The CAC 40 continues its forward march on Thursday. At closing, the Cac 40 was even offered the luxury of spending the technical threshold of 4100 points to 4104.16 points for a gain of 0.90%. Paris appears on the rise for the sixth straight session. As in Asia, Paris markets in turn react positively to the long-awaited announcement of the Fed on U.S. rates. The latter decided to continue its accommodative monetary policy for an extended period.
On other European markets, the upward trend is also valid. The London Stock Exchange 0.02% gleans 6069,09,10 points. For its part, the DAX index of the Frankfurt Stock Exchange gained significantly more (0.96%) to 7475.86 points.
Investors ignored the statistics expected across the Atlantic on Thursday, beginning with the first estimate of first quarter GDP and weekly jobless claims.As expected, U.S. growth slowed in the first quarter with a 1.8% annual rate. The ball quarterly publications will also be given to: Procter & Gamble, Microsoft, Expedia and Colgate Palmolive are scheduled.
In France, last month, spending on French household consumption of manufactured goods fell by 0.7% over one month after rising 0.9% in February, Insee said Thursday. Throughout the first quarter, spending still increased by 1.2%, after +1.8% in the last quarter of 2010.
Side currency, the euro climbed sharply against the dollar since the Fed announcement. About 11:00 am in Paris, the euro bought 1.4834 dollars against 1.4785 dollars late Wednesday.On oil markets, a barrel of light sweet crude for June delivery gained 61 cents to 113.37 dollars while that of Brent North Sea also June delivery increased 62 cents to 125.75 dollars. The sharp weakening of the U.S. currency has elsewhere led to a surge in price of an ounce of gold above the threshold of 1,530 dollars for the first time.
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As for French companies, investors must digest another round of results:
NYSE Euronext: + 0.02% to 26.78 euros
The transatlantic exchange group NYSE Euronext, which is the subject of two competing takeover bids, posted a net profit of 155 million dollars in the first quarter, up 19% year on year.NYSE Euronext is now convince its shareholders of the merits of his choice to continue on the path of rapprochement with Deutsche Börse, as he rejected the offer-cons, yet higher than 20% of the two U.S. exchanges, Nasdaq OMX and Intercontinental Exchange (ICE).
Saffron: + 6.17% to 25.56 euros (largest increase in the SBF 120)
The group announced on Thursday a rise in its quarterly revenue exceeding its target for the year, driven by activities of aerial and optronics, and reaffirmed its forecast for 2011 and its confidence for the following years.
Eramet: -1.43% to 265.45 euros
The mining group has achieved a turnover of 973 million euros in the first quarter, up 23%, thanks to increases of 35% nickel and 30% in alloys.Its operating income should be at least semi-equal to the corresponding period of 2010 excluding special items, after a surge in sales in the first quarter.
Gemalto: -0.29% to 34.96 euros
World number one smart card noted in the first quarter up 17% of its sales to 444 million euros a year, driven by its main activities. It confirms its outlook for fiscal 2011.
Technip: -2.46% to 74.96 euros
The specialist oil and gas equipment announced better than expected margins in the first quarter and confirmed its overall outlook for 2011.He always aims for this year a turnover of approximately 6,500 to 6.7 billion euros against 6.082 billion in 2010.
Sanofi-Aventis: +0.08% to 53.30 euros
The group released on Thursday quarterly earnings affected by competition from generics, but slightly better than expected and announced that its annual results would be reviewed during the semester payday loans guaranteed no fax. In late March, the turnover came out down 1.5% to 7.78 billion euros, generics that cost him 569 million euros in turnover over the first quarter of 2010.
Suez Environment: + 4.02% to 15.52 euros (largest increase in the ACC)
The group has published performance increase in the first quarter thanks to strong growth internationally, and has confirmed all its targets for the period 2011-2013.The turnover reached 3.514 billion euros in the first quarter, registering an increase of 14.3% (+13.5% at constant exchange rates), while EBITDA was $ 592 million, an increase of 28.6% (+25.6% at constant exchange rates).
Imerys: -0.44% to 52.44 euros
The group announced on Thursday a net improvement in its quarterly results, benefiting in particular the improvement of the construction market in France, said he expected an improvement in its performance throughout the year.Imerys has improved its operating margin by 1.9 points to 13.2% and increased its turnover by 13.7% at constant exchange rates to 882.7 million euros in the first quarter.
PPR: + 1.98% to 120.80 euros
The group saw sales jump 26% in luxury in the first quarter, boosted by a dynamic Asian still as powerful and a brilliant performance in the United States.
Gameloft: + 5.68% to 4.84 euros
The group announced a 20% growth of its turnover in the first quarter of 2011 to 39,500,000 euros.The company anticipates a year again growing at its turnover and profitability.
NextRadioTV: -0.51% to 15.57 euros
The media group has announced a turnover up 14% to 35 million euros, 15.7 million (+15%) for its flagship radio and 10.2 million for its TV division (+25%) . He announces "positive outlook for the first half of 2011."
Technicolor: -1.51% to 5.15 euros
The group announced on Thursday a rise of 15.4% of its turnover to 812 million euros in first quarter (+16.2% at constant exchange rates) and confirmed its targets 2011.
Ipsos confirms its objectives
Ingenico: + 0.91% to 33.10 euros
The group raised its growth target for 2011.It is now targeting sales at constant scope and exchange rates, greater than or equal to 985 million euros, while it had announced a target located between 965 and 985 million euros.
Ipsos: -0.21% to 35.29 euros
The group confirmed its targets for 2011 after recording an increase of 6.2% of its turnover in the first quarter despite the continuing fall in the market for public education in Britain.
Klépierre: + 1.77% to 27.62 euros
The group announced a slight increase in rents in the first quarter, thanks to its shopping centers, despite a slowdown in consumption in Europe.
Unibail-Rodamco: + 0.84% to 156.30 euros
The group has appointed Christophe Cuvillier, former CEO of FNAC and Conforama, the Executive Group property as "General Manager Operations."He replaces Michel Dessolain, board member since 2007, appointed Director General of the strategy.
New field for Total
Total: + 0.96% to 43 euros
The oil discovered in south-eastern Bolivia a major gas field that could initially produce up to 6.5 million m3 per day.
Bioalliance Pharma: 2.48% to 6.20 euros
The group has announced an expansion in Germany and Spain for its Phase II clinical trial of clonidine Lauriad in patients with cancer of the head and neck.
Always on the side of publications, after market, Saint-Gobain, Sechilienne-Sidec, Crit and Vinci will unveil their turnover in the first quarter. Compagnie des Alpes will unveil its second quarter revenues.The results of the first quarter of Sequana, Saft, and Bongrain are also expected.
Eurotunnel, Danone and Plastic Omnium hold their general meetings starting respectively from 10.15, 14.30 and 17 hours.