The Paris Bourse opens down slightly, EDF climbs
Posted by adminThe Paris Bourse continued its consolidation Wednesday despite a series of good results of the CAC 40 falling in the wake of Wall Street reacted negatively to the latest figures on the eve of consumption and the U.S. real estate.
At 9:28, the CAC 40 index shows a decline of 0.38% to 3733.14 points after losing 0.12% on Tuesday.
Investors will pay attention this afternoon at the United States publication of the ADP employment survey and the ISM services.
EDF wins 4.1%, highest increase in the ACC after the announcement of an increase in electricity tariffs from 15 August.These price increases are in the top end of market expectations.
Societe Generale, which opened up 3%, gaining 0.8% after posting better than expected results for the second quarter with a decline in its provisions and a stronger than expected growth in revenues.
Nexity yields 2.3%, largest drop in the SRD. Christine Lagarde, Minister of Economy, has announced a zero-interest loan to replace the enhanced tax credit on the loan interest.
Other major European markets are also down: London and Frankfurt lost 0.8% 0.52%.As for the European indices, the EuroStoxx 50 yields 0.62% and 0.67% Eurofirst 300.
The euro is stronger after a break of recent days and is trading around 1.3205 dollars, as U.S. crude, which trades at 82.16 dollars a barrel.