The Paris Bourse falling off again while Eurostat revised up the Greek deficit in 2009, and after having fallen sharply (-1.22%) the day before amid concerns about government debt.
The Greek interest rates to ten years has exceeded 8% in the day Wednesday. Investors wonder if Greece will well repay the debt, with growth stifled by a plan of unprecedented stringency.
At midterm, the CAC 40 yields 1.05%, to 3935.75 points.
Rain clues to look closely
This session will be loaded in major economic indicators. In France, growth accelerated in April in the French private sector, with a strong burst of activity in services, according to the PMI survey published Thursday by Markit Economics.The composite index rose to 58.4, its highest level in four months, against 55.8 in March.
The morale of French companies has jumped four points in April compared to March to reach 97 points, despite backlogs still scanty, according to Insee.
Moreover, the French manufacturing industry has confirmed its recovery in April from the previous month, according to the business survey released Thursday by the INSEE.The synthetic indicator of business climate index rose four points to 97, while remaining below its long term average.
Finally across the Atlantic, at 14:30, investors become aware of producer prices in March and traditional weekly claims for unemployment benefits and then at 16 hours, home resales for the month of March ser
Schneider, Vallourec and L'Oreal to take on the ACC
Schneider Electric on Wednesday confirmed its 2010 target of a moderate increase in its turnover in organic figures. The shares were down 2.06%, to 86.427 euros.
Vallourec (-0.74%, to 148.4 euros) has announced the acquisition for 150 million euros Serimax, a company specializing in offshore pipelines.
The group Areva (0.50% to 382.75 euros), yet prey to big delays on another local project, the favorites to meet the tender of the Finnish government, which wants to build two new reactors.
Also in ACC 40, L'Oreal (0.46%, to 80.37 euros) said it signed an agreement to acquire the U.S. Essie Cosmetics, make-up brand nail polish, whose sales sales amounted to 28 million (about 21 million euros) over the last twelve months.
The Competition Commission has prohibited the merger between Orange, a subsidiary of telecom operator France Telecom (-1.16%, to 16.97 euros), and Sunrisecom "> cash advance. The company resulting from the merger would have created, together with Swisscom, a collective dominant position on the market for mobile telephony.
Guy Wyser-Pratte does not increase its stake from 0.53% in Lagard?re group with which it engaged in an arm-wrestling to be appointed to its supervisory board and change its governance.Lagardere shares were down 1.71%, to 31.35 euros.
Publications animate Exchange
Later publications, they have been good for Sodexo (3.19% to 45.60 euros), Remy Cointreau (1.32%, to 43.82 euros) and Carbone Lorraine (2.67%, to 27, 70 euros), which are among the highest increases in the SBF 120.
Sodexo has recorded an operating profit better than expected in the first half, and now expects a range between 770 and 790 million euros for the full year.
Carbone Lorraine on Wednesday released a stable turnover in the first quarter at constant perimeter and exchange rates and confirmed its targets for 2010.
The wine and spirits group Remy Cointreau announced Thursday an increase in its annual turnover (April 2009-March 2010) of 13.1% to 807.8 million euros.
Vranken-Pommery has also published a large turnover of 39.4 million euros, up 38.1% (+11.4% on a constant basis, excluding integration Listel), thanks to the recovery its activity champagne. The company expects a sales growth of over 20% "medium term". The shares are 2.63%
In addition, Publicis made a surprise Thursday by posting organic growth of 3.1% of its income in the first quarter, two times higher than that of Havas. Its shares rise 1.70% to 34.02 euros.
Plastic Omnium (-1.32% to 33.01 euros) announced an increase of over 43% of its activity in the first quarter, benefiting from a favorable base effect with the automotive market crisis a year ago.
Surprises
Side decreases, Nexans has the highest drop in the Paris stock exchange: -9.38% to 58.90 euros.The leader in the cable industry has registered a turnover of 1.35 billion euros, up 8.4% yoy while in the course of constant non-ferrous metals, it reached 971 million of euros, down 11.1%.
Just behind Technilocolor – formerly Thomson – was down 5.60% to 1.03 euro. The company posted a turnover of 691 million euros for the first quarter, down 24.4%.
- The Paris Bourse down slightly
- The Paris Bourse passes the 4100
- The CAC 40 dropped below the 4000 points
- The Paris Bourse digested another round results
- Greece Tripping the CAC 40
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