The Paris markets continued in the red

In continuation of Tuesday's session that saw the CAC 40 index registered its biggest drop at the closing for over a year the Parisian markets should continue to be more cautious as this Wednesday. The CAC 40 index opened down 0.76% to 3815.39 points.

The euro continued to exchange at its lowest level in a year against the greenback on Wednesday in Tokyo, under pressure from concerns over public deficits in Europe, including Greece and Portugal. The euro was at 1.3167 dollars, its lowest level since April 29, 2009.

Bank stocks back in the spotlight

Once again this will most banking stocks to watch, after they posted the largest declines the CAC 40, Tuesday.Natixis Private Equity, moreover, has changed its CEO, while Natixis has closed the sale of its subsidiary equity firm AXA Private Equity.

Investors will also follow the values and Renault cars, after the manufacturer announced an increase of 28.4% of its turnover in the first quarter.

Other companies on Tuesday, Unibail-Rodamco – sales were down 0.9% in first quarter 2010 – Seb – up 10.9% of sales at constant exchange rates – and CFAO, a subsidiary of PPR – decrease in sales of 2.5%.

On Wednesday, Rhodia has posted a profit of 69 million euros for the first quarter of 2010 and a turnover up 23% to 1.176 billion euros.

Dassault Aviation displays a turnover up 50% to 821.4 million euros in the first quarter of 2010 pay day loan quick.

The reinsurer Scor has divided by three to 36 million euro net profit in the first quarter of 2010.

Followed after-hours trade turnover of the first quarter of PPR.

Air France-KLM's return to Madrid Stock Exchange, Thursday, the company will report Amadaeus travel reservations at best 210 million euros to Air France, which holds 23.1% stake, the newspaper La Tribune.

Alstom is part of a consortium that participates in the tender for the construction of a subway in Panama, a project of 1.5 billion, told Reuters the country's ambassador in Paris.

Vivendi said on Tuesday it held 99.17% stake in Brazilian operator GVT at the end of the auction process conducted as part of its bid.

Group OL: Olympique Lyonnais football club owned by OL Groupe, was eliminated Wednesday night in the semifinals of the Champions League, beaten 3-0 at home to Bayern Munich.

A decision on rates by the Fed

On the macroeconomic front, the news will be especially marked in France by publishing the number of corporate failures in November 2009 by the INSEE.

Overseas, investors monitor stocks around 16:30 weekly crude oil and the statement that the Fed will issue to 8:15 p.m. on interest rates. In all likelihood, it should announce it will keep.

April 28th, 2010 in business, international, opinions, top news, world | tags: , , , ,