Paris (AFP)
The Paris Bourse finished stable (+ 0.03%) on Thursday, lacking momentum in the absence of US investors because of a holiday, even if it managed to sign a new annual high.
The CAC 40 index gained 1.92 points at 5,620.73 points, in a very low trade volume of 1.9 billion euros. The day before, he had finished up 0.75%.
The Parisian coast has been in equilibrium since the opening, but marginally improved its annual record with a high in session at 5,629.79 points.
"We have quite hungry transaction volumes in the absence of US investors and there is a lot of wait-and-see attitude overall," AFP analyst Andrea Tuéni told AFP.
However, "the underlying trend is clearly on the rise with a CAC 40 above 5,000 points and seems to want to stay," investors buying in the hope of action by central banks, according to him.
So they now expect "the publication of the report on employment tomorrow (Friday) in the United States, which could help confirm the current trend of (the anticipation of) a decline in rates of the Fed at the end of month, "observed the specialist.
On Wednesday, the figures from ADP's monthly survey, often considered as an indicator of those in the monthly employment report, were disappointing.
Job creation in the private sector in the United States rebounded in June, but less than expected by analysts and mark a marked slowdown in the trend of the last six months.
On the trade front, China warned on Thursday that it would not sign a trade deal with the United States unless it included a total lifting of the Trump administration's tariff surcharges on Chinese products.
In the medium term, it is the season of the results of the second quarter, and the monetary policy meeting of the Federal Reserve (Fed) at the end of July, which should be the next catalysts of the market.
On the indicator side, May retail sales in the euro area were down 0.3% from April, Eurostat said.
In the United Kingdom, car sales fell 4.9% in June year-on-year, according to industry professionals, citing the decline in hybrid vehicles, as well as uncertainties around diesel and low-emission areas.
? 2019 AFP