The Paris Stock Exchange edged up slightly (+0.09%) on Monday in the first exchanges, continuing the momentum of a start to the year with a bang thanks to the easing of the inflation threat and China’s economic reopening.
The CAC 40 star index rose 5.86 points to 6,866.91 points around 9:25 am, after a stable open. It closed up 1.47% at 6,860.95 points on Friday, the highest since February 18, 2022.
Over the course of the week, it rose 5.98%, a performance not seen since November 2020, when the announcement of the effectiveness of vaccines against Covid-19 restored optimism to global markets.
The Paris rating welcomed the decline in inflationary pressures, with good data in France and Germany at the beginning of the week, then the slowdown in the increase in average hourly wages in the United States on Friday.
The week’s data “fuels” those who believe the US Federal Reserve will be less tough in the coming months, according to John Plassard, investment specialist at Mirabaud.
A speech by Fed Chairman Jerome Powell on Tuesday and Thursday’s release of the CPI inflation gauge for December in the US will give them new guidance.
“So far, so good… Can it last?” asked the analysts of Banque Postale AM, believing that it is still “too early” to follow the conclusions drawn by the markets from the latest indicators.
Canal+ recovers OSC
The audiovisual group Canal+ (owned by Vivendi, -0.19% to €38.71) will acquire OCS, the pay-channel package from telecommunications operator Orange (-1.11% to €9.78), as well as its film and series co-production subsidiary , they announced in a joint press release on Monday.
The transaction amount is not specified. But according to the newspaper Les Echos, “it is not customary once, it is the seller, i.e. Orange, who pays the money to the buyer of Canal +”. In fact, OCS, which launched in 2008 and has about 3 million subscribers, is “leveraged and at a loss.”
Plastic: Danone sued
NGOs want a judge to force French yoghurt and water bottle multinational Danone (-1.06% to €49.11) to overcome its addiction to plastic that often fails in nature, in a summons consulted by AFP on Monday .