The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange ended up 0.72% on Monday, regaining color after the small air gap on Friday, caused by the pressure of interest rates, while a measure of inflation in the United States is looming. United.
The flagship CAC 40 index gained 57.99 points to finish at 8,119.30 points. Last week, it experienced two of its four worst sessions of the year, including a decline of 1.11% on Friday. It achieved its worst weekly performance since mid-October, falling 1.76%.
But, like Wall Street which rebounded on Friday, the Parisian stock market has moved forward again.
“The markets struggled at the end of last week with concerns about the Middle East, but in the absence of escalation, we are starting the week with more risk-taking,” said Marine Mazet, bond manager at Nomura.
Oil prices fell by more than 1% at the time of the Paris close.
However, the other market tension of last week, the rise in bond yields, has not subsided: France’s interest rate continued to approach 3%, reaching up to 2. 96% during the session and 2.93% around 5:45 p.m., compared to 2.91% on Friday. It has not evolved above 3% since December 1, 2023.
Investors “remain cautious with the CPI inflation report in March in the United States on Wednesday, with the risk of further reducing the estimates of a reduction in key interest rates from the American Central Bank”, if inflation continues to decline. surprise on the rise, explains the manager.
Several speeches by American central bankers have pushed investors to review their reference scenario and consider a first decline as early as June as uncertain.
The Fed’s position may also have an impact on the European Central Bank, which meets on Thursday, which could push it to be “more cautious” according to Ms. Mazet, even though the conditions are more ripe in Europe for a more flexible monetary policy. .
No leading indicators were released on Monday and will not be released on Tuesday.
Atos supported
The title of the IT group, Atos, jumped 18.93% to 2.12 euros, the investment company Butler Industries having joined on Sunday the rescue plan proposed by the company Onepoint for Atos. But in 2024, the stock has lost two-thirds of its value.
Canal+ convinced MultiChoice
Canal+, the largest shareholder of the South African television giant MultiChoice with more than 35% of the capital, announced Monday that it had made a mandatory offer to acquire all the shares it does not yet hold. The two companies also specify that they have “concluded a cooperation agreement regarding the preparation and implementation” of this offer, required by the South African takeover regulatory committee. MultiChoice deemed the first offer insufficient. The parent company of Canal +, Vivendi, fell 0.25% to 10.00 euros per share.
© 2024 AFP
Did you like this article ? Share it with your friends using the buttons below.
