This may come as a surprise, but the CAC 40 index did not go into the red during the half-year results season. He has just lost 2% in one month, while many big names on the Parisian coast have announced heavy losses. “The market was prepared,” explains Frédéric Rozier, co-responsible for portfolio management at Mirabaud. And above all the results are on the whole better than expected. " After the lockdown, analysts have calculated that the profits of large groups will fall on average 30% to 35% this year.
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Paradoxically, the CAC 40 is holding up rather well to these pessimistic forecasts. Since the historic plunge in mid-March, at the height of the health crisis, it has regained 30% of its value. It has now lost 18.18% since January 1 (4,889.52 points on Friday at the close), which remains rather reasonable in the context of a deep recession (French GDP fell 13.8% in the second quarter). “Investors are looking to
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