In mid-session, before a long weekend of three days, the Dow Jones (+0.35%) continues to flirt with a score of 12. 500Pts (12,497 at the highest at 19.15) and the "S & P" (+0.5%) to trace its zenith 1.340Pts. The most striking is the index "VIX" that the floor tu annual 14.5 Pts like in mid-February or during the summer of 2007 (or late October when the Dow peaked towards 14.700Pts). The confidence of the managers reached new highs last 48 hours ... as if the U.S. budget problems did not exist and as if the Fed could continue forever to print the hundreds of billions of dollars that are saving the country from bankruptcy for 2 years.
Paris (0.43%) ended the session exactly at opening (4021.9 pts) and aligns a third consecutive session for a weekly gain of 1.2%.
In Europe, the average increase amounted to 0.45% in the wake of the DAX-30 gained 0.6% and that of Milan (1.45%). London consolidates -0.15% -0.25% and Amsterdam in the wake of the telephone operator KPN (-8%).
The CAC 40 was opened on Thursday a second "gap" while the subsequent avalanche of quarterly profits "exceed the estimates" (Intel, Apple, UTX, VM-Ware) upstaged a further decline in the Ifo climate index Business in Germany (to 110.4 in April against 111.1 in March). No "bad news" does not seem to affect markets: Wall Street climbs 0.5% in mid-session (Nasdaq rises to 2.818Pts, "S & P" to 1.337Pts) despite the plunge of the index ' Philly Fed 'to 18.5, against 43.4 in March (and 37 expected).
In Europe, no one seems to care about the voltage levels at 2 years Greek (22.2%) and Portuguese (11% ... 10% more than the day before). Such levels, however, invite to fear imminent restructuring of the Greek debt and losses for the banking sector (BNP-Paribas takes 2.05%, Dexia +1.6%) and insurance (AXA gained 1.2%).
Currency traders also ignore the problem of sovereign debt peripheral countries since the euro has set a new annual record at $ 1.4650 (1.4580 cec evening).
The dollar benefit only marginally from the slight decline in enrollment in weekly unemployment benefits: they fell from 13,000 to $ 403,000 (385,000 anticipated), according to the Labor Department. The four-week moving average rose 2,250 to 399,000 and the total number of persons receiving regular benefits has remained stable at 3.69 million.
So the micro-economic aspects that dominate the debates in this period of "quarterly" on the CAC, Schneider Electric, ranked in the forefront (+2.7% to 117.3 euros), following the announcement of an organic growth of 11.8% in the first quarter and confirmed its full-year, starting with organic growth of 6% to 9% this year. Peugeot is also in the head with up to 2.6% Saint Gobain (+2.4%) and Lafarge (+1.6%) which enjoys a favorable recommendation from Goldman Sachs.
Alstom rose on his side of 1% after signing with Shanghai Electric Group a letter of intent that includes the creation of a 50/50 joint venture to consolidate the activities of both partners in the field of boilers for power plants.
CAC Hors, Wendel (+3.2%) and Edenred (+3.3%) are in the vanguard ... Accor also disappoints (-4% to 30.2 euros), after the publication of a turnover of 1.35 billion euros for the first quarter 2011, up 5.8% as reported and 5.5% on a comparable basis.
CAC Hors Sodexo (-1.6%) and Beneteau (-3.95%) are also severely punished after announcing their respective quarterly performance below estimates.
Paris (0.43%) ended the session exactly at opening (4021.9 pts) and aligns a third consecutive session for a weekly gain of 1.2%.
In Europe, the average increase amounted to 0.45% in the wake of the DAX-30 gained 0.6% and that of Milan (1.45%). London consolidates -0.15% -0.25% and Amsterdam in the wake of the telephone operator KPN (-8%).
The CAC 40 was opened on Thursday a second "gap" while the subsequent avalanche of quarterly profits "exceed the estimates" (Intel, Apple, UTX, VM-Ware) upstaged a further decline in the Ifo climate index Business in Germany (to 110.4 in April against 111.1 in March). No "bad news" does not seem to affect markets: Wall Street climbs 0.5% in mid-session (Nasdaq rises to 2.818Pts, "S & P" to 1.337Pts) despite the plunge of the index ' Philly Fed 'to 18.5, against 43.4 in March (and 37 expected).
In Europe, no one seems to care about the voltage levels at 2 years Greek (22.2%) and Portuguese (11% ... 10% more than the day before). Such levels, however, invite to fear imminent restructuring of the Greek debt and losses for the banking sector (BNP-Paribas takes 2.05%, Dexia +1.6%) and insurance (AXA gained 1.2%).
Currency traders also ignore the problem of sovereign debt peripheral countries since the euro has set a new annual record at $ 1.4650 (1.4580 cec evening).
The dollar benefit only marginally from the slight decline in enrollment in weekly unemployment benefits: they fell from 13,000 to $ 403,000 (385,000 anticipated), according to the Labor Department. The four-week moving average rose 2,250 to 399,000 and the total number of persons receiving regular benefits has remained stable at 3.69 million.
So the micro-economic aspects that dominate the debates in this period of "quarterly" on the CAC, Schneider Electric, ranked in the forefront (+2.7% to 117.3 euros), following the announcement of an organic growth of 11.8% in the first quarter and confirmed its full-year, starting with organic growth of 6% to 9% this year. Peugeot is also in the head with up to 2.6% Saint Gobain (+2.4%) and Lafarge (+1.6%) which enjoys a favorable recommendation from Goldman Sachs.
Alstom rose on his side of 1% after signing with Shanghai Electric Group a letter of intent that includes the creation of a 50/50 joint venture to consolidate the activities of both partners in the field of boilers for power plants.
CAC Hors, Wendel (+3.2%) and Edenred (+3.3%) are in the vanguard ... Accor also disappoints (-4% to 30.2 euros), after the publication of a turnover of 1.35 billion euros for the first quarter 2011, up 5.8% as reported and 5.5% on a comparable basis.
CAC Hors Sodexo (-1.6%) and Beneteau (-3.95%) are also severely punished after announcing their respective quarterly performance below estimates.
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