Paris (AFP)

The Paris Bourse closed in the green (+ 0.22%) on Tuesday, at the end of a turbulent session, marked by the drop in technology stocks on Wall Street and a speech by the President of the Fed who wanted to be reassuring on the rise in interest rates.

The CAC 40 index took 12.40 points to 5,779.84 points, the day after a decline of 0.11%.

The Paris index managed to make gains after having experienced a "fairly nervous" session marked by "a significant low in the middle of the session, followed by a rebound and then a fall again" in the wake of the heavy losses suffered by the Nasdaq, summarizes with AFP Daniel Larrouturou, equity manager of Dôm Finance.

Much awaited by investors, the speech of Fed President Jerome Powell did however calm the spirits a little, slowing the rise in sovereign borrowing rates and helping Wall Street to limit its losses.

The American Central Bank (Fed) will keep its rates low as long as inflation does not exceed 2% for a long time and the American economy is close to full employment, said Tuesday the boss of the American Central Bank during a hearing before the Senate.

"Jerome Powell's comments were very similar to those of ECB President Christine Lagarde the day before," ie "the idea that central banks would closely monitor the development of long-term rates and maintain an accommodative policy aimed at preventing too rapid a rise "of the latter, underlines Mr. Larrouturou.

The recent movements on the bond market have resulted in the stock market "quite significant disparities according to the sectors, that of the technology remaining under pressure with valuations which are called into question by the rise of the rates" of borrowing, explains Mr. Larrouturou.

Conversely, the rise in rates "favors the banking sector and insurers" while "the aviation sector in the broad sense, Airbus, Safran, ADP, benefits from the prospects of a rebound in aviation activity, particularly with deconfinement in Great Britain ", continues the expert.

As for indicators, US consumer confidence improved markedly in February, driven by greater optimism on the current economic situation, according to the Conference Board index.

Tech under pressure

Technology stocks were the red lanterns of the CAC 40 in the wake of the correction suffered by the Nasdaq index in the United States: STMicroelectronics lost 2.75% to 32.90 euros, Soitec sank 5.62% to 172.90 euros and Dassault Systèmes fell 1.99% to 176.95 euros.

The airline takes advantage of the British

The sector benefited from the English deconfinement announcements: at the top of the CAC 40, Safran gained 3.35% to 118.65 euros, Airbus for its part rose 3.29% to 98.95 euros, Aéroports de Paris ( ADP) jumped 4.87% to 104.50 euros and Air France-KLM gained 2.64% to 5.14 euros.

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