4 Aug
Investors should react positively Wednesday morning the results of Societe Generale, published before the opening, and that are much better than expected. Monday, BNP Paribas and HSBC had already published accounts reassuring and had restored confidence to investors worldwide.
Tuesday, ACC 40a consolidated amid stalled on Wall Street. The index closed slightly down from 0.12% to 3747.51 points, close to 3750 points. On Wednesday, the index future pointing down on the CAC 40, which is expected to decline from 0.31% to 3734 points in the opening gong.
In Asia, Tokyo reclusive sharply while export values are still penalized by one yen rise against the U.S. dollar.
On Wednesday, the macroeconomic news might still punctuate the markets.In the euro area, 10 hours, attention is paid to the services PMI for July and composite (2nd estimate) and above 11 hours, on retail sales in June
Overseas, the ADP employment figures in the private sector in July will be well attended in the financial world, at 14.30. Then at 16 hours, the ISM index of activity in services should lead the market. Finally, at 16:30, the traditional weekly crude oil stocks are known. All these figures of importance, so that on Tuesday, the statistics on consumer spending and incomes of households were poorer than expected.
Société Générale and Axa have published
As for values, investors have been informed by stock-half-year results of Societe Generale. Net income was more than tripled to 1.084 billion euros in the second quarter.Economists expected a doubling. Moreover, its Greek subsidiary Geniki announced a widening its net loss in the first half, the economic difficulties the country promoting the proliferation of bad loans.
Axa has posted a net profit in the first half down 29% to 944 million euros. It mieuw than expected and operating income, which excludes special items, spring, him, down 3%.
Suez Environment, a specialist in water management and waste, noted Wednesday its growth forecast for the full year 2010, after posting interim results up sharply.Jean-Louis Chaussade, CEO of number two French water treatment and industrial waste, says his group's performance in the first half.
Bic Sopra and Iliad also publish pre-market.
Maurel & Prom: 68% of first half sales
Energy. Departments of Ecology and Economy announced Tuesday that the government planned to increase to 15 August electricity rates by 3% on average for households and 4% to 5.5% for businesses.
Maurel & Prom said on Tuesday sales up 68% in the first half of 2010, helped by the rise in production fields in Gabon and in particular the development of production fields and Omgw OMBG . Note that the oil companies are particularly sought after in recent sessions.The oil was indeed installed comfortably beyond 80 dollars.
Vilmorin published Tuesday a consolidated turnover in 2009-2010 increased by 6.2%, supported by his vegetable business. The fourth seed has confirmed global forecast fiscal year 2009-2010 ended June 30, "a good performance of its margins," despite the increased "significantly" from its investment in research.
Teleperformance announced Tuesday for the first half rose 3.9% in sales on a reported basis, down to a 2.6% decline in comparable, indicating that the positive impact of its restructuring plan on the second play part of the year.