2023-04-18 16:36:10
The Paris Stock Exchange set a new session and closing record on Tuesday, pushed slightly by the resumption of activity in China.
The star CAC 40 index gained 35.45 points, ending at 7,533.63 points, its highest closing level. In session, it even peaked at 7,559.35 points.
The Parisian rating opened higher and kept the same course throughout the session, with the new economic data from China.
The gross domestic product (GDP) of the world’s second largest economy grew more than expected in the first quarter, by 4.5% over one year, and retail sales confirmed their recovery in March, advancing by 10.6% over a year, their fastest pace since June 2021.
Enough to give some impetus to the luxury sector, which had fallen sharply on Monday following a prosperous week. LVMH took over 0.45% to 877.50 euros, Kering 0.67% to 571.70 euros, and Hermès 1.76% to 1,972.00 euros.
The corporate earnings season continues to enliven the market in the United States and Europe and are generally well received by investors.
“The tension between the good health of the private sector and higher and persistent underlying inflation makes the task of central banks more difficult”, warns Paola Monperrus-Veroni, economist for Crédit Agricole.
A sign of tensions in the debt market, the cost of French borrowing remained above 3% on Tuesday, a threshold it had exceeded on Friday for the first time since the first days of the March banking crisis.
Jackpot for Bollore
One wants to further strengthen its logistics division, the other to refocus on the media: CMA CGM and Bolloré announced on Tuesday that they were negotiating the takeover of Bolloré Logistics by the Marseille shipowner, for an enterprise value of 5 billion euros. .
The Bolloré group jumped 5.27% to 6.09 euros and Vivendi, controlled by Bolloré, soared 6.32% to 10.08 euros.
Lagardère benefits from the rebound in air traffic
The Lagardère group achieved a turnover of 1.7 billion euros in the first quarter, up 28% thanks to the continued rebound in air traffic, particularly in China. The action took 1.49% to 23.85 euros.
Aéroports de Paris gained 0.15% to 134 euros, while the major airports serving Paris suffered from strikes by air traffic controllers against the pension reform, which caused them to lose around 470,000 passengers in the first quarter.
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