The Cac 40 does not know which way to turn. After closing sharply lower on Friday, the Paris flagship index opened on Monday, up 0.42%. But around 9:30, it began to reduce its earnings by settling just before 10 o'clock, its closing level Friday, or 3954.80 points (0.01%). But the Cac 40 does not seem to want to slide into the red. Also, around 11 am, he went back on the rise with a gain of 0.49% to 3.9574 marks.

This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.

No macroeconomic statistics that could reverse the trend is expected.

Renault under the microscope

As for values to follow, Renault (+1.04% at 39.01 euros) is expected to turn. Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. Peugeot appears however down 0.7%.

According to the British press, GDF Suez (+1.76% at 28.86 euros) is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.

Louis Welsh, CEO of EADS (-0.94% to 14.57 euros) on Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.

Air France KLM (-0.96% to 12.38 euros) was followed after the publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which is Air France-KLM.

According to the Tribune, Axa (0.3%) interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.

The CEO of Accor (+0.60% at 16.74 euros), Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.

Aeroports de Paris (ADP) lost 0.14% to 56.81. The group has published its traffic after market for the month of December.

Casino (+0.11% at 61.80 euros) is being difficult in Venezuela. Venezuelan President Hugo Chavez on Sunday ordered into effect the expropriation of the hypermarket chain Exito, a subsidiary of Casino, accusing him of having increased its prices so speculative.

At 18h, Casino and Mercialys (+1.07% at 25.50 euros) will publish its figures for the fourth quarter while Soitec (-0.13% to 11.39 euros) will unveil his third quarter.