The CAC 40 offers a rebound and, for once, without the help of Wall Street

By fashionlifeshopping 05/03/2023 1318 Views

Faut-il y voir une inversion de tendance ou une pause dans la baisse ? Au lendemain d’une chute de près de 4%, la plus importante depuis l’apparition du variant Omicron fin novembre, la Bourse de Paris a repris ses esprits, son indice phare, le Cac 40, ayant regagné 0,74%, à 6.837.96 points.However, his rebound almost was undermined in the afternoon, shortly after the opening of Wall Street.The big Americans are down at a time when Paris is closing its doors.The Nasdaq Composite, which brings together the big names in technology, abandons more than 2%, after an increase of 0.63% on Monday.

Despite the rebound in Paris, the risks are still present, according to observers.The first of them is geopolitical.And is played at the borders of Europe.This Tuesday, it seems that the situation can degenerate at any time between kyiv and Moscow.The Russian armed forces have launched a new series of maneuvers in the south of the country, near Ukraine, and in Crimea, Ukrainian peninsula annexed in 2014.In the event of an attack, Westerners have promised unprecedented sanctions against Moscow...

J-1 before the Fed verdict

To these concerns are added those on the strategy of the American Federal Reserve (Fed).The members of its committee have been gathered since Tuesday, for two days, to determine the orientation to give to monetary policy.If there is no doubt that the rent for money will increase, several questions remain unanswered, such as the date of the first increase in guiding rates, its magnitude and the number of increases provided for in 2022.For the time being, investors are most of them bet on a rise in the rent of money of 25 base in March, but, some, less optimistic believe that there is a risk, certainly limited, that the Fedincreases surprise rates tomorrow.For the future, the scenario of economists is that of three to four additional rate increases by December and an earlier and faster start of quantitative tightening, which could start in June or September.In the general opinion, it appears that the Fed will not take the risk of destabilizing the market.Its monetary policy will become less accommodating, due to galloping inflation, without becoming very aggressive.

In Europe, the surprise improvement in the business climate in Germany has been welcomed.The IFO index increased by 0.9 points in January, a first since June, to stand at 95.7, against a withdrawal at 94.5 anticipated by the market."It is still early, but it seems that the conditions stabilized in January, the Ifo, PMI and Zew indices have all progressed.The Omicron wave being in the process of decreasing in February and March, the economy should reconnect with growth in the first quarter.For the moment, we anticipate an increase of 0.5% of sequential GDP, "comments Andrew Kenningham, European economist chief at Capital Economics.

Orpéa always in turmoil

Le Cac 40 s'offre un rebond et, pour une fois, sans l'aide de Wall Street

Sur le front des valeurs, Orpéa a de nouveau dévissé.Suspended from quote Monday in the middle of the day, the title of the EPHAD and Clinical Manager dropped by 20.35% for its recovery, the day after a drop of 16.1%.The book "Les Fossoyeurs", to be published on Wednesday, denounces abuses of mistreatment in the retirement homes managed by the group.Orpéa, whose image is seriously deceased, denies it and envisages judicial consequences in the case.

A l’inverse, Interparfums s’est adjugé 7,5%.The creator of luxury perfumes recorded an increase of 52.7% of its annual turnover to 560.8 million euros, against 550.2 million expected by analysts.The group confirmed its forecast of an operating margin of 15% in 2022, against 17% expected in 2021. Rémy Cointreau s’est également plié à l’exercice des résultats, mais l’accueil en Bourse a été plus froid.The title of the spirit group ended up with 2.08% withdrawn.The market regrets that management has not noted its forecasts for the offbeat exercise 2021-2022.

Au chapitre des analystes, Oddo BHF a relevé sa recommandation sur Publicis de « neutre » à « surperformance » et porté son objectif de cours de 58 à 70,50 euros. Jefferies, qui est à « achat », se montre « particulièrement haussier » sur les trois banques françaises cotées BNP Paribas, Crédit Agricole et Société Générale.The broker highlights a strong revaluation potential and attractive performance (in the form of dividend and action buyback).

against purchase offer