The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange ended Thursday in the green, increasing by 0.52%, following the trend on Wall Street where economic data showing the robustness of the economy tends to support the stock markets.
The CAC 40 index finished above the 8,000 point mark, at 8,023.26 (+29.06 points), after having closed two days in a row below this threshold.
Global stock markets as a whole were up slightly amid first-quarter corporate results and as anxiety over Federal Reserve (Fed) rates and geopolitics tends to ease.
The markets are facing two uncertainties, according to Samy Chaar, chief economist at Lombard Odier: on the one hand on the strong dynamics of the American economy, which risks delaying the reduction of rates by the American Federal Reserve (Fed), and on the other hand on the context in the Middle East.
The latest U.S. economic data continued to show that growth remains strong and inflation is not slowing as much as hoped, leading investors to wonder whether “signs that the U.S. economy is too strong” could break the scenario of a “Fed rate cut” this year, comments Samy Chaar.
However, he recalls that Fed President John Williams has repeated that he maintains the objective of lowering rates.
Furthermore, as growth is not as vigorous in Europe, “the European Central Bank (ECB) will indeed lower rates in June”, underlines Samy Chaar.
Endenred runs the CAC40, not LVMH
Edenred gained 4.87% to 46.94 euros. The prepaid services company, which markets Ticket Restaurant, saw its turnover increase by 21.4% in the first quarter, to 685 million euros, in accordance with its objectives.
LVMH lost 0.90% to 796.80 euros, while the Arnault family, at the head of the luxury group, expanded its presence on the board of directors on Thursday, with the entry of two sons of Bernard Arnault, Alexandre and Frédéric, who join their elders Delphine and Antoine after a vote by the general assembly.
Danone keeps its head above water
Danone, which published its results on Thursday, increased by 0.89% to 59.06 euros. The agri-food giant confirmed its objectives for 2024, with a turnover of 6.79 billion euros, down 2.5%, under the effect of its withdrawal from Russia and interest rates. exchange rate but which, without these elements, climbs thanks in particular to the increase in volumes sold.
L’Oréal is doing well
L’Oréal increased by 1.28% to 423.60 euros. After the market closed, the cosmetics giant announced sales up 8.3% year-on-year, to 11.24 billion euros, despite a decline in turnover in North Asia.
© 2024 AFP
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