2011/5/6

CAC40: downward trend expected to open

The Paris Bourse is expected to continue its consolidation on Friday with an expected start of the session slightly lower. Paris and European markets have limited the damage yesterday with an average decline of less than 1% (-0.95%) but still line up a third straight session decline
About 8:15 or 45 minutes before the opening, the futures contract on the CAC 40 index shows a loss of 0.05% to 3 966Pts.
On Wall Street, the trading session ended with a consolidation rather unspectacular ... but it is not that the operators retain this May 5
At almost a year apart to the day, a "flash crash" devastated-not the U.S. stock indices, but the raw materials sector, with a dip of -10% of oil (up to $ 98.3 on the NYMEX) and -13% of the silver metal (or a real crash of -30% in 4 sessions between 49 and 34.5 U.S. dollars).
The commodity indexes suffered one of the most serious corrections of the decade in a single session: to -5% (-4.9% in the final).
The "leverage effect" has had a devastating effect on Thursday: the "de-leveraging" has resulted in the "panic selling" on the part of operators exposed too ... which eventually contaminate Wall Street late in the session with the Dow Jones has lost up-200Pts (including 120Pts-in half an hour shortly after 8:45 p.m.) before the limit break in the last quarter of hour.
The S & P "lost -1.3% to 0.9% in the final yield and the Nasdaq, less involved in the" commodities "sold only -0.48% to 2.815Pts.
In Germany and prices of industrial production (10.30) in April in the UK.
Alcatel-Lucent has issued this morning of first quarter revenues, to 3.740 billion euros, up 15.2% over first quarter 2010. Reported net income (Group share) is negative by 10 million euros - 0,00 euros per share. This includes an exceptional gain of EUR 69 million.
Biscay realizes a turnover in Q1 2011 of EUR 129.1 million for continuing operations, up 15.3% (+12.2% after controlling for the impact of the planned shutdown of the stationery in March 2010). The Group thus exceeded the levels of billing for 2007 and 2008.