(News Bulletin 247) – The Paris Stock Exchange continued its rise this Thursday. Corporate results supported the rise in the CAC 40, which returned to 8,000 points at the close.

The CAC 40 materializes its return to 8,000 points at the close at 8,023.26 points, driven by a gain of 0.52% on Thursday evening, where the day before it had failed by less than 20 points.

Company publications came in support of the Parisian rating, notably that of one of the tenants of the CAC 40, Edenred, which pleasantly surprised.

And yet, the crossing of the key threshold of 8,000 points by the Parisian star index was not a given. There was even a scare in the afternoon, after the publication of a new indicator illustrating the robustness of the economy across the Atlantic.

The Philadelphia region’s manufacturing index jumped to 15.5, last month where expectations were limited to 2.3 according to the Reuters consensus. Note that the price component of the Philly Fed index jumped to 23 from 3.7 a month earlier.

Besides, the traditional weekly unemployment registrations were lower than expected, at 212,000 against 215,000 consensus.

Moreover, bond yields, which had calmed down, started to rise again after today’s economic data. The rate on the 10-year American bond is rising to 4.642% compared to 4.593% on Wednesday evening.

Winning ticket for Edenred, losing ticket for FDJ

On the value side, the CAC 40 was led by Edenred (+4.9%), which published strong growth for its first quarter, while confirming its annual objectives.

Danone also pleased the market, gaining 0.9% after once again exceeding expectations for the first quarter.

Excluding the CAC 40, Forvia recorded the largest increase in the SBF 120 (+7.9%), after delivering like-for-like growth that was better than expected by analysts and reassuring in the first quarter.

Thunderous stock market debut for Planisware which jumped 25.6% on the occasion of the largest IPO of a tech company on the Paris market since October 2021.

On the fall side, Sartorius Stedim Biotech is suffering, and lost 15.7% after disappointing expectations both in terms of its order intake and its turnover.

FDJ (-4%) for its part communicated activity without any major surprises for the first quarter, and a little lower than the expectations of Stifel and Oddo BHF.

On other markets, the euro lost 0.1% against the dollar to 1.0658 dollars. Oil continues to decline. The June contract on Brent from the North Sea lost 0.3% to 87.04 dollars per barrel while that of May on WTI listed in New York was down slightly by 0.4% to 82.64 dollars per barrel. barrel.