How Trump and LVMH have allowed the Cac 40 to settle comfortably above 5,500 points, Market News


A little tweet and then jumped. While the Cac 40 in a margin of less than 50 points, the Paris index accelerated in the middle of the afternoon to finally close up 1.27%, to 5,569.05 points, in a volume of transactions of 3.7 billion euros. " Great day of negotiations with China. They want to find an agreement, and me? I meet the Deputy Prime Minister tomorrow at the White House The White House tenant chirped.

On Wednesday, he said that there was a good chance the two countries would reach a trade deal, adding: " AT in my opinion, China wants an agreement even more than I want ". These statements have found a favorable echo on the stock market, where operators are tossed with contradictory information. Thus, the Bloomberg news agency said yesterday that China remained willing to a partial agreement, despite the decision of the Trump administration to add names to its list of blacklisted Chinese companies. A few hours later, the South China Morning Post wrote that the lower-level meetings to prepare for Thursday's high-level meeting had no progress Especially on critical issues, saying that Prime Minister Liu He could leave Washington on Friday. Obviously, the meeting is maintained … The next few hours will be crucial and any statement will not fail to make investors react.

The market zaps the Fed

The latter, obsessed with the commercial question, have completely forgotten the minutes of the US Federal Reserve (Fed). The document, published Wednesday, indicates, without much surprise, that members of the monetary institution have mainly supported the principle of the last rate cut of 25 basis points but they remain divided on the strategy to adopt in the coming months . They are also more worried about the outlook for the US economy, due in part to the trade war.

In the United Kingdom, British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar have way to a possible agreement On the thorny issue of the Irish border. Sterling took the opportunity to regain 0.9% against the dollar.

Great show for the world's No. 1 luxury

On the values ​​front, LVMH distinguished himself. The title of the world leader in luxury has won 5.56% to 376.85 euros. The group reported better-than-expected sales in the third quarter, despite the Hong Kong crisis and trade tensions. His performance supports his parent company Christian Dior stock market (+ 4.07%) and its rival kering (+ 4.2%).

Photo credits: FactSet

For its part, Saint Gobain(+ 4.15%) benefited from a rating from Morgan Stanley, which raised its opinion on the title of "online weighting" to "overweight".

Finally, note that Renault (+ 0.59%) announced that the board of directors, originally scheduled for October 18, will meet Friday " in order to decide on the governance of the group ". Le Figaro reported Wednesday, that President Jean-Dominique Senard seeks to dismiss the Director General Thierry Bolloré, last representative of the era Ghosn.

C. P.

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