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Paris (AFP) – The Paris Stock Exchange fell 0.54% Thursday, after three sessions of increases, at the peak of corporate results and before the meeting of the European Central Bank in the early afternoon.
The featured index fell 34.17 points to 6,242.14 points around 9:45 a.m. The day before, he had taken 0.41%.
Stocks were subject to strong swings due to corporate results, although the change in the index as a whole was moderate.
But the general trend of stock market indices is promising with several signs showing that central banks could reach their pivot towards less strict monetary policies in the coming weeks.
After the Reserve Bank of Australia earlier in the month, the Canadian Reserve Bank raised its key rate less than expected by analysts on Wednesday. The governor showed that the institution “gave much more importance to the effects of the “economic” slowdown when developing its strategy”, retains Michael Hewson, analyst at CMC Markets.
But the ECB’s change of course is not expected to happen immediately: a 0.75 percentage point rate hike is taken for granted by analysts, the second of this magnitude in a row.
Interest rates on French debt rose again after a start to the week marked by a relaxation: interest for the 10-year loan rose to 2.70% around 9:45 a.m., against 2.64% on Wednesday at the end of the week. fencing.
More than 6.5 billion dollars in profit for TotalEnergies
The French oil group TotalEnergies announced Thursday that its profit had soared 43% in the third quarter compared to the same quarter of 2021, to 6.6 billion dollars, benefiting from record gas prices, which have soared since the invasion of Ukraine by Russia. The action rose 2.34% to 54.15 euros.
The distribution does good business
The shares of the Carrefour and Casino retail groups jumped respectively 5.59% to 16.25 euros and 26.66% to 11 euros on Thursday on the Paris Stock Exchange, in the wake of the publication of results which showed an increase of their income despite inflation.
Technology under pressure
The Franco-Italian semiconductor group STMicroelectronics benefited in the third quarter from strong demand for its products, with a net profit of $ 1.1 billion at a key.
But the title fell 3.98% to 33.54 euros, like other technology stocks such as Capgemini (-2.01% to 170.55 euros), Dassault Systèmes (-2.52% to 34.77 euros), or even Teleperformance (-1.59% to 271.60 euros).
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