The Paris Stock Exchange is moving around the balance on Monday, caught between geopolitical uncertainty in the absence of progress to end the war in the Middle East, and enthusiasm around the technology sector.
Around 9:45 a.m. Paris time, the flagship CAC 40 index rose 0.04% to 8,186.56 points. On Friday, the Parisian index finished almost in balance, losing 0.07% to 8,183.34 points.
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Crude prices started the week on the rise “after the United States and Iran exchanged fire over the weekendâ€comments Kathleen Brooks, director of research at XTB. American media reports over the weekend reporting new American demands on Tehran dampened hopes of an imminent agreement, fueled by Donald Trump himself. “The equity markets were slightly affected by this situation”she continues, geopolitical uncertainty tempering enthusiasm. “Even though both sides have carried out attacks, the market continues to cling to the idea that negotiations are continuing and that an agreement between the United States and Iran, intended to end the war in the Middle East and reopen the Strait of Hormuz (passage strategic for the transport of hydrocarbons, editor’s note) will eventually see the light of day »estime Kathleen Brooks.
La tech tire le marché
“The first stock market session of the new month begins on an excellent note for technology stocks”underlines Ipek Ozkardeskaya, analyst for Swissquote. “If we take technology out of the equation, the rest of the global industrial sectors appear rather gloomy.”she continues.
STMicroelectronics was up 1.44% at 59.80 euros around 9:45 a.m. local time. AI proxy values, which benefit indirectly from the rise of artificial intelligence without themselves being model developers, are also showing an increase. Companies specializing in electrical infrastructure, which are benefiting from the boom in data centers, even take the lead in the CAC 40 index on Monday. Schneider Electric gained 3.00% to 278.05 euros, and Legrand rose 1.52% to 149.90 euros.
The electrical equipment and industrial automation group Schneider Electric is a partner in the colossal 75 billion euro investment project in France from Softbank, a Japanese technology investment giant, announced on Saturday ahead of the Choose France summit which opened on Monday. “This will be the largest investment in Europe in infrastructure linked to artificial intelligence: 75 billion euros in total, including 45 billion by 2031, in Hauts-de-France.”for the construction of data centers, indicated the president of SoftBank Masayoshi Son to La Tribune Dimanche, received at the Elysée Monday morning where he must sign an agreement with the general director of Schneider Electric Olivier Blum.
