The Paris Stock Exchange is expected to continue on Friday its recovery the day before, still driven by the hope of a de-escalation of trade tensions between the United States and China.
Around 8:15, the future contract on the CAC 40 – September delivery – advance of 4.5 points to 5452 points, heralding a continued progress Thursday.
Yesterday, the global stock markets had finished in style which should prove to be one of the best sessions of the month of August.
The renewed investor confidence was motivated by the prospect of a resumption of talks between Washington and Beijing on customs issues.
Wall Street, in particular, had a great opportunity to recover and was quick to grab it. At closing, the Dow Jones posted gains of more than 1.2%.
Markets are, however, accustomed to rallies at the end of the calendar month and stakeholders are obviously wanting to climb and erase the bad memories of early August.
'The general sentiment among the commentators last night was that of one more episode in the serial drama of commercial war, having resulted in a progression in the void, without real substance', tempers Kyle Rodda, market analyst at IG.
'Investors are still waiting for a real turning point, a significant change of direction in the dynamics of the conflict,' he adds.
Still, the Paris market has managed to win 1.5% yesterday, at 5450 points, which allows it to come out of the top of the corridor ranging from 5235 to 5435 points that was in training since August 7 last.
Beyond the next bullish objective of 5455 points, it would be the 5500 points that would arrive quickly in line of sight, according to the technical analysts.
Crossing this threshold would no doubt prove that investor sentiment has changed dramatically for the better.