If the political and economic affairs on the international scene, often tense, until then encouraged investors to be wary, it seems Thursday that the good results and sales of French firms that have published this Thursday morning (France Telecom, Sanofi-Aventis, Suez Environnement, etc..) Wednesday night and were due to their arbitrage: the CAC 40 index futures are predicting an opening in the green, up 0.7% to 3823 points.
A clear upward trend, while for several days, the wait has spread in the markets. Between ASEAN held this Thursday, the EU summit in Brussels around economic governance today and tomorrow, amid internal tensions and mid-term election across the Atlantic early next week operators have good reason to wait before forming an opinion.
Operators suspended from the Fed
But most importantly, a financial point of view, the Fed, Federal Reserve, also meets next Tuesday and Wednesday, and its monetary policy guidelines, which are the subject of speculation to the death, will be crucial in arbitrations to take, especially on the foreign exchange market.Monetary easing is expected, but the scale and pace are not known.
The euro will depreciate just yet on Thursday, following a strengthening dollar, which was initiated after the publication of an article in the Wall Street Journal saying that the Fed was going to throw a leg (called the Quantitative Easing 2 ) less than expected by some analysts, who were calling them 'big bang'!
In Asia, while Japan's central bank held rates unchanged between 0 and 0.1%, the Nikkei evolves close to equilibrium, but the other exchanges in the region are part of the green.Wednesday, Wall Street ended slightly lower.
Statistics to monitor this Thursday
Macroeconomic side, in France, producer prices rose 0.3% in September in France, a growth above expectations, show statistics released Thursday by the INSEE.
Médiamétrie published the first French study on measuring the hearing of the mobile Internet: the top 20 will be highlighted in 10 hours.
In the euro area, 11 hours, we will take note of economic confidence in October. In Germany, unemployment for October will fall to 10 hours.
United States, only statistical scope: the weekly claims for unemployment benefits (1430).Yesterday, the distributor Procter & Gamble stressed the lower consumption of American households, who save more.
Publications Wednesday night and Thursday morning
The French insurer Axa has recorded the first nine months of the year sales up 3.5% to 70.462 billion euros, above market expectations, supported by emerging markets and by tariff increases.
Renault has raised its forecast for growth of the automobile market in 2010 and costed its annual target of free cash flow after a good strength of its sales in the third quarter despite the late scrapping instant payday loan.
France Telecom said Thursday it had achieved third quarter sales of 11.6 billion euros, up 1.1%, and confirms its commitment to pay a dividend of 1.4 euros per share for fiscal Financial from 2010 to 2012.
Sanofi-Aventis raised on Thursday its annual target growth in earnings per share, after completing the Third Quarter earnings up over 13% and recorded a turnover up 5.7%, thanks to currency effects.In addition, the Director General Chris Viehbacher felt it was "not at all clear" that Sanofi is the price offered by Genzyme and rejected it as part of a takeover bid.
Technip has been revised upward Thursday its operating margin targets for 2010 and announced the results down in the third quarter, but broadly in line with analysts' expectations.
Areva has released Wednesday evening sales up 6.3% in the first nine months of 2010, particularly through its activities in the reactors.
Ipsen, whose sales rose 12.4% in the third quarter, said he was optimistic about its prospects for drug sales throughout the year.
The turnover of Nexans rose 2.8% in third quarter 2010 to 1.566 billion euros.The cable manufacturer has also expressed its readiness on Wednesday to begin negotiations with rival Dutch Draka despite the end of inadmissibility oppposée by the latter to its plan to bid.
Suez Environment, specializes in water management and waste, confirmed Thursday its annual growth targets that were identified during the summer, following the publication of a sales and operational performance up to nine months.
The French software developer Dassault Systèmes (DS) on Thursday posted a turnover for the third quarter up 38.4% over one year to 403.6 million euros, and announced to raise its 2010 targets.
The Belgian group Solvay Chemical saw its net income fall to just 11 million euros in the third quarter, against another 160 million a year earlier, notably following the sale of its pharmaceutical division, according to results released Thursday.
Are expected tonight after the close of trading: PPR Toupargel, EDF EN, Dried, Latecoere.
The world's leading luxury has informed the AMF that it planned to prosecute, where appropriate, its purchases of shares Hermes. The group led by Bernard Arnault, who owns 17.1% of Hermes, said it had acquired financial instruments contracts on securities saddler in the first half of 2008.
Nissan recalls mass
Nissan recalls 2.14 million vehicles worldwide for a problem of electrical relay in the engine control system
The Japanese retailer Aeon hub will be a candidate in the second round for the purchase of Carrefour stores in Singapore and Malaysia, but will not bid for the assets of French in Thailand.