The Paris Stock Exchange ended up 0.39% on Friday, which does not allow it to be balanced over the whole week, loaded with indicators and business results.
The star CAC 40 index rose 25.63 points to 6,533.77 points. Over the week, however, it fell by 0.72%.
After a sharp rise at the opening and then a new impetus at the start of the followingnoon, the Parisian rating once once more fell in the last part of the session, following the opening of the American markets.
Over the month, the flagship Parisian index fell by 1.89%, its third monthly decline of the year, only cut by the stability of March (+0.02%). Since January 1, it has lost 8.66%.
“It is very difficult to know the situation in the medium term” recalls Vincent Juvyns, in charge of strategy at JP Morgan AM. This explains the desire of investors to be “less exposed to the markets as a whole”.
He mentions in particular the risks of aggravation of the war in Ukraine, pointing to “the absence of de-escalation” on the 65th day of the invasion, which suggests a stalemate in the conflict.
Moscow notably claimed responsibility for the strike that took place Thursday on kyiv in the middle of a visit by UN Secretary General Antonio Guterres, sparking a Western outcry.
Economic indicators continued to deteriorate during the month. After the contraction of the American GDP in the first quarter unveiled on Thursday, it is the growth in the euro zone which has slowed down sharply, to 0.2%.
The French gross domestic product meanwhile stagnated over the first three months of the year, we learned on Friday.
Conversely, inflation continues to be at its highest. In April, it reached a 37-year high in France (4.8%), while that of the euro zone, measured slightly differently, remained at its highest, at 7.5% over one year in April .
“Fortunately, the good employment rate still reassures households, which continue to consume,” notes Mr. Juvyns.
In addition, the week was also marked by numerous corporate results, in the United States as well as in Europe and in Paris.
“For the moment, the season is correct”, the performance of companies being at similar levels to other years, above market expectations on average, observes the expert.
Thus, the top of the weekly performance ranking of the CAC 40 is occupied by companies that published their results this week, such as Worldline (+6.95% to 38.16 euros), Dassault Systèmes (+5.87% to 42, 54 euros, Danone (+4.38% to 57.64 euros), or TotalEnergies (+2.95% to 47.23 euros).
Corporate earnings releases continued to drive this session’s swings.
Saint-Gobain hailed
The massive housing insulation plans launched across Europe to save the climate are doing the business of the materials giant Saint-Gobain, which took 1.35% to 56.33 euros following the announcement of a sharp rise of its turnover.
Seb just within expectations
The small household appliance specialist Seb (-4.66% to 114.70 euros) announced that it is maintaining its objective of sales growth in 2022 despite “the geopolitical and health situation” following the publication of a turnover in line with market expectations.
Euronext CAC40