The Paris Bourse ends in decline, disappointed by the Fed – Le Figaro

The CAC 40 index lost 36.76 points 4282.54 points in a low volume of trade of 2.9 billion euros. The day before, he had 0.51%. Mergers and acquisitions have been honored with the Bayer offer on Monsanto and the proposed merger between Technip and US FMC.

To not be able to acquire the Swiss Syngenta last year finally fell into the clutches of the Chinese ChemChina to $ 43 billion, Monsanto is now the target of Bayer . Weakened by lackluster results, especially related to lower demand in the United States, the US group has seen its capitalization melted nearly 20% in one year. A golden opportunity for the German giant Monsanto dominate with over a third of global agrochemical market. The terms of the offer were not disclosed. Last week, Bloomberg evoked a price of more than $ 40 billion. Given the current capitalization of the producer of the herbicide Roundup (42.7 billion at the close last night), the Rhine chemist however, had to make a higher offer. The importance of the check to sign Bayer to seize American King of seeds seems to worry investors: the title of inventor of aspirin sold over 8.5% to 88.15 euros

in Paris Technip jumped 6.31% to 49.30 euros. Investors welcomed its proposed merger with CME, one of its main US competitors. The goal is “to create a global company at the forefront of the industry that reinvents the production and processing of oil and gas.” The operation, carried out by exchange of shares, is billed as a “merger of equals” as the capital of the new entity will be called TechnipFMC 50% owned by Technip’s shareholders and 50% by those of FMC. Similarly, the board will have seven members from each company.

Euler Hermes (-4.53% to 78.38 euros) posted one of the declines in the SBF 120, Allianz Life with Wednesday having initiated the sale of 3.88 million shares of specialist credit insurance, or 8.56% of capital. Euler Hermes is committed to participate in the German insurance placement through an irreducible order of purchase, the distribution price, on 2.2 million share of its own shares representing approximately 4.9% of capital.

the macroeconomic figures of the day

on average over the first quarter 2016, the unemployment rate based on ILO is 10.2% of the workforce in France, as in the fourth quarter of 2015. in France, the number of unemployed was stable at 2.8 million people; the unemployment rate thus remains at the level of the end of 2015 (9.9%). Compared to the first quarter 2015, the unemployment rate down 0.1 percentage points.

In the US, the index of leading indicators the Conference Board in April rose 0.6%. The consensus expected 0.3% after stabilizing in March.

The jobless claims for the week of May 14 amounted to 278 000 against a consensus of 275 000 294 000 registrations after the week previous.

the manufacturing index from the Philadelphia Fed (Philly Fed) for May stood at -1.8 against a consensus of 2.7 after 1.6 in April. At 17:45 the euro odds 1.1211 dollar, down 0.05%.