The Paris Stock Exchange was up 0.40% in early trading on Thursday after the meeting of the US Federal Reserve, whose decision to raise its key rates was expected, its attention still being fixed on Ukraine.
The star CAC 40 index rose by 26.49 points to 6,615.13 points around 9:35 a.m. The day before, it had jumped 3.68%.
The Fed raised its key rates by 0.25 points on Wednesday, a first since 2018, to bring them into the range between 0.25 and 0.50%.
The move kicks off a series of interest rate hikes that are expected to be the most aggressive since the mid-2000s, with six more hikes slated to tackle inflation and an overheated labor market. , underlines Christopher Dembik, head of macroeconomic research at Saxo Bank.
However, Jerome Powell assured Americans that the fight against inflation would not tip the American economy into recession, he also said.
The Paris market is also buoyed by hopes that there could be an agreement between kyiv and Moscow, reports John Plassard, investment specialist at Mirabaud.
Russian Foreign Minister Sergue Lavrov said on Wednesday that there were very concrete formulas which I think are close to an agreement, while noting that the talks were not easy.
US President Joe Biden on Wednesday called Russian President Vladimir Putin a war criminal and confirmed the shipment of $800 million in additional military aid to Ukraine.
Veolia record before even absorbing Suez
Veolia achieved record results in 2021, even before the spectacular absorption of its rival Suez. The group is aiming for solid growth for 2022, despite the uncertainties linked to the war in Ukraine. It rose by 2.12% to 29.83 euros, the largest increase in the CAC 40.
Retirement : save by paying less tax. 11 contracts compared
ADP ready to take off again
The airports of the Paris region found in February 62.3% of passengers for the same month in 2019, on track to achieve the annual objectives of their manager who does not currently foresee any consequences of the conflict in Ukraine on his assumptions. . The title of Aroports de Paris rose by 2.42% to 126.80 euros.
The automobile still stalls in February
The start of 2022 continues to be a disaster for new car sales in Europe, with manufacturers still heavily troubled by supply issues, according to figures they released on Thursday.
Renault lost 1.53% 24.29 euros, and the equipment manufacturers Faurecia (-1.45% 25.86 euros) or Plastic Omnium (-0.30% 16.83 euros) also suffered. Stellantis grabbed 0.05% 15.07 euros.