The Paris Stock Exchange ended sharply higher on Wednesday, chaining a third positive session allowing it to return to its highest since March 10 and the crisis in the banking sector in Europe.
The star CAC 40 index rose 98.65 points to end at 7,186.99 points, its highest level since March 10. In the session, he even briefly reached 7,200 points. The day before, it had gained 0.14%.
“The market has reassured itself about the situation of the banks”, even if it is not necessary to shout too soon at the end of the crisis, estimates Nicolas Budin, manager for Myria AM.
After the bankruptcies of SVB and Signature Bank in the United States, then the disaster takeover of Credit Suisse, the European indices had a new blow of heat on Friday because of the situation of Deutsche Bank, but quickly regained their composure.
The raids of French banks on Tuesday “could have led to a reaction throughout the sector in a stressful situation” but stock market prices ultimately changed little, he notes.
Investors are also reassured by the reactions of the authorities. “Various institutions in the United States have decided to carry out a major regulatory review of the banking system to take stock of the risks. But as long as the central banks are behind, there is no need to panic”, continues Mr. budin.
On the bond market, the rate of the French 10-year loan rose slightly, to 2.82%.
Airbus drags Atos into a turbulent zone
The European aeronautical group Airbus said on Wednesday that it would give up acquiring nearly 30% of Evidian, the company that Atos must create to house its cybersecurity activities in particular, a little more than a month after the opening of discussions in this direction. .
The action of Atos fell 16.75% to 10.71 euros, experiencing the worst performance of the broader SBF 120 index. That of Airbus, however, gained 1.84% to 120.90 euros.
SES in talks with Intelsat
European satellite telecommunications operator SES is in “discussions” with its American rival Intelsat regarding “a possible merger”, which would lead to another major merger in the race for the internet from space, according to a press release released Wednesday.
“At this stage, there can be no certainty that the operation will materialize,” warns SES in its document, released in response to “market rumours”. The action took 3.71% to 5.76 euros after a peak at more than six euros in the middle of the day.
The European operator Eutelsat, in discussion with the British Oneweb ended down 1.00% to 5.93 euros.
Trigano restarts
The vehicle and motorhome specialist Trigano posted a 13.2% growth in turnover on Tuesday in the second quarter of its staggered financial year, driven mainly by the increase in motorhome activity. The action took 5.18% to 117.70 euros, although it remains down 7.76% since the start of the year.