The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange ended slightly up 0.11% on Thursday, thanks to the dynamism of American growth and after an unsurprising meeting of the European Central Bank.
The flagship CAC 40 index advanced 8.56 points to 7,464.20 points. Over the first four sessions of the week, it rose by 1.26%.
After initial trading with a slight increase, the Parisian rating turned red in the middle of the session. It rose again after the publication of American growth in the fourth quarter, which was stronger than expected. Investors also noted that inflation had continued to moderate, around 2% excluding energy and food over the last three months of 2024.
But attention in Europe was focused on the European Central Bank (ECB), which held its first meeting of the year. For the third time in a row since October, the Frankfurt institution maintained its rates at a record level.
“The ECB was reassured by the recent evolution of inflation” and notably removed the reference to price tensions in its final press release, notes Valentine Ainouz, strategist and head of the global bond strategy of the ECB. Amundi Investment Institute.
Christine Lagarde, however, remained cautious about the next stage of monetary policy, the cycle of rate cuts. There was a “consensus” within the Governing Council that it was “premature to discuss rate cuts” for the euro zone, she said during the press conference.
The labor market also brings positive signs to the monetary institution, notes Ms. Ainouz.
On the values side, Publicis, which announced that its organic growth for the year 2023 was 6.3%, a performance “above the target range of +5.5% to +6% which had been revised to the increase in October”, gained 3.61% to 91.96 euros and is evolving at its highest historical level.
© 2024 AFP
Did you like this article ? Share it with your friends using the buttons below.
