Nov 18
The Paris Bourse hesitates
Around 12:15, the CAC 40 gained 0.05% to 3816.48 points. Operators are focused on companies that have released their quarterly results, like EDF, GDF, Rexel or Euro Disney.
On the macroeconomic front, the United States publish entries to unemployment benefits weekly at 14.30 and oil stocks weekly 17 hours.
The current account deficit narrowed in September to -3.7 billion euro in France, thanks to an improvement in the situation of trade in goods, says the Bank of France.
Within the Cac 40, the car jumped and financials slip
PSA Peugeot Citroen (5.34%) recorded the largest increase in the Cac 40. The automaker revised "markedly higher" earnings guidance for 2009.It now expects operating profit to breakeven in the second half and free cash flow positive for the year.
Rival Renault take this advertisement and allows itself 3.43%.
However, financials are misguided. The insurer Axa yields 1.49%. Topping the list of the most marked declines in the Cac 40, the title insurer is followed by banking stocks Credit Agricole (-0.98%) and BNP Paribas (-0.76%). Societe Generale fell by 0.69%. Out Cac 40, Natixis escaped this trend and advance of 2.06%.
EDF (-0.47%) achieved a turnover up 2.9% to 13.4 billion euros in Q3. The group said its production of electricity would be set back significantly over the year.
GDF Suez (-0.07%) post an operating profit down 2.7% to 10.1 billion euros in Q3.
Vietnam Airlines and EADS (+4.02%) signed an agreement in principle for the delivery of 4 Airbus A380, said Marwan Lahoud, vice president of European Aeronautic.
Eurofins Scientific achieves the highest increase in the DTH
Eurofins Scientific jumped to 11.96%, and grants itself as the largest increase in the SRD. The net group result increased by 31% to 5.9 million over the 3rd quarter, against 4.5 million euros in the third quarter of 2008.
Air France gained 2.23% after submitting the tender medium-mail that it will implement in April 2010 in order to meet the low costs airlines.
Atari (-10.16%) was sanctioned after lowering its profit target for the second half, to become an operating profit "to balance or slightly negative."The former Infogrames presented for the first half revenues up 25.7% to 68.5 million euros and a net loss of 23.2 million Euros.
The turnover of Rexel (0.95%) decrease of 19.4% on a comparable basis to 2.793 billion euros in Q3.
The net loss after minority interests of Euro Disney (-12.2%) for 2008-2009 increased to 55.5 million euros against a loss of 2.8 million in 2007-2008. Turnover 2008-2009 spring to 1.23 billion euros, against 1.32 billion in 2007-2008.
According to the Echos, the bidders for the transmission and distribution subsidiary of Areva (0.79%) each offer about 4 billion euros. Toshiba has offered 4.2 billion euros, General Electric and Alstom tandem-Schneider Electric, 4 billion.
In the third quarter, Pharmagest Inter @ ctive (+8.28%) achieved a turnover of 18.88 million euros, an increase of 12.7% over the same period last year.
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