This Monday session ends well. The Cac 40, which lost up to 0.85% this morning, closed up 0.73%, at 4,945.46 points, despite the concerns that persist around the health situation in the United States.
It was not until the opening of Wall Street and the jump of Boeing that the fellows felt winged. What happened ? The American aviation regulator has authorized the American aircraft manufacturer to conduct test flights on its 737 Max, which has been grounded for more than a year. If Boeing obtains recertification for its large aircraft, commercial flights could resume by the end of the year. The giant’s shares – which weighs twice as much as Airbus on the stock market – soared 8%, signifying the largest increase in the components of the Dow Jones.
On the Paris Stock Exchange, Safran and Lisi, which equip the Boeing 737 Max, closed higher. Lisi, leading the SRD performance, gained up to 10%.
Among the other values that stood out, we note the progressions of Renault, Agricultural credit, ArcelorMittal or Airbus, which are also among the companies that have already suffered a lot on the stock market since the start of the year.
A l’inverse, Danone finished down 2.1%. Analysts have revised their earnings estimates down after the group estimated the additional direct costs of the sanitary measures at around 100 million euros, which will weigh on the operating margin. UBS and Bank of America are now advising to sell the value.
Over 500,000 dead worldwide
Trade volumes were, however, relatively low. Caution remains in view of the increase in the number of new cases of coronavirus in the United States.
The coronavirus has killed more than 500,000 people worldwide, according to data compiled by Johns Hopkins University, and the number of cases of infections exceeds 10 million. The United States concentrates more than 20% of the total deaths and the number of infected Americans approaches 2.5 million, the south and west of the country being particularly affected.
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