The CAC 40 Opens in decline until the Fed and U.S. GDP
The Paris Bourse falling off again Friday at the opening in the wake of American and Asian seats in anticipation of several economic indicators, the estimate of U.S. GDP in the second quarter, and the speech by Fed Chairman Ben Bernanke.
Around 9:15 am, the CAC 40 index yields 0.14% to 3470.19 points.
Carrefour leads the ACC increases and takes 1.04%, followed by Lagardère earning 0.68% Thursday after noting its 2010 objectives.
EADS shows the largest decline and fell by 3.06%.The daily Les Echos reported on Friday that its subsidiary Airbus has revised downwards its forecast production rate of the A350.
Outside ACC wins Scor 2.86% after an increase of recommendation from JP Morgan to overweight cons neutral.
London and Frankfurt are treading water, instead yielding UK 0.04% while the German rises of 0.01%. As for the European indices, the EuroStoxx 50 fell by 0.2% and the Eurofirst 300 lost 0.18%.
The Euro remains above 1.27 dollars after its rebound from yesterday, and traded around 1.2707 against the dollar.
U.S. light crude oil retreated slightly and treated around 73.10 dollars a barrel.
- The Paris Bourse down in early trade
- The Paris Bourse cautious before U.S. data
- The Paris Bourse off again down the debt burden in the euro zone
- Slight rise on Wall Street pending acquisitions
- Production Eni encumbered by Libya 1st quarter
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