Paris (AFP)

The Paris Bourse closed Monday up (+ 0.52%) approaching the month of July with a go largely fueled by the trade truce decided during the G20 by Donald Trump and Xi Jinping.

The CAC 40 index gained 28.94 points to 5,567.91 points, after setting a new record in session at 5,611.28 points, in an average trade volume of 3 billion euros. Friday, he ended up 0.83%.

The Paris rating opened on a clear rise on Monday and held its course thereafter.

"The market benefits from the truce initiated by the US and Chinese presidents, which raises again the hope of an agreement even if nobody waits before September," observed AFP Mikaël Jacoby, brokerage responsible Continental Europe of Oddo BHF Securities.

Donald Trump and Xi Jinping have decided Saturday to revive trade negotiations between the two countries, Washington giving up taxing more Chinese imports, according to the official Chinese agency, at the Osaka G20 summit. But this resumption of dialogue between the first two world economies has no timetable.

The US president also said he does not intend to "add" tariffs on imports from China, nor to remove, "at least for the moment."

"Investors are also waiting for appointments at the European Union level and in particular at the head of the European Central Bank, this position has the greatest impact on the markets," said Jacoby.

And according to him, "the rating is also driven by the hope of seeing a leader come in favor of the markets".

The summit of EU leaders on the sharing of EU power stations has been suspended until Tuesday, for lack of concrete results. This is the third time since the May elections that the 28 EU leaders met to decide on the succession of European Commission President Jean-Claude Juncker, who will step down on 31 October.

Donald Trump also wrote a page of history Sunday with North Korea becoming the first president of the United States to tread the soil of this country, during a meeting with Kim Jong Un which allowed to restart the discussions on the Pyongyang nuclear program.

On the indicators side, manufacturing activity in China contracted sharply in June.

In France, the automotive market fell 8.4% year-on-year in June, while the manufacturing sector last month posted its strongest growth in nine months.

Growth in lending by euro area banks to the private sector slowed slightly in May. And in the United States, the June ISM manufacturing activity index slowed further.

? 2019 AFP