For this last week's meeting, the CAC 40 struggled to take off, after surging 1.41% on Thursday. The index in Paris rose 0.20% to 3976.95 points. In London, the FTSE rises 0.33% to 5900.57 points while in Frankfurt the Dax advance of 0.12% to 6942.03 points.
The caution is when the problems of sovereign debt of countries of the European Union back to haunt the markets. Fitch and Standard & Poor's (S & P) lowered the rating of sovereign debt by two notches from Portugal, because of "increased political uncertainty" that has shaken the country since the resignation of Prime Minister Jose Socrates.
European leaders are meeting just since Thursday in Brussels to find a way to fly to the rescue of the country and avoid a domino effect.They endorsed the night of Thursday to Friday a comprehensive system of defense against crises of debt that carries the actual capacity of the Fund's lending support to countries in the Eurozone in trouble from 250 to 440 billion euros.
The Japanese nuclear supervision
In addition, the Japanese nuclear situation remains worrying. This Friday, the operator of the plant in Fukushima, Tepco, said that the work of rehabilitation of the plant could take another month because of the difficulties encountered by workers to cool the reactors.
In Libya, fighting continued between armed forces of Colonel Gaddafi and the coalition forces.The NATO countries have agreed on Thursday to take command of military intervention and will next week over the coalition led by France, Great Britain and the United States.
U.S. GDP revised upward in 2010
However, operators should carefully monitor the indicators of the day. On the menu this Friday:
– French GDP in the fourth quarter. Insee said Friday it has revised upwards to 0.4% growth in gross domestic product of France in the fourth quarter of 2010 compared to the previous quarter. A first estimate published on Feb. 15 gave an increase of 0.3%.
– The French consumer confidence has deteriorated more than expected in March, returning to its level of last July partly because of fears about price trends, shows the monthly business survey released Friday by the INSEE .The composite indicator of consumer confidence has emerged after 85 to 83 in February.
– Money supply M3 in the euro area rose by 2% in February (+1.5% in January).
– The barometer Ifo business climate, the main index of business confidence in Germany fell to 111.1 points in March, ending nine months of increases in a row and a record high of 111.3 points in February, according to figures released Friday.
– Overseas, economic growth accelerated sharply in the fourth quarter – GDP grew by 3.1% against 2.8% forecast by the Ministry of Commerce and 2.9% by analysts – allowing States USA finished 2010 on a rise better than expected at 2 paydayloans.9%, according to figures released Friday in Washington.
As for currencies, the euro was stable against the dollar at 1.4166 dollars against 1.4168 on Thursday.
On oil markets, a barrel of light sweet crude for May delivery yielded 3 cents to 105.57 dollars. That of Brent North Sea crude for May delivery gained 21 cents to 115.93 dollars. "Oil prices remain high due to geopolitical tension and underlying factors that support lessons, and this dynamic market seems set to continue," note analysts at Barclays Capital in a note.
Values to follow
Farm Credit: + 2.22% to 12.20 euros
Farm Credit has the highest increase of ACC on Friday, while BNP Paribas qu'Exane initiated coverage of French banks with a buy recommendation on the green bank.The analyst opinion adopted a "outperform" on the Crédit Agricole, with a target price of 16.70 euros.
Edenred: + 0.33% to 21.34 euros
Edenred the group's title, after the split in July with the Accor hotel group, continued his progress on Friday, still worn by various rumors about a possible takeover of the company or paying a special dividend. The work took more than 18.5% over the last five sessions
Eurazeo: + 5.03% to 55.75 euros
The group announced Friday the creation of value target of two billion euros by 2014, a goal that comes as the investment company just return to profit in 2010.Moreover Eurazeo and fund Colony Capital exclude launch a bid for hotel group Accor, which they together hold 32.79% of voting rights, to come into compliance with new regulations, said Friday Patrick Sayer, Chairman the Executive Eurazeo.
Schneider Electric: + 0.72% to 119.40 euros
The group announced Thursday it had acquired US Summit Energy specializes in services for Energy, for $ 189 million.
Lagardère: -0.45% to 30.03 euros, Vivendi: + 0.25% to 19.74 euros
Canal + will launch at the end of a free television channel, announced the CEO of the encrypted string in an interview with Le Figaro.
TF1 (-4.02% to 12.90 euros) and M6 (-2.52% to EUR 18) react badly to the news.
Lafarge: + 0.84% to 44.25 euros
Based on a review of the MFA, the Egyptian Sawiris family increased its shareholding in cement producer of over 14% in March.
EDF Energies Nouvelles: -0.53% to 35.75 euros
The group announced Thursday it had signed two contracts in Canada of electricity supply in 20 years with Hydro-Quebec for wind projects totaling 49.2 megawatts.
France Telecom: + 0.03% to 15.69 euros
Polish operator TPSA its announced Thursday it had sold its subsidiary Emitel $ 1.7 billion zlotys (423 million euros) at the bottom of Montagu Private Equity.
The Bel Cheese must publish their annual results this Friday.