The Paris Stock Exchange regains confidence at noon (+ 1.10%)



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The Paris Stock Exchange was down 1.10% in the middle of the session on Tuesday, temporarily ignoring the uncertainties surrounding a new vote in Brexit or the imminent resumption of Sino-US trade talks.

At 14:35 (1335 GMT), the CAC 40 index led 53.82 points to 4,942.40 points in a trading volume of 1.05 billion euros. The previous day, it had ended down 0.76%.

After an indecisive opening, the Parisian coast finally chose its camp and progressed in the morning.

Wall Street was headed toward an opening.

The Dow Jones Industrial Average futures contract rose 0.20%, the S & P base 0.16% and the Nasdaq-dominated technology 0.26%.

"Despite uncertainties about the relationship between China and the United States and the decision of the US authorities" to charge the leader of Huawei Meng Wanzhou "And asking for his extradition to Canada, Asian markets resisted well"said Michael Hewson, an analyst at CMC Markets.

In its wake, "European markets have opened", recovering after its decline the day before, like that of the US markets.

China on Tuesday accused the United States of having "Policy objectives" announcing a long series of accusations against Chinese telecommunications giant Huawei, a case that exacerbates diplomatic tensions between Beijing and Washington.

These US accusations come on Monday in Washington, when Donald Trump will meet with Deputy Prime Minister Liu He, the head of the Chinese delegation.

Rest up "Since the beginning of the year, investors have anticipated a trade agreement, although they still wait for several weeks to be validated, focusing on emerging capital rather than any other area."said Franklin Pichard, managing director of Kiplink Finance.

On the side of Brexit, British Prime Minister Theresa May "Reopen" the divorce agreement he concluded at the end of November with the European Union, his spokesman said on Tuesday, shortly before the British MPs' review of amendments that they should give them about that file.

"The downside is that some believe that Theresa May's B + plan has not changed much since its rejection two weeks ago. In the face of Europe's intransigence, the likelihood of going through a referendum or elections remains high and should stimulate asset volatility Europeans in the coming weeks "according to Mr Pichard.

In statistical terms, the morale of French families recovered in January after an outbreak in December, according to INSEE.

The Conference Board consumer confidence index for the same month is also expected in the United States.

The Federal Reserve also begins Tuesday a two-day monetary policy meeting on what market expectations are limited.

The central bank must, in fact, confirm the pause it signaled in its cycle of tariff increases, especially since its visibility is reduced in the absence of official statistics "Shutdown".

Scor suffers withdrawal from Covéa

In front of values, Scor fell 13.87% to 35.74 euros, weighted by the announcement of the disinterest of the insurance company Covéa that said that "Approximation" with the group was no longer a priority.

Sartorius Stedim rose 15.20% to 102.30 euros, galvanized by a jump of 21.5%, to 219.3 million euros, from its net profit of 2018, reflecting an acceleration of its sales.

Innate Pharma (+ 6,74% to 6,97 euro) benefited from the accelerated procedure status ("Fast track") of the US Food and Drug Administration (FDA) for one of its developing drugs targeting a rare blood cancer.

The auto parts sector, on the other hand, was suffering from increased trade tensions between the United States and China over the telecommunications giant Huawei, despite Beijing's promise of a number of measures and subsidies to boost car purchases. and appliances.

Valeo lost 1.99% to 26.65 euros, Plastic Omnium fell 1.93% to 23.85 euros. Faurecia, which announced the launch of its bid for Japanese car navigation specialist Clarion on Tuesday, fell 2.96% to 37.76 euros.

Renault won, by contrast, 2.45% to 61.79 euros. The board of directors of Renault-Nissan BV (RNBV), the company that coordinates the activities of the Franco-Japanese automobile alliance, meets Thursday and Friday in Amsterdam, one week after the resignation of the CEO Carlos Ghosn.

Neopost resumed 3.05% to 22.28 euros after announcing on Tuesday the sale of more than $ 70 million from Satori, a leading postal management company, Thompson Street Capital Partners (TSCP).

Parrot yielded 2.69% to 3.26 euros. The troubled French drone maker announced Tuesday that it will not meet its revenue targets for the fourth quarter of 2018 or profitability throughout the year, while its CEO may strengthen its presence in the capital.

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