[ad_1]
The Paris Bourse finished in the green Friday (+ 0.43%), taking advantage of a truce in the trade war to nibble a little ground, pending the results of companies. The CAC 40 index took 23.30 points, at 5,429.20 points, in a trade volume of 3 billion euros. The day before, he had finished up 0.97%. Over the past week, the index has gained 0.99%. Since January 1st, he has gained 2.20%.
Waiting Market. After opening up slightly, the Parisian coast remained in positive territory. "There has been no escalation of tensions between the United States and China today, as the market had corrected this risk, it has made a small catch-up technique," commented Yann Azuelos, portfolio manager of Mirabaud France. "The market is rather wait-and-see, few positions are being taken at this time because of uncertainty about the impact of the trade war," he added.
US Bank Results. In the absence of major news on the European side, market players turned to the United States where three major banks published their results for the second quarter, kicking off the season. These banking giants announced mixed results, very good for JPMorgan Chase, more mixed for Citigroup and frankly bad for Wells Fargo, in a context of strong economic growth and lower tax burden in the United States.
Earlier during the day, European markets also benefited from the latest figures from China, whose trade balance recorded last month a further rise in its trade surplus with the United States. Prices of products imported into the United States fell in June while US household sentiment eroded in July, reflecting concerns over trade tensions.
Source link
