(BFM Stock Exchange) – The Parisian index ended the day from Monday up Monday, monitoring the evolution of the situation in the Middle East. On the business side, Luca de Meo left Renault to take the direction of Kering. The luxury group formalized the arrival of the ex-boss of the brand at the diamond after the closing of the European markets.

It was a day rich in news on the Paris Stock Exchange this Monday, June 16. Its Parisian index increases up 0.75% to 7,742.24 points.

Investors continue to monitor the situation on fire the situation in the Middle East, which has been won this weekend, between Israel and Iran. Investors keep their composure, and hope that this conflict does not extend to the whole region.

“The fact that the situation (between Israel and Iran, Editor’s note) remains under control and that there is no total collapse in the Middle East, or war (…) for the moment, has allowed the markets to blow a little,” judged AFP Adam Sarhan, 50 Park Investments.

According to the Wall Street Journal, Iran would like “the end of hostilities and the resumption of negotiations on its nuclear programs”. Tehran would have sent “messages to Israel and the United States through Arab intermediaries,” Middle East and European officials told the American media.

Oil falls

This wish for appeasement loaned to Iran has the oil prices drop. After progressing by 5% at the start of the day, the August Brent de Northern contract fell from 3.4% to $ 71.70 a barrel. That of July on the WTI listed in New York abandons 3.45% to 68.83 dollars 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.

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 dive of 8.7% of the action of the automotive group.

Kering, which jumped 11.8%, formalized this Monday after the closure, the arrival of Luca de Meo as managing director of the luxury group. He will take office on September 15.

Excluding CAC 40, EXAIL Technologies won 6.2% after announcing new contract signatures.

Antin resumed 4.65%. 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 foreign exchange market, the euro advances 0.4% against the dollar at 1.1581 dollars.