POINT MARKETS-Europe ends up, driven by hopes of recovery

        * The Stoxx 600 gained 1.14% and the CAC 40 gained 1.34%
    * Evolution of the rate policy in China, stimulus plan evoked in Germany
    * Washington extends reprieve for Huawei
    * Bond yields continue to recover

    by Laetitia Volga
    PARIS, August 19 (Reuters) - European stock markets ended sharply Monday and Wall
Street was progressing towards the mid-session, prospects for new measures of
support for the economy in China and Germany reassured investors.
    In Paris, the CAC 40 finished with a gain of 1.34% at 5,371.56 points. Footsie
British took 1.02% and the German Dax gained 1.32%.
    The EuroStoxx 50 index advanced by 1.2%, the FTSEurofirst 300 by 1.08% and
the Stoxx 600 of 1.14%.
    China's announcement of a major interest rate reform has strengthened
anticipations of lowering the cost of business credit, partly alleviating the fears of a
marked slowdown in the world economy.
    Moreover, the German Finance Minister said on Sunday that Germany had
the budgetary resources needed to cope with an economic crisis.
This announcement follows an article published on Friday saying that Berlin could give up its
balanced budget policy in the event of a recession.
    However, the contraction of the German economy could have continued during the summer with
the decline in industrial production, noted the Bundesbank, the national central bank,
suggesting that Europe's largest economy was in recession.
    Another factor supporting the market, Washington extended Monday the exemptions granted to the
Chinese telecoms giant Huawei, allowing him to do business with the
US companies, said the US Secretary of Commerce who has however announced
the addition of 46 of its subsidiaries on a blacklist.
        
    VALUES
    The hope for new stimulus measures in China and Germany benefits first and foremost
sectors most exposed to the Chinese market and trade tensions.
    The Stoxx index of raw materials took 2.23% and the oil and
2.12% gas.
    In Paris, TechnipFMC (4.29%) signed the largest increase in the CAC, followed by
ArcelorMittal (+ 3.62%) and STMicroelectronics (+ 3.00%).
    Valeo lost -1.22%, the largest decline in the SBF 120, due to a
degradation of Goldman Sachs, passed on the sale on the value.
    Osram yielded -1.28% at the Frankfurt Stock Exchange after the German trade union IG
Metall reaffirmed its rejection of the proposed acquisition of the German lighting specialist by the
Austrian manufacturer of AMS sensors.
    At the head of Stoxx, brewer Greene King has won 50.98% after the announcement of his
buyout by a branch of CK Asset Holdings, founded by Li Ka-shing, the most
rich of Hong Kong, in the context of an operation valuing the chain of pubs to 2.7 billion
of books.
    
    A WALL STREET
    At the time of closing in Europe, the New York Stock Exchange continued its recovery after a
troubled week, investors have recovered their appetite for risk thanks to hopes
economic recovery and the rise in bond yields.
    The Dow Jones index gained 1.02%, the S & P-500 gained 1.23% and the Nasdaq
Composite was up 1.49%.
    The semiconductor groups took advantage of the suspension granted to Huawei: Nvidia,
Micron Technology, Qualcomm, Advanced Micro Devices and Intel
winner between 5.91% and 1.46%.
    At the top of the Dow Jones, the title Apple posted a gain of 2.53%.
    Estée Lauder soared 10.31% after the US group of beauty products
announced quarterly results and expectations ahead of expectations, soothing
fears of a slowdown of its activities in China due to trade war and
troubles in Hong Kong.
        
    EXCHANGE
    In the field of exchange, the movements stabilize. The euro moves up slightly
against the dollar (1,1094), after going into trading until 1,1113, supported by the return of
appetite for risky assets.
    The dollar index, which measures the fluctuations of the greenback against a basket of
currencies, varies little (0.08%) but the greenback is gaining ground against the yen
 and the Swiss franc.

    RATE
    Expectations of stimulus measures in major world economies boost recovery
government bond yields.
    That of 10-year-old German paper gained three basis points to -0.651%,
moving away from the record low reached Friday at -0.727%. His French equivalent ended around
of -0.3665%, gaining him four base points.
    In the United States, 10-year Treasuries are up four percentage points
1.586%.

    OIL
    Oil prices rise as a result of oil facility attack
Saudi by drones of Yemeni rebels Houthis.
    The barrel of Brent wins 1.04% to 59.25 dollars and that of light crude American (West
Texas Intermediate, WTI) is $ 55.6.
    
    INDICATORS OF THE DAY
    On the indicators side, the market has learned that inflation in the euro area has slowed
more than expected in July, according to final data published by Eurostat.

    FOLLOW Tuesday:
        
    MARKET SITUATION
    (Some data may show a slight shift)
    
                                                                                      
  CLOSURE IN EUROPE
 Indices Last Var. Points Var. % YTD
 Eurofirst 300 1471.93 +15.79 + 1.08% + 10.56%
 Eurostoxx 50 3369.19 + 40.11 + 1.20% + 12.25%
                                                                           
 CAC 40 5371.56 +70.77 + 1.34% + 13.55%
 Dax 30 11715.37 + 152.63 + 1.32% + 10.95%
 FTSE 7189.65 +72.50 + 1.02% + 6.86%
 SMI 9825.59 +97.20 + 1.00% + 16.56%
                                                                                      
  Values ​​to follow in Paris and Europe:
                                                                           
                                                                                      
  THE TREND IN WALL
 STREET
 Indices Last Var. Points Var. % YTD
 Dow Jones 26136.71 +250.70 + 0.97% + 12.04%
 S & P-500 2923.45 + 34.77 + 1.20% + 16.62%
 Nasdaq 8016.66 +120.66 + 1.53% + 20.82%
 Nasdaq 100 7732.03 + 127.92 + 1.68% + 22.15%
                                                                                      
  Minutes of the session on Wall Street:
                                                                           
 "The Day Ahead" - Update on the next session in Wall
 Street
                                                                                      
  EXCHANGE
                         Course Veille Var.% YTD
 Euro / Dlr 1,1095 1,1089 + 0,05% -3,26%
 Dlr / Yen 106.49 106.36 + 0.12% -3.42%
 Euro / Yen 118.17 117.96 + 0.18% -6.38%
 Dlr / CHF 0.9806 0.9782 + 0.25% -0.08%
 Euro / CHF 1.0882 1.0848 + 0.31% -3.31%
 Stg / Dlr 1.2140 1.2149 -0.07% -4.84%
 Index $ 98,2170 98,1420 + 0.08% + 2.13%
                                                                                      
 GOLD
                         Course Watch Var. % YTD
 Gold Spot 1502.10 1513.75 -0.77% + 17.10%
                                                                                      
  RATE
                                      Last Var. Spread / Bund
                                                                  (Pts)
                                                                                      
 Future Bund 178.24 -0.36
 Bund 10 years -0.65 -0.00
                                                                           
 Bund 2 years -0.89 +0.00
 OAT 10 years -0.37 -0.00 +28.35
 Treasury 10 years 1,59 +0.05
                                                                           
 Treasury 2 years 1,53 +0.05
                                                                           
                                                                                      
  OIL
                         Previous Course Var Var.% YTD
 Gross US $ 55.73 54.87 +0.86 + 1.57% + 21.65%
 Brent 59.35 58.64 +0.71 + 1.21% + 9.60%
                                                                                      
 
 (Edited by Benoît Van Overstraeten)