The Paris Bourse broke its all-time high on Tuesday at 7,181.11 points, overcoming fears related to the spread of the Omicron variant.
The flagship CAC 40 index, which had already risen 0.76% on Monday, took 0.57% 7.181.11 points in a low trading volume of 1.8 billion euros. During the session, it rose to 7,187.76 points, a level that was also undisputed. His previous records in session (7,183.08 points) and closing (7,156.85 points) dated from mid-November.
With the end of the year celebrations, most of the players have left the market, there is very little active asset management. The indices no longer stand in the way of their progress, and let themselves be carried away, summarized AFP Nicolas Chron, strategist for Zonebourse, stressing that December is usually the second of the best months of the year.
The two fears that shook the markets in early December have subsided: the American Federal Reserve reassured the fact that it was taking operations in hand regarding inflation and the news on Omicron has been more reassuring for several days, detailed there ‘analyst.
Over the past week, British studies have shown that infections with the Omicron variant of Covid-19 are less likely to cause hospitalizations, compared to the Delta variant.
In addition, the restrictive measures put in place by governments to deal with the explosion of contaminations block economic activity less than the containments imposed at the start of the pandemic.
In France, the government has notably decided to make working three days a week compulsory for positions that allow it, to ban standing concerts and to ban standing consumption in bars. Isolation rules for patients and contact cases will also be adjusted by the weekend to prevent paralysis of the country.
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The markets are looking after the Covid, projecting themselves in 2022, estimates Mr. Chron. However, this will be a year in line with the major rebound of 2021: world GDP is expected to grow faster than the average of the last 20 years, even if less than in 2021, which will have an impact on the results of companies, a he adds.
Access to Covid tests made easier in France, Carrefour is progressing
Carrefour shares gained 1.08% 15.92 euros, after the publication of a decision in the Official Journal authorizing large-scale distribution to sell exceptionally and until January 31, 2022, self-tests to detect Covid-19.
The automobile resists
Auto stocks got off to a good start but slowed down during the session. Stellantis nibbled 0.41% 16.83 euros, while Renault finally lost 0.55% 30.05 euros. Plastic Omnium (+ 0.53% 22.94 euros) and Faurecia (+ 0.36% 41.40 euros) also made progress.
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