The star CAC 40 index took 117.42 points to 5,912.38 points.

The day before, it had fallen by 2.68%.

This rebound, initiated from the first exchanges, occurred without major news to support it, in the same way that the index had not needed a major announcement to unscrew the day before.

The weakness of the prices could have served as a pretext for a hunt for bargains for investors, but for several weeks "the market has lacked benchmarks more than it shows anticipation", on the economic situation to come and in particular the central bank policy, observes Benjamin Melman of Rothschild Asset Management.

To fight against inflation, central banks have embarked on the path of a sharp rise in key rates.

But the effects on the economy are being felt, with a marked slowdown, which can go as far as a recession for some economists.

Investors will read at 8 p.m. the minutes of the last meeting of the US Federal Reserve's monetary policy committee, a moment always awaited in order to anticipate the institution's future policy.

In the euro zone, the task is made more difficult by energy difficulties, also underlines Mr. Melman.

On Wednesday, the Parisian index was able to take advantage of the sharp decline in oil prices, the barrel of Brent from the North Sea even falling back below 100 dollars, a first since April.

On the other hand, natural gas prices continued to rise, even taking 5.11% to 173.5 euros per megawatt hour shortly after the Paris close on the Dutch market, which is a reference in Europe.

A sign of investor concern for the European economy, the euro fell below $1.02 for the first time since December 2002. Around 6:00 p.m., it was trading at $1.0168, down 0 .96%.

The State wants to renationalise EDF, whose action is soaring

The State intends to renationalize the energy company EDF 100%, Prime Minister Elisabeth Borne announced on Wednesday in her general policy statement.

The State now owns nearly 84% of the electrician, 1% being held by employees and 15% by institutional and individual shareholders.

The action climbed 14.53% to 8.98 euros, while it was down 5% in the early afternoon before the speech.

Ukraine: TotalEnergies announces it is giving up its stake in a Russian oil field

TotalEnergies announced that it had sold its 20% stake in the Khariaga field in the Russian Arctic to the Russian company Zaroubejneft, which had already inherited the role of operator of the site since 2016. The action lost 2.90 % at 47.64 euros.

Engie also fell 1.61% to 10.38 euros, investors worried about a possible exceptional tax on the profits of energy producers in France.

Tech is recovering, luxury is racing

The technology sector has recovered after a drop in bond interest rates over the last two sessions.

The French 10-year rate stood at 1.75%, against 1.92% on Monday at the close.

STMicroelectronics took 4.90% to 29.34 euros, Soitec 5.31% to 127.85 euros, Teleperformance 4.32% to 311.80 euros.

Atos, a very volatile value due to numerous rumors of a takeover after the collapse of its action for several years, soared 9.37% to 11.33 euros.

This situation has also benefited luxury goods, whose strong valuations have benefited from the universe of low interest rates for several years.

LVMH gained 4.48% to 597.60 euros, Hermès 5.05% to 1,113.50 euros.

© 2022 AFP