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%.
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...
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