The Paris Bourse expected in the green, eyes on the trade

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The Paris Bourse is expected to open slightly on Thursday, the day of kickoff of a new session of Franco-Chinese trade negotiations, which focuses most of the attention of investors.

The futures contract on the CAC 40 took 0.17% forty minutes before the opening of the session. The day before, he had finished up 0.78% at 5,499.14 points.

Wall Street also finished in the green, later bustling European markets before it by the hope of a commercial breakthrough.

"The highly commented discussions on US-China trade will begin today." The latest signals from China are positive and have helped the European indices on Wednesday, so "expectations are not very high," said David Madden, an analyst at CMC Markets.

Quoting a Chinese official close to the negotiations, the Bloomberg news agency reported Wednesday that Beijing did not really expect to reach a big deal, but that the Chinese would accept a limited deal if US President Donald Trump waived the additional tariffs that he threatened to implement by the end of the year.

In exchange, Beijing could make some concessions like the large-scale resumption of orders for agricultural products.

This information has given heart to the heart markets yesterday.

Investors, however, do not lose sight of the very complicated divorce between the European Union and the United Kingdom.

"Brexit remains a mystery as always", with many statements "but no progress", he added.

British Prime Minister Boris Johnson meets his Irish counterpart Leo Varadkar on Thursday at a critical juncture as the Brexit talks are still in their final phase on the Irish border issue.

On the indicators side, business failures and industrial production in France in August are expected.

Germany recorded a trade surplus in August, a sharp decline from the previous month, due to a sharp drop in exports.

On the other side of the Atlantic, inflation for September is also on the agenda.

Investors will also analyze the minutes of the last meeting of the European Central Bank.

VALUES TO FOLLOW

LVMH: The world's number-one luxury goods company earned 13.3 billion euros in sales in the third quarter, continuing its growth trajectory in all regions of the world, particularly in Asia "despite a difficult environment in Hong Kong."

OL Groupe: The group has achieved record financial performances for the past year and is sticking to its plans for the new season, despite its calamitous course in the French football championship.

bx / ak / nth



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