The Paris Stock Exchange is hovering around balance on Thursday in the first trades (+0.06%), after several sessions of increases and before the meeting of the Bank of England, for which investors are hoping for a sign towards a decline in prices. key rates soon.
The flagship CAC 40 index advanced by 4.59 points to 8,136.00 points around 9:15 a.m. On Wednesday, it achieved a fourth consecutive session of increase (+0.69%) to reach its highest closing level since April 4.
The Parisian coast reversed the trend on Friday after its decline during the second part of April with the report on American employment, whose data were less good than expected gave investors hope on the timing of rate cuts. the American Central Bank.
The emerging recovery of the European economy also contributed to the good atmosphere on the markets on Monday.
On Thursday, favorable economic news came from China. Exports started to rise again in April, while imports far exceeded analysts’ expectations, according to official figures, good news for the recovery of the world’s second largest economy.
Investors are now awaiting monetary policy measures from the Bank of England at midday. The institution is expected to leave its rates unchanged for this meeting this month, but some think there is a small chance that it will lower them in June, like the European Central Bank, explains Ipek Ozkardeskaya, analyst at Swissquote.
The Swiss and Swedish central banks have already lowered their rates for the first time in 2024 thanks to the decline in inflation.
What is interesting is the determination of the Europeans and the British to relax their monetary policies regardless of what the American Central Bank does, despite the risk of seeing their currencies depreciate, which is a factor of inflation, explains Ipek Ozkardeskaya.
On the bond market, the 10-year French State interest rate rose to around 2.95%, compared to 2.94% the day before closing.
The banking sector moving forward
The variations of CAC 40 companies are small overall, but the entire banking sector is adorned with green: Crdit Agricole took 0.52% to 15.47 euros, Socit Generale 0.52% to 25.08 euros and BNP Paribas 0. 46% 70.26 euros. The insurer Axa gained 0.51% 33.45 euros.