The Paris Stock Exchange attempts a rebound in favor of a respite on the currencies

The Paris Stock Exchange was up 1.39% in early trading on Tuesday, taking advantage of a lull in currencies to try to rebound in a still-febrile market environment.

The star CAC 40 index advanced by 80.14 points to 5,849.53 points shortly before 9:40 a.m. The day before, despite an attempt to rebound in the session, it had ended down 0.24%.

The Parisian coast has been chaining red days since mid-September: it remains on nine declines during the last ten sessions, during which it has lost nearly 9%.

The CAC 40, like the other European indices, is benefiting from a lull on the currency front, with the dollar losing some ground and the pound sterling recovering after its historic fall yesterday, according to John Plassard, a specialist in the investment at Mirabaud.

The euro also recovered slightly, gaining 0.44% against the greenback at 0.9652 dollars around 9:25 a.m.

He stresses, however, that questions remain, in the context of hikes in the key rates of the major Western central banks.

France’s 10-year borrowing rate, the benchmark term, fell slightly after reaching a new 10-year peak in the very first exchanges on Tuesday. He was volleying 2.68%.

Renewed interest in risk

The most cyclical stocks, and dependent on economic activity, benefited the most from the slight renewed interest in risk: Renault took 3.30% to 28.97 euros, ArcelorMittal 2.03% to 21.38 euros, Saint-Gobain 1 .45% 38.03 euros.

More defensive stocks, such as telecoms (Orange +0.06% to 9.58 euros), or health (Eurofins Scientific +0.13% to 60.24 euros) fell further.

Technicolor splits on the stock market to regain colors

Retirement : save by paying less tax. 13 contracts compared

Technicolor studios, specializing in visual effects for cinema, video games, animation and advertising, begin Tuesday their listing on the Paris Stock Exchange, an operation to deleverage the rest of the group.

The group is now divided into two independent entities: on the one hand Technicolor Creative Studios (TCS), of which 65% of the shares have been distributed to shareholders, and on the other hand the rest of the activities (development of modems under white label, and production of DVDs) whose corporate name becomes Vantiva.

Introduced at a price of 1.95 euro, the title was only worth 1.82 euro shortly after the opening before seeing its listing suspended.

Orpea wants more staff

The group of private nursing homes Orpea, shaken since January by a scandal involving its practices, announced Monday that it intended to recruit massive staff to ensure better care for residents. The action took 2.82% to 13.33 euros, but still suffered a loss of 85% since the beginning of the year.

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