The CAC 40 index gained 81.27 points to 6,339.21 points, up for the second consecutive session amid a burst of corporate results.
After the announcement of the Fed's key interest rate hike of 75 basis points the day before, the US GDP contraction challenged the markets to interpret this information.
“The markets seem reassured by the words of the Fed boss and the results of companies generally less bad than what was feared”, observes Vincent Manuel, director of investments at Indosuez Wealth Management.
Stellantis restarts
Automotive group Stellantis posted a record margin and net profit of 8 billion euros in the first half as it continued to raise prices in a slowing market.
The markets welcomed these results and the price rose 4.89% to 13.56 euros.
Airbus on the ground
The fragilities of the global supply chain after the Covid-19 pandemic are slowing the ramp-up planned by Airbus to meet the expected growth in international air traffic, leading the aircraft manufacturer to revise downwards the number of aircraft it will deliver this year.
The title lost 2.94%, to 103.04 euros per share.
Orpea is looking to grab a few points
Executives landed, corrective measures, new administrators: shaken since January by a scandal involving its practices, the group of retirement homes Orpea tried to convince its shareholders that it had learned the lessons of this crisis.
The title gleaned 3.06% to 24.23 euros per share, a result far from offsetting its 72.50% loss since January 1.
© 2022 AFP