Apr 09
Further decline expected at the Paris Bourse
The CAC 40 is expected to start Thursday's session in the red, in the wake of U.S. markets yesterday and Asian stock markets this morning. On Wednesday, the CAC 40 closed 0.67% in decline and ended at 4026 points.
Around 8:15 am, the CAC 40 index futures to predict an opening in April 2010 were down 0.38% to 4014 points.
The Greek situtation continues to worry, with its market "disconnected from reality", according to analysts. Wednesday noon, the Greek rate climbed to 7.176%.
The euro declines further against the dollar Thursday in favor of safer currencies considered as the yen. Around 8 am, the euro stood at 1.3332 dollars against 1.3339 dollars on Wednesday in 23 hours.
The ECB decision this afternoon
In France, the day will begin with the publication by the customs authorities of foreign trade value in February (at 8:45).The Department of Budget, at the same time, unveil the monthly statement of the State budget through February. Regarding the euro area, 11 hours, investors will pay particular attention to the retail trade, still for the month of February.
But the decision of the ECB (European Central Bank) on interest rates from the European Union will be scrutinized even more closely. If the status quo is widely expected, any change of tone in the speech of Jean-Claude Trichet could be perceived as a sign of a future monetary tightening.
In the U.S., the most watched weekly claims for unemployment benefits, at 14:30, will be published.Wednesday evening, Ben Bernanke, the Fed chief, said the United States are not "derived from business" and that the country will have to make sacrifices "inevitable" to resume a stronger growth.
Lagard?re pressure
On the alliance Renault-Nissan and Daimler, Dieter Zetsche, CEO of Daimler, has welcomed the agreement. With their partnership, both groups rely on synergies and economies of scale to 2 billion euros each. They also intend to expand their cooperation. "It's not good at the right time, and for good reasons," he said Wednesday at a news conference.
Furthermore, tensions are growing between Lagard?re and Wyser-Pratte. The activist investor has scored two resolutions to the General Meeting of April 27.Note that since March 25, when the Franco-American investor said it held 0.53% of the media group, Lagardere's share rose almost 10%.
According to Les Echos, Airbus, EADS subsidiary, has 60 orders since the beginning of the year. Airbus has delivered 122 planes during the period for airlines including three A380s.
Maurel and Prom of 2009 results published in the red but was confident for 2010. The oil company proposed a dividend of EUR 0.10 (cons 0.35 for 2008).
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