The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange ended up 0.35% on Monday, returning to 8,200 points and close to its records at the start of a week marked by central banks and figures on economic activity.
The star CAC 40 index gained 28.47 points to finish at 8,195.97 points. Last week, it broke records before falling back and ending the week with a negative result (-0.63%).
There were few investors on the trading floors due to the public holiday in France and other European countries. “The market is moving forward in a vacuum,” summarizes Philippe Cohen, manager at Kiplink Finance.
The absence of an indicator did not help either, but the calm will only be temporary during the week with “the central bankers who will give the + the +, as well as some corporate results”, particularly in the United States , he emphasizes.
On Wednesday, the minutes of the last meeting of the American Central Bank (Fed) will give new insights to the market on the state of mind of American officials regarding the rate cuts, so awaited by investors.
The last meeting took place on May 1 and the initial message, excluding a rate hike despite the persistence of inflation, reassured investors. Since then, this feeling has been reinforced by a slowdown in the labor market and inflation, allowing the American and European indices to once again break their records.
On Thursday, the May PMI activity indices for several euro zone countries and the United States will be released.
Massive order for Airbus
The Saudia group, which owns the Saudi national airline of the same name, announced Monday that it would place a firm order for 105 Airbus planes (+1.25% to 160.94 euros), welcoming a “historic agreement”, the most important in the history of the rich Gulf monarchy.
In the same sector, the equipment manufacturer Safran gained 1.92% to 212.50 euros and Thalès 1.20% to 169.00 euros.
Renault drives with Luca de Meo
Luca de Meo will serve a second four-year term at the head of Renault (-0.82% to 49.79 euros), the car manufacturer confirmed on Friday, while the manager’s remuneration was contested by more than one quarter of its shareholders.
Furthermore, discussions failed between Renault and Volkswagen for a possible collaboration around an entry-level electric car, a source within the French manufacturer said on Friday.
Danone finalizes exit from Russia
The agri-food giant Danone announced on Friday that it had finalized the sale of its activities in Russia, where it was established in 1992, according to a press release.
The group sold its subsidiary in Russia to a businessman linked to Chechen leader Ramzan Kadyrov, of which it had already lost control. The action ended stable at 54.94 euros.
OL’s comeback applauded
The Eagle Group share (formerly OL-Group) jumped 3.29% to 2.20 euros the day after the last day of the French championship, which saw Olympique Lyonnais secure qualification for the Europa League. Last after 14 days, the team won 7 of its last eight matches to return to European competition after two years of absence.
Clariane jumps
The private retirement home company Clariane (formerly Korian) jumped 22.67% to 4.42 euros, after already increasing by 10% on Friday. The company announced the entry of the investment company HLD Europe into its capital for 20%.
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