The Paris Stock Exchange closed up 0.75% on Tuesday, taking advantage of a new session without an indicator or major announcement to regain its senses and a little height after two difficult weeks.
The CAC 40 index advanced by 44.57 points to 5,964.66 points. The day before, it had already progressed by 0.64%.
Never during the month of June has the Parisian coast had two consecutive days of increases. On Tuesday, it even briefly regained 6,000 points at midday before falling back somewhat.
Gains in Paris, as in all European markets, are tepid and far from reversing the losses of the past week, notes Michael Hewson of CMC Markets.
Risk aversion remains high. We are not defeatist, but we are certainly not in a positive approach on the equity markets, also describes AFP Vincent Juvyns, head of market strategy at JP Morgan Asset Management.
It notes a juxtaposition of headwinds, notably with the risk that inflation will remain at a high rate, under the impetus of the war in Ukraine, and with the risks of recession due to the measures taken by central banks to limit inflation. soars in price.
Implementing a monetary tightening as the main central banks are currently doing is manageable, but not with the uncertainty in Ukraine which is even more burdensome and is felt in particular on the prices of raw materials, such as oil, explains Mr. Juvyns.
On the bond market, the 10-year rate on the French loan returned above 2.32%, close to the 2.40% reached the previous week before a meeting of the European Central Bank to calm tensions on the debt. sovereign.
General rebound
The rebound benefited companies from various sectors and characteristics on the stock market, such as Air Liquide (+3.05% to 131.20 euros), Saint-Gobain (+2.48% to 45.07 euros after a fall of nearly 4% on Monday ), LVMH (+2.03% 553.50 euros) or even BNP Paribas (+2.09% 49.36 euros).
Eramet seals the sale of Aubert et Duval
The French mining group Eramet announced on Tuesday that it had signed a contract to sell its subsidiary Aubert et Duval, a specialist in strategic metal alloys for aeronautics and nuclear, with a consortium made up of Airbus, Safran and Tikehau Ace Capital. The Eramet share took 7.43% to 111.30 euros.
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LNA health falls after accusations of fraud
The title of the retirement home group LNA Health plunged 8.94% to 33.60 euros after the publication of information from RMC on an alleged fraud in health insurance of nearly 1.2 million euros.
The company, which has around 80 establishments, has lost nearly a third of its stock market value since the start of the year, less than its biggest competitors Korian (-47%) and Orpea (-74%). criticized for the management of their establishments.
Valneva bounces back after Pfizer stake
Valneva continued to rebound after the announcement of an 8.1% stake in American pharmaceutical giant Pfizer on Monday. The title still took more than 17% 12.02 euros, an increase of 50% in two days. However, the action is still worth half as much as on January 1st.