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mercredi 26 mai 2010

The rebound is confirmed the Paris Bourse.



Keywords: Scholarship, Crisis, Eurozone, PARIS, CAC40.

 Like their Asian counterparts on Wednesday, investors want to turn the page of yesterday's session that saw the index drop to 3%. Despite high volatility, all exchanges confirm their morning rebound in mid-day.
Switch from dark red to green in 24 hours. It is the mission that will give European investors Wednesday. Also at the opening, the Paris CAC 40 gained 1.87% to 3393.44 points. In mid-session, he confirmed his rebound, up 2.61% to 3418.27 points.
The LSE has in turn opened up substantially, the FTSE-100 index gaining 1.29% before to 1.90% more likely after noon. The German Dax has risen by 1.15% at the opening, then 1.66% at midday. In Madrid, the Ibex-35 index opened on Wednesday with a strong rebound, as well as Milan.
Markets following the Asian example where investors have turned their back on a disastrous meeting yesterday to bounce today. The financial markets take heart to ascend the slope based on Wall Street the day before was able to limit its downward to -0.2% when all European markets ended on declines ranging from 2% to 3.4%. A good indicator of U.S. consumer confidence has supported Wall Street, who ascended the slope and, yesterday, in the last hour, hunting for bargains when accelerating, as is probably the case this Wednesday Paris.
During this session, operators will attempt to keep Paris the CAC 40 over the threshold of 3300 points was taken down yesterday during the meeting. The key index in Paris, mishandled from the beginning of the crisis of confidence in the euro area, lost 15% since the beginning of the year and fell to its level of July 2009 yesterday. But today, the euro erased its losses against the greenback. The euro climbed back above $ 1.23.
But volatility should continue as concerns remain about the capacity of the euro area to get out of its sovereign debt problems. Yesterday Italy has agreed to turn an austerity plan of 24 billion euros in 2011 and 2012.

Indicators mixed:
In France, Household consumption of manufactured goods fell 1.2% in April after its rebound from the previous month, under the impact of lower sales of cars, INSEE announced before markets open. Analysts on average expected a decline of 0.5%.
Moreover, for the first time in two and a half years Sales of new homes in France by developers increased by 5.3% in the first quarter over a year, while housing starts rose 0.6% and building permits by 24.7% between February and April 2010, according to the Ministry Ecology.
Finally the index of business climate in May wins 1 point to 97 points, as expected. According to INSEE, order books of manufacturers continue to replenish but still scanty.
The U.S. will release during the meeting orders for durable goods, sales of new homes and weekly inventories of oil, so highly anticipated that the courts have given yesterday, more than 2%.

The banking supervision:
The banking is the most contested since the beginning of the crisis in the euro area, and while the Spanish banking problems cast a shadow over the entire European banking sector. Yesterday, the markets are still severely punished across Europe. On Wednesday, the bank stocks could react on demand to 27, the European Commission to levy a tax on national banks and finance a fund to advance prevention, remediation and restructuring.
Around noon, they behave well: Credit Agricole (3.97%), Societe Generale (2.44%), Dexia (2.57%), BNP Paribas (1.65%) support the rating, like the U.S. bank, yesterday, closing on Wall Street.


Axa is also up 4.11%:

In addition, Frederick Oudéa, CEO Societe Generale, Held to reassure the shareholders present at the general meeting of the group yesterday. He said the impact of toxic assets, which have sealed the accounts of the bank in 2008 and 2009, will be more moderate in the future. This year, they amounted to 35 billion euros and should cost the bank between 700 million and one billion euros. Frederick Oudéa, including severance pay was narrowly adopted at the same meeting (50.82% of votes), also once again rejected any reconciliation with the Farm Credit beyond industrial partnerships
EDF (1.19% to 34.745 euros) table of 4 billion pounds (3.3 billion euros) for the sale of its British electricity network and expects bids by 21 June, according to sources familiar with the .
Lafarge (4.36% to 45.080 euros) and Austria's Strabag said Tuesday in a joint creation of a joint venture to combine their cement operations in several countries of Central Europe.
PSA (Peugeot wins + 3.84% to 18.775 euros) on Tuesday confirmed the information that it would produce Echoes in Vigo in Spain a model for entry level as a first step to emerging countries, a project that s registrant in the planning of investment of one billion euros over five years envisaged for the site.
The bondholders ofAccor (3.64% to 38.295 euros) have approved the demerger of hotel operations with those of pole prepaid.
Eurotunnel (3.09% to 6.206 euros) up, despite the remonstrances of the Regulatory Authority of British advertising. This prevents him from using the slogan "misleading" in the UK promising a service that "whatever the time." Since May 26, 2010, all shares listed on NYSE Euronext continuously in Paris and whose daily volume of shares traded amounted to at least EUR 100,000 are eligible for the SRD, a total of 93 additional values, including Eurotunnel .
Fimalac (1.33% to 33.5 euros) announced Tuesday it had more than doubled its net profit in the first half of 2009-2010, to 17.6 million euros, with sales up 10.3% comparable basis.
Air France-KLM (4.36% to 9.240 euros) will relaunch in the fall of his negotiations with Airbus and Boeing for an order for 100-150 aircraft that could reach 38 billion dollars (31 billion euros) at list prices, according information from the Tribune on Wednesday. The command would be common to both companies passed in 2011.
CNP (+0.48% At 58.90 euros) sets the objective of increasing its profitability in 2010, pursuing a gradual recovery in sales of units of account and straightening its margins in Italy.
Compagnie des Alpes (0.63% to 24.15 euros) is progressing. Gilbert Smith reiterated his Buy recommendation and price target of 34.4 euros Compagnie des Alpes after the publication of results of the first half. Compagnie des Alpes has posted a net income of 37.8 million euros, up 33.6% in the first half. On a comparable basis, growth reached 14.2%. The leisure group said this trend by the good performance of the business and margins.

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