The Paris Bourse remains optimistic (+ 0.41%) before the ECB

The Paris Bourse remains optimistic (+ 0.41%) before the ECB
The Paris Bourse remains optimistic (+ 0.41%) before the ECB
The Paris Bourse remained in the green Thursday at midday (+ 0.41%), after reaching a new high in more than twenty years, before the publication of the minutes of the European Central Bank (ECB).

At 1:05 p.m. (11:05 a.m. GMT), the CAC 40 index took 24.84 points to 6,155.50 points. It rose shortly after the opening to 6.171.45 points, a level not seen since November 28, 2000. The day before, it had ended in equilibrium (-0.01%).

For its part, Wall Street should open in scattered order.

The day before, the Fed had already published its monetary policy report, where it confirmed “a strong rebound in activity across the Atlantic”, analyzed Christopher Dembik, associate director at Berenberg.

“Its members praised the Biden administration’s stimulus package which exceeded their expectations. However, they made it clear that a change in monetary policy in the short to medium term was not on the cards, which should be reassuring. investors on the Fed’s intentions, ”he continued.

US Central Bank officials, on the other hand, were more divided on how inflation will develop, some worrying that prices will rise too high while others believe it will remain low.

The market will also be attentive to an IMF press conference at the conclusion of the spring meetings, and a debate on the economy with the IMF, the Fed, the WTO and the heads of the Eurogroup.

The market will also take notice, on the indicator side, of weekly claims for unemployment benefits in the United States.

Among the figures already published, orders placed with German industry rose again in February, driven by the domestic market, despite a drop in orders from abroad which had hitherto carried the sector.

In France, the trade deficit widened in February to reach 4.8 billion euros due to a resumption of imports, especially energy, customs announced Thursday.

Europcar reverses the trend

In terms of values, the lessor Europcar lost 0.54% to 0.28 euros, after having moved into the green. The group posted a 45% drop in turnover and a net loss of 645 million euros for its 2020 financial year.

Alstom in shape

Alstom gained 0.89% to 44.17 euros. SNCF has placed an order with the railway manufacturer, on behalf of the Auvergne-Rhône-Alpes, Bourgogne-Franche-Comté, Grand Est and Occitanie regions, for the first twelve French hydrogen trains, the first tests of which are announced at the end of 2023.

Banks lagging behind

The decline in borrowing rates on the bond market penalized bank stocks.

Societe Generale lost 2.01% to 22.21 euros, BNP Paribas lost 0.90% to 51.82 euros and Crédit Agricole fell 0.18% to 12.48 euros.

  1. Euronext CAC40

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