Paris reduced its earnings before the U.S. unemployment
The CAC 40, which again closed lower Wednesday on a net, trying to back up the hill on Thursday. At the opening, the leading index in Paris climbed 1.17% to 3490.75 points and then took a further 0.64% to 3472.25 points in mid-session. Elsewhere, the same movement: the Footsie in London is 0.85% at 5152.68 points while in Frankfurt the Dax was up 0.54% at 5931.34 points.
European markets based on the surge on Wall Street Wednesday, but also on purchases cheaply. The NYSE has erased its losses late in the session to close up 0.2%. A technical rebound which was conducted in a context of bad macro news (sales of new homes in July after falling sales in the former, smaller increase than expected orders for durable goods).The Paris markets will also be comforted by Asia which has borrowed the same road this morning as Wall Street.
After consecutive declines (which have seen the ACC lost 2% since Monday), European investors are making purchases on the cheap pending the release of weekly unemployment registration in the United States earlier this afternoon.
Side currencies, the euro remains strong against the dollar. In morning trade, one euro is worth 1.2710 dollars (0.31%) and 1.2712 in mid-session.
The Paris markets react to the small decline in unemployment in France in July, fell after the market closes Wednesday.More importantly, they welcomed the battery results fell before the opening.
Accor flies, Gemalto tumbles
For the first time in years, the industrial take over ads on macroeconomic indicators:
After his former branch of service Edenred, Accor issued this morning. The group announced a net loss for the first half of 64 million euros against a loss of 236 million a year earlier. Despite very conservative outlook, the stock market welcomed the performance: Accor shares are leading the ACC with an increase of 4.68% to 24.6 euros.
Credit Agricole has reported a net profit of 379 million euros in the second quarter, well above the 280 million expected by the markets. Net revenue reached 5.469 billion euros and the cost of risk fell by 13%.Again, the stock appreciates: the titles are among the highest increases with a jump of 3.28% to 10.225 euros.
Bureau Veritas (4.30% to 47.34 euros) announced adjusted net income Group share up 8.9% to 149.5 million euros in the first half. Turnover was up 1.5% to 1.349 billion euros. The group aims to increase its sales in the second half of the order of 10% and expects a "slight increase" in operating margin over the full year 2010 on the current scope.
Gemalto has reported net earnings fell to 63 million euros in the first half and sales of 840 million euros, up 5%. The group said banking on accelerated growth in the second half, with a turnover of over one billion euros over the period.The title gives 2.63% to 28.67 euros.
Bongrain (+0.19%), Lagardere (0.41%), Stallergenes (1.34%) and Etam (1.56%) will release after the market closes.
Wednesday, L'Oreal (5.77% to 80.14 euros) announced an operating profit up sharply in the first half and higher expectations. This performance allows the number one global cosmetics find a level of operating margin similar to the record first half of 2008.
L'Oreal and Total (0.24%), major shareholders of Sanofi-Aventis (-0.81%) would otherwise be reserved for the proposed acquisition by Genzyme, fearing that the French pharmaceutical group pays its target too expensive , said Wednesday the banking sources told Reuters.
BioAlliance Pharma (5.03%) received European agencies agreed in principle on the filing in mid-2011 the registration dossier of the drug against herpes labialis.The laboratory recorded a strong increase in its turnover in the first half and a net positive.