Stock markets ended the quarter on a positive note, setting a series of new records on both sides of the Atlantic. Despite the Easter weekend break, the Paris Bourse ended an eventful but lucrative week yesterday, extending its fifth consecutive month of gains.
Stock markets set a series of new records on both sides of the Atlantic. In France, the CAC 40 index set its 20th record of the year, closing the first quarter with gains of 8.78%.
“We were aiming for a 9% rise in the CAC 40 over the year 2024, and we achieved it in one quarter”, said Edouard Kerhor, financial investment expert at Milleis Banque Privée. However, he believes that it is not impossible for the index to fall back next quarter.
Across the Atlantic, the S&P 500 is up 10% year-to-date. The index favored by American managers looks set to achieve its best first quarter since 2019, when it gained 13.07%. The Dow Jones, up 5.5% over the period, is also on course for its best quarter since 2021, when it gained 7.76%. Finally, the Nasdaq Composite is not to be outdone, with an annual gain of 9.2%.
However, the start of 2024 was less dynamic than the first quarter of 2023 (+16.77%).
Public holiday for the Paris Bourse
Although closed today for the Good Friday holiday, the Paris Bourse yesterday closed an eventful but lucrative first quarter, with mostly positive sessions. Over the week, the Paris stock market gained 0.66%, closing its fifth consecutive month of gains, boosted by a 3.51% rise in March.
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