CAC 40: for the first time in its history, the Paris Bourse exceeds 7,000 points

Europe 1 with AFP 12:13 p.m., November 5, 2021, modified at 12:14 p.m., November 5, 2021

A historic day.

The Paris Bourse evolved Friday morning above the threshold of 7,000 points for the first time in its history, galvanized by central banks more accommodating than expected and positive business results.

At 9:35 am, the flagship CAC 40 index gained 0.41% to 7,016.12 points after setting a new record of 7,018.31 points, beating the one set the day before.

Thursday, the star index of the Parisian market ended up 0.53% and reached a closing record, for the third consecutive day.

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 The Paris Stock Exchange sets records

On Wall Street, the Nasdaq and S&P 500 indices also set new records, for the fifth consecutive day.

For Ipek Ozkardeskaya, analyst at Swissquote, "investors continue to welcome the reluctance of Jerome Powell (the chairman of the Federal Reserve) to open the debate on raising interest rates in the United States, despite the threat of rising inflation ".

Jerome Powell "just wants to continue supporting the job market and the economic recovery," she notes.

French industrial production down 1.3%

And in this context, the monthly report of the US Department of Labor will attract all the attention of the markets this Friday. On Wednesday again, by announcing the reduction of its asset purchases, the American Central Bank indicated that it wanted "to see the labor market recover more" before raising its key rates. Ipek Ozkardeskaya indicates that "the Bank of England (BoE) also refrained from raising rates yesterday, as British policymakers are also placing the economic recovery before the threat of runaway inflation".

In France, industrial production fell by 1.3% in September compared to August, as a result of growing difficulties in the supply of raw materials.

And private salaried employment grew again, by 0.5%, in the third quarter, or 96,100 net job creations.