(News Bulletin 247) – In lack of inspiration, the Paris Stock Exchange resumed colors at the end of the course. The CAC 40 closed this day up 0.5% and above all on a new record at 7,577 points. Over the week, it won 0.76%.

Hesitant at the start of the session, the Paris Stock Exchange took the path of the rise, supported by EssilorLuxottica and the records of luxury values. The CAC 40 ends this last session of the week up 0.51% to 7,577.00 points, which is both a new all-time high at the close and in the session.

On a weekly basis, the Paris star index rose by 0.76%, thus completing a fifth week in positive territory.

The latest macroeconomic indicators published on both sides of the Atlantic have reassured the markets. In the United States, the PMI indices for April came out better than expected, reaching an eleven-month peak for the composite, at 53.5 points. Earlier in the day, traders also learned of an acceleration in private sector economic activity in the euro zone in April, with the composite PMI index again reaching an eleven-month high. The dynamism of services made it possible to offset a decline in the manufacturing sector, according to the Flash PMI index published Friday by S&P Global.

In addition to these statistics, publications from companies in Europe and the United States also dominated the news. In France, EssilorLuxottica was particularly noticed, after the publication of dynamic growth at the start of the year. The point of activity of Ipsos on the other hand did not have the dimension with the market.

“Corporate earnings season is only just beginning and it is difficult to draw any conclusions yet. a little better than expected. However, the mixed nature of these results as a whole did not really give the market any momentum, while from an economic point of view, the short-term statistics were less buoyant than expected”, underlines Sébastien Paris Horvitz, economists at La Banque Postale Asset Management.

EssilorLuxottica offers visibility

EssilorLuxottica (+6.3%) therefore boosted the CAC 40 on Friday, in the wake of the publication of sales growth more than twice as high as expectations in the first quarter, and strength in the United States which took the market by surprise.

L’Oréal rose 3%, investors continued to appreciate the publication of the global cosmetics giant.

Luxury remains in great shape, as evidenced by the records of LVMH at 901.10 euros or Hermès which has just exceeded the threshold of 2,000 euros at 2,003.50 euros, both signed at the very end of the session.

On the other hand, Ipsos collapsed (-13.2%), its turnover having contracted by 2.8% over the first three months of the year. The group is suffering from the end of major follow-on contracts signed during the pandemic.

Solutions 30 limited its decline to 5% after publishing a stronger net loss than expected by analysts at TP ICAP Midcap for its 2022 financial year.

The palm of the gadins of the day, however, goes to GenSight Biologics, which plunged 70% in reaction to its surprise about-face on its flagship molecule Lumevoq.

On the other markets, the euro nibbles 0.07% against the dollar at 1.09675 dollar. Oil prices are moving up slightly. North Sea Brent crude for June delivery rose 0.5% to $81.51 a barrel, while that on WTI quoted in June also gained 0.5% to $77.77 a barrel.