Paris (AFP)

The Paris Bourse rose Wednesday noon (+ 0.39%), continuing its race to its highest levels in twelve years pending the completion of the Sino-US trade agreement, causing optimism markets the last days.

At 13:49 (12:49 GMT), the CAC 40 index took 22.60 points to 5,869.49 points, after rising to 5,869.56 points, a high since mid-October 2007, in a volume of trade 1.2 billion euros. The day before, he had finished up 0.39%.

The Parisian odds opened steady and hovered around the balance during the morning before taking a little height.

For its part, Wall Street was preparing to start the balance. The Dow Jones Industrial Average index futures contract was 0.11%, the broad-based S & P 500 index 0.09% and the Nasdaq, with strong technological color, 0.09%.

"The Parisian market continues its mini euphoria linked to the advances in the trade talks between the United States and China.For the moment, the profits were limited on the CAC 40 but, compared to the level reached, it is necessary expect a period of consolidation to come, "said Christopher Dembik, head of economic research at Saxo Bank.

"It is likely that the fourth quarter is a good year for the Paris Stock Exchange.Freedom fears have moved away, (...) and, above all, the political risk is clearly in decline," he added.

"The environment is more relaxed in recent weeks, contributing to a form of persistent optimism" thanks in particular to "the belief of a partial phase 1 solution in the trade war between China and the United States" said Franklin Pichard, managing director of Kiplink Finance.

Investor confidence was fueled by hopes of a positive outcome to the trade talks between China and the United States - which could lead to a first partial agreement in November - which has led the Paris index to follow suit the highest in twelve years in recent days.

In terms of indicators, orders to German industry rebounded sharply in September, + 1.3% after a decline of 0.4% in August, while the specter of recession hovers over the country.

In France, activity growth in the services sector accelerated in October, reflecting a larger increase in new business due to foreign demand, according to IHS Markit.

The third quarter productivity index in the United States is also on the agenda.

- Lagardère to the trouble -

In the field of securities, Societe Generale rose 5.64% to 28.49 euros after publishing mixed results in the third quarter, marked by a strengthening of its capital but profits down.

In its wake, BNP Paribas took 2.83% to 50.49 euros and Crédit Agricole 2.36% to 12.35 euros.

ALD, a subsidiary of Societe Generale specializing in fleet management and long-term vehicle leasing, was up 6.56% to 13.64 euros, on confirmation of its annual targets, after seeing its net profit jump 7.9% to 146.1 million euros in the third quarter.

Aperam jumped for its share of 10.18% to 27.07 euros, taking advantage of a gross operating surplus and a net profit above expectations in the third quarter, despite difficult market conditions.

Alstom gained 1.41% to 38.81 euros. The French railway manufacturer published a net profit divided by two for the first half of its exercise offset 2019/20, to 227 million euros, a drop related mainly to a comparison effect.

Lagardère was however sealed (-4.94% to 19.43 euros) by the termination "with immediate effect" of the agency contract passed by the Confederation of African Football (CAF) with Lagardère Sports, a decision that the French group "strongly contests", considering it "illegal".

© 2019 AFP