The Paris Bourse ended the session up 0.99% Tuesday, boosted by the postponement of US taxes on Chinese electronic products and ignoring a German indicator that had earlier undermined his morale. The CAC 40 index gained 52.76 points to 5,363.07 points, in a trade volume of 3.98 billion euros. The day before, it had finished slightly down (-0.33%).
The Paris rating opened in the red and retreated further after the publication of a new decline in the German ZEW confidence barometer. But in the afternoon, it completely reversed the trend, boosted by the news on the commercial front.
No market rush
"It's a volatile day," said Thierry Claudé, manager for Kiplink Finances. It is "all the more volatile as we are in a week that is virtually the most hollow historically of the year with very few players" on the market.
The publication of the German ZEW barometer of trust in the financial community "has had the effect of a cold shower this morning," he continued, "but the market was packed in the afternoon, after the announcement of the US government to delay taxation an additional 10%, on high-tech products among others, from September to December ". The announcement, which delays Washington's imposition of a 10% tax on $ 300 billion in Chinese imports, immediately bounced back the European and US markets.