The CAC 40 returns under 3900 points - March 22, 2010
The Paris stock exchange should not escape the gloomy trend in global financial markets. At the opening on Monday, the CAC 40 has yielded 0.43% to 3908.55 points. Around 11 hours, the index its widening losses and declining from 0.94% to 3888 points, passing under the 3900 points. This could augur a stronger draft to 3810 points, analysts said.
Only four values of the index's flagship Paris are in green, like EDF (+0.77%), Vallourec (0.45%) or France Telecom (+0.26%).
Same trend on the continent, the Dax in Frankfurt has started declining from 0.36% to 5960.85 points, and plunged in 5950 to 11 o'clock points (-0.65%). And in London, the FTSE-100 index retrograde from 0.84% after opening in fall of 35% over the Friday closing at 5602 points.
In the absence of major economic indicators, investors took profits on Wall Street Friday night.The Dow Jones dropped to 0.35% to close 10,741.98 points. The markets have been particularly burdened by the sectors related to raw materials.
This morning, Asian stock markets are marking time (the Nikkei in Tokyo was closed for holiday). And Friday, European markets finished down slightly after a meeting mainly dominated by technical operations and by tensions within Europe on the Greek crisis. The CAC 40.
No statistics major, either in France or in Europe or the United States is expected on Monday.
Thales wins major contract
New twist in the case of tankers.While Europeans appear again on the trail of the contract to U.S. $ 35 billion, with EADS, the Russian company United Aircraft Corp. of Russia (UAC) is expected to announce formally on Monday they joined via a joint venture to an American company to bid. EADS loose 0.2%, to 14.8 euros on the Stock Exchange in early trade.
The subsidiary of Thales (-0.34% at 29.55 euros), Thales Alenia Space, has been selected by ESA for the manufacture of next generation satellites. The contract, which escapes from EADS Astrium, is estimated at over one billion euros.
Renault (-0.78% to 33.86 euros) and Daimler are tempted to ally payday loan lenders .The two groups are negotiating a cooperation on small voitures.Des exchange holdings are mentioned but unlikely in the immediate future.
Also on the front car, many groups are interested in buying the participation of 20.7% of Renault in Volvo, said Director General of Swedish manufacturer of heavy trucks in an interview to a German newspaper.
Blow to Sanofi-Aventis
According to La Tribune, the heart medicine of Sanofi-Aventis (-1.36%, to 55.8 euros), the Multaq could never be sold. A big blow for the French pharmaceutical group.
Moreover, the reform of American health care system was adopted yesterday. The whole sector will remain under observation on Monday in exchange.For Natixis, this should be favorable view this stock as positive vote "raises regulatory uncertainty and financial constraints on the evolution of the U.S. pharmaceutical market. The total cost of the reform is estimated at 940 billion dollars over 10 years and on 32 millionsd'am?ricains who lack any health coverage.
The operator Bouygues Telecom will launch in early April a mobile phone specifically designed for seniors, a market that is proving increasingly buoyant and which are already present SFR and Orange (France Telecom) since September, said the specialized manufacturer Doro.Titles in open quasi-equilibrium (+0.03% at 37.13 euros)
The Yellow Pages (0.12% to 8.44 eruos) put his hand on the Austrian People 123 and 40 million unique visitors for $ 10 million to 15 million euros.
The Elysee Palace has denied reports that Yazid Sabeg, the current commissioner of diversity and equal opportunities, was chosen to succeed Anne Lauvergeon head of Areva. The titles of the nuclear group are 0.2%, to 377.5 euros.
Analysts said the leadership of France Telecom has the qualities needed to improve its social atmosphere without damaging its financial targets. Social criteria will be considered for the award of bonuses.
A follow today Eurazeo, Seloger.com Transgene and will publish their annual results.