The Paris Bourse, which was recorded last week up 3%, continuing its momentum on Monday, while Asian stock markets have risen in comfortable this morning. Halfway through, the CAC 40 advances from 0.78% to 3887.50 points.
The index in Paris was particularly supported by the Chinese stock market, which appreciates the fact that Beijing has not established measures of monetary restriction and price control, despite the announcement Saturday in an inflation rate of more 5%. Good U.S. indicators released Friday is also acknowledged.
Friday night, the CAC 40 finished at 3857.35 points. In Europe, the DAX reached 7,000 points last week. That had not happened since June 2008. The German index reached a low in March 2009 at least 3670 points. Over the year, the DAX was up 17.60%. Unmatched performance in the rest of Europe.Symmetrical and sometimes, as in Spain: Madrid, the Ibex 35 index dropped 15.23% since January 1.
On the foreign exchange market, the euro was stable against the dollar Monday. Around 11:00 am in Paris, the euro bought 1.3219 dollars against 1.3226 dollars Friday soir.La Bank of France published on Monday morning the balance of payments for the month of October. The current account deficit narrowed in October to 2.5 billion euros after 4.4 billion in September.
Accor: focus on the BRIC
The French hotel group Accor (-0.44% to 32.98 euros) is to "accelerate its growth in emerging markets, BRIC (Brazil, Russia, India, China), said Denis Hennequin, the new boss of Accor, during a meeting with reporters on the sidelines of the inauguration of a Sofitel Vienna.CEO since 1 December and CEO effective January 15, the official also assured that the Sofitel brand was intended to remain in the Accor Group.
Air Liquide (0.56% to 96.11 euros) announced its new objectives for the period 2011-2015, including an average growth in sales of 8 to 10% per year and improve its operational efficiency of at least 200 million euros per year.
Belvedere (-2.18% to 49.29 euros), chronic financial problems, announced Monday it had waived "for now" to sell its Marie Brizard after having successfully reduced its debt by other means .
The specialist dermatology products Galderma, a joint venture to 50/50 of French L'Oreal (+0.40% at 22, 80 euros) and Swiss Nestle, announced Monday the launch of a friendly takeover bid on Swedish Mad-Q for a total of 819 million euros.
Alstom (+0.51% to 35.58 euros) will meet with French companies to tender for the high speed train between Helsinki and St. Petersburg, to be launched in the spring. Altsom must also take 25% of Russian TMH. The group also won the TGV in Morocco: the contract of 400 million euros includes 14 duplex trains.
Renault (2.27% to 45.02 euros) will show excellent results in 2010 despite a cautious start to the year. Sales are expected to reach nearly 2.6 million cars, beating the 2005 record, according to our information.Net income could rise to 3.3 billion euros over the year against a loss of 3 billion last year. For his part, Peugeot won 1.83% to 31 euros.
Sanofi-Aventis extended its takeover bid for Genzyme
The hostile bid of 18.5 billion Sanofi-Aventis (-0.61% to 49.01 euros) on U.S. biotech Genzyme has expired Friday at midnight, New York, but has extended its Monday morning offers under the same conditions.
The supervisory board of Areva (2.16% to 358.90 euros) Saturday approved the proposed capital increase of EUR 900 million of public nuclear specialist announced yesterday by the state. The listing of the group was suspended Friday, resume nuclear at the opening of the Bourse.After the capital increase of Areva, Christine Lagarde does not, in an interview published Monday in Les Echos, the IPO of mining or renewable group.
JCDecaux (0.93% to 21.70 euros) announced Monday that its subsidiary JCDecaux Dicon has signed a 10 year contract for the advertising concession International Airport Dubai World Central, Al Maktoum, the new airport under construction in Dubai (UAE). The amount of the transaction is not communicated by the No. 2 worldwide in outdoor advertising.
Veolia Environnement (+0.23% to 21.58 euros) Proglio has confirmed his departure Sunday of the presidency of the group, stating that his focus entirely to EDF.The board has decided to collect as Chairman of the Board and CEO of the company and assign the new CEO Antoine Frerot.
Natixis (+0.24% to 3.77 euros) announced Friday the acquisition of 1.35 billion euros of subordinated notes held by BPCE.
EADS (+0.06% at 17.98 euros), parent company of Airbus, gave his support to John Leahy, Chief Commercial Officer of the aircraft manufacturer, in early November indicted for insider trading for sales of suspicious titles in 2005 and 2006.Airbus also announced on Monday forecast a market of nearly 26,000 units worth a total of 3.200 billion by 2029 in favor of a quicker recovery than expected and dynamism of emerging markets.
Former Legal Director of the Wendel Group (1.59% to 68.40 euros), Arnaud Descleves, filed a complaint for negligence against its former executives, including Ernest-Antoine Seilliere. He blames them for questionable practices incentive that would have ruined and led to the dismissal.
L'Occitane The controlling shareholder of L'Occitane, L'Occitane Group (LOG), sold $ 136 million worth of shares at a discount of 1.9% over Friday's closing. According to the cosmetics group, this sale allows LOG to monetize a small portion of its investment in the company. FBD's share in the capital of L'Occitane happens after the operation from 72.6% to 69.2%.