The CAC 40 continues on the path to higher Tuesday. Halfway through, the benchmark index in Paris gained 0.86% at 4039.98 points. Investors, who pushed the benchmark index in Paris yesterday to rebound, do everything to maintain the 4000 points. The closing in the green on Wall Street and the increases, even timid, in Asia this morning, contend that the movement extends to other European markets: The London Stock Exchange climbed 0.81% to 5910.69 points. The Dax index featuring the Frankfurt Stock Exchange gained 0.97% on its side at 7145.90 points.
But the news from China are likely to weigh on morale. According to the China Federation of Logistics and Purchasing (CFLP), the PMI manufacturing index for January was again slowed to 52.9 in January against 53.9 in December 2010 and 55.2 in November. HSBC is less categorical and evokes a PMI remained virtually unchanged at 54.5 in January, against 54.4 in December.What sow doubt in the minds of investors, already disrupted by protests in Egypt.
On the foreign exchange market, the euro continued to rise above $ 1.37 on Tuesday after sharp rebound the previous day fueled by the figures for inflation in the euro zone that gave rise to speculation about a increase in the rate of the European Central Bank. Around 11:15 in Paris, the euro bought 1.3775 dollars against 1.3686 dollars late Monday, its highest level since Nov. 22.
Gust Statistics
Still on macroeconomic, particularly busy day ahead.
In France:
– The producer prices in December rose 1% after rising 0.4% in November, while prices for exports have been 0.6%, INSEE said on Tuesday.Furthermore, growth of manufacturing activity slowed in January, falling to its weakest pace in six months. The PMI index fell to 54.9 against 57.2 in December. An initial estimate had been given to 54.3 a week ago.
For the euro area:
– The number of jobseekers in Germany fell by 13,000 in January in seasonally adjusted data, more than expected, falling to 3.135 million, said Tuesday the Federal Labour Office.
– Manufacturing activity accelerated faster than expected in January.The PMI index rose to 57.3 in January against 57.1 in December, higher than the flash estimate of 56.9.
– The unemployment rate was 10% in December, unchanged from November.
In the U.S., the ISM manufacturing index will also be published, along with construction spending in December (16 hours.
Sanofi gets closer still Genzyme
As for values to be followed:
The values of the energy sector that benefits from rising oil prices. Total clinching 2.37% to 43.73 euros, Technip 2.60% to 72.1 euros O and CGC Veritas winning 3.30% to 22.89 euros.
Club Med: + 0.57% to 16.85 euros, Lafarge: + 2.37% to 44.30 euros, Air France: + 0.52% to 13.42 euros
The tour operator and the cement, very present in Egypt, are particularly challenged in price since the beginning of political troubles in the country.They are less so today, the day of the "march of a million" people in Cairo and Alexandria.
For its part, Air France will increase its capacity between Paris and Egypt from Tuesday to facilitate the repatriation of its customers payday loans online.
Sanofi-Aventis: + 1.11% to 50.43 euros
The French group and its U.S. counterpart Genzyme reached an agreement in principle on the structure of a rapprochement between the two groups said on Monday two sources familiar with the matter.Moreover, U.S. authorities have opened preliminary investigations on the potential risks of drugs produced by Sanofi-Aventis and other laboratories, said Monday the Food and Drug Administration (FDA).
Renault: -0.91% to 47.35 euros
The automaker announced Monday expected to resume with an operating profit in 2010, the current year to be marked, he said, in an operating margin of 2.8% against -1.2% in 2009. More generally, manufacturers will be monitored with the publication today of car registrations in January. The market is still supported by scrapping, because in January registrations were up 3.1% at comparable number of working days.
BNP Paribas: + 1.94% to 55.66 euros, Societe Generale: + 0.28% to 47.38 euros
The bans short selling of financial stocks, decided in 2008 after the bankruptcy of Lehman Brothers at the height of the financial crisis, will be lifted on Tuesday along with the entry into force of a modified version of the General Regulation The AMF makes such a mandatory takeover bid from the ownership threshold of 30% and not more than 33% of a company.
EADS: + 0.45% to 21.14 euros
A WTO report issued Monday contends that Boeing has received U.S. government grants unjustified.This latest announcement "a huge rejection of assertions of the European Union."
GDF Suez: + 0.74% to 29.19 euros
The group announced lundiun agreement for the purchase of five underground storage sites for natural gas in Germany, and a stake of up to 19.7% in another site.
EDF: -2.76% to 31.31 euros
EDF shares recorded the strongest decrease in the CAC 40 after information Voices that Paul Champsaur, one of the architects of the reform of the electricity in France, will offer a selling price of electricity from nuclear EDF lower than that required by the electrician.
ArcelorMittal: + 0.73% to 26.80 euros
The steel and mining group Vale, but also groups of South Korean and Chinese companies are among the 15 candidates for the development of Tavan Tolgoi coal site in Mongolia, considered the main source of untapped coking coal in the world.Its reserves are estimated at five billion tonnes.
Technip: + 2.73% to 72.91 euros
The group announced Tuesday it had won, in consortium with Daewoo Shipbuilding & Marine Engineering, an engineering contract for a floating liquefied natural gas (FLNG) in Malaysia.
Carrefour: -1.26% to 35.19 euros
The retail giant confirmed Monday to study various projects likely to lead to the marketing of certain of its assets, including its real estate subsidiary Carrefour Property.
Alten: + 3.54% to 26.39 euros
The group announced Monday include organic growth of at least 8% in 2011, driven by the dynamism of its markets, and pursue acquisitions.