The Paris Bourse continued its ascent (+0.90 per cent) on Friday afternoon after a vote for a deferral of Brexit and the optimism expressed by Donald Trump as to the imminence of a trade agreement with China, in a session technically important.
Has 13H51 (12H51 GMT), the CAC 40 index gained 47,79 points to 5.397,57 points, in a trade volume of 3 billion euros. The day before, the rating of paris had ended up 0.82%.
After an opening without direction, the Paris stock Exchange has gained ground in the morning.
Wall Street was poised to open in the green. The futures contract on the index featured Dow Jones Industrial Average progressed 0.52%, the index expanded S&P of 0.45% and the Nasdaq, to dominant technological, advancing 0.54%.
“The ongoing negotiations on the main themes, long and uncertain, but who show a willingness of the protagonists to avoid the scenario most detrimental, have reassured the markets, but not necessarily all investors,” said in a note Tangi Le Liboux, a strategist from the broker Aurel BGC.
The topicality of the last days in Europe is mainly concentrated around the Brexit. After rejecting successively the proposed agreement negotiated at the last minute by the First minister Theresa May, then the possibility of getting out of the EU without agreement, the british Parliament resolved on Thursday that the Uk request to postpone the divorce.
The motion provides for a court report, to June 30, if the elected british approve the withdrawal agreement of Ms. May, that they have already retoqué two times. But she decided to submit once again by Wednesday.
Berlin and Paris have prompted London to propose a clear solution to get out of the european Union, in particular before the european summit on 21 and 22 march.
In commercial matters, Donald Trump has again expressed on Thursday his optimism about a future agreement between the United States and China, stating expect a decision within four weeks, and his secretary of the Treasury Steven Mnuchin on Thursday ruled that the trade conflict between the two powers should “be resolved in the near future”.
In terms of indicators, the inflation rose in February in the euro area to 1.5% from 1.4% in January, according to Eurostat.
And the registrations of new cars in Europe fell year over year in February for the sixth consecutive month.
“Investors are turning to the good indicators of the time as those of the Bank of France, which considers that the growth should be resisted in 2019 in order to maintain their bias buyer,” noted Franklin Pichard, director-general of Kiplink Finance.
The French economy will grow only 1.4% in 2019, and 1.5% in 2020, but will survive better than its european partners thanks to the measures to support purchasing power and a lower exposure to the global economy, said on Thursday the Bank of France.