(BFM Bourse) – Timeless for most of the session, the rebound in the Paris market was sharply accentuated at the end of the afternoon (+ 1.24% at the close), helped by the good morning orientation of the new- indices. Yorker.
Sluggish and evolving in a “range” of about twenty points until 3pm the day after a fine performance on Tuesday at the close (+ 1.36%), the CAC 40 took off in the second part of the session. If the volume of transactions is tightening as Christmas approaches (so in the absence of many investors), to less than 2.8 billion euros on Wednesday, buyers have clearly taken control, the barometer of the odds tricolor ending the session with a new gain of 1.24% to 7,051.67 points, a high at the close since December 7.
If the situation remains worrying in terms of health with the spread of Omicron, to which vaccinated people appear less well immunized even if the severe forms fortunately seem much rarer, Wall Street had also started a rebound on Tuesday evening (in particular a gain 2.4% on the Nasdaq) after the President of the United States rejected the hypothesis of new restrictions, instead giving new means to the vaccination campaign.
Well oriented after having an opening in dispersed order, in the absence of a new catalyst, the New York indices posted increases between + 0.5% (for the Dow) and + 1% (for the Nasdaq) around 6 p.m. By each gaining nearly 1% “intraday” since the first exchanges, the three main Wall Street indices (S&P 500 included) gave momentum to the European markets, the Dax also recovering 0.5% at the close while it was in the red at the start of the afternoon.
In the wake of the Nasdaq, technologies featured prominently in the CAC 40 (+ 3.6% for Capgemini, + 2.4% for Dassault Systèmes or even + 1.9% for Teleperformance) or the SBF 120 (+ 7% for the new resident of the expanded index, OVHCloud, to a new high since its introduction).
The rebound in the flagship index of the Parisian market was also fueled by the aeronautics compartment (+ 4% for Airbus, best performance of the day and + 3% for Safran), as well as by LVMH (+ 2%).
The good news notably supported McPhy (+ 6.9%) and Balyo (+ 6.7%). The first, a manufacturer of hydrogen production devices, was selected for the GreenH2Atlantic demonstrator project in Sintes in Portugal. As for Balyo, one of its main partners Linde Material Holding (Fenwick’s parent company) has renewed its confidence in it by signing a new framework contract, with an order target of 13.9 million euros in 2022.
The Nantes-based company Valneva benefited from an acceleration of 6.1% following initial results from homogeneity trials on its experimental vaccine against chikungunya. These initial data show that the different batches tested elicit equivalent immune responses. The finalization of the takeover of EVA Group brought Sopra Steria (+ 2.5%), an operation that places the group among the top three players in cybersecurity in France.
Atari (+ 1.5%) and its partner Crypto Blockchain Industries (+ 5%) were also sought, after the launch of an NFT offer, tokens translating a title deed on one of the 40 virtual apartments in the within the virtual world of Atari attached to AlphaVerse, CBI’s metaverse. Notice to amateurs, the auction ends Thursday.
Among other assets, oil prices rebounded (+ 1.2% to 74.8 dollars for a barrel of Brent around 6.15 p.m.). The euro regained 0.37% which allowed it to return to the level of 1.13 dollars, the currency of which has finally moved away little since November (1.1325 dollars at the end of the day). Bitcoin was finally trading around $ 49,000.
Quentin Soubranne – © 2021 BFM Bourse