The Paris stock exchange hit a new all-time high on Tuesday. At the beginning of March, the star index CAC 40 was already just above 7,400 points, and after the extended Easter weekend, the index did even more. Just before 4 p.m., the Paris stock exchange reached 7,403.67 points. After the financial turmoil that has blown over from the US banks in recent weeks, investors again seem willing to take risks.
Today at 5:19 PM
After the peak of March 6, the French star index took another sharp plunge due to that banking crisis – on March 20, the CAC 40 was listed at less than 6,800 points. Since the beginning of this year, the CAC 40 has grown 14 percent in value.
The banks included in the star index have not yet been able to recover the losses they incurred in the wake of the bankruptcy of the US Silicon Valley Bank and the acquisition of Credit Suisse by UBS. For example, Société Générale continues to record almost 20 percent below the level of the beginning of March. BNP Paribas is behind by 10 percent and Crédit Agricole by 5 percent.