Today Hot News

The Paris Bourse has regained some color. At least temporarily. The CAC 40 gained 4.33% to 2973.90 points in a little volume of trade expanded by about 3.3 billion euros. The day before, he had lost 2.61% and nearly 6% in the space of three days.

Moderated somewhat in early trading, the Paris market has accelerated the pace in the afternoon, reassured by the good performance of Wall Street. In session, the Dow Jones advanced 0.30% and the Nasdaq by 0.63%. The day before the New York Stock Exchange had hoisted the green flag in the home straight with any information that has filtered after the meeting of economic ministers of the European Union about a possible recapitalization of banks in Europe.The hypothesis was reinforced Wednesday when German Chancellor Angela Merkel ruled "justified" to recapitalize European banks in need, noting that his country was ready to do "if necessary".

Other European markets rose in unison. London was up 3.19%, Frankfurt was awarded 4.91%, Milan 3.94% and 4.03% Euro Stoxx 50.

Markets were also encouraged by the good employment figures in the United States. The firm ADP, which always reveals its figures a step ahead of the official statistics, said the U.S. private sector had created 91,000 jobs in September, about twice as anticipated by analysts.

But for most experts, this is a rebound "essentially technical" free business cards. In fact the concerns about the future of Greece are still present.Similarly, fears of slowing global growth or even recession are ever more brightly. The International Monetary Fund (IMF) has painted a particularly grim situation. "A global recession in 2012 can not be excluded" admitted Antonio Borges, Director IMF Europe.

Dexia regaining ground

The announcement of the degradation of three notches on the note of Italy by the rating agency Moody's has however not really affected the morale of the operators. The news was widely anticipated by the market. September 20, its rival Standard & Poor's had also downgraded Italian.

Investors have indeed benefited from the falling value of certain financial and industrial stocks in recent days to engage in purchases with it. In Paris, Societe Generale has returned 8.65%, 9.89% Credit Agricole and BNP Paribas 8.5%.Even the Franco-Belgian Dexia threatened to dismantle and had fallen by over 22% the day before a section of the movement. The stock has recovered 1.49%. This is despite a particularly harsh note from Goldman Sachs with respect to the French banking sector.

The cyclical industry and the technology were also in great shape with Cap Gemini (14.18%, largest increase in CAC 40) Saint Gobain (+9.3%), Lafarge (8.72%) and Peugeot (8.60%).

Asia market again the path of higher Wednesday. After avoirclôturé a sharp decline yesterday in the wake of the collapse of European markets, stock markets in the region take advantage of bargains. They are also relieved that Wall Street has weathered the panic by closing on a more moderate decline in Europe.

Another element reassuring: the announcement of an increase, the first since May, the U.S. ISM non-manufacturing index. Good news that comes at a time of doubt about the growing economy of the United States. Moreover, investors who are eagerly awaiting the president's speech Barack Obama on jobs Thursday, learn this morning by CNN that he should propose to spend $ 300 billion to new posts.

Japanese exporters straighten the head

In Tokyo, the Nikkei, which was closed yesterday's session at its lowest for two years, started the day with a gain of 1.54%. It accelerated progression in the morning and was up 1.93% to 8756 points in a half hour of closing. The index is particularly driven by the weakening of the yen against the dollar yen trading at around 77.50 this morning, less than 77 against yen during most of the previous days. The Japanese currency fell after the decision of the Swiss central bank yesterday set a floor rate of 1.20 Swiss francs to one euro.The dollar and the euro are raised in the process, vis-à-vis the Swiss franc as well as the yen.

Also note the decision unanimously, the Bank of Japan (BoJ) to keep its key rate in the range of 0 payday loan lenders.0% to 0.1%, in order to fight against the effects of deflation and the high price of yen. The National Bank has also indicated that he still hoped a return of the Japanese economy to moderate growth between the end of the year and early next.

Side values ​​result: operators take the opportunity to return to the export sector had been battered in recent days.Among the largest increases are as Mazda Motor (3.40%), Sony (3.09%), Sharp (1.52%) and Panasonic (1.31%).

The title Yahoo Japan Corp. also climbed 1.92%, buoyed by the announcement last night of the ouster of the CEO Carol Bartz, in office less than three years, replaced temporarily by Tim Morse, current chief financial officer.

Rebound of the Australian economy

Elsewhere in Asia, is also the time for optimism. The Stock Exchange of Hong Kong and Shanghai respectively, earning 1.20% and 1.32%. The Korean Kospi flies of 2.71%, driven by the technology sector. Samsung Electronics is 4%, LG Electronics and Hyundai Motor 5.3% 2.6%. The Indian Sensex gained 1.03%.

In Australia, the S & P grants itself 2.30%. Operators have learned that the national economy, weighed down earlier this year by natural disasters, experienced a sharp rebound in the second quarter.GDP shows an increase of 1.2% over the period and 1.4% year on year, said Wednesday that the Bureau of Statistics (ABS). These figures exceed the consensus expected a 1% increase in the second quarter and 0.7% year on year.

Since the beginning of the week, the Paris Stock Exchange began its session on a positive note from 1.46% to 3205.89 points, having closed at the balance Tuesday night. In mid-session, the CAC40 clinching still 1.46% at 3205.83 points.

Like the Asian markets, the benchmark index of the Paris market is supported by the slight increase in U.S. markets, reassured by the Federal Reserve. Investors are indeed more and more convinced of the will, confirmed last night by the U.S. central bank to act to restore growth.

In addition, the Atlantic, financial markets are close to their level of January 1, which could be an equilibrium point.Also an element of support for the Paris Bourse, even if it is far from that level (3847.63 points Jan. 3, 2011).

Chapter macroeconomic, investors will learn in 12 hours of agricultural price indices in July. United States, the employment figures for August will be published in the early afternoon, followed by the index of industrial activity in the Chicago area and in industrial orders in July and inventories crude oil.

On the currency front, having been an upward trend since the beginning of the week, the euro fell slightly against the dollar on Wednesday after the announcement Tuesday in a poor indicator of the European economy weighed on the currency European.In mid-session in Paris, the European currency was worth 1.4441, up 0.02%.

Values ​​to follow

In a market with relatively low volumes since the beginning of the week is a new salvo of publication of results, broadly in line with expectations, that drives the third weekly session.

Bouygues strongly supports the trend. After being briefly suspended trading at the opening, the title of group jumped 12.54% to 25.98 euros. The conglomerate has finally published its results on Wednesday, not Tuesday reported on the acquisition of 11.7% of its shares for 1.25 billion euros, a 30% premium over the closing price of the security last night.In addition, the group published a half-year net profit down 27% to 391 million euros.

Similarly, Vivendi (3.55% to 16.75 euros) said it had doubled its half-year net profit to 2.5 billion euros, with a net gain of $ 1.2 billion related to the settlement of a dispute over the PTC shares in Poland. Its subsidiary, Canal +, 80% owned by Vivendi, reported first half sales of 2.39 billion euros, up 2.8% year on year, operating profit increasing by 1 , 9% over this period easy payday loans.

In turn, Carrefour is the sentence (-3.19% to 18.05 euros), after the group announced a net loss of 249 million euros in its first half.Above all, the group has revised downwards its forecasts, expects 15% drop in its earnings.

Last night, L'Oreal (-1.70% to 75.70 euros) has reported an increase in operating profit of only 2% to 1.70 billion euros in the first half. Its operating margin for its part fell 50 basis points to 16.8%, while analysts expected an increase, on average expected a figure of 17.5%.

Vinci (1.48% to 36.06 euros) for registration in the first half net profit up 15.7% year on year and raised its annual forecast.

Cac 40 off the healthy group Hermes (-0.75% to 262.95 euros) is confirmed.The specialist luxury published net income up 49.5% to 290.9 million euros.

Bolloré (stable at 158 ​​euros) saw its net profit grow by 29%, boosted by a gain from the sale of shares of the maker of seamless steel tubes Vallourec.

For its part, Havas (1.82% to 2.8 euro) reported net income up 8% in the first half thanks to an improved operating margin.

Aéroports de Paris (0.74% to 57.27 euros) it has slightly lowered its forecast for fiscal 2011.

Hi-media (-5.31 euros, 3.39 euros) back into the green in the first half, revealing a net profit of 5.1 million euros.

For its part, the oil reacts little to the continued rise in oil prices, and the strategic agreement signed between Rosneft and will explore together the Arctic and as such invest $ 3.2 billion.Technip wins 2.28%, to 66.45 euros and a total advance of 31%, to 33.59 euros.

For its part, Bourbon wins 1.62%, to 22.86 euros. The oil services specialist maritime published a group net profit halved in the first half, to 41 million euros, but put on a recovery in the offshore oil and gas. It also confirms the objectives of its 2011-2015 plan.

Note that Ruby, Mersen (ex-Carbone Lorraine), April, Lagardère, Outremer Telecom, Eiffage, Stef-TFE, Fleury Michon, Bongrain, GFI Informatique, Gameloft, Sopra, Virbac, Reculex, Mr. Bricolage and reveal their Guyenne et Gascogne half-year after the stock market.

ALSO READ:

"Wall Street somewhat reassured by the Fed

"Hi-Media keeps one foot in the electronic payment

"Rosneft and Exxon together explore the Arctic

MEDEF regrets "the unbalanced distribution of efforts between state, local and Social Security on the one hand, and households and businesses on the other." Moreover, "a number of steps leading to increases in production costs adverse to competitiveness," the main concern French employers' organization. Medef cites the increasing social package, a levy paid by the employer under the employee savings plan (participation, sharing …), which will "penalize the share of added value in the company and lead gradually to confuse the profit-sharing with the wages. "

The union claims toufefois "welcome the clear commitment to compliance with the fiscal path."

The National Association of Food Industries for its part believes that the creation of a tax on soft drinks is "unacceptable.""It is a policy identical to that which was conducted for alcohol and tobacco, and we do not want food to undergo this type of approach," said Jean-René Buisson, president of the Association National Food Industries (ANIA). "We are aware of the need to participate in collective efforts but we do not want this action is taken based on the nutritional aspects of the product."

Manufacturers of cigarettes and tobacco shops demanded government action against smuggling to protect their industry, they are threatened after the announcement Wednesday by the government of a new tax increase. "Before 2003, the parallel market was estimated at 2-3%. Today we talk about 20% in 2012, the term 25%? "Pascal Montredon concerned, the President of the Confederation of tobacconists.Several studies have smoked a cigarette in five in France comes from the parallel market, purchased abroad, online or imported through criminal networks

In the construction sector, Ridoret Didier, president of the French Building Federation denounced "a heavy blow to SMEs in the building" with "The change in the calculation of the relief on low salaries and reintegration, in this calculation, the overtime. " "The SME sector will be particularly affected as they are mostly remained at 39 hours," says he told AFP.

Liébus Patrick, president of the Confederation of Crafts and Small construction companies, is pleased to share the "message about the importance of maintaining the 5.5% VAT for maintenance and restoration [ d] been understood as the government realized that we were a growth industry. "It regrets, however, the additional movement of the plane on the "scellier" and equipment for sustainable development: "This will impact on activity and employment," he added.

ALSO READ:

"Tobacco tax: EUR 1 billion savings by 2011

"Rigor: the right plan welcomes the left denounced the cynicism

After controversy and mediocre at best a few misunderstandings, we must acknowledge the political change in the euro area conducted this summer under the leadership of Nicolas Sarkozy and Chancellor Angela Merkel. Once again, it faces its most serious problems that Europe is taking its greatest progress.

After the 2008 financial crisis, Europe has faced since last year in a sovereign debt crisis that is partly rooted in the first. Some countries have seen their debt rise significantly because of the money committed to bail out large parts of their financial sector they have decided to nationalize. This is not the case of France, who withdrew 2.7 billion euros of its plan to support the banking sector. The impact of financial crisis on the real economy have also weighed on state budgets.The current difficulties are also punished too complacent management of public finances, with the vote for decades of budget deficit and rising debt.

This crisis is not unique to the euro zone, whose levels of debt and deficit, relative to the size of its economy, are lower than those of the United States or Japan. But markets have begun to test its strength and cohesion. Appropriate responses are partly national.

Spain and Italy have in recent weeks strong measures. Without being affected by financial stress comparable to other countries have taken appropriate action.

From 2007, France decided to apply the rule of non-replacement of an official two. A path of public finances has been defined, which provides for the return to a deficit of 3% in 2013 and is intangible.For the first time in 2010, spending on Medicare have remained within the limits set earlier this year. Pension reform has also strengthened our financial statements in the long term.

Nobody has the right to lie to the French on the efforts that we must make.No one can return to these measures to ensure financial and social sovereignty.

Appropriate responses are also European.

A fierce solidarity between Member States of the euro zone must win against the selfish temptations or protectionist.

With the creation of the European financial stability, the effective capacity of intervention was increased to 440 billion euros, then the decision July 21 to expand its missions in a preventive role, the Heads of State and Government of the euro area set up in a few months a true European Monetary Fund. It demonstrated its flexibility and means that interventions are tailored to the leads.

Some advocate the creation of European bonds, the "Eurobonds", they present as a panacea.But they forget to say that this would increase the cost of the French debt and could even jeopardize its credit rating. Above all, they pretend to believe that this solution may be considered now as an immediate response to market disturbances.

How to accept today the pooling of public debt through Eurobonds, while the decision to spend public money is taken in each Member State? How to separate the financial responsibility for the management decision?

It is clear that in practice eurobonds can be achieved without considerable strengthening of fiscal discipline and economic governance within the euro area. This means they pass through an integration which there is currently no political consensus.In this regard, I find it ironic that some criticize the initiatives through which we move, but called for the establishment of eurobonds.

The adoption by the Member States of the euro area of ​​a balanced budget rule with constitutional and binding on the annual budget, as proposed by the President of the Republic and the German Chancellor to their counterparts, will s ensure that everyone present as soon as possible accounts tending toward equilibrium. This will give the length of sanitation in the country finance in the euro zone credibility that will restore confidence and to discourage speculation. It would be wrong not to adopt it for the future in all Member States of the euro area. France must, on this issue, set an example.It is in the national interest.

This collective discipline would be meaningless without a collective ambition for growth. The growth in Europe requires an investment in fixed intelligence and knowledge economy. With the tripling of the tax credit research and investment program for the future is the strategy adopted by France. It also requires a better orientation of the Cohesion Fund and European Structural Funds.

In addition, a new step is necessary in the economic integration of countries in the euro area. France defends years the creation of a European economic government. It is proposed that the President of the Republic and the German Chancellor.

Seventeen countries can make the choice to adopt a single currency without incurring a movement of reconciliation of their economies, their tax systems and their social models.France and Germany have always been the motors of European integration. This week with Nicolas Sarkozy and Angela Merkel, both countries have decided to take the next step, including the creation by 2013 of a common corporate tax. On the eve of 50th anniversary of the Elysée Treaty, by which General de Gaulle and Chancellor Adenauer to seal the reconciliation between our two countries, France and Germany show their will to strengthen their convergence and start a new governance European.

Given the magnitude of these challenges, I appeal to the unity and sense of responsibility of all political parties.

Constrained by its primary, the opposition seems to say no in advance, regardless of the question. Yet there is the Socialist Party of economists and officials informed sincere.Unfortunately, while the president and German Chancellor put all their credibility in the balance to defend our currency and that the policy we conduct ensures the maintenance of the rating in France earlier, the Socialist Party seems committed to the proliferation of government jobs and contracts helped, showing that it has not yet taken the measure of effort we need to do to keep our commitments to reduce the deficit and debt.

A message of national unity is still the best answer to the doubts of markets and investor concerns. Indeed, this message most of the major European political forces have chosen to focus.

Nobody asks the French Socialist leaders to renounce their beliefs or even their legitimate ambitions.Recognize the efforts of France and Germany out of the crisis, embark on a "golden rule" of common sense, it would show responsibility and a sense of national interest that would to their credit.

The Asian market returns to the green on Wednesday. Investors in the region are encouraged by the rebound recorded in the markets of Europe and on Wall Street yesterday, despite dominating the wait before the meeting of Heads of States of the euro zone on Thursday. Moreover, U.S. President Barack Obama has sought reassurance on the issue of sovereign debt of the United States. He found "consistent with (its) approach" on raising the debt ceiling a new plan presented Tuesday the Senate, and held that "progress" had been made in negotiations with his Republican opponents.

Finally, another source of motivation for investors: the good results from Apple. After those, equally good, IBM, the group reported Tuesday a quarterly revenue again well above expectations, driven by strong sales of iPhones, particularly in Asia, and tablets iPad.This new support this morning all the technology stocks in the region.

In Japan, the Nikkei shows a rise of 1.15% at 10,003 points at a time of closing, including increased by Pioneer (3.12%), SoftBank (2.61%), Toshiba (2 , 99%) and TDK (3.18%).

The Stock Exchange of Hong Kong more timidly climbed from 0.10% to 21,914 points. The bank is on the rise as Bank of Communications (0.91%). In contrast, the Shanghai Stock Exchange was down 0.41% to 2785 points. In Korea, the Kospi up 1.15% and the Indian Sensex gained 0.36%. The S & P Australian advance of 1.60%, boosted by the progresison heavyweight BHP Billiton (1.64%), which announced that a new record for annual production of iron ore. Action News Corp (3% to 14.94 dollars) is also continuing its rebound after the hearing of his boss Rupert Murdoch in front of British parliamentarians.

Oil up

Oil prices were also up Wednesday in electronic trading in Asia, with investors encouraged by the figures better than expected real estate in the United States, analysts said.

In morning trading, a barrel of "light sweet crude" for delivery in August took 80 cents to 98.30 dollars. That of Brent North Sea crude for September delivery took 69 cents to 117.75 dollars.

Nikos Aliagas will make his return to radio. It will be on Europe 1, to interview people in the new morning Bruce Toussaint. Just a month after announcing his departure from the "6 / 9 'NRJ, with a simple tweet, the host TV and radio back then the tape. Denis Olivennes, the head of the Lagardère group's television station, confirmed Tuesday morning on Twitter.

For its first grid back, the CEO of Europe 1 has muscled its morning. At the helm, Bruce Toussaint, a defector from Canal +. To maneuver for political and big personalities: Jean-Pierre Elkabbach retains his interview. For humor, Nicolas Canteloup has re-signed for a season and retains his column, which is a peak audience of the station with 1.4 to 1.6 million listeners.In a grid, which reaffirms the primacy of the information, Nikos Aliagas therefore takes the side of people who had been introduced by Marc-Olivier Fogiel in his morning.

Moderator contract of TF1, Nikos Aliagas presents "50 Minutes Inside", the magazine of a people. On the radio, he has succeeded in redressing the morning of NRJ in two seasons only.

ALSO READ:

"Nagi" Europe 1, it's over "

"Baffie not renewed on Europe 1

"Bruce Toussaint left Europe for a Canal +

"THE BUZZ Oliviennes-Denis," The grid will be in Europe a continuity "

Finance ministers of the euro area suggest caution in setting up a system to prevent a collapse of Greece. To address the most urgent, the central bankers of the Eurozone have laid the conditions for payment "by mid-July" of the next tranche of 110 billion euros in loans over three years promised last year by the troika . The release of the loan is linked "to the adoption of key legislation on the budget strategy and privatization by the Greek Parliament," the ministers said at the end of yet another meeting on the Greek crisis started Sunday in Luxembourg. Without this loan, Athens, facing deadlines refinancing risk bankruptcy next month.

Especially the Europeans intend to set up an assistance program to enable Greece to avoid a default in the longer term. This time, the private sector should be involved."The ministers agreed that the additional funding required will be financed both by official and private sources," assured the European central bankers. The ministers also began to speak with one voice on such terms as this will help: they have indeed "welcomed the goal of voluntary involvement of the private sector in the form of roll-overs informal and voluntary debt Greek existing mature. " In other words, the creditors will agree to replace loans maturing by others of the same amount.

Jean-Claude Juncker, a leading finance ministers of the euro zone, said Monday he has "decided to convene a special meeting of the Eurogroup on July 3" to complete the program of aid to Greece.He also announced that members of the euro area agreed on the creation of a permanent fund for the euro area. It will have 500 million euros that will be lending to countries in the area who find themselves in difficulty.

The assistance could reach hundreds of billions of euros

So far the ministers were divided on the issue of assisting in Athens: Germany favored the idea of ​​longer maturities on debt, where Paris defended the option of "rollover" . "We agreed on the voluntary involvement of the private sector while there is a week or two options on the table," welcomed Jean-Claude Juncker.The most important thing is to convince investors that it is not part of a default of payment, liable to cause market panic and contagion to other countries in the euro area.

The amount of this aid has not been determined. Ministers have simply stated that this operation should be a contribution "substantial" in the Greek program "and avoid a default (of payment) selective" in the country. Some point to have a total of a hundred billion.

If the main principles of this new aid were recorded, details of the plan remain to be defined. The "main parameters of a new funding strategy clear" should be defined "by early July", say the ministers.The initial ambition of the ministers were, however, to "discuss the participation of private creditors," stated Jean-Claude Juncker, adding "the question is how far it can and must go."

ALSO READ:

"Greece is planning a referendum on the rigor

After the surprise announcement Saturday of the candidacy of Israel Stanley Fisher for the leadership of the International Monetary Fund (IMF), the French Minister of Economy and Finance, Christine Lagarde, seems to consolidate his lead in leadership contest the institution. After a world tour in emerging countries to reassure them about their future place within the institution, the French candidate has received further support. Last Friday, the Congolese Minister of Finance Matata Mapon announced in Lisbon in support of Africa Christine Lagarde. Sunday, Egypt and United Arab Emirates (UAE) have joined the ranks by announcing to turn their preference for the candidate. Significant support, Egypt has a representative among the 24 members of the Board of Trustees.

The same day, Indonesia has also persuaded her."Personally I support France," said Minister of Finance of Indonesia, Agus Martowardojo the sidelines of an economic conference in Jakarta, highlighting the professionalism and competence of the French minister "in the interaction between organizations, and that his "high integrity and expertise small personal loans."

Operation successful seduction

In his world tour, Christine Lagarde said his vision for a reformed IMF to give more weight to emerging countries. Remains in the race to succeed Dominique Strauss-Kahn, the final choice remains in the hands of large economic powers, which have not yet formalized their decision. Among them, the United States and Japan. The Japanese archipelago has only 6% of votes in the IMF. The United States, themselves, hold the largest share.

The choice of Russia is also expected in the coming days.On 27 May, Prime Minister Vladimir Putin held "quite acceptable" and "very serious" the French minister's candidacy. Decisions of Brazil, China and India, all three visited last week by Christine Lagarde, should be more evenly too wait. The results of the nomination process for this term of 5 years are expected by June 30

ALSO READ:

"IMF: a surprise third candidate

"Case Tapie: Lagarde" confident "

The shock wave continues to sweep Fukushima Europe's energy. While Switzerland has announced its nuclear phase-out, Germany specifies how the final cessation of its 17 reactors, her 7 oldest already being put off since the reversal of Angela Merkel.

On 6 June that the ruling coalition in Berlin to present its draft law on the date of the release of nuclear energy. The Ethics Commission was commissioned by the Chancellor gave his opinion: Germany should abandon nuclear power within ten years.A position to resume its behalf by the head of the Bavarian Christian Democrats, allies of the CDU Angela Merkel, during long and tough negotiations this weekend, amid new anti-nuclear demonstration.

Threat of blackout

Is that the pro-nuclear industry in mind, threatening the country with a blackout or an exorbitant cost in case of renunciation too fast for nuclear power plants. Energy-intensive factories will be in trouble, warns the Association of Industrial Energy. According to Bild, the government expects an output cost of an atom of 16 billion euros by 2015, while the overall figure of 40 billion euro circulates in the CDU documents cited by the Süddeutsche Zeitung .

In Italy, Silvio Berlusconi's government, which provided early in the year to revive the nuclear arrested in 1987, has also backtracked.He earned the confidence last Tuesday in Parliament on a gel for a year or two atomic projects.

In France, where nuclear has provided in 2010 about 74% of electricity, its place in the energy mix should be widely debated during the presidential campaign. In this context, the Government has entrusted to the Court of Auditors an audit on the cost of nuclear power, future decommissioning, waste management and additional costs of security including post-Fukushima.The Prime Minister asked to "gather the relevant questions of economists as associations of environmental protection, but they denounce expertise not pluralistic.

Completely new, reflecting the effect Fukushima in the country's most nuclear-armed world, the Directorate General for Energy and Climate (DGEC) asked its experts to calculate the impact on the electricity bill and releases CO2 down 5% from nuclear. Response in September.

ALSO READ:

"Atomic power plants in the middle of the populations

The IAEA wants a conference on nuclear safety