The values to follow on Wednesday at the Paris Bourse, where the CAC 40 has risen sharply and takes 1.75% to 3,551.87 points at 12:42, after the recent half-yearly publication of the index generally encouraging.
* VIVENDI signs the largest increase in ACC and climbed 4.56% after announcing an anticipated increase in its annual results for 2010 and maintaining its dividend at least 1.40 euro until 2012, after a first half marked by higher performance expectations, including SFR.
Lafarge wins * 4.41%. CA Cheuvreux has raised its rating to outperform against under-performance for valuation issues.In addition, Moody's confirmed Tuesday evening Baa3 debt rating of the group he had placed under review in early August for a possible lowering.
* Also in Construction, VINCI was up 2.89% after confirming its forecast for an improvement in its net profit this year and said he had good visibility for 2011 and beyond given the backlog. SAINT-GOBAIN earns 2.65%.
* In contrast, Bouygues is the only value of ACC in the red, losing 0.67%.The group has slightly raised its sales target for 2010 but has expressed an intensification of the relief of its subsidiary Colas (-4.75%), including the weakness in the first half was partially offset by Bouygues Telecom and TF1 ( 1.2%).
* CARREFOUR advance 2.9% to 36.87 euros after the publication of his semi. Deutsche Bank raised its target price of 36-41 euros and reiterated its advice to buy the title.
Moreover, the Japanese distribution Aeon will bid on the assets of French in Thailand, Malaysia and Singapore, it was learned from sources close to the matter.
* ARCELORMITTAL garnered 2.08% with its sector in Europe (+1.6%), driven by a slight rebound in manufacturing activity in China.
* Sanofi-Aventis jumped 2.23%.In an interview with Reuters, CEO of Genzyme considers the probability of finding an agreement on an offer from Sanofi on American group, however, reiterating that no question of accepting the proposed price of $ 69 per share
* Out ACC, CAM, highest increase of the SBF 120, jumped 5.1%. The group has returned to growth in the second quarter after four consecutive quarters of decline and forecast a continued recovery in its automotive business.
6.63% * Havas abandoned after publishing an organic growth in the first half making him "the last of the class" in its sector, in the words of its chairman and largest shareholder, Vincent Bolloré.
* BOURBON loose 3.5%.Specialist Marine Services has published the results down in the first half because of the growth of its operating costs, but the group says still confident in its ability to achieve the objectives of its plan 2011-2015.
* Wendel advance of 3.89%. The investment company has seen its half year results increase sharply thanks to a rebound in performance of its investments as listed and unlisted said there was "no urgency" to make asset sales.
* Transgene is 5.05% after a positive opinion from the European Medicines Agency for the final phase of clinical trials of its treatment of a form of cancer, TG4010.The biotechnology company publishes its interim results this evening after the market closes.
* April Group climbed 4.21% after first half results found encouraging. CM-CIC and Socgen went to purchase the title.
The European financial markets have closed lower Monday, investors still fearing a slowdown in the global economy, but the exchanges were, however, supported by numerous mergers and acquisitions in progress.
The Paris CAC 40 index finished the session with losses, yielding 20.43 points (-0.58%) to 3487.01.
Trade volumes were particularly weak during this meeting due to a holiday in Britain.
The pharmaceutical values showed the strongest gains, taking Sanofi-Aventis 0.66% after the rejection of its proposal for redemption by Genzyme.
Intel announced on Monday the takeover of the division of components for mobile equipment of Germany's Infineon Technologies for $ 1.4 billion, pushing back the title of the latter 3.69% at closing.
Other declining value, the title Safran lost 2.3%, the group had denied preparing a bid for Capital of Zodiac, whose title has however jumped 10.45%.
Tokyo stocks ended virtually unchanged on Tuesday (-0.07%), caught between downward pressure related to the strength of the yen and satisfaction related to solid quarterly results and found the stronger than expected for Sales of new homes in the United States.
The Nikkei index closed at 9496.85 points while the broader TOPIX, took 0.03% to 846.12 points.
Home sales in the nine to the United States jumped from 23.6% in June is, in percentage, the stronger rebound since May 1980, reassuring investors about the risk of a relapse of the U.S. economy.
In terms of value, the manufacturer of household products Kao Corp. gained 1.1% to 2.111 yen after the announcement of an increase of 34.6% of its operating profit for the period April to June, to 26.17 billion yen (231 million euros).
In contrast, the continued strength of the yen continues to handicap the exporting groups.
The semiconductor equipment supplier Tokyo Electron, the semiconductor maker Advantest, and the carmaker Honda and decreased from 0.42 to 1.62%.
The International Monetary Fund (IMF) estimates that the economic recovery of the United States proves stronger than expected but still weakened by high unemployment and a moribund housing market.
The IMF has slightly raised its outlook for U.S. growth to 3.3% for 2010 and 2.9% for 2011, but he added that unemployment would remain above 9% for two years, with inflation still low.
In a statement released Thursday after annual consultations with the U.S. authorities, the IMF considers that the recovery from the recession is affirmed by an efficient reaction of the authorities in monetary and fiscal policy.
"The outlook has improved with the recovery but weaknesses remain in household balance sheets and financial services, combined with high unemployment may slow private spending," observes the Fund.
Innumerable reactions, unsurprisingly diametrically opposed, welcomed the detailed design of the government on pensions, and most employers applauding while unions and the left have criticized the "injustice" of the reform.
"A reform unfair and short-term almost a provocation"
First, since the relevant draft law applies to employees, trade unions, who will meet Thursday to diagnose common government proposals, said they were furious and insisted – except that FP should not participate – on the importance of the day of strikes and demonstrations of June 24
Eric Aubin, head of pensions to the CGT, has asked the government to "rewrite" his reform project "taking into account what the unions say.The CGT vilifies "a brutal reform" with "conditions of acquisition of pension rights the most drastic in Europe.
François Chérèque (CFDT) speaks of "reform unfair and short-term almost a provocation," saying that "85% of the effort is borne solely by employees. According to the CFDT, "the younger generations will pay the price" of a future reform, considered "inevitable".
Jean-Claude Mailly (FOR), "it is in the" work more to earn less ". As Solidarity (South and other unions), he asked "withdrawal" of government copies. The pattern of TF has appealed to his counterparts of the foot."If other unions are on the same position – we will not quibble about this or that point – the unit of action is possible."
Like his colleagues, the TCRC President Jacques Voisin railed that the request to take account of the harshness of certain trades "ends with an end of inadmissibility.
President of the National Fund for Pension Insurance (CNAV), Daniele Karniewicz (CFE-CGC) estimates that "missing" 16 billion euros in the government project to ensure balance. One argument used extensively, especially the PS.
Read also:
The UMP and the MEDEF applaud
Tone different at MEDEF. The employers' organization sees "a great step forward" in the decline of legal age, but criticizes the "higher taxes on savings, considered harmful to business financing.The judge CGPME reform "fairly balanced".
In the National Assembly, the weather was stormy at the presentation of the reform commission by Eric Woerth, in which the leading members Jean-Marc Ayrault, PS called "a little respect and listening."
If the New Centre (NC) regretted the lack of "systemic reform" wing called "social" of the majority approved warmly. "The worker who started work at 17 years can be confident and secure," said UMP deputy Pierre Mehaignerie. For Alain Juppe, the reform is "very ambitious, comprehensive and above all fair." However, the president of Modem Bayrou has found the project "not fair".
Outcry left
Martine Aubry, the Socialist Party first secretary, branded "irresponsible reform.She believes that "the postponement of the retirement age to 62 years is a measure which does not solve ideological problems of funding pensions.
Segolene Royal has denounced "a threefold denial" of Nicolas Sarkozy, "the worst part" to deny "the promise" of 2007 not to touch retirement at age 60.
Also strong criticism from the Greens ("an outrageous injustice"), and other leftist. But "the battle is not over," hopes the PCF.
As to Marine Le Pen (National Front), she denounced reform "actually written by the MEDEF, the European Commission and the rating agencies.
