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CAC 40: the Paris Stock Exchange galvanized by the good resistance of companies

2022-08-04T17:43:01.954Z

DECRYPTION – The current crisis has not left too visible traces in the accounts of the heavyweights of the CAC 40, which has jumped by almost 9%.



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...

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Source: lefigaro

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