* The Stoxx 600 index gained 0.52%, the CAC 40 in Paris 0.42%
    * Record on Wall Street on Tuesday, up 1.33% in Tokyo
    * Signs of progress on recovery in the US
    * The  British government raises the possibility of a compromise with the EU

PARIS, Dec 9 (Reuters) - Europe's main stock exchanges are moving
up at the beginning of the session on Wednesday, in the wake of Wall Street and Tokyo,
thanks to renewed optimism about COVID-19 vaccines, the recovery in
United States and Brexit. 
    In Paris, the CAC 40 gained 0.42% to 5,584.16 points around 09:10 GMT
after stumbling on the threshold of 5,600. In London, the FTSE 100 takes
0.79% and in Frankfurt, the Dax advanced by 0.97%. 
    The EuroStoxx 50 index is up 0.62%, the FTSEurofirst
300 by 0.64% and the Stoxx 600 by 0.52%, the highest since the
27 February.
    While the first part of Tuesday's session was dominated by a
renewed uncertainty, new publications on
coronavirus of Pfizer-BioNTech and AstraZeneca have allowed investors to
regain confidence and lift Wall Street to unprecedented levels.
    The movement also benefits from the presentation by the Trump administration
a proposed $916 billion ($756) economic stimulus package
billion euros), even if the differences between Republicans and Democrats on
the subject remains important.
    Investors also welcomed the Minister of State's remarks.
British Michael Gove on the possibility of a compromise between London and
Brussels on the fisheries issue, one of the stumbling blocks of the
ongoing discussions, prior to the meeting presented as crucial between the
Prime Minister Boris Johnson and Ursula von der Leyen, the President of the
European Commission, scheduled for the end of the day.
    
SECURITIES 
    The rebound in equities benefits almost all major sectors of the
European rating. Among the most sustained sectoral gains of the beginning
Of session, the Stoxx index of the automobile increased by 1.52%, that of the
oil and gas by 1.39%, that of banks by 1.1%.
    In Paris, in the leading group of the CAC 40, Renault takes 3.77%,
Societe Generale 1.87% and Total 1.75%.
    In Milan, the bank BPER gains 3.73% after a press article
according to which UniCredit (+2.60%) could consider a merger between
both groups once a new managing director has been appointed. 
    On the downside, STMicroelectronics falls 10.8% after pushing back
of one year its main medium-term revenue target.
The Franco-Italian semiconductor group is leading the
high-tech, which gives up 0.76%.
    
IN ASIA 
    On the Tokyo Stock Exchange, the Nikkei index ended up 1.33%
and recorded its best closing since April 1991, taking advantage of the good
news on vaccines and recovery in the United States, but also good news
figures for industrial equipment orders in Japan.
    In China, on the other hand, the decline prevailed against a backdrop of renewed tension
diplomatic with the United States and after the announcement of a fall in prices at the
Consumption in November: Shanghai's SSE Composite lost 1.12% and
the CSI 300 1.34%.
    
ON WALL STREET 
    Futures on major U.S. indices suggest for
the moment an opening slightly up on the momentum of the records of the day before:
On Tuesday, the Dow Jones gained 0.35% to 30,173.88 points, the S&P-500
0.28% to 3,702.2 and the Nasdaq Composite 0.50% to 12,582.77.
    The continued deterioration of the health situation in the United States
fear of a new brake on the economy had tipped the indices
in the red at the beginning of the session but the prospect of an upcoming green light from
the Food and Drug Administration (FDA) to the vaccine developed by Pfizer
and BioNTech allowed a reversal of the trend.
    The stock Pfizer ended up 3.18% at the end of a day also
marked by the first injections of its COVID vaccine in the United Kingdom.
 
RATE 
    Equity rebound and general renewed risk appetite
divert investors from government bonds and raise
yields: ten-year U.S. Treasuries take
around 2.5 basis points at 0.9377% and its German equivalent
more than 1.5 points to -0.597%.
    Movements in the euro area market could be limited by
the imminence of decisions of the European Central Bank (ECB), including the
Governing Council could announce on Thursday an increase and a
extension of the PEPP, the emergency procurement programme in the face of the pandemic.
    
FOREIGN EXCHANGE 
    The general revival of optimism put an end to the rebound started on Monday by the dollar,
which is now losing ground against a basket of reference currencies
(-0,27%).
    The euro thus rises around 1.2130 dollars on the eve of the
ECB meeting. 
    The pound sterling, on the other hand, amplifies its rise against the greenback and
the single currency after the declarations of Michael Gove, Minister
of the British State, evoking the possibility of a compromise on the issue of the
fishing, one of the stumbling blocks in discussions with Brussels.

PETROLEUM 
    The oil market is up sharply, hopes placed in vaccines
outweighing the announcement by the American Petroleum Institute (API) of an increase
unexpected 1.14 million barrels of U.S. crude inventories
last week. 
    Brent gained 1.15% to $49.40 a barrel and light crude
US (West Texas Intermediate, WTI) 1.14% to $46.12.
    
NO OTHER MAJOR ECONOMIC INDICATORS ON THE AGENDA TODAY
    
THE SITUATION ON THE MARKETS: 
    (Some data may lag slightly)
    
MARCHES                                                              
 EUROPEAN                                                    
                                                                       
Indices Last Var.       Var. % YTD                 
                             Points                           
 Eurofirst 300 1532.02 +10.11 +0.66% -5.66%              
                                                              
Eurostoxx 50 3545.53 +19.66 +0.56% -5.33%              
                                                              
CAC 40 5581.09 +20.42 +0.37% -6.64%              
 Dax 30 13398.17 +119.68 +0.90% +1.13%              
 FTSE 6610.83 +52.01 +0.79% -12.35%             
 SMI 10440.33 +46.23 +0.44% -1.66%              
  The values to follow in Paris and in                                   
 Europe:                                                     
                                                                       
SCHOLARSHIPS                                                              
 ASIAN                                                   
 Indices Closing Var.       Var. % YTD                 
                             Points                           
 Nikkei-225 26817.94 +350.86 +1.33% +13.36%             
                                                              
Topix 1779.42 +20.61 +1.17% +3.37%              
 Hong Kong 26502.84 +198.28 +0.75% -5.98%              
                                                              
Taiwan 14390.14 +29.74 +0.21% +19.95%             
 Seoul 2755.47 +54.54 +2.02% +25.38%             
 Singapore 2847.09 +21.46 +0.76% -11.66%             
                                                              
Shanghai 3371.96 -38.21 -1.12% +10.55%             
                                                              
Sydney 6728.50 +40.80 +0.61% +0.66%              
 The closing in Tokyo:                                                  
                                                              
WALL STREET                                                          
  The session                                                            
 Previous:                                                 
 Indices Last Var.       Var. % YTD                 
                             Points                           
 Dow Jones 30173.88 +104.09 +0.35% +5.73%              
                                                              
S&P 500 3702.25 +10.29 +0.28% +14.59%             
 Nasdaq 12582.77 +62.83 +0.50% +40.24%             
 Nasdaq 100 12635.72 +39.25 +0.31% +44.69%             
                                                              
Minutes of the meeting in Wall                                     
 Street:                                                     
 "The Day Ahead" - Update on the next session in Wall             
 Street                                                       
                                                                       
FOREIGN EXCHANGE                                                              
                  Course Watch Var.% YTD                 
 Euro/Dlr 1.2124 1.2101 +0.19% +8.16%              
 Dlr/Yen 104.16 104.15 +0.01% -4.32%              
 Euro/Yen 126.30 126.07 +0.18% +3.57%              
                                                              
Dlr/CHF 0.8879 0.8890 -0.12% -8.28%              
 Euro/CHF 1.0767 1.0760 +0.07% -0.78%              
                                                              
Stg/Dlr 1.3419 1.3353 +0.49% +1.21%              
 Index $ 90.7330 90.9650 -0.26% -5.66%              
                                                                       
GOLD                                                                    
                  Course Watch Var.% YTD                 
 Gold Spot 1862.50 1871.36 -0.47% +22.77%             
                                                                       
RATE                                                                 
                                                                       
Last Var.       Spread/Bund
                                                      (pts)
 Future Bund 178.06 -0.22                          
                                                              
Bund 10 years -0.60 +0.01                          
                                                              
Bund 2 years -0.76 +0.01                          
                                                              
OAT 10 years -0.35 +0.01 +24.60              
                                                              
Treasury 10 years 0.94 +0.03                          
                                                              
Treasury 2 years 0.16 +0.01                          
                                                                       
OIL                                                              
 (in dollars)     Previous course Var Var.% YTD
 US light crude 46.10 45.60 +0.50 +1.10% -24.69%
                                                              
Brent 49.39 48.84 +0.55 +1.13% -25.20%