The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange ended up 0.60% on Monday, after a flat week, with investors mainly preparing for new data on the inflation front.
The star CAC 40 index advanced 42.02 points to finish at 7,087.06 points. On Friday, it fell by 0.96%, ending in balance (-0.03%) for the week as a whole.
After a peak above 7,100 points at the start of the session, benefiting from the initial decline in interest rates, the Parisian rating returned to a slight increase for most of the session. It accelerated again in the last minutes of trading.
On the bond market, the 10-year French government interest rate ended very slightly down, around 3.29% after changing direction several times during the day.
“We are waiting for inflation figures” in the United States from Tuesday in particular, explains Aurélien Buffault, director of bond management at asset manager Delubac AM.
These figures notably guide the policy of central banks. In Europe and the United States, these have initiated the end of rate increases, but this movement remains fragile.
Inflation which excludes the more unstable prices of energy and food, known as underlying inflation, “is expected to be stable at a fairly high level” well beyond the central bankers’ target, explains Mr. Buffault. .
Further indications on the pace of price increases are expected in the UK and the Eurozone during the week.
Airbus gained 1.37% to 130.24 euros after the announcement by the Turkish company Turkish Airlines (TA) of “discussions” with the American aircraft manufacturer for the acquisition of 355 aircraft, of which 240 are closed.
The announcement, already mentioned in June, was made at the start of the Dubai Air Show where Boeing hit hard, multiplying order announcements, including a mega-contract with Emirates for 90 examples of its future wide-body B777X .
In the same sector, Air-France-KLM increased by 2.53% to 12.16 euros. The company announced Friday, after the stock market, that it was investing in the first sustainable aviation fuel (SAF) plant of the American DG Fuels, a first for it.
The Orpea private nursing home group fell 14.46% to 0.95 euros. The group announced the launch of a capital increase “of approximately 3.9 billion euros” aimed at erasing part of its debt as part of its financial restructuring.
Orpea’s total debt amounts to more than 9 billion euros. The financial restructuring must involve three successive capital increases, for a total amount of 5.4 billion euros.
Existing shareholders choosing to subscribe to the first capital increase are exposed to a “significant potential loss of value [allant] up to 70% of the invested capital”, warns Orpea.
© 2023 AFP
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