2011年5月18日星期三

CAC 40: The decline is growing ahead of New York

The Paris Bourse is stepping up its fall Monday penalized like other European markets by the renewed concerns over the financial situation of Greece.
Around 12:30, the CAC 40 index dropped 1.4% to 3962.6 points, after losing up to 1.6% at the lower of the morning.
Unsurprisingly, the financial components of the index are particularly affected by fears about the Greek situation. Credit Agricole (-2.6%), BNP Paribas (-2.1%) and Societe Generale (-1.4%) and accuse the largest decreases of ACC.
For many analysts, the arrest of Dominique Strauss-Kahn does not argue in favor of a resolution of the crisis in Greece.
"The crisis triggered by the IMF's dramatic arrest of its director general French could jeopardize the willingness of the institution vis-à-vis a new operation in support of Greece," said Arnaud Poutier, at IG Markets.
Other major European markets also cede the ground, London and Frankfurt declined by 0.9% and 1.4%.
The euro is still struggling against the greenback at 1.4110 dollars less.
As for values, Alcatel-Lucent is down 2.5% to about 4.2 euros, while UBS has withdrawn its recommendation of short-term "buy" on the title, while leaving its recommendation to 12 months 'neutral'.
Note that a further consolidation looks toward New York, with losses currently set at 0.5% for contracts "future" U.S..

没有评论:

发表评论