(BFM Stock Exchange) – The Parisian star index closes under 7,300 points, on the eve of a four -day cut with Horvian Friday and Easter Monday. Over the week, the CAC 40, however, garnered a nice 2.55%gain.
The Paris Stock Exchange closed this last session of this week shortened in withdrawal, digesting both the publications of companies as well as the monetary policy decision of the European Central Bank.
The CAC 40 therefore yields 0.60% to 7,285.86 points on the eve of a break of four days with Good Friday and Easter Monday. In weekly rhythm, the balance sheet is much more flattering for the Parisian star index which earns 2.55% thanks to a very good start of the week.
The markets, however, continued to sail in sight, according to the customs announcements of Donald Trump and his administration. In this context, the European Central Bank (ECB) has returned its verdict on its monetary policy. It once again lowered its main key rate, 25 base points (0.25 percentage points).
“This drop in rates is consistent with current disinflation in the euro zone, which no longer justifies guiding rates above their long-term level,” says Florian Ielpo, multi-active team, macro manager, Lombard Odier IM.
The monetary institution, recalled the uncertainty generated by American customs duties, and that growth prospects “have deteriorated due to the intensification of trade tensions”.
“This decision declaration supports the possibility of new rate decreases this year, and a scenario involving two additional declines is not unreasonable. Currently, the ECB is willing to soften the financing conditions, unlike the Fed policy which remains uncertain,” continues the specialist.
On the side of traditional weekly registrations for unemployment, they were lower than 215,000 expectations, against a consensus of 225,000 registrations.
The long break that looks does not encourage market operators to take risks. As every year, Easter weekend will result in the closure of major financial centers-including the Paris Stock Exchange-on Friday until Tuesday, Easter Monday being also a holiday.
Pluxee is distinguished
On the values ​​side, the results season also animates the Paris market. On the CAC 40 side, Hermès made 3.2% after revealing quarterly growth of 7% in comparable data, which stands slightly lower than expectations.
On the side of the SBF 120, Pluxee jumped 18.1% after having raised its prospect of growth from its raw margin of recurring operating for its year ended at the end of August.
EXAIL Technologies appreciated 1.60%. The group specializing in high technologies in navigation systems and autonomous robotics confirms its annual objectives after having unveiled a favorable commercial dynamic in the first quarter.
On the exchange market, the euro yields 0.3% against the greenback at 1.1360 dollars. Oil rebounds, markets anticipate a disruption of the offer with new American restrictions on Iranian oil exports. The June contract on the Brent de Mer du Nord gains 2.8% at 67.67 Dollars per barrel while that of May on WTI resumes 3% at 64.36 Dollars per barrel.
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