Hope on trade carries shares, Publicis plunges

The first talks between US and Chinese representatives have "gone very well," said Donald Trump on Thursday after the first of two days of talks in Washington, the first high-level meeting since July on this hot issue that weighs on the world markets for a year and a half.
In Paris, the CAC 40 index takes 0.34% at 5,588.19 points around 07:30 GMT. In Frankfurt, the Dax gained 1.03%.
In London, the FTSE yields 0.54%, a jump in the pound sterling after renewed hope on the Brexit front weighing on its export values.
The EuroStoxx 50 index of the euro zone advances by 0.58%, the FTSEurofirst 300 by 0.33% and the Stoxx 600 by 0.66%.
Equity markets climbed all over Thursday, edging upward after the US president announced he would receive Chinese Vice Premier Liu He on Friday at the White House.
China remains under threat of a 30% increase in US tariffs on some 250 billion products imported into the United States as of October 15.
The opposition between the world's two largest economies, which goes beyond trade, is not expected to end this week, but the scenario of the worst should be avoided, according to Philippe Müller, head of investment themes at UBS Wealth Management.
A temporary trade deal would bring relief to the markets and stabilize the economy, but it would not solve the underlying problem, "he told Reuters." There may be a partial solution, but the major debates will stay. "

VALUES TO FOLLOW:
The biggest drop in the first trade in Europe is for Publicis, which loses 11.67%, to a low of more than seven years, having warned Thursday on its organic growth target 2019, which has led to degradations of the part of several intermediaries.
In its wake, rival WPP loses 4.36% in London.
On the rise, German SAP jumped more than 8% after the announcement of the resignation of its CEO, Bill McDermott.
The entire technology sector, supported by hope for trade, benefits. Its Stoxx index takes 2.83%, the biggest sectoral increase in Europe.
On the upside also, Renault takes 1.93% while its board of directors must decide on the future of its general manager, Thierry Bolloré.

IN ASIA
The Tokyo Stock Exchange took 1.15%, a decline in the yen against the dollar supporting its export values.
The MSCI index, which includes Asian and Pacific stocks (excluding Japan), rose by 1.2%.

A WALL STREET
The New York Stock Exchange ended Thursday on the rise, investors betting on a form of agreement that should support stocks, at least in the short term.
The Dow Jones index gained 150.66 points, or 0.57%, to 26,496.67, while the broader S & P-500 advanced 18.87 points, or 0.65%, to 2,938, 27.
The Nasdaq Composite rose 47.04 points, or 0.6%, to 7,950.78.
The Apple stock finished up 1.34% to 230.09 dollars, driven by a rise in recommendation that benefited the entire technology sector.

RATE
The renewed appetite for risk weighed on the bond market on Thursday and pushed up yields on government bonds. They are still progressing a little on Friday, around 1.659% for 10-year Treasuries and -0.476% for the German Bund of the same maturity.

EXCHANGE
The greenback weakens slightly against a reference basket and the euro takes the opportunity to go over $ 1.10.
The yen, which loses its value as a safe haven on expectations of a trade agreement between the United States and China, is trading at 108 yen to the dollar, the lowest since October 1.

OIL
The two crude reference contracts take around 2%, backed by statements by the general secretary of OPEC suggesting a further decrease in production to support prices.
They increased their gains after the announcement of missile attacks against an Iranian oil tanker off the Saudi port of Jeddah, according to the Iranian national oil company (NIOC), owner of the ship.
North Sea Brent trades around $ 60.36 per barrel and US light crude (WTI) around $ 54.60.

(Edited by Jean-Michel Belot)
by Patrick Vignal