Paris (AFP)

The Paris Bourse was up 0.32% Wednesday at the end of a roller coaster morning, on the eve of a summit of central bank leaders during which a speech by the president of the Fed is eagerly awaited.

At around 1:00 p.m. (11:00 a.m. GMT), the CAC 40 index advanced by 16.01 points to 5,024.28 points. The European market was evolving in dispersed order.

"The European markets lack a clear line, it is probably related to the fact that brokers are awaiting the Jackson Hole symposium" Thursday, thinks David Madden, market analyst for CMC Markets UK.

During this traditional annual meeting of central bankers, the boss of the American central bank (Fed) Jerome Powell will deliver a speech that will be very followed by investors.

He should bring "a clarification" according to John Plassard, investment specialist for Mirabaud Securities, after the publication of a report of the last monetary meeting which left market players wary last week.

The latest Fed meeting left "the door open for further monetary intervention. However, by the time the Fed minutes were released, the tone had changed somewhat, with Fed members no longer appearing to be as keen on initiating further easing. quantitative, ”he explains.

The same caution on the part of investors explained the stagnation of the Tokyo and Hong Kong stock markets on Wednesday, and the sharp decline in mainland Chinese markets.

Among the indicators on Wednesday, consumer sentiment stabilized in France in August after falling in July, reported Insee.

The number of business start-ups rose again in July, after their sharp rise in May and June.

Also in France, the economic recovery plan, which was to be initially unveiled last Tuesday, will be presented on Thursday, September 3, said Prime Minister Jean Castex, who fears that the economic and social crisis "is more dangerous" than the sanitary.

Among the values ​​of the day in Paris, Eiffage (+ 0.79% to 81.98 euros) announced on Tuesday that it had won with the groups BESIX and In Advance the construction of the new headquarters of RTBF, a public service media located near Brussels , for an amount of nearly 100 million euros.

Free (Iliad group) advanced 0.87% to 173.00 euros. Mediapro has concluded a distribution agreement for its Téléfoot channel with the operator, after having already signed with SFR (a subsidiary of Altice), Netflix and Bouygues, the two parties announced on Wednesday.

© 2020 AFP