The control room of Euronext, the company that manages the Paris Stock Exchange ERIC PIERMONT
The Paris Bourse continued its decline on Monday morning (-1.89%), weighed down by the health restrictions taken by certain European countries on the eve of the end of year celebrations.
At 9:20 am, the CAC 40 index fell by 130.77 points to 6,795.86 points. Friday, the Parisian rating had fallen by 1.12%.
The market environment “remains fragile, mixed with concerns about rising inflation that central banks seek to contain and a virus that threatens to overwhelm global healthcare systems,” writes Michael Hewson, analyst at CMC Markets.
Against this backdrop, investors remain nervous after the US Federal Reserve decided to cut back more quickly on measures that have supported the world’s largest economy throughout the health crisis.
This policy change is expected to result in three interest rate hikes in 2022.
The stock market indices initially reacted well to the Fed’s announcement that raises monetary uncertainties, but now they are worried about the end of the era of cheap money and the consequences of the rate hikes in the most valued sectors.
In addition, “Omicron remains a concern and cases of contamination are soaring,” observes Robert Schein at Blanke Schein Wealth Management.
In the Netherlands, all non-essential shops, restaurants, bars, cinemas, museums and theaters closed on Sunday until January 14.
In Germany, the group of experts advising the government sounded the alarm on Sunday against the spread of the Omicron variant and called for further reductions in contact with the population “as soon as possible”.
In France, the Minister Delegate in charge of Industry Agnès Pannier-Runacher announced that she tested positive for the Covid-19 virus on Sunday.
Moreover, investors take a dim view of the fact that the American Democratic Senator Joe Manchin has announced that he will reject the program of social and ecological reforms which aims to transform America, deeming it too expensive in times of inflation. .