Financial markets continue to brood.
The CAC 40 dropped 2.75% on Monday to 6086.02 points.
Frankfurt lost 2.15%, London 2.32%;
and the European EuroStoxx 50 index fell 2.82%.
In one week, the Paris Stock Exchange lost more than 5%.
It now yields nearly 15% since the start of the year.
The clouds have been gathering lately on the stock market, with the war in Ukraine continuing to produce its harmful effects, confinements in China, galloping inflation and rising interest rates.
As a result, investors are massively turning away from assets deemed risky.
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American tech giants are on the front line.
The Nasdaq has just aligned its fifth weekly decline in a row.
Since the beginning of the year, it has plummeted by almost 25%.
cccFor years, the Fed had been pouring mountains of dollars into the markets.
This overabundant liquidity has been largely invested in stocks and particularly in the stars of the Nasdaq.
The rise in interest rates changes the situation insofar as investors find returns in low-risk investments.
In the United States, the yield on ten-year “treasuries” has more than tripled since the start of the year, rising from 0.9% to more than 3%.
The movement is general.
Interest on the German 10-year Bund, the benchmark for the euro zone, has climbed to more than 1% lately, when it was negative in mid-December.
Risk aversion is also hitting cryptocurrencies hard.
After a year of all records in 2021, bitcoin continues to sink.
It has lost more than 27% of its value since the start of the year and more than 50% from its highs of last November.
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Ballasted by fears of an economic slowdown, oil prices are also falling.
The barrel of Brent fell nearly 5.5% on Monday, to 107 dollars, far from its peak of nearly 140 dollars at the beginning of March.