The Paris Bourse ended Friday in the green (+ 0.45%) and on a new closing record, a calm session due to the November 11 bridge, at the end of a week when US inflation surprised at the rise.
The flagship CAC 40 index took 31.85 points to 7,091.40 points despite concerns over the resurgence of the pandemic in several European countries and a decline in US consumer confidence in November, at its most low level in ten years.
The Parisian rating thus signs its sixth straight week of increase.
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"
The market is in a transition phase
", with "
on the one hand a constructive quarterly earnings season but on the other hand this very present idea that inflation is here to stay
", notes Raphaël Thuin, Head of Strategies capital markets at Tikehau Capital.
Leading indicator of the week released Wednesday, US inflation accelerated in October to reach 6.2% over one year, a level not seen since 1990 and well above forecasts. This state of affairs entails a risk: "
if the market starts to worry more strongly about the fact that inflation is here to stay and that central banks are going to have to step up the pace of their monetary tightening, we could have more reactions. violent on the yield curve first, which would potentially lead to a correction on the equity markets
, ”according to Raphaël Thuin. All the more so since "
the market is looking for itself a bit at the moment
", while the recovery has entered "
a phase of deceleration and reduction in injections of money in support of the economy.economy
“, Adds the expert interviewed by AFP.