Paris shares AFX at a glance outlook |
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Thu, 08 Feb 2007 08:58
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PARIS (AFX) - Shares are expected to open flat to lower after hitting a fresh five-year closing high yesterday and after Wall Street ended the day little changed, dealers said.Yesterday, the CAC-40 index closed up 26.22 points or 0.46 pct at 5,703.00, its highest level since May 2001.On the Matif, February CAC-40 futures were trading down 4.5 points or 0.08 pct at 5,702.0 ahead of the official opening, and the euro was 1.3009 usd against 1.3019 late yesterday.FORTHCOMING EVENTSTODAY-Lagardere FY revenues (after close)-Wendel Investissement Q4 sales-GFI Informatique FY sales-CNP Assurances FY sales (after close)-Eiffage Q4 sales (after close)TOMORROW-December industrial output (8.45 am)-December trade balance-Altran FY sales-Alcatel-Lucent FY sales (before open)TODAY'S PRESS-Alcatel-Lucent to announce 12-13,000 jobs cuts tomorrow (most French papers)-Saint-Gobain seeks buyer for abrasives unit (Challenges)-France Telecom's Orange, Vodafone to merge 3G networks, may merge networks fully (UK Guardian)-NYSE-Euronext merger to get final clearance in the next few days (WSJE)COMPANY NEWS-Wavecom FY net 4.7 mln eur vs 8.7-Legrand FY net beats consensus, sees 2007 sales up 7-10 pct-Hermes FY sales up 6.1 pct, in line with consensus-Saint-Gobain declines comment on report co seeks buyer for abrasives unit-Vivendi's Canal Plus Polish unit FY sales 220 mln eur, up 10.8 pct; net drops 43 pct-Algeria's Sonatrach to create French gas distribution unit, competing with GDF-Renault FY net drops 14.8 pct but beats consensusMARKET SENTIMENT-VEOLIA UPGRADED TO 'BUY' VS 'HOLD' AT DRESDNER KLEINWORTparis@afxnews.commrg/abr
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