The CAC 40 is still under 3500 points - August 28, 2010
The last day of the week rhyme with caution. The CAC 40, which opened on a drop of 0.42% to 3460.35 points, still yielding 0.29% to 3464.81 points shortly after noon. The German Dax loose just 0.07% to 5908.72 points while the FTSE in London fell by 0.10% to 5150.67 points.
Markets follow the footsteps of Asian stock market this morning, had a very volatile sessions. In fact, dominates the wait before the publication of the second estimate of U.S. GDP in the early afternoon and the index of consumer sentiment across the Atlantic.
Add to this the intervention of the President of the U.S. central bank, Ben Bernanke.In a speech that will be closely watched by global markets, it will review the state of the global economy.
On Wall Street Thursday, the two markets already anticipated bad news, including a possible downward revision of GDP and a speech even more pessimistic than previous ones in terms of bad statistics released in recent weeks. The surprise drop in unemployment registration Weekly announced yesterday was not enough to support the Dow Jones finished below 10,000 points.European shares managed to stay in the green but have erased some of their gains late in the day.
Side currencies this morning, the euro was rising against the dollar (0.17%) to 1.2722 dollars in morning trading but came down a little mid-day at 1.2708 euros.
Publications honored
Essilor (-2.24% to 47.120 euros) issued before market net income group share down 1.3% to 197.5 million euros.The world leader in ophthalmic optics, however, confirms its growth target of 5 to 7% of its turnover this year, and a stable operating margin over the rate of 18.2% achieved last year .
Autoroutes Paris-Rhin-Rhone (APRR: + 0.04%) will release its second quarter results after market close on Friday.
Several groups have also published their results Thursday after market:
Lagardere (-1.43% to 28.86 euros) has raised its target of annual operating profit on the basis of a continued upturn in the advertising market.Arnaud Lagardere also said that Canal + France would be introduced on the stock market probably in early 2011.
Stallergenes (1.69% to 57.13 euros) published interim results up and confirmed it expects for 2010 a growth of over 10% of its business and a "significant increase" in operating margin , which was 16.7% in 2009.
Formageries Bel (3.31%) reported sharply higher results in the first half but warned that the rising price of milk in France contribute to the decline in operating margin in the second half.
Bongrain (-0.04%) announced that has released its interim results were up sharply but warned that second half was not as favorable.
Etam (3.24%) reported Thursday a jump in operating profit in the first half thanks in particular to China, but also an increase in its debt.
La Poste wants to join Vivendi
The Post announced Thursday that entered into exclusive negotiations with SFR, the telecommunications subsidiary of Vivendi (1.67% to 17.655 euros) to launch a mobile telephony offer under its brand.
GDF Suez (-0.08% to 24.32 euros) will find a new site to build a power plant in Chile, a project of approximately 865 million euros questioned because of the proximity of the initial site with a nature reserve.
Atos Origin (-1.05% to 30.245 euros) Thursday announced the acquisition of 100% of the shares of Venture Infotek, a leading company operating in the Indian market for means of payment.
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