Paris (AFP)

The Paris Bourse finished up (+ 0.65%) on Monday, regaining ground after a difficult May due to the still acute trade tensions between the United States and China.

The CAC 40 index gained 33.83 points to 5,241.46 points, in an average trade volume of 3.4 billion euros. Friday, he had finished down 0.79%.

The Parisian coast began to fall before climbing the slope to finish rising.

"After the sharp decline in May, some initiatives have been taken, especially on the Saudi side to stabilize the oil market and the impetus of the sector, the Parisian coast began a small recovery," explained to the AFP Daniel Larrouturou, Deputy Chief Executive Officer of Diamant Bleu Gestion.

Oil prices reached their lows in three-and-a-half months on Monday, after losing nearly 12 percent in three trading sessions, but began to recover somewhat after statements by the Saudi energy minister on Monday. saying "confident".

"A consensus is beginning to emerge between the OPEC + countries, for the stabilization of the market to continue in the second half of the year," Minister Khaled al-Faleh told the official Saudi Press Agency.

"But the market remains epidermically sensitive to commercial news between the United States and its various partners," said Mr. Larrouturou.

Rejecting Washington's responsibility for the failure of talks, China has launched a counter-offensive with punitive new tariffs on $ 60 billion worth of imported US goods.

It has also drawn up its own blacklist of foreign companies, which is seen by experts as a response to the ban on Huawei by US authorities, because of suspicions of espionage.

After opening a new trade front late last week with Mexico, the US president arrived Monday in the UK with the intention to also pressure London to exclude Huawei from its 5G network.

- The oil companies in the green -

On the indicators side, in France, the activity of the manufacturing sector has returned to growth. On the other hand, the same indicator fell in Great Britain, a first in three years. The growth in manufacturing activity in May in the United States (ISM index) slowed more than expected.

In terms of securities, oil stocks have recovered some colors, like crude prices. Total thus nibbled 0.15% to 46.71 euros and TechnipFMC took 0.37% to 18.87 euros.

The automotive sector, which is particularly exposed to commercial risk, has also managed to stabilize. Valeo took 0.34% to 23.76 euros, Faurecia 0.15% to 33.12% and Peugeot ended the balance (+ 0.05% to 19.98 euros).

Renault has won 0.61% to 54.25 euros, waiting Tuesday for a meeting of its board to respond to the proposed merger of Italian-American group Fiat-Chrysler.

Luxury is also out of the red, LVMH amount of 0.56% to 340.50 euros and Kering 0.13% to 466.55 euros.

Casino lost 0.62% to 33.86 euros, penalized by the downgrade of its rating by Moody's from Baa3 to B1, after the placement in safeguard proceedings of its parent company Rallye.

Bonduelle fell by 1.44% to 27.40 euros after the announcement of the acquisition in Russia of a factory producing frozen vegetables.

? 2019 AFP