* The CAC 40 is down 0.2% but the FTSE 100 is down 0.26%
    * Distribution and oil in support
    * New lockdown in the UK, continued restrictions expected elsewhere
    * Uncertainty over the Georgia election weighed on Wall Street

by Blandine Henault
    PARIS, Jan 5 (Reuters) - Europe's main stock exchanges are trading in
order dispersed Tuesday at the beginning of the session, the rise in the sectors of the
distribution and oil supporting in particular the London market despite
the announcement of a new national lockdown in the United Kingdom.
    In Paris, the CAC 40 index fell 0.24% to 5,575.7 points around 09:15
GMT. In Frankfurt, the Dax lost 0.12% but in London, the FTSE
advance of 0.26%. 
    The EuroStoxx 50 index of the euro zone lost 0.14%, the
FTSEurofirst 300 fell 0.18% and the Stoxx 600 fell
0,07%.
    Beyond the support provided by the progress of the
distribution and oil, the health situation still deteriorating in Europe
remains a drag on risk appetite despite vaccine rollout
against the coronavirus.
    British Prime Minister Boris Johnson announced on Monday evening a
new national lockdown as the country faces a variant
contagious coronavirus.
    In Germany, the lockdown could be extended until the end of the month
while in France, the expected easing of restrictions in January is
strongly questioned.
    
SECURITIES 
    British distributor Next jumped 8.44%, leading the Stoxx
600, after reporting a much smaller than expected decline in its
sales during the period covering Christmas. 
    The entire sector benefits, the Stoxx retail index
advancing by 1.24%. 
    The oil and gas segment was also well oriented (+1.09%) and
ends a series of four consecutive sessions of decline. 
    In Paris, Nexity stands out with a jump of 7.68% after having
announced an increase in its financial targets for 2020. 
    
IN ASIA 
    The Tokyo Stock Exchange ended down 0.37%, in the wake of
Wall Street and as the Japanese government has to decide this week
if it declares a state of emergency in the capital Tokyo and its outskirts to do
in the face of the coronavirus.
    Mainland Chinese stock exchanges, for their part, have been better oriented,
supported by the rise in consumption-related values on the background
expectations of measures to support the economy.
    The Shanghai Stock Exchange Composite Index advanced 0.73% and the
Large-cap CSI 300 gained 1.91%.
    
ON WALL STREET 
    These are essentially political considerations that weighed on Monday on
the New York Stock Exchange in the face of the senatorial election in Georgia which is held this
Tuesday. The ballot is decisive in determining which of the Democrats or
Republicans will have control of the Senate and give Joe Biden margins of
manoeuvre for his mandate. 
    The Dow Jones index fell 1.25% to 30,223.89 points after a record in
start of session at 30.674.28. The S&P 500 lost 1.48% to 3,700.65 points
and the Nasdaq Composite fell 1.47% to 12,698.45 points.
    U.S. index futures are signaling a
slight increase at the opening.
    
EXCHANGE/RATES
    Despite renewed caution, the dollar retreats against a basket of currencies
reference after the central rate of the yuan has been fixed by the  central bank
Chinese at 6.4760 to the dollar, 1% more than the previous fixing and
the largest change since 2005.
    This decision has fueled the appetite for the riskiest currencies. The
Australian dollar, considered a barometer of the risk that tends
usually to follow the yuan, rose 0.74%, not far from a high of
two and a half years touched on the last day of 2020.
    The euro advanced 0.23% to $1.2276, after peaking at 1.2309 the day before.

In the bond market, movements are limited. The performance of the Bund
German ten-year is stable at -0.596% while the
Ten-year treasuries advanced more than one basis point to 0.9315%.
    
PETROLEUM 
    Crude oil prices are stabilizing pending the recovery of
discussions within the OPEC+ group on the level of production for the month of
February after unsuccessful negotiations the day before. 
    Brent crude is almost stable at $51.1 and crude
U.S. Light (WTI) advanced 0.2% to $47.7. 
            
MAIN ECONOMIC INDICATORS ON THE AGENDA FOR 5 JANUARY:    
 COUNTRY GMT INDICATOR PREVIOUS CONSENSUS PERIOD
 EZ 09:00 Money supply M3 over one year November +10.0% +10.5%
 USA 15:00 ISM Manufacturing Index December 56.6 57.5