Who would've believed that?
At its lowest at the end of last summer, the CAC 40 made a comeback that no one had seen coming, and which accelerated in early 2023.
“In the fall, we were stunned with bad news.
The economy was to go into recession.
We were under the threat of an electrical blackout
,” recalls Nicolas Chéron, independent financial analyst.
A pessimism belied by the facts.
The flagship Parisian index has reached unprecedented heights: it peaked at 7387 points in session last Thursday, a new record.
Even if it fell to 7295 points on Monday, it remains at a very high level.
The CAC 40 was driven by the insolent health of luxury stocks, which weigh heavily in the Parisian index (+30% for LVMH from October to February, +45% for Hermès, etc.) and by the rally in banking stocks ( + 45% from October to February for BNP Paribas, + 30% for Société Générale), supported by high interest rates.
Overall, the 2022 results of the flagships of the CAC 40 were very good
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