The CAC 40 strong as the U.S. employment

November 6, 2009 - 7:41 pm Comments Off

Showered by the publication of unemployment to 10.2% in the United States in October, the European and American markets had immediately swung into the red. But the image of what happens on Wall Street, the CAC 40 has quickly found the way up, offering a second reading, less negative than before, the employment figures. The index of the feature takes place in Paris 0.26% to 3718 points to 16.15.

Thursday, stock markets worldwide have been well oriented due to figures released by the U.S. Department of Labor Productivity in the country.

In addition to the monthly report on employment in the U.S., markets also watch the publication of wholesale inventories in September.

Values follow

Lafarge is attacked (-4.5%). The French group has released financial results Friday down sharply in the third quarter.Net income is recorded down 38% year on year to 404 million euros while sales fell 20% to 4.25 billion euros. These results were slightly below analyst expectations.

L'Oreal is sanctioned (-1.46%) after the publication of a revenue deemed disappointing. For its part CapGemini is still undergoing clearances (-2.49%). Several brokers have changed their views following the quarterly judged below investor expectations.

Conversely, Hermes International stands (2.30%). The luxury group has for its part issued Friday sales up 5% at constant rates in the third quarter, to 452.1 million euros. The group said its goal of stable sales in 2009 could be exceeded if the trend continues this year.

Values M6 (6.41%) at the highest for two years and TF1 (4.23%) were also searched.The audiovisual group M6 has exceeded expectations by recording a marked improvement in advertising revenue chain and strong growth of its business diversification. In particular, M6 was confirmed as the month of September showed the first signs of an improving advertising market with stronger demand from advertisers in some sectors the consumer in particular.

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