Received, two on two! Wednesday after Portugal, Spain and Italy have passed their test in the financial markets Thursday. The only problem is that the two countries have conducted such operations in interest rates sharply higher: 4.542% for Spain (against 3.387% in the previous issue) and 3.67% for Italy ( against 3.24%).
As a result, the CAC 40 moved closer still just over 4,000 points at 3974.83 points exactly. The index in Paris Will it ended the week by breaking the psychological barrier? It would take an increase in the CAC 40 0.63% reach the milestone. Nothing is less certain, after Wall Street finished Thursday down slightly disappointed by the increase in weekly jobless claims.
And especially after the International Monetary Fund (IMF) has urged caution after the success of these bond issues.The IMF considers that Europe is still struggling to reassure investors.
Trading volumes higher
At the opening, the CAC 40 index opened slightly lower Friday morning: -0.34% to 3961.04 points. At the London Stock Exchange, the FTSE-100 fell by 0.11% to 6017.25 points, the Frankfurt Stock Exchange, the DAX 30 lost 0.28% to 7055.42 points.
Amidst all these economic uncertainties, there are still signs of hope: the trade volumes have returned to normal levels even higher. Thursday, 4.8 billion euros were traded and 4.2 billion on Wednesday.
On the macroeconomic front, are scheduled:
In France:
– The benchmark index reached 119.17 in rents in the fourth quarter of 2010, according to figures released Friday by the INSEE.In one year, increases of 1.45%.
In Europe:
– Sales of new cars fell 5.5% in 2010 in the EU compared to the previous year at 13.36 million cars.
– Foreign trade in November (11:00) and the second estimate of inflation in December (11:00) in the euro area
United States:
– Inflation in December (14.30)
– Retail sales in December (14.30)
– Industrial production in December (15.15)
– The first estimate of the index of consumer confidence from the University of Michigan in January (3:55 p.m.)
– Inventories and business sales in November (16 hours)
On the currency markets, the euro fell back against the yen at 1110.39 (-0.1%), and continued its momentum against the dollar at 1.3372 (+0.18%).
Carrefour confirms its objectives
Carrefour: 1.99% to 34.06 euros
Carrefour on Thursday confirmed its objective of operating income during 2010. The group last year recorded a growth of 5.8% of its sales to current exchange rates, thanks to the good performance of emerging countries payday loan.
Technip: 1.54% to 74.97 euros
Technip announced Friday it had won a contract from Chevron for the field development Jack and St. Malo, located in a water depth of approximately 2100 meters in the Walker Ridge area in the Gulf of Mexico.
Accor: 0.98% to 35.45 euros
Accor announced the sale of the walls of 49 hotels in France, Belgium and Germany to a consortium of Predica, Crédit Agricole subsidiary of Insurance (80%), and Land Walls (20%), amounting total of 378.4 million euros.
Renault: +0.40% at 48.44 euros
The complaint against X Thursday by Renault industrial espionage which he says victim is a foreign corporation, said the Paris prosecutor.
For his part, Peugeot climbed 1.38% to 32.32 euros, despite the decline of 5.5% of new car registrations in the European Union last year.
Intel's results boost values computer
After the good results on Thursday from Intel, the computer values show the largest increases in the CAC 40: Cap Gemini rises from 1.43% to 36.23 euros, ST Microelectronics rose 1.32% to 8.98 euros.
Aeroports de Paris: +0.08% at 59.05 euros
The government and airline officials agreed Thursday in a dozen measures to better cope with falling snow have disrupted traffic in late December.
Sanofi-Aventis: 0.29% to 51.95 euros
The U.S. ally Sanofi-Aventis, Bristol-Myers Squibb said Thursday the recall of 64 million tablets of Avalide, a treatment against hypertension in the United States and Puerto Rico.Moreover, the French laboratory hopes to conclude its takeover bid for Genzyme around $ 76 per share against 69 previously.
Bank stocks battered
Despite the success of bond issues, bank stocks were battered on Friday: Societe Generale, biggest drop of the CAC 40 lost 1.79% to 44.40 euros, Natixis was down 1.11% to 3.84 euros, Credit Agricultural loose 1.01% to 10.30 euros and BNP Paribas dropped 0.93% to 51.21 euros.
First U.S. bank to issue this year, JP Morgan Chase will present its fourth quarter results on Friday to 13 hours.
Stallergènes: -0.02% to 58.89 euros
Stallergenes reported Thursday of a rise of 12% of its turnover in 2010 but he confirmed anticipate a slowdown in growth for its new fiscal year.
Veolia: -0.57% to 22.77 euros
The city of Paris should entrust its lighting contract of 900 million euros sweat ten years to a consortium consisting of Bouygues (-0.09% to 33.11 euros) and Vinci (+0.05% at 41.22 Euro) at the expense of a subsidiary of Veolia Citelium, and EDF (+0.34% to 31.2 euros), according to Les Echos.