European shares dive in the red

New waves of turbulence on Thursday on European equity markets. At 2:35 p.m., the CAC 40 yielded 3.10% at 3403.06 points, in a transaction volume of more than 3 billion euros. The London Stock Exchange lost 2.04% at the same time, while the German Dax loose 2.41%. Already very tight, investors have been demoralized by a poor U.S. statistics: registrations are weekly unemployment rose against all odds, for the first time since early April in the U.S. during the week of May 15, at 471 000 446 000 cons the previous week, according to the Labor Department.

The euro goes down quickly and found $ 1.23, after having taken the day 1.5% up to 1.2414 dollar. The rebound came after the sharp decline of the single currency in the night from Tuesday to Thursday, which has pushed the euro to a new four year more, to 1.2144 dollar.

In Paris banking stocks pull the index up. Credit Agricole rises from 1.17% to 9.49 euros and signed the largest increase in the index. Societe Generale gained 1.62%, 36.40 euros and BNP Paribas, 2.1% to 47.23 euros.

According to Finance Minister Christine Lagarde, the euro is not "in danger". His German counterpart, said this morning in the Financial Times that he considers the markets "really out of control" and advocates more regulation.

Several statistical significance Thursday

In Germany, producer prices rose 0.8% in April, official data showed on Thursday.In one year, they recorded a rise of 0.6%.

In the U.S., the composite indicator of economic activity for the month of April and industrial activity in the Philadelphia area in May are still awaited by the operators No teletrack payday loans.

Air France: record loss

On the CAC 40, a single value in the red: Arcelor Mittal, which lost 1.21%, to 24.49 euros.On the SBF 120, it appears as Soitec the red lantern (-6.64% to 8.84 euros): the producer of silicon on insulator for the semiconductor industry has confirmed its forecast return to operating breakeven this year, Concentrix off after a current operating loss reduced during the second half of 2009-2010.

In addition, Air France-KLM (+0.06% 9.61 euros) confirmed anticipate a return to operational balance in 2010-2011 after posting record losses after an exercise she calls it himself as "annus horribilis." Franco Dutch airline, which renounces propose an annual dividend, also undergoes an early exercise sealed by the eruption of the Icelandic volcano Eyjafjöll.

Credit Agricole (1.17% to 9.49 euros) was no surprise on Wednesday confirmed the appointment of Jean-Marie Sander as his successor Rene Carron as president of the bank, marking the arrival of a new tandem leaders the head of the listed vehicle of mutual group.

Sanofi-Aventis (0.90% to 30 euros): Brazil has given the green light to redeem Medley by the pharmaceutical company for 500 million euros.

The Board of Directors and the two main shareholders of Sperian have agreed to repurchase the company specialized in personal protective equipment by the industry group American Honeywell for $ 1.4 billion. The shares are still suspended from trading.

Are expected date general meetings of CIC, Carbone Lorraine, Thales, Rexel, Eramet and Suez Environment.

Posted by admin

No Comments Yet - You can be the first to comment!

Sorry, comments for this entry are closed at this time.