The control room of Euronext, the company that manages the Paris Stock Exchange, in La Défense (AFP / ERIC PIERMONT)
The Paris Stock Exchange experienced another very positive session on Thursday (+1.36%), supported by results from well-made companies which put the worrying themes of the moment in the background, in particular inflation and monetary policy. .
The Parisian rating gained 90.19 points to 6,715.10 points, alongside its pre-war levels in Ukraine, the day after a rebound of 1.38%.
“For the moment, the earnings season is going rather well” and “expectations for earnings growth over the year are positive”, despite the pressure on margins, the rise in raw materials and the expected economic slowdown, underlines Frédéric Rozier, portfolio manager at Mirabaud France.
The expert notes that the debate between the candidate RN Marine Le Pen and the outgoing president LREM Emmanuel Macron, at the top of the voting intentions for the second round of the presidential election, also had “a small effect” on the Parisian rating. .
On the debt market, government bond yields have climbed again, while investors are careful that a rise in key central bank rates is not too violent to risk destroying growth. .
The leaders of the three central banks of the United States, the euro zone and the United Kingdom will speak on Thursday at a meeting of the International Monetary Fund (IMF).
Market operators expect an acceleration of monetary tightening by the US central bank (Federal Reserve, Fed) this year.
– Eurofins raises its sales target
Revenues from French analytical laboratory giant Eurofins Scientific rose in the first quarter despite the impact of lower sales of Covid-19 diagnostic tests. Its share, however, fell 4.75% to 89.80 euros, due to forecasts deemed cautious by operators concerning future revenues linked to Covid-19.
– Extensions voted at L’Oréal and LVMH
The president of L’Oréal Jean-Paul Agon, now aged 65, will be able to remain in his post until he is 73 years old, according to the terms of a vote Thursday of the general meeting of the group, which approved 2021 results qualified as “historic”. The action concluded up 2.06% to 390.95 euros.
The CEO of LVMH Bernard Arnault, 73, will be able to remain general manager of the group until his 80th birthday, according to a vote Thursday of the general assembly of the world number one in luxury. The action ended up 1.73% at 653.40 euros.
© 2022 AFP
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