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Paris (AFP) – The Paris Stock Exchange ended up slightly up 0.42% on Thursday, appreciating without euphoria the latest information on the monetary policies of central banks.
The star CAC 40 index gained 28.23 points to 6,707.32 points, after spending a good part of the session around equilibrium. The index ends above 6,700 points for the first time since last April.
On Wednesday, he had taken 0.32% to finish at 6,677.97 points.
The Federal Reserve (Fed) ‘minutes’, the minutes of the U.S. central bank’s most recent meeting, revealed that a majority of members of the Fed’s Monetary Committee believe that a slowdown in interest rate increases rate will be “soon appropriate”.
As for the European Central Bank, the minutes of its October 27 meeting showed a certain division within the Governing Council.
The decided 0.75 percentage point increase was supported by “a very large majority of members”, but was nevertheless considered reckless by some around the table.
The rationale: “An overly aggressive pace of tightening could have knock-on effects on financial stability, economic activity and, ultimately, inflation,” according to the paper.
The French 10-year debt rate fell 9.5 basis points to 2.29% around 4:50 p.m. GMT, reaching its lowest level since mid-September.
Investors are also continuing to scrutinize the health situation in China, where the daily number of Covid cases has reached a new record according to the country’s authorities, with 31,444 new cases listed on Wednesday.
In terms of macroeconomic indicators, the business climate in France remained stable in November, for the third month in a row, two points above its long-term average, according to the National Institute of Statistics (Insee). .
For INSEE “the economic situation is deteriorating somewhat in industry, construction and services compared to October, but improving in wholesale trade compared to September”.
Gucci will change artistic director
The luxury group Kering (+0.29% to 547.70 euros) announced Wednesday evening that Alessandro Michele was leaving Gucci, after seven years as creative director. Mr. Michele has “contributed greatly to making Gucci what it is today”, but in recent years has failed to revive sales with the same vigor as its competitors, according to the company.
Renault signs a huge contract with Voltalia
The French producer of renewable electricity Voltalia has announced the signature with the automotive group Renault of a solar electricity supply contract for a power of 350 megawatts. This will enable Renault to eventually cover half of its electricity consumption.
Renault gained 3.15% to 34.26 euros and Voltalia 3.63% to 18.28 euros.
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