In the wake of Wall Street and especially the severe downturn in Asian indices this morning, the Paris Bourse is scheduled to begin the session in negative territory: a marked decline of 1.64%, according to futures contracts of 8:15. Yesterday, Wall Street indexes ended the session closest to their equilibrium level, the wait was put before the publication of the ISM index, the employment figures and results for the second quarter. Volumes were particularly weak as well.
In Asia, markets are more active, but the trend is downward path including a decline of nearly 1.5% for the Nikkei, shortly before the closing. Nippon index is penalized by a salvo of disappointing indicators released in Japan early this morning. The strong yen also affects Asian indices.
Moreover, euro fell back this morning to the dollar and 1.2258 dollar is treated to eight hours.In terms of indicators, the INSEE published this morning at 8:45, the business survey among households in the month of June And in the euro zone economic confidence in the month of June will be unveiled at 11:00. On the other side of the Atlantic, housing prices will be released 15 hours, Paris time and consumer confidence in 14 hours.
EDF and Total in Christian Estrosi
As for companies, investors will pay close attention this morning to headlines EDF and Total. Indeed, leaders of the two heavyweights of the Paris stock exchange will be received this morning by the Minister of Industry Christian Estrosi to discuss the future site of Dunkirk.
Also in the CAC 40, the general meeting of the Accor group's disintegration should also be very well attended.
The eyes will also towards the group's title parapetrolic Technip.The latter will pay 338 million dollars (275 million euros) to settle a dispute with U.S. authorities on suspicion of having bribed Nigerian officials to win contracts in Nigeria, said Monday the Justice Department.
Moreover, the title Saint-Gobain might react after the announcement of the sale of his division advanced to the American Ceramics CoorsTek for 245 million dollars (199 million euros).
In addition, Suez Environment has launched a bid on Aigües of Sabadell, a Catalan company of water treatment.
Finally, Etam, a specialist in ready-to-be bought a little over one quarter of its capital amounting to 99.2 million euros. The operation follows a major shift in strategy and plan of reorganization."It's time to provide liquidity to our shareholders who do not want us in this strategy," says management. This title will buy "no significant impact on the control of the company," says Etam.