The Paris Stock Exchange still well oriented mid-session

The Paris Stock Exchange still well oriented mid-session
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AFP / File
/ ERIC PIERMONT

The Paris Bourse was still buoyant Monday (+ 0.29%) at mid-session, investors choosing to return to the market after a report on US employment rebadured them.

At 13:42 (11:42 GMT), the CAC 40 index took 15.52 points, at 5,391.29 points, in a trade volume of 963 million euros. Friday, the index ended up slightly up 0.18%.

The Parisian coast has opened up and has maintained this trend since, while reducing a little advance.

The New York Stock Exchange 'On the other hand, it turned toward an opening in the green.'

The futures contract on the Dow Jones Industrial Average index, which shows its trend, was 0.41%. The broad-based S & P 500 index gained 0.35% while the Nasdaq index, dominated by technology, rose by 0.35%.

"Investors let themselves be carried by the strength of the job market in the United States and by the limited rise in wages, an environment that could lead the US Federal Reserve not to accelerate the normalization of its monetary policy, "writes Franklin Pichard, Managing Director of Kiplink Finance in a note.

Indeed, the report US employment monthly released Friday quieted the market, both on the health of the US economy and on inflation.

If job creation in the US was stronger than expected in In June, the average hourly wage increased less than badysts expected, thus removing fears of accelerating inflation.

Operators put aside the escalation of tensions between the two countries. US and China, while US $ 34 billion new Chinese tariffs came into effect on Friday, provoking the ire of Beijing, which promised retaliation.

"Current taxes on are not new, the market has been anticipating them for a month and, for now, the environment continues to support financial growth, which allows markets to rise, "says Jasper Lawler, an badyst for London Capital Group.

The subject remains in the foreground, two days before the arrival in Europe of US President Donald Trump, who will attend the NATO summit on Wednesday and Thursday in Brussels.

Renault ballasted by Nissan

On the indicators side, the agenda includes consumer credit figures in the United States.

In France, growth should have capped at 0.3% in the second quarter, despite a sharp rebound in the industrial ion in June, confirmed the Bank of France in a third estimate published on Monday.

For its part, Germany has unveiled a trade surplus of 20.3 billion euros in May, up from April, according to provisional data.

On the values ​​front, Air France-KLM gained 7.13% to 7.40 euros, after announcing that the number of pbadengers it has carried increased 3.7 % in June.

Renault yielded 1.61% to 73.25 euros. Nissan, whose diamond group is the largest shareholder, acknowledged Monday that most of its plants in Japan had used improper vehicle pollution control methods.

The oil sector was in the green, with the image Total (+0.75% to 53.71 euros), TechnipFMC (+0.97% to 26.10 euros) or Vallourec (+3.46% to 5.26 euros).

Sequana earned 5.16% at 0.50 euro. Its subsidiary Arjowiggins plans to divest two of its divisions to Fineska BV, after which Sequana would be totally divested of its industrial production activities.

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09/07/2018 14:19:31 –
Paris (AFP) –
© 2018 AFP