The Paris Bourse corrects
Investors take profits after the gains of recent days and despite the publication of an increase, stronger than expected industrial production in August to 1.8%, according to Insee. Around 14:20, the CAC 40 yielded 0.58% at 3784 points.
Fears of a future correction are increasing especially after the new growth market this week. Technical analysts fear a return to 3500 points.
Traders expect the status quo of U.S. interest rates for a few months after the speech of Ben Bernanke yesterday. This indicated that the Fed would be "ready" to act in time to return to a normal monetary policy. "When economic prospects are sufficiently improved, we are ready to tighten monetary policy to eventually bring our balance to a more normal configuration," he said.
On the macroeconomic front, the United States will publish at 14.30, the trade balance in August.
Values follow
CNP Assurances (6.01%) recorded the largest increase in the SRD. The full benefits of the change in board Exane BNP Paribas in its regard. The broker records the title to "outperform" cons "neutral" earlier, and increased its price target from 75 to 84 euros.
Following him, NRJ Group gained 4.91%, Dried environment rose 3.28% and Valeo advance of 3.24%. The automotive supplier enjoys a higher recommendation on its title by CA Cheuvreux, of "underperformance" to "outperform." The target price from 17 to 24 euros.
Within the Cac 40, nearly half the values are changing in the red, but only allows itself Vallourec more than 1% (1.11%).The cuts are all contained in less than 1%, except for PPR (-1.5%) and Michelin (-1.07%).
Wendel yields 0.22%. According to the Tribune, Stahl folder could lead to litigation between Wendel Investissement and U.S. group Carlyle, which had acquired the specialist in coating and processing of hides three years ago. The two companies would not agree on its recovery.
Theolia (-1.25%) yielded a project of 9.2 MW wind Boralex, a specialist in the field of renewable energy.The amount of the transaction remains unknown.
Ruby (1.01%) signs a contract with Shell to resume its network of service stations in the region of Corsica, and one with Total for the recovery of part of its network in this region, representing an overall sixty stations.
LaCie (+4.79%) achieved a net profit of 4.6 million euros in 2008-2009 against 17.3 million the previous year.