The Paris Bourse continued its warm its advance Thursday. The CAC 40, which has evolved in the green throughout the session, buoyed by the good mood on the markets this morning asiaitques, has skyrocketed with the opening on Wall Street very opima. The index closed the day on a good increase of 1.99% to 3867.97 points.
Other European stock markets followed the same path, like the Frankfurt Dax, which climbed 1.97% to 6832.11 points, a highest since June 2008, more than two years-and the FTSE in London, which ended up 1.34% to 5768.71 points.
Without disappearing, worries about the financial health of Ireland and several other European countries seem to subside after having weighed heavily on global indices in recent days.Furthermore, good economic indicators in the U.S. and the sensational debut of General Motors on Wall Street have given a fillip to U.S. Index, which climbed more than 1.5% at the close of the Stock Exchange Paris.
The slight increased confidence was reflected this morning on the foreign exchange market. The euro regained ground against the dollar, climbing above the $ 1.36 threshold. Around 17:30, the euro bought 1.3600 dollars against 1.3530 late Wednesday.
On Thursday, the macroeconomic side, INSEE announced start-ups down in October, 8.5% from the previous month, despite creations under the status of the entrepreneur.
Current accounts of euro area recorded a deficit, seasonally adjusted data, from 13.1 billion euros in September after a negative balance of 6.9 billion euros the previous month, said Thursday the central bank European.In addition, the ECB has revised the deficit down slightly in August, initially reported 7.5 billion euros.
Also in the news macro, after a slight slowdown, growth in France should gradually recover, but unemployment will remain high, according to new forecasts Thursday of the Organization for Economic Cooperation and Development (OECD).The organization now expects growth of 1.6% in France in 2010, 1.6% also in 2011 and 2% in 2012.
In early afternoon, the attention has been paid, the Atlantic, the weekly listings on unemployment and manufacturing index for November in the Philadelphia area, better than expected, and the index of leading indicators October, in line with expectations.
Only Alcatel-Lucent and Natixis down
As for values, found the bank of beautiful colors, thanks to an improved market sentiment on the issue of sovereign debt of European countries. Societe Generale takes the lead sector (3.18% to 42.82 euros).The bank brings in its wake Credit Agricole (1.31% to 11.20 euros) and BNP Paribas (2.56% to 53.64 euros).
The top of the ratings on the CAC 40 illustrates Schneider Electric (6.01% to 109.30 euros), Peugeot (5.64% to 30.65 euros) and Accor (4.10% to 32.10 euros).
The financial director of PSA Peugeot Citroen, Frederic Saint-Geours said Wednesday that the debt ratio of the group in early 2011 would be consistent with a return of the credit rating investment grade. He also said he was "logical" to repay the balance of two billion euros of public anti-loan crisis in April stating that no decision had yet been taken. The entire auto sector climbs on the Stock Exchange on Thursday, with the successful IPO of General Motors on Wall Street Thursday.Renault and ahead of 3.72% to 42.90 euros.
Carrefour (2.62% to 38.96 euros) will not sell its operations in Malaysia because of takeover offer interesting and now invest in enhancing its presence in this market, said its managing director, Lars Olofsson, the Wall Street Journal. Carrefour looks even more growth opportunities in the region, including the acquisition of Matahari Putra Prima in Indonesia, he added.
France Telecom (1.36% to 16.82 euros) said Wednesday that the group may consider share buybacks to return cash to shareholders.
Side down, only Alcatel-Lucent (-0.92% to 2.15 euros) and Natixis (-0.13% to 3.84 eruos) are shown in red.
Air France KLM in form
Air France KLM was warmly applauded. The airline announced Wednesday evening to have returned to profits in the first half.It notes in passing its target of operating profit to more than 300 million euros for 2010-2011.The Exchange appreciates: securities jumped by 5.71% to 13.97 euros, the second largest increase in the SBF 120 after Schneider Electric.
Bourbon (0.93% to 31.42 euros) announced Thursday it had sold its stake in Bourbon Tay Ninh Sugar Factory with a group of Vietnamese investors for a $ 34 million.
Sanctioned Wednesday, as Safran (5.16% to 22.64 euros) is still guarded Thursday after the AMF has asked the company to clarify its intentions on its competitor Zodiac (-1.72% to 51.97 euros) by Friday before the opening of trading.
Yellow Pages (-0.53% to 7.49 euros) on Wednesday announced a new hope to show turnover up in 2011 with the development of ads on mobile phone and internet.
The independent directors of Axa Asia Pacific are now unanimous in supporting the bid of 13.1 billion dollars from its parent company Axa (1.61% to 12.93 euros) and Australia's AMP, which suppresses A major barrier to the operation.