The Paris Stock Exchange sets a new closing record this Tuesday

The Paris Stock Exchange gained 0.65% on Tuesday, remaining confident in the solidity of the economy ahead of announcements from the American Federal Reserve, which meets on Tuesday and Wednesday. The star CAC 40 index gained 52.91 points to 8,201.05 points, a new closing record. On Monday, it fell 0.20%. The entire week is dominated by central bank meetings, starting with that of the Bank of Japan, which raised its key rate on Tuesday and put an end to the negative rate policy that it was the last to practice.

The Japanese monetary institution has maintained negative interest rates since 2016 in order to support the country's economic activity and encourage inflation. It had not raised its rates since 2007. The outcome of the meeting of the American Federal Reserve (Fed) will be known on Wednesday after the close of the European markets. “We know that the Fed is not going to lower its rates right away because the macroeconomic figures are good,” predicts Philippe Cohen, portfolio manager at Kiplink Finance. He expects “maximum two rate cuts” this year, starting in July.

The rebound in inflation in the United States should indeed encourage the Fed to remain cautious and wait before starting to lower its rates. Investors will especially scrutinize economic forecasts. In this context of waiting for rates to come down, the markets should focus again on company results and the health of the economy, according to Mr. Cohen, who recalls that good company publications are at the origin of the jump in stock market indices at the start of the year.

Atos fell 19.16% to 1.74 euros after Tuesday's announcement of the end of discussions with Airbus for the purchase of its "big data" and security activities from the IT company. Airbus shares rose 1.81% to 166.18 euros. Atos also announced that it would postpone the publication of its 2023 annual results, scheduled for Wednesday, “in the near future”, “in order to allow it to evaluate its strategic options”. After the market closed, the State announced that it would propose “a national solution for the protection of strategic activities”, according to a press release from the Ministry of the Economy.

After strong increases in recent weeks, the semiconductor sector is the victim of investor profit-taking. In Paris, STMicroelectronics lost 2.96% to 40 euros. The CEO of Aéroports de Paris (ADP) Augustin de Romanet, whose second term ends in May, will not be renewed for five years as he hoped, said the daily Le Monde on Monday, two days before a council meeting. crucial administration. Contacted by AFP, the group declined to comment. The company's shares rose 1.36% to 126.40 euros.