The Paris Bourse finished slightly up Monday (+ 0.15%), tentatively rejoicing in a series of good news, starting with the confirmation of a postponement of Brexit January 31.
The CAC 40 index rose by 8.42 points to 5,730.57 points, in an average trade volume of 3 billion euros. Friday, the Parisian place had ended up 0.67%.
The Parisian rating has emboldened a little at the announcement of the green light given by the European Union for a third postponement of the date of exit of the United Kingdom, until January 31, 2020, while Prime Minister Boris Johnson will again try to trigger early elections.
This postponement foresees a deadline of 31 January, but with the possibility for the United Kingdom to leave the EU on 30 November or 31 December in case of ratification of the exit agreement before these deadlines, according to a document seen by AFP.
“Brexit continues to be the big theme after having already carried the market last week,” said AFP analyst Alexandre Baradez, an analyst at IG France.
“The Parisian coast is also surfing the good news about Sino-US trade,” he added.
US President Donald Trump has hinted Monday that the signing of a trade agreement with Beijing could occur before the summit of the Association of Pacific Rim Countries (APEC) to be held in mid-November in Chile.
“These announcements fuel the taste of risk in confident markets even if the market is not too much,” said Baradez.
The market continues to benefit from central bank support and accommodative monetary measures, he said.
As for the US Federal Reserve, which meets Tuesday and Wednesday, investors anticipate a third decline in key rates, according to the expert.
– Automotive and mining shaped –
In the field of values, the automobile and mining industries have benefited from the fuller commercial and political context.
Michelin thus gained 4.80% to 112.45 euros, Renault 1.34% to 49.69 euros, Valeo 3.81% to 35.18 euros and ArcelorMittal 1.64% to 14.28 euros.
Europcar found colors (+ 6.38% to 3.37 euros) after being sanctioned heavily Thursday in the wake of the lowering of its forecasts.
Ubisoft also rebounded strongly (+ 11.63% to 52.40 euros) after its plunge of more than 16% Friday following a downward revision of its financial objectives for 2019-2020.
LVMH fell by 0.48% to 382.10 euros after confirming “preliminary discussions” with the US jeweler Tiffany for a possible buyout.
Vivendi gained 1.13% to 25.16 euros. Banijay, of which it is the minority shareholder, will acquire 100% of the capital of the Dutch audiovisual producer Endemol Shine.
Fleury Michon gained 1.35% to 30 euros, driven by the increase in sales (+ 6.8%) in the third quarter.
EDF, to which the government has asked to put in place an “action plan” within a month to put the nuclear industry back to the “highest standards” following the setbacks of the EPR Flamanville (Channel) , lost 0.84% to 9.21 euros.