(News Bulletin 247) – The Parisian index is back on the rise, driven by the rise in its heavyweight Totalenergies, whose results are expected Wednesday morning. The CAC 40 ended up 0.65% at 7,638.97 points this Tuesday evening.

The Paris Stock Exchange regained color the day after a rather dull session. The CAC 40 offers a gain of 0.65% which marks its return to 7,600 points at 7,638.97 points.

The flagship Parisian index was supported by one of its flagship values, namely Totalenergies which rebounded by 1.8% in the wake of its British comparable BP, author of an excellent copy for its annual results. The French group will publish its own on Wednesday morning.

The Paris index is also gaining some ground as Chinese President Xi is due to discuss the recent rout of local markets with Chinese regulators, according to reports from Bloomberg

This gave a boost this Tuesday morning to the CSI 300, an index which brings together the 300 largest capitalizations in the Shenzhen and Shanghai markets, with an increase of 3.5%. For Deutsche Bank this information demonstrates the “seriousness of the situation”. Since the start of the year, the Chinese markets have been in total agony, with the CSI 300 losing 3.5% over the whole of 2024 and 19% over one year.

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Totalenergies supported by BP

Apart from Totalenergies, it was Schneider Electric which stood out this Tuesday, with an increase of 2.8%.

On the smaller capitalization side, the composite materials specialist Altheora panicked the counters to end its run up sharply by 61.6%. The company announced that it had been selected by a major automaker to prototype the truck of the future.

On other markets, the euro gained 0.1% to 1.0753 dollars. For its part, oil is rebounding. The April contract on Brent from the North Sea increased by 1.1% to 78.89 dollars per barrel, just like that of March on WTI listed in New York which also increased by 1.1% to 73.61 dollars. the barrel.