At The Core
World News
The Paris Bourse is expected to continue its downward
The macroeconomic announcements from the U.S. weighed heavily on the Paris Stock Exchange in August. The poor sales figures for housing (the lowest since 1995) have hit the Cac 40, which has plunged Tuesday on the 3500 points with a drop of 1.75%. Return to the Green should be difficult on Wednesday. Especially as new indicators are expected in the U.S., in addition to the unemployment figures in France in July. The real estate overseas, thermometer world's largest economy, will still be in the spotlight with the publication of the FHFA index of house prices and numbers of new home sales for July. Before the opening of Wall Street, markets will also monitor the numbers of orders for durable goods last month.
This Wednesday in Asia, fears of a relapse of the new global economy have sealed the evidence.Wall Street had already set the tone with a fence net decrease of 1.32%.
As for currencies, the euro traded at 1.2638 in the morning the dollar.
Publications resume
In terms of values, many trucks will publish their results quarterly and half in this weekend.
Today before the market opens, Edenred, the old branch of prepaid services group Accor became autonomous, has reported an operating income of 155 million euros in the first six months of the year, down 7.1%. Turnover rose 3.8% to 461 million.But the group is very conservative forecasts, the growth in issuance volume yet to be affected by rising unemployment in Europe.
L'Oreal and Sperian publish their half year results after market close.
The Polish government has short listed five offers to buy the 51% stake in state power company Enea on Tuesday said the Treasury Department, without specifying the identity of Suez and GDF would candidats.EDF on ranks according to media reports. Only EDF confirmed it had made a preliminary offer.
Scor has been a change of recommendation by Fitch. The broker has raised its outlook on Tuesday its debt rating of reinsurance group to "positive" cons "stable" and kept at "A" rating from its long-term debt of the group.Fitch said the decision including the prudent investment policy conducted by SCOR and the diversification of its risks.
- GM would pay its debt this week
- Banks have again supported the Paris stock exchange
- The CAC 40 is a breath of fresh air
- The Paris Bourse consolidates its position
- Obama gives assurance on Wall Street