European markets based on the surge on Wall Street Wednesday, but also on purchases cheaply. The NYSE has erased its losses late in the session to close up 0.2%. A technical rebound which was conducted in a context of bad macro news (sales of new homes in July after falling sales in the former, smaller increase than expected orders for durable goods).The Paris markets will also be comforted by Asia which has borrowed the same road this morning as Wall Street.

After consecutive declines (which have seen the ACC lost 2% since Monday), European investors are making purchases on the cheap pending the release of weekly unemployment registration in the United States earlier this afternoon.

Side currencies, the euro remains strong against the dollar. In morning trade, one euro is worth 1.2710 dollars (0.31%) and 1.2712 in mid-session.

The Paris markets react to the small decline in unemployment in France in July, fell after the market closes Wednesday.More importantly, they welcomed the battery results fell before the opening.

Accor flies, Gemalto tumbles

For the first time in years, the industrial take over ads on macroeconomic indicators:

After his former branch of service Edenred, Accor issued this morning. The group announced a net loss for the first half of 64 million euros against a loss of 236 million a year earlier. Despite very conservative outlook, the stock market welcomed the performance: Accor shares are leading the ACC with an increase of 4.68% to 24.6 euros.

Credit Agricole has reported a net profit of 379 million euros in the second quarter, well above the 280 million expected by the markets. Net revenue reached 5.469 billion euros and the cost of risk fell by 13%.Again, the stock appreciates: the titles are among the highest increases with a jump of 3.28% to 10.225 euros.

Bureau Veritas (4.30% to 47.34 euros) announced adjusted net income Group share up 8.9% to 149.5 million euros in the first half. Turnover was up 1.5% to 1.349 billion euros. The group aims to increase its sales in the second half of the order of 10% and expects a "slight increase" in operating margin over the full year 2010 on the current scope.

Gemalto has reported net earnings fell to 63 million euros in the first half and sales of 840 million euros, up 5%. The group said banking on accelerated growth in the second half, with a turnover of over one billion euros over the period.The title gives 2.63% to 28.67 euros.

Bongrain (+0.19%), Lagardere (0.41%), Stallergenes (1.34%) and Etam (1.56%) will release after the market closes.

Wednesday, L'Oreal (5.77% to 80.14 euros) announced an operating profit up sharply in the first half and higher expectations. This performance allows the number one global cosmetics find a level of operating margin similar to the record first half of 2008.

L'Oreal and Total (0.24%), major shareholders of Sanofi-Aventis (-0.81%) would otherwise be reserved for the proposed acquisition by Genzyme, fearing that the French pharmaceutical group pays its target too expensive , said Wednesday the banking sources told Reuters.

BioAlliance Pharma (5.03%) received European agencies agreed in principle on the filing in mid-2011 the registration dossier of the drug against herpes labialis.The laboratory recorded a strong increase in its turnover in the first half and a net positive.

For candidates, two strong expressions dominate his mandate: "To provide programs and quality information for all and on all screens" and establishing "a bond of trust with the viewer citizen." This is to make a difference with the private television, he said, "is addressed, it, to consumers.""With the abandonment of advertising that allows us to contact the citizen and not the consumer and thanks to digital, we can offer an open television and inspires confidence."

Remy Pflimlin identified four key priorities in terms of programs. In order to defend the French production, he first insisted on the need for innovation in French fiction. For him, it is essential to develop new formats. It intends to increase "the time series and soap operas all day develop that are specific to strings.

For him, "it is essential to intervene very early and be able to finance the audiovisual writing. Similarly, he wants to develop the documentary. While paying tribute to his predecessor, he intends "to expand to new topics such as history and science."Also in line with the previous team, Remy Pflimlin continue "the diffusion of the performing arts. But the next president wants to "give emphasis to contemporary.

Strengthen the identity of channels

Finally, in terms of information, who has been a media owner wants to return to the fundamentals of "a group with 2,000 journalists." "At a time when our citizens are subjected to a constant flow of information, we must allow them to find the references in terms of rankings and explanations of the latter. We must not fall into the trap of the Internet by example and participate in the race. It is not only the credibility of our editors, but of the entire company. "However, he stressed the need" this information and logs run on all screens.That means to move the organization of editors.

For Pflimlin Remy wants to put digital at the heart of its strategy. "France Televisions has taken a little behind in its offerings, but also in exchanges on social networks. Yet more than 10 million of our fellow citizens consume television wrestling TV. It must therefore be given the opportunity to enjoy our programs on all the screens and that of the reaggregate their choice. "

As such, it has announced the appointment of a controller that will define digital, personally, a strategy for the group. This area such as fiction and documentary should be rare, enjoying a transverse direction, apart from general services.For in terms of organization, Remy Pflimlin intends to restore "a bit like Radio France principals embody the antenna channels and will have a strong autonomy in terms of programs." Its purpose is to strengthen the identity of channels: France 2 to be the chain of events, France 3 and RFO those of nearby, while France remains one of four innovation and France 5 that of decryption.

Moratorium on Economy

The changes in the organization has implications for social dialogue. "We must go to the essential," he said. "That is to say, first determine the objectives for the company and think about the business, organization of work and equal representation based on them." Thus, the future president of France Televisions will take time to reforming the company.For this, it says it wants to build on existing teams in place "and" indisputable retain professionals in their careers. "

Finally it is prudent on the financial issue and falls within the framework of the law which provides for the extinction of advertising. In this case, it does not advocate "for the increase in the fee. Otherwise, it will ask a "moratorium" for France Televisions to keep its advertising.

Thursday came another statistics support the poor with claims of unemployment rose 13,000 to $ 472,000 in the figures as at June 26, while economists on average expected a decline to 452,000 over the figure of 457,000 originally announced. This does not suggest the best for this afternoon.

The futures contracts reflected in the opening up of the order of 0.7 to 3362 points.

Note that the meeting in Paris will be exceptionally today around 41 values because of two new entities of Accor.

The trend has been better after the session on Wall Street to limit losses. At the close, the Dow Jones lost 0.42% to 9733 points, the Nasdaq was down 0.37% at 2101 points and the S & P 500 drops 0.32% to 1027 points. This morning in Asia, calm prevailed in the markets.

On the face values, we will therefore:

Bank stocks after doubts about the health of European banks. According to the Financial Times, a score of banks would be forced to raise funds after testing resistance.

Edenred (new name of Accor Services) made its market debut.The award technical reference of the title was set at 11.40 euros, a figure which is located in the lower range of 11-14 euro advanced Tuesday by the chairman of Accor at its general assembly and lower than its During Thursday on the gray market, which was around 12 euros depending on traders.

Accor: according to Les Echos, the group is also about to give the caterer railway wagons Beds French Newrest.Moreover, according to the newspaper, the proposed IPO of Lucien Barriere, another subsidiary of Accor, will be presented to analysts on July 7.

GDF Suez: Standard & Poor's said on Thursday lowered the outlook notes A/A1 group of "positive" to "stable", judging unlikely that the group achieves and maintains financial situation justifying an increase in his notes.

BNP Paribas and BPCE, the parent company of Natixis announced an alliance in consumer credit, which will require the development of a common platform operational from 1 January 2013.

Schneider said Thursday night it was in talks with the city of Ashgabat, Turkmenistan, on the renovation of the city's power grid. The Tribune reported Friday that the group has secured this contract, the newspaper figure at 1.3 billion dollars (1 billion euros).

Beneteau lowered from 17% to 15% of its target revenue growth for fiscal year 2009-2010 within the scope of delays in deliveries of vessels. The builder of sailboats and motorboats, however, confirmed its target of operating profit to 37.5 million for its fiscal year ending in late August.

The first reason advanced by the agency for "the provision of 400 million euros related to the recently announced construction of the Olkiluoto 3 reactor in Finland. The further delay of the Finnish EPR, one of four currently under construction by Areva (with Flamanville in the Channel and two other Chinese), forcing the group to a new provision which would involve a negative operating result for the first half 2010. In total, the group has been provisioned 2.7 billion euros for this site should be completed in late 2012 with four years late.

S & P added that the profitability of Areva would also be affected by a "conflict" is contrasted with EDF about the Georges Besse enrichment plant, in the Drome. Both groups fail to reach an agreement to renew the contract which ensures the Areva uranium enrichment EDF.

The rating agency does have a stable outlook on the debt rating of Areva, convinced that the group should be able to implement successfully the remainder of the disposal plan and its plan to increase capital , strengthening its balance sheet.

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The operation of rating agencies

These reviews are intended to reflect the ability of banks to withstand extreme financial and economic conditions. Currently, those made at European level on a score of major banks remain confidential.Last year, only general trends were made public, including the fact that European banks were sufficiently capitalized to face a severe deterioration of macroeconomic conditions.

First published in late July

Nicolas Sarkozy has confirmed at his press conference that the publication of these tests would take place in late July as desired by Paris. Earlier in the day, Christine Lagarde, French Minister of Economy, had told Reuters: "I am very positive about this publication. There is nothing worse than the rumors and doubts about the banks. " The Minister is confident, remembering that French banks have so far yielded positive results. These displays of the solvency ratios for the time, satisfactory. In the opposite case, Christine Lagarde said the banks to recapitalize.

Madrid triggers debate

The day before, the Spanish central bank had announced the forthcoming publication of the results of these tests. The newspaper El Pais had found the ad "unprecedented in the euro area. The Madrid Institute hopes to dispel the doubts now hanging on the strength of its banking sector. The Spanish governor of the Bank believes that the current rumors greatly amplify the difficulties of the Spanish financial industry. He hopes that the markets "are fully aware of the situation in the Spanish banking system."

Banks reluctant

Further to the announcement in Madrid, the German government long reluctant, finally decided to give the green light too. But Berlin has yet to convince its banks. German institutions showed far opposed the publication of these results.

Successful tests of Moody's

The European Central Bank will also favors the publication of these tests. In the eyes of the central bank, the operation of transparency is able to reassure the markets. And regulators have reason to be optimistic. Indeed, European banks have recently passed the tests of strength by Moody's. The rating agency has increased the stress tests to thirty European banks from ten countries, and concluded that they have a level of capital sufficient to take further losses.

Beijing is the first city of the Middle Kingdom to announce detailed measures to tackle speculation, China Daily notes.The cities of Shenzhen (Guangdong Province) and Shanghai would also work on a plan to regulate sales of homes in the wake of measures announced by the government since the beginning of the year.

Under the economic stimulus package introduced in late 2008, priority was given to the promotion of real estate lending. Result, prices in the industry have taken a very strong upward trend, especially in large cities, Natixis said in a note. So much so that some observers suggest the hypothesis of a housing bubble.

Debate on the interest rate

The only objection was on the interest rate of 5% which Paris ready to Greece three years. The Socialists, Fran?ois Hollande and Henri Emmanuelli it was too high. But Jerome Cahuzac is more nuanced and noted that this rate is the result of a compromise between heads of state.

Still, the French government should actually earn money in the transaction, since borrows around 2.13% at five years. Baroin has been noted that the plan for Greece "is not an expense to the taxpayer! Is this why the consensus in France? "I believe above all that unlike Germany we have a culture of state intervention," said the UMP J?r?me Chartier."It is logical as German citizens, who have made sacrifices to repair their public finances, are more reluctant than the French, who were not virtuous," says the centrist Charles de Courson.

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The London Stock Exchange and Frankfurt have also recovered well in the wake of Wall Street, buoyed by an upturn in consumer spending … The London FTSE 100 closed up 1.02% to 5770.98 points. The German Dax closed up 1.26% to 6249.70 points.

Thursday evening, the CAC 40 lost 1.20%. After rising almost continuously since February. The index had been weakened by fears of renewed solvency of Greece.

The lifeline of the ECB

Fears eased by the reassuring words of Jean-Claude Trichet, called "lifeline" by the Greek press.The President of the European Central Bank, rejected any risk of contagion to other countries, like Italy. He also assured that a default of Greece was "beyond question". In fact, the President of the European Union, Herman Van Rompuy, promised Friday that the Europeans are "ready to intervene if the Greeks call" and implement a plan of assistance involving the IMF, which Greece seems to want to avoid. French President Nicolas Sarkozy confirmed: the European Union is ready to activate its plan "at any time.

These incentives have led to a rebound of the euro against the dollar above $ 1.34 this morning, then at 1.3385 dollars this afternoon. Volatility remains a must. After being stretched to 7.5%, the yield on loans to 10 year-old Greek, too, calmed a time, returning this morning to 7.2%.It said Thursday that Athens be able to reduce its deficit by 40% YoY in the first quarter.

The Greek situation remains fragile. The rating agency Fitch has lowered a few minutes from the end of Paris, noted the long-term debt of Greece, from BBB + to BBB-. This could well lead Greece to seek EU aid promised on March 25 …

According to strategists at BNP Paribas, investors await the issuance of treasury bills by Greece on Tuesday to assess the ability of countries to find core funding. Markets await the second season launch of results from U.S. companies, with Alcoa on Monday.

Side values, in Paris, the banks have been resilient, despite their exposure to Greece, to the tune of fifty billion euros.This does not raise "no particular concern, said Friday the governor of the Bank of France Christian Noyer, even if the French regulators monitor" closely "the situation.

The rising price of rubber has instead penalized cars, Michelin (-0.08%) signing the only declines the CAC 40.

The plane, still in prototype stage, used the 12,000 photovoltaic cells covering its wings only source of energy. As expected, the four solar-powered electric motors of an output of 10 hp each. The panels can charge the lithium-polymer that is 400 kg device. The aircraft, which looks identical to a dragonfly, has surprised observers by its silence.

Liftoff …

… And landing

After the jump, the flight

The first flight was operated by the German rider Markus Scherdel. Long delayed by adverse weather conditions, it occurs after an initial "jump" of a few meters in December 2009. "Not one aircraft of this type has flown in the past, welcomed the Swiss explorer and creator of the prototype, Bertrand Piccard. The take off was "a huge question mark," he recalled. Andre Borschberg, co-founder of the project, added that "the first question was whether we had enough power to lift off and then if we could land this plane" online payday advance. According to Bertrand Piccard, the first success "gave us the confidence needed for the next flight and the next missions.

The Solar Impulse will come into effect as of the first successful step in a long series of tests. The team plans further tests to calibrate the machine and then build a second copy. "We will continue the test flights for improving the design of the second aircraft," said Andre Borschberg. The construction of the second unit to start next year.

Soon round the world

The designers of the Solar Impusle are aiming to launch their second aircraft in the adventure of the world tour. The journey will be in five phases by 2013, rather than 2012 as previously announced.

The ecological objective remains unchanged: "This project primarily to show what we can do in renewable energy," he assured Bertrand Piccard, who asserts that "our future depends on our ability to adapt quickly to these renewables.Solar Impulse is to demonstrate what we already can do today to use these energies.

Next step in the schedule of organizers: a journey of 36 hours non-stop before the summer from Payerne to test the device's ability to operate day and night.

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Also surprising is it, this opening is in the meanings of the Amazon listings for the past six months. In fact, Amazon had already opened its application for reading books in digital mobile phones iPhone and iPod Touch by the firm at the apple.Specifically, a user who has purchased a digital book on Kindle bookshop (which bears the same name as the drive itself) will have the opportunity to read or to continue reading on the iPad tablet.

"For consumers around the world who do not (the tablet reading) Kindle (application) for Mac Kindle is a great way to immediately access and read new books most popular and classical favorites "said the director of Amazon Kindle, Jay Navy, in a statement.

This announcement confirms that buyers of the new multimedia tool iPad perceived as a threat to traditional tablets reads like the Kindle will have the choice of several systems to read books.

"Amazon has done excellent pioneering work of this feature with the Kindle, we will build on its achievements," said Steeve Jobs in presenting the iPad late January.