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paris

Roller coaster for the Paris Stock Exchange

by archyde November 25, 2022

The Paris Stock Exchange ended close to equilibrium on Friday (+0.08%), allowing it to post a weekly increase for the eighth consecutive time with the still present hope of a coming break in the tightening of policies monetary.

The star CAC 40 index rose 5.16 points to finish at 6,712.48 points. Over the week, it gained 1.01%, its eighth weekly increase in a row. It’s the best series of the year.

The index recovered another 7.11% in November, and since January 1, its losses have been only 6.16%.

As during the whole week, trading volumes were reduced by the absence of many American investors, the markets being closed for Thanksgiving on Thursday and open only for half a session on Friday.

The positive news across the Atlantic came from the confirmed hope of an easing in the monetary tightening of the American Central Bank (Fed), with the publication of the minutes of the last monetary policy meeting on Wednesday.

“The United States is coming down the mountain of inflation”, and the risk of it getting out of control “seems to be a thing of the past”, commented Patrice Gautry, chief economist at Union Bancaire Privée.

The trend is not the same in Europe, where several European Central Bank officials have insisted that the battle against rising prices is far from over in the euro zone.

“We are moving towards a further increase of 0.75 percentage point in the key rates of the ECB”, permitted in particular because “if activity slows down, it does so without major disruption” or abruptly continues Mr. Gautry.

Although this had no effect on the equity markets, bond yields suddenly rose on Friday. France’s 10-year borrowing rate rose to 2.43% from 2.28% on Thursday at the close.

However, it is still far from its peak at more than 3% at the end of September.

Worldline, best performance of the CAC 40

Worldline’s share price rose by more than 5.02% to 46.42 euros over the week, the best progression of the CAC 40 index. It is followed by Thalès (+4.96% to 122.80 euros) , which rebounded after several weeks during which investors abandoned the defense sector, and Air Liquide (+3.56% to 141.50 euros).

Only three companies fell over the five sessions: Airbus (-0.72% to 113.82 euros), Kering (-1.05% to 545.30 euros) which separated from the creative director of Gucci Alessandro Michele on Wednesday, and Teleperformance (-5.52% to 212.10 euros), still volatile after the content moderation scandal in Colombia.

November 25, 2022 0 comment

Economy

Man bought an iPhone of more than a million pesos online in Paris and received hair oil | National

by archyde November 22, 2022

On October 15, an entrepreneur from Concepción received a hair oil inside the parcel where his newly acquired iPhone 13 Pro Max should have been from the Paris store. The high-end phone cost him the sum of more than one million pesos, for which he manifests impotence and demands a response from Cencosud.

An entrepreneur from Concepción bought an iPhone 13 Pro Max online from the Paris store, however, when he opened the parcel he was surprised that a hair oil.

Is about Leonardo Aedowho denounced the facts in front of the cameras of the morning Our House from Channel 9.

The high-end phone you purchased costs more than a million pesosmobile phone that he intended to use for the audiovisual production work of the company to which he belongs, and that they are just starting with his group.

Katherine Toloza

For this reason, both he and his colleagues find themselves in a difficult situation, since it is the work tool they need to perform in wedding, photography and publicity events to which they are committed. The foregoing has harmed them financially, since they have had to cancel several.

Cencosud replied that “the product was delivered”

Aedo, when asking for an explanation from Paris -belonging to Cencosud- the statement they received from the consortium was, “the product has already been delivered”. The response did not satisfy the entrepreneur, who pointed, in his words, to the “lack of seriousness of a commercial group as large as Cencosud”.

“The response that the head of customer service at Paris Barros Arana gave us was that they reported that the product was delivered by the transport company, so we stood idly by (…) we have seen more of these cases in the news, and the coincidence is that it is the same transport company, Pipau.

They added that “they did not comply with the response deadlines that they indicate in their policies, and Sernac does a very simple investigation and the company responds to what it told us, so that is the issue.”

“We call Sernac’s attention to carry out an investigation accordingly”sentenced.

Regarding Paris, Leonardo indicated that it is the responsibility of said company, since they are the ones who also charge the dispatch in the billing, and assuming that it was the transport company that failed, he attributes the blame to Cencosud.

BioBioChile contacted Cencosud, who told the outlet that the consortium is aware of what happened and is in the process of investigating, gathering more information, and establishing contact with the client.
BBCL also tried to contact the transport company involved, Pipau. However, there was no response from the communication channels provided.

November 22, 2022 0 comment

Economy

The Paris Stock Exchange down, sensitive to macroeconomic indicators

by archyde November 17, 2022

The Paris Bourse closed down Thursday (-0.47%), after a session marked in particular by higher than expected retail sales figures in the United States and the presentation of the British budget.

The star CAC 40 index fell 31.10 points to 6,576.12 points. The day before, it had fallen by 0.52%, ending a series of four consecutive increases.

“The session was marked by the announcement in the United States of higher retail sales in October [que prévu]which raises questions about the future strategy of the American central bank”, which is waiting for signs of a slowdown in the economy to slow rate hikes, explained Grégory Bailly, financial investment expert at Milleis Banque.

Construction of new homes in October fell by 4.2% and building permit applications are also down by 2.4%, enough to rule out an improvement in the market in the immediate future.

Investors were also disappointed by the remarks of the president of the Fed of Saint-Louis (Missouri) on Thursday, doubting that the hikes in key rates so far have led them into “a sufficiently restrictive zone”.

The San Francisco Fed’s Mary Daly, meanwhile, warned that a hike in the overnight rate of another full percentage point would likely be needed, as it currently sits between 3.75% and 4%, also clearly ruling out a pause in monetary policy tightening for now.

“The presentation of the British budget, in a context where inflation has reached its highest level since 1981” also helped to pace the session, continues the analyst.

The UK is now in recession and its Gross Domestic Product (GDP) will fall by 1.4% in 2023, UK Finance Minister Jeremy Hunt has announced, along with £55 billion in spending cuts and of tax increases.

The operator Bouygues Telecom, which recorded a turnover up 5% over one year during the first nine months of the 2022 financial year, to 5.531 billion euros and confirmed its objectives, nevertheless closed on a loss of 6.50% to 28.49 euros.

Renault took the lead in the CAC 40 at the close on Thursday, with an increase of 2.31% to 32.78 euros, the day after the announcement of the acceleration of its employee shareholding plan.

Euronext CAC40

November 17, 2022 0 comment

News

Jetblue announces its arrival in Paris in the summer of 2023

by November 16, 2022

“JetBlue offers something quite unique compared to major international airlines on these routes, where a single Joint Venture operates almost three-quarters of the flights“said Robin Hayes, chief executive of JetBlue.

“Atout France would like to welcome JetBlue into the family of airlines that have chosen to serve France“said Anne-Laure Tuncer, USA director Atout France and regional coordinator for the Americas.

“With such demand, JetBlue comes at just the right time to introduce its American customers to the vitality and diversity of French offerings, new culinary itineraries, upcoming sporting events – such as the Rugby World Cup 2023 and Paris 2024 Summer Olympics and Paralympics – and everything that makes the reputation of France.”

November 16, 2022 0 comment

Economy

“Nobody would have bet on the fact that Paris would pass in front of London” – Liberation

by November 16, 2022

The disunited kingdomdossier

The total capitalization of companies listed in Paris exceeded that of the City of London for the first time on Tuesday. Brexit, political instability, failing budget plan… The reasons for Britain’s decline are multiple, according to financial analyst Alexandre Baradez.

Paris can be proud of being the leading stock exchange in Europe. The total capitalization of companies listed in the French capital for the first time exceeded that of companies listed in London on Monday 14 November. And this, despite a London FTSE 100, the main British index, more resilient than the Parisian CAC 40 in 2022.

The Paris Stock Exchange has a capitalization of 2,823 billion dollars, against 2,821 billion for its great rival according to the indices published by the economic agency Bloomberg. But if the two largest financial centers in Europe appear neck and neck, this is more akin to a decline of London than to a rise in power of Paris. In June 2014, the City weighed more than 4,000 billion dollars, against 2,234 for Paris. The head of market analysis of IG a financial operator Alexandre Baradez explains this unprecedented situation for Liberation.

How to explain that the business climate has deteriorated over the long term on the side of the City?

We must distinguish several things. Of course, Brexit had an undeniable effect on London’s decline. Entrepreneurs, who wish to list their company on the stock market, seek to go where there is the most visibility in order to attract investors and gain volume on the securities in question. By leaving the euro zone, the United Kingdom gave the impression of withdrawing into itself. For many entrepreneurs, Western Europe, with stock exchanges like Paris or Frankfurt, now appears to be the most visible place.

Some large investment institutions, notably American banks, had a large part of their staff operating from England, including on European deals. Post-Brexit regulations have forced them to migrate to Europe. De facto, with greater geographical proximity, the clients of these establishments have been offered more and more investment ideas within European companies.

There are also political reasons that explain the fall of the London place. A wobbly political environment sends negative signals to investors. On this point, Boris Johnson has undermined the credibility of the United Kingdom internationally with an erratic government, embroiled in several scandals. In this case, many international creditors choose another more stable geographical area or discard the shares they already hold.

The plan that Liz Truss wanted to put in place – centered on massive tax cuts for the poorest businesses and households – was the final episode that ended up weighing down investor confidence. With an already high debt/GDP ratio, the financial markets panicked, provoking the intervention of the English Central Bank.

Rishi Sunak the new Prime Minister, is a former banker, he knows the financial mechanisms very well. it is very likely that the United Kingdom will opt for a shift that could bring companies and investors back.

The first place acquired by Paris could only be ephemeral?

Nothing is final. Two or three years ago, no one would have bet on the fact that Paris could pass London. The United Kingdom will now do everything so that the influence of the London place rises.

Take the example of the FTSE 100, the equivalent of the CAC 40, which held up better over the year as a whole. If the FTSE held up better, it was thanks to the level of the pound sterling, which fell to its lowest level against the dollar for more than 30 years. This makes the assets cheaper for foreign investors, especially those using the greenback.

Attractive assets coupled with a stable policy could lift the stock market. The UK remains a very attractive power with financial know-how, technical capabilities, and trained teams.

You spoke of a strong attraction for Europe, but why does Paris do better than Frankfurt?

There were some signals related to the profile of the French president. Emmanuel Macron presented himself as pro-business, pro-innovation. He had declared that he intended to restore France’s attractiveness. The perception of government dynamics matters to investors. France has also taken on a much more central role since the departure of Angela Merkel from a global image point of view.

Additionally, the German DAX has suffered this year as it is on the front lines of the energy crisis. Indeed, it is made up of industrial stocks. Many groups listed in the DAX have fallen. In the CAC 40, industry does not weigh as much. Above all, luxury, the locomotive of the CAC 40 representing more than 30% of capitalization, has done very well. It is a sector very dependent on China. The positive signals sent by Beijing on a possible easing of health restrictions are therefore closely followed by investors and work in favor of Paris.

November 16, 2022 0 comment

world

Aid to Ukraine: Emmanuel Macron’s weapon turnaround

by archyde October 20, 2022

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PepekoOeupe Blheuululp

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October 20, 2022 0 comment

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