Paris (AFP)

The Paris Bourse continued its inexorable rise (+ 0.44%) on Tuesday crossing the 5,900 points mark, pending new announcements from Donald Trump on trade, the markets are still optimistic about a future resolution of the conflict. Chinese-American.

The CAC 40 index gained 25.93 points to 5,919.75 points, a new high close since July 23, 2007, in an average trade volume of 3 billion euros. Monday, he had ended up very slightly (+ 0.07%).

Since October 2, the CAC 40 has taken more than 9%.

"We remain on the market momentum in a rather incredible uptrend, which justifies this increase is the support of central banks and the hope of a Sino-US trade agreement to move on," said Andrea Tuéni, an analyst at Saxo Bank who warns against the risk of a "backlash" after such an agreement if it takes place.

"The 6,000 points are at hand, I would not say it's impossible when we see the performance we have seen in just a month," he adds, interviewed by AFP.

On Tuesday, investors did not have much to chew on and were especially excited by their hopes before Donald Trump's speech to the New York Economic Club later that evening.

It should mention the status of the progress of trade negotiations with China but also a postponement of its decision to tax cars imported from the EU, commercial.

On the indicators side, Tuesday, the morale of German investors rose sharply in November, accompanying the recent signs of warming in Sino-US trade relations, according to the barometer released Tuesday by the ZEW Institute.

"This indicator came out above expectations, it is an encouraging factor knowing that the latest macroeconomic publications were not very good," says Tuéni.

French economic growth is expected to reach 0.2% in the fourth quarter, a level slightly below the rate of 0.3% per quarter observed since the beginning of the year, according to a first estimate unveiled Tuesday.

In the United Kingdom, the unemployment rate fell to 3.8%, the lowest in 45 years, over the three months ended at the end of September, against 3.9% at the end of August, illustrating the resilience of the UK labor market. despite the Brexit disturbances.

© 2019 AFP