(News Bulletin 247) – The Parisian index turned in the afternoon and signed an increase of 0.56% on Tuesday, April 22. L’Oréal has largely contributed to this good performance.
After having resisted well in the morning, the CAC 40 finished the session of this Tuesday, April 22, increasing, winning 0.56% to 7,326.47 points at the fence.
The Parisian index benefited from a Wall Street rebound at the end of the day. Shortly before the European fence, the S&P 500 took 2.2%, erasing a large part of its accused losses the day before (-2.36%). The Bloomberg agency evokes a “strange calm” the day after a difficult session.
The markets then reacted negatively to the protrusions of Donald Trump against the president of the American Federal Reserve (Fed). Donald Trump called Jerome Powell “huge loser” and threatened to dismiss him while the mandate of the central banker runs until May 2026.
>> Access our exclusive graphic analyzes, and enter into the confidence of the trading portfolio
L’Oréal feathe
“The dismissal of the president of the Fed before the end of his mandate in May 2026 could question the central bank’s capacity to fix interest rates without political interference, and therefore prices prospects,” notes Mark Haefele, director of investments, at UBS Global Wealth Management.
The attention of the market will be focused this evening on the results of the first quarter of Tesla, expected after the closure of Wall Street.
CAC 40 was able to count on one of its most important capitalizations to climb. L’Oréal accelerated its increase during the day, and ended up 6.3%, thanks to its growth significantly higher than expectations in the first quarter.
On the drop side, Schneider Electric (-2.8%) and Legrand (-1.6%) were penalized by analyst comments reporting that Amazon Web Services, a giant of the Cloud, had canceled commitments of Datacenter capacity rental, a crucial segment for the two companies.
Excluding CAC 40, OVHCLOUD jumped 9.2% carried by a recovery of recommendation from Stifel which went to “sell” to “keep”.
In other markets, the euro fell 0.3% to 1.1482 dollars. Oil is advancing. The June contract on the Brent de Mer of the North takes 1.8% at 67.45 Dollars per barrel while the same maturity on the WTI listed in New York advances from 2.4% to 64.57 Dollars per barrel.
Gold decreases 0.3% to 3.413 dollars an ounce after progressing first and crossed the 3.500 dollars threshold.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
