[STOCK MARKET UPDATE] The Paris Stock Exchange maintains its upward trajectory despite the monetary policy of the Federal Reserve

The Paris Stock Exchange maintains its upward trend this Friday. Despite a slight correction at mid-session, European markets are following this positive momentum. Now, investors are closely monitoring the interventions of Christine Lagarde and Kristalina Georgieva, while recent statements from the American and European central banks temper expectations of a rapid decline in interest rates.


The Paris Stock Exchange continued its upward trend on Friday morning, recording a 0.25% increase around 09:45. The flagship CAC 40 index showed a gain of 18 points, reaching 7,419.44 points, consolidating the gains from the previous day. London was up by 0.75%, Frankfurt by 0.42%, and Milan by 0.36%. The Swiss stock market saw its leading SMI index rise by 0.3% just before 09:50.


At mid-session, European stock markets maintained their positive momentum.


However, the Paris flagship index dropped by 0.27%, reaching 7,381.19 at 3:40 PM.


On Thursday, the Paris market rebounded by 1.13%, marking its best session in a month. This rebound is attributed to the growth in the luxury and technology sectors. However, the weekly performance remains in negative territory at this point.


Investors are closely monitoring the interventions of European Central Bank (ECB) President Christine Lagarde and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, scheduled for late morning at the Davos World Economic Forum.


Tensions on U.S. monetary policy


Recent statements from the U.S. and European central banks have tempered the idea of a rapid interest rate cut as anticipated by the markets.


“The market seems to have corrected somewhat the overly aggressive expectations it had regarding the possible easing of monetary policy in 2024,” notes Sebastian Paris Horvitz, Director of Research at La Banque Postale AM.


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Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

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