Paris (AFP)

The Paris Bourse yielded to optimism Tuesday at midday, trying to evacuate concerns related to the spread of the coronavirus to continue its recovery started the day before.

At 1:00 p.m., the CAC 40 index rose by 75.05 points to 5,907.56 points, in a trading volume of 1.15 billion euros. On Monday, it finished slightly up 0.45%.

After opening in the green, the Parisian rating gradually increased its gains in the morning.

Wall Street was heading for an opening up. The futures contract for the flagship Dow Jones Industrial Average advanced 1.12%, that of the broad S&P 500 index also 1.11% and that of the Nasdaq, with a strong technological coloring, of 1.30%.

After a dark day on Monday, the Shanghai Stock Exchange (+ 1.34%) and the Shenzhen Stock Exchange (+ 1.80%) rebounded on Tuesday.

"The rebound in the Chinese equity markets has influenced investors in Europe. The markets are capitalizing on their earnings yesterday despite the plight of the coronavirus," said David Madden, analyst at CMC Markets.

"The equity markets are resisting for the second day in a row, but they have not yet made up for last week's losses, so investors have not dismissed all of their fears," he added.

The toll of the coronavirus epidemic in China has risen to 425 dead after 64 new deaths announced Tuesday by the government which admitted "shortcomings" in its response to the health crisis.

China is however continuing its drastic containment measures like the municipality of Taizhou and three districts of Hangzhou - seat of the e-commerce giant Alibaba and capital of Zhejiang province - only allow one person per household to go out once every two days to do their shopping. Some 9 million people in total are affected.

In Europe, a first case was detected in Brussels on one of the passengers on the flight who repatriated on Sunday some 250 people, mostly European, from the Chinese city of Wuhan.

Investors will also follow new negotiations between the UK and the European Union on Tuesday about what will happen after the transition around Brexit.

Boris Johnson rejects the alignment claimed by Brussels on EU rules as a price to pay for a "very ambitious" free trade agreement.

- The raw materials sector benefits -

However, they will not have any indicators to put their teeth on.

In terms of values, commodities, particularly exposed to concerns linked to the virus, benefited as much as possible from the rebound in the index.

TechnipFMC jumped 5.49% to 15.85 euros, followed closely by ArcelorMittal (+ 4.75% to 14.03 euros) and Total (+ 2.39% to 44.81 euros).

Orange was penalized (-1.56% to 12.60 euros) by lowering its recommendation to "neutral" by Berenberg.

Atos gained 3.83% to 78.56 euros while the IT group continues its disengagement from the payment services company Worldline (-1.72% to 62.95 euros), with the announced sale of 13.1% of the capital of its former subsidiary, which has just announced its intention to buy Ingenico (-2.03% to 120.75 euros).

Bonduelle was down 1.61% to 21.35 euros, weakened by mixed performances in Europe and a health alert in North America which prompted the group to refine its annual targets at the bottom of the expected range.

Iliad finally appreciated clearly (+ 7.35% to 130.05 euros) taking advantage of an increase in the recommendation of Exane BNP Paribas going from "neutral" to "outperformance", after the success of a capital increase

© 2020 AFP