(BFM Stock Exchange) – The Parisian index closes under 7,700 points this Tuesday, June 17, weighted by the military confrontation between Israel and Iran and bad consumption figures in the United States.

The Paris Stock Exchange was in the hard time this Tuesday, June 17, weighted by the geopolitical tensions to which are added a bad American indicator. Its star index, CAC 40, ends up 0.76% to 7,683.73 points.

The Paris market is evolving according to developments on tensions in the Middle East, while the conflict between Israel and Iran entered its fifth day. This Tuesday, Tehran announced a new wave of attacks against the Hebrew state.

If the military conflict in the Middle East concentrates the concerns of investors, the news has also been led by the publication of a bad American indicator.

The American consumer blues

The trade war has undermined the engine of growth in the United States. Retail sales fell more strongly than expected in the United States in May, by 0.9% while the consensus awaited a slightly less pronounced drop (-0.6%)

“The retail sales report of May confirms that gloom is installed among consumers. Beyond the high variations of the last months, who are themselves explained by the volatility of car sales caused by pricing announcements, household consumption is without real trend. As for the labor market, developments are not sufficiently negative to move the Fed but they are sufficiently for alert”. DRUT, head of strategy and economic studies.

Note that it is this Wednesday that the American Federal Reserve (Fed) will render its decision as a monetary policy. The market expects the Fed to maintain its rates unchanged after this two -day meeting.

“Given the uncertainties to which the markets are confronted, it is difficult to predict whether anticipations will change significantly. On the one hand, Fed members could now take into account higher actual customs prices and, the first signs of their impact on inflation starting to be felt, some could adopt a more cautious approach. are likely to blacken the table in inflation a little.

FDJ United has a ticket with an analyst

On the values ​​side, FDJ United increased by 2.9%, taking advantage of the interest of JPMorgan who started the coverage of the file on Tuesday morning to “overlap” with a price target of 42 euros.

On the Front of Small and Middle Capitalizations, Sales-United States resumed 3.6% after the publication of half-yearly accounts in accordance with management expectations.

On the foreign exchange market, the euro yields 0.2% against the dollar to 1.1535 dollars. Oil advances against a backdrop of tensions in the Middle East. The August contract on the Brent de Mer of the North jumped 2.6% to $ 75.11 per barrel while that of July on WTI advances 2.6% also at 72.05 dollars per barrel.