Tuesday, January 18

The Paris Bourse starts the year 2022 with records

The control room of Euronext, the company that manages the Paris Stock Exchange ERIC PIERMONT

The Paris Bourse broke its record at the close on Monday, exceeding 7,200 points during the first session of the year, taking advantage of the optimism of investors regarding the health situation.

The flagship CAC 40 index took 0.90% or 64.19 points to 7,217.22 points in a fairly low trading volume, in the absence of many operators. During the session, it climbed to 7,245.66 points, a level also unprecedented.

The previous records in session (7,201.65 points) and at the close (7,181.11 points) only dated from the end of December.

“The year has started well”, commented to AFP Daniel Larrouturou, equity manager of Dôm Finance. The rise in the CAC 40 “testifies to the optimism of investors who bet on a health situation which will improve”.

Market players believe that the meteoric growth of the Omicron variant “should not cause a total disorganization of the economy since many governments are reducing the duration of isolation of patients and their relatives”, detailed the analyst.

In France, from Monday, the isolation of people positive for Covid-19 with a complete vaccination schedule can be lifted after five days in the event of a negative test. There is no longer a quarantine for vaccinated contact persons, who must however perform regular tests.

In an attempt to curb the epidemic while preserving the economy, the government has also taken new measures, including imposing a minimum of three days of teleworking per week when possible.

Apart from the health news, investors had little news to chew on.

However, the agenda will fill up during the week. On Wednesday in particular, they will look carefully at the report of the exchanges of the last meeting of the US Federal Reserve, to find indications on the pace of the hike in key rates announced in mid-December.

In this context marked by investor optimism, “it is likely that the CAC 40 will beat its record several times in a row,” said Larrouturou.

Aeronautical values ​​have increased significantly: Airbus took 3.36% to 116.14 euros and Air-France-KLM 4.88% to 4.06 euros after an increase recommendation from Citigroup.

Car stocks also started the year on the right foot. The automaker Renault took 2.85% to 31.42 euros and its competitor Stellantis 3.81% to 17.31 euros.

EDF rose 2.47% to 10.59 euros after the project to label nuclear energy as “green” by the European Union as part of its taxonomy of investments contributing to the fight against climate change.

  1. Euronext CAC40


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