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The CAC 40 continues its forward march

After playing the "yo-yo these days, the CAC 40 continues to move closer to 4000 points. So much so that the index confirms its Paris flagship positive trend since the beginning of the year (0.46%).

This is especially gradual return to the announcement of the Fed to keep "for a very long time" rates to very low levels, to continue to support economic recovery. However, after climbing from 1.23% Tuesday, the progression of CAC 40 slows, the Paris index advancing by 0.54% to 3960 points.The London Stock Exchange evolved also in the green mid-term review, the Footsie-100 index rising 0.52% to 5649 points while the Dax in Frankfurt Stock Exchange advanced 0.76% to 6016.5 points

Deficit: 14 countries of the EU under scrutiny

Investors keep an eye on the report published by the European Commission on evaluation of efforts to reduce deficit of fourteen countries of the European Union, including France, the United Kingdom, Germany and Spain. The Director General of the International Monetary Fund, Dominique Strauss-Kahn, should also deliver a speech to Parliament.

On the macroeconomic front, start-ups in France jumped 12.9% in February compared to January, with a record 57,748 new businesses created, "INSEE announced Wednesday.They were down 8% in January.

Across the Atlantic, are scheduled this afternoon, the producer price for the month of February and the weekly inventory of crude oil. Moreover, the Organization of Petroleum Exporting Countries is scheduled to meet Wednesday in Vienna.

Alcatel-Lucent plunges

Atos Origin (-3.05% to 36.36 euros): According to a report in Le Figaro, the group covets a giant electronic payments be for sale by Royal Bank of Scotland.Thierry Breton, CEO of Atos Origin has declined comment.

EADS (-0.92% to 14.50 euros): Nicolas Sarkozy and Angela Merkel expressed once again concerned about the conditions of the bidding for the tanker market in the Air Force American and urged the United States to resist protectionist temptations cash advance in one hour .

Other values down this Wednesday, is Alcatel-Lucent. The group has been a decline of recommendation by analysts at Goldman Sachs from "buy" to "neutral." The Alcatel-Lucent shares decline by 2.09% to 2.48 euros.

Bourbon honor

Mr Bricolage (5.15% to 14.10 euros) has announced an increase of 23.8% of its 2009 operating profit at 39,7 million with a turnover of 547.5 million (+6.2% ).Net income, group share, in contrast to declining 36.1% to 21.4 million, while fiscal 2008 incorporated a capital gain of 14 million.

Stallergenes (+1.93% at 58.20 euros) Tuesday reported an increase in its results, its dividend and its cash in 2009 and has said it expects an increase in its margins and its activity in 2010 with the lower costs of studies on the product Oralair desensitization.

JC Decaux (+0.84% at 19.70 euros): the rating agency Moody's raised its rating outlook to stable from negative cons before.

Publicis (+1.16% at 30.99 euros): Members of the Executive's advertising group gave up their bonuses for 2009.This decision relates to Maurice Levy, chairman of the group, and David Kenny, Jack Klues, Jean-Yves Naouri and Kevin Roberts.

Bourbon (+9.30% at 29.34 euros): the marine services group announced Wednesday a net profit of 155.4 million euros in respect of 2009, against 224.4 million in 2008. It is therefore a decrease of 30.8% in 2009.

After market, Ingenico (+0.35% at 17.36 euros), Dassault Aviation (-0.96% to 546 euros) and Hi-Media (-0.53% to 5.68 euros) will publish their annual results, and GFI Informatique (-0.34% to 2.90 euros) results for fourth quarter 2009.

An oil "perfect price"

Why change anything when everything goes well? A $ 80 barrel of oil, "There is good demand, offering reliable, the perfect price," assured the Saudi Oil Minister Ali al-Nuaimi, also leader of Saudi Arabia in OPEC (Organization of Exporting Countries oil), on his arrival in Vienna, which is held on Wednesday a ministerial meeting.

In a market held in equilibrium, the cartel members and interest to "leave things as they are, namely a level of production quotas of crude at 24.84 million barrels per day (bpd ). A figure that has remained unchanged for the fifth consecutive time, since 1 January 2009.

At the time, where the black gold was very different. During the winter of 2008-2009, the barrel (about 159 liters of oil) has d?grindol? nearly $ 30 after having flown over 140 dollars.Since early 2009, crude resumed colors to stabilize between 70 and 80 dollars – with minor flooding – since June 2009.

Compliance with quotas

Several ministers, however, claimed on arrival in Vienna a better respect of production quotas. A call to discipline and could be included in the final communique of the meeting, as stated by the head of the delegation, Shukri Ghanem.

According to the International Atomic Energy, the cartel produced 7.5% more than its official target. In February, the production of the eleven member countries subject to quota, excluding Iraq, reached 26.7 million barrels per day.

The OPEC members recall the persistent weakness of oil consumption, noting that the market was choked by excessive production, with stocks still too high.With economic recovery, demand will indeed grow and absorb the surplus.

Demand will grow

The representative of Saudi Arabia, a country that respects all of its quota of 8 million bpd, however, seemed to consider the issue of discipline was irrelevant.

"If there was no demand (for oil), there would be no exceedances" of allowances, said the Saudi leader of cartel expects that demand continues to grow , "especially from Asia. This increased demand will be particularly supported by China.

The global oil demand should increase by about one million barrels per day in the second half, according to him.

"OPEC could do very little" to align its quotas on its actual levels of production, and "it could even benefit from positive publicity if it took a measure encouraging economic recovery," but "it is d 'a cautious and conservative organization, which prefers to act behind the scenes, analysts concluded the firm JBC Energy in Vienna.

Changing course in September?

"I expect that prices remain quite well until the end of the year, despite the surplus production, thanks to" the recovery, the weakening U.S. dollar "and geopolitical uncertainties, said Algerian Oil Minister and Mines, Chakib Khelil.

While the outcome of Wednesday's meeting seems already set, expectations are already running to the next installment: the next meeting in September.Chabib Khelil said in effect to 50% probability is that OPEC's quota in six months.

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