The corporate earnings season galvanizes the financial markets.
In July, the CAC 40 index jumped by nearly 9% and achieved its best monthly performance since November 2020. An increase which contrasts sharply with the calamitous performance of the first half (-15.5%), when investors were crushing black.
Since the beginning of the week, the CAC has gained more than 1%.
“With
the war in Ukraine
, all investors have become very pessimistic.
They feared a deterioration in the global economy and expected that it would already have an impact on businesses.
The mistrust was consensual
, explains Gilles Guibout, head of European equities at Axa IM.
However, against all expectations, the half-year results are good overall and show no sign of a slowdown in their activity.
Investors have all regained some optimism.
“There were no disappointments”
In fact, for the time being, galloping inflation, soaring material costs...
This article is for subscribers only.
You have 75% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
I ENJOY IT
Already subscribed?
Login
