The CAC 40 flirting with the balance

While the Asian stock markets declined sharply on Monday morning, the Paris financial markets following the trend on Monday. The CAC 40 was down 0.68% to 3 476.07 points. The mood is similar to the other two strongholds of the Exchange in Europe: the UK FTSE-100 index lost 0.43% to 5 136.82 points and the Dax 30 shows a slight decline from 0.09% to 6 037.87 points.

The macroeconomic environment remains uncertain especially overseas. Chinese Premier nonetheless sought to reassure investors on the country's economic growth. "Everything goes as planned," he said Monday.

Until the release of stress tests on European banks on Friday, the week will be especially marked by the rise of the results announcements in Europe and the United States. On the macroeconomic front, the day will be rather quiet.Only the ECB will publish its figures on the balance of payments of the euro area to 10 hours.

On the currency markets, the euro resists and remains above the $ 1.29 mark Monday morning (0.09%).

Eurotunnel sanctioned Exchange

Eurotunnel: 2.86% to 5.8 euro

Despite a sharp rise in turnover (+22% to EUR 144.4 million), Eurotunnel reported a net loss of 44.8 million euros, up more than 36 million euros compared to 2009 in the same period. Contracts awarded on the cons-performance: the action loses 2.86% to 5.8 euros and is on track to record its fourth consecutive decline. At this time, Eurotunnel has lost more than 7% in four days.

This afternoon it was the turn of Edenred, two weeks after its IPO, Guyenne et Gascogne, HF Audika Company and to disclose their turnover in the second quarter.Soitec publish its turnover in the first quarter.

GDF Suez: + 0.80% to 24.52 euros

GDF Suez is preparing a cash offer of 6.4 billion pounds (7.6 billion euros) on the British electricity group International Power, confirming a report in The Mail on Sunday. In previous discussions on an alignment between the two groups had lasted several months before a halt in January, the newspaper said payday loans in 1 hour. For its part, International Power shows a net increase of 9.38% to 346.50 pence in London Bours.

Club Med: 1.58% to 14.50 euros

BMB Group, an investment company in Brunei, has denied information from the Sunday Times that she had planned to bid for Club Med 800 million euros.BMB Group, which manages funds for the family of the Sultan of Brunei, have the support of three of the four major shareholders of Club Med, according to British newspaper, citing unidentified sources close to the situation.

EADS -0.24% to 16.38 euros

At the Salon of Farnborough (South London) that opens Monday until July 25, EADS should reassert its confidence in its chances of winning U.S. tanker contract for Boeing cons. The parent company of Airbus is ready to strengthen the United States for eight billion dollars.

The bank in trouble before the stress tests

Partouche: -5.07% to 2.06 euros

The Partouche group will make a capital increase of approximately 100 million euros to reduce its debt and improve financial liquidity of the group of casinos.The subscription price is set at two euros per share while the subscription period will run from July 20 to August 2.

ADP: -0.97% to 53.08 euros

ADP announced that its passenger traffic rose 2.3% in June over a year.In the first six months of the year, traffic appears down 2.1%.

Axa: -1.16% to 12.74 euros

National Australia Bank (NAB) on Monday agreed with its Asian subsidiary Axa and Axa Asia Pacific (AAP) to extend until Aug. 31 offer of 11.5 billion dollars on NAB PAA.

Finally, four days after the publication of stress tests, banking stocks widen losses: Societe Generale was down 2.05% to 35.56 euros after losing more than 5% last week, BNP Paribas 1.17% loose to 46.51 euros, after having dropped nearly 6% a week ago, and Credit Agricole was down 1.90% to 8.76 euros following a loss of just under 2%, one week.

July 19th, 2010 in economics, finance, people, publications, top news | tags: , , , ,