The Paris Stock Exchange continues its rise, reaching its highest level in a month – 05/09/2024 at 6:25 p.m.

The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)

The Paris Stock Exchange rose 0.69% on Thursday, supported as it had been since the start of the week by investors’ optimism regarding the upcoming drop in interest rates, a hope reinforced on Thursday by the Bank of England.

The flagship CAC 40 index advanced 56.24 points to 8,187.65 points, the highest since April 2. On Wednesday, it achieved a fourth consecutive session of increase (+0.69%).

The Parisian rating reversed the trend on Friday after its decline during the second part of April with the American employment report, whose less good than expected data gave investors hope regarding the timetable for rate cuts. the American central bank.

“The markets have been supported recently by the fact that central banks are closing the door to rate cuts less than expected,” said Florian Ielpo, head of macroeconomic research at Lombard Odier IM.

Any element likely to reassure investors in their hope of seeing central banks reduce their key rates soon is welcomed.

On Thursday, the Bank of England (BoE) unsurprisingly maintained its key rate at 5.25%, but said it was “optimistic” about a decline in inflation in the coming months, which could pave the way for monetary easing.

The good results published by companies and the indicators which show that the European economy is recovering also contribute to the good mood on the markets.

Chinese exports started to rise again in April, while imports far exceeded analysts’ expectations, according to official figures released Thursday, good news for the recovery of the world’s second largest economy.

On the value side, the French hotel group Accor lost 2.41% to 40.47 euros, recording the worst performance of the CAC 40.

Euronext CAC40

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