European shares climb slowly on Tuesday. The CAC 40 was up 0.23% to 4042.12 points in mid route. Elsewhere in Europe, markets are evolving in an uncoordinated manner. On the London Stock Exchange FTSE-100 fell by 0.49% while in Frankfurt the DAX climbed 0.37%.
Investors remained on guard before the opening of U.S. markets. Several macroeconomic indices of weight are indeed expected across the Atlantic today, while the Monetary Policy Committee of the Federal Reserve (Fed) meets. It will include the index of house prices (15 hours) and the index of consumer confidence (16 hours).
But investors await especially the speech of Barack Obama on the State of the Union tonight, before Congress. The Wall Street Journal, the U.S. President will explain that he intends to find points of growth in renewable energy and research.Barack Obama will announce new spending in education and infrastructure, including road improvements, as the business daily. He could also announce to Congress a tax reform sought by conservatives. "This speech will set the scene for the next two years," says Ross Baker, a political scientist at Rutgers University in New Jersey. "This will also be a delicate balancing act," says this former parliamentary attaché.
Meanwhile, in France:
– Starts of new homes rose 2.4% in December and 6.9% over the last three months of 2010, to 3.5% to rise throughout the year, 346,018 , according to figures released Tuesday by the Department of Ecology and Sustainable Development. Not since July 2009 to observe a 12-month total so high, the ministry said.Meanwhile, the number of building permits granted for dwellings fell 0.7% in December and 1.9% over the period October to December compared with the previous three months.
– Expenditure on French household consumption of manufactured goods rose 1% on average in 2010, a year that ended on a 0.6% increase in December, driven by the end of the scrapping in automotive, INSEE said on Tuesday.
The IMF raised its forecast for global growth
The International Monetary Fund raised its forecast Tuesday for global growth in 2011. The institution said it was counting on 4.4% growth for the year, against 4.2% forecast in October. The forecast has been raised especially for the United States, 3% against 2.3% previously.The IMF explained by Washington's decision to extend for two years of tax cuts decided in 2001 and 2003, which would "add a half point of growth" in 2011.
For the euro area, the forecast was left unchanged at 1.5%, as well as for France to 1.6% against 2.2% in Germany (2% previously). For emerging and developing its forecasts remain broadly stable, with 9.6% growth in China, India 8.4% or 4.5% in Brazil.
Note that the side of the currency, the euro started to fall on Tuesday after almost touched the threshold of $ 1.37 on a wave of optimism in the euro zone and facing a dollar weakened by a resurgence of anxiety on the eve of the monetary policy decision from the U payday loan lenders.S. Federal Reserve (Fed).Vers11H00 in Paris, the euro bought 1.3581 dollars against 1.3635 dollars late Monday.
To follow: Renault, Lagardère and France Telecom
Renault: + 2.43% to 48.47 euros
Carlos Ghosn, CEO of the automaker, has again said Monday that crews were also shocked Nissan as their counterparts from Renault by the discovery of the spy case that hits the mark in diamond.
Interparfums: + 5.56% to 25.64 euros
The manufacturer of fragrances, which reported Tuesday an annual turnover exceeding its own expectations, has revised upward its forecast for 2011 in favor of launching a new fragrance Burberry and integration of Boucheron lines.
Havas: + 1.06% to 3.80 euros
ING has raised its recommendation on Tuesday Havas from "hold" from "buy" on the title, while lowering procurement to "neutral" opinion on the sector of advertising agencies in Europe.
Lagardère: -1.61% to 34.84 euros
The group identified a new time on Tuesday its forecast for operating profit in 2010 for its media business, which should save a contraction of less than 5%, so far it expects a decline ranging from 5% to 10%.
France Telecom: + 0.43% to 16.33 euros
Orange announced Tuesday that it is in exclusive talks with the French platform on the internet Dailymotion videos to acquire 49% of its capital to 58.8 million euros, with an option for up to 100% from 2013.
LVMH: +2.42% to 116.50 euros Hermes: + 1.21% to 146.20 euros
The CEO of luxury goods group Bernard Arnault, has enjoyed a fashion show for Dior (a subsidiary of the group) to reaffirm that the rise in the capital of Hermes was peaceful, also ensuring that it does not take control the famous saddler.
Alcatel-Lucent: + 2.85% to 2.45 euros
The group sees a clear interest from the French telecom operators for future generation mobile networks (4G), but the speed of their deployment will depend very much on the price of licenses to be auctioned by the state.
Air France-KLM: -0.77 to 13.54 euros
A group of independent experts commissioned by the airline to consider the safety of its flights after the crash of Paris-Rio, concluded that the airline had not committed any deviation from the regulations.
STMicroelectronics: -2.48% to 8.35 euros
The group released Monday a profit that exceeded expectations in the fourth quarter but noted that it anticipated a drop in sales in the first quarter, about 7% to 12% sequentially on the other.
Sanofi-Aventis: -0.69% to 50.63 euros
The pharmaceutical giant has hired a search firm to potential candidates for appointment to the Board of Directors of Genzyme, said on Monday sources familiar with the matter.
Spir Communication, Klépierre NextRadioTV SeLoger.com and publish their turnover in the fourth quarter.