The star CAC 40 index climbed 122.98 points to 6,518.66 points around 10:15 a.m.

On Wednesday, he had been taken by risk aversion and had yielded 1.24%.

The US Federal Reserve (Fed) will increase its key rates by half a percentage point, the largest increase since May 2000, in an attempt to control inflation at its highest in 40 years in the United States.

The president of the institution, Jerome Powell, also specified that other increases of half a percentage point would be “on the table at the next two meetings”, in June and July.

The Fed's balance sheet will also begin to shrink at the rate of $47.5 billion a month from June 1 and up to $90 billion after three months.

This multi-step program "seems to indicate that the US central bank wants to remain attentive to any negative impact (on rates, financial markets in general) of the decrease in liquidity", explains analysts at Saxo Bank.

They conclude that "the US Federal Reserve has not taken the market from the back".

This Thursday, it is the turn of the Bank of England (BoE) to meet to decide on its monetary policy.

Airbus takes off

Airbus shares climbed 7.72% to 110.50 euros, after the European aircraft manufacturer more than tripled its quarterly profit over one year, to 1.22 billion euros.

Airbus has also displayed great ambitions by aiming for a monthly production of 75 A320s in 2025, unheard of for its star single-aisle aircraft.

The airline Air France-KLM, which divided its loss in the first quarter by three and said it was optimistic for the summer, also rose by 5.07% to 4.10 euros.

Crédit Agricole more penalized by Russia than Societe Generale

The bank reported net profit down 24.1% in the first quarter, weighed down by nearly 600 million euros in provisions due to Russia's invasion of Ukraine.

The action lost 2.46% to 10.14 euros, the only value of the CAC 40 down on Thursday morning.

Conversely, Societe Generale rose 2.35% to 23.56 euros, after the announcement of a net profit up slightly in the first quarter.

Its action had suffered heavily after the outbreak of war in Ukraine by Russia, where the bank officiates but from which it will disengage.

ArcelorMittal takes advantage of soaring prices

The world's second-largest steelmaker published very sharply higher results for the first quarter, thanks to an increase in steel prices and despite the impact of the war in Ukraine on volumes.

ArcelorMittal jumped 4.65% to 28.14 euros.

© 2022 AFP