(BFM Bourse) – The Japanese central bank has opted for a cautious increase in its short-term key rate. The CAC 40 is supported by the increase in Airbus.
A bit like the Bank of Japan, the CAC 40 is moving cautiously. The Parisian index rose 0.3% at mid-session this Tuesday to 8,169.74 points.
The big market event remains the decision of the Japanese central bank, which, for the first time in 17 years, raised its short-term key rate, taking it from -0.1% to a range of 0% to 0 .1% while warning that accommodative financial conditions would remain in place.
This measured decision caused the yen to plunge by 0.9% against the dollar. The euro fell by 0.2% against the greenback to 1.0849 dollars.
“So at the moment it’s a matter of buying the rumor and selling the facts. (Deutsche Bank’s) view is that the market is underestimating the level of terminal rates in Japan, but that it It will be a regular process to find out,” analyzes Jim Reid of Deutsche Bank.
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Airbus in the spotlight, Atos dives once again
In Germany, the ZEW index which measures German investor confidence improved in March and exceeded the expectations of economists polled by Reuters.
The CAC 40 is mainly supported by Airbus which gains 2%, helped by Royal Bank of Canada which raised its recommendation to “outperform” on the stock.
The aeronautics group also ended discussions to buy the BDS division of Atos (cybersecurity, supercomputers, big data), which caused the digital services company to plunge by 22%. Faced with a wall of debt, Atos is moving a little closer to opening a conciliation or even safeguard procedure.
On the smaller values side, Spartoo jumped 22% after publishing its 2023 results. The fashion goods group notably returned to positive gross operating income.
Oil changes little. The May North Sea Brent contract is stable at $86.86 per barrel, while the New York-listed WTI contract is also close to equilibrium at $82.75 per barrel.
Julien Marion – ©2024 BFM Bourse