Paris (AFP)

The Paris Bourse ended up 0.59% Thursday, rebounding after two sessions of decline that prompted investors to return to the market, and better than expected figures on US consumption.

The flagship CAC 40 index finished up 38.97 points to 6,622.59 points.

The day before, it had yielded 1.04%.

"We see that the small drops are taken advantage of by buyers: we do not drop for long, because we always have flows and cash that need to be invested," said Alexandre Neuvy, private manager at Amplegest.

According to him, "all the ingredients were in place" for the rebound, with "the good closing of the American markets" on Wednesday, the previous sessions of decline, as well as "the good American figures of the day", in particular retail sales which have rose in August (+ 0.7%) while the consensus expected a decline.

The Parisian dynamic has crumbled a little after the opening of Wall Street, when the CAC 40 had peaked above 6,660 points.

The Dow Jones, S&P 500 and Nasdaq were all down sharply.

"The macroeconomic environment has been deteriorating for some time, we are no longer in a phase of acceleration of growth," commented Mr. Neuvy, highlighting in particular the situation in China, where consumption is weakening and concerns about the economy. The solvency of real estate giant Evergrande is on the rise.

In this more troubled environment, investors are not encouraged to take risks, let alone a week away from the meeting of the US Federal Reserve's monetary committee.

Vivendi wants to eat Lagardère

The Lagardère share soared 19.45% to 23.28 euros, the day after an announcement by media giant Vivendi, which intends to launch a takeover bid on the Lagardère group, in addition to the share buyback (18% ) of the Amber Capital fund.

Vivendi for its part ended up 0.57% to 31.89 euros.

The air flies over the ACC

Values ​​in the aeronautics sector have occupied the top of the Parisian market, in the wake of the airline company Ryanair which "announced the increase of its objective of passenger growth over five years, to reach 225 million, that is to say an increase of 50 % compared to its 2019 levels, "notes CMC Markets analyst Michael Hewson.

On the CAC 40, Safran rose 2.21% to 104.62 euros, Airbus by 2.24% to 114.88 euros.

Air France KLM gained 1.81% to 3.82 euros and Aéroports de Paris 1.34% to 98.20 euros.

Thales not worried

Thales (-0.37% to 81.58 euros) confirmed its financial objectives despite the breach by Australia of the contract for the supply by France of 12 submarines in which the defense electronics technician was involved.

Canberra has announced that it is breaking the € 31 billion framework contract between Australia and the French Naval Group, in which Thales is a 35% shareholder.

© 2021 AFP

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