(News Bulletin 247) – The Paris Stock Exchange has resumed its upward trajectory on the eve of the decision of the American Federal Reserve. The Japanese central bank has opted for a cautious increase in its short-term key rate. The CAC 40 gained 0.65% on Tuesday evening, ending at a new record supported by the rise in Airbus.

After a sluggish session on Monday, the Paris Stock Exchange found a little fuel to resume its rise. The CAC 40 ended Tuesday’s session up 0.65%, which allowed it to close for the first time in its history at more than 8,200 points, at 8,201.05 points, a new closing record, surpassing its previous one. mark of Friday March 15 at 8,164.35 points.

The Parisian market has regained some color as the two-day monetary policy meeting of the American Federal Reserve (Fed) begins this Tuesday, at the end of which it will deliver its verdict on its monetary policy.

Investors do not expect any action from the Fed on its rates but they will try to detect in the communications of its president, Jerome Powell, the slightest clue about the future intentions of the American monetary institution.

In Japan, on the other hand, a change of direction has been made. The Japanese central bank, for the first time in 17 years, raised its key short-term rate from -0.1% to a range of 0% to 0.1% while warning that accommodative financial conditions would remain in place. place.

“Today’s rate hike, the first since 2007 and the end of yield curve control, marks the end of an unconventional monetary policy regime,” notes Gurpreet Garewal Strategist at Goldman Sachs Asset Management.

“Stronger wage growth, combined with core inflation above 2% since the end of 2022, has helped the Bank of Japan gain confidence in the virtuous cycle between wages and inflation,” continues the specialist.

Airbus on a cloud, Atos in stock market hell

The CAC 40 mainly found support from Airbus which gained 1.8%, helped by Royal Bank of Canada which raised its recommendation to “outperform” on the stock.

The aeronautics group also ended discussions to buy the BDS division of Atos (cybersecurity, supercomputers, big data) which caused the digital services company to plunge by 19.2%. Faced with a wall of debt, Atos is moving a little closer to opening a conciliation or even safeguard procedure.

On the smaller values ​​side, Spartoo soared by 28.5% after publishing its 2023 results. The fashion goods group notably returned to positive gross operating income.

On the currency side, the euro lost 0.1% against the dollar at 1.0863 dollars. Oil is progressing, returning to its highs at the end of October 2023. The May contract on Brent from the North Sea gained 0.5% to 87.30 dollars per barrel, while that on WTI listed in New York which jumped by 0.7% to 82.71 dollars per barrel.