At The Core
World News
The Paris Bourse is limping along
After a pause Wednesday after six consecutive sessions of gains, the CAC 40 has clearly accused the coup on Thursday. The benchmark index of the Paris Stock Exchange lost 1.41% to close at 3 581.82 points. In London, the Footsie loose 0.88% to 5 207.50 points. The German Dax was down 1.10% to 6 141.52 points.
After dégradaton U.S. growth prospects announced by the Fed and the slowdown in Chinese growth in the second quarter, mixed economic indicators from the United States have significantly penalized equity markets in France.
Indicators mixed U.S.
The jobless claims fell to their lowest level since August 2008, during the week ended July 10.
The producer prices fell in June for the second case consecutive month according to figures published by the Department of Labor.After adjustment for seasonal variations, prices for finished goods charged by producers fell 0.5% from the previous month, having already fallen by 0.3% in May and 0.1% in April. Analysts had expected a decline, but much less marked (0.1%).
Finally, industrial production in the United States in June posted its twelfth consecutive month of rise, increasing by 0.1% according to figures released Thursday by the U.S. central bank.
The Federal Reserve has revised the outlook for U.S. growth to decline and now expects growth of between 3% and 3.5% this year, against a range of 3.2% to 3.7% in a previous estimate. The decline in unemployment should also be slower than expected. Further support measures are also envisaged.
Another new arrival is somewhat reassuring to China this morning.The country has announced that the GDP growth amounted to 10.3% from April to June, a slowdown from the first quarter (+11.9%) and the last three months of 2009 (10 , 7%) fast payday loan no faxing.
Several publications in the program
As for results announcements, trucks U.S. could also evolve global ratings: JP Morgan Chase, Google and AMD will lift the veil on their performance in the second quarter.
In Paris, many companies also publish their sales figures this Thursday. This is the case of Carrefour (second quarter), Seb (first quarter), Pierre et Vacances (second quarter), or Stallergenes (second quarter).
The bank suffered
The bad macroeconomic news weigh on the banking sector.This document draws down: Dexia was the biggest drop of ACC (-2.28%). BNP Paribas is also in the red (-2.10%), as Societe Generale (-1.42 %) and Credit Agricole (-1.54%).
The automotive sector resists. The Association of European Automobile Manufacturers (ACEA) has announced a 6.9% decline in registrations in June to 1.34 million units sold last month. Advance Peugeot and Renault gleaning 0.39% 0.03% to 34.78 euros. From his side wins Michelin 0.59%.
Moreover, Metabolic Explorer (-3.82% to 5.29 euro) company specializing in production processes by organic industrial chemicals, announced on Thursday before market sales nil.The group reiterated its goal of placing on the market the first products of technology METEX in 2012.
Eurofin explains on its website on Thursday it recorded a strong improvement in its operating performance and profitability in the second quarter. The group will not give more detail before the publication of its results on August 30 next. Titles leap of 12.92% to 37.49 euros.
- Wall Street takes a break
- U.S. exchanges to depart downward
- Banks have again supported the Paris stock exchange
- U.S. exchanges around the equilibrium
- Wall Street remains cautious before the employment figures