The CAC 40 ended with a quick rebound
July 3, 2010
Investors had their eyes riveted on the U.S. who published the highly anticipated monthly report on employment. Result: In June, the U.S. economy has eliminated 125,000 net jobs against the 100,000 expected. The creation of 83,000 jobs are expected by cons 112,000 contracts. But it is better than the 33,000 the month of May In contrast, the unemployment rate declined to 9.5% against 9.7% the previous month. It is the lowest since July 2009, while analysts expected a rise to 9.8%.
The Paris market, which has lost more than 5% since Monday, seemed already to have incorporated in the new indices, because the investigation Wednesday unveiled ADP figures worse than expected employment privé.Le CAC 40 ended the week up 0.25% to 3 348.37 points.But that does not display a Parisian index down nearly 5% on the week.
Thursday another statistic has been supported with recent claims of unemployment rose 13,000 to $ 472,000 in the figures as at June 26, while economists on average expected a decline to 452,000 over the figure of 457,000 originally announced. This does not suggest the best for this afternoon.
Note that the meeting in Paris will be exceptionally today around 41 values because of two new entities of Accor.
Bank stocks. The banks borrowed yesterday less cash than expected to the ECB, were reassuring. But, according to the Financial Times, a score of banks would be forced to raise capital after testing resistance.Societe Generale 33.585 to yield 0.84%, BNP Paribas 1.72% to 44.24%, Credit Agricole stabilizes.
Edenred (new name of Accor Services) made its market debut. The award technical reference of the title was set at 11.40 euros, a figure which is located in the lower range of 11-14 euro advanced Tuesday by the chairman of Accor at its general assembly and lower than its During Thursday on the gray market, which was around 12 euros depending on traders. In the first exchanges, the title earned more than 24% to 12.24 euros.
Accor is mishandled and lost 5.18% to 23.420 euros. According to Les Echos, the group is also about to give the caterer Rail Wagons-Lits to French Newrest. Moreover, according to the newspaper, the proposed IPO of Lucien Barriere, another subsidiary of Accor, will be presented to analysts on July 7.
GDF Suez (EUR 22.99 0.86%). Standard & Poor's said on Thursday lowered the outlook notes A/A1 group's "positive" to "stable", judging unlikely that the group achieves and maintains financial circumstances justifying an increase in his notes.
BNP Paribas and BPCE, the parent company of Natixis announced an alliance in consumer credit, which will require the development of a common platform operational from 1 January 2013. The BNP Paribas gained 2.09%. Natixis yield 0.41%.
Schneider (0.59% to 81.37 euros) said Thursday it was in talks with the city of Ashgabat, Turkmenistan, on the renovation of the city's power grid. The Tribune reported Friday that the group has secured this contract, the newspaper figure at 1.3 billion dollars (1 billion euros).
LVMH (+0.34% at 85.49 euros) is about to acquire a Brazilian company, the leader of the country of the online sales of perfumes and cosmetics.
Beneteau lowered from 17% to 15% of its target revenue growth for fiscal year 2009-2010 within the scope of delays in deliveries of vessels. The builder of sailboats and motorboats, however, confirmed its target of operating profit to 37.5 million for its fiscal year ending in late August. The title resists: he won 3.32% to 11.06 euros.
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