Follow the mixed trend on Wall Street the day before or the optimism of Asian markets? The Paris Bourse has made his choice on Tuesday. The Cac 40 ended up substantially from 1.42% to 3861.74 points. Same atmosphere in the other major European markets. At the close, the DAX index of the Frankfurt Stock Exchange ahead of 1.69% to 7204.79 points while the FTSE-100 index of London Stock Exchange gained 0.51% to 5803.13 points.
Yesterday, U.S. markets, which started in the green, finally ended on a stable tone, troubled by a further deterioration of three notches of the rating agency in Greece by S & P.Conversely, the Asian stock rose in unison this morning, buoyed by the announcement of the Bank of Japan maintained its key interest rate near zero to support the growth of the archipelago.
Markets, however note the acceleration of inflation in China to 5.5% yoy in May, more than expected by analysts. This rate, the highest in almost three years, should still push the country's authorities to tighten the monetary and thus assist in the deceleration of economic activity in China.The monetary tightening measures taken by Beijing to curb inflation have led to a decline in new lending by Chinese banks in May and a monetary growth slowed to a low of 30 months.
Still on macroeconomic, the current account deficit in France widened somewhat in April, to 4.8 billion euros, against 4.1 in March, due to the increase in the balance of trade in goods, according to figures released Tuesday by the Banque de France (BDF). The day was also charged in the U.S.. Retail sales fell 0.2% in May to the U.S. for the first time since June 2010. The increase in producer prices has also slowed, but less than expected, with the slowdown in energy costs, according to figures released by the Labor Department.Finally, the restocking of manufacturing firms and corporations slowed in April, according to figures released by the Commerce Department.
As for currencies, the euro continues to rise against the greenback at 1.4474 dollars around 17.30. For its part, the oil has been affected by the downgrade of the long-term debt of Greece and the publication of inflation figures in China. In morning trading, a barrel of light sweet crude for July delivery lost 24 cents to 97.06 dollars before rebounding to 0.84% hardly rose to 98.12 dollars.
The banking sector insensitive to the degradation of note Greek
Banks are sensitive to the Greek news, do not react negatively to the further deterioration of the country's debt that one step closer to the fault."If a solution can be found that avoids the risk of default, it seems appropriate," said the Governor of the Banque de France Christian Noyer at a press conference free business cards. If you do not find it, if you touch still in debt and that you cause a default or a credit event, you must be prepared to fully finance the Greek economy, "he warned, addressing the Euro zone countries.
BNP Paribas (2.33% to 52.61 euros), Societe Generale (+2% to 39.79 euros), Natixis (1.99% to 3.535 euros), Axa (+2.75% at 15, 14 euros) and Credit Agricole (1.45% to 10.155 euros) move anyway.
Areva: -2.68% to 24.355 euros
After Germany announced last May its output of nuclear power by 2022, Italy on Tuesday dismissed the relaunch of its program.The title, which displays the largest decrease of the SBF 120, thus suffers the growing distrust of the Europeans vis-à-vis nuclear power.
Axway Software: + 26.76% to 23.59 euros Sopra: -5.12% to 61.55 euros
This Tuesday was the first day of trading of the company, the shareholders of Sopra giving the green light last Wednesday, the proposed demerger and listing of the software division of group counseling and services.
Capgemini: + 3.07% to 38.57 euros (largest increase in the ACC)
The group announced on Tuesday that in "exclusive negotiations" to acquire the operator Prosody.
Neopost: + 2.44% to 59.67 euros
The group said growth in its expected sales of between 3 and 5% excluding currency effects in 2011, instead of the range of 2 to 4% previously expected.The manufacturer of franking machines for mail said it has completed the acquisition of GBC-Fordigraph.
Suez Environment: -0.14% to 14.075 euros (largest decline of ACC)
The group, through its subsidiary Degremont, has won a contract for the extension of the treatment plant and wastewater recycling in Qatar Doha West, for a total of 35 million euros, "he said Tuesday in a statement.
Air France-KLM: + 0.42% to 10.635 euros
Secretary of State for International Trade Pierre Lellouche said Tuesday he convened the AFP Chief of Air France-KLM Pierre-Henri Gourgeon to seek clarification on his next order of hundreds of long- haul Airbus or Boeing.
L'Oreal: + 1.62% to 86.09 euros
Liliane Bettencourt should be placed under curatorship enhanced seen his health, according to doctors appointed by a judge of guardianships that have not examined directly, however, announced Tuesday a source familiar with the matter, confirming information site lemonde.fr .
"QUIZ Estimate the Cac 40 in late June