Friday May 9, 07:51 AM
Paris shares TFN at a glance outlook
PARIS (Thomson Financial) - Shares are expected to open lower Friday morning as the market continues to consolidate in the wake of its recent rally and soaring oil prices weigh on sentiment.
Yesterday, the CAC-40 index closed 19.73
points, or 0.39 percent lower, at 5,055.58.
On the Matif, May CAC-40 futures were trading at 4,979.50 ahead of the official opening, and the euro was quoted at $1.5440 compared to $1.5398 late yesterday.
FORTHCOMING EVENTS
TODAY
-March industrial production 0645 GMT
MONDAY
-Energie '08 conference for energy companies and institutional investors (all week)
TODAY'S PRESS
-EDF (Paris: FR0010242511 - news) buys land near British nuclear sites (report in Financial Times)
-Airbus (Paris: NL0000235190 - news) to step up cost-savings plan to finance A350 XWB; measures being considered include an increase in working hours, which is already being discussed in Germany, as well as large-scale transfers of work outside the euro zone (Les Echos cites letter sent by Airbus CEO Thomas Enders to staff)
-Lafarge (Paris: FR0000120537 - news) in lead to buy Larsen & Toubro's ready-mix concrete business (India's Business Standard)
COMPANY NEWS
-Societe Generale (Paris: FR0000130809 - news) names Didier Valet as new chief financial officer
-Bourbon SA Q1 sales 211.7 million euros, up 21.4 percent from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates
-Maroc Telecom (Paris: MA0000011488 - news) (53 percent-owned by France's Vivendi SA) says Q1 sales rose 13.9 percent to 6.965 billion dirhams
POLITICS/MACROECONOMIC/MISCELLANEOUS
-European Central Bank President Jean-Claude Trichet says there was no call for rate hike or rate cut at Thursday's ECB Governing Council meeting, and the decision to leave rates unchanged was unanimous
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