The Paris Bourse started the week in the green, having closed sharply lower Friday. The Cac 40 was opened on Monday, up 0.42% to 3971.17 points.
This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.
No macroeconomic statistics that could reverse the trend is expected.
Renault under the microscope
As for values to follow, Renault is expected to turn.Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. The reaction of Peugeot will also be expected.
According to the British press, GDF SUEZ is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.
Louis Welsh, CEO of EADS Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.
Air France KLM would react Exchange after publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which includes Air France-KLM.
According to the Tribune, Axa interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.
Accor CEO Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.
The luxury goods group Compagnie Financiere Richemont announced Monday before market turnover exceeds expectations in the third quarter of 2009/2010. The latter rose 2% to 1.585 billion euros, while analysts expected a decline. For the current year, Richemont gave no forecast
Aeroports de Paris (ADP) after market must publish its traffic for the month of December.
Casino has been in trouble in Venezuela. Venezuelan President Hugo Chavez on Sunday ordered into effect the expropriation of the hypermarket chain Exito, a subsidiary of Casino, accusing him of having increased its prices so speculative.
At 18h, Casino and Mercialys publish their figures for the fourth quarter while Soitec unveil his own in the third quarter.
- Wall Street supported by China
- The CAC 40 ended at over 3,900 points
- The CAC 40 is up to the balance
- The CAC 40 also fired by the bank
- The CAC 40 should enjoy the status quo