, the luxury company did not comment. Renault, for its part, said that its leader would take up new challenges outside the automotive sector. Kering action jumped 9.1%.

Excluding CAC 40, EXAIL Technologies wins 6.9% after announced new contract signatures.

Antin takes 5%. In a note, Jefferies has confirmed its advice to purchase, believing that value will benefit from the growth of infrastructure, a predilection sector of the investment company.

On the exchange market, the euro advances 0.2% against the dollar at 1.1577 dollars.