The flagship CAC 40 index closed up 11.19 points to 5,765.01 points.

The day before, it had fallen by 0.27%, a tenth drop in eleven sessions.

The Parisian rating experienced a real yo-yo: it had started the session in sharp decline, then returned to equilibrium in reaction to the intervention of the Bank of England (BoE) on the British bond market, before back into the red, then back to equilibrium.

Philippe Cohen, portfolio manager at Kiplink Finance reports a "very nervous market" which reacts to dense geopolitical and economic news, "very complicated to manage at the same time".

The strong movements of the day were correlated with those of the bond market.

At the start of the morning, the borrowing rates of several European States and the United States were at their peaks, before suddenly relaxing with the BoE's announcements.

The Bank of England (BoE) announced on Wednesday that it was intervening in the British bond market by buying government bonds to "restore normal market conditions", while the UK borrowing rate has exploded since announcements very expensive budgets on Friday.

"The BoE was surprised by the new government in place, which got a bit confused, they should have informed the BoE of their intentions," said Mr. Cohen.

The ten-year French state borrowing rate rose from very close to 3%, before falling to 2.75% around 5:15 p.m.

While these announcements have for the moment dispelled doubts about the state of the British economy, the markets are not celebrating, "the sabotage of Nord Stream" and "the result of the votes on the annexation of Donbass" exacerbate geopolitical tensions, recalls Mr. Cohen.

In the end, the market remains "extremely volatile" according to Philippe Cohen, "because there are too many exogenous elements and economic and geopolitical issues".

TotalEnergies spoils its shareholders

The hydrocarbon giant TotalEnergies fell 1.43% to 47.16 euros, after announcing that it would pay its shareholders an exceptional interim dividend of 2.62 billion euros and increase its investments in the energy sector by one billion dollars. wind and solar.

Trigano restarts

The motorhome specialist group Trigano reported on Tuesday an 8% increase in its turnover for the 2021/2022 financial year, to 3.2 billion euros, explaining that it had been able to "limit" the impact of inflation of raw materials and components "through the application of progressive price increases, well accepted by customers".

At constant scope and exchange rates, sales were stable over one year, against a backdrop of production difficulties at suppliers, explains the group.

The price jumped 13.07% to 89.10 euros, but it is still down nearly 50% since January 1.

© 2022 AFP