CAC 40: the reasons for a surprising stock market euphoria

2023-05-26T17:30:11.132Z

Highlights: The CAC 40 has risen by more than 13% since the beginning of the year. Since its low at the end of last September, it has gained nearly 30%. Yet, between soaring interest rates and inflation, the ever-present war in Ukraine or, more recently, the crisis of the US regional banks, there have been many pitfalls and obstacles in recent months. But, each time, the market managed to overcome them and then start anew. It thus registered a new all-time high on April 21 at 7,577 closing points.

ANALYSIS - Despite the war in Ukraine and inflation, the Paris Stock Exchange is up 12% since the beginning of the year. And reached a new record in the spring.

At more than 7300 points, the CAC 40 has risen by more than 13% since the beginning of the year. And, since its low at the end of last September, it has gained nearly 30%. Yet, between soaring interest rates and inflation, the ever-present war in Ukraine or, more recently, the crisis of the US regional banks, there have been many pitfalls and obstacles in recent months.

But, each time, the market managed to overcome them and then start anew. The CAC 40 has done well this year compared to foreign indices. It thus registered a new all-time high on April 21 at 7,577 closing points, just a month and a half after the resounding bankruptcy of Silicon Valley Bank.

In recent days, concerns have crystallized around the issue of raising the US debt ceiling. These negotiations, often tense, usually result in a last-minute compromise. The specialists...

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Source: lefigaro

All business articles on 2023-05-26