Paris (AFP)

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.

"It's a volatile day," Thierry Claudé, manager for Kiplink Finances, told AFP. 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.

On top of this is the political crisis in Italy, where the Senate, summoned urgently in a deserted Rome in this summer, must decide Tuesday night a date for the possible vote of a motion of censure against the government .

Investors also kept an eye on Argentina, which had a black Monday in the financial markets, and the political situation in Hong Kong, where the airport on Tuesday had a second day of chaos with the suspension or the cancellation of hundreds of flights due to pro-democracy demonstrations.

Finally, on the indicators side, the mood of German investors collapsed in August, to -44.1 points, to fall to its lowest in eight years amid fears of a global economic chill, according to the barometer of the ZEW institute.

Still in Germany, inflation was confirmed at 1.7% year-on-year in July.

- Luxury is recovering -

The luxury sector, which has plunged into the red due to the situation in Hong Kong, one of the world's luxury strongholds, has recovered overall.

While Kering fell 1.97% to 439.95 euros, LVMH finished up 0.84% ​​to 359.55 euros while Hermes has grazed 0.06% to 615.80 euros.

Accor, the sixth largest hotel group in the world, gained 0.39% to 38.50 euros.

ADP fell 0.71% to 153.90 euros despite an increase in its recommendation to "neutral" by Goldman Sachs.

© 2019 AFP