The Paris Bourse is expected in the green Tuesday. At just under two hours of opening, the Index Future CAC 40 gained 0.64% to 3979 points. The previous day, investors had concluded in Paris on the first day of the week in the green despite a sluggish trend in Asian places. The negative close on Wall Street Friday was forgotten (Monday, the U.S. places were closed due to holiday).
As for statistics, several publications are expected. The market index monitor consumer prices in December in Britain at 10:30 and the barometer of the financial German ZEW at 11am. Overseas will be issued at 16h index of investor confidence as measured by State Street.After exchange, the Americans 19h to unveil the long awaited housing market index, the National Association of Home Builders.
On the corporate side, the markets could be affected by the release of fourth quarter results from Citigroup to 14h. Friday, disappointing trial results from JP Morgan had weighed on the markets of Paris. IBM will release its results after the market closes.
Distributors monitored
Casino was released Monday after market its figures for the fourth quarter of 2009. The group has announced a turnover of 7.32 billion euros over the period, in line with expectations. But sales were lower in France.In its wake, the reaction of other distributors is expected.
Vinci said Monday night having won, in cooperation with the British Morgan is a contract of 476 million euros for the construction of a tunnel for stormwater and sewage to east London. The contract was awarded by Thames Water, the incumbent of the London waters, and will be shared equally between Vinci and the construction group Morgan Est.
GDF Suez said Monday in a statement that discussions toward an agreement with International Power had failed.
Guyenne et Gascogne has announced a turnover in the fourth quarter of 2009 rose 2.4% to 151.3 million euros. For the full year 2009, sales fell by 0.4% to 582.4 million euros.
Soitec has issued a revenue decrease of 9.3% in the third quarter and anticipates a fall limited to less than 10% for sales throughout the year.
The market also anticipates publications for 18h, after market, Alstom (turnover for the third quarter), Accor (fourth quarter), Faiveley (third quarter) and Seb (fourth quarter).
- The Cac 40 remains in the red
- The CAC 40 oscillates around equilibrium
- The CAC 40 ended in the 3900 points
- BHP agrees on a price with steelmakers
- New Real Estate: Sales up 65% yoy
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