The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / Eric PIERMONT)
On Tuesday, the Paris stock exchange rose sharply by 2.22% in the first trading, on the back of the previous two sessions, as investors regained a taste for risk hoping for more flexibility in central bank policies.
The CAC 40 stellar index took 128.75 points to 5,922.90 points around 9:35 am, after two increases of 1.51% and 0.55%. It is therefore moving away from the lows of the year and returning close to the level of 22 September.
“For now, we can all take a deep breath and enjoy the positive atmosphere in global financial markets,” said Swissquote analyst Ipek Ozkardeskaya.
The advances on central bank policies continue to rain and shine on the markets. Flooded by the aggressive tone of the US Federal Reserve at its meeting on September 20 and 21, investors are once again likely to hope for an easing of its turnaround.
Manufacturing activity is slowing according to indicators released on Monday, fueling hopes of a decline in inflationary pressures in the US and Europe.
“US investors see bad news as good news. This means we are starting to see some easing in central bank positions,” Ozkardeskaya said.
The Reserve Bank of Australia also raised rates by just 0.25 percentage points on Tuesday, instead of the 0.50 percentage points forecast by analysts.
Investors await a first indicator on US employment, which will pick up momentum before the official monthly report is released on Friday.
M6 is no longer for sale
Bound by French regulations, the German media giant Bertelsmann finally chose prudence by giving up for the second time in a month to give up control of the French television and radio group M6, of which it is expected to keep the channel for the next five years. The stock fell 8.03% to € 11.45, after rising in recent weeks with speculations on the sale.
Green almost everywhere
All CAC 40 sectors have progressed, both technology (STMicroelectronics + 4.40% to € 34.17), construction (Saint-Gobain + 2.69% to € 39.16), health (Eurofins Scientific + 2.77% at € 64.48), luxury (Kering + 3.77% at € 475.55), or even banks (Société Générale + 2.29% at € 21.24).
Only Thales was in the red (-0.92% to 113.05 euros), around 9:30 am.