2011/5/6

CAC40: tendency hesitant before U.S. unemployment figures

The Paris market is evolving on a hesitant note since the beginning of the session, as we approach the release of U.S. unemployment figures. CAC40 gleans 0.3% to 4,019 points, in line with Frankfurt, while London was down 0.3%.
Thursday in New York, the Dow had ended on a loss of 1.1% to 12,584 points and the Nasdaq dropped 0.5% to 2,815 points.
"If confirmed rupture of the support of 4,008 points, the next downside targets CAC40 will be closing the gap from 19 April to 3929 points and 3862 points of support," warns a Chartist Barclays Exchange.
In early afternoon, investors will have their eyes riveted to the United States will be revealed when the employment report for April, deemed "critical" by one analyst at Aurel-BGC.
The latter states that "if indeed the U.S. employment is less dynamic private consumption, caught between an acceleration of consumer prices and sluggish wage income, will rapidly slow down."
Economists expect an average of 200,000 new jobs outside agriculture, but some may have revised their expectations downward after the ADP survey on Wednesday, which has reported 179,000 new posts in the private sector.
Pending this appointment, the markets react to quarterly publications and punish severely those of Alcatel-Lucent.
The title was down over 1% to just over 4.2 euros: the telecoms equipment maker posted a net loss of EUR 10 million and saw its revenues shrink by nearly 22% on a sequential first quarter 2011.
The values ​​held by banks against the upper hand, as Natixis (+2% to 3.9 euros) and Credit Agricole (+1%), while RBS has announced quarterly greeted at the London Stock Exchange .
Wendel (-0.1%) posted Thursday a turnover of over 1.4 billion euros for the first quarter, up 24.9% with an increase in activity for all group companies.
Morocco Telecom gained 1.3% to 14 euros despite an operating profit at 31 March 2011 of 2.974 million dirhams (about 262 million euros), down 7.2% (-7% on a comparable basis).