The Paris stock market was down 0.5% this morning, at around 7,275 points, at the start of what promises to be a quiet week, due to the summer period and as the results season draws to a close.

Last week, the Paris index fell by more than 2.2%, penalized by the sudden surge in long-term interest rates.

Global markets, already worried about the uncertainties surrounding world growth, were cooled by Fitch's downgrading of US debt, which rekindled tensions on the bond market.

In the United States, the sudden upsurge in nervousness about long-term interest rates led to a rise in yields, making equities mechanically less attractive, especially technology stocks.

Although it is beginning to ease slightly, the yield on ten-year US Treasury bonds, which is always closely watched, remains above the symbolic 4% mark.

On the European market, the German ten-year is still trading at a very high 2.56%.

The next test comes on Thursday with the publication of monthly consumer price statistics in the USA, which could prove resilient due to the recent rise in energy prices.

In news from French companies, Eutelsat Communications announces the signature of a partnership agreement with Space Tech Innovation Limited (STI), a subsidiary of Thaicom, for the operation of a new satellite to be located at orbital position 119.5° East for coverage of Asia.

Biocorp announces that, following receipt of the usual regulatory approvals, Novo Nordisk has completed its off-market acquisition of a total of 2.838,669 shares, representing 64.3% of the company's capital and 64.09% of its voting rights, for a price of 35 euros per share.

Poujoulat reports sales for its first quarter (April to June) up 8.5% year-on-year, to 75.7 million euros, 'exceeding expectations and demonstrating the strength of its growth', according to the group.


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