CAC 40: Paris stock market rebounds thanks to banks and luxury goods

A few weeks after the collapse of the Silicon Valley Bank (SVB), stock market indexes, and in particular the CAC 40, are experiencing a timid rise thanks to the banks and the luxury sector. Fears about the financial system seem to have eased, but it is still considered fragile. With a risk of recession looming across the Atlantic, earnings estimates are likely to be revised.


Almost a return to normal. The Paris Stock Exchange continues to rebound after recording a gain of 0.9% on Monday. At around 9:15 a.m. on Tuesday, the CAC 40 was up 0.74% at 7,130.42 points.


Contagion concerns related to the Silicon Valley Bank (SVB) bankruptcy and the Credit Suisse acquisition seem to have subsided for now. But while the market has erased its losses from Friday, it remains fragile and susceptible to negative reactions to any bad news.


This upward trend is supported in particular by the banks. BNP Paribas, Crédit Agricole and Societe Generale are experiencing increases ranging from 1.6% to 2.4%. Similarly, the luxury goods sector is seeing a rise in its stocks, with LVMH (+0.72%) and Dior (+0.63%) reaching new records.


Large industrial companies are benefiting from growth in France, which has helped reduce public debt. The public deficit fell more than expected and now stands at 4.7% of GDP. Alstom and Saint-Gobain posted an increase of more than 2%, while Valeo recorded an increase of 2.6%. The French automotive supplier filed 588 patent applications last year, according to the annual barometer of the European Patent Office published this Tuesday. This is the highest number of applications among French companies.


SVB’s bankruptcy on everyone’s mind



This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : © Press


The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Unlimited access to luxury news.

Discovery offer 1€ for 1 month!

Luxus Plus Newsletter