The CAC 40 rose despite disagreements over Greece

After one week mixed, where the CAC 40 had yielded 0.89%, the Paris Bourse, encouraged by the tone on Wall Street has rebounded on Monday. Despite the new German demands against Greece, the Paris index was bent back, ending up 1.17% to 3997.39 points. At the close, the London FTSE gained 0.53% to 5753.85 points. While the German Dax 1.16% 6332.10 clinching points.

United States to the European Commission, through France, many voices were raised for prompt action against speculation aimed Greece. A sign of nervousness of the market, rates on Greek bonds to ten years have passed that on Monday for the first time the 9% and bond to two years 13%, unheard of for a country in the euro area.Under pressure from financial markets, Athens has yet agreed Friday to call on rescue plan joint EU and IMF announced on Monday "concrete steps" to reduce its deficit "drastically," what reassure …

Aid before May 19?

German Chancellor Angela Merkel warned this weekend that his country would release the aid unless Greece undertook on a "credible" deficit reduction and reform. A possible aid payment would, then, before May 19, when the next bond issue in Greece.

Meanwhile, Wednesday's meeting of the Strategic Committee of the Federal Reserve, investors are sensitive to the strong performance of Wall Street, which closed Friday at its highest since 19 months and opened to the balance on Monday.165 earnings announcements of U.S. firms are expected this week. After Carterpillar and Texas Instruments on Monday, come Tuesday Dupont, UPS, and U.S. Steel. In the first three months of the year, Caterpillar earned $ 233 million against a loss of 112 million a year earlier and raised its forecast for 2010, so the title jumped 5.76% to 72 $ 74 in session on Wall Street.

In Paris, the banks have been unevenly weakened by the turmoil on Greece. As Credit Agricole lost 0.29% to 12.225 euros, also because of a lowering of recommendation from analysts of Credit Suisse. BNP Paribas has taken revenge + 3.02% to 54.56 euros and Societe Generale clinching 1.33% to 43.675 euros cons about 2% earlier in the day.

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