The Paris Stock Exchange rose 0.65% Tuesday in the first exchanges, in line with the day before many corporate results and an indicator of inflation in the United States later in the week.
The CAC 40 index rose by 45.43 points to 7,054.68 points around 9:25 a.m. The day before, it had finished up 0.83%.
Taking advantage of Tuesday’s lull in major news, investors are bracing for the next wave of corporate earnings, and an indicator of US inflation later in the week.
Small break: this is the theme on the market, which is catching its breath after a turbulent week, and which has seen prices fall, estimates Christian Parisot for the broker Aurel BGC.
Before a series of results, including Thursday, BNP Paribas got the ball rolling on the CAC 40, but its fourth quarter had investors. The bank fell sharply in the first exchanges.
The macroeconomic context also remains changing. Overall, markets and investors are getting used to the idea of higher rates from central banks, while the risk of longer and more persistent inflation is prompting investors to recalibrate their portfolios, says Michael Hewson , from CMC Markets.
This change in market environment has caused a lot of turbulence and volatile sessions since the start of the year.
Investors are always on the lookout for signs to guess the timing and magnitude of central bank rate hikes.
Among them, Thursday’s publication of the evolution of consumer prices (CPI) in January is eagerly awaited to determine the policy of the US Federal Reserve.
In the indicators of the day, of less importance for the markets, France recorded in 2021 the worst trade deficit in its history, 84.7 billion euros, customs reported on Tuesday.
Record net profit for BNP Paribas
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The banking group signed an unprecedented year in 2021, with a net profit of nearly 9.5 billion euros. But investors expected better in the fourth quarter and the title lost 3.36% 63.54 euros.
Socit Generale stagnated at 34.51 euros, and Crédit Agricole rose by 0.59% to 13.75 euros.
Orpea is not released by Mirova
The investment fund Mirova, a subsidiary of Natixis, will remain in the capital of the manager of private nursing homes Orpea, shaken by an abuse scandal, but demands changes including the transition to a mission company.
Orpea rebounded by 3.23% to 33.30 euros (-62% since January 1), and Korian by 3.55% to 17.81 euros (-36%).