After a spectacular post-Covid economic recovery, the Paris Stock Exchange set a new record at the close on Tuesday at 6,927.03 points, a record for 21 years.
The flagship CAC 40 index finished up 0.49%, 33.74 points more than the day before.
He thus beats his record at the end of September 4, 2000 (6,922.33 points).
Since the start of the year, it has grown by 24.78%.
However, he remains a hair below his absolute record in session, 6,944 points, also reached on September 4, 2000.
An almost linear rise for a year
The massive support of central banks, combined with the stimulus plans of the States, made it possible to rebound the CAC 40, which had fallen to 3,632.06 points at the worst of the Covid-19 crisis, on March 16, 2020. Since the announcement of the effectiveness of the first vaccines, in November 2020, the Parisian index followed an almost linear rise, ending ten of the last twelve months on the rise.
Fears about the health of companies, or more recently about rising inflation and supply problems, were brushed aside after the publication of quarterly company results in July and October, which overall exceeded expectations. .
Relaxed tensions
In the short term, the reduction in the support announced by central banks, with an important meeting of the American Federal Reserve (Fed) which ends on Wednesday, has not cooled investors.
“Last week, the European Central Bank (ECB) kept a very accommodating speech.
In addition, tensions on energy markets, such as gas in Europe or coal in China, have eased somewhat since early October, ”notes Alexandre Baradez, analyst for IG France.
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