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Paris (AFP) – The Paris Bourse kept its momentum on Tuesday and recorded its fourth consecutive session in the green, supported by the ebb in the price of gas on the futures markets and by better than expected corporate results.
The star CAC 40 index gained 0.44%, or 26.34 points to 6,067 points.
Investors can “rejoice in an autumn which promises to be mild so far and which allows us not to be in tension on our energy markets”, as well as the “reflux in the price of gas on the futures markets “at a lowest level since June, comments Vincent Juvyns, strategist for JP Morgan AM.
But, “in no case do the fundamentals come here to support the rebound which is of a more technical nature”, he warns, “We are in a phase of very very volatile markets”, marked by strong corrections and strong rises. .
For now, we should “certainly not claim victory over a results season that promises to be very complicated”, but discern “caution on the equity markets which still have a lot of challenges to digest”, with stubbornly high inflation. , rising interest rates and slowing economic growth.
German investor sentiment picked up slightly in October but remained very weak as Europe’s largest economy approached a winter recession once morest a backdrop of excessively high energy costs for industry.
Publicis raises its annual forecasts
The global communications giant saw “nowhere a material impact of the crisis” and continued in the third quarter to record double-digit sales growth (+23.5%). The action took 2.31% to 56.76 euros, while the group raised its annual forecast.
Eurofins confirms its objectives
The turnover of this specialist in laboratory tests, whose activity had exploded thanks to Covid-19, fell very slightly in the third quarter (-0.5%). But the group confirmed its objectives for 2022. The action, however, fell 2.68% to 62.40 euros, losing more than 42% since January 1.
© 2022 AFP
