(BFM Bourse) – The Parisian market was supported by the rue d’Antin bank, its flagship index gaining a few points this Tuesday.
Given the sluggish volume over the past two sessions, the small increase in the CAC 40 is worth taking. The Parisian index gained 0.41% to 8,184.75 points this Tuesday, returning to contact with its records.
Macroeconomic news remained fairly measured. In the United States, the index compiled by the Conference Board which measures consumer confidence deteriorated to 104.7 in March from 104.8 in February while the Reuters consensus stood at 107.
This indicator did not have a significant influence on markets which continued their good progress.
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BNP Paribas on the honor roll
The CAC 40 was particularly boosted by BNP Paribas, which advanced 2.9% thanks to an increase in its purchase recommendation from Goldman Sachs, which believes that the French bank should surprise the market in terms of profits. .
Conversely, the decline in Stellantis shares (-2.1%) weighed on the CAC 40, the car manufacturer having been downgraded to “keep” by Berenberg who judges that it is time for a break. on action.
Note that the German bank, in a sector note devoted to European automobile stocks, also raised its price target to 52 euros (compared to 47 euros previously) on Renault while confirming its purchase opinion. The action gained 2.7%.
Rubis gained 12.5% while Oddo BHF moved to “outperform” on the stock following the entry into the capital of Vincent Bolloré’s group, which sends a positive signal.
Atos, for its part, finished in the green (+0.7%) after announcing the opening of a conciliation procedure with its creditors to lead to a debt restructuring procedure which promises to be heavy.
Micropole soared by 45% while the company was the subject of a public takeover offer from the investment company Miramar.
The euro lost 0.1% against the dollar at 1.0830 dollars. Oil is sluggish. The May contract on Brent from the North Sea fell 0.1% to 86.01 dollars per barrel, while that of the same maturity on WTI from New York gained 0.1% to 82.03 dollars per barrel.
Julien Marion – ©2024 BFM Bourse