Paris (AFP)

The Paris Bourse continued its rise on Wednesday, gaining 0.50% in the continuity of an already epic November, between the American election and very encouraging news on the front of a vaccine against the Covid-19.

The flagship CAC 40 index gained 27.67 points to 5,510.67 points around 1:20 p.m. (12:20 GMT) and nearly 20% over the month of November.

Its European neighbors were following a similar path, with Frankfurt taking 0.32%, London 0.29% and Milan 0.64%, while futures contracts on Wall Street pointed to a moderate rise on the three major US indices.

After a lower opening, the Paris index gradually regained control, and advanced even more vigorously after the announcement at mid-session of the 95% efficacy of the vaccine developed by the Pfizer and BioNTech laboratories.

A first announcement last week from the same two companies sent global stock markets soaring, which also benefited from a similar announcement from the Moderna laboratory earlier this week.

Despite all these very encouraging announcements, investors are divided on the strategy to adopt after such stock market increases.

Some "reduce their exposure to riskier assets and diversify their portfolio with other instruments such as Treasury bills and crypto markets", stress analysts at ActivTrades.

Because the time has also come to quantify the economic consequences of the second pandemic wave and to re-containment across the world, made difficult by the fact that the end of the restrictions is difficult to identify.

"In some European countries the case fatality rate is falling but it is still high compared to the summer figures," said David Madden, analyst at CMC Markets UK, adding that "brokers do not know which path to choose" between optimism and pessimism.

France exceeded the bar of two million confirmed cases of Covid-19 on Tuesday since the start of the epidemic, said the Director General of Health Jérôme Salomon on Tuesday.

In the ambient economic slump, the pace of business creations slowed in October with a small increase of 0.4% over one month, after an increase of 2.2% in September, according to an indicator released Wednesday by Insee .

At the European level, more than 15 million cases have been identified since the arrival of the virus on the continent in early 2020, according to a count made by AFP on Tuesday at 6.15 p.m. GMT.

The spread of the virus, however, seems to be stalling in most European countries: around 265,000 new daily cases on average have been recorded there over the last seven days, a drop of 9% compared to the previous week.

FEATURED AUTO

The European car market fell again in October following the reconfinement of several nations, according to figures released by manufacturers on Wednesday.

PSA (Peugeot-Citroën-Opel, + 0.32% to 19.04 euros) saw its sales fall by 6.6% and RENAULT (+ 1.85% to 30.82 euros) increased (+0.2 %).

On the German side, dispersion is required: DAIMLER gains 1.61% to 55.42 euros, VOLKSWAGEN is down 0.10% to 153.52 euros, BMW takes 0.63% to 73.31 euros, and CONTINENTAL drops 0 , 81% to 110.60 euros.

The government has announced aid to replace aging trucks and support companies in the sector in the electric transition at the same time as wanting to extend until 2025 the subsidies encouraging individuals to buy an electric vehicle.

SUCCESSFUL LAUNCH FOR UBISOFT

The French video game publisher (+ 4.56% to 83.04 euros) welcomed Tuesday the recent launch of its game Assassin's Creed Valhalla, representing the best commercial start week for a game in the history of the 'business.

© 2020 AFP