The Paris Stock Exchange rose 1.30% on Thursday during a heavy session in corporate earnings that took note of the contraction in US GDP in the second quarter, leaving investors hope for an easing of monetary policy in the Fed.
The CAC 40 index gained 81.27 points to 6,339.21 points, up for the second consecutive session amid a flurry of corporate results.
After the announcement of a 75 basis point hike in the Fed’s key rates the day before, the announcement of a contraction in US GDP challenged the markets to interpret this information.
The markets seem reassured by the remarks of the boss of the Fed and the results of companies generally less bad than what was feared, observes Vincent Manuel, director of investments at Indosuez Wealth Management.
The Fed is able, in the eyes of the markets, to decide to suspend the increase in its key rate if the indicators on the health of the economy deteriorate, he adds.
Fed Director Jerome Powell assured Wednesday that the US economy was not in recession and that he wanted to avoid it, while acknowledging a slowdown.
Accor promises an incredible summer, the markets sanction
The Accor hotel group generated net profit of 32 million euros in the first six months of 2022, and returned to second-quarter sales that exceeded pre-crisis levels for the first time, according to the report. it announces on Thursday.
The title however fell by 11.67% (25.35 euros per share) while investors seem to have focused on turnover at constant scope and exchange rates, down 10% compared to the pre-crisis period. sanitary.
Stellantis restarts
The car group Stellantis recorded a record margin and a net profit of 8 billion euros in the first half, while continuing to raise its prices in a slow market.
The markets hailed these results and the price rose 4.89% to 13.56 euros.
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Airbus on the ground
The fragilities of the global supply chain after the Covid-19 pandemic are slowing the ramp-up planned by Airbus to meet the expected growth in international air traffic, leading the aircraft manufacturer to revise the number of aircraft it will deliver this month. anna. The title lost 2.94%, 103.04 euros per share.
Orpea seeks to grab a few points
Executives landed, corrective measures, new directors: shaken since January by a scandal involving its practices, the group of retirement homes Orpea has tried to convince its shareholders that it had learned the lessons of this crisis.
The title gleaned 3.06% to 24.23 euros per share, a result far from offsetting its 72.50% loss since January 1.