The star CAC 40 index took 27.27 points to 6,375.04 points around 9:20 a.m., with in particular a jump from Engie after its results.

The day before, the index had fallen by 0.23%.

After several bad economic indicators on Monday, in China, the United States and the euro zone, investors are starting to hope for good news again.

Shanghai said on Tuesday that it had reached "zero-Covid" in all its districts, which means that none of the 1,000 contaminations recorded on Tuesday took place outside quarantined places.

The city has been subject to harsh sanitary measures since the beginning of April, and millions of people still cannot leave their neighborhoods.

But the hope of an easing of the measures, although the horizon remains distant, gives a little optimism to the markets.

"The worst-case scenario", such as the recession, "may not happen. But it will take some time before the market positions itself again for purchase", qualified analysts at Saxo Bank.

The markets paid little attention to the appointment of Elisabeth Borne as head of the French government on Monday evening.

In France, the unemployment rate remained almost stable in the first quarter of 2022 at 7.3% of the working population, its lowest level since 2008, according to figures published Tuesday by INSEE.

In the UK, for the three months to March, the unemployment rate fell to 3.7%, from 3.8% at the end of February, falling to the lowest since 1974 and below its level reached just before the Covid pandemic -19, the Office for National Statistics (ONS) said on Tuesday.

Engie soars with energy prices

The Engie share jumped 5.67% to 12.29 euros, after the upward revision of the group's annual financial forecasts on Tuesday, during the publication of the results for the first quarter in a context of soaring energy prices. .

Engie now expects recurring net income for 2022 of between 3.8 and 4.4 billion euros, against 3.1 to 3.3 billion previously.

Renault boosted by Di Meo's visit to Japan

After the first face-to-face meeting of the Renault-Nissan-Mitsubishi Motors Alliance on Tuesday, the Renault title jumped 3.20% to 24.35 euros, dragging in its wake that of Stellantis (+ 1.11% to 13.82 euros).

"The door will always be open to Nissan" to invest in Renault's electric division, which could become a separate entity or even eventually join it, said the French carmaker's managing director, Luca de Meo.

© 2022 AFP