The CAC 40 hit a new annual high, thanks to Intel and JP Morgan
The CAC 40 ended up 2.14% to 3882.67 points. The index has beaten the previous record meeting dates from Monday and stood at 3859 points. Traders were reassured by the results better than expected giant Intel. Annual profit fell by 5% a year to 1.9 billion dollars. The turnover amounted to 9.4 billion while the company planned 8,8-9,2 billion. The positive trend in U.S. markets, with the Dow Jones now finds himself a short distance of 10,000 points, helped fuel the rise of the CAC 40.
Finally, the Paris market has increased its earnings after the eagerly awaited publication of JPMorgan Chase, the first bank to publish its results. The latter recorded a third quarter net income increased sevenfold to $ 3.6 billion and revenue up sharply.Consequence: banking stocks instead of Paris perform fine performance on Wednesday.
On the macroeconomic side, import prices have emerged up 0.1% in the U.S. last month. The retail sales in September they fell 1.5% from August.
The records have fallen in different markets on Wednesday: an ounce of gold is worth 1070 dollars, the oil back to $ 75 up to its highest in over a year, and the dollar hit its lowest level in 14 months. We must now get 1.4913 dollars for one euro.
The values of the day
In an exclusive interview with Le Figaro, Louis Welsh, CEO of EADS (-1.70%) said that "the Franco-German emerged stronger from the crisis. He showed a new ability to move forward together. French and Germans have agreed on joint proposals, made at European level and the G20.This creates a positive climate for EADS. "
Credit Agricole (+4.12%) announced the repayment of 3 billion euros of deeply subordinated notes (TSS) entered into by the Company of equity of the State under the support plan.
BNP Paribas advance of 3.31%. The Nikkei newspaper said that the Japanese Securities Dealers Association has fined 100 million yen (750,000 euros) to BNP Paribas Securities (Japan) and suspended his membership on current six months. The company has concealed certain information as part of a funding agreement with the Japanese property developer Urban.
EDF rises of 1.53%. The National Assembly noted on its website that the Economics Committee of the Assembly will audition October 27 evening at the future CEO of EDF, Henri Proglio. Members may well ask him about his strategy.
Out CAC 40, Air France-KLM lost 0.83%.According to La Tribune, the company is considering postponing deliveries of planes ordered from Airbus and Boeing to preserve its cash.
Property Regions (-1.09%) announced Wednesday the acquisition of five office buildings, valued at 267 million euros and increased its equity.