The CAC 40 beautiful colors found on Thursday. The benchmark index in Paris, who managed yesterday to back up the 3900 points at the last minute, made a new leap forward, encouraged by macroeconomic indicators of good quality. At closing, the index was up 1.41% at 3968.84 points. Same atmosphere in London and Frankfurt stock exchanges which are also in the green: the Footsie advance of 1.47% to 5880.87 points and the DAX climbed 1.90% to 6933.58 points.
But volatility remains high, as was the case in Asian markets this morning. International news is indeed very busy and should focus attention again, slowing any risk taking.
Evidence are the highs established Thursday by the gold and silver.The gold spot <XAU=> hit a historic high of 1,447.40 dollars an ounce on Thursday signed its seventh consecutive day of gains, the series progress the longest since the worsening debt crisis in the euro area in May. The money in turn reached a high of 31 years, to 38.13 dollars.
Japan, Libya and Portugal under surveillance
In Japan, first of all, the problems persist on the plant in Fukushima. Site personnel, evacuated the day after an offshoot of black smoke, resumed on Thursday watering operations on the reactor 3 where electricity was partially restored in the control room of reactor 1. Investors are also following closely the level of radioactivity in the capital, Tokyo.
In Libya, the tension escalates as the forces pro-Gaddafi not give up despite the bombing of their tanks by the international coalition.The tanks of the Guide are the entrances to the city Ajdabiah while the coalition struck a military base east of Tripoli. The main hospital Misrata third largest city, was the target of raids on Wednesday night.
Finally, in Europe, the sovereign debt crisis resurfaced with Portugal, while a European summit held today in Brussels. The Socialist Prime Minister Jose Socrates has presented his resignation Wednesday night the President of the Republic after the dismissal of his austerity program by Parliament. The political crisis should accelerate the use of international financial rescue.
U.S. unemployment program
In this highly charged, a series of statistics, however, should occupy the market.In France, the business climate improved again in March, in manufacturing as in other sectors, shows the monthly business survey published Thursday by the INSEE. The synthetic indicator of business climate in the manufacturing sector rose three points to 109, its highest level since late 2007. The employment figures for February will be also published after market (18 hours).
The growth of private activity in the euro zone slowed in March as the PMI index published on Thursday, but economists believe that the level of the indicator remains encouraging. The composite index of purchasing managers, which summarizes the activity in the manufacturing and services, to 57.5 points in March, the company announced that Markit publishes the index, in a first estimate.The index settled at 57 points in January and 58.2 in February, its highest level since July 2006.
For their part, the United States will lift the veil on durable goods orders in February and weekly jobless claims at 13:30.
On the currency market, on the foreign exchange market, the euro stabilizes stable against the greenback at 1.4128 dollars against 1.4083 dollars on the previous evening. For their part, oil markets back slowly because of rising U.S. crude stocks published yesterday. In morning trading, a barrel of light sweet crude for May delivery yielded 31 cents to 105.44 dollars. That of Brent North Sea crude for May delivery declined 27 cents to 115.28 dollars.
Ingenico flies
At mid session every CAC 40 stocks are benefiting from the upturn.
Accor: 3.75% at 31, 92 euros
The title is head increases the CAC 40.The hospitality industry, recently penalized by the geopolitical risks and catastrophe Japanese is resumed. Accor has lost 13.34% over the last 30 days.
Renault: 1.61% to 38.41 euros
The manufacturer firm duCAC walking 40 with a modest gain after a recommendation from Berenberg keep passing with a target price of 47 euros. the title of the builder is also pulled down by that of its subsidiary to 44% Nissan dropped 4.55% in Tokyo. For Peugeot (1.40% to 27.1 euros), the bank also requires to be kept with a target to 34 euros.
EDF: + 0.63% to 28.95 euros
The electrician has submitted to government a document in which he suggests a rise of 4.7% of electricity rates for individuals on average each year from 2011 to 2015, according to the text that Reuters was able to consult.The Energy Minister, Eric Besson said that electricity prices would increase slightly this summer and no significant increase was under consideration.
Natixis: + 0.85% to 4.14 euros
The bank announced Thursday the purchase of 800 million euros of subordinated notes underwritten by BPCE, as announced on February 23.
Bolloré: -0.56% to 160.10 euros
Italian Pininfarina has exercised a put option to sell its stake in its 50/50 joint venture with Bolloré. The sales price stood at 10 million euros, according to the book value and what was agreed in September.
France Telecom: + 0.71% to 15.68 euros, Vivendi: + 1.13% to 19.69 euros
The French telecoms regulator has announced a new lower cost of call termination.From the perspective of telecom operators, including market leaders in Orange and SFR, the reductions in call termination weigh on sales growth.
Ingenico: + 7.87% to 28.72 euros
The group was selected to participate in a proposed deployment of contactless payment in the United States, funded by Google, according to Les Echos.
Gameloft – 3.21% to 4.52 euros
The title suffered profit taking after publication of its 2010 earnings. The company has benefited from the rise of touch pads and believes that its video games continue to be worn in 2011 by new technologies and the explosion of smartphones. It relies on a new sales growth and improved profitability and cash flow in 2011.
Ubisoft: -0.61% to 7.33 euros
Nintendo 3DS arrived in France on Friday.The game publisher will offer four of the fifteen titles available at launch for the handheld. The group is betting on success.