The Paris Stock Exchange was up 0.43% in early trading on Tuesday, concerns about growth around the world being somewhat mitigated by hope for the easing of health restrictions in China.
The star CAC 40 index took 27.27 points to 6,375.04 points around 9:20 a.m., with in particular a jump from Engie after its results. The day before, the index had fallen by 0.23%.
After several bad economic indicators on Monday, in China, the United States and the euro zone, investors are recovering hope for good news.
Shanghai said on Tuesday that it had reached zero-Covid in all its districts, which means that none of the 1,000 contaminations recorded on Tuesday took place outside the quarantined premises. The city has been subjected to harsh sanitary measures since the beginning of April, and millions of people still cannot leave their neighborhoods.
But the hope of an easing of the measures, although the horizon remains distant, gives a little optimism to the markets.
The worst-case scenario, such as recession, may not happen. But it will take some time before the market positions itself again to purchase, have nuanced analysts at Saxo Bank.
The markets paid little attention to the appointment of Elisabeth Borne as head of the French government on Monday evening.
In France, the unemployment rate remained almost stable in the first quarter of 2022 at 7.3% of the working population, its lowest level since 2008, according to figures published Tuesday by INSEE.
In the United Kingdom, for the three months to March, the unemployment rate fell to 3.7%, against 3.8% at the end of February, falling to its lowest since 1974 and below its level reached just before the Covid-19 pandemic. 19, the Office for National Statistics (ONS) said on Tuesday.
Engie soars with energy prices
The Engie share jumped 5.67% to 12.29 euros, after the upward revision of the group’s annual financial forecasts on Tuesday, when the results of the first quarter were published in a context of soaring energy prices. Engie now expects a recurring net result for 2022 of between 3.8 and 4.4 billion euros, against 3.1 to 3.3 billion previously.
Retirement : save by paying less tax. 11 contracts compared
Thals strengthens in cybersecurity
Thales (+0.23% 114.35 euros) has signed a definitive agreement to buy two Spanish and Luxembourg companies, S21sec and Excellium, in order to strengthen its cybersecurity activity, the technology and defense group announced on Tuesday.
Renault port by Di Meo’s visit to Japan
After the first face-to-face meeting of the Renault-Nissan-Mitsubishi Motors Alliance on Tuesday, the Renault stock jumped 3.20% to 24.35 euros, dragging in its wake that of Stellantis (+1.11% to 13.82 euros).
The door will always be open for Nissan to invest in Renault’s electric pole, which could become a separate entity or even eventually join it, said the French carmaker’s managing director, Luca de Meo.