The Paris Bourse breaks records and goes above 7,300 points

The world stock markets showed themselves, Tuesday, January 4, less and less frightened by Omicron. In Paris, the CAC 40 index followed a second session of strong growth, breaking its records during the session and at the close: it gained 100.19 points (+ 1.39%) to close at 7,317.41 points, a record. During the session, it peaked at 7,332.21 points, an unprecedented level. The day before, it had finished up 0.9%, already setting a new record.

Investors were reassured “By new statements from the World Health Organization on less severe symptoms of the Omicron variant, observed Harry Wolhandler, Deputy Managing Director at Amilton AM. The markets anticipate trouble-free crisis management, as if the problem were solved. But the virus has shown that it can surprise us every day. “

272,000 cases of contamination recorded in twenty-four hours

According to Dr Abdi Mahamud, an official at the World Health Organization, new data suggests that the Omicron variant of the coronavirus responsible for Covid-19 is causing symptoms that are less severe than the previous strains.

Nearly 272,000 new cases of Covid-19 have been recorded in France over the past twenty-four hours, a number never yet reached, Public Health France announced on Tuesday. However, investors have turned to stocks that have suffered the most from the economic consequences of health restrictions, and which have the most to gain from a fluid reopening. Banks, industrial companies and travel have thus posted clear gains.

Read also Covid-19: the epidemic outbreak continues in France with 272,000 cases of contamination recorded in twenty-four hours

If the first two sessions of 2022 were thunderous, it is also because the “Early January is traditionally a subscription period for institutional investors”, which inject the funds they have just raised into the market, pushing up the price of shares, Wolhandler says.

The economic indicators have been satisfactory in the eyes of investors. In the United States, growth in the manufacturing sector slowed in December, with production still constrained by supply difficulties and staff shortages, despite signs of improvement on both fronts. That of China is on the rise, according to an independent indicator.

Le Monde with AFP and Reuters