The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange is hovering around balance (+0.02%) in early trading on Tuesday, after the decision of the Central Bank of Japan to raise its rates and before the start of the meeting of the American Federal Reserve.
The flagship CAC 40 index gained 1.64 points to 8,149.78 points around 9:35 a.m. On Monday, it fell 0.20%.
The entire week is dominated by central bank meetings, and Tuesday is no exception.
In Asia, the Bank of Japan (BoJ) raised its key rate on Tuesday and put an end to the negative rate policy that it was the last to practice, thanks to a long-awaited rise in wages.
The Japanese monetary institution has maintained negative interest rates since 2016 in order to support the country’s economic activity and encourage inflation. It had not raised its rates since 2007.
“The BoJ also confirmed that monetary policy would remain accommodating. (…) The impact of monetary normalization was limited” because it was “well prepared” according to Natixis analysts. The Tokyo Stock Exchange rose 0.66%.
The American Federal Reserve (Fed) begins its meeting on Tuesday. The rebound in inflation in the United States should encourage it to remain cautious and wait before starting to lower its rates, but it is above all its economic forecasts that will be scrutinized. His decision will be announced on Wednesday.
Airbus drops Atos
Airbus and Atos announced on Tuesday the end of their discussion for the purchase of the IT company’s “big data” and security activities.
Atos also announced that it would postpone the publication of its 2023 annual results, scheduled for Wednesday, “in the near future”, “in order to allow it to evaluate its strategic options”. Atos shares fell 20.40% to 1.71 euros while Airbus rose 1.56% to 165.76 euros, the biggest increase in the CAC 40.
Luxury and tech struggling
The luxury and tech sectors suffered in Paris: LVMH fell by 1.47% to 845.50 euros, Hermès, third best increase in the CAC 40 in 2024, by 1.14% to 2,350.50 euros, Kering by 0 .34% to 421.85 euros.
On the tech side, Dassault Systèmes fell 2.20% to 41.10 euros, Stmicroelectronics fell 0.99% to 84.22 euros, CapGemini fell 0.40% to 221.60 euros.
ADP: Romanet not renewed
The CEO of Aéroports de Paris (ADP) Augustin de Romanet, whose second term ends in May, will not be renewed for five years as he hoped, said the daily Le Monde on Monday, two days before a council meeting. crucial administration. The company’s action fell by 0.80% to 123.70 euros, weighed down by the results of the German Fraport, the German operator which notably manages Frankfurt airport and which fell by almost 6%.
© 2024 AFP
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