The Paris stock market ended the session with an anecdotal decline of 0.12% to 7,213 points, marking a 4th session of virtual stagnation. The weekly decline nevertheless reached 0.75%.

Caution is the order of the day among investors, all the more so as a tightening of the monetary policies of the major central banks is still a possibility in the short term.

Yesterday's announcement that the eurozone had entered a "technical" recession, marked by two consecutive quarters of negative growth, also reinforced concerns about the health of the global economy.

Against this backdrop, trading volumes have been particularly thin since Monday, just a few days ahead of next week's Fed and ECB meetings.

Deprived of catalysts, the Paris market - like other world markets - seems to have been looking for direction since the end of April.

In the absence of economic indicators, today's session remains particularly quiet, on both sides of the Atlantic.

The easing of tensions on the interest-rate market could nevertheless encourage a small rise in bonds.

Sovereign yields are easing at the margin: the yield on the 10-year German Bund, the benchmark rate for the eurozone, is down 2.2 points to 2.40%, while our OATs are down 6 points to 2.917%.
By contrast, the 10-year US bond is down 4 points to 3.751%.

The dollar edged up against the euro, which lost 0.25% to $1.0755/euro.
Oil is also set to end the week on a negative note, despite the announcement last Sunday of further OPEC production cuts.

A barrel of US light crude (WTI) is trading at $71.35, while North Sea Brent is up to $76 (+0.6%).

The big winner of the week so far is gold - with a 1% rise to $1.960/ounce, with the yellow metal continuing to benefit from robust demand, supported in particular by the risks weighing on the US economy

In French company news, Wallix, a cybersecurity software publisher, announced on Friday that it had completed a €10.5 million fund-raising, a dilutive operation that caused its share price to fall sharply.

On Wednesday June 7, Thales announced that it had completed a fixed-rate bond issue of 500 million euros with a 6-year maturity and a coupon of 3.625%.

Finally, EDF announced the success of its hybrid bond issue for a nominal amount of US$1.5 billion, and the continuation of the contractual repurchase offer announced on June 6, 2023.

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