(News Bulletin 247) – After having suffered the blow last week, the Paris Stock Exchange has regained some color. The CAC 40 won 1.5% but refused the obstacle of 7,300 points at the end.

The Paris Stock Exchange is starting the week on a high note. Driven by buybacks on the cheap, the CAC 40 offers a rebound of 1.51% to 7,295.55 points, after registering a high in the session at 7,324.03 points.

Friday, the Parisian place had lost more than 2%, frightened by the prospect of a continuation of a rise in interest rates from the Federal Reserve, after the surprise rise in the PCE index, the preferred gauge of the institution to measure inflation.

On Wall Street, the indices regain height on Monday, after having signed their worst week of the year in reaction to this price data. The Nasdaq rose by 0.8%, the S&P appreciated by 0.5%, where the Dow Jones gained only 0.2% at the close of European markets. “The markets have fallen a little too much, too quickly,” said Karl Haeling of LBBW quoted by AFP.

A few macroeconomic indicators will still be on the program this week. Investors will focus their attention on the first estimate of inflation in France but also in the euro zone for the month of February as well as the final PMI for February. Corporate publications will also be on the agenda this week with Atos, Veolia, Eurofins Scientific and Vallourec.

“This week, investors will also be “attentive to the comments of the 6 members of the Fed, to the 3 members of the ECB, as well as to the report on monetary policy of the latter, expected on Thursday”, recalls Vincent Boy , market analyst at IG France.

Axa leads the CAC 40

The insurer Axa rose 3.40% to 29.38 euros after launching its share buyback program for a maximum amount of 1.1 billion euros, as announced on the sidelines of its annual results last Thursday .

Michelin for its part, rose 2.7% supported by an increase in advice to purchase by the bank Goldman Sachs.

Excluding the CAC 40, Eramet rebounded 7.8%, supported by Oddo BHF which raised its target to 143 euros while confirming its advice to “outperform”.

Conversely, the Luxembourg satellite operator SES limited its decline to 3.45% after the announcement of disappointing forecasts.

The green chemistry group Metabolic Explorer gained 16.20% after announcing the completion of its financing plan to ensure its activity for 2023 and 2024.

On other markets, the euro rose 0.4% to 1.0593 dollars. Oil prices are giving ground. The North Sea Brent contract for April delivery fell 0.8% to $82.19 a barrel and the New York-listed WTI contract for the same term lost 0.7% to $75.81 a barrel. .