Paris (AFP)
The Paris Bourse rose 0.45% at mid-session Tuesday, well oriented by some positive signals from China and Germany.
The CAC 40 index gained 22.58 points to 5,074.46 points at 1:15 p.m. (11:15 GMT).
On Monday, it had risen 0.35%.
The Parisian rating has been carried since the opening by the confirmation of the recovery in China.
Retail sales rose year on year in August, for the first time since the start of the Covid-19 epidemic.
Production, for its part, continued to grow at a solid pace, 5.6% over one year in August.
This favorable trend was slightly reinforced by the level not reached since 2000 in German investor morale.
This indicator, particularly unstable, jumped in September much more than expected by analysts.
"The market has already taken into account a lot of good news, it is important that the economic data confirm it," said Milan Cutkovic, analyst AxiCorp.
This trend ran through all European places.
Frankfurt was up 0.17% and the London Stock Exchange 0.87%.
The latter was also supported by the jump in sales at the online distributor Ocado (+ 5.44% to 2,483 pence).
In the United States, Monday's rebound was confirmed in futures contracts.
The Nasdaq was up 0.96% and the Dow Jones 0.74%.
However, caution remained in order among investors, who are watching with apprehension the restrictive measures promulgated in various regions of Europe to deal with the resurgence of Covid-19.
Besides the virus, "the risks are numerous in this return" notes for his part Christopher Dembik, head of macroeconomic research at Saxo Bank.
He quotes in particular "the American presidential election, a potential air hole in terms of growth, Brexit".
In addition, investors will closely follow the start of the US Federal Reserve (Fed) monetary policy meeting, which ends on Wednesday.
PSA-FIAT CHRYSLER WEDDING ADJUSTMENTS WELCOME THE STOCK MARKET
The price of the automotive group PSA has been volatile all morning, which it concluded with a net increase of 3.83% to 16.82 euros.
On Monday, adjustment measures on the marriage with the Fiat Chrysler group were published to take into account the impacts of the Covid-19 pandemic.
Fiat Chrysler, listed in Milan, jumped 9.19% to 10.90 euros.
Conversely, Faurecia, which Peugeot now plans to allocate the capital it holds to all shareholders of the new group, fell 6.12% to 39.90 euros.
LUXURY BENEFITS FROM CHINESE FIGURES
The publication showing a recovery in consumption in China benefited luxury stocks, which depend on this market.
Hermès gained 2.05% to 755 euros, LVMH 1.09% to 424.85 euros and Kering 1.80% to 587.80 euros.
FNAC-DARTY FORECASTS WELCOMED
The CEO of the Fnac Darty group, Enrique Martinez said he "hoped" for 2020 sales "not too far" from that experienced by the group in 2019. The stock climbed 7.71% to 37.70 euros.
© 2020 AFP