The Paris Stock Exchange ended in the green on Thursday, after a session that was not very eventful and without major economic indicators, in the absence of American investors due to a public holiday in the United States.
The flagship index of the Paris Stock Exchange, the CAC 40, gained 0.51% or 37.86 points to 7,490.28 points. On Wednesday, it finished down 0.49% at 7,452.42 points.
Grégoire Kounowski, investment advisor at Norman K, interviewed by AFP, evokes a session with “not many players and not much liquidity with the United States” absent, Wall Street usually giving the “la” over the others financial centers of the globe.
American markets are in fact closed on Thursday due to a day of national mourning declared for the death of former President Jimmy Carter.
Mr. Kounowski recalls that the indices are inherently biased, like the CAC 40, which is not “an exact representation of the French economy, “the biggest values (of the index being) those of luxury”.
And the luxury sector “is doing better”, with “cheap buyouts”, he notes.
For the expert, the “real” session should be that of Friday, with the return of American investors but especially with the publication of statistics on employment in the United States in December, likely to guide expectations on monetary policy of the American Federal Reserve (Fed).
The car brakes
The automobile sector suffered Thursday in Paris, mainly “because of China”, notes Grégoire Kounowski.
Manufacturers and equipment suppliers are indeed suffering from Chinese competition.
Retail sales of electric and hybrid cars in China increased by 40.7% in 2024 compared to 2023, according to figures published Thursday by a professional federation, confirming the advance of the Asian giant in a sector strongly supported by Beijing.
In comparison, these vehicles represented only 22.6% of sales in the European market last November, according to the European Automobile Manufacturers Association (ACEA).
Renault lost 2.84% to 45.81 euros, the biggest drop in the CAC 40 during the session. Michelin also lost 1.55% to 31.04 euros, Stellantis 0.27% to 12.42 euros and the automotive supplier Forvia lost 2.61% to 8.37 euros.
Dassault changes direction
The CEO of Dassault Aviation (-0.19% to 205.80 euros) Eric Trappier took over Thursday as president of the industrial group Marcel Dassault (GIMD), replacing Charles Edelstenne, historic pillar of the family empire, announced the group in a press release.
Euronext CAC40
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