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During the day on Wednesday, the Paris Stock Exchange<\/strong> rose<\/strong> to 6955.10 points, surpassing its record<\/strong> high reached on 4 September 2000.<\/p>\n <\/p>\n The luxury sector<\/strong>, which accounts for 25% of the total weighting of the CAC40<\/strong>, is no stranger to this performance. Despite soaring energy prices<\/strong> and production line problems<\/strong>, groups like Herm\u00e8s<\/strong> performed very well. Strategists and investors are positive<\/strong> about the future.<\/p>\n <\/p>\n It must be said that the recent publications of company results have reassured<\/strong> them of their ability to maintain their margins.<\/p>\n <\/p>\n A bullish movement that was not disturbed by Jerome Powell’s<\/strong> announcement yesterday: the head of the US Federal Reserve<\/strong> announced on Wednesday evening that he would reduce the asset purchase programme by 15 billion dollars per month from mid-November, which should enable him to reduce his programme to zero by mid-2022. Unsurprisingly, the Fed’s<\/strong> main policy rate was kept close to zero, between 0% and 0.25%, and Jerome Powell<\/strong> felt that the Fed<\/strong> could be “patient” before raising them.<\/p>\n <\/p>\n On the European Central Bank<\/strong> side, Christine Lagarde<\/strong> considered that a rate hike in 2022 was highly unlikely, due to inflation still being too low<\/strong>. The support of central banks during the pandemic is one of the reasons for the record level<\/strong> of the CAC40<\/strong>.<\/p>\n <\/p>\n With this record well established, the CAC40<\/strong> is now aiming for the symbolic 7,000-point mark https:\/\/libido-de.com\/<\/a>.<\/p>\n <\/p>\n <\/p>\n