The star CAC 40 index took 119.19 points to 6,250.55 points.

Monday, it had taken 1.59%, to finish at its highest for more than a month.

This rising session "is linked to expectations of rate hikes" from the American central bank (Fed), explains Nicolas Budin, head of equity management at Myria AM, investors hoping for a slowdown in its monetary tightening cycle.

“The market has its sights set on a lull in rate hikes,” he continued.

The Fed has raised its key rates by 75 basis points three times in recent months, and the market is now expecting a 50 basis point hike at the next meeting in November.

On the bond market, for the 10-year American loan "we have been flirting with 4% for a few days", notes Nicolas Budin, while "at the end of July we were at 2.5%".

The cost of borrowing for the French state at 10 years fell on Tuesday to settle at 2.69%, against more than 3% on Friday, the highest since 2012.

The Paris session remained relatively calm until the awakening of Wall Street, "as often, Europe is well influenced", noted Nicolas Budin.

The values ​​of the driving luxury of the place

Luxury groups listed on the CAC 40 benefited from the easing of rates on the bond market.

At closing, LVMH priced 3.48% at 658 euros, Hermès 4.84 at 1,354.50 euros, Kering 3.51% at 472.40 euros and L'Oréal 1.76% at 321.65 euros. of action.

Faultless for Air Liquide

Industrial giant Air Liquide ended up 6.67% at 132.50 euros, after confirming its annual targets following a 41.3% surge in sales in the third quarter to 8, 3 billion euros.

Worldline struggling

Payment specialist Worldline reported third quarter revenue of 1.15 billion euros, up 20% as reported, a performance in line with expectations that allows it to maintain its 2022 objectives, but poorly received investors, the group falling 2.88%, to 43.77 euros.

Interparfums impresses

The InterParfums group ended up 11.36% at 49 euros after raising its targets for 2022 by reporting "still strong demand" for its flagship brands in the third quarter.

Its turnover is approaching 200 million euros despite tensions over supplies.

Plastic Omnium wedge

The automotive supplier specializing in bodywork and tanks Plastic Omnium (PO) announced a 32.6% rebound in sales in the third quarter but revised its forecasts downwards.

On the Paris Stock Exchange, the group closed down 8.39% to 13.64 euros.

Rémy Cointreau badly received

Remy Cointreau shares fell 4.68% to 155 euros.

The spirits group confirmed its organic growth forecasts for the year 2022 and a turnover up 34.4% in the first half of its staggered 2022-2023 financial year.

© 2022 AFP