(News Bulletin 247) – The CAC 40 is rising at midday of this last session of the year. Over the whole of 2024, the flagship index of the Paris Stock Exchange is heading towards a decline of 2.6%, undermined by political instability.

The Paris Stock Exchange already has its mind turned towards 2025, with the desire to forget a year that was not very encouraging. For this last session of 2024, the CAC 40 is currently rising, gaining 0.45% around 12:00 p.m., to 7,346.64 points, attempting to remobilize following a decline of 0.57%.

The great barometer of the Parisian market is evolving in a period that is not very lively in terms of volumes. Only 221 million euros of securities have changed hands since the start of this shortened trading day with a closing scheduled for shortly after 2 p.m. The Paris Stock Exchange will also be closed on January 1 for the New Year.

Many market participants are already on vacation, preparing for New Year’s Eve while the stock exchanges in Frankfurt, Milan and Zurich in particular are closed this Tuesday.

The CAC 40 is especially good for ending the year in negative territory. A few hours before the end of the year, the index has lost 2.6% since January 1st. A completely opposite development from 2023, when it jumped 16.5%.

The flagship Parisian index is very clearly lagging behind its European counterparts, the DAX 40 in Germany has increased by 18.72% in 2024, the Spanish IBEX 35 is currently gaining nearly 14%, and Milan ended the year 2024 with an increase of 12.6%.

Little news

Business news was, unsurprisingly, very light on Tuesday. At the top of the SBF 120, Icade rose 3.2% after announcing the signing of a firm agreement to buy from Casino (+2.15%) a real estate portfolio of 11 sites for a total amount of 50 million euros. .

Phaxiam is still progressing by 1.6% after having gained more than 10% in the first exchanges, in reaction to the announcement of encouraging clinical results for its study the PhagoDAIR I pilot study in patients with an infection on a hip prosthesis or knee.

On other markets, the euro is almost stable against the dollar at 1.0415 dollars. Oil prices are increasing, after good statistics on the manufacturing activity front in China. Brent from the North Sea for delivery in March gained 0.6% to 74.42 dollars per barrel while that on WTI in New York for delivery in February increased 0.7% to 71.47 dollars per barrel.