Lots of suspense and a happy ending: this is a Hollywood scenario that played out on the markets in 2019.
After many twists and turns, the two most anxiety-provoking political issues of the year – the trade war and Brexit – each made positive progress shortly before Christmas. This resulted in a final impulse on the world stock exchanges which has several times propelled the CAC 40 beyond 6,000 points, a level unseen since the summer of 2007.
The flagship index certainly did not exceed the 2007 peak (6,168.15 points on June 1), which had experienced the first symptoms of the great financial crisis. The CAC 40 also remains close to 1,000 points below its absolute highest (6,944.8 points on September 4, 2000), posting however, taking into account the reinvestment of dividends, a gain of 63% since then.