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Paris (AFP) – The Paris Stock Exchange ended up slightly up 0.26% on Tuesday, during a session where the indices fluctuated little, still awaiting results from companies in Europe.
The star CAC 40 index gained 18.46 points to 7,050.46 points. The day before, he had regained 7,000 points thanks to an increase of 0.52%.
The Parisian rating moved a little up in the morning, a little down in the followingnoon, to return to green at the end of the session, Wall Street also recovering a little following mixed corporate results.
The CAC 40 is now close to its level of January 18, the highest closing point of the year, before an air pocket the next day sent it well below 7,000 points.
“It’s the end of a sequence of macro-economics, we get to the heart of the matter” to determine “how companies have digested cost increases” due to inflation, summarizes Lionel Melka, director of research at ‘Homa Capital.
The United States has given the first lessons and the accounts of companies have, according to him, reflected “the feverishness of consumers”.
If the results across the Atlantic of the day had little impact in Europe, those of the American technological giant Microsoft “can send an icy shock wave”, in the event of a bad surprise, he warns.
In Europe, the news will increase, with in particular LVMH on Thursday following the closing or Alstom on Wednesday before the opening.
Economic activity in the euro zone returned to growth in January following six months of contraction, increasing the likelihood that a recession will be avoided this winter, according to the Flash PMI index published on Tuesday by S&P Global.
“Recession fears are easing but that also means that the European Central Bank will hit hard”, with significant key rate hikes to come to fight inflation, and which are much higher than those anticipated for its American counterpart, thinks M Melka.
In France, however, private sector activity contracted in January for the third consecutive month, due to a decline in manufacturing output.
Xavier Niel in the running to take over M6’s TNT frequency
The TF1 share lost 0.14% to 7.26 euros and that of M6 lost 0.19% to 15.61 euros.
Businessman Xavier Niel, owner of the telecoms group Iliad (Free) and shareholder of several press titles, is a candidate to take over a DTT frequency as part of the renewal of those of TF1 and M6. This application, submitted via his company NJJ Project 5523, targets the current frequency of M6.
© 2023 AFP
