Paris (AFP)

The Paris Bourse closed up 0.45% Monday, investors relying on statements deemed reassuring in the file of trade relations between the United States and China.

The CAC 40 index gained 24.15 points to finish at 5,351.02 points, in a trade volume low of 2 billion euros. Friday, he had ended a sharp decline of 1.14%.

After opening on a small withdrawal, the Parisian coast began to climb the slope, however, faltering a bit at the time of the final press conference of the G7 summit in Biarritz.

"Donald Trump said that there were telephone exchanges between US and Chinese commercial teams.This was not confirmed but it was enough for the market to go up," summarizes Alexandre Baradez, IG France.

The US president announced that he has received two calls from the Chinese side for the continuation of bipartite trade consultations.

Chinese Foreign Ministry spokesman Geng Shuang said he was unaware of the conversation Trump was talking about during a press briefing.

However, China's chief negotiator, Liu He, assured that Beijing was ready to "calmly resolve the problem through consultations and cooperation."

Just before the close of European markets on Monday, the US president estimated that Beijing had "no choice" and had to yield to US pressure in the trade war between the United States and China.

"The biggest market movements in recent months are on the back and forth between the United States and China, a positive blow and a negative blow," says Baradez.

As evidence, Friday, the markets have won the escalation of tensions between Washington and Beijing while Monday's session was positive and dynamic.

However, "it is hard to see how after the announcement on Friday the relations will relax at once", especially since there is currently "no concrete sign" of an upcoming meeting, the expert is wary.

No date has been set for this contact recovery. During their last negotiation in Shanghai in late July, the two parties had agreed to meet again in September in the United States, without further details.

In addition, "the macroeconomic context does not plead for a sustained upward movement," said Baradez, which came to confirm the German barometer ifo released Monday.

The morale of German entrepreneurs continued to fall in August to reach its lowest level since November 2012 against a backdrop of economic slowdown and trade war.

The Bundesbank warned last week that the German economy could enter a recession in the third quarter as a result of a "sharp contraction" in industrial production.

In addition, it is still several weeks before the meetings of the US and European central banks around mid-September.

© 2019 AFP