Mar 25

The CAC 40 should remain cautious before the Brussels summit

Tag: international, life, online, technology, world — admin @ 5:53 pm

After limited Wednesday its losses due to degradation of the note of Portugal by U.S. rating agency Fitch, the CAC 40 should be cautious. Thursday and Friday, will take effect in the European Council in Brussels. Support measures to Greece are expected, involving the IMF and covering several tens of billions of euros.

The program also published a series of U.S. data – weeks claimed Thursday to 13 hours, and a third estimate of GDP for the fourth quarter of 2009 Friday at 13.30 – and the presentation from 9 hours by Jean-Claude Trichet's annual report the European Central Bank before the European Parliament.

As for values, the series of publications is nearing completion. Thursday Hermes presents its annual results for 2009.

Bank stocks are also monitored on the sidelines of the Brussels European Council.

The Italian A2A accelerates the process of selling its stake in Edison to EDF, a transaction that would allow the French group to take control of Italy's number two electricity, it was learned from sources close to the matter.

Germany, France, the United Kingdom and Spain are planning to protest together with the U.S. President Barack Obama against the forced removal of EADS bidding for tanker aircraft for the U.S. Air Force says Thursday newspaper Les Echos.

TF1 got the green light by the High Council of Audiovisual (CSA) to buy chains and TMC NT1 group but AB's subsidiary Bouygues will make certain commitments.

KKR announced Wednesday the sale of a stake of 4.4% in Legrand through a process of "book building" accelerated.It will own 20.6% of the capital and 27.5% of the voting rights of French group at the end of the assignment. Wendel for his part said not to join the operation and maintain its 24.9% stake in Legrand.

Camaieu announced Wednesday results in net decrease in 2009 but said he observed an improvement trend in the last semester.

Veolia said in a statement that the new boss of EDF, Henri Proglio, leaving the presidency of the board of directors. His replacement has yet not been identified.