Paris (AFP)

The Paris Bourse ended on the reserve (-0.22%) Thursday because of conflicting signals from the Sino-US trade front, which however did not prevent the French Games to jump 14% for its first day of trading.

The CAC 40 index fell 12.82 points to 5,881.21 points, in a moderate trade volume of 3.3 billion euros. The day before, it ended up slightly down 0.25%.

The Parisian coast opened back before approaching the balance, without tipping into the green.

"Everyone stays a little behind waiting to learn more" about discussions between Beijing and Washington on trade, said AFP Andrea Tueni, an analyst at Saxo Bank.

"As long as we do not really have concrete information on an appointment to be held at this location for the signing of this phase one agreement, we should not have any real relief in the market and stay in this dynamic a little uncertain with erratic movements ", according to him.

"The Chinese would have proposed a meeting with their American counterparts to discuss once again this phase one agreement" and we also had "information that the Americans will postpone the introduction of the new tariffs that were intended to December 15, "detailed Tuéni.

"We have markets that are optimistic but a little more cautious and without taking a blind position," he added.

The atmosphere was cooled Tuesday by statements by the US president promising a further rise in tariffs on Chinese products for lack of agreement. On Wednesday, Donald Trump broke the nail, saying he had not signed it yet because Beijing is not ready "to do (his) share".

The US Congress also passed an overwhelming majority on Wednesday a resolution supporting "human rights and democracy" in Hong Kong against Beijing and threatening to suspend the special economic status granted by Washington to the former British colony. A measure that China has promised to "fight back".

In terms of indicators, growth in manufacturing activity in the Philadelphia region (northeastern United States) picked up a little in November, in line with analysts' expectations, according to the index of local branch of the Federal Reserve (Fed) released Thursday.

For their part, the Governors of the European Central Bank approved in October the measures taken a month earlier to support the economy, which had caused deep divisions, according to the minutes of the last monetary policy meeting, published Thursday.

© 2019 AFP