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Paris stock exchange: a decline recorded for the first session of the new year

04/01/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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For the first session of the year 2O24, the Paris Stock Exchange recorded a decline, hampered by poor activity indicators in China and the rise in bond yields.

2024 started badly for the Paris Stock Exchange, with investors bordering on indigestion on Tuesday, January 2. Around 15:00 p.m., the CAC 40 lost 0.7% to 7,490.40 points against +0.89% at the highest of the session. Index futures lost 0.6% to 1.15% on Wall Street. The flagship index of New York closed on Friday, for the final session of 2023, less than 50 points from its absolute peak. As things stand, it seems unlikely that a trend reversal would allow the S&P 500 to reach new highs

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noted that the first session of 2023 resulted in an increase of close to 2% for the CAC 40, which finally gained 16.5% last year.

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