Posted by admin | Under Uncategorized, money, news, opinions, top news
Thursday Sep 22, 2011
The U.S. stock markets accentuate their losses on Wednesday. Shortly after the announcements of the Fed, the Dow drops 1.26% to 11,265 points, the Nasdaq 0.44% to loose 2579 points and the S & P was down 1.50% to 1184 points.
In accordance with the expectations of investors, the central bank of the United States announced new measures to support the U.S. economy. It will sell by the end of June 2012 for $ 400 billion of treasury bills and short-term buy for the same amount with a longer maturity in an attempt to lower interest rates in the long term ( it "Operation Twist"). To support the mortgage market, it will also buy real estate securities without increasing the size of its portfolio, according to the Committee.
But markets that find especially its verdict on the economy is not good.The recovery is considered "slow", hence maintaining the rate to almost zero "until mid 2013."
These remarks are similar to those Dufond International Monetary Fund (IMF), which raised the specter of a global recession and launched at policy makers in the world "a fervent call to action". At the same time the institution has significantly downgraded its growth forecasts for the global economy. This is expected to grow 4% in 2011 as in 2012, 0.5 points below its previous forecast of 4.5% last April.
Markets always attentive to the crisis in the eurozone
Investors also remain attentive to developments in the crisis of public finances in Europe.Greece announced on the evening of its intention to launch new austerity measures to convince the Troika of its creditors and obtain payment of a new tranche of aid in October that will allow it to avoid bankruptcy.
Wednesday Rousseff, the president of Brazil, Barack Obama has assured his support for the euro area, together with other emerging countries, as it had already mentioned a week ago.
On the foreign exchange market, the euro lost some ground against the dollar after the Fed. The euro bought 1.3616 dollars late in the session on Wall Street against 1.3702 dollars late Tuesday. The price of a barrel of oil closed lower. A barrel of "light sweet crude" for November delivery ended down a dollar to 85.92 dollars on the New York Mercantile Exchange (Nymex).He had opened down 14 cents, and had rebounded upward after stock figures showing a sharp decline in U.S. reserves.
On the macroeconomic front, sales of existing homes in the U.S. rose 7.7% from July, seasonally adjusted data, the NAR said that sales figures are higher than the median estimate of analysts payday loans.
Microsoft treats its shareholders
The side of values, Moody's said Wednesday it lowered the credit ratings of Bank of America, Wells Fargo and Citigroup on the ground that the Federal government may be reluctant to rush to the aid of large banking institutions in difficulty.
The oil company ExxonMobil (+0.11% A74, 09 dollars) will sell of deposits in the North Sea to fellow Apache through $ 1.75 billion in cash, announced Wednesday it.
Microsoft (-0.85% to 26.75 dollars) announced Tuesday evening after the close of Wall Street that it would increase the quarterly dividend 25% used to its shareholders. The dividend paid on December 8 will be increased to $ 0.20 per share, or $ 0.04 higher than the previous one. Also in order to treat his shareholders Microsoft also recalled that he had launched in September 2008 a program to repurchase its own shares for 40 billion dollars. Of this amount, the group can still make $ 12.2 billion of purchases before the scheduled end of the program in September 2013.
Also after the close, Adobe Systems (3.25% to 25.44 dollars) announced better than expected forecasts for the fourth quarter. The group expects adjusted earnings between 57 and 64 cents per share in the fourth quarter, against 58 cents expected by the consensus of analysts.The leading design software issued a profit of $ 195.1 million, or 39 cents Park share in the third quarter against 230.1 million dollars, or 44 cents a share, a year earlier. Turnover increased by 2% to $ 1.01 billion.
Still in the world of technology stocks, Oracle (6.88% to 30.30 dollars) has issued a net profit up 36% to $ 1.84 billion, just above expectations.The turnover to 8.37 billion, also slightly above what had been expected analysts (8360000000).
American Electric Power (-0.30% to 38.20 dollars) and its joint venture with MidAmerican Energy has been approved by the Texas authorities for electrical infrastructure projects for a total estimated at more than $ 520 million.
Bristol-Myers Squibb (0.35% to 1.60 dollars) and Japan's Ono Pharmaceutical has signed a development and commercialization of Orencia, a biological treatment against rheumatoid arthritis.
FMC Technologies (0.56% to 43.37 dollars) has won a contract worth $ 135 million from BG Norge in the manufacture of subsea equipment.
Medtronic (0.37% to 34.95 dollars) will receive 101 million in damages after the trial against the company by NuVasive.
Posted by admin | Under economics, features, money, publications, top news
Saturday Sep 17, 2011
The airline announced Friday morning the details of his mega-order long-awaited by the industry. Air France-KLM is in need of long-haul 110 and passes a total of 50 firm orders and 60 options from Airbus and Boeing. Choices that are equally balanced between the two aircraft manufacturers as the firm order for 25 Airbus A350-900 and 25 Boeing B787-9 and the options are based on 35 A350-900s and 25 B787. The slight advantage, theoretical, obtained by Airbus was offset by the secret location by KLM B787 10, said La Tribune.
The group did not indicate the amount of the order but at list price, the total value would represent an investment of $ 20 billion and approximately 11.3 billion in firm orders.Following its board of directors held Thursday in New York, the group said the acquisitions "are designed to be funded by cash flow generated by the group's operations."
In addition, the group plans to commission 73 new aircraft by 2024 and then the options are exercisable between 2026 and 2028. The first Boeing 787-9 will enter service with KLM in 2016 while the first Airbus A350-900 will integrate the Air France fleet in 2018. The airline declined to give guidance on the distribution of new orders between the two group companies. "The two companies operate the two types of devices," Air France said simply. Sign that the group is more integrated than before and that the merger between Air France-KLM starts synergies.
Outstanding issues
Points of legal and economic order are still being defined.The discussion include the drivers and maintenance. In fact, the A350-900 ordered will be powered by Rolls-Royce or any device so far the airline did not work with such engines. The most important maintenance service of Air France-KLM has to adapt to new circumstances, notably through new licensing agreements.
And even if Air France-KLM touts its choices "after a detailed assessment" including on energy and environmental performance of appliances, the critics could rocket. One hundred French deputies had indeed launched a petition in June to urge Air France-KLM, which the state owns 15.7%, to choose the Airbus A350 instead of the Boeing 787 for its next command.
ALSO READ:
"Orders Air France: Airbus preferred
"Air France freedom of choice (Welsh)
Posted by admin | Under business, life, money, news, online
Thursday Sep 15, 2011
No less than 7000 pages posted! This is the amount represented by the reports of its nineteen nuclear power plants (58 reactors in operation over the EPR under construction at Flamanville) EDF is currently on schedule to transmit to the Nuclear Safety Authority (ASN) . The "policeman" of the atom is committed, through the voice of its Director General Jean-Christophe Niel to publish in full on its website.
The delivery of copies by EDF and other operators of nuclear facilities is only the first step in the process of "revaluation additional security" required by François Fillon after the accident at the plant in Fukushima, and conducted in parallel with the European approach called "stress tests". Experts from the ASN and IRSN (Institute of Nuclear Safety and Radiation Protection) now have three months to publish their report.Extra work for which the ASN has even mobilized to reinforce the "three or four young retirees". Even before the peer review of these reports by experts from other nuclear countries in Europe, between January and April 2012, some foreign experts will participate in the analysis of the copy of EDF.
Alongside the work on paper, the ASN program completed in October of 38 inspections in power, focused on protection against earthquakes, floods, power loss, loss of cooling and crisis management.
During December, the ASN requested EDF as it deems necessary measures – as it has already been done to strengthen the concrete slab of the Central Fessenheim. From January to April, reports of national safety authorities will be considered by their European peers.In the nuclear environment and the hexagonal Quai d'Orsay, is expected to undergo strong pressure from Germany to close the central border Fessenheim, Cattenom and Chooz.
Posted by admin | Under finance, money, opinions, resources, world
Friday Sep 9, 2011
Canal + has crossed the Rubicon and wants to become a major player in free television in France. Thursday, the group led by Bertrand Meheut announced the takeover of Direct 8 Direct and Star, two DTT channels free of the Bolloré Group. Initially, Canal + buys 60% stake in the TV division of Bolloré Media and awards it operational control. In three years, he may redeem the remaining shares. The operation was buckled in 48 hours! "I know and appreciate for a long time the leaders of Vivendi, Jean-René Fourtou and Jean-Bernard Levy, and Bertrand Meheut, CEO of Canal +. I am very pleased to be associated with such a good team, "said Vincent Bollore, Bollore Group CEO.
Gone are the days when the giants were the audiovisual respect the Yalta on TV: TF1 and M6 to the largest piece of the free TV, Canal + in the world of pay-TV and its 11 million subscribers. In France, the two families have substantially the same size: just over 3 billion euros for free TV financed by advertising and about $ 4 billion to pay.
After struggling for years to ensure a near-monopoly on pay TV (up to buy its rival TPS), it will not take long to Bertrand Meheut to tumble into force on the television commercial. Now a subsidiary of Vivendi will have three frequencies of DTT: iTV, Direct 8 Direct and Star. Be as much as TF1 and M6 more than the group which, in addition to the namesake chain, has only W9.For Bertrand Meheut, this operation meets the logic of "creating strong audiovisual groups able to defend themselves both on the live broadcast on the non-linear over the Internet. This will increase the value of our programs will experience an exclusive first exhibition in pay and free TV in a second. And pay-TV business is our heart. "
465 million for Bolloré
If this sounds like a declaration of war groups TF1 and M6, the marginalized, at the same time, the few independent French media landscape, and BFMTV NRJ12. With the launch of DTT in 2005, the Higher Audiovisual Council wanted to bring new players in the PAF: Bolloré Group AB, NextRadioTV and NRJ Group. But since the first two have sold their frequencies. Claude Berda NT1 and TMC has given its ally TF1.Bolloré sells Direct 8 Direct and Star in Canal +. The two remaining independent are the big losers. For its part, Bolloré Media made a good deal. Since 2005 he has invested hundreds of millions of euros in Live 8 and 70 million euros for the acquisition of Direct Star. Five years later, it enhances its flagship TV to 465 million euros! The channel Direct 8, mini-general, would be about 350 to 400 million euros Faxless payday loans. Direct Star would be a hundred. "We have successfully completed the first phase by creating Direct 8 from scratch and placing it among the first of TNT. But for the second phase, which will see all the media groups to engage in significant competition on the content, we decided to partner with a large broadcasting group, "said Vincent Bolloré.The myth of an audiovisual largely open to competition turns into a clash between three private-TF1, M6 and Canal + – and a public group, France Televisions. With their financial firepower, the first three will fight a war without thank you for the acquisition of content.
Add to this a sharp competition for advertising. Canal + now has a board weighing 400 million. Bertrand Meheut is trying to calm things down by stating that "this partnership does not change the industrial landscape, since we are in the continuity of existing channels. We are small in this market for free TV. " He recalled that "TF1 and M6 are, conversely, present in the pay television."It is unclear whether this is enough to calm things down, because, at the same time, the president of Canal Plus says it does not want to "abandon its free channel Canal 20" under channel offset. In this case, Canal +, which exceeds the number of authorized frequencies (maximum seven), should sell two. "It will sell certain frequencies paying," he says. The chain may be referred planet, present on the DTT.
This comes on the eve of the presentation of the report of Michel Boyon, president of CSA, the future of DTT. It is now a fait accompli. The media landscape is recomposed without him. If Canal + bought Direct 8 Direct and Star, the future of DTT is widely drawn. The TF1 group is in a strong position to demand not only the transfer of its news channel LCI of DTT (where it is marginalized) to DTT.But Nonce Paolini, CEO of TF1, claim compensation as a string, which should be TV Breizh. For its part, the M6, if he will not be weakened, will support its claims. He also wants to transform its pay DTT channel Paris Première chain free. And he also wants compensatory chain among its two projects WikiTV M6 family.
ALSO READ:
"INTERVIEW -" Canal + will launch a general entertainment channel free "
"INTERVIEW – Bolloré:" Neither Canal + does not dominate the Bolloré DTT "
Posted by admin | Under events, money, online, resources, world
Tuesday Aug 30, 2011
François Fillon on Monday took a trip to the nuclear power plant of Bugey in Ain – one of the oldest park of EDF, one of the reactors suffered its general review of thirty years – to reiterate the government's argument in favor of nuclear energy. Being understood, said the Prime Minister, that "safety is the top priority." The end of a busy year on the last record. Six months after the disaster of Fukushima, Japan, EDF must provide a copy within two weeks of testing the resistance of French power stations.
ASN will then evaluate, by December, the information on the resistance of plants to earthquakes and extreme flooding.Asked about the failure to take into account the risk of terrorism in these tests, François Fillon acknowledged that the current plants – unlike the EPR reactor being built in Flamanville – would not survive the fall of a "jumbo" in the case of an attack like September 11, 2001 but that there are "other means than concrete" to counter an air attack, referring to anti-aircraft missile batteries and fighter on permanent alert. The prime minister also responded to a question about the resistance of the Flamanville earthquakes, following the information published in Le Canard chains."No need to read Le Canard chains, he said, all information is on the website of the Nuclear Safety Authority" (ASN) has called, playing the role of "sting", a better resistance of building control fast payday loan.
Besson favor of "stress tests"
The Prime Minister also called for the establishment of international safety standards. A goal that will not be met "for years" according to Andre-Claude Lacoste, President of the ASN, because of the hostility of countries like China, India and the United States. Eric Besson, Minister of Industry, will defend to the IAEA in Vienna, September 19, the idea to conduct stress tests in all nuclear countries. Pending the possible orders of the nuclear policeman at the end of the year, EDF provides better security of its power at all times.Example, during the four months off during the revision of the number 5 reactor Bugey, pre-authorization for an extension of ten years, 25 million euros is being invested to enhance its resistance to earthquakes.
Security has its price. Henri Proglio, the chairman of EDF, has also invoked July 29 to assert that it would be "natural" that the price at which EDF has to sell part of its current competitors (price Arenh) increases until to 46 euros per megawatt hour, while the authorities have set at 42 euros on 1 January 2012.
Responding to the BBC on this, François Fillon said "common sense" the current level of Arenh but added that more security funding for renewable energy made inevitable the rise in electricity prices. In government, he added, to control it as much as possible.
Posted by admin | Under international, money, online, technology, top news
Thursday Aug 25, 2011
The whole world is seeking to reassure the world's largest investor, China. And France is no exception. On the way to New Caledonia where it is present at the opening of the Pacific Games, Nicolas Sarkozy made a stop today in Beijing. Announced only last Sunday – but planned for a month, provides the Elysee – the four-hour whirlwind tour of the French president is primarily to provide assurance to the leaders of the second world economy, while Europe and the United States face a debt crisis without precedent. The head of state is dinner tonight with his Chinese counterpart, Hu Jintao, in Beijing. "In the current context and a little over two months of the G20 summit in Cannes in November, it is not difficult to guess the subjects they will address," said one diplomatic source. Clearly, it will issue debt and G20.
Signs of nervousness
Beijing, which has invested since last year in debt Greek, Portuguese, Spanish and Hungarian, in general, shows a certain confidence in its accounts receivable. But this week, several signs of nervousness sweating in the corridors of power. "The debt crisis has slowly spread, like the black plague in the fourteenth century, from Greece to the peripheral countries of the European Union such as Ireland and Italy," wrote the beginning and Zhang Zhixiang week and Zhang Chao, two economists recognized, in an editorial in the very official People's Daily paydayloans.
The next day, a long interview with German magazine Der Spiegel gave the floor to the Deputy Minister of Foreign Affairs, Fu Ying, who did not hesitate to scold Europe "vain.""If you do not gather to solve these problems, the euro could collapse," and estimated the diplomat, who acknowledged that China also suffers financial crisis.
Nicolas Sarkozy's visit comes two days after the departure of Joe Biden, U.S. Vice President, came in person to allay Chinese concerns about the devaluation of U.S. assets. "We need to address our deficit and we will address this," said the American number two on the last day of his visit.
Nicolas Sarkozy, who chairs the G20 this year, should also benefit from meeting with Chinese President to push the issues close to his heart, such as reducing trade imbalances and the controversial idea, defended by the Franco- German, a tax on financial transactions.The Minister of Economy and Finance, Baroin, must also be part of travel and extend the discussions preparatory to the G20 in the day tomorrow.
ALSO READ:
"Debt: the U.S. will" never failing "
"Beijing tance Washington about its debt
Posted by admin | Under economic, events, features, finance, money
Tuesday Aug 23, 2011
GroupM was promised a destiny to Twitter and Foursquare. Like the latter, the start-up in New York was revealed at the conference Internet "South by Southwest," which was held in Texas in March. But barely a year after its creation, GroupM has already attracted the attention of the giants of the Internet and has just been bought by Skype for an estimated $ 80 million.
The operation allows the specialist to Internet telephony to build a niche in the amount of online communication: messages grouped. With services such as GroupM, users can create discussion groups on their mobile phone and communicate with others, forming "chatrooms" private SMS.In recent months, major Internet players have been enamored of such services, which range from communication, and coordination, like Facebook, which bought the Beluga service in March 2011, eight months after its creation. In addition, the social network launched mid-August, Facebook Messenger, a mobile instant messaging application.
For its part, Google has made this communication bundle a cornerstone of its community platform + Google launched in late June, with the "hangouts" spaces bundled instant messaging and video. Finally, as recently shown by the London riots, the BlackBerry is an actor to be reckoned with in this area, through its private courier BBM (BlackBerry Messenger). Now owns GroupM, Skype will better stand up to these types of communications fast cash without a hassle.
175 million monthly users of Skype
"Skype and GroupM have a common vision.GroupM's team has created a messaging experience incredibly attractive bundle that runs across the terminals and mobile platforms, making it a perfect complement in voice, video and text of the Skype family, "said Tony Bates, general manager of Skype, in a statement.
For Jared Hecht, co-founder Steve Martocci GroupM, "there is a natural affinity between Skype and GroupM.""Our goal is to continue to develop tools that allow people to easily communicate, share and keep in touch with their close relations and important," he said, arguing that integration with Skype would allow the start-up achieve its vision of "ten times faster."
The start-up is already looking forward to see the service offered to 175 million monthly users of Skype.
The acquisition of Skype by GroupM, which is the subject of discussion for several months, could also be beneficial to Microsoft. It announced the acquisition of Skype for $ 8.5 billion in May.While sentencing the operating system (OS) Windows Mobile Phone 7, the software giant could find with GroupM a valuable feature to include in its bid for smartphones.
ALSO READ:
"Facebook and Google are interested in Skype
"Microsoft buys Skype for $ 8.5 billion
Posted by admin | Under economic, features, money, publications, top news
Sunday Aug 21, 2011
In May 2010, McDonald's France was a sensation with a TV spot in which a teenager going on a phone call to her boyfriend before having lunch with his father, who explains that, as he did at that age, it could be a 'real card with the babes. " Advertising has been around the world. In the original French with subtitles in English, it even triggered a controversy in the United States. The conservative Fox News channel has even made a field day. Sacrilege: great American brand in the gay friendly side!
In this spot, designed by BETC Euro RSCG, is not known if the son ends up coming out to her.But the statement by McDonald's, which has declined in all genres, is very clear that you're straight or gay, black or white, young or old, rich or poor, we do not judge, "just like you are. "
Before, we criticized the pub not to be representative of "visible minorities", not to be sufficiently "black-blanc-beur". Today, the debate has shifted to the "non-visible minorities" and still gets carried away on the issues of communalism, which are still taboo in France.
10% of "non-white"
The proportion of ads depicting characters perceived as "non-white" compared to the total advertising (TV, press and poster) distributed and reviewed by the Regulatory Authority's professional advertising (ARPP) reached 7% in 2008 against 3% in 2005, and this share has increased further since then, around 10%."Racial minorities are now represented quite rightly, said Ingrid Zerbib, image editor for the magazine Strategies, who viewed all the ads that come out in France. The next step is in progress. Homosexuals, the disabled and the sick are increasingly visible. "
McDonald's campaign has been emulated. Krys posted Orangina or gays in their pubs. Personalities with disabilities such as Down syndrome Pascal Duquenne for the virtual mobile operator Simyo, or the blind Gilbert Montagne, for heating specialist camera, turned in spots. Diseases are also commonplace."You can be sick without stigma," said Anne Ramon, communications director of the National Cancer Institute (INCA), the last campaign "I am a person, not a cancer," conducted by the agency La Chose , seeks to change social perceptions of one of the most widespread diseases in France.
In another, more commonplace, but also an affirmation of reality: that of the Community consumption, with the campaign launched last year by the brand halal Isla Delight "Proudly halal." On the occasion of Ramadan, for the first time in France, the brand was as diverse a reference food, free of any cliché. "This campaign is a marker, decrypts the marketing consultant Jean-Jacques Urvoy.The brand was treated as the French leader Charal. "On a halal market estimated at over 5 billion euros – and therefore highly competitive – the whole trick of the ad was to challenge the EU labeling, while displaying a rooster and a Charolais beef! A war of images in a way.
Posted by admin | Under economy, money, news, special, top news
Saturday Aug 20, 2011
Sevran, in the heart of 93. A few minutes from the RER station, the turning of gray apartment blocks, a portal opens up a space unexpectedly. The cities of concrete give way to fields of vegetables. Under white sheets aligned along the center aisle, men working in pairs. Lamri Guenouche, Department Head of Biological Gardens Pont Blanc, politely greet the employees and ask everyone the ritual question: "What is the vegetable that you plant?" Silence and embarrassed laughter of the workers, who arrived three months ago . Lamri Guenouche patiently explains: "The squash has a round rod. If you touch it, it is square. So it's a cucumber. "
Workers in the gardens of insertion have mostly no specialization in horticulture. A plumber and a driver of construction equipment alongside housewives employed for the first time.One is illiterate, his colleague holder tray. All have experienced long periods of inactivity before being offered a contract to help Garden Organic White Bridge.
Since 1997, the Aurora Association, which manages the garden insertion allows job seekers to re-enter the workforce. On the small farm of just under 2 acres, twenty-eight employees work the land and produce baskets of organic vegetables, sold to members of neighboring communities. Five others are charged with the maintenance of green spaces of individuals or communities.
Lamri Guenouche that says receive "a lot of applications," insists: "There is no screening." If it be eligible for subsidized contracts, living in the Seine-Saint-Denis and exercise motivation.After meeting with the counselor of insertion and one week test, employees are hired for a renewable six-month contract, but the majority is one year. The association, which monitors employ as many men as women, has set its working hours (9:00 -15 hours) for the latter. At 24 hours per week, employees receive an insert 700 euros per month.
"A period of revitalization"
The department head of the Gardens, the passage of these squares in nature is primarily a "period of revitalization to rebuild both professionally and personally." For the duration of their contract, employees are monitored by an advisor of the association to define a professional project and resolve administrative problems. The association has also established literacy workshops, computer and assistance in finding employment.
"Work is a huge engine to put people off. It can solve personal problems and alleviate suffering, "said Sabine, one of the technical staff. Employees are réhabituent to get up early, to respect authority and to socialize. They are gaining more confidence while enhancing their CV says Lamri Guenouche. Itself is an agricultural engineer by training. Eight years ago, when he was manager in the retail department, he explains that he had "a click, seeing everything that is discarded as vegetables and fruits while others in need." Sickened by the mess, he chose to put his skills to a socially oriented structure incorporating a first insertion into the garden of Val-d'Oise. It manages one of Sevran since September 2010.Deficit, the association only removes Aurora 5-7% of its budget from the sale of her baskets of vegetables. 70% comes from state subsidies.
"The goal is to make gardeners'
Side of the field of radishes, Houria, 49, is working. For three months, the divorced mother through the department every morning to go to Sevran. This work, she felt and appreciated. After being secretary, maid or child care, she said, "comforted" to have found a stable and secure employment. "Even if a small salary, it is quiet." She marvels at the atmosphere between the workers: "Here, everyone does his job with a good heart," says she. "I've never seen that."
Digging, sowing, harvesting. Each employee was introduced to horticulture by training for six months. But "the goal is not to gardeners, said Lamri Guenouche.Ile-de-France, market gardening is not a provider of labor. "The association strives to enhance the skills that employees acquired before or during their experience at the Garden. They handled boxes, sorted vegetables, prepared baskets and can qualify for jobs in the handling or the fruit and vegetable sections of supermarkets. Few, those who are allowed a position of delivery driver.
If the garden does not miraculously grow jobs, the statistics remain good, welcomes Lamri Guenouche. At the end of their contract, from 30 to 40% of employees do find permanent part-time or fixed-term contracts greater than six months. Another third goes on with training or a new integration project. Finally, 60% of outputs are called "positive." Achieved.
Posted by admin | Under Uncategorized, economic, finance, money, publications
Saturday Aug 13, 2011
The Paris Bourse closed this week very agitated in the green. This Friday, the CAC 40 ended on a net increase of 4.02% to 3213.88. The London Stock Exchange gained 3.04% at the close, the DAX 3.45% to 5997.74 points, Milan 4%. But everywhere, the sessions have been very volatile in trading volume lower than the previous day (4.84 billion euros in Paris).
The CAC 40 is thus fell into the red immediately after opening up 0.17%. It still yielded 1.59% in morning before rising slope, and show an increase of 2.09% to 3154 points in mid-session.Around 16:15, the Paris index gained 2.76% to 3174.79 even despite the publication items, across the Atlantic, two mixed macroeconomic statistics that have hampered the enthusiasm of investors in New York.
Retail sales in the U.S. in July and were up 0.5% (after 0.3% in June), but the U.S. consumer confidence has it, fell in August. According to an index released Friday by the University of Michigan, which stood at 54.9, its lowest level since it is established, either since 1966. This drop has surprised analysts who had forecast a smaller drop to 62.5.
No growth in the second quarter
On the macroeconomic front in France, INSEE reported this morning from zero growth in the second quarter in France (0.0%), against an increase of 0.9% in the first quarter.Inflation also slowed: the consumer prices fell by 0.4% in July, resulting in an increase of 1.9% over the year (against 2.1% from June 2010 to June 2011 ).
Faced with these new investors are so cautious again after a week marked by extreme market volatility, which saw the CAC 40 push the psychological threshold of 3000 points during the session Thursday. Investors were finally reassured by the announcement of a meeting between Nicolas Sarkozy and German Chancellor Angela Merkel on August 16 to issue joint proposals on the governance of the euro area.
Bank stocks rebound
Since the ban on short selling in the securities of eleven banks and insurance companies to counter the extreme volatility of the stock market values, the latter continuing their rebound started the day before, the image of BNP Paribas (4, 91% to 37.47 euros), which issued a statement Thursday night to reaffirm the strength of its capital, Societe Generale (3.15% to 23.72 euros) and Credit Agricole (1.77% to 6 , 49 euros).
Natixis wins 7.26% to 3.06 euros and signs the largest increase in the CAC.
Carrefour jumps more than 5%
Other values to follow, Carrefour pulls out of the game: the way ahead vigorously 5.13% to 18.85 euros.U.S. giant Wal-Mart have mandated UBS to investigate the acquisition of the Brazilian subsidiary of French retailer, according to Reuters citing a source familiar with the matter.
Goldman Sachs lowered its recommendation on Lafarge (-0.17% to 28.96 euros) and withdrew the title from its list of recommended values in priority to the purchase.The intermediary has instead built his list to Saint-Gobain (3.72% to 34 euros) and Vinci (2.42% to 35.3 euros).
Europacorp (3.13% to 3.30 euros), the production company of Luc Besson, Thursday reaffirmed its goal of a return to balance for the current year, despite a sharp decline its turnover in the first quarter.
Derichebourg (2.98% to 3.63 euros) on Thursday confirmed its target of improving its annual net income, after recording a sharp increase in sales over the first nine months of the year.
ALSO READ:
"Short sales suspended
"French banks in the spiral of fear
"What rating of France deserves it for his debt?