Paris (AFP)

The Paris Bourse ended a slight decline Monday (-0,16%), breaking with six sessions in a row, cooled by a less favorable news about Sino-US trade negotiations.

The CAC 40 index dropped 9.48 points to 5,929.79 points, in a little trade volume of 2.9 billion euros. Friday, the Paris rating had finished up 0.65%, the highest level since July 2007.

The stock market started at equilibrium before flowing back in the early afternoon.

"The market is recovering with caution, after the records established last week," noted AFP Daniel Larrouturou, equity manager at Dôm Finance.

"Investors have reacted negatively to news reports that the Chinese authorities are pessimistic about a trade deal," he said.

A CNBC reporter, quoting a Chinese government source, said Beijing was more pessimistic about signing an agreement because of US President Donald Trump's refusal to support a lifting of punitive tariffs on Chinese imports.

This information shortly before the opening of Wall Street weighed on the indices raised to very high levels by encouraging words from the White House economic adviser, Larry Kudlow.

And the Parisian coast has not had time to really take advantage of the good news about the Chinese telecom giant Huawei, to which Washington has granted a new 90-day break to allow US companies to continue selling low-tech products to the group.

According to Mr. Larrouturou, "the latest news from Hong Kong where the situation seems to get worse" did not help either.

The ongoing mobilization in the former British colony for over five months has rocked last week into a much more radical and violent phase, which has led to the closure of schools and the police now threaten to use "live ammunition" "facing the" lethal weapons "of the radical protesters - who threw bricks and Molotov cocktails against the police.

However, "we are not in a reversal of the market trend which is still above 5,900 points", also noted the expert of Dôm Finance.

Investors also learned of the Chinese central bank's decision to slightly lower a closely monitored short-term interest rate for the first time since October 2015, a sign of Beijing's commitment to support an economy in full swing. slow-down.

© 2019 AFP