The Paris Bourse is expected to continue to decline on Thursday, after a sharp decline (-1.22%) the previous day amid concerns related to government debt. The Greek interest rates to ten years has exceeded 8% in the day Wednesday. Investors wonder if Greece will well repay the debt, with growth stifled by a plan of unprecedented stringency.
On Tuesday, the key index in Paris climbed 1.41%. Total, the CAC 40 is still under the 4,000 points at the close of Wednesday evening.
Around 8:20, the CAC index futures were down 0.13% at 3899 points.
Rain clues to look closely
This session will be loaded in major economic indicators. In France, INSEE begin by revealing several monthly surveys of economic conditions: in industry, commerce and retail trade and automotive repair and service, and finally in the building.The total for the month of April. At 8:45 Also, indicators of business climate and a downturn on the same month will be published.
At 10:00, the OFCE present its 2010/2011 outlook for the global economy, the euro area and France.
Side euro area, 11 hours, will update the balance of payments for the fourth quarter of 2009, and the government deficit and debt for the past year
Finally across the Atlantic, at 14:30, monitor producer prices in March and the traditional weekly claims for unemployment benefits.At 16 hours, followed home resales for the month of March.
Sodexo, Schneider, Vallourec and L'Oreal to follow
Sodexo has recorded an operating profit better than expected in the first half, and now expects a range between 770 and 790 million euros for the full year.
Schneider Electric on Wednesday confirmed its 2010 target of a moderate increase in its turnover data returned after organic growth of its sales from the first quarter.
Vallourec has announced the acquisition for 150 million euros Serimax, a company specializing in soufage pipes offshore.
Always on the CAC 40, L'Oreal said it has signed an agreement to acquire American Essie Cosmetics, make-up brand nail polish, whose sales totaled $ 28 million (approximately 21 million euros) over the last twelve months cash advance america. The cosmetics group will release its results for the first quarter tonight after the close of trading.
The Competition Commission has prohibited the merger between Orange, a subsidiary of telecom operator France Telecom, and Sunrise.The company resulting from the merger would have created, together with Swisscom, a collective dominant position on the market for mobile telephony.
Guy Wyser-Pratte does not increase its stake from 0.53% in Lagard?re group with which it engaged in an arm-wrestling to be appointed to its supervisory board and change its governance.
Publications continue
Later publications, Carbone Lorraine posted Wednesday a stable turnover in the first quarter at constant perimeter and exchange rates and confirmed its targets for 2010.
Publicis made a surprise Thursday by posting organic growth of 3.1% of its income in the first quarter, two times higher than that of Havas, to favor a clear restart in North America and has shown a bit more optimistic for 2010.
The wine and spirits group Remy Cointreau announced Thursday an increase in its annual turnover (April 2009-March 2010) of 13.1% to 807.8 million euros, and confirmed a reduction in its workforce Champagne, whose sales are always worth it.
Vranken-Pommery has published a turnover in the first quarter of 39.4 million euros, up 38.1% (+11.4% at constant scope, excluding integration Listel), thanks to the resumption of its activity champagne. The company expects a sales growth of over 20% "medium term".
The industry leader in the cable Nexans recorded a turnover of 1.35 billion euros, up 8.4% yoy while in the course of constant non-ferrous metals, it reached 971 million euros, down 11.1%.
Plastic Omnium has announced an increase of over 43% of its activity in the first quarter, benefiting from a favorable base effect since the activity had been hit full force a year earlier by the crisis in the automotive market.
Technilocolor (formerly Thomson) has published a turnover of 691 million euros for the first quarter, down 24.4%. The group still expects changes in its activity in the first half of 2010 in the same trend as the second half of 2009.