The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange rose 0.97%, relieved after the departure of Nancy Pelosi from Taiwan and driven by better than expected indicators on the health of the American economy.
The star index of the Parisian market, CAC 40, gained 62.27 points, to 6,472.06 points after a session started in balance. The day before, the Parisian place had ended in decline following the landing of the president of the American House of Representatives in Taiwan.
“Now that worries about geopolitical tensions are behind us, at least for the moment, the markets’ attention is once again focused on corporate results” and indicators relating to economic health, underlines Michael Hewson, CMC Markets analyst.
For now, this attention is focused on the United States, where growth in services activity accelerated in July.
In France, the growth of activity in the private sector continued to decline in July, under the effect of a deterioration affecting both the services sector and the manufacturing sector, according to an index published on Wednesday by S&P Global. .
Good news in the midst of renewed tensions between Europe and Russia over gas supply, French gas storage, currently 80% full, will be full on November 1, according to the Minister for Energy Transition , Agnes Pannier-Runacher.
However, she admitted that these reserves may not be sufficient if the winter is harsh.
Airbus cuts ties with Qatar
Airbus has canceled the rest of its contract for the delivery of 19 A350 aircraft in the context of the dispute between it and Qatar Airways, which is claiming compensation for damage to the surface of the fuselage of a part of its fleet of jumbo jets already in service. The Airbus title gained 1.32% during the session, ending at 104.10 euros.
Suez is expensive for Veolia
Veolia posted a net profit down 22% to 236 million euros in the first half, mainly due to the costs of acquiring its former rival Suez and a depreciation of activities in Russia. Its action lost 2.76% to 24.00 euros.
© 2022 AFP
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