Friday, January 21

The Paris Bourse ends its penultimate session of the year up slightly

The Paris Bourse ended its penultimate session of the year up 0.16% on Thursday, still confident about the economic outlook despite the surge in Covid-19 contaminations.

The CAC 40 star index rose 11.71 points to 7,173.23 points. On Wednesday, it ended 0.27% lower after setting a new session record, above 7,200 points.

While the last session of 2021, Friday, will only be half a day for the Parisian market, most operators have already deserted the trading rooms, as evidenced by the low volumes since the start of the week.

The Frankfurt Stock Exchange closed its last trading day of the year at 2 p.m. Thursday, and Milan also closed at 5.30 p.m. until Monday.

The German market has grown by 15.79% since January 1 and the Italian stock market by 23%.

“The markets are generally well oriented today”, from Hong Kong to Paris, via New York, “the trend is calm and positive,” notes Nicolas Budin, head of equity management at Myria AM.

If the Omicron variant does not particularly worry the markets, it is because there are “no fears about the coming year”, assures the analyst.

In France, as in the United States, the number of Covid-19 contaminations continues to increase, under the effect of the Omicron variant: the symbolic milestone of one million daily contaminations in the world was crossed for the first time on the period from December 23 to 29.

However, new hospitalizations are progressing only slowly and investors do not anticipate further bottlenecks in the economy.

In the longer term, the context is rather positive for the markets in 2022: “we are expecting growth in corporate profits and monetary and budgetary policies are still accommodating,” adds Mr. Budin.

Among the few indicators for the week, weekly jobless claims in the United States fell back below 200,000 during Christmas week, and the four-week average is at its lowest since 1969.

New order for Airbus

The American lessor Aviation Capital Group (ACG) has placed a firm order for 40 aircraft with Airbus and signed a memorandum of understanding for 20 A220 single-aisle aircraft. The total amount of this order, once finalized for the A220s, amounts to more than six billion dollars at the theoretical list price, according to the last tariff published by Airbus in 2018. The European aircraft manufacturer won 0.50 % to 112.68 euros.

  1. Euronext CAC40

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