CAC40: all-time high, tackles 8250 resistance level

(CercleFinance.com) - This morning, the Paris stock market gained 0.
5% around 8250 points, a new all-time high which analysts believe will be the next resistance threshold.

Legrand was the index's biggest gainer (+2%), ahead of Pernod Ricard and Eurofins Scientific (+1.8% each).

Ahead of the long Easter weekend - the markets close up store this evening, only to reopen on Monday for Wall Street and Tuesday for the European markets - investors will be paying close attention today to the latest estimate of US GDP growth in the 4th quarter, which should logically be confirmed at 3.2%.

In the US, investors will also be keeping an eye on the weekly jobless claims figures, as well as the University of Michigan's consumer confidence index.

Tomorrow, while the markets are closed, the US PCE index could also allay or reinforce concerns about the reawakening of inflation.

While the New York Stock Exchange will reopen on Monday, the doors of the European stock markets will remain closed until Tuesday morning.

In this wait-and-see climate before the Easter weekend, and on the eve of a major US statistic, the euro retreats slightly against the greenback, to $1.07/E (-0.3%).

In company news, Trigano reports sales for the first half of 2023-24 up 18.4% to nearly 1.91 billion euros, with second-quarter sales (+17.8%) confirming the trend observed since the start of the financial year.

Following on from its announcement of the previous day, Renault Group reports that it has sold 99,132,100 Nissan shares to Nissan, representing around 2.5% of the Japanese company's capital, resulting in a positive cash flow of 358 million euros.

For 2023, Viel & Cie reports a 33.4% increase in net income (group share) to 98.1 million euros, and a 25.8% increase in operating income (including associates) to 172.1 million.

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