Archive for September 28th, 2011

The Paris Bourse falling off again

Auto Date Wednesday, September 28th, 2011

The Paris Bourse, which opened down slightly declining by 1.09% to 2990.47 points on Wednesday quickly regained balance and symbolically back 0.07% in early trade to 3,021.33 points. However the decline was accentuated in the morning with a decline of more than 1% to 10.30. The day before, was awarded the CAC 40 5.74% to close at 3023.38 points. Same trend in Frankfurt the Dax gained 5.29% and in London the FTSE was up over 4%. On Wall Street, the Dow Jones gained 1.33% and the Nasdaq 1.20%. Wednesday morning, part of Asia continues to rise, but shows a little more caution.

Global stock markets are indeed won by a renewed optimism since the beginning of the week on the ability of Europeans to stop the debt crisis in the eurozone. Europeans should take measures to stabilize Greece and the banking sector.Strengthening the emergency fund indebted countries (EFSF) was particularly mentioned.

On Wednesday, France also formalize and discipline its budget for reducing government deficits and contain the debt. The presentation of the presentation of the draft budget law for 2012 by the Minister of Economy Baroin and budget minister Valérie Pécresse is expected in 17 hours.

The numbers of zero growth (0.0%) in the second quarter were confirmed by INSEE on Wednesday morning. Other macroeconomic indicators are expected across the Atlantic: orders for durable goods in August, the United States will be published at 14.30 and the weekly crude oil inventories at 16:30.

As for the oil markets, a barrel of "light sweet crude" for November delivery lost 1.25 dollars to 83.20 dollars in early electronic trading.A barrel of Brent North Sea crude for November delivery gave 96 cents to 106 paperless payday loans.18 dollars. The previous day, oil had spread over 4 dollars in New York.

The bank to follow

Among the values ​​to be followed, the bank had literally flown Tuesday evolve piecemeal. BNP Paribas sells 1.50%.

Societe Generale (-1.10%) is also seeking to sell its stake in Newedge, a subsidiary jointly owned with derivatives Crédit Agricole (0.62), as part of its plan to sell non-strategic assets, according to Reuters.

Green Bank is expected to announce a sale of assets today, reports the Financial Times. Following the example of BNP Paribas and Societe Generale, Credit Agricole and wants to improve its solvency ratios.The amount of the sale, however, was not known by the British newspaper.

The Franco-Belgian bank Dexia (7.81%) examine options to strengthen its balance sheet but excludes any split in the group, said Tuesday its chairman at the end of a board of directors held fueled many speculation.

Neopost (-1.02%) announced Tuesday an increase of 2.7% of its turnover in the first half (+5.9% excluding currency effects).The solutions specialist courier has confirmed its forecast 2011 and launched a plan to optimize its structures in the United States and Europe which should generate annual savings of about 7 to 8 million euros in 2013 .

Renault (-0.25%) according to a source close to the deal quoted by Reuters, its partner Nissan will invest $ 1.5 billion (1.1 billion) in building a plant in Brazil able to produce electric cars.

Alten (4.55%) must also publish its first half results.

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