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Modest rebound on the Paris Stock Exchange (+0.20%), hampered by luxury

The Paris Stock Exchange ended on a too tenuous rebound (+0.20%) on Friday to end the week on a positive note, penalized by the decline in the luxury sector and a context full of risks linked to inflation.

After gaining more than 1% in the middle of the session, driven by a Chinese stimulus measure, the CAC 40 index made a foray into the red at the end of the course before concluding with a rebound limited to 0.20%. Over the week, it posted a negative balance of 1.22%.

Many market experts expect volatility to remain elevated soon.

Inflation, a major concern for investors, is forcing central banks to withdraw support by raising interest rates as the economic situation darkens.

“The week had started relatively calmly compared to the previous one, when American equities started to fall again (Wednesday, editor’s note), in one of the worst sessions of decline for two years, dragging with them all the other markets. », recall the experts of Edmond de Rotschild AM.

Luxury fails with Richemont

The French trio LVMH (-2.09 euros), Hermès (-1.94) and Kering (-0.83%) suffered from the results of the Swiss luxury giant Richemont which reported a 61% jump in its net profit annual but an operating surplus lower than analysts’ forecasts.

New delay for EDF

The French energy group has announced that the construction site for two next-generation nuclear reactors (EPR) at Hinkley Point in England will suffer a further delay of at least one year and additional costs of at least 3 billion pounds. Its action nevertheless rose 1.35% to 8.41 euros.

New investor at Air France-KLM

Air France-KLM took 1.06% to 4.30 euros, after announcing that the American fund Apollo would invest 500 million euros in the capital of a subsidiary of Air France-KLM. The airline group will thus be able to reimburse part of the aid from the French State.

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