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mercredi 5 mai 2010

European shares on again.

Reuters


Keywords: profit, Banks, employment, EUROPE, PARIS, U.S., Societe Generale.

European markets end in red again, Paris (-1.44%) to Athens (-3.91%) via Madrid (-2.27%). Tensions run high in Greece, Moody's threatens to degrade the note of Portugal and the euro broke the $ 1.29.

Scholarships are under pressure in Europe. Having appeased the mid-session, the markets have widened their losses throughout the afternoon to finally close in negative territory. In Paris the CAC 40 ended down 1.44% to 3636.03 points. The Frankfurt Stock Exchange was down 0.81%, below 6000 points to 5958.45 points, the London Stock Exchange fold from 1.28% to 5341.93 points and the Milan Stock Exchange from 0.89% to 20,429 points .
In Madrid, the Ibex 30 still leaves 2.27%, having already plunged more than 5% the day before amid rumorsFettered note that the country could be degraded by Fitch and Moody's.
In Athens where events go wrong - At least three people were killed Wednesday in a fire at a bank - the panic dominates. The Athens Stock Exchange plunged 3.9 again % at the close after falling 6.8% Tuesday.
In Portugal, a country described by fears of contagion from the Greek case, there is growing concern: Moody's will downgrade sovereign rating "within three months." The Exchange retrograde 1.34%.
The battered europe causes the euro to a new point abs for over a year, under $ 1.29. The next support is at 1.2450 and it should touch soon, analysts said.

Growth Forecast up for Portugal and Spain:
The European Commission plans Greece for a decline of 3% of Gross Domestic Product in 2010 against a decline of only 0.3% expected in November. As regards Spain and Portugal, the Commission revised its growth forecast for 2010 up : -0.4% To -0.8% Spain cons expected in February and 0.5% Portugal 0.3% cons estimated in February.
Overseas, the program figures are ADP employment in the private sector for the month of April, the ISM index of activity in services, in April, and the weekly crude oil inventories.
On Wednesday, Asian markets, stock markets in the wake of Wall Street and Paris, move down sharply. On Tuesday, the CAC 40 dropped 3.58% to 3691 points.

Societe Generale and Lafarge down:
Societe Generale published on Wednesday a net profit of 1.06 billion euros, A figure well above expectations of analysts who predicted a profit of 658 million euros. Societe Generale, after having displayed the head of the CAC 40 lost 1.22%, to 38.15 euros to 15 hours.
In contrast, the return to profitability Lafarge was not enough to convince investors. At the Paris Stock Exchange, shares were down 4.54% to 50.5 euros, or one of the fastest declines the CAC 40. The group has published a turnover down 10% to 3.276 billion euros compared to first quarter 2009And a net profit of 64 million euros against a loss of 17 million euros in the first quarter of 2009.
Bourbon (Balance) has published for the first quarter sales fell 1% to 236.2 million euros versus the first quarter of 2009. The specialist offshore service has also announced the signing of contracts for 13 new vessels with the Brazilian Petrobras oil.
Iliad, Parent company of Internet providers, Free and Alice grew by 4.7% of its sales in the first quarter. The shares lost 0.41% to 73.5 euros.

CGG Veritas unscrews:
The specialist in geophysics, CGG Veritas (-8% to 20.25 euros), Issued on Wednesday morning a symbolic net on the first three months of the year: 1 million dollars, 760,000 euros. It was 5 million in the fourth quarter 2009 and 71 million over the first three months of 2009.
Vicat publish after-hours and Air Liquide holds its general assembly in 15 hours.
Vinci (-3.1% To 39 euros) Tuesday maintained its 2010 targets after a first quarter affected as expected by a particularly harsh winter.
Bongrain (-0.83%) Said Tuesday was ready to face a further rise in milk prices following a rise of almost 3% of its turnover to 827.6 million euros.
Teleperformance (-1.3%) Announced Tuesday that it would communicate its new financial targets 26 May 2010 during a financial meeting after publishing a quarterly revenue up slightly. 

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