The Paris Stock Exchange ended sharply up 0.96% on Thursday, benefiting from many positive results among its ranks and a lull in interest rates.
The flagship CAC 40 index rose 68.53 points to 7,188.36 points, after three sessions of decline. Over the week as a whole, it remains down 0.63%.
The Parisian coast even spent most of the session above 7,200 points, a threshold that it ended up letting go after the opening with less enthusiasm in the American markets.
During the week, stock markets around the world calmed their bullish ardor for 2023 with the speeches of central bankers, who repeated that the key rates should still increase enough to fight against inflation and that we had to wait before seeing them. drop, explains Jeanne Asseraf-Bitton, head of research and strategy at BFT IM.
Thursday, after four sessions of increases, the interest rate for the French 10-year loan is distributed sharply downward, 2.75%, against 2.81% Wednesday at the close.
The trend was supported by the inflation figures in Germany: taking into account the harmonized price index, which serves as a reference for the European Central Bank, the rise in prices stood in January at 9.2% while analysts were expecting a 10% rally.
In France, the index of the basic monthly salary (SMB) in the private sector increased by 0.6% in the fourth quarter compared to the third and increased by 3.8% over one year, according to provisional data published Thursday by the Minister of Labour. The increase is far from offsetting that of the cost of living, which increased by 6% between the end of December 2021 and the end of December 2022.
In addition, the numerous company publications of the day generally satisfied the markets. Beyond the 2022 results, the prospects that companies see for the coming months are good, explains Ms Asseraf-Bitton.
Legrand in the spotlight
The French manufacturer of electrical equipment Legrand achieved the second best performance of the CAC 40 on Thursday, rising 4.06% to 85.12 euros. The company announced that it had come close to one billion euros in net profit in 2022, up 10.5%, thanks to a fourth quarter whose dynamism surprised analysts.
Other industrial companies have pulled out of the game after their result: Vinci gained 1.44% to 105.82 euros. The results confirmed that it is one of the favorite companies in the sector for RBC analysts, in terms of return on investment.
ArcelorMittal progressed a little less strongly, by 0.99% to 27.50 euros, after announcing an exceptional provision of one billion euros to cover its Ukrainian losses and being concerned about the slowdown in demand for steel, especially in Europe.
Crédit Agricole accelerated at the end of the year
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The banking group has achieved a historic fourth quarter and above expectations, which caused the action to jump 4.26% to 11.69 euros. In 2022, it published a net profit down 10.5% to 8.1 billion euros, penalized by the war in Ukraine.
Renault takes advantage of Nissan
The action of the car manufacturer Renault rose 2.41% to 41.84 euros, the day its Japanese partner Nissan confirmed its financial objectives and posted strong quarterly results despite having again lowered its annual sales volume target. .
Stellantis also took 3.62% 15.67 euros, Michelin 0.77% 30.09 euros.
Ipsen takes off
Ipsen, the third French laboratory, announced Friday a stable net profit in 2022 for a turnover in net growth, anticipating a new progression in 2023, but at a slower pace. The action jumped 7.09% to 105.00 euros.