Monday, January 24, 2022

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    CAC 40 rebounds when yield becomes easier

    French stocks rebounded on Tuesday as investors refocused on testimony from Federal Reserve Chairman Jerome Powell at a re-nomination hearing with the Senate Banking Commission later that day, and the Treasury yields Retreat-backed sentiment and Wednesday US inflation data

    Benchmark CAC 40 rose 69 points (1%) to 7,184 after falling 1.4% in the previous session.

    Technip Energies surged 7%. The company has agreed to acquire 1.8 million shares of its own shares from Technip FMCplc.

    Airbus SE is now slightly up. The aerospace and defense company said it delivered 611 commercial aircraft to 88 customers in 2021 and achieved its 2021 commercial aircraft delivery target.

    In the future, the company said it is on track to boost production until 2022 to meet customer demands.

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    CAC 40 rebounds when yield becomes easier

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