The CAC 40 Opens stable
Posted by admin | Under economic, economy, money, online, top news Wednesday Mar 31, 2010The Paris Bourse is a pause.Alors that Wall Street has ended the day by standing still and that the Asian stock markets operate in a disorganized this morning, and without trend, the CAC 40 has opened close to balance on Wednesday, falling very little, from 0.13% to 3982.15 points.
Shortly before the opening bell, Insee has published a public debt to France, 77.6% of GDP, against 67.5% of GDP in 2008. The deficit was driven in by 1.8 points to 7.5% of GDP in 2009, a figure slightly less bad than expected (7.9% expected). The deficit increased a total of 80.1 billion, reflecting a decrease of 4.3% of revenue and an increase of 3.8% of spending, Insee said.
Furthermore, producer prices rose 0.1% in February in France after rising 0.6% in January.
Elsewhere in Europe, the main financial centers are also changing in peace: in London, the Footsie index Gently fold from 0.07% to 5668 points, in Belgium, the Bel 20 was down 0.18% at 2651 points.
But after the trading session should be much busier then a rain of important indicators will be published Wednesday in France, Europe and the United States.
An ample macroeconomic news
At 11 hours, the rate of unemployment in the euro area will be watched by investors, as well as inflation in March (first estimate).At mid-day also, the French Building Federation (FFB) will hold a press conference on the prospects of the market in 2010.
Overseas, his eyes riveted on the figures ADP employment in the private sector in March, which fall at 14.15 (they are the employment figures to be unveiled Friday are the most anticipated by investors) . In February, U.S. employment had come out better than expected. The unemployment rate was 9.7%.
Half an hour later, the economic activity of the Chicago area over the same month that will be scrutinized by investors. Then at 16 hours, February industrial orders register on the radar screens of traders.Finally, at 16:30, the weekly crude oil inventories in the United States will be made public overnight pay day loans.
Other events to note on Wednesday for the first time a foreign minister, in this case the French Minister of Economy Christine Lagarde, participates in the German Council of Ministers, devoted in particular to a stabilization fund for banks (9:30). It will then hold a press conference with his German counterpart Wolfgang Sch?uble at noon.
Societe Generale court
The French bank Societe Generale must respond to a complaint filed by New York Court of pension funds and individual investors who accuse him of having wasted money.The bank securities retreated in early trading from 0.49% to 46.48 euros.
Axa declines sharply (-0.82% to 16.34 euros, the biggest drop CAC 40) while S & P downgraded its rating on value. Just behind BNP Paribas plaice 0.77% to 57.84 euros.
Regarding EADS (1.28%, to 15.07 euros, 2nd best performance of the ACC) and Replenishment American, Barack Obama, during a press conference in Washington with Nicolas Sarkozy, has said it wants " avoid all-protectionism ". He promised a selection of "free and fair" for the contract to 35 billion euros.
Schneider Electric is displayed at the top of the list, with an increase of 1.97%, to 87.11 euros.Vinci rises from 0.97% to 44.22 euros, still boosted by his victory over the tender to 7 billion euros for the HSL South-west France.
Later publications, the leading classifieds website Adenclassifieds saw its net profit fall by almost 88% last year. But there have been signs appear since the end of 2009. At approximately 9:10 am, no title Adenclassifieds not traded.
On Wednesday, Orpea, a leading French farmers establishments comprehensive care for dependents, has published a rebound in net income of 26.1%, to 61 million euros. The shares climbed 3.3%, to 31.51 euros and are headlining on the SBF 120.
Neopost back him, 2.53%, to 59.7 euros. The group saw its net profit fall by 5.7% in 2009 to 147.9 million euros.