2024

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<p>As the first quarter of 2023 approaches its end, let’s take a pulse of the stock market. The CAC 40 seems to be thriving, reaching a new record last Thursday at 8,253.59 points. But it’s not just the Paris Stock Exchange shining during this extended Easter weekend: Wall Street, the Nasdaq Composite, the Dow Jones, and the like are also showing strong performances. Detailed analysis!</p>
<h2 id="h-stock-market-boom-the-cac-40-on-an-upward-trajectory-despite-uncertainties">Stock Market Boom: The CAC 40 on an Upward Trajectory Despite Uncertainties</h2>
<p>Despite the ups and downs of the French economy, <strong>the CAC 40 has made headlines with its feats</strong>: <a href="https://www.cointribune.com/bourse-le-cac-40-frole-la-barre-des-8000-points/" target="_blank" rel="noopener noreferrer nofollow">crossing the 8,000-point threshold at the end of February</a>, reaffirming its rise above 8,000 points in early March, and <a href="https://www.cointribune.com/eclat-boursier-les-geants-du-cac-40-rayonnent-en-2023/" target="_blank" rel="noopener noreferrer nofollow">dazzling performances from the heavyweights</a> of the Paris Stock Exchange. The latest statistics predict a continuation of this bullish trend.</p>
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<p>Despite a tumultuous week, marked by <strong>a slight stability (+0.01%) at the end of the session on Thursday,</strong> the Paris Stock Exchange closed the month and the quarter in the green, thus achieving a remarkable feat. The flagship CAC 40 index <strong>climbed by a point to reach 8,205.81 points</strong>, with a morning peak at 8,243.33 points, further consolidating <strong>an already well-established upward trend</strong>.</p>
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<p>This impressive climb was marked by <strong>a new absolute record</strong>, with a high reaching <strong>8,253.59 points during the last session of the quarter</strong>. A performance all the more remarkable as it occurred on the eve of the Easter weekend, a traditionally quiet period on the stock markets.</p>
<p>According to Edouard Kerhor from Milleis Banque Privée quoted by <a href="https://information.tv5monde.com/economie/la-bourse-de-paris-termine-un-trimestre-largement-positif-2715845" target="_blank" rel="noopener noreferrer nofollow">TV5 Monde</a>, this progression is fueled by the <strong>prospect of decreasing rates</strong>, thus favoring an optimistic and prosperous market. Despite ongoing uncertainties, the CAC 40 has recorded <strong>a spectacular rise of 8.78% since the start of the year</strong>, surpassing initial forecasts for the entire year of 2024 in just one quarter.</p>
<p>This feat was underscored by <strong>a fifth consecutive month of gains</strong>, with an increase of 0.66% this week and an impressive 3.51% rise in March. Despite this positive trend, some experts remain cautious about the future outlook, suggesting a possible correction next quarter.</p>
<h2 id="h-american-indices-celebrating-the-euro-stoxx50-more-reserved">American Indices Celebrating, the Euro-Stoxx50 More Reserved</h2>
<p>While <strong>the Euro-Stoxx50 has shyly surpassed the 5,100-point mark</strong>, displaying an annual growth of 12.8%, its gain is only 0.1%. Meanwhile, the DAX40 continues to hover around the 18,500 points, without any significant variation.</p>
<p>Across the Atlantic, the <strong>S&amp;P 500 is hovering around equilibrium</strong> this Thursday, but records an impressive <strong>rise of 10% since the beginning of the year</strong>. The index favored by American managers appears ready to post its best first quarter since 2019, with a performance of 13.07% at this time. On the other hand, the <strong>Dow Jones</strong>, up by <strong>5.5%</strong> over the period, is on track to achieve its strongest quarter since 2021, with a growth of 7.76%. As for the <strong>Nasdaq Composite</strong>, it is not to be outdone, showing an <strong>annual increase of 9.2%.</strong></p>
<p>Despite this upward trend, the first quarter of 2024 has been less dazzling than the previous year, where the market had leapt by 16.77%. Behind these impressive performances hides a familiar name: <strong>Nvidia</strong>, the leader in graphics card chips. The company has registered <a href="https://www.cointribune.com/en/nvidia-breaks-all-records-on-the-stock-market-how-far-will-the-crazy-speculation-around-ai-go/" target="_blank" rel="noopener noreferrer nofollow">a <strong>growth of 83% in three months</strong></a>, after having already surged by nearly 240% in 2023.</p>
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<p>According to Arnaud Cayla, Deputy CEO at Cholet Dupont AM, <strong>this optimism is fueled by the prospects of central banks cutting rates</strong> (Source: <a href="https://investir.lesechos.fr/marches-indices/les-points-bourse/un-premier-trimestre-de-records-a-la-bourse-de-paris-comme-a-wall-street-2085777" target="_blank" rel="noopener noreferrer nofollow">Les Echos</a>). Investors are inclined to stay in the market, with no reason to sell.</p>
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<p>Before the long Easter weekend, when Western markets close their doors for a few days, investors were reassured by the latest estimation of the US GDP growth for the fourth quarter. The upward revision of +0.2% brings the annual growth rate to 3.4%, according to the Commerce Department.</p>

Paris Stock Exchange: The CAC 40 at its peak – a promising first quarter

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