(BFM Bourse) – The Parisian index once again crossed a new mark during the session on Tuesday afternoon.
From record to record. The CAC 40 once again set a historic high in session on Tuesday. Around 3:45 p.m., the Parisian index reached 7,402.55 points, exceeding the 7,401.15 points established on March 6.
To see if the Parisian index will manage to keep this good trend to hang this closing record which is 7,376.37 points.
Wall Street’s drama-free open – the S&P 500 gains 0.03% while the Nasdaq Composite slips 0.2% – brought the “little extra” momentum the index needed to pull itself up to new all-time highs.
An American job deciphered
Since the opening of the market on Tuesday, the markets have been well oriented, thanks in particular to employment figures in the United States, published on Friday during the Easter break in the markets, of relatively good quality.
In March, the United States created 236,000 jobs against 311,000 in February, the lowest level since December 2020, while the unemployment rate fell to 3.5% against 3.6% in February.
“This could imply that the Fed [Réserve fédérale américaine, NDLR] will raise its interest rates one last time in May and will take a break afterwards,” said John Plassard of Mirabaud.
“Following the release of a strong new jobs report, investors reacted by raising the likelihood of another Fed interest rate hike at the next meeting. That meeting will only take place in three weeks and, since the jobs report, the odds of another 25 basis point hike [0,25%, NDLR] went from an almost equal level of 53% to a higher level of 71% this morning,” notes Deutsche Bank.
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