
Keywords: Scholarship, PARIS, Eiffage, Euler Hermes, Veolia.
The aid plan for the eurozone has reassured the markets. In Paris the CAC 40 flew more than 9%. The bank climb progressions approximately 20%.
Phew! After the Greek rescue plan failed to convince investors, European plan negotiated this weekend is warmly welcomed!
In Paris Using millliards 750 euros enables the CAC 40 9.66% fly at the fence. The CAC 40 has signed one of the best daily performance in its history, dating back more than twenty years. It has virtually erased the losses accumulated last week. In just four days, the ACC had plunged more than 11%. Since its inception more than twenty years, the CAC 40 had only two increases above.
The banking sector has exploded all the performance, with increases of around 20% for the major French banks.
The rest of Europe also applauds:
In Frankfurt, the DAX rises 5.30% to 6017.91 points, the FTSE gained 5.16% to Londes 5387 points. In Italy, the FTSE Eb wins 11.28% at 20,145 points. In Athens, the Exchange has closed on a gain of 9.13% to 1779.30 points. In Belgium BEL 20 climbed 9.37% in Madrid, the IBEX-35 ended with a historic 14.43% rebound.
The announcement effect is very strong on Monday after a week worrying about the markets: the CAC40 lost 11.12% over the past week, its lowest level since July 2009.
The market reaction following the weekend's negotiations in Europe is very important because it strates a renewed confidence of investors in reaction to economic problems in the European Union.
The euro has already bounced sharply last night against the dollar, a key indicator in the current crisis, and managed to catch the bar of $ 1.3.
Emergency measures, but attention to the medium to long term:
"These measures (potential loans of 750 billion euro purchase of private and public securities by the ECB injected liquidity in the interbank markets ...), are emergency measures that will remove the liquidity crisis which affected countries of southern Europe and the banks that will permit the correction of certain interest rate on public debt, "said Patrick Artus, Director of Research and Studies Natixis.
But money problems are not solved so far: "The crisis is not over," he warned. The crisis of public debts may reappear when the financial markets will see that the deficits remain far above the levels announced, he warned again.
Especially that "if stop rising public debt and reduce public deficits, growth in the euro zone will be zero" over the period 2010, 2011 and 2012.
Bank stocks soar:
The bank literally fly. Societe Generale explodes 24% Agricultural Credit 18.6% Axa of 21.9%, BNP Paribas 20.9%, 17.2% Dexia and Natixis 18.5%!
Last week Societe Generale had dropped 19%. Crédit Agricole 16% had dropped. Axa was downgraded from 21.7%.
The banking stocks were briefly suspended on the rise, that is to say that their trading was halted - for 7 minutes - as prices climbed too, at the opening.
Total, The largest market capitalization, climbed 4.2% to 38.9 euros Technip up 7.7%, to 56.9 euros, amid renewed oil price.
Only declining value Monday on the CAC 40 Essilor, Which fell by 1.2%, to 44.35 euros.
Michel Barnier: "accelerate the financial reform":
Another good news: Industrial production in France rose by 1% in March and 1.6% on the entire first quarter, according to Insee. Economists had expected an average increase of 0.3% in March.
Under the World Economic Forum that starts Monday, two days for Michel Barnier, European Commissioner for Financial Services, said Monday that Brussels was "ready to accelerate" financial reform, citing the need "greater coordination and supervision of economic and budgetary policies" in the eurozone.
Veolia confirms its objectives:
Side values Veolia (3.21% to 22.36 euros) announced Friday a consolidated sales down 4% at current exchange rates and 3.1% at constant exchange rates for the first quarter of 2010, EUR 8.7 billion. The group confirmed the targets set for 2010, Namely "to generate a positive free cash flow after payment of dividends and an operating profit-recurring up.
Eiffage (4.86%, to 37.9 euros) reported a turnover down 4.2% to 2.9 billion euros for the first quarter of 2010 due to declining revenues in its center construction related to meteorological conditions at the beginning of the year.
Euler Hermes (+5.5%, 63.3 euros) announced a net profit almost tripled in the first quarter to 47.6 million euros, and confirmed he expects this year's results improved.
Orascom and France Telecom (3.8% to 15.7 euros) Sunday unveiled details of their agreement regarding their holdings in MobinilAt the request of the Egyptian market regulator.
The Japanese group Toray IndustriesSpecialist textile and carbon fiber, announced Monday it had signed a 15-year contractUntil 2025, an unspecified amount, with the Airbus Airbus for the provision of composite material, particularly intended for the A350. Its parent company, EADS takes 0.8% in stock.
Biotechnology company Transgene (3.76%) will appeal to the market. She wants to lift 152 million euros according to this she had suggested last March.
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