If the benchmark index of the Paris meeting begins on Tuesday backed an increase, from 1.22% to 2586 points, it is not immune to a further sharp correction. The CAC 40 is moving in a technical area fragile. On Monday evening, the CAC 40 closed Monday evening at 3543 points (-0.47%), or under 3550 points. The Nikkei in Tokyo closed scrounge 0.07% and the Dow Jones U.S. who nibbled 0.05%.
From a perspective of technical analysis in the medium term, the underlying trend is now clearly negative and the real threat is a return to the starting point of the upward movement engaged in July 2009 around 2960 points.
The euro, deemed a "credible currency" by Jean-Claude Juncker, the leading ministers of the euro area as a result of the Eurogroup meeting started Monday night, continues to rate to $ 1.23 either a low of four years.On Tuesday morning, about 9:15, it's 1.7378 dollars.
Such a drop in the euro (-13.5% since January 1) may in fact give the boost needed to recover a bit better in Europe. This is the principle of competitive devaluation.
The finance ministers have wanted Sixteen reassuring and felt that the new savings measures announced by Spain and Portugal are "courageous".
For its part, the ECB (European Central Bank) acquired for 16.5 billion euros in government bonds – a symbolic amount – while taking the same amount of liquidity to avoid any debate that the ECB would finance European countries' debts, and leave the spinning inlation upward.
Statistics follow
In France, INSEE release its flash estimate of employment in the first quarter of 2010.In Germany, the famous Zew index, closely watched, will be unveiled at 11:00.
In the euro zone foreign trade for the month of March will be released at 11:00. Same time, inflation in April for its second estimate.
In the U.S., the housing starts in April will be announced at 14:30, and the producer price for the same period.
If these statistics are usually scrutinized by investors for their decisions on markets, movements of the euro have largely taken over in recent sessions.
No decrease in the CAC 40 SBF 120 or on the
Among the strongest increase in the CAC 40 on Tuesday morning, SocGen takes the top spot, up from 3.64% to 36.7 euros, followed by Credit Agricole (3% to 9.8 euro) then Vallourec (+2.9% to 157.7 euros).U.S. President visits one of its seamless tube mill in Ohio.
No value will decline, or on the CAC 40, nor on the SBF 120.
On this last index, Sperian Protection climbed 7.9%, NicOx takes a bit of color: 4.7%, to 2.44 euros and Altran rises 3.5% to 3.7 euros.
Veolia: towards a big contract?
Veolia is about to win a giant contract to supply drinking water Ile-de-France, Les Echos reported on the front page of their Tuesday edition. Titles rise of 1.44% to 21.41 euros.
According to Le Figaro, the airline Air France-KLM (2.03%, to 10.2 euros) prepare a plan of reconciliation counters Air France, KLM, Alitalia and Delta in most European airports, and so remove agencies. 300 jobs could be lost, but not dismissal.Furthermore, the cargo branch of the air group has seen its business drop by 22% last year and has registered 499 million loss, or over a third of the 1.3 billion loss that the group will announce Wednesday.
Accor Services, the service arm of the Accor group (1.86%, to 41.1 euros) wants to accelerate growth, make acquisitions and expand into new countries, according to the prospectus for the Financial Markets Authority ( AMF) on Monday. Accor will hold a press conference at 8:30 on the demerger and listing of branch services provided July 2.
Axa Private Equity, a subsidiary of the insurance group Axa (1.88%, to 13.25 euros), announced Monday it had completed the acquisition of Go Voyages by taking a majority stake in the French specialist for booking tickets line.