The Paris Stock Market pauses

After rebounding more than 2% Wednesday reassured by the words of the President of the ECB, the Paris market addresses the session slightly lower.
After two session rebound, the Paris Stock Market takes a deep breath. In early trade, the CAC 40 was down 0.34% to 3713.07 points.

French morale fell to a new record low in June, largely as a result of fears of rising unemployment, according to the National Institute of Statistics and Economic Studies (INSEE).

Fears about the evolution of U.S. monetary policy and drying credit risk in China, however, continue to fade. The agreement reached last night by finance ministers of the European Union on the delicate issue of sharing the losses in case of bank failure is likely to reassure investors. A compromise that takes a few hours of the opening of the European Council.

The U.S. markets ended up almost 1% last night. The downward revision of GDP for the first quarter were interpreted as likely to delay the announced reduction of asset purchases by the Federal Reserve. The Standard & Poor's 500 index closed above 1,600 points for the first time last week.

Meanwhile, the Chinese markets recover prudently, led by a modest rebound in financial stocks, although many uncertainties remain on the management of liquidity by the People's Bank of China. The cash rate on the Chinese money market trending down for the fifth straight session after soaring last week. Tokyo also has a rebound of 2.96%.

Stocks ​​to follow

Paris Orleans (0.015% to 18.45 euros), holding company of the Rothschild bank reported yesterday evening adjusted net profit up 17% to € 47 million for the fiscal year 2012-2013 due to the increase in revenues in the merger and acquisition advisory and reductions in administrative costs. Revenue rose 1% to 1.15 billion euros.

Global Bioenergies (-0.86% to 32.17 euros) is planning a capital increase of EUR 20 million to finance the industrialization of the manufacturing process of isobutene, a chemical involved in many Product, in particular fuels.

Alcatel-Lucent (2.43% to 1.35 euros) set at 1.80 euro the price of convertible bonds (bond) that a bond issue to refinance tranche maturing in 2015. 39.4% of the outstanding 2015 convertible bonds were redeemed. The maturity of the new tranche in 2018.

Also note, the British laboratory Sinclair IS Pharma, which was trading on Euronext of anecdotally, will leave the Paris stock exchange on 12 August.