A new session is bearish view on the Paris Bourse. In the wake of the fence on U.S. exchanges, Tuesday, Wednesday and Asia, markets in Paris are expected to open lower on Wednesday. Around 10:00, the CAC 40 was down 0.67% at 3619.58 points at the opening. The London Stock Exchange lost 0.53% to 5,379.19 points and the Frankfurt Stock Exchange abandoned à6092 0.42%, 15 points.

Tuesday, Wall Street and the Paris Stock Exchange ended the session with declines of more than 1%, hit by banking shares. As for Asian markets, they all move in the red, the Tokyo Stock Exchange in mind, after the yen hit a high.

The deficit decreases

On the macroeconomic front, the Fed will release its Beige Book this evening at 20 hours.Although unemployment figures better than expected, released last Friday, the U.S. central bank should continue to keep interest rates low.

A second estimate released Wednesday by the Bank of France, the gross domestic product of France is expected to grow 0.3% in the third quarter. It is unchanged from the first.

The deficit of state budget reduction. It amounted to 93.1 billion euros at end-July against 108.8 billion a year earlier, according to figures from the Ministry of Budget.Moreover, the trade deficit widened to 4.2 billion euros in July against 3.718 billion the previous month, seasonally adjusted data.

On the currency markets, the euro is recovering, to 8:00, after losing 1.46% Tuesday: the single currency was worth 1.2720 dollars.

Bank stocks remain in the viewfinder

As for companies, no publication of results is expected this Wednesday. Scor has unveiled its strategic plan to investors 2010-2013. The group has set a target organic growth of around 5% per annum. The shares were up 1% to 17.22 euros.

Chris Viehbacher, the CEO of Sanofi-Aventis, has met with several shareholders of Genzyme said Tuesday that the French laboratory. One analyst, management will have met half of the shareholders of Genzyme Wednesday night and could then make a decision on his project.The value displays one of the largest increases of ACC 40: 0.58% to 47.10 euros.GDF Suez and Lafarge completed the podium around 9:30 respsectives with increases of 0.89% (26.52 euros) and 0.85% (39.10 euros).

The Board of Directors of EDF (+0.30% at 32.93 euros) has approved the sale of its electricity distribution network in British Hong Kong Cheung Kong consortium, which will reduce its net debt by 6 8 billion euros, said the group chaired by Henri Proglio Wednesday in a statement.

LVL Medical (+0.52% to 15.48 euros), whose action has been suspended from trading on Tuesday, has filed with the Autorité des marchés financiers (AMF) a draft bid on simplified maximum 6% of its capital at a price of 20 euros per share, in the program to repurchase its securities, may be read on Tuesday on the website of the AMF.

Bank stocks in free fall

Conversely, the bank stocks seem to be on Tuesday in upper range of the steepest declines the CAC 40. BNP Paribas lost 1.12% to 52.14 euros (after a decline of 2.17% Tuesday), Societe Generale was down 1.65% to 41.90 euros (-3.85% Tuesday), Credit Agricole a coward , 79% to EUR 10.39 (-2.32% to 10.58 euros) and Dexia drops 3.75% to 3.24 euros (-3.39% after Tuesday). Their American counterparts have lost between 2% and 4% on Tuesday, the biggest drop was conducted by Morgan Stanley (-3.71%).The Barclays shows a net decrease of 1.13% to 310.45 pence after falling 5.57%, following the appointment to head the controversial Bob Diamond.

France Telecom (-0.09% to 16.06 euros) issued 50 million of 3.375% with coupons expire in 2022, and the resale price of 99.35%, representing a return of 75 points base over the swap curve. The group also denied a merger with Deutsche Telekom, after Deutsche Bank has exceeded the threshold of 5% stake in telecommunications group.

Louis Welsh fear a falling dollar

Boeing has not ruled out Tuesday the possibility of reducing the price of its bid to build 179 tanker aircraft for the U.S. military. The reaction of the stock price of its European rival, EADS (-0.36% to 18.11 euros), is expected.In an interview published in Le Nouvel Observateur on Thursday, its president, Louis Welsh, expresses fears that the dollar weakened. The EADS subsidiary Airbus, sells aircraft in dollars, but supports most of its production costs in euros.

Artemis, the holding company controlling PPR (-0.28% to 106.90 euros), Tuesday issued 600 million euros of bonds exchangeable for existing shares PPR to lengthen the average maturity of its debt. Under the final terms of the transaction, the nominal value of bonds, set at 139.90 euros, shows a 31% premium over the reference price of the PPR share.

CNP Assurances (-0.21% to 14.12 euros) has issued 750 million euros in bonds paid 6.0% and maturing in 2040 with a premium of 347.2 basis points above the swap curve.