The CAC 40 should remain in the green
Maintain the 3600 points. It is an objective that will bind the Paris Stock Exchange on Friday. If investors follow their Asian counterparts in Paris, and especially Tokyo, the CAC 40 should be driven up to the opening. The green should be this good after a session to bounce which saw the benchmark index of Paris open reduction and regroup before accelerating earnings and to close more than 3%.
In addition to Asia, should further positive momentum on Wall Street. The U.S. markets have done a nice meeting Thursday at which time the Dow has gained almost 2%. U.S. markets relatively insensitive to the announcement of a surprise increase in weekly unemployment registrations have been worn by the overall business results above consensus.
In this good mood, the wait surrounding the publication of results of stress tests of European banks on Friday should be more on that early next week.
In terms of macroeconomic statistics, the session looks very calm. No major indicator is expected in the United States. In France, INSEE must publish the figures for household consumption while the Germans unveil their Ifo business climate.
TF1 reviewing its objectives to increase
The stress test, however, occupy the banking sector.BNP Paribas, Societe Generale, Credit Agricole, Natixis (BPCE) or Dexia should respond.
Moreover, the markets will again this session to analyze several quarterly publications:
TF1 announced before market sales ad up 11% in the first semester for a total turnover of 1.28 billion euros, above the consensus. Net income group share was 74 million euros over the period payday loans for bad credit. The objectives are significantly revised upward with a turnover in 2010 rose by 7% instead of 4%.
STMicroelectronics reported Thursday a profit above expectations at 18 cents per share with a turnover up 27% to 2.53 billion. Analysts on average expected a profit of 14 cents per share and a turnover of 2.513 billion dollars.
Pernod Ricard noted Thursday its annual forecast for operating profit thanks to the improved economic environment and its position in emerging markets. Its turnover in 2009-2010 emerged, up 2% on a comparable basis.
Ubisoft has released a turnover up 94% in the first quarter of 2010-2011, to 161 million euros and confirmed its objective of a provisional turnover of 160 million for the remainder of the year.
BioAlliance Pharma has announced a record turnover of 15.2 million euros in the second quarter against 1.5 million a year earlier, after recording in April for U.S. Loramyc, light treatment of fungal infections of the mouth patients with cancer or AIDS.
As for ads, Alstom said it had won contracts valued at about 450 million euros for the construction of two units for a combined cycle power station in India.
Legrand announced Thursday a takeover offer for Indo Asian Switchgear India, where he produced nearly 4% of its annual turnover after the acquisition. Indo Asian Switchgea aims for 2010 sales of more than 35 million euros.
Maurel and Prom announced Thursday it had increased to approximately 70 million euros the amount of its issuance of Oceanes five years following the year's total allotment option.