The Paris Stock Exchange aligns, this Wednesday, a third session of increase in a row. the Bedroom 40 rose by 1.46% to 7,130.80 points thanks to an easing of interest rates on the debt market, whether in the United States or in Europe, after their new three-year peak reached yesterday.
In Germany, the best performer in the euro zone (with the lowest borrowing costs), the rate on ten-year sovereign bonds is currently just under 0.22%, against more than 0.26% last year. the day before, knowing that it was still negative less than a month ago. At yesterday’s score, the German yield for this deadline lined up for an eleventh session in a row, unheard of since 1990 and reunification.
Yesterday, “after the European closure, we could see a first reaction [d’un banquier central] against the very ‘hawkish’ interpretation of the market after the ECB’s decision last week [qui n’exclut plus de relever ses taux cette année]with the Governor of the Banque de France, Mr. Villeroy, who declared: ‘I think there have been reactions that have been maybe very excessive, too excessive in recent days’ »noted this morning the strategist Jim Reid of Deutsche Bank.
The President of the European Central Bank, Christine Lagarde, had herself tried to calm things down on Monday evening before the European Parliament, declaring that any tightening would be “gradual”.
On the eve of the publication of the latest inflation figures in the United States, the American markets are also on the rise. The Nasdaq index of technology stocks outperformed with a gain of 1.5%.
On this side of the Atlantic, it is also “tech” companies, which are very sensitive to interest rates, which have driven the trend. In Paris, on the Cac 40, STMicroelectronics and Worldline gained more than 3%, closely followed by Capgemini.
Amundi exceeds its strategic objectives
Biggest rise in SRD, Eramet jumped more than 8%. Exane BNP Paribas raised its target price on the title of the mining group from 82 to 126 euros, maintaining its opinion of “outperformance”.
Amundi increased by almost 4%. The group announced that it had already exceeded its strategic objectives for 2022, while it reported a sharp increase in annual results last year, thanks to the growth of retail and its activities in Asia. The asset manager, 70% controlled by Crédit Agricole, published adjusted net income of 328 million euros over the October-December period, up 14% over one year. Over the whole of 2021, the group’s adjusted net income increased by 37%, to 1.315 billion euros.