The star CAC 40 index advanced 22.90 points to 7,034.40 points around 9:55 a.m. v-zwoelf studio / stock.adobe.com
After a Monday in the red, the Stock Exchanges of the Old Continent turned the tide on Tuesday. A trend followed in particular by the CAC 40 index.
The New York Stock Exchange opened higher on Tuesday, reassured by the slowdown in inflation as well as by signs of calm on the front of the banks, after several days of turbulence. In early trading, the Dow Jones gained 0.99%, the Nasdaq index gained 1.72% and the broader S&P 500 index, 1.48%.
European stock markets, meanwhile, rebounded on Tuesday, reassured by the decline in US inflation after dropping Monday and Friday amid fears related to the US banking sector. After two sessions of strong turbulence, European markets rebounded by 1.86% in Paris, 1.83% in Frankfurt and 1.17% in London.
The repercussions of the collapse of the American bank SVB, as well as two other regional banks, continue to thrill investors. The American central bank (Fed) announced on Monday that it would look into the conditions of supervision and regulation of SVB. The CAC 40 banking establishments, which have lost nearly 10 billion euros in stock market values during the last two sessions, continued to decline on Tuesday morning.
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