The control room of Euronext, the company which manages the Paris Stock Exchange, at La Défense, November 21, 2019 ERIC PIERMONT
The Paris Bourse recovered 0.41% on Friday morning but remained focused on information around the Omicron variant and the reduction in monetary support from central banks.
At 9:30 a.m. the flagship CAC 40 index gained 26.88 points to 6,822.63 points. Thursday the Parisian odds had lost 1.25%. Since last Friday, it has been rocketing, just like other stock markets.
“Investors remain nervous about the Omicron variant”, notes Christian Parisot, analyst for Aurel BGC, stressing “still strong uncertainties” around the effects of this variant.
The markets were already worried about the resurgence of the Covid-19 pandemic even before the discovery of the Omicron variant last week, given that a fifth wave of contamination is affecting Europe forcing health measures to be strengthened.
In France, nine cases of infection with this variant were detected in Reunion and in “five regions of metropolitan France”, according to the health agency. The number of total new cases and hospitalizations are on the rise.
Two scientific studies suggest an increased contagiousness with the Omicron variant, and the World Health Organization (WHO) considers “high” the “probability that Omicron spreads on a global level”, even if many unknowns remain: contagiousness, effectiveness existing vaccines, severity of symptoms. To date, however, no deaths associated with Omicron have been reported.
Apart from health information, “today’s session will be devoted to the figures of [département du travail américain] on employment “in the United States, argues Tangi Le Liboux, strategist at Aurel BGC.
The Fed had so far not been in a hurry to reduce monetary support, preferring to ensure beforehand that the economic recovery was solid in the United States and that the labor market had recovered from the crisis. crisis.
However, the president of the US central bank changed his tone on Tuesday, believing it was time to stop talking about transitory inflation and envision a faster than expected reduction in the institution’s asset purchases, paving the way. to an increase in key rates from 2022 to limit inflation.
Solutions 30 finds its banks
The subcontractor for telecoms and energy operators Solutions 30 announced in a press release on Friday that it would find “a usual mode of collaboration” with its banks.
“This decision comes within the framework of the conciliation procedure”, adds the company which had experienced difficulties to have its 2020 accounts certified. The company also published a stable turnover in the third quarter. Its share jumped 11.38% to 7.05 euros.