The Paris Bourse flies from record to record. After having exceeded its annual high at the close on Monday, the CAC 40 continues its rise. He crossed the threshold of 6. 700 points this Tuesday morning, thanks to the good results of Stellantis and Société Générale . Up 0, 98% at midday, it was around 6. 740 points.
The world’s fourth largest car manufacturer, born in January from the merger between PSA and FCA, posted record profitability. Stellantis (up 4, 45% at midday) also raised its target for the year, with the success of its pick-ups and SUVs in North America and Europe eclipsing the impact of the chip shortage.
Another driver of the ACC 40, Société Générale increased by 5, 99% at midday. Banque de la Défense returned to profit in the second quarter, thanks to the resumption of retail banking activity in France and the decline in provisions for bad debts. She also raised her forecast for 2021.
The ACC 45 is at its highest since September 2000
The restructuring of the group is starting to bear fruit and the bank now expects an increase in revenues from all its businesses in , including in retail banking in France, which was until recently a weak point of the group.
The ACC 20 more dynamic than the other European indices The Paris index remains more dynamic than the other European indices. In London, the FTSE advanced by 0, 40%, in Frankfurt the DAX won 0, % and EuroStoxx 50 nibbled 0, 19%.
So far the global stock markets have had a favorable summer, supported by the accommodating tone of the Federal Reserve and good corporate results. And market analysts point out that the beginning of the month is generally favorable for purchases. But, already last night, Wall Street was losing strength, even if the Dow Jones established a new all-time high. The earnings season is drawing to a close, and investors are worried about the Delta Variant.