The CAC 40 has started no surprises in Tuesday's session sharply downward. Yesterday, the index had chained up his fourth consecutive session in the wake of Wall Street in early trading.
Then, a theater, after the closure of European markets: Moody's has severely degraded the note of Greece, four notches. The rating agency believes that the rescue plan launched by the country is useful but that accompanying measures are risky. Therefore, the U.S. indices swung around and eventually declined.
Thus, in early trade, the benchmark index of the Paris fell 0.73% to 3599 points, in the 3600 points. Elsewhere in Europe, even gloom: the DAX index of thirty blue chips of the Frankfurt Stock Exchange opened Tuesday down 0.58% to 6089.32 points.And the London Stock Exchange lost 1.02% over the closing Monday at 5,149.15 points.
But in the morning, the indices rallied. Around 10:30 am, the CAC tu the waterline, and then at 11:30, taking the index 0.55% to 3645 points. London was still in the red despite soaring 20% of the satellite TV operator BSkyB, moving well above the price offered by its parent News Corp..
On Monday, the confrontation between indicators showing continued recovery and increased uncertainty about the outlook for next year, caused a major increase in the "volatility of volatility".
The euro was maintained around 1.22 dollars on Tuesday morning.For Herman Van Rompuy, Chairperson of the European Council, "the markets have been too lenient in the first ten years of life of the euro, now they do overreact to minor incidents."
Zew, unemployment in Europe and U.S. industry to follow
The barometer Zew index, confidence in financial circles about the situation of the German economy, fell 17.1 points in June, reaching 28.7 points, a fall far greater than anticipated by analysts .European indices during a lap time dropped out before resuming their overall trend.
In Strasbourg, European Parliament, held today a press conference of the European Commission issued its opinion on the efforts made by twelve countries, including Spain, France, Portugal and Germany, to reduce their deficits Excessively easy pay day loans.
In the U.S., the import prices in May will be announced at 14:30, and industrial activity in and around New York for the month of June
Electricity: Bill Nome voted today
EDF (-0.28%), GDF Suez (-0.83%), and Poweo (cal) for attention while the National Assembly must vote on the bill Nome on the market organization of electricity.
According to the Socialist deputies, this reform will result in an increase of 11% to 15% of electricity rates for individuals. An interpretation strongly denied the meeting by the Minister of Ecology Jean-Louis Borloo: "I heard here and there that there could be increases in fares.Of course not! "
France Telecom: -0.5% to 15.2 euros Orange will now be able to practice cross-selling, the Competition Authority has ruled on Monday that he could, like its competitors Bouygues Telecom and SFR, use it cross your files mobile and internet customers, so far apart.
Such notice "limit the competitive disadvantage imposed on France Telecom" which, as operator of history, is subject to a number of constraints by the competition law, the group responded in a statement.
Banks Nicolas Sarkozy and Angela Merkel will militate G20 for the creation of a tax on banking and financial transactions. The idea of an economic government of the 27 has also been mentioned.
Societe Generale 0.11% to 35.08 The bank maintains its investor day on Tuesday.Already this morning, SocGen unveiled details of its strategic plan "ambitious."
She also announced Monday night that forged a business alliance in the securities business with U.S. Bancorp Fund Services, a subsidiary of U.S. Bancorp U.S. Bank.
In turn, Credit Agricole fell 1.1% to 9.2 euros. BNP Paribas fold from 0.6% to 47.12 euros.
Car Registrations of new cars fell by 9.3% in the EU in May The end of car scrapping in several countries to fear that the larger decline in the second half.
On Tuesday morning, Peugeot shows the largest decrease in the CAC 40, yielding 1.4% to 21.9 euros. Renault drops 0.75% to 31.2 euros.
Video Games This opens Tuesday in Los Angeles at E3, the world exhibition of video games. To be followed, any announcement on the sector.