The Paris Stock Exchange is moving up 0.60% in the first trade on Tuesday, extending its rebound from the day before with the momentum of American technology stocks which makes it possible to defy a still gloomy context.
The star CAC 40 index rose by 43.10 points to 7,241.16 points around 9:30 a.m. The day before, it had gained 0.47%.
The Parisian coast had approached Friday in session its lowest of the summer, under 7,100 points, before regaining a little vigor since.
The agenda for the meeting still promises to be thin, but the situation should not last, with the PMI leading activity indicators on Wednesday, the highly anticipated results of the American chipmaker Nvidia, star of the markets in 2023 thanks to artificial intelligence , the same day, then the Jackson Hole central bankers meeting.
For now, August is dominated by a correction in risky assets, with, for example, losses of nearly 3.5% for the CAC 40, point out analysts at Natixis.
In question, the growing concern about the situation of the Chinese economy with a timid response from the authorities of the country, but also the sharp rise in interest rates for the States, they recall.
The French 10-year rate rose 3.21%, remaining close to its highest level since 2011, reaching 3.27% last week.
Tech in place
Companies in the technology sector were buoyed by the renewed strength of the Nasdaq on Monday, in particular the semiconductor sector thanks to the gain of more than 8% on a session of Nvidia: STMicroelectronics rose 1.69% to 43.28 euros, Dassault Systmes by 1.17% 35.99 euros, Capgemini by 0.86% 163.45 euros.
On the expanded SBF 120 index, Soitec rose 1.00% to 176.45 euros and Ubisoft climbed 6.06% to 28.53 euros.