Results and Fed menu on the Paris Bourse for a week shortened

Shortened due to Easter weekend, next week should still be devoted to results of companies on the Paris Bourse, even if investors await the Fed meeting after the warning from Standard & Poor's (S & P) on world power. On Monday, the rating agency has provoked a thunderclap, lowering the prospect of the United States, which means that the country could lose its precious triple A (best possible score) in both years. Already ailing with the persistent rumors about Greece, the markets have dropped sharply earlier in the week before picking up just as much and recross the threshold of 4,000 points in Paris. During the past week, the CAC 40 index rose 1.19% to end Friday - the last day of the week - to 4021.88 points. After the initial shock, reading analysts had been seeing this warning from S & P "a blessing in disguise." "Stock markets have certainly shaken but there was no discernible fears about the U.S. bond market. The markets have seen this warning as a weapon for Obama offers a plan to reduce debt," said Bertrand Lamielle, B * Capital (BNP Paribas). Investors quickly turned to business results, on both sides of the Atlantic, and speeches of leaders who have thus far been fairly optimistic despite the Japanese disaster occurred in March and the inexorable rise in commodity prices materials. For most investors, shocks such as Japan or the troubles in the Middle East "are seen as temporary events and insufficient to stop the resurgence," said Frederick Buzaré of Dexia AM. Because he believes the stock markets still rely on the U.S. Federal Reserve (Fed) "to provide cheap and abundant liquidity in order? Fuel the recovery." In this context, the meeting Tuesday and Wednesday the Fed will be closely monitored, because the central bank can provide guidance on its strategy for ending the crisis so that its measures of economic support (called quantitative easing program) must to end June 30 The question is whether it goes to end its program, how fast, or whether it will launch a new one. For Frédéric Leroux society Carmignac Gestion, the prospect of a third program monetary support seems likely because the U.S. economy still has many gray areas (employment and housing in particular) and that fiscal restraint required by S & P will have to be compensated. The publication Thursday of U.S. growth in first quarter will be another highlight of the week. Besides the flag, it must reckon with several statistics on real estate and consumer confidence. Above all, investors will have to be cautious as the market evolves in volume expanded slightly, indicating a "low level of conviction," says Buzaré, which is suitable for a turnaround. "A market that is down 2% Monday, and 2% on Wednesday lost its compass" for his part said Mr. Lamielle B * Capital.