Paris shares AFX at a glance outlook |
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Thu, 22 Mar 2007 09:14
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PARIS (AFX) - Shares are expected to open sharply higher in keeping with Wall Street overnight which was lifted by the dovish tone of the Federal Reserve's statement, dealers said.Yesterday, the CAC-40 index finished down 1.09 points or 0.02 pct at 5,502.18 on volume of 5.0 bln eur.On the Matif, April CAC-40 futures were trading up 84.0 or 1.52 pct at 5,603.0 ahead of the official opening.The euro was at 1.3374 usd versus 1.3300 late yesterday.FORTHCOMING EVENTSTODAY-Saint-Gobain FY results, after market close-Areva FY results, after market closeTOMORROW-Bollore FY results-Eurazeo FY resultsTODAY'S PRESS-Technip has been awarded a major contract to develop a gas plant in Olokola, Nigeria, according to a spokesman for the Nigerian National Petroleum Corp (Les Echos)-US investment fund Apollo may launch a bid for French car parts maker Valeo (Les Echos)COMPANY NEWS-French govt authorises social security reimbursement of Sanofi-Aventis obesity drug Acomplia-Repower Systems AG is willing to be bought by either Areva or Suzlon Energy Ltd and would prefer it if the two rival bidders formed an alliance, Fritz Vahrenholt, chairman of the German wind turbine maker, said at a news conference on its full-year results.-Luxury goods group Hermes International reported a full-year profit of 268.4 mln eur, up 8.7 pct on the 2005 figure of 247 mln eur, supported by faster sales growth in the fourth quarter and a 14.1 mln eur gain from the sale of a stake in Leica Camera AG.-Ciments Francais launched 500 mln eur 10-year bond issue-Bollore said it has sold 3.5 pct of its stake in Vallourec for 377 mln eur, with an estimated gain of 345 mln eur, thereby reducing its stake to 3.97 pct.-Rallye announced a full-year operating profit of 1.045 bln eur, up 9.0 pct on the 2005 figure of 959 mln eur, citing 'improved competitiveness' at food retail division Casino Guichard-Perrachon and a higher contribution from its investment portfolio, which offset a loss at the Go Sport unit.-Provimi FY net up 15.1 pct to 54.8 mln eur boosted by high-margin productsPOLITICS/MACROECONOMIC/MISCELLANEOUS-NilMARKET SENTIMENT-Alcatel-Lucent cut to 'neutral' from 'buy' at Goldman Sachs
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Aerospace and transportation highlights to 09:10 GMT 