Sundial of world news

The dominant expectations Wall Street on Wednesday. The Dow Jones lost 0.35% to 12,525.82 points, the Nasdaq yield 0.20% to 2829.60 points and the S & P 500 was down 0.29% to 1341.32 points.

Tuesday, as all global markets, the U.S. stock market had closed on a sharp rise, the Dow Jones climbed 1.03% and the Nasdaq by 1.37%. Investors, who were returning from a long weekend, had welcomed with relief the press releases stating that Germany would give up a debt restructuring of Greece.

On Wednesday, the new no longer effect. As in Europe and Asia, caution is back on the market, supported by a series of disappointing indicators from China and the euro area. China's PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell to 52 last month, against 52.9 in April.In the euro area, this indicator stood at 54.6 in May, after a flash estimate of 54.8, against 58 in April. Is the lowest since October.

United States, the employment figures in the private sector show an increase of only 38,000 in May, according to the firm ADP, while analysts were betting on 170,000 net hires.

Investors across the Atlantic will also learn construction costs.

Side currency, the euro rose slightly against the U.S. dollar at 1.4421 dollars (+0.18%) in the early afternoon in Paris.For its part, oil recedes, a barrel of light sweet crude for July delivery yielding 0.53% to 102.16 dollars short term personal loans.

Yahoo!: -1.39% to 16.32 dollars

Yahoo has resolved its dispute with Alibaba Group in connection with the transfer by the Chinese company's online payment system, Alipay, its chief executive Jack Ma said on source familiar with the matter. The two companies reached an agreement before the meeting with analysts from Yahoo last Wednesday. But the agreement requires the green light from the founder of Softbank, Masayoshi Son, who sits on the board of directors of Alibaba. He was quite reluctant, says one. Japanese Softbank is a shareholder of Alibaba and Yahoo Japan.

Google: 0.46% to 531.44 dollars

Eric Schmidt, the executive chairman and former CEO of Google, said Tuesday night had "planted" on social networks four years ago.He takes the responsibility for the error that allowed Facebook to be the undisputed leader in the category.

Phillips-Van Heusen: 1.39% to 66.89 dollars

Phillips-Van Heusen for its part, announced a net profit of $ 58 million (79 cents per share) in the first quarter of fiscal 2012, against $ 28 million loss (53 cents per share) a year before. The turnover was doubled to 1.37 billion against $ 619 million a year earlier. The group is therefore the goal of annual earnings per share to range between 4.80 and $ 5 per title.

Dollar General: -8.58% to 32.06 dollars

Still on publications, Dollar General will issue its first quarter revenues.

The members of the Monetary Policy Committee of the Central Bank of the United States (Fed) are unanimous: the inflation in their country is only "temporary." This consensus on the issue of price is clear from the minutes of the meeting held on 26 and 27 April. "Participants generally expected that the higher level of inflation would be a passenger," says the Fed on Wednesday.

According to the latter, "that forecast was based in part on a projection that the curve of changes in commodity prices would flatten out and the belief that inflation expectations remain stable longer term." As a reminder, the Fed on a table in 2011 inflation in the United States between 2.1 and 2.8% this year.In April, she displayed an increase of 3.2% over one year and 1.3% excluding food and energy.

Participants in that meeting had in fact echoed the boss of the Central Bank, Ben Bernanke. In early April, he had described the current surge in prices of "transient". Remarks which had so angered the American press which noted the difference between the Fed and the general public is faced with higher prices at the pump in a fixed wage.

Liquidate assets

Inflation, which was at the heart of discussions at that meeting led to another consensus on the need for further monetary policy support the economy until at least late June. The main rate by the Fed remains close to zero.

Citing how the monetary institution should withdraw that support when the time comes, most leaders of the U.S. Federal Reserve agreed that it will take it winds up its portfolio in the medium term and that priority was separate assets linked to mortgages. "Many of these participants also expressed their preference for such assignments are relatively progressive," it added.

On Wall Street, markets mostly hold these discussions "should not be perceived as a sign that the Fed is preparing to raise rates." The Dow Jones, who played in a small increase before the publication of the report, closing with a gain of 0.65% at 12,560 points.

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The growth of the Chinese economy has been stronger than expected between January and March with a gross domestic product (GDP) up 9.7% over the same period last year.

Prices rose 5.4% in the first quarter in China, according to figures released this morning by the National Bureau of Statistics. It is still well above the government target to contain inflation below 4% throughout the year. The central government has stated repeatedly that the price increase is its first priority, recognizing that it could fuel social discontent. Investments in fixed assets have also increased by 25%.

The tightening of Chinese monetary policy does not yet appear to bear fruit.Yesterday, Beijing announced that its foreign exchange reserves had reached 3000 billion, indicating an influx of capital into China, which highlights the inflationary pressure on the country.

The day before, Fan Jianping, an economist with the State Information Center, a think tank close to the Chinese central government, said two new rotations rely on interest rates for the second quarter. Many analysts expected, moreover, is the required reserve ratios of banks after the publication of figures this morning.

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Achieved. Shaken by the deteriorating situation in Japan's nuclear, the CAC 40 was able to reconnect with the 4000 points in mid-session, after finishing on Tuesday a net decrease of 1.54%, below the psychological threshold. On Wednesday traders try so successful ascent, in the footsteps of Asian markets. The CAC 40 advanced 0.79% to 4,008.04 shortly after midday.

Same trend in London and Frankfurt. After opening in the green, clinching the two exchanges respectively 0.97% and 0.85% in mid-day.

Markets react without panic to the new aftershock of magnitude 5.8 that struck today north-eastern Japan and shook buildings in Tokyo. In addition, they host without the excessive pessimism downward revision of economic forecasts of the archipelago by the government.In a report, it says that the earthquake, tsunami and the nuclear disaster that struck the country will impact on a "temporary" consumption and consumer confidence, exports, industrial production and employment. The triple disaster, whose total cost amounts to about $ 300 billion, will require a supplementary budget of 4000 billion yen (33 billion). "The economy, which was improving, experiencing a phase of weakness, because of the consequences of the great earthquake northeast of Japan," says the government.

Gust Statistics

In this context, progress is therefore no euphoria. Especially since many key indicators are expected to analyze both sides of the Atlantic.In France, consumer prices rose 0.8% in France in March from the previous month and one-year inflation accelerated to 2%, show statistics released Wednesday by the INSEE.

In the euro zone industrial production rose 0.4% in February compared to January, when it grew by 0.2%, according to data released Wednesday by the EU statistics office Eurostat.

In the U.S., retail sales and March business inventories for February will be at the rendezvous, like the weekly oil inventories. The Fed's Beige Book will also be particularly scrutinized for 20 hours across the Atlantic.

Side of the oil markets, time is decreasing. Concerned by the level of demand, investors pull down prices.Shortly after noon, a barrel of light sweet crude for May delivery, accounts for 0.29% 106 $ 56.

On the currency markets, the euro rises against the dollar and reappears slightly above $ 1.45.

Total in the viewfinder of S & P

As for values, Alcatel-Lucent (6.16% to 3.997 euros) recorded the largest increase in the CAC 40 to Accor (2.30% to 30.875 euros). Alcatel is supported by an increase of recommendation from Morgan Stanley to overweight value, weighting cons before guaranteed payday loans.

Schneider Electric: + 0.09% to EUR 113

The group has denied this morning to be "currently" in discussions with Tyco International today.The Daily Telegraph announced Tuesday that Schneider Electric had sent a letter in which he showed his interest in an offer of $ 30 billion on Tyco International, from the perspective of giving birth to the world's leading security systems.

Areva: -0.10% to 30.89 euros

The nuclear expert said Wednesday it has won a contract for the installation of a solar thermal concentrator coupled to the coal-fired Kogan Creek, operated by CS Energy in Australia.

Total: + 0.75% to 42.255 euros

Standard and Poor's lowered the long-term credit rating of the oil group to "AA-" cons "AA" previously, with stable outlook.

Casino: -0.80% to 69.76 euros

The group confirmed on Tuesday after its goals have increased sales by 18.8% in first quarter 2011 due to changes in the portfolio in Brazil and Thailand as well as confirmation of the reorganization of Leader Price.

Credit Agricole + 0.26% to 11.73 euros

The bank president, Jean-Marie Sander, said he was confident the group's business in Japan, noting that the country's economy and its banking system remained strong despite the disaster of 11 March.The chairman of the management company of the bank's assets in Japan, Christian Romeyer said his side that the Japanese savings does not seem dramatically affected by the crisis.

Renault: + 1.52% to 38.32 euros

CEO Carlos Ghosn would not "abandon ship" when the false espionage scandal has unsettled the French group, which must now focus on implementing its strategic plan, said in an interview with Les Echos on Wednesday.

JCDecaux: + 0.26% to 23.01 euros

A group of shareholders of Affichage Holding, Geneva company 30% owned by French group, said the board of directors to court for 150 million Swiss francs (115.6 million euros) after an acquisition in Greece resulted in significant losses.

Vinci: + 1.30% to 43.35 euros

Under the contract LGV Bordeaux Tour, the group selected in March 2010 to build and operate this path, calling for several weeks an extension to the original contract of 7.2 billion, according to information of Figaro.

After market, Kaufman & Broad will release its first quarter results, Fleury Michon announce its results for the fourth quarter of 2010 and its turnover in the first quarter of 2011. Cegedim and Etam will publish their results for the fourth quarter and Camaïeu will unveil its turnover in the first quarter.

The drama of the Central Committee (IAC) of Air France continues. The institution which oversees 7 of 8 committees of institutions (EC) of the airline will have to find € 20.5 million to continue its operations in 2011 after having had need 15 million additional to survive 2010. The report of the representative ad hoc court in Bobigny, called the end of 2010 at the head of CEC gives an overview of a situation of near bankruptcy for several months, however, contradicted by the unions in charge of EAC. According to this document, including Le Figaro has obtained a copy, the institution has escaped bankruptcy in 2010 with Air France and its banks. "It is indisputable that the financing requirements of about 15 million euros have been covered with the help of Air France and three banks," he says so.

The first bailout was not enough, however, since the CEC will again have to find additional funds to avoid bankruptcy in 2011. The report indicates that "it remains necessary to negotiate with the banks of the EAC with a credit line to finance the needs of 2011, estimated between 11.3 and 14.5 million euros", "to amount must be added an estimated $ 6 million necessary for the replenishment of working capital, "so it's a total realizable assets of at least 20.5 million euros that will be reached.

Transfer of part of the heritage

To exit the institution of the rut, the report recommends a voluntary separation plan and the sale of part of the heritage valued at 121 million euros. According to our information, the site of Gassin on the Riviera could be sold quickly."Its ideal location, a few kilometers from Saint-Tropez, should enable us to draw a substantial amount," said a steward of the company fast payday loans. The report also calls for structural reforms and pointed out that subsidies to Air France (42 million euros per year) are "used up to 41%, the balance being used for the operation of the EAC." It is necessary "that the CEC is refocusing on its purpose, concludes the document to officials from Air France on holiday and not paying overhead." For the CEC to continue these activities, her office has requested "a liquidity facility" – ie an overdraft – 10 million euros of trade unions met in session on Thursday night. He lost his application. "It's a terrible muddle," says one shop steward. The grant of the first half has already been swallowed.We are awaiting the completion of workplace elections and the appointment of a new office to start from scratch. "

CCE Air France has been the subject of an audit in 2009 that criticized its management and in particular "purpose personal expenses" of its leaders. He then underwent an investigation by the financial police who was interested in possible wrongdoing. Nothing has been proved. In September, the auditor who wrote a "warning report. Despite this progressive decline in the bankruptcy, unions still deny any situation of insolvency. In a press release issued Thursday, the office of the CEC is pleased to have maintained "a CCE in working order and have laid the foundation for its reconstruction." And conclude that "the CEC has survived the turmoil of 2010 and continues to function."

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Since February 1, it costs a few cents more for road tolls. On Tuesday, the price of train tickets which undergoes an increase of 2.85%. In both cases, among the reasons given to justify the rate increase include the funding of forty unprofitable rail lines, known as "trains balance of the territory".

These lines, the SNCF is required to serve on behalf of its public service mission, lost each year about 200 million euros to the company. For several years, SNCF is therefore seeking public support for their operations.This has been done since December 2009: the state has pledged an annual compensation of 210 million euros for three ans need a personal loan with bad credit.Un investment that will "sustain a vital public service for the balance of the territory" and "to meet the guidelines of the Grenelle environment," says Thierry Mariani, Secretary of State for Transport.

Offset a structural deficit

"The 210 million will compensate for a structural deficit with the objective of maintaining all these lines," said a spokeswoman for SNCF. This amount will be financed mainly by taxes on the station but also on the motorway companies, via the "Tax Planning".

A week after being suspended due to software piracy, the European Climate Exchange will not start to a trickle on Wednesday. The platform for exchanges of Paris, Bluenext, which handles about 40% of carbon credits exchanged for cash in the European Union, will not reopen, nor ECX London. Bluenext expects the market to be officially served the securities that were stolen last week. For it is a theft committed by breaking computer, this time, tarnish the CO2 market established in 2005, already tarnished last year by a wide VAT fraud.

On 19 January, a broker Czech warned the European Commission, coordinator of the market, 475,000 carbon credits, worth $ 6.3 million, had disappeared from his account.In total, according to Brussels, 2 million licenses (worth nearly EUR 30 million) were stolen by hackers from the registers Czech, Austrian and Greek.

The some 12,000 industrial sites in Europe subject to emission quotas of carbon dioxide (CO2) are enrolled in national registries. Companies that exceed their quotas can buy carbon credits (one credit = 1 tonne of carbon) while companies can sell virtuous.

"Restoring confidence"

Other actors, brokers, banks or even individuals can open an account on the register to exchange carbon credits for cash or futures (derivatives market) on various platforms like Bluenext. Protections computer half a dozen records are inadequate, found in Brussels."The Commission is finalizing the definition of minimum safety levels," said Peter Zapfel, Directorate General for Climate Action best payday advance. In France, Caisse des Depots et Consignations (CDC) is the keeper of the register, which, say several sources, was not attacked. "The market is shaken" by this new case, recognizes Keiron Allen, director of marketing for Bluenext, all players must restore confidence. " "But we must not forget that it works and it helps reduce emissions of greenhouse gas emissions," he adds.

Today, each tonne of carbon Virtual European market is identified by a serial number.A warning system would alert the brokers when loans are subject to suspicious transactions could be generalized, suggests there be in Bluenext.

Still in its infancy, the Exchange of CO2 must start its third phase in 2013, where the credits will no longer be allocated initially free but sold at auction. Brussels plans to bring together the twenty-seven national records in a single, more secure.

"If there is a market to watch, where the risk exists of Far West is that of CO2," warned last month Jean-Pierre Jouyet, the president of the Financial Markets Authority (AMF). That is why in the coming weeks Bluenext will officially become a regulated market, overseen by the AMF.

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The trend remains fragile on Friday on the European stock exchanges. In Paris the CAC 40 has remained in limbo (-0.30% to 3964.84 points) yesterday, Thursday. But this Friday, the index gained height in early trade: 0.46% to 3983.06 points. An increase that continued in the morning: at about 10:30, the index rose 0.66% to 3990 points.

Factor supporting this day, the morale of French manufacturers, which continued its gradual rise in January, with a sharp jump of six points from the previous month to 108 points, the sentiment index of all the winning business it a point to 106 points, Insee said Friday.

And above all, good news from Germany has added to the heart of balsam investors.The barometer of the Ifo business climate, leading confidence index in Germany has reached a new record in January at 110.3 points against 109.8 points in December.

This morning, Asian stock markets overall declined sustained change, and yesterday afternoon, Wall Street has ended at equilibrium, as investors opted for caution amid speculation about new Chinese measures to prevent overheating of the second world economy .

The appointment on Friday, the monthly business survey in industry and services by INSEE. Then 10 hours, the German Ifo index will be monitored.

On the foreign exchange market, the euro is trading above $ 1.35 on Friday. The euro has gained strength this week against a background of successful bond issued by European countries like Spain and Greece.In front, the dollar depreciated while Barack Obama has welcomed Tuesday its Chinese counterpart and called for yuan appreciation.

Sanofi-Aventis is expected to extend its offer for Genzyme

The offer expires on Genzyme Friday 21 January.

Vivendi balance to 21.56 euro Judgement of the Criminal Court of Paris in the trial of Jean-Marie Messier.

Renault: 0.75% to 47.22 euros The three executives in question have filed a complaint and will vigorously defend. The doubt settles. The CEO of Renault will speak Sunday evening.

Kaufman & Broad: 0.62% to 24.40 euros The group announced on Thursday night have returned to profitability in 2010 and 21% had reduced its debt after a year marked by an upturn commercial my credit score.

Somfy: 1.57% to 185.90 euros The shutters specialist announced a revenue increase of 12.1% for its fiscal 2010 to 852.6 million euros. Sales have benefited from buoyant activity in Germany, Central Europe and East and France. They have offset lower sales in Northern Europe.

Damartex: -3.40% to 23.04 euros The apparel retailer reported Thursday evening sales up 3.8% in the first half of its fiscal year 2010-2011, 385.3 million euros.The group, which owns the brand Damart, has not made a forecast for the coming quarters.

Schneider Electric (+1% to 111.10 euros) on Thursday confirmed the closure of its plant in St. Pryvé St. Memin (Loiret) managed by one of its subsidiaries.

Air France-KLM The company goes from 1.84% to 13.56 euros after posting seven consecutive sessions of decline with a drop of more than 4% Thursday evening after closing the warning on the results of EasyJet yesterday.

Scor (balance) announced Thursday it had successfully placed 400 million Swiss francs of perpetual subordinated securities.

CGG Veritas (1.49% to 24.41 euros) announced that it has finally issued 360 million euros in convertible bonds after exercising the over-allotment option.The group had initially planned to issue 315 million euros.

APRR: +0.10% to 51.38 euros The motorway company has reported a traffic increase of 1.3% in the fourth quarter, offsetting heavy traffic traffic light vehicles affected by snowfall and shortages of gasoline in the early fall.

Compagnie des Alpes The leisure group said sales growth of 1.41% in the first quarter of its fiscal year 2010-2011 supported by a good attendance of its ski areas through early snowfall observed in late 2010.

Veolia Environnement Groupe Industriel Marcel Dassault, the holding of the Dassault family, announced December 31, 2010 hold at 5.37% of share capital and voting rights of society in environmental services.

Cegid reported Tuesday a turnover up 0.4% for 2010 and expects a net profit increase for its entire fiscal year.

Technip announced Friday it had won a contract refinery in Bulgaria worth 70 million euros.

After Portugal, the attention of financial markets on Thursday will turn to Spain and Italy have provided for their turn to launch bonds (around 11 hours). Spain hopes to raise between two and three billion euros. Less than three hours later, the Governing Council of the European Central Bank will meet and discuss in particular the maintenance or not, its interest rates.

If his American counterpart, the Fed has seen growth "moderate" at the end of 2010, it nevertheless welcomes signs of improvement in U.S. employment front. Suddenly, Wall Street finished higher in two years and a half points to 11,755.44.

Meanwhile the Spanish and Italian bonds, investors may be cautious, before returning optimistic if the operations prove successful.This wait is also predictable because the Cac 40 rose yesterday, closing a technical threshold, which is the last address before the 4000 points.

The Livret A should be increased to 2% on 1 February

On the macroeconomic front, the rise in consumer prices accelerated in December to 0.5% over the month and +1.8% YoY. As a result, the rate of the Livret A is expected to rise to 2% on 1 February.

In economic news, too, the price index in retail in December (24:00).

United States, are scheduled on the foreign trade in November (1430), the producer prices in December (1430) and weekly claims for unemployment alllocations (1430).

Values to follow

The European Commission gave the green light Wednesday to the offer from Sanofi-Aventis U.S. on Genzyme.In addition, U.S. health officials announced that they were continuing to examine the carcinogenic risks of Lantus, blockbuster drug from Sanofi-Aventis against diabetes, having considered the data from four studies in this area were inconclusive no fax needed payday loans.

The carmaker Renault is to file a complaint in the day with the Paris prosecutor in the espionage affair that shakes. This process, expected yesterday, was postponed.

The operator Bouygues Telecom announced Thursday that he does not pass the VAT increase on its mobile phone plans, unlike its competitors, but it would increase, like them, the price of subscriptions to the Internet.

Moody's raised to positive cons stable outlook on its Baa2 rating from Michelin.

Accor sells eventually amounting to 268 million euros its 49% stake in the group of hotels and casinos Lucien Barriere.

Vinci has won within the grouping BBMV, a 35% share in the contract to build tunnels for the stations of Liverpool Street and Whitechapel in London, for a total of 275 million euros.

Aperam, the division of ArcelorMittal Stainless Steel debuts on the Stock Exchange on January 31, said the world number one steel.

Essilor announced Thursday the creation of a joint venture with Wanxin Optical, one of the leading optical industry in China. The group will hold a 50% stake in Optical Wanxin under this Agreement. The value of the transaction were not disclosed.

The cement company Vicat issued $ 450 million and 60 million of bond debt from private institutional investors in the U.S. to extend the average maturity of its debt.

At 9:30, PSA Peugeot-Citroen will release sales results for the year 2010.

After market, Carrefour will issue its turnover for the year 2010 and fourth quarter 2010.

Consume without buying. A French entrepreneur has decided to apply this principle to children's toys. His website, Ecojouet.fr, offers parents of children aged zero to five years to lease three, four, five or even six toys over a period of one to six months. An opportunity for some parents, while many toys purchased in France each year end up in the trash.

"This idea came to me with the authorship, there is a little over a year. At the time I was in a period of career transition, I had left my business and I am wondering about my future, tells the figaro.fr Stéphane Cozic, founder of the site.By watching my son of ten months, in the midst of discovery, I realized it was going constantly from one toy to another, sometimes even he was not interested as their packaging! " a mess that gave the father the idea of providing toys for rent on the web.

The principle? Parents choose at least three toys, those of their choice, for a period of one, three or six months and the lease can not exceed six toys. Rates vary between 15.90 and 59.80 euros per month depending on the formula chosen. A savings, he said, 20 to 60% compared to a potential purchase in the supermarkets. An equation which becomes less advantageous from the second month's rent. Each prize includes round-trip delivery, batteries and cleaning toys.If the toy is returned to the supplier or broken with pieces missing, the consumer will however add to its base rate a penalty of about 80% of the value of the object payday loan lenders. Among the guests: "parents or unmarried couple" of "grandparents," but "tourists on vacation a few weeks in France."

Something for the planet

Beyond the proposed alternative for parents, Stephane Cozic also sees his small business a way to do something for the planet. "I propose a collaborative consumption which limits production because toys are reused," he enthuses. Another positive point he said: this system enables learning to share her child, explaining he would forward his latest toy to another child, who will give himself to someone else, etc..If crying spells or if the object has really enjoyed his child, it is possible to buy it at a preferential price.

Since launching its website, Stéphane Cozic been a steady increase in the number of its customers. If some of them do not renew their orders, he has over a hundred regular consumers. A business that this father is not the only one sniffing. Three other sites currently offering the same type of service for matching fares.

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