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The Paris Stock Exchange expected to rise after Christmas

The Paris Stock Exchange was expected to rise after the Christmas truce, reinforced by a new positive message on the imminent signing of a partial trade agreement between the United States and China.

The futures contract on the CAC 40 took 0.41% thirty minutes before the opening of the session. On Tuesday, the index ended on a closing high at 6,029.55 points, a level not equaled for 12 years. The Parisian place remained closed Wednesday and Thursday.

For its part, Wall Street again broke a record Thursday, continuing its upward trend of the end of the year, the Nasdaq having even exceeded for the first time the symbolic threshold of 9,000 points.

“European indices should open higher this morning, after new information from Beijing, this time concerning Sino-US trade relations,” say experts at Mirabaud Securities Geneva (MSG).

“A spokesman for the Chinese Minister of Agriculture said that + China was very close to signing Phase 1 with the United States +. Nothing really new, but this is pushing investors not to stay sellers at the end of the year, “they said.

The two world powers agreed in December to a truce in their customs tax escalation, pending the signing of a preliminary agreement, which could be signed as early as January.

But phase 2, which remains to be negotiated, promises to be particularly delicate because it concerns technology transfers.

“The question now facing all investors is whether after a year of such intensity it is possible that growth will continue in 2020,” say MSG experts.

The pace of global growth next year will largely depend on the trade showdown engaged by U.S. President Donald Trump with China.

In terms of statistics, market players are awaiting figures from the American Energy Information Agency (EIA) and the weekly report on oil stocks in the United States while oil prices rose at their highest on Thursday high level since mid-September.

In Japan, the economy was showing signs of weakness: industrial production fell further in November (-0.9% on a month), after already falling sharply in October, due in particular to the persistent weakness of the country’s exports .

Regarding Brexit, European Commission President Ursula von der Leyen said she was “very worried” about the feasibility of negotiations on the UK’s exit from the European Union by the end of 2020, in an interview published Friday.


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Pan / st / shu

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