Paris (AFP)

The Paris Bourse closed close to equilibrium (+ 0.08%) and its highs in twelve years Tuesday, despite a macroeconomic indicator deemed mediocre in the United States, but that led investors to bet on future support from the Fed.

The CAC index took 4.76 points to finish at 5,929.62 points, in a high trade volume of 4.8 billion euros. The day before, he had finished up 0.54%.

The Parisian odds opened steady and maintained its neutrality most of the session, although it temporarily accelerated in the afternoon.

The market continues to focus "on the moderately positive phone call for a reconciliation of the deadline for negotiations between the United States and China," said AFP Mikael Jacoby, head of continental Europe brokerage at Oddo BHF Securities.

Chinese and American negotiators spoke on Tuesday morning and agreed to stay in touch in order to reach a "preliminary agreement" in the trade war between the two powers, the China New News Agency reported.

China also issued a directive Sunday calling for stronger sanctions against Chinese companies that violate the law on intellectual property, a crucial point in the trade talks between Beijing and Washington, which fueled optimism on Monday and allowed Walloon Street to reach new records.

Moreover, "we have a context of hope for monetary support from the Fed saw the bad economic news" in the United States, added Mr. Jacoby.

Consumer confidence eased slightly in November across the Atlantic, contrary to analysts' expectations, according to the Conference Board index released on Tuesday.

This disappointing indicator pushed investors to turn to less risky assets such as government bonds, which were easing on Tuesday, without unduly penalizing the equity markets, which remained supported by the anticipation of support. the US central bank if the economic downturn continued in the United States.

New home sales in the United States also fell in October, although they were up sharply year-on-year, according to the Commerce Department.

On the side of European indicators, the mood of German consumers is expected to rise slightly in December after reaching its lowest level in three years in November, according to the GfK barometer.

© 2019 AFP