Paris (AFP)

The Paris Bourse rose slightly on Tuesday at mid-session (+ 0.28%) despite a favorable indicator from China, the market remaining a little intimidated by the rise of the euro and the publication of data on the industry European manufacturer.

Around 1:00 p.m. (11:00 a.m. GMT), the Paris index advanced 16.8 points to 4,964.02 points.

The day before, he had dropped 1.1%.

While millions of children returned to school on Tuesday across Europe, investors were also gradually finding their screens after turning them off in August, however remaining cautious in the midst of the coronavirus pandemic.

It is "under the sign of a market without trend that begins the new stock market month", observes Franklin Pichard, general manager of Kiplink Finance.

The brokers had yet rejoiced at the opening of the Stock Exchange of an indicator on the manufacturing industry in China in August, at its highest level in more than nine years for the second month in a row.

"The solid Chinese economic statistics give hope for a recovery in the form of + V + in the United States and Europe," even responded Milan Cutkovic, analyst for AxiCorp.

- Locomotive -

Seen as the workshop of the world and traditional locomotive of global growth, China presents investors with hopes of a recovery in the global economy, while the pandemic is still raging.

But some elements prevented the Paris Bourse from advancing more clearly.

First, the disappointing figures on the automotive market in August in France, down sharply by 19.8%.

Renault suffered the largest drop on the CAC 40 index (-2.79% to 23.18 euros), and PSA lost 1.22% to 14.20 euros.

Regarding macroeconomic indicators, unemployment rose in July in the euro area, said the European Statistics Office on Tuesday, and inflation in the euro area fell into negative territory in August for the first time since May 2016.

In addition, indicators on the manufacturing industry were rather mixed in the euro zone Tuesday morning.

More deeply, the persistence of a strong euro against the dollar prevents the European indices to go up more positively, estimates Milan Cutkovic.

He recalls that the continent's exporting companies are handicapped by a single currency close to its highest in two years against the dollar.

Tuesday the euro was moving around $ 1.197.

On Wall Street, the Dow Jones index had its best August since 1984 and the S&P 500 index since 1986.

Among the other values ​​of the day in Paris, the energy giant Total (-0.03% to 33.09 euros) announced on Tuesday to join forces with the Australian investment fund Macquarie to develop five offshore wind projects in South Korea, with a total capacity of over two gigawatts (GW).

The Amber fund and the media giant Vivendi (+1.18 to 24.08 euros) announced on Tuesday their intention to appeal to the Paris commercial court following the refusal of the supervisory board of the Lagardère group (-0.06% to 19.86 euros), of which they are the main shareholders, to convene an extraordinary general meeting.

© 2020 AFP