The Paris Stock Exchange is trying to recover on Tuesday (+0.33%) the day after its worst fall in session in three months, still focused on the risk of a banking crisis, which is reflected in bank prices.
The star CAC 40 index advanced 22.90 points to 7,034.40 points around 9:55 a.m.
The day before, it had yielded 2.90%, its worst day since December 15.
"
Fear has spread in Europe
," observe analysts at Banque Postale AM. "
We can hope that in the coming hours European central bankers will speak out to reassure investors
," they add.
The repercussions of the collapse of the American bank SVB, as well as two other regional banks, continue to thrill investors.
The American central bank (Fed) announced on Monday that it would look into the conditions of supervision and regulation of SVB.
CAC 40 banking establishments, which have lost nearly 10 billion euros in stock market value in the last two sessions, continue to decline: Crédit Agricole loses 1.01% to 10.57 euros, Société Générale 0.13% at 23.90 euros even if BNP Paribas takes 0.14% to 56.23 euros.
For its part, the insurer Axa lost 0.99% to 27.40 euros.
Read alsoChinese stock markets open in decline, the bankruptcy of SVB worries
The pace of inflation remains a constant focus
Investors are also awaiting inflation figures in the United States, published at 1:30 p.m.
On Monday, they significantly lowered their expectations of central bank rate hikes in the coming months, in response to the effects of the banking shock, partly caused by the tightening of monetary conditions.
The pace of inflation remains a constant focus of central bankers, who had worried in recent weeks that the slowdown was less and less marked while the rate remained well above their target.
On the bond market, the 10-year French government bond rate remained stable at 2.80% after falling over the past two days.
More sensitive to changes in monetary policy, the 2-year rate fell to 2.71%, against 2.78% at the close on Monday.
