CAC40: earnings are melting at the end of the session, Euro at $ 1,096 /

(CercleFinance.com) – The Paris Stock Exchange (+ 0.1%) has been trading close to equilibrium for the past hour, while mid-day gains (+0.3 to + 0.4%) have faded .

Little hope to see a resurgence by the close in an hour because Wall Street is closed on Monday (the activity is idling).

The Euro-Stoxx50 also sees its lead reduced to a symbolic score, optimism was reinforced in the middle of the morning by the publication of new data 'revised' (final estimate) on manufacturing activity in Europe (indices IMI PMI Markit ): the figures are slightly better than in the original data, especially in the Netherlands and France.

The IPS Markit PMI Buyers' Index of the French Manufacturing Industry picked up from 49.7 in July to 51.1 last month, signaling a slight recovery in sector growth in August as the index moves above 50.

At 47.0, the final IHS Markit manufacturing PMI for the euro area manufacturing industry posted its second lowest level since April 2013, signaling a sharp deterioration in the economy, but it is a little better than the 46, 5 initials.

The manufacturing sector nevertheless remains in negative territory for a seventh consecutive month.

'This new week promises to be particularly interesting,' says an operator. 'We must be aware of the latest employment figures in the United States and the British Parliament will probably decide to counter-attack against the government of Boris Johnson', he adds.

British Prime Minister Boris Johnson has decided to limit parliamentary activity until October, the date of the official exit of the United Kingdom from the European Union.

'The latest developments in the trade war between the United States and China will also be closely followed,' he added.

The past weekend was marked by the introduction of the latest surcharges of Washington and Beijing on Chinese and US imports.

The rebound in markets last week was driven by the hope of a de-escalation of trade tensions between the United States and China and then by statements by Christine Lagarde believing that the ECB still had good margins to lower rates.

Wall Street ended with no real trend on Friday, caution prevailing on the eve of the weekend 'Labor Day'. This means that the New York Stock Exchange will remain closed today.

On the currency front, the Euro continues to push 'low' since May 2017 against the Dollar (1.0960 / E) while the greenback beats a historic record against a basket of international currencies foreground .

On the securities side, Sanofi (+ 1.8%) helped keep the CAC40 afloat, as well as Pernod Ricard (+ 1.9%), which announces the completion, with the closing conditions being satisfied, of the Firestone acquisition. & Robertson Distilling Co, owner of the premium super-premium whiskey brand TX, through Pernod Ricard USA.

Vivendi announces the decision of the Milan Court, which recognizes its right to participate and vote as a shareholder, up to 9.99% of the voting rights, at the extraordinary general meeting of Mediaset on 4 September.

CGG (+ 13%) remains more than ever leader of the SBF-120 after the announcement that its activity in the third quarter of 2019 should exceed $ 350 million, due to strong multi-client sales of around $ 160 million and 'a sustained demand in geoscience and equipment.