The Paris Stock Exchange kept the pace of its previous sessions with a slight increase of 0.34% at the close on Tuesday, fueled by the hope of a slightly less strict policy from central banks in the coming weeks.
The flagship CAC 40 index gained 22.63 points, 6,592.58 points, in a once again low trading volume of 2.47 billion euros. The day before, he had taken 0.25%. He has recorded four rises in the last five sessions.
The overall framework for the month of August remained the same on Tuesday confirms Guillaume Chaloin, head of equity management at Meeschaert Amilton AM.
Investors take with detachment the mixed economic indicators published in recent days, as on the US real estate sector on Tuesday.
We returned to the theme bad news is good news explains Mr. Chaloin.
Investors hope that a deterioration in economic activity, coupled with the slowdown in inflation, will encourage central banks to be less strict on their monetary policy. Expectations of key interest rate hikes by the American Central Bank (Fed) for the rest of the year have thus fallen compared to the start of the summer.
Wednesday, the report of the discussions of the last meeting of the policy committee of the Fed will allow to better gauge the state of mind of the persons in charge of the institution.
Oil and mines give energy to indices
In the red on Monday with the fall in oil prices and concerns about activity in China, companies linked to oil and mining this time pulled the index up, after notably well-received results from the Australian BHP.
ArcelorMittal rebounded by 3.13% to 24.87 euros, Eramet by 7.40% to 107.40 euros. TotalEnergies also took back 1.56% 51.50 euros.
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Aviation takes off
Several companies linked to aeronautics, and in particular defense, made significant progress on Tuesday, such as Thals (+2.55% to 124.55 euros) and Airbus (+1.60% to 110.54 euros) on the CAC 40 or Dassault Aviation ( +2.44% 147.00 euros), Eutelsat (+4.32% 9.18 euros), and Aroports de Paris (+2.06% 144.85 euros) on the expanded SBF 120 index.
Tech is blowing
Technology has been the hardest hit sector, after the rebounds in recent sessions. It is particularly affected by the rebound in interest rates on the bond market, that for the French 10-year loan having erased its decline on Monday to return to 1.55%. Teleperformance fell by 1.80% to 310.40 euros, Dassault Systmes by 1.49% to 42.75 euros, Capgemini by 0.34% to 188.25 euros.