Frédéric Rosamond (Amundi): “Stocks do not seem expensive”. The large CAC 40 groups, to everyone's surprise, managed in 2023 to increase their results, and especially their profit margins, beyond expectations.
These elements are fueling the rapid rise in the stock market. However, geopolitics weighs on French and European stocks. Recent fears of a worsening of the war in Ukraine have slowed the trend somewhat, with international investors turning away a little from European markets.