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Paris (AFP) – The Paris Stock Exchange offered itself a sharp rebound on Thursday, in rickety trading volumes, guided above all by the positive trend on Wall Street while uncertainties remain concerning the impact of the reopening of China on inflation. and growth.
After an opening in decline, the flagship CAC 40 index turned around, enlightened by an upturn on Wall Street, and recovered 0.97%, or 62.98 points, to 6,573.47 points. On Wednesday, it fell 0.61% amid uncertainties related to China. In a very sparse market in the midst of a truce for confectioners, the variations tend to be amplified.
At the close of the penultimate session of the year, the Parisian rating posted a decline of 8.10% compared to December 31, 2021, the year at the end of which it had jumped by 28.85%.
On Tuesday, investors were satisfied with the sudden end this month of the “zero Covid” policy in China, which should encourage a resumption of foreign travel by Chinese. On Wednesday, they changed tack, focusing instead on the negatives of a reopening of China, including the explosion in Covid-19 cases and fears of a revival of inflation.
“Investors leave 2022 with a lot of bitterness and disappointment because at the same time last year, we were in a post-Covid period with a recovery in the global economy which augured an excellent year in continuity. of 2021″, analyzes Franklin Pichard, managing director of Kiplink Finance.
Instead, he describes, “the bad news piled up”, with the war in Ukraine, the bottlenecks in supply chains caused by the resumption of activity, soaring energy prices and the powerful tightening of monetary policy to curb inflation.
While “no place of assets was preserved in 2022”, recalls the expert, market operators are approaching the coming year against a backdrop of “soft music that is more and more insistent, which suggests that the the big date of the recession is going to be for the first half of 2023”.
All forty company stocks making up the CAC 40 index ended up in the green.
© 2022 AFP