The Paris stock Exchange has closed sharply higher on Friday (+1,04%), thus returning to its levels from October 2018 to the top of 5.400 points, a number of positive macroeconomic news coming to reinforce the optimism of investors reassured about the Brexit.
The CAC 40 index rose 55,54 points to 5.405,32 points. The day before, the rating of paris had ended up 0.82%.
During the past week, he has gained 3.33 per cent. Its gains since 1 January amounted to 14,26%.
“Good macroeconomic news have hit the market,” said Philippe Cohen, director of Kiplink Finance.
“The postponement of the Brexit also removes a weight”, whereas the trade relations between China and the United States has taken “a good turn” even if the summit between the presidents of american and chinese shall be held in April rather than in march, ” adds the expert questioned by AFP.
On Thursday, Donald Trump has once again expressed his optimism about a future trade agreement with China, stating expect a decision within three to four weeks.
Beijing adopted Friday at the Parliament a law intended to ensure equitable treatment to foreign investors in China.
In addition, China has given a guarantee of action vis-à-vis the slowdown in the world’s second largest economy, a source of a concern in the world.
The question of the postponement of the Brexit should dominate the agenda of the european summit of 21 and 22 march in Brussels.
For the time being, “the market has built that there would be no output without agreement or fatal exit,” said Mr. Cohen.
The conservative ruling Theresa May has obtained the right to vote the Parliament for a third time next week on the Treaty of withdrawal.
In terms of european indicators, the inflation rose in February in the euro area to 1.5% from 1.4% in January, according to Eurostat.
The Bank of France estimated that the French economy would stand up better than its european partners, 2019 and 2020.
In the United States, the growth of manufacturing activity in the New York area is a bit collapsed in march, surprising analysts who expected the opposite to acceleration.
Industrial production slightly increased in February and u.s. consumer confidence rebounded more than expected at the beginning of the month of march thanks to a surge of optimism in households with low incomes.
Aéroports de Paris (ADP) has won 1,98%, to 175 euros. The national Assembly has given Thursdays a new green light to the privatisation of the group.
Iliad has gained 3.71% to 91,04€. The CSA has proposed Thursday to mediation in the arm of iron between its subsidiary, Free and Altice, who demand better conditions of distribution for its channels.
Renault has advanced 1.50% to 59,68 € and PSA of 1.33% to 22,16€, the two French car manufacturers have gained market share last month in Europe.
Bolloré has sold 2,04% 3,83 euros after having seen its net profit reduced almost by half in 2018, the following exceptional effects.