Hesitation expected at the Paris Bourse
Due to the close of trading on Wall Street Monday due to holiday, financial markets were closed in Paris trading volumes starved (1.7 billion euros of shares traded), slightly increase of 0.34%. With the reopening of U.S. exchanges, they should return to normal levels on Tuesday. However, caution is still required, especially after the Bank of Japan has expressed reservations about the economic outlook in the United States.Around 8:15, the future of the CAC 40 rose 0.33% to 3683.50 points.
The Nikkei, less than an hour from the close of the Tokyo Stock Exchange, fell sharply from 0.82% to 9224.94 points.
Eurogroup meeting on tax credit
On the macroeconomic front, the day will be especially marked by the meeting of EU finance ministers in Brussels to discuss the establishment of a tax on stock trades and discuss financial supervision in Europe.
On the currency markets, the euro back to a high of three weeks against the dollar, pulled down by renewed concerns about the European banking sector.At about 8:00 the single currency worth 1.2801 dollars (-0.57%).
On the side of companies, two new publications interim results are scheduled before the opening of trading on Tuesday: Medica and Inter Parfums.
In addition to cyclical stocks traidtionnels – banking and automobiles – investors will closely monitor the behavior of steelmakers after the announcement of the recovery plan of 50 billion dollars of Barack Obama and rising steel prices. Chinese steelmakers show increases of about 4% to 5%.
Peugeot unveiled the price of its electric car: it will cost about 30,000 euros. According to Japanese newspaper Nikkei, the group will produce an electric vehicle in 2012 in Vigo, Spain, with its partner Nippon Mitsubishi.
Deutsche Bank announced Monday it is mounted to the capital of France Telecom at 5%.This raises concerns of a particular union, which fears that it is harbinger of a merger with Deutsche Telekom.
The laboratory specializes in homeopathy, Boiron, whose share price was suspended on Monday, announced this evening have succeeded with the Court of Appeal of Versailles in a tax record.
After a half year marked by declining performance, Audika, the specialist distributor of hearing aids, said he adapted his communication campaigns to bring back into its stores seniors stung by a gloomy economic climate.
Vinci has won a contract worth 264 million euros for an underground parking and landscaped grounds in Qatar.