Paris (France) (AFP) – The Paris Stock Exchange remains on guard despite the good results of TotalEnergies, greeted timidly by investors who await the verdict of the tech giants in the United States and the meetings of the European Central Bank (ECB) and the American Federal Reserve (Fed).
Published on: 04/29/2026 - 10:57
At 10:30 a.m., the CAC 40 index fell by 37.72 points (-0.47%) to 8,066 points, on the same slope as the day before at the close (-0.46% to 8,104.09 points, down 37.83 points).
“Global markets are navigating between a fragile balance marked by resilient growth, persistent geopolitical tensions and cautious central banks,” summarize analysts at the private bank UBP.
Investors are awaiting the outcome of the meeting of the American Federal Reserve (Fed) on Thursday, which will likely be the last of its boss Jerome Powell. The meeting of the European Central Bank (ECB) will follow on Thursday.
However, the two institutions should not touch their key rate but should comment on the risks of inflation.
In the meantime, the interest rate linked to French debt showed a yield of 3.74% over ten years, up slightly compared to the day before (3.72%).
The markets are also still sensitive to oil prices, which increased by almost 3%. At 10:30 a.m., a barrel of Brent was trading at $114.52 (+2.93%). The American WTI crossed the threshold of 100 dollars (102.83, +2.90%).
“This increase can be explained by the feverish wait for Donald Trump’s response to the latest Iranian proposal,” explains John Plassard of Cité Gestion.
“An even more structuring element is disrupting the market balance: the decision of the United Arab Emirates to leave OPEC, calling into question the very cohesion of the cartel,” he adds.
Paris and other stock markets are finally impatiently awaiting the results of the tech giants in the United States on Wednesday and Thursday, against a backdrop of renewed questions about the profitability of AI.
The creator of ChatGPT, Open AI, is struggling to achieve its results in terms of revenue and users, according to information from the Wall Street Journal published Tuesday, before the results of Microsoft, Meta, Amazon, Alphabet on Wednesday, then Apple on Thursday.
This information has revived “doubts concerning the profitability of investments in artificial intelligence”, according to the investment company Aurel BGC.
OpenAI is in fact "at the center of an AI ecosystem worth several hundred billion dollars and bringing together the biggest names in the world, among the most highly valued", underlines Ipek Ozkardeskaya, analyst for Swissquote.
TotalEnergies is progressing slowly, Airbus is taking off
TotalEnergies gained 0.31% to 78.51 euros per share, after the announcement of a net profit up sharply by almost 50% to 5.8 billion dollars in the 1st quarter, marked by the surge in barrel and pump prices.
As for Airbus, investors preferred to see the glass half full, despite contrasting results published on Wednesday (turnover of 12.65 billion euros, down 7% compared to the same period last year).
Its stock increased by 1.77% to 169 euros.
The microprocessor manufacturer STMicroelectronics (+3.33% to 43.60 euros) continues its march forward, unaffected by doubts about artificial intelligence.
Amundi resists turbulence
The leading asset manager in Europe, Amundi (+5.66% to 80.25 euros), recorded an increase in its assets and profits in the first quarter, despite the decline in the markets in March due to the war in the Middle East.
© 2026 AFP
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