Paris shares TFN at a glance outlook

Paris shares TFN at a glance outlook

	Published : Wed, 18 Apr 2007 08:08 By : Agencies Print this Story

PARIS (Thomson Financial) - Shares are expected to open lower as some investors take profits in opening deals, although strong earnings statements for L'Oreal may lift sentiment, dealers said.

Yesterday, the CAC-40 index finished down 3.83 points or 0.07 pct at 5,858.14 on volume of 5.8 bln eur.

On the Matif, April CAC-40 futures were trading down 10.5 points or 0.18 pct at 5,848.5 ahead of the official opening, and the euro was quoted at 1.3595 usd compared to 1.3573 usd late yesterday.

FORTHCOMING EVENTS

TODAY

-Feb current account balance, 0645 GMT

-Technip AGM

-Eiffage AGM, 0800 GMT

-Camaieu Q1 sales, after markets close

-Etam Developpement FY results, after markets close

-Haulotte Q1 sales, after markets close

TOMORROW

-Accor Q1 sales

-Schneider Electric Q1 sales

-Clarins Q1 sales, after markets close

-Bic Q1 sales

-Haulotte Q1 sales

-Vivendi AGM

-Rexel Q1 sales (1600 GMT)

-Pierre et Vacances Q2 sales

TODAY'S PRESS

-Sebastien Holdings controls 4.76 pct of Vivendi's capital; intends to vote against four resolutions at Vivendi's AGM on Friday (Les Echos)

COMPANY NEWS

-Valeo chairman says the group has received no firm takeover offers

-Club Med says Accor cuts stake to 6 pct

-Essilor Q1 sales rise 6.2 pct to 735.6 mln eur, driven by Europe, Asia

-Faurecia Q1 sales jump 11.5 pct but it sees growth slowing

-Capgemini looking for 3 more acquisitions worth over 1 bln usd in India

-ADP March passenger traffic up 10.5 pct

-Sanofi-Pasteur wins US FDA licence for 1st avian flu vaccine for humans

-Air Liquide debt rating outlook cut to 'negative' from 'stable' - Moody's

-L'Oreal Q1 sales up 8.4 pct; like-for-like, acquisitions offset currency

-Zodiac in talks with Carlyle to form 28-72 JV for marine ops

-Repower supports Suzlon's 150 eur share takeover offer, 10 eur above Areva's

MARKET SENTIMENT

-Neuf Cegetel initiated 'overweight' by Morgan Stanley, target 35 eur

-Atos Origin cut to 'sell' vs 'hold' at Citigroup

-Vinci downgraded to 'neutral' from 'overweight' by HSBC, target 120 eur vs 115

tfn.paris@thomson.com

vb/amb

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