(BFM Bourse) – Laborious at mid-session, the rebound in the Parisian market on Tuesday became more dynamic over the afternoon, allowing the CAC 40 index to close almost at the highest of the day. That is to say an increase of 1.38%, in the wake of a sharp recovery in the American indices.
The Paris Bourse was first of all uncertain Tuesday, erasing in the morning a good part of the technical rebound displayed at the opening, before receiving the support of Wall Street in the afternoon and thus ending at its best. level of the day. That is to say an increase of 1.38% to 6,964.99 points, despite the weakening of the market context with on the one hand, the rapid decrease in liquidity in the run-up to the holidays, and on the other hand concerns relating to the surge of the new Omicron variant.
At the time of the European close, Wall Street increased its lead with gains of between 1.1% and 1.3% for the main indices, investors betting in particular that a version of the recovery plan (“Build Back Better”) proposed by the Biden administration would be passed early next year despite opposition from one of the Democratic Senators, Joe Manchin.
On the Parisian market, the Bolloré galaxy stood out on Tuesday following the proposed sale to the Italian-Swiss shipowner MSC of the group’s logistics activities in Africa, on the basis of an enterprise value of 5 , 7 billion euros. The Bolloré share proper rose 11.5% while its main shareholder Financière de l’Odet even soared by 17.2%, a sign that some investors are betting on a more radical overhaul of the holding system which is until now. here is the group’s trademark. Vivendi, Bolloré’s main subsidiary, was not to be outdone, gaining 4.5%, one of the best performances of the CAC. With the sale of Bolloré Africa Logistics, which therefore seems to be on the right track, the group would replenish its war chest even more – in order to give the next generation the means to grow in new business segments, while Vincent Bolloré is counting on pass the torch for the group’s 200th anniversary next year?
Apart from Vivendi, within the flagship index Worldline (+ 4.7%) and Airbus Group (+ 4.6%) have benefited from significant rebounds, the European aircraft manufacturer resisting the legal action brought by Qatar Airways in look at a degradation of the surface of the A350 fuselages. Sanofi for its part has changed little (+ 0.9%) following the announcement of a strengthening in immuno-oncology through the acquisition of the American biotech Amunix.
On the rest of the rating, Eramet limited its decline to 0.6% despite the discovery of financial fraud, within its cash management department, for an estimated amount of 45 million euros. DBV Technologies, on the other hand, plunged 37.7%. Faced with regulatory difficulties, the biotech has taken the painful step of drawing a line on the current approval files, and intends to start an entire phase 3 trial in order to approve its Viaskin Peanut patch in an improved form across the Atlantic.
In terms of oil, the price of a barrel of Brent recovered 2.89% to 73.59 dollars at the end of the day, while that of WTI passed the threshold of 70 dollars (+ 3.28% to 70.86 dollars).
On the foreign exchange market, little movement for the euro / dollar pair, (-0.05% to 1.1269 dollar), unlike the Turkish lira (or lira), which rose to less than 13 pounds to the dollar after dropping to almost 17 pounds to the dollar.
Bitcoin was also moving forward (+ 3.7% to 48,768 dollars).
Guillaume Bayre – © 2021 BFM Bourse