Paris shares AFX at a glance outlook

Paris shares AFX at a glance outlook

	Published : Wed, 24 Jan 2007 08:47 By : Agencies Print this Story

PARIS (AFX) - Shares are expected to open higher as Wall Street's gains overshadow corporate news at the start, including overnight results from STMicrolectronics that showed fourth quarter sales fell short of analysts' expectations, dealers said.

Yesterday, the CAC-40 index ended down 4.71 points at 5,575.07.

Volume was 6.6 bln eur.

On the Matif, February CAC-40 futures were trading up 30.0 points or 0.54 pct at 5,611.5 ahead of the official opening.

The euro was trading at 1.3024 usd, against 1.3030 late yesterday.

FORTHCOMING EVENTS

TODAY

-Klepierre FY sales

-Ingenico FY sales, after market closes

TOMORROW

-Air Liquide FY sales, 7.00 am

-Euro Disney Q1 sales, before market opens

-Jan business climate indicator, 8.45 am

-L'Oreal FY sales

-PPR Q4 sales

-Essilor FY sales

-Neuf Cegetel FY sales

-TF1 FY sales

-Pernod Ricard Q2 sales; press conference in London, 2.00 pm Paris time

-Lagardere investor day, including strategy presentation on media ops

-Beneteau investor day

-Casino FY sales, after market closes

-Saint-Gobain FY sales, after market closes

-NRJ FY sales, after market closes

TODAY'S PRESS

-Axa supervisory board chairman urges tougher transparency rules for hedge funds (Financial Times)

COMPANY NEWS

-GDF FY EBITDA above 5 bln eur, net above 2.2 bln; plans pre-merger ops with Suez

-STMicroelectronics Q4 net profit jumps 51 percent; sales below expectations; sees qtr-on-qtr drop in Q1 sales

-Oberthur Card Systems Q4 sales up 13.1 pct; sees H2 profits higher than H1, 2007 results up

-New Vivendi 'World of Warcraft' sales surge at launch to set record for PC game

-Danone to enter Thai dairy goods market via jv with local player

-Italy antitrust authority launches probe into Total, 8 other oil cos on price setting

-Spir maintains FY margin guidance as sales rise 3.5 pct

-Ubisoft Q3 sales up 24 pct, sees 16 pct rise in FY sales

-Etam warns FY profits may fall slightly after 'difficult' Q4

-Haulotte sees 2007 net, sales higher as Q4 sales jump 52 pct

MARKET SENTIMENT

-Bouygues upgraded to 'buy' vs 'neutral' at Merrill Lynch

paris@afxnews.com

mjs/tc

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