Expected to light up on the Paris Stock Market

After a rebound of 3.6% in two days, the Paris Stock Market is expected to start the session slightly higher thanks to the easing of concerns about the reduction of support measures by the Fed and the risk of credit crunch China. Asian markets were buoyant this morning while rates in the Chinese money market continue to relax after their surge last week. The Nikkei 225 for Tokyo Stock Exchange index has ended with a gain of 2.96%, while Hong Kong gaining 1.15% and Shanghai hovering around the balance a little more than an hour of fence. Always in search of information about the health of the U.S. economy, the market monitor this afternoon Statistical expenses and revenues of U.S. households, considered one of the pillars of overseas growth. Also three Fed officials must intervene on Thursday. The financial sector should be monitored at the European Council in Brussels will focus particularly on the banking union. Finally, note that Italy is preparing to award up to 5 billion euros of bonds at 5 and 10 years. About 30 minutes of opening, the July futures contract on the CAC 40 index gained 4.5 points to 3726.

On the macroeconomic front, INSEE present before opening the results of the economic survey of French households for the month of June. They will be followed at 10:00 by the unemployment figures for the same month in Germany at 10:30 by the latest estimate of GDP in the UK in the first quarter, then by 11:00 the index of business climate, economic sentiment and confidence consumers in the euro area in June. Three U.S. statistics enliven the afternoon: the weekly jobless claims and the income and expenditure of households of May at 14:30, then the promises of home sales last month at 16.00.

On the values ​​front, BNP Paribas, Credit Agricole and Societe Generale will take the center stage after reached between the finance ministers of the European Union (EU) on the issue of loss-sharing agreement in the event of bank failure . The agreement will enter into force by 2018, includes a new rule that EU countries can impose losses on bondholders and depositors whose accounts exceed 100,000 euros in case of difficulties of establishment.

Vicat plans to acquire a majority stake in the Indian Jayajothi Sree Cement, a subsidiary of the holding company Shriram, valued at about $ 250 million, reports the Times of India, citing sources familiar with the matter.

Vinci and Predica insurance subsidiary of Crédit Agricole, are candidates to buy the block of 9.5% Aéroports de Paris sold by the state and the strategic investment fund, wrote agefi. The offers have to be filed Friday morning, the newspaper online.

Sanofi. The new project for the reorganization of R & D group will be presented to the Central Works Council on Tuesday plans 270 job cuts, including 63 in Toulouse, Les Echos. The initial project included 900 starts.

Among the analysts' reports, JPMorgan downgraded Solvay "neutral" from "underweight" and lowered its price target on Arkema from 72 to 68 euros. SG Cross Asset Research lowered its target on Wendel from 98 to 92 euros. Finally, HSBC cut its target price to Kering from 220 to 220 euros.