The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange rose Friday morning (+ 1.69%), resuming its ascent interrupted the time to welcome new announcements from the ECB and before employment figures in the United States.
At 09:18, the CAC 40 index gained 84.94 points to 5.096.92 points. The day before, it had ended in decline of 0.21% after three sessions of marked increase.
The rise is there “this morning in the wake of confirmation that the ECB was ready to do anything to revive the economy and pending the publication of US employment figures for the month of May 2020 “, summarized John Plassard, investment specialist at Mirabaud.
The unemployment rate for May in the United States, unveiled Friday, could however approach 20%. He will show the extent of the pandemic’s damage to the world‘s leading economy, shaken by anti-racist demonstrations that have highlighted the strong inequalities in the country.
Since the start of the Covid-19 pandemic in the United States, less than three months ago, unemployment has dropped from 3.5%, its lowest level in 50 years, to 14.7%, its highest high for 80 years.
But the European markets remain anchored on the idea of a resumption of economic activity in favor of deconfinemenent. And the European Central Bank came to bring water to their mill Thursday by further increasing its support program by 600 billion more which comes on top of the 750 announced in mid-March.
If the Parisian coast took the opportunity to breathe and take some profits Thursday, this new influx of liquidity is nevertheless good news for investors, in view of the damage caused by the coronavirus.
On the indicators side, Germany for its part recorded in April the worst published fall in industrial orders since 1991.
In terms of values, Unibail-Rodamco-Westfield took the lead in the CAC 40 index, leaping again, after a break day (+ 5.18% to 66.88 euros).
Banks were also in great shape in the aftermath of the ECB. Societe Generale gained 4.95% to 16.02 euros, BNP Paribas 3.73% to 37.77 euros and Crédit Agricole 3.23% to 8.83 euros.
The automobile was not outdone with an increase of 3.56% to 24.45 euros for Renault and 3.13% to 14.65 euros for Peugeot.
Airbus (+ 5.64% to 76.04 euros) and Air-France KLM (+ 8.48% to 5.37 euros) also had the wind in their sails.
abx / cd / spi