The control room of Euronext, a company that manages the Paris Stock Exchange, in La Défense, November 21, 2019 (AFP / Archives / ERIC PIERMONT)
The Paris Bourse went back well above 7,000 points on Wednesday, at the end of a second session of sharp rise, but with reduced trading volumes.
The flagship CAC 40 index advanced 86.68 points to 7,051.67 points. The day before, it had increased by 1.38%.
The Parisian rating opened up, and fluctuated between 6,960 and 6,990 points at the start of the session, before ending with a bang in the last two hours, after the opening of the American markets.
With the approach of the truce of the confectioners with the end of year celebrations, “the market falls asleep”, notes with AFP Charles De Riedmatten, manager actions at Myria. The trading volume amounted to 2.8 billion euros for the session, a low level.
During the holiday season, in the absence of a large number of asset managers, liquidity decreases, which can exacerbate any movements in the equity market.
As on Tuesday, the indices were carried by “the mitigation of risks on the variant linked to Covid”, estimates the manager.
Monday, the Parisian index had fallen sharply in reaction in particular to the restrictive measures taken in several European countries. If a toughening is still in the air, the UK and then the US have ruled out further measures before Christmas.
But the respite could only be short-lived, as the Omicron variant is now the majority in the United States, and could become so in France after Christmas, according to government spokesman Gabriel Attal.
Among the few indicators of the day, US consumer confidence improved more than expected in December (115.8 points against 111.9 in November), inflation concerns having eased, according to the index of the Conference Board.
New orders for Airbus
The French government on Wednesday formalized the order from Airbus for 169 H160M “Guépard” helicopters intended for the armed forces, a contract for equipment and services worth 10 billion euros in total. The manufacturer climbed 4.01% to 111.08 euros, taking in its wake the equipment manufacturer Safran (+ 2.97% to 104.56 euros). Dassault Aviation (+ 2.04% to 92.65 euros) also ended up.
The acclaimed technology
Technology stocks dominated the CAC 40, with Capgemini (+ 3.62% to 211.60 euros), Dassault Systèmes (+ 2.37% to 52.66 euros), Téléperformance (+ 1.90% to 380 , 10 euros) or even STMicroelectronics (+ 1.66% to 42.54 euros).
© 2021 AFP
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