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Paris shares AFX at a glance outlook


Published :
Fri, 30 Mar 2007 07:55
By : Agencies
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PARIS (AFX) - Shares are expected to open flat to higher, hanging on to yesterday's sharp gains thanks to modest gains overnight on Wall Street and amid optimism after a strong US GDP report, dealers said.

Yesterday, the CAC-40 index closed up 78.84 points, or 1.42 pct, at 5,631.53.

On the Matif, April CAC-40 futures were trading up 2 at 5,635.5 ahead of the official opening, and the euro was at 1.3339 against the dollar, compared to 1.3329 late yesterday.

FORTHCOMING EVENTS

TODAY

-Monthly consumer confidence survey, 8.40 am

-Feb unemployment figures, 8.45 am

-Feb producer price index, 8.50 am

MONDAY

-Altran FY results (before market opens)

-DCN/Thales press conference on merger

TODAY'S PRESS

-Vallourec undervalued by 70 pct based on US Steel acquisition of peer Lone Star (Les Echos cites analysts)

-Safran to spin off defence, security ops (Les Echos cites works council meeting)

-Maurel et Prom board split over size of special dividend after Congo disposal (L'Agefi cites unnamed source)

COMPANY NEWS

-EDF Energies Nouvelles orders 184 wind turbines from GE Wind for US unit

-Vinci, ASF, Cofiroute ratings affirmed, off CreditWatch neg, outlook neg - S&P

-Natixis to auction 800 mln usd of loans issued to US subprime lender New Century

-NRJ Group FY net, opg profit hit by TV, Mobile ops; recovery seen in 2009

-EADS co-CEO Gallois still sees 20 orders for Airbus A380 in 2007

POLITICS/MACROECONOMIC/MISCELLANEOUS

-Sarkozy to win 2nd round of presidential election vs Royal with 53.5 pct of vote - poll

MARKET SENTIMENT

-EDF ENERGIES NOUVELLES STARTED 'NEUTRAL' AT MERRILL LYNCH, TARGET 42 EUR

-SCOR STARTED AT 'NEUTRAL' BY HSBC; 21.60 EUR TARGET

paris@afxnews.com

mrg/jfr




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