Published on : 02/09/2022 – 18:32
Paris (AFP) – A report well received by investors on the US job market allowed the Paris Stock Exchange to rebound strongly by 2.21% on Friday, not enough, however, to offset the previous six sessions down.
The CAC 40 index gained 133.20 points to 6,167.51 points, its biggest rise in a session since June 24, in a moderate trading volume of 2.9 billion euros. But over the week, it lost ground, 1.70%, widening its loss to 13.78% since the start of the year.
The Parisian rating had started its rebound from the opening, but in a modest way, before accelerating significantly after the publication of the monthly US employment report for the month of August.
The unemployment rate in the United States rose again in August, and job creations slowed, a paradoxically positive signal because the fight against inflation requires an economic slowdown, even if the American labor market remains wrought up.
“These figures are neither too good nor too bad, which pleases the markets. against inflation, explains Alexandre Neuvy, manager of Amplegest.
But “we are very dependent on data, day to day”, he nuances, each new publication moving the markets which adjust their economic scenario.
The stock market reaction was also amplified after the nine sessions of decline in the Parisian index over the last ten. Investors were marked by the determination of central bankers, particularly the Fed, to raise their key rates after a summer of hoping for a pivot.
On the debt market, France’s interest rate fell slightly, after three weeks of an upward trend, with the yield on the 10-year bond, which benchmarks, ending at 2.14%.
All the CAC in green
If all the values of the CAC 40 ended in the green on Friday, we find among the main winners values that have fallen sharply during the week such as ArcelorMittal (+ 4.29% to 23.23 euros) and TotalEnergies (+ 2.69% to 51.56 euros) in raw materials.
Engie (+3.01% to 12.17 euros) also rebounded the day after the announcement of a fifth project for a floating liquefied natural gas (LNG) import terminal by the German government, in which it will participate with Belgian TES and German Eon.
New parquet for Parker
Former basketball player Tony Parker made an appearance at the premises of the operator of the Paris Stock Exchange Euronext on the day of the IPO of the company Smart Good Things, which produces drinks and of which he is a director and shareholder .
The company went public via the direct admission technique, which means that the operation did not require fundraising. A few minutes before the close of the session, the share price had not moved, at 95.76 euros, which valued the company led by businessman Serge Bueno at just over 100 million. euros.
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