The Paris Bourse continued to camp on its positions (+ 0.08%) Tuesday, being wary of any initiative before knowing the details of the Sino-American trade agreement expected on Wednesday and digesting the first results of companies overseas Atlantic.
The CAC 40 index gained 4.75 points to 6.040.89 points, in a moderate trade volume of 3.6 billion euros. The day before, it had finished in equilibrium (-0.02%).
The market “is clearly on hold” with “on the one hand the reluctance to finalize the” trade agreement between the United States and China “which should take place tomorrow” and “on the other hand, we are starting also to have the American quarterly results that fall, “summed up to AFP Mikael Jacoby, head of continental Europe brokerage at Oddo BHF Securities.
The leading American bank by assets, JPMorgan recorded a record net profit of $ 36.43 billion in 2019 while Citigroup posted an annual net profit of $ 19.4 billion.
Delta Air Lines, for its part, far exceeded expectations in the last quarter of 2019.
On Wednesday, it will be the turn of Bank of America and Goldman Sachs to unveil their results, before Morgan Stanley on Thursday.
Thus, the flagship index of the Paris Stock Exchange clung to equilibrium Tuesday, while “defending its end of the year (2019) levels with a sword of Damocles from the first section of the Sino-American negotiations that will be lifted, “said Jacoby.
In addition, the markets are counting “on a growth scenario, although a little soft, in Europe”, he added.
As for indicators, monthly inflation in the United States was in line with expectations in December, at + 0.2%, after rising 0.3% in November, according to the CPI index published on Tuesday by the Department of Job.
In terms of values, Capgemini took the lead in the CAC 40 (+ 2.10% to 114.25 euros) while the Altran Technologies listing was suspended at the request of the AMF after the first announced on Tuesday the increase to 14.50 euros per share, against 14 euros previously, the price he offers to buy the second.
Prudence has benefited the defensive stocks, the least sensitive to the economic situation, like Pernod Ricard, which allocated 1.78% to 165.70 euros.
Vivendi fell 1.56% to 25.30 euros, ballasted by a lower recommendation. The media giant has also filed a new complaint in the Netherlands against the European holding project led by the Italian group Mediaset.
Danone also suffered (-1.19% to 71.40 euros) from a lower recommendation. Conversely, Vinci benefited (+ 0.66% to 100.40 euros) from an increase.