Nov 24 2010
After falling almost 2.5% on Tuesday, the CAC 40 slope rises slowly on Wednesday. Buoyed by buying cheaply, on the Paris index closing up 0.62% to 3747.61 points.
Same atmosphere in the London Stock Exchange, where the FTSE-100 gained 1.36% to 5657.10 points by. On the stock market in Frankfurt, the Dax is 1.77% at 6823.80 points, after losing almost all the day.
However, concerns about the situation of public finances in Europe are still present and significantly limit the enthusiasm of investors. In less than two weeks, the CAC 40 in Paris lost nearly 6%. Whereas at the beginning of the month, all observers hoped that the index in Paris was going to break the 4000 point mark before the end of the year, the euro area countries, starting with Ireland – pending Portugal or Spain – were caught by their debt problems.And financial markets have suddenly started to fall.
The Irish government has just unveiled Wednesday its austerity plan of 15 billion euros over four years designed to fill a record deficit. Moreover, according to the Irish broadcaster RTE, on loan from the European Union and the International Monetary Fund is expected to reach 85 billion euros. An amount that should be used to recapitalize banks in Ireland.
On the foreign exchange market, the euro
The question now is to know where financial markets will lead us now. For the European debts has added the bombing of a South Korean island by North Korea which is pitching the Asian stock markets.Also the U.S. central bank has revised Tuesday lowered its economic growth forecasts for 2011 and sees the U.S. unemployment highest in June.
Danone acquisitions and Faurecia
EADS: + 4.71% to 17.46 euros
EADS is leading gains on the CAC 40, the action of the group of aerospace and defense taking advantage of the sharp decline of the euro (approximately U.S. $ 1.336). Same cause for Schneider, who earns 1.31% to 108.15 euros.
As for values, LVMH gained 0.43% to 117.30 euros and Hermes 0.32% to 141.40 euros and L'Oreal advance of 0.68% to 84.68 euros. The Competition Authority announced Tuesday after a new decision of the Court of Cassation, the penalties for cartel between manufacturers and distributors of luxury perfumes were once again apply.The agency had imposed in 2006 was fined 45.4 million euros a dozen manufacturers, including Christian Dior (LVMH), Chanel, Hermes and L'Oreal.
In contrast, banking stocks continued to suffer, as fears of contagion Irish dominate the financial markets. BNP Paribas lost 0.39% to 49.95 euros, Societe Generale was down 0.94% to 38.39 euros.
Danone: + 0.68% to 46.19 euros
Danone has signed an agreement to acquire YoCream leading manufacturers of "frozen yogurt" in the United States, totaling approximately $ 103 million free instant credit score.This acquisition will enable Danone to enter a new market segment, the "frozen yogurt" and access to a distribution network outside the home complements its existing channels.
Plastic Omnium: -0.97% to 45.15 euros
Plastic Omnium Environment and Orange team up to support local authorities in the implementation of incentive pricing initiated by the Grenelle Environment.
Faurecia: + 2.82% to 18.79 euros
Faurecia will acquire about 12 million euros of assets of the German company Angell-Demmel Europe GmbH, a manufacturer of metal parts for automotive interiors.
Alcatel Lucent: + 3.24% to 2.137 euros
Alcatel Lucent plans to issue 500 million euros of 5-year bonds to refinance part of over 800 million euros of bonds maturing in January 2011.
Renault: + 0.45% to 42.75 euros
Renault on Tuesday proposed to the representatives of a device starting early retirement under the hardship, which affects about 3,000 employees over three years, have we learned from the management.
PPR: + 0.62% to 118.25 euros
PPR announced Tuesday the appointment of Alexandre Bompard, 38, ccmme CEO of FNAC from the beginning of 2011.
Areva: + 0.62% to 325.40 euros
The president of Areva Anne Lauvergeon auditionée was in committee in the Senate on "the challenges and opportunities of international French nuclear industry." Anne Lauvergeon, expressed opposition Wednesday to the input of EDF Board monitoring nuclear group, while saying "delighted" by a possible rise of the electrician in the capital of Areva.
Thales: 1.5% to 27.02 euros
The electronics group for the defense said it planned to cut up to 1,500 jobs in France to face a declining demand in its home markets, strong competition from rivals and an unfavorable course the euro.
Gecina: -0.77% to 81.20 euros
Gecina, which has set a target of increasing its wealth of office from six to nine billion by 2014, intends to accelerate its acquisition of office space on the market next year, said Tuesday its chief executive.
Nexans: -0.89% to 52.08 euros
Nexans back while the Dutch cable operator, Draka, entered into discussions with the Chinese Xinmao following its offer of 20.50 euros per share.Nexans has to make an announcement on Wednesday to announce he builds on this offer or if he retires.
Vivalis + 3.71% to 7.55 euros
Biotech has announced that U.S. authorities had given their approval to GlaxoSmithKline to initiate clinical trials on humans of a vaccine against influenza with its product technology
Trigano (1.26% at 20.50 euros) on Wednesday published its fourth quarter results.