Banks have boosted the CAC 40 index .

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

The meeting was partly to be bearish . But by mid- afternoon , an impressive rally pushed the CAC 40 over 1.7 % , close to 3,500 points . Rumors positive on the resilience of banks have reassured investors .

The Paris markets finally confirm the upward trend the day. At the close , the CAC 40 climbed 1.76% to 3483 points, after an impressive rally late in the session. The index was boosted by banking stocks which benefit from rumors about their ability to withstand the crisis .
Investors were relieved after learning details of discounts debts monarch in the euro area will be taken into account in the "stress tests ". Information that allowed Societe Generale flying from 7.05 % to final bell Wednesday . Crédit Agricole rose 6.95% Dexia 6.8% and BNP Paribas 5.93 % .
Resistance testing of European banks do not include discount on German sovereign debt , said two banking sources told Reuters , adding that French loans could eventually be delisted , but very limited . It is otherwise sovereign debt of Portugal, Italy, Spain, Greece and Ireland , some of which will undergo a double-digit discount .
"We had to find a way to take into account the sovereign risk. It is a lesser evil to the extent that the market is really scary is the risk of default , " commented Alex Koagne , analyst at Natixis Securities. " The double-digit discounts for PIIGS ( Portugal, Italy , Ireland , Greece and Spain) , it is not very impressive. Greek debt is already dealing with a discount of about 20% of the market, " he added.
Elsewhere in Europe, even movement . The Frankfurt Stock Exchange edged up 0.87%, the FTSE in London gained 1% all round, Milan jumped 3.39 %!

Poor statistics forgotten:
In terms of indicators, trade deficit of France rose sharply to 5.5 billion euros in May after 4.258 the previous month due to a decline in exports , according to data released by Customs. Economists had expected on average a deficit of 4 billion euros .
Also note that according to a recent estimate of the European statistics office Eurostat, the euro area recorded economic growth Soft 0.2% in the first quarter .
Moreover , orders to German industry declined for the first time this year in May, 0.5 % from the previous month, according to figures released Thursday by the Ministry of Economy. Economists interogés by Reuters on average expected a rise of 0.5 % .

The car in the viewfinder:
As for values , the automotive sector moves Wednesday. Peugeot announced increased its global sales of 16.9 % in first half. The title of the group climbed 2.95 % to 22.15 euros. Moreover , Peugeot would invest 700 million euros to resume production project in India, Reports the Wall Street Journal.
For his part Renault ( 3.28 % to 31.14 euros ) is to publish its results tomorrow, Thursday trading .
Sodexo (0.91% to 47.22 euros) released before the market turnover with 11.54 million euros in the first nine months of the year. The group is an organic growth of its turnover for the full year 2009-2010 of about 2 % and hope to achieve an operating profit of between 780 and 800 million euros excluding currency effects the exercise .
Meetic (-0.35 % to 20.05 euros) announced Wednesday to build on an EBITDA margin of between 20 and 25 % for 2010, unchanged from its 2009 goal . The leading European dating sites also said that synergies from the integration of Match.com, the first since last June , should reach 10 to 15 million euros in the first year.
Atos Origin ( 0.79 % to 33 euros) announced Tuesday the launch of new services known as " smart mobility ". The services company led by Thierry Breton makes 850 million euros in turnover in the field of electronic transactions and placed on the strong growth in use on smartphones.