The CAC 40 breath after winning 10.5%
June 23, 2010
European markets take a breather on Tuesday morning, like the Asian and American markets, whose performance has slowed the yuan while the effect fades.
The CAC 40 has opened the session by decline of 0.88% to 3703 points, after a sharp rise and after nine sessions chained up in a row! Thus in nine days, the benchmark index of the Paris rose 10.5% from 3380 points to 3786 points on Monday evening at the closing.
The effect yuan – will easing of monetary policy by the central Banquce China – does not last. That's exactly what he says the downturn in Asian stock markets this morning, the Nikkei finished 1.22% decline.And what happened Monday night on Wall Street, which has erased As his winnings to finish in decline.
The euro resumed its decline late Monday afternoon, and stabilized during the night of Monday to Tuesday to $ 1.23. Meanwhile, China, the Chinese central bank set the yuan's daily central rate – which is the reference rate for the trade – at 6.7980 yuan per dollar, its highest level in five years.
Top of the Committee meeting of the Fed
In Germany, the Ifo barometer, followed closely by investors, will be unveiled at 10:00. At 11:00, the European Central Bank will publish the balance of payments of the euro area. On Tuesday, the new British Minister of Finance presents his budget "emergency" 2010/2011.
In France too, the government prepares new austerity measures.Interviewed by the Financial Times, the secretary general of the Elysee, Claude Gueant, said that measures will be announced in the fall.
At 16 hours, home resales in May, the U.S. will be known when the meeting begins Monetary Policy Committee of the Fed. According to Aurel, the Federal Reserve "will leave once again, its key rates unchanged.
BNP Paribas was downgraded by Fitch
Fitch said Monday it has downgraded the long-term issuer rating of BNP Paribas down one notch, to AA-, but now the investment in solid, with a stable outlook.
Zodiac: -1.2% to 43.6 eurosLe aerospace group announced the acquisition of canadienneCantwell Cullen & Company, specializes in equipment for cable protection.
Bureau Veritas: +2% to 46.2 euros, the biggest increase SBF 120 The Group announced the signing of an agreement with British company to acquire its subsidiary Inspicio Inspectorate, with 450 million pounds (540 million euros). Inspicio is majority owned by British investment company 3i.
Bouygues: +0.1% to EUR35.4 The UMP mayor of Marseille Jean-Claude Gaudin, announced Monday it had accepted the candidacy of GFC Construction, a subsidiary of Bouygues, for renovation of the Velodrome stadium and its approaches, a project costing 273 million euros for the Euro 2016 football. Vinci is thus rejected.
Stock Speculation on European banks is in full swing after the speech of C.Walnut has asserted that they could be facing problems financement.Les banking stocks are struggling: Societe Generale, biggest drop, declining 2.9%, 2.4% BNP Paribas, Credit Agricole 2% . The leaders of GDF Suez, EDF and Poweo participate in a symposium on the power industry.
PSA Peugeot The manufacturer shall make price 500 million of five-year bonds with a 5.625% coupon, a yield of 5.75% and maturing on June 29, 2015. Yesterday, the automotive industry has benefited from the influence yuan. Renault rose 3.56% and 2.44% PSA.
L'Oreal: -0.72% to 82.3 euros Liliane Bettencourt, the richest heiress in the Group announced the adjustment of its tax assets abroad after the revelation of possible tax evasion in connection with the case between the billionaire's daughter.Moreover, the wife of Eric Woerth – the current Minister of Labour previously in charge of the Budget – will resign "in the coming days" of the company since 2007 where she manages a portion of his fortune.
Casino: -0.64% to 64.8 euros Casino announced Monday it had increased from 33.4% to 33.7% its stake in its Brazilian subsidiary GPA (formerly CBD) following an increase capital reserved for him. Grupo Pao de Acucar (GPA), the leading distributor in Brazil, is jointly owned by the Brazilian Diniz family and French retail group.
BPCE The judge Roger Le Loire will conduct an investigation for "illegal taking of interest" on the appointment of Francois Perol head of Banque Populaire, Caisses d'Epargne (BPCE), opposed by unions and opposition .
Auchan According to information from Figaro, Lille distributor sells new vehicles on its website.Other brands will engage, in signing him as a partnership with self-ies.com, leader of the online sales of cars sold off.
The Blues are away
Defeat of France against Mexico on Thursday, referring to Nicolas Anelka on Saturday, the team refused to train Sunday partners French Football Federation (FFF) – Carrefour, Vodafone, Credit Agricole and GDF-Suez – have been strained in recent days, pending a probable elimination of the French on Tuesday.
Alstom holds its general meeting from 14:00.
Sorry, comments for this entry are closed at this time.