Posted 30 Dec. 2022 at 7:45 amUpdated 30 Dec. 2022 at 7:58 am
After a year that looks very much like an obstacle course, the Paris Stock Exchange is approaching 2023 with panache. Despite the Russian invasion of Ukraine, galloping inflation, the sharp rise in interest rates and the energy crisis on the Old Continent, the CAC 40 index did well. fall just 8% in 2022, following rebounding more than 15% from its low point reached on September 29. The resistance of the Paris Stock Exchange contrasts with the difficulties of Wall Street, where the S&P 500 fell by around 20% and the tech-heavy Nasdaq by 33%.
Most of the other European stock markets also did very well, from Madrid (-4%) to Frankfurt (-12%). London even manages to post a slight increase (+1.7%) over the year, driven by its mining and oil companies. As a result, European stock market indices have practically returned to their level before the outbreak of the war in Ukraine. And they still show significant increases compared to pre-pandemic peaks (+7% for the CAC 40).
