Paris (AFP)

The Paris Bourse fell a bit from its peaks (-0.39%) on Tuesday, due to the lack of new catalysts to continue fueling its recent surge above 6,000 points, investors also missing details on the future trade agreement Chinese-American.

The CAC 40 index lost 23.4 points to 5,968.26 points, in a significant trade volume of 4.2 billion euros. The day before, he had finished at an unprecedented level since July 23, 2007, at 5,991.66 points (+ 1.23%).

The Parisian odds opened to break even before losing some ground.

"We are coming to the end of the year, we crossed the 6,000 point mark yesterday on the CAC 40 and today, we really have to find arguments to go higher," stressed to AFP Andrea Tuéni, a Saxo Bank analyst.

"It is logical that on current levels, there is no greater craze than that," he added, as the CAC 40 is preparing to end the year on a progression of more than 25%.

"There is a questioning on the part of investors to know what will be the catalysts to justify going further," summed up Mr. Tuéni.

Especially since about the Sino-American trade agreement announced on Friday, "there is nothing concrete yet, we are a little bit vague, we do not have all the details of the agreement nor of date of signature and we are not safe from having a reversal on this file ", he estimated.

"However, the news that we have in parallel does not allow to get the upper hand on this commercial file and to really pull the market up," according to him.

Caution was also fueled by concerns over Brexit after the British Prime Minister said he wanted to ban any extension beyond 2020 of the transition period after the UK left the European Union on 31 January, even without a commercial agreement with Brussels by this deadline.

For its part, the European Union has indicated that it would do "the maximum" to conclude a post-Brexit trade agreement with the United Kingdom by the end of 2020, assured Tuesday the European negotiator Michel Barnier, without commenting on the possibility of successfully concluding such an agreement within the time allowed.

In economic terms, industrial production in the United States increased more than expected in November, as did housing starts. Building permits for their part reached a new high since May 2007.

© 2019 AFP