The Paris Bourse sets a new annual record
The CAC 40 continues its progress towards the 4000 points. The latter closed up 0.88% to 3947 points in a market where trading volume remained low (1.170 million). Optimism is the same in most international markets. The Frankfurt Stock Exchange broke the 6,000 points for the first time since September 2008. In Asia, the indices were equally oriented, taking advantage of such remarks by the Chinese premier, who has called for further fiscal stimulus in his country.
The British markets will be closed at the Boxing Day. No indicator is expected today, neither Europe nor the United States.
As for the oil markets, a barrel of light sweet crude trading at $ 78.75 (+2.09%).The euro rose to 1.4395 dollars (0.14%).
Mixed reaction to the disappointment of the consortium
The CAC 40 is pulled by the title GDF Suez (1.85%). For its part, EDF is 1.23% to 41 euros. According to the Sunday Telegraph, the sovereign fund Abu Dhabi Investment Authority is considering joining the Canadian Pension Plan for an offering of eight billion dollars over the distribution of electricity to EDF in the UK. Total wins 0.82% to 45.37 euros. The three titles are rising stock market while they were part of the consortium, unsuccessful competitor for the contract of 40 billion dollars in the United Arab Emirates to build and operate four nuclear reactors. Only Areva, which was also part of this consortium, fell by 1.81% to 344.40 euros.
From their side, banking stocks such as Credit Agricole (+1.23%) and BNP Paribas (1.19%) are directed upward.Societe Generale is also shaped by mid-session (1.20%). The group could have a new shareholder in the person of the Russian businessman Vladimir Potanin. The shareholder of Norilsk Nickel said Friday it was considering the possibility of taking a minority stake after 2010. Out CAC 40, Natixis lost 0.67% to 3.41 euros.
Cyclicals well oriented
The good figures on car sales in December also bring mixed reactions on the stock exchange. Peugeot is an increasing trend (1.51%) but not the Renault brand (-0.03%). As for suppliers, Michelin signed the largest decline of ACC (-0.61%) and Faurecia loses 1.07% to 15.25 euros. Valeo gained 0.25% to 24.5 M ?.
The cyclicals are well oriented. Saint-Gobain is 2.40% to 38.48 euros, and sign the second best performance of the CAC 40, while Schneider Electric gained 1.41% to 80.03 euros.In contrast, defensive stocks are declining in the image of Lafarge, which lost 0.31% to 57 euros.
Sperian gaining 3.15% to 50.90 euros. The group announced Monday the signing of five banks with an agreement to refinance its debt coming due in June 30, 2010.