(BFM Stock Exchange)-The Parisian index evolves in the red at the mid-session of this Monday, August 18, while the meeting between Donald Trump and Vladimir Putin, held at the start of the weekend, did not lead to any concrete announcement. The American president meets his Ukrainian counterpart this Monday.

The Paris Stock Exchange begins the bad foot week. The CAC 40 fell 0.8% to mid-session of this Monday, August 18, at 7,863.26 points. Market operators integrate all the information that occurred this weekend as part of the Ukrainian file.

The meeting between Donald Trump and Vladimir Putin, which took place in the night from Friday to Saturday, did not give rise to concrete advances. The American president initially intended to reach an agreement acting a ceasefire in Ukraine during this meeting.

Vladimir Putin spoke of “a constructive atmosphere” when Donald Trump described the “productive” meeting. But, the American president now excludes an immediate cease-fire, preferring to lead to “a peace agreement,” reports AFP.

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Ukrainian President Volodymyr Zelensky, as well as several European leaders go to Washington on Monday for a series of interviews with Donald Trump. The European Heads of State and Government will support the Zelensky position and ensure that the White House boarder does not accept a favorable peace plan in Moscow.

Jackson Hole online in sight

Apart from the geopolitical situation, the market will follow the Jackson Hole symposium this week, a sort of large conference of central bankers organized by the American Federal Reserve (Fed). The speech of the president of the Fed, Jerome Powell, will take place on Friday.

This event will arise when investors have significantly noted their reductions in the drop in guiding rates from the American central bank, after a final report on disappointing American employment.

“The term contracts anticipate a drop in Fed rates of more than 100 basic points (a percentage point, editor’s note) in the next 12 months, even if inflation should increase due to customs duties”, points Deutsche Bank. The German bank believes that the valuation of risky assets “appears more and more tense”.

On the side of the values, Thales wins 1%, carried, like the other European defense groups, by the lack of progress towards a cease-fire in Ukraine.

Banks are also poorly oriented on CAC 40, Crédit Agricole SA loses 2.3%, BNP Paribas 2%and Société Générale 1.6%.

Excluding CAC 40, Valneva took 3.3% after winning more than 8% at the start of the session. The group announced that the Canadian health agency had approved teenagers to use its chikungunya vaccine.

In other markets, the euro gives way 0.15% against the dollar to 1.1686 dollars. Oil rises without conviction. The October Brent of the Northern Sea contract earns 0.2% at $ 65.99 a barrel while the September on the WTI on the WTI in New York advances 0.4% to 63.07 Dollars per barrel.