The Paris Bourse hit new highs on Tuesday, with the Cac 40 surging to 7,187.76 points. The index closes the session a little below this level, at 7,181.11 points, up 0.57%, in a volume of trade as low as yesterday (1.79 billion euros, i.e. twice the average for the year). In this period of truce for confectioners, which characterizes the very calm period between Christmas and New Year, the weakness of the activity was also reinforced by the absence of British stakeholders while the London Stock Exchange remained closed for Boxing Day (December 26 having fallen on a Sunday, the public holiday is caught up).
On Wall Street, the S&P 500 also sets new records, thanks to a few scraps. The Dow Jones (+ 0.4%) is advancing a little more firmly, helped by the 1.5% increase in Boeing. Indonesia lifted the flight ban on the 737 Max, three years after a plane crashed by local company Lion Air.
The proliferation of studies showing that the Omicron variant causes milder symptoms than previous strains of the coronavirus as well as the latest recommendations from the Centers for Disease Control and Prevention (CDC) aimed at reducing the duration of the disease in the United States. isolation of asymptomatic people for ten to five days supports the trend.
Three days of telecommuting
France and the United Kingdom have refrained from imposing a curfew or confinement for the holiday season. Among the preferred measures of the French authorities to stem the rapid progression of Omicron, teleworking will become compulsory at least three days a week, in trades where this is possible, from January 3. An announcement made last night by Prime Minister Jean Castex which will have the negative consequence of emptying company canteens even more. Collective catering groups Elior and Sodexo have paid the price on the stock market.
The theme of economic recovery nevertheless remains an element of support on the stock market. On the Cac 40, “value” companies, very dependent on the good health of the economy and little valued, stood out. Veolia Environment, Engie, crossroads and Airbus sign the best performances of the day.
Within so-called growth stocks, Great, which closed with a slight gain of 0.3%, hit new stock market highs.