The Paris Bourse freezes after its records

The Paris Bourse stole the equilibrium Wednesday in the first exchanges, temporarily putting on hold its bullish momentum which brought it to new records on Tuesday.

The flagship CAC 40 index crumbled by 0.46 points 7,180.65 points around 9:10 am. The day before, it had finished up 0.57%, setting a new record in closing.

During the session, it climbed to 7.187.76 points, a level also undisclosed, improving its previous high in mid-November.

The momentum ran out of steam on Wall Street on Tuesday after the Parisian closing. After two consecutive records, the S&P 500 fell 0.10%, while the Nasdaq lost 0.56% and the Dow Jones gained 0.26%.

So far, the markets have focused much more on the milder symptoms of the latest Omicron variant than on its high contagiousness, ”says Jeffrey Halley, Oanda analyst.

France, with 180,000 new cases, the United Kingdom, Portugal and Greece also recorded new daily records of Covid-19 cases on Tuesday, a sign of the meteoric progress of Omicron.

The health authorities therefore call for caution. A rapid rise in Omicron, like the one we are seeing in several countries, even if combined with slightly less severe disease, will still lead to a large number of hospitalizations, especially among non-vaccinated people, the report said. AFP Catherine Smallwood, one of the main officials of WHO Europe.

From Germany to China, new restrictive measures are being introduced, even if they affect economic activity less than before.

For investors, these restrictions are just a small bump and not a pothole in the index road, says Halley.

Activity should also be reduced in the trading rooms, as many operators are absent. The volume of trade should therefore remain low, the image of that of Tuesday, which amounted to 1.8 billion euros.

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