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Paris (awp / afp) – The Paris Stock Exchange resumed some tuesday (+ 0.37%), supported by hopes of a positive outcome to the trade dispute between the United States and China. [19659002] The CAC 40 index took 20.08 points to end the session at 5,511.30 points, in a trade volume fed of 4.3 billion euros. The day before, he had finished down 0.37%.
The Parisian rating was indecisive throughout the morning, then she opted for green.
"In the morning there was a certain paralysis, which was unblocked in the early afternoon with information from Bloomberg that China and the United States would seek to revive trade negotiations, "commented to AFP Andrea Tuéni, Saxon Bank Analyst
Representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are in talks to look for ways to resume negotiations, Bloomberg said, referring to two people close to the issue
This information "raises the hope of a positive outcome to this conflict that has been driving the markets for several weeks now," Tuéni said.
"When there are accelerations on the rise, or conversely, retreats s important, it is often because of topics that surround the trade war, "he added.
" The market remains rather in a good dynamic, but there is always prudence, which is linked to a number of elements, "continued the expert.
Market players monitor the results of companies, many this week.
The technology sector is in the spotlight after the publications of big names in technology that have not convinced investors. In this context, the figures of Apple, scheduled for Tuesday after the closure of Wall Street, will be closely scrutinized.
Market participants also await the conclusions of the US Federal Reserve, which begins Tuesday a monetary policy meeting at the end of which it should leave the rates unchanged, but confirm its intention to raise them gradually to avoid overheating.
For its part, the Bank of England, which will vote on Thursday, should probably increase its policy rates
Investors have also become aware of a "battery of rather positive indicators, which have been sidelined," according to Tuéni
Growth in the second quarter slowed in the euro zone, worries about trade tensions, while inflation accelerated in July. In France, consumer prices also rose during this month.
In the United States, year-on-year inflation in June remained stable at 2.2%. Over the month, the consumer expenditure-based price index rose 0.1%.
Consumer confidence, on the other hand, picked up somewhat in July, more than forecast by consumers. badysts
Solvay boosted
In the field of securities, Vivendi jumped 3.74% to 22.20 euros. The media giant has announced that it wants to sell up to 50% of the Universal Music Group (UMG) capital and has entered into exclusive negotiations to acquire the publishing group Editis.
Solvay climbed by 3.44% to 117.25 euros, the Belgian chemical group, listed in Brussels and Paris, taking advantage of the confirmation of its targets for 2018.
Rexel took off 8.87% to 13.39 euros, powered by a net profit in up nearly 20% in the second quarter, supported by sales growth in all regions.
Mining stocks, weakened by the trade dispute, have picked up again. ArcelorMittal rose by 1.49% to 27.52 euros, Eramet 4.36% to 84.90 euros.
EDF gained 3.10% to 12.80 euros, investors mainly retaining the publication of a gross operating surplus (Ebitda) higher than expected and optimism of the group for 2018, even if net profit fell by 13.9% in the first half.
Sanofi nibbled 0.57% to 74, 37 euros, in the wake of a net profit sharply down 26.2% in the second quarter, a decline above badysts' expectations, particularly due to various costs and restructuring costs.
Legrand fell 1 , 94% to 62.84 euros, penalized by a disappointment in its organic sales in France below expectations despite a jump of 23.3% of its net profit in the first half.
Maisons du Monde was penalized (-6.77% to 26.16 euros) by lowering its sales targets for 2018, saying "cautious" about the commercial activity of the second half of the year in France, after a half-year profit below expectations
Sandro, Maje and Claudie Pierlot (SMCP) benefited (+ 5.77% to 24.83 euros) from raising its 2018 targets after sales exceeding expectations, up nearly 13% in the second quarter, and particularly dynamic in China.
Manitou was supported (+ 8.31% to 32.60 euros) by a net profit up nearly 38% in the first half, and confirmation of its annual objectives.
Mersen also benefited (+ 1.58% to 35.40 euros) from a net profit up more than 50% in the first half, and raising its annual sales and margin targets.
vac / soe / LyS
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