The return of the long weekend of Easter is prudence in the Paris Bourse. Closed since Friday, the latter has only indication for a mixed close on Wall Street Monday and wait very pronounced in Asia on Tuesday morning. The Cac 40, which had just managed to stay above the figure of 4,000 points on Thursday, started on a slight decline from 0.19% to 4014.29 points. But the trend was reversed in late morning. A trend that has strengthened over the meeting, the Cac 40 ended the session on a gain of 0.55% to 4045.29 points.
Even movement on other European markets: the London Stock Exchange up 0.83% to 6068.06 points and the German Dax-30 rose 0.85% to 7357.40 points.
Publications Burst
As expected, the meeting was very volatile, while many major publications are expected in the United States.The Case-Shiller housing index fell further in February (-1.1%) compared to January, its eighth consecutive month of decline, and also shows a decline of 3.3% compared to February 2010 . Analysts polled by Reuters on average expected a decline of 1.0% a month on another after -1.1% in January (revised from -1.0%), and 3.3% of year to year. Conversely, the consumer sentiment starts again from the front, but off its sharp drop the previous month.
On Wednesday, markets will pay close attention to durable goods orders and especially the Fed decision on rates. Thursday will be marked by the first estimate of U.S. GDP in the first quarter, while Friday is expected the Chicago PMI.
Side business publications, many American trucks reveal their quarterly earnings, including 3M, Amazon, Ford, Microsoft, or Caterpillar.The French will not be left with, among others, Renault, Seb, Klepierre, Bull, Safran, Saint Gobain and Total.
Side currency, the euro lost ground against the dollar on Tuesday. By late morning in Paris, the euro bought 1.4609 dollars against 1.4572 dollars late Monday.For their part, oil prices retreated in Asian electronic trading, a barrel of light sweet crude for June delivery lost 91 cents to 111.37 dollars and that of Brent North Sea falling by 66 cents to 123 dollars.
Air Liquide is better than expected
Michelin: + 5.10% to 66.95 euros (largest increase in the ACC)
The group said Thursday it would raise its target volume growth throughout the year if sales continue at levels experienced in the first quarter, which was marked by a turnover in excess of expectations.
Renault: + 2.72% to 39.44 euros
Nissan, the partner of the manufacturer, said Tuesday that its production in Japan would fall by nearly 60% in April 2011 over April 2010.Moreover, the South Korean affiliate of French (Renault Samsung) and Hyundai Motor will recall over 100,000 vehicles because of manufacturing defects, said Monday the Department of Transportation in Seoul.
Despite these announcements, the manufacturer is among the highest increases in the CAC 40.Peugeot is also well oriented with a gain of 3.96% to 30.34 euros.
Areva unchanged at 31.05 euros, GDF Suez: + 0.63% to 27.32 euros
Both groups must announce within weeks a partnership in offshore wind to meet a tender of 10 billion euros to be launched in France in May, reported Tuesday the daily Les Echos.
Saffron: + 1.83% to 24.49 euros
Six years after the founding merger between Snecma and Sagem, Safran Thursday changed its governance to return to a traditional organization, the Chief Executive Jean-Paul Herteman becoming CEO
Air Liquide: + 0.50% to 98.39 euros
The group announced Tuesday a turnover of more than-expected first quarter and confirmed its forecast an increase in net profit this year.World number one industrial gas produced a quarterly revenue of 3.543 billion euros, up 8.8% excluding currency and natural gas.The only gas and services division posted growth of 11.4% on a comparable basis to 3.185 billion.
Technip: + 0.52% to 76.80 euros
The group won, through its subsidiary, KTI, a contract for ten superheated steam generators for the first phase of an oil sands project in Canada.
Scor: + 1.98% to 19.80 euros
The French reinsurer acquired Transamerica Re, the U.S. division of the business mortality Dutch insurer Aegon, for 630 million euros, becoming the second life reinsurer in the U.S., according to a statement.
Eurazeo: -0.26% to 56.65 euros, OFI Private Equity Capital: 12.91% + 10.41 EUR
The investment company said Tuesday the acquisition for 132 million euros of OFI Private Equity Capital, an investment company that specializes in French SMEs currently controlled by the mutual insurance group Macif.
Biomerieux: + 0.37% to 73.56 euros
The group published a turnover up 3.5% in the first quarter.
Valeo: 1.61% to 42.36 euros
The group said Thursday sales rose sharply in the first quarter and said he was confident he will continue to grow faster than the market in 2011, but did not detail his ambitions for the full year.
ADP: + 0.46% to 63.64 euros
The group said they had been exploring the possible sale of the control group Alyzia specialized in ground handling operations for airlines and airport security.
First A380 to Montreal
Air France-KLM: + 1.17% to 11.63 euros
The first Airbus A380 carrying the scheduled Air France between Paris and Montreal landed Friday at the PE airportMontreal Trudeau.
Europacorp: – 8.17% to 4.37 euros
The group has once again launched Thursday a warning on its results 2010-2011, warning that the expected loss for the year would be greater than those anticipated by the market, partly because of new provisions.
L'Oreal: -0.02% to 85.66 euros
The general meeting of shareholders on Friday renewed almost unanimously the appointment as director of the heiress Liliane Bettencourt group, 88 years, for a period of four years.