The star CAC 40 index gained 94.32 points to 6,006.70 points.

The day before, it had already taken up 2.03%.

For Nicolas Budin, head of equity management at Myria AM, there is "a technical part in today's rebound after the stressful day on Tuesday".

The Parisian rating had hit its lowest level since March 2021 in the face of fears of recession in Europe.

Taking advantage of this fall in share prices, investors returned to buying Thursday, encouraged by the Fed, which recalled Wednesday its commitment to reduce inflation and deemed it appropriate to proceed with further rate increases after that of June.

Investors also learned from the minutes of the June meeting of the European Central Bank (ECB) that the latter advocated a "gradual" tightening of its monetary policy, but did not rule out increases in tranches greater than 25 basis points if necessary.

In addition to inflation, fueled by energy prices, it must also manage the spread of interest rates for borrowing between countries in the euro zone.

Mr. Budin notes a “decoupling between what the market anticipates for the Fed and for the ECB”, given two different economic situations.

In Europe, investors have "the nose riveted on energy and the fact that Europe is in a very delicate situation" while energy there is "much more expensive than in the United States".

The price of gas, the supply of which is vital for Europe, continued to climb on the Dutch TTF, which is the benchmark on the continent.

The price still took 7.90% to 184.50 euros per megawatt hour and has more than doubled since mid-June.

This context is weighing on the euro, which is at its lowest level in 20 years and was getting closer to parity with the American currency.

The Ministry of the Economy announced Thursday to launch "now" the succession process for EDF CEO Jean-Bernard Lévy, in order to "quickly" implement the renationalization of the group desired by the government.

After taking more than 14% on Wednesday following Prime Minister Elisabeth Borne's general policy statement before the Assembly, EDF shares fell 0.73% to 9.05 euros.

The values ​​most in difficulty this week within the CAC 40 took on some color on Thursday, in particular the automotive sector, which had been “massacred” on the stock market in recent months, recalls Nicolas Budin.

Stellantis climbed 7.30% to 12.02 euros and Renault 6.10% to 24.01 euros.

Since the beginning of the year their titles have always lost more than 20%.

Alstom also rose by 7.02% to 24.08 euros and ArcelorMittal by 5.50% to 21.79 euros, completing the top square of the CAC 40.

© 2022 AFP