Paris (AFP)

The Paris Bourse regained some color on Friday at mid-session (+ 0.57%), delighted by the rebound in industrial production in France and Italy.

At 13:39 (11:39 GMT), the CAC 40 index advanced 28.08 points to 4,949.09 points. The day before, it had ended a decline of 1.21%.

The Parisian rating relapsed at the opening in line with the Asian markets before advancing cautiously.

Wall Street was preparing to open in negative territory. The futures contract on the flagship Dow Jones Industrial Average yielded 0.27%, that of the broad S&P 500 index 0.21% and the highly technological Nasdaq 0.11%.

Industrial production in Italy rebounded by 42.1% in May over a month, and that of France (+ 19.6% in May), almost regained what it had lost in April (-20.6% ).

Coupled with a new escalation in relations between Beijing and Washington, the resurgence of the number of cases of coronavirus however continued to alter the appetite for risk.

"Even if most traders, reassured by unprecedented monetary and fiscal stimulus, still believe in the strength of economies, they also digest the fact that the virus does not go away," said Pierre Veyret, analyst at ActivTrades.

"This situation leads them to temper their investments and to prepare for possible new local containment measures this year, which would make the current recovery slower than initially planned," he added.

China said Friday it had found traces of coronavirus on packages of shrimp from Ecuador.

To this health stress, political tensions are added.

Beijing has thus announced reprisals against the United States, in the wake of American sanctions against several Chinese leaders accused of suppressing the Uighur Muslim minority in Xinjiang.

The pandemic has caused economic and social havoc that the large central banks accompanied by the states are trying to contain by injecting billions to restart activity as quickly as possible.

In this regard, the President of the European Council Charles Michel urged Friday to action the 27 countries of the European Union which must meet on July 17 and 18 to adopt a massive plan to revive the European economy, more or less shunned by the Netherlands, Denmark, Sweden and Austria.

"The opening, next week, of the second quarter earnings season on the other side of the Atlantic should also reinforce the wait-and-see attitude of investors and a market which will continue to evolve in a sawtooth fashion," said Franklin Pichard, director Kiplink Finance.

- STMicro far ahead -

STMicroelectronics climbed 5.43% to 25.43 euros, leading the CAC 40, far ahead of Air Liquide (+ 2.19% to 135.10 euros) and Airbus which rose from two bearish quotes (+ 1.68% at 64.28 euros).

Total was returning to the green (+ 0.54% to 33.34 euros) after the International Energy Agency (IEA) estimated that world oil production should start rising again in July with the resumption of request.

On the SBF-120, Alstom gained 2.96% to 44.45 euros after winning with the Taiwanese company CTCI a new contract for a total amount of 424 million euros, including 248 million for him, for the extension from the Taipei metro.

Kaufman & Broad rose 5.84% to 33.55 euros having promised to end the year in the green, despite a drop in revenue.

Groupe ADP fell by 0.99% to 90.45 euros, the airport manager having decided to enter into negotiations with the unions to adapt to reduced activity in the coming years due to the crisis due to the coronavirus, with for objective of avoiding any forced departure.

Interparfums lost 2.90% to 40.20 euros, expecting to see its sales plunge in the first half.

© 2020 AFP