(Boursier.com) – TREND
The Paris market fell again on Thursday after the ECB meeting. The CAC40 landed heavily from 2.8% to 4,243 points. The market hopes of new support measures after the publication of inflation to its lowest level since 2009 (+0.3% in September), but the ECB decided to keep rates on hold and take no further unconventional measures . Bank stocks were particularly unscrewed after the decision of the European Central Bank, but it is the whole market that has suffered from lack of ECB action: no value CAC40 is in the green, only 6 values of the SBF 120 managed to go against the trend. Across the Atlantic, the right numbers of American jobs (287,000 weekly jobless claims, against 297,000 consensus) were not enough to reassure investors; Wall Street also connects a second session in the red.
ECO AND CURRENCY
The Governing Council of the European Central Bank has not touched its key rates at the October meeting after, against all odds, explored new lows in September. Although inflation in the euro zone has fallen in September to its lowest level since 2009, the conference of the Oct. 2 results in maintaining the refinancing rate at 0.05%, while the rate of marginal facility remains at 0, 30% and that the deposition rate remains to -0.20%. Economists were unanimous in betting on the status quo. Faced with fears of deflation, Mario Draghi, however, did not rule out taking further unconventional measures. “If it should be necessary to address the risks of a too long period of low inflation, the Governing Council is united in its commitment to use (these) instruments,” he has argued.
According to the latest study conducted by Challenger, Gray & amp; Christmas on the issue, announcements of corporate layoffs have affected 30,477 people in the United States in September 2014, which emerges as the lowest level since June 2000 …! This compares to total 40,010 positions in August 2014 to 40,289 jobs in September 2013 Total Q3 stood at 117,374, against 124,093 in the second quarter and 128,452 a year earlier.
The weekly jobless claims in the United States for the week ended Sept. 27 were $ 287,000 in number, against 297.000 and 295.000 consensus a week earlier. The average four weeks stood at 294,750, against 299,000 a week earlier.
American industrial orders in August 2014 plunged 10.1% compared to the previous month, against a consensus -9.3% and after an equally unusual gain of 10.5% in July with Boeing orders at Farnborough. Excluding transportation, factory orders in August fell back to 0.1% in July, against 0.7% a month earlier.
The euro / dollar is trading at 1 in 2645.
VALUES UP
* Among the few gains of the day, TF1 gained 1.1% to 10.83 Euros . The title of “a” is supported by a UBS note rose to purchase on the record this morning, targeting 13.30 euros against 12.30 euros previously. UBS since 2012 was neutral on the issue. M6 follows up 2% with Faurecia
VALUES DOWN
* Societe Generale , red lantern CAC40, fall from 5.1% to 38.61 Euros. The ECB decision to leave rates unchanged and no additional unconventional actions announced by the institution chaired by Mario Draghi has sealed the banking sector in the Paris Bourse. BNP loose 3.5% to 50.53 euros, Credit Agricole lost 3.4% to 11.40 euros and Natixis slipped 3.4% to 5.28 euros.
* Total landed heavily from 5% to 48.19 euros after the announcement of the ECB. The oil services sector is also manhandled with CGG (-2.4% to 6.83 euros) and Technip (-1.4% to 64.50 Euros.)
* Airbus unscrews from 2.5% to 47.87 Euros. The Japanese company Skymark Airlines difficulties hopeful of finding common ground with Airbus by the end of the month, on penalties due to the manufacturer after the termination of the order of 6 A380. Since then, discussions have been undertaken to mitigate contractual penalties. Airbus would have retained 26.5 billion yen (about 192 million euros) already paid by the carrier, and would consider additional damages and interest.
* Schneider loses 2.4% to 58.77 Euros. The group received the green light from regulatory authorities to finalize the sale of Custom Sensors & amp; Technologies (CST) at The Carlyle Group and PAI Partners. As part of the transaction, Schneider Electric has reinvested approximately $ 100 million alongside Carlyle, PAI and TSA management to hold a stake close to 30% in CSE. The group considers that TSA had little synergy with the rest of its business. The group had agreed in April on the farm supply The Carlyle Group and PAI Partners on the basis of enterprise value amounting to $ 900 million.
* LVMH loose 1.7% to 128 Euros. The title was applied a portion of the Sence by JP Morgan which went positive on the title for 155 Euros, 145 Euros against previously. But the announcement of Mario Draghi precipitate action in the red.
* Areva gives up 0.5% to 12.10 Euros. The EDF group and sealed a new framework agreement for the provision of education and the production of fuel for nuclear reactors hex energy company from 2015 to 2021 Both industrialists will parallel strengthen technical cooperation to develop new products to improve the performance of the French nuclear fleet.
* Orange sinking 2.5%. The group is in talks with Netflix for a possible distribution agreement, said Pierre Louette, deputy director general of the operator. “There is no obstacle to doing business with Netflix in the future, and we could very quickly announce an agreement” of the type that was signed between the American group and Bouygues Telecom, said the person during an interview with the Bloomberg agency. Orange could not only offer the Netflix service to its customers, or approximately 10 million people, but also allow the American to use its infrastructure.
* Vivendi loses 1% to 18.54 Euros. The group again eyeing the media sector in the United States, five years after selling its remaining 20% stake in NBC Universal. It is in any case the information obtained by the ‘New York Post’, which understands that Vincent Bolloré has revived ambitions of the group, which has already established contacts with at least one company for a transaction. Vivendi could spend $ 1 billion to an operation in the United States, according to sources obtained by the newspaper in the technology and digital domains, to complement its refocused on the musical content (UMG) and AV (Canal +) portfolio.
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