The markets, by their nature turned towards the future, have already buried the “annus horribilis” 2020. Investors hope that the vaccination campaigns will allow economies to return to the path of growth.
Almost a year ago, France was sealed off for the first time.
A second, less severe confinement followed in the fall.
With Covid-19, the planet has just gone through the worst recession since the 1930s.
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However, over the last twelve months, the CAC 40 has posted a nice increase of almost 7%.
On Wednesday, the German Dax rose in session to a historic peak.
The CAC 40
“growth return”
, calculated like the Frankfurt index with dividends reinvested, is also flirting with its historic peak.
Wall Street regularly breaks records, pulled up by the giants of technology, the famous Gafam (Google, Apple, Facebook, Amazon and Microsoft).
The massive aid programs deployed by states and central banks across the country
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