The Paris Stock Exchange was up sharply on Wednesday morning, gaining more than 2% on the back of cheap purchases as investors await announcements from the US Federal Reserve after the close.
At 11:05 a.m. (10:05 a.m. GMT), the CAC 40 index rose by 2.03% to 6,976.70 points after a rocky start to the week.
Today’s session offers a new illustration of the volatility surrounding the markets weakened by the imminence of Fed announcements and geopolitical tensions around Ukraine.
The Parisian rating had resumed 0.77% Tuesday the day after a fall of nearly 4%.
Surprising situation, but yet confidence is returning and cheap buyouts too, observes Franklin Pichard, CEO of Kiplink Finance.
Market players have taken advantage of the recent weakening of the prices of many shares and the easing that is taking shape on many thematic fronts to position themselves on promising companies, agrees Andreas Lipkow, for Comdirect.
Event of the week, the meeting of the Monetary Policy Committee (FOMC), which began Tuesday morning, will end Wednesday noon. A press release will be issued at 2:00 p.m. (7:00 p.m. GMT) and Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. (7:30 p.m. GMT).
The markets are hoping for more visibility in terms of rate hikes and reductions in the Fed’s balance sheet, as well as on the trajectory of inflation, the current economic emergency in the United States.
Renault and Airbus, the biggest increases
The action of the car manufacturer was at the top of the podium (+6.09% 35.44 euros) ahead of Airbus (+5.10% 113.84 euros) which benefits from the 12.6% increase in 2021 in deliveries of Airbus Helicopters which exceed their level before the health crisis.
Valneva soars 9%
The Franco-Austrian laboratory, which is developing a vaccine against Covid-19, has started the phase 3 clinical trial of its vaccine candidate as a booster dose, after a primary vaccination with a vaccine other than its own. The action climbed 9.01% to 15.49 euros around 09:00 GMT.
EDF on strike
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The title was treading water at 8.20 euros while group employees went on strike on Wednesday against the request of the state-shareholder to sell more electricity at low prices to its competitors in order to contain the electricity bill of households and businesses. .
Green light for Faurecia
Faurecia shares rose 3.64% to 40.72 euros after the takeover of the German automotive supplier Hella by the French group to form the seventh largest group in the sector on Tuesday obtained the green light from the European Commission.
Arkema takes more than 3%
The French chemist Arkema (+3.41% to 128.95 euros) announced on Wednesday a 50% increase in its production capacity for fluoropolymers at its Changshu site in China (east), in order to meet strong demand for batteries. lithium ions.