The Paris Bourse rebounded 0.89% at the opening Tuesday, after three successive declines, guided by the impetus in the second part of the session of the American markets on Monday.
The CAC 40 index rose by 63.07 points to 7,178.84 points shortly before 9:20 a.m. The day before, it had ended down 1.44%.
We have confirmation of the return of volatility. Mondays are generally fairly calm with little information or indicators and yet there have been some impressive movements in the US indices, explains Christian Parisot, of broker Aurel BGC.
The Nasdaq technology index, which plunged nearly 3% in session, ended up narrowly in the green (+ 0.05%).
Investors are nervous, there are opposing expectations, but the market mover [lment dterminant pour la tendance] remains the US bond market continues the economist.
US 10-year chance bond yields rose to 1.80% on Monday, a two-year high, before settling down 1.76%.
These rates have tightened in recent weeks with fears related to the economic impact of the Omicron variant and the more combative attitude towards inflation from the American Federal Reserve (Fed), which is preparing to raise rates in the spring.
Now in trading rooms, many are predicting four Fed rate hikes in 2022 instead of three. The two-year American yield continues to climb, also observes Ipek Ozkardeskaya, analyst at Swissquote.
The hearing of Fed President Jerome Powell before the Snat at the end of the Paris session is one of the elements that explains the nervousness of investors, according to Mr. Parisot.
He will promise to prevent inflation from taking root, according to a speech prepared in advance and released Monday on the Fed’s website, without further details.
The CPI US inflation indicator for December will be released on Wednesday. In November, it had reached an all-time high in four decades, 6.8%.
Capgemini and Herms on the rebound
Positions on the CAC 40 index were the opposite of the previous day, with technology and luxury stocks in the foreground.
Capgimini rose 3.06% to 200.60 euros, further helped by a recommendation from analysts. Dassault Systmes rebounded 2.34% 47.72 euros.
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For luxury goods, heavyweight on the odds, Kering earned 2.20% 710.40 euros, Herms 2.37% 1.406.50 euros and LVMH 1.76% 715.30 euros.
TechnipFMC leaves Paris
The para-oil company fell 5.11% to 5.65 euros after announcing on Monday that it would cease to be listed in Paris but would remain so in New York, after the split which led to the creation in France of Technip Energies in early 2021.
Airbus orders ahead of the crisis
The aircraft manufacturer delivered 611 planes and had 507 net orders in 2021, according to its annual report, almost a third below its pre-crisis level. On Monday, the American aircraft lessor Azorra, a new customer, ordered 22 medium-haul A220 single-aisle aircraft, including two in the business version.
The title fell 0.07% 117.92euros in the first exchanges. Industrial, banking and transport stocks, which have performed better in recent sessions, were generally more in decline on Tuesday.