(BFM Stock Exchange) – The Paris Stock Exchange addresses this new month on the right foot, supported by American employment figures deemed reassuring and the prospect of warming relations between Beijing and Washington on customs duties. The CAC 40 rebounds more than 2.3%, at the end of this Friday, May 2.

The May 1 break was very beneficial on the Paris Stock Exchange, which had concluded the month of April with a monthly drop of just over 2.5%. The CAC 40 begins the month of May on a very good note, and bounces 2.33% to finish its race at 7,700.48 points at the end of this session of Friday May 2.

Several news favored this return of the Parisian star index near its levels prior to the announcement of customs duties by Donald Trump on April 2.

Reassuring employment figures

The official American employment report has proven to be reassuring. The American economy created 177,000 jobs in April, which is higher than the consensus of 138,000, expected positions but it is less than the 185,000 in revised data in March. The unemployment rate for its part remained stable at 4.2% last month.

“The employment report is pretty good but it should end up deteriorating because the deletions of DOGE positions (the Department of Government Efficiency) are not yet taken into account and because the positive dynamics of job creations in transport and storage, probably linked to the strong but temporary increase in imports, should dry up,” warns Bastien Drut, responsible for strategy and economic studies.

“The American economy created 177,000 jobs in April, but surveys with companies and consumers suggest that customs prices and the uncertainty of trade policy derive feeling [économique]it is very likely that a slowdown in economic activity is reflected in a lower job market during the summer, “abound on their side of Ing economists.

The flagship index of the Parisian square was already carried by anticipations of warming Sino-American relations, with the hope that Beijing and Washington meet around a table to negotiate and reach an agreement on customs duties.

“Market optimism continues after the Chinese Ministry of Commerce said it was asking for trade negotiations with the United States. The ministry said that this decision is relevant when the United States has recently sent messages to China through opposing parties’ and urged Washington to show ‘sincerity’ with regard to China,” said Deutsche Bank.

Throughout this truncated week, the CAC 40 wins 3.11%, chaining a third in the green.

Airbus in sight, sanctioned teleperformance

Listed Business Results, Airbus resumed 5.3% after delivering quarterly results superior to expectations

At the end of the charts, TelPerformance which dropped 7.3%, penalized by fears about its specialized service activity.

In other markets, the euro takes 0.3% against the dollar at 1.1328 dollars. Oil is retreating. The July Brent of the Northern Brents contract cedes 1.08% to 61.46 Dollars per barrel while that of June on the WTI listed in New York, lost 1.35% to 58.44 dollars.