While Tokyo is changing sharply higher Thursday, buoyed by renewed investor confidence in the wake of U.S. figures bode well, the Paris Bourse continued to increase slightly at the opening (9:00): 0.08 % to 3763.72 points.
Wednesday evening, the CAC 40 finished up slightly, from 0.35% to 3760.72 points. Road to 3800 points?
According to technical analysis, but very quickly exceeded 3770 points, the CAC 40 3% could consolidate … So watch this Thursday if investors choose to continue to increase frankly, if the correction will be severe.
Side currencies, the euro is back under $ 1.32 on Wednesday. At around 7:30 Thursday morning, 1.3161 should be dollar for one euro.The single currency has stabilized again after having passed the milestone of $ 1.31.
The ECB decision on interest rates
In terms of macroeconomic publications, we expect the course to 13:45 ECB decision on interest rates from the European Union. Shortly before, in Germany, industrial orders for the month of June will be known. Remember that Germany is the European country that is doing the best of the Old Continent.
American side, the weekly claims for unemployment benefits will déoilées 14:30.
Sopra and Vicat released yesterday after-hours
The services company Sopra (2.97% to 57.15 euros) on Wednesday confirmed its organic growth targets and slight improvement in operating margin in 2010, after a first half marked by a 59.2% jump in operating profit current with large contracts in France.
The Vicat Cement (+0.23% at 51.55 euros) announced Wednesday expect a gradual stabilization of its sales volume in France this year after a second quarter marked a rebound from its almost universal activity cement.
Wednesday, Societe Generale (+0.8% at 46.07 euros) published the results of good quality. CEO Frederick Oudéa, is much more serene than a year ago, can you read in an interview with Le Figaro. The bank reported operating results improved significantly.He believes that the euro crisis was excessive.
The mutual insurer Groupama in the first half net profit down 29% to 78 million euros, according to a statement released Thursday, partly due to an unfavorable base effect related to provision reversals in the first half of 2009.
Sector Analysis
As always, during the violent phases of the stock market rebound, there is the issue of market valuation and different sectors. According to Aurel BCG, called defensive sectors' health, utilities, and telecommunications "have a PER at their historic low. They care little downside if the market downturn but in the short term, they should not experience a strong increase in their recovery. "
The bank, after their recent rally, are less attractive.However, many investors have ousted this sector of their portfolios when they were at the heart of European concerns. And after the recent positive news on the sector (stress tests, good results), the value of bank shares could still rise.
The technology sector and industry, in terms of their business outlook remains attractive and still cheap. Warning against the industry by Food and beverages, the broker warned.
Finally, travel and leisure sector is expensive. But it has great potential for upward revision of profits for the coming weeks.
- The Paris Bourse digested another round results
- Gemalto disappoint the financial markets
- The Paris Bourse down slightly
- The Paris Bourse passes the 4100
- The CAC 40 dropped below the 4000 points
Tags: corporation, events, global, international, small