Sundial of world news

The CAC 40 is increased again this Friday, after playing the card of caution on Friday until 14:30 time of publication of U.S. GDP worse than expected.

The CAC 40 has lost more than 1% up shortly after the announcement of a U.S. economic growth of 2.4% against 2.5% expected, the index rolled up the slope and pierced the waterline to increase to 17 hours from 0.66% to 3676 points. An evolution that follows the trend taking place today on Wall Street.

The reason? A Chicago PMI, which increased more than expected and U.S. consumer confidence down, but less than expected.

Publication Burst

Alcatel Lucent (8.27 to 2.24 euros%) announced revenues of 3.813 billion euros in the second quarter.The group reiterated its outlook for 2010, including an Adjusted operating income of between 1% and 5% of its revenues.

JCDecaux (1.16% to 20.10 euros) on Friday announced a net profit in the first half of 65 million euros. The group anticipates a change in organic revenue for the third quarter less than that of the second with a cash flow of 119 million euros, compared with -1.7 million euros in the first half.

Lafarge (-4.75% to 41.43 euros) has reported a sales increase of 2% to 4.43 billion euros in the second quarter. The company expects a reduction in capital expenditure to less than 1 billion euros in 2011.

EDF (1% to 32.80 euros) announced a net income Group share 1.7 billion euros including a provision for $ 1.1 billion on its North American operations.The group, which should sell its UK electricity networks based on an enterprise value of over 5.5 billion pounds, has announced a delay of two years for his BDU Flamanville.

EADS (2.70% to 18.06 euros) announces a net profit in the first half of 185 million euros and a turnover of 20.3 billion euros.

Schneider Electric (2.14% to 88.25 euros) publishes a turnover of 8.57 billion euros in the first half (+10.5%) of which 4.661 billion (+18.5%) in the second . In an interview with Le Figaro, Jean-Pascal Tricoire, CEO, set an improvement for the second part of the year.

Renault (0.28% to 33.74 euros) issued a revenue increase of 23.1% for the first semester in the same area, to 19.668 billion euros.The constructor returns to the green with profits of 823 million euros.

The reaction of Peugeot (-2.23% to 22.61 euros) will be observed.Also in the automotive industry, Michelin (-1.40% to 58.52 euros) announced a net profit in the first half and said it expects a continued rebound in demand for tires in the second half of the year .

PPR (-0.34% to 102 euros) has announced a net profit after minority interests rose 86.8% to 407 million euros in the first half.

Imerys (+0.27% at 44.59 euros) has reported a net operating income rose sharply to 122 million euros in the first half with a turnover of organic growth of 16%.

Total (1.30% to 38.85 euros) announced adjusted net income for the second quarter of 3 billion euros, up 72%.

CNP Assurances (EUR 15.45 -4.01%) has published a net increase of 8% to 542 million euros and a turnover of 17.697 million euros (+2.4%).

Rhodia (1.14% to 15.93 euros) raised again after its 2010 targets announced Friday results exceeded expectations in the second quarter.

Saint Gobain is optimistic

Saint-Gobain (-2.16% to 32.57 euros) reported a strong rebound in its first half results, while confirming its target of strong growth in operating earnings in 2010.

Capgemini (-1.29% to 35.88 euros) has announced the acquisition of the Swedish IT services Skvader Systems. No financial details were disclosed.

Air Liquide (-0.81% to 85.40 euros) has announced the acquisition of the company Lion Copolymer Geismar American Services.No financial details were disclosed.

Euler Hermes (4.94% to 61.40 euros) has reported net profit more than doubled in the second quarter from the first and said he intended to maintain profitability in a more favorable macroeconomic environment that over the past two years.

Ingenico (5.28% to 19.45 euros) on Thursday posted a net profit increased more than two in the first half thanks to increased transactions in Europe and raised its sales target.

Alten (-0.49% to 22.29 euros) has reported a slight improvement in activity in its sector in the first half. Turnover increased 2.7% to 450.9 million euros over the period.

Flo (-3.7% to 4.43 euros) said that the activity in its restaurants had not yet regained the level that was hers before the crisis, despite the reduction in VAT.The turnover of the group stood in the first half rose 7.6%.

New outbreak of fever at SNCM. During one week, a dozen sailors were delayed for one hour each day the ship departs The Corsican liaising Nice L'Île Rousse. They demanded an adjustment of their pay with that of other marine company. They succeeded, and The Corsican found Thursday its normal pace.

This social movement falls at the worst time, tourist season and while the company controlled by Veolia has also lost market share in the first half. Its traffic decreased 7.1%, one of Corsica Ferries increased by 17.5%. Moby Lines, comer, has received nearly 33 000 passengers in three months.

"Our main concern is with Moby Lines are denied benefits that help the passenger, and Corsica Ferries.With the current system, they can only gain additional market share, "worries Alpozzo Frederick, Secretary General of the CGT sailors of the SNCM. For the union, the welfare system to the passenger distributed by the local authority Corsican airlines operating out of Nice and Toulon is "antagonistic" to that of the public service delegation (PSD), benefiting SNCM and CMN from Marseilles. "This is not a compensation of public service but a premium for social dumping," Frederick Alpozzo ton.

Risk of losses in 2010

A report commissioned by the government pointed the problem. The ball is in the camp community Corsican. A special session is scheduled in September to review all aid to maritime transport. "SNCM is in a delicate position.She could ask to not go after the convention of CSP, which expires at the end of 2013, we recognize the Corsican Transportation Agency (CTA). Out of the red in 2008, SNCM has gained nearly 18 million euros in 2009 thanks to a gain on disposal of a vessel (26 million). The CTA believes that the company's losses could reach 20 million this year. To make matters worse, if a new DSP is launched, the agreement could exclude ferries operating at peak periods. She would come into force in 2012. Suddenly, the reduction plan envisaged by the SNCM fleet in February, dropped after the strikes of the CGT, may become relevant.

"We need things to change and we stop losing money.Either we reorganized the DSP is still there and it will be dramatic, because it will break everything, "Frederick alarmed Alpozzo who admits fear a scenario where the SeaFrance 725 employees will be dismissed.

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The decision of the Central Bank of China down 0.12% Monday from the central rate of its currency, to bring it back to 6.78 yuan per dollar, is not trivial. It confirms that China believes that the resumption of the global economy is "very slow" in the words of his prime minister, Wen Jiabao.

Since June 19 last, the central rate of RMB, yuan's other name, is fixed daily by the bank that leaves fluctuate within a margin of plus or minus 0.5% vis-à-vis the greenback. Then she had gained 0.8% since that date, the Chinese currency fell Monday to its lowest level in two weeks, to 6.78 yuan per dollar.

The government fully controls the growth of his country. The measures taken to avoid overheating, especially in real estate, have borne fruit. The GDP (gross domestic product) grew by only Chinese 10.3% in the second quarter, against 11.9% in the first.

Wen Jiabao welcomes it, but he believes that his country because of "uncertainties" facing the world must "increase domestic demand, while stabilizing the foreign demand." But Monday, the State Information Center, an organization that depends on the Reform Commission and National Development, released a report which estimates that the growth of Chinese exports in the second half of this year will not exceed 16 3% by volume, against a leap of 35% for the first six months of the year. It does not explain its calculation, but it is clear that it expects a slowdown in trade flows in the world.It probably also fear the consequences of wage increases in Chinese enterprises on the competitiveness of the country pay day advance.

"We will pursue a fiscal policy that anticipates events and a lax monetary policy remains appropriately," recalled last week Wen Jiabao on the occasion of the visit of German Chancellor Angela Merkel. And to reaffirm its confidence in the euro area stressing that China was keen to diversify its huge foreign exchange reserves (2454 billion in late June) by buying other currencies than the dollar, Japanese yen and the euro particular.

Strong pressure

But the Chinese are concerned. The decline in consumer prices in the U.S. in June for the third consecutive month, makes them fear a risk of deflation in the U.S..Deflation, which leads consumers to indefinitely postpone their purchases and that discourages entrepreneurs from investing.

Beijing knows that long-term revaluation of the yuan will allow its exporters to improve the management of their enterprises to go upmarket and strengthen their competitiveness. This is the speech that he held the Americans and Europeans that add such an operation will also contribute to "reduce inflationary pressures from outside."

But in the short term the Chinese authorities think that the pressures are too strong. So, although it continues to assert that it will maintain a "regime of managed floating exchange rate, the speculation began to say that it will limit increases its currency to protect its exporters.

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The information, published Sunday in the Official Journal, surged as health minister, Roselyne Bachelot. The prices of three brands of cigarettes will fall by 20 cents from Monday. This Rothmans, Lucky Strike and packets of Drum rolling tobacco. The government has no way to prohibit it.

Reacting on RTL, the health minister, Roselyne Bachelot, said Sunday it would propose an increase in tobacco taxes to counter the move by the industry when considering the budget bill. The minister, who denounced a "blow to public health", said she was "absolutely shocked".

Recalling that tobacco was responsible for 60,000 deaths a year, more than half due to cancer of the airways, Roselyne Bachelot said she heard "get cigarettes at a price deterrent.""Do not our mobilization efforts on public health is undermined by the initiative of industry," commented the minister.

"A health scandal"

The public health associations have criticized the approach on their side of tobacco. According to Bertrand Dautzenberg, pulmonologist, president of the French Office for the Prevention of smoking, the decline in the price of tobacco is "a marketing offensive to attract new smokers, particularly youth and women."

"Variations on the price of tobacco, which are the only effective lever for reducing consumption, are now in the hands of industrialists," he laments."This is a health scandal since this will automatically translate into increased consumption," adds Yves Martinet, president of the National Committee against Smoking (NCTC), which campaigns for "a new tax policy."

There are currently 29% of daily smokers and occasional 5% among French people aged 18-75 years. According to the French Observatory for Drugs and Drug Addiction (OFDT), the daily smoking for 28% of girls and 30% of boys and 17 years.

"And all indicators are now red," according to Professor Albert Hirsch, vice president of the National League against Cancer.The latest results from the annual survey conducted by the association without tobacco Paris, in partnership with the rector of Paris and the Fund's primary health insurance, and have recently shown a tendency to relapse to smoking among adolescents Paris, while the latter had given up smoking massively in the wake of the cancer plan.

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The Nikkei gained 0.24% timidly, to 10,260 points by 6:15, after having opened Tuesday's session up 0.76% for the Nikkei 225. While the broader Topix slid into the red, falling 0.3% to 917 points. On Monday, the Nikkei had slipped 2.17% at 10,235 points amid concern vis-à-vis the euro.

In Hong Kong, the Hang Seng has put forward more than 0.21%, to 19,756 points and the Singapore Straits Times 0.04%, to 2834 points. In Shanghai, the Exchange has started doing the yo-yo, before anchoring in the red: -0.64% to 2697 points.

Monday evening, the finance ministers of the eurozone met to discuss the single currency, which lost nearly 20% since late November 2009 including 13.5% since 1 January.The euro is a "credible currency, said on Tuesday, Jean-Claude Juncker, the leader of Ministers of the euro area.

If this decline in European currencies could help grow the Old Continent, mechanically, through the principle of competitive devaluation, foreign companies suffer a cost of more expensive imports.

Against the yen, the euro down 0.44% and also score 114.7 yen. Levels for 2009 and … early 2002.

The Bank of Japan lends to 0.1%

The Bank of Japan (BoJ) has announced plans to lend money at preferential rates of 0.1%, the interest rate, to companies investing in growth areas, the newspaper Asahi.The central bank should decide in principle on the plan at a meeting of its Monetary Policy Committee this week, before details of the next month, the newspaper said.

This project would support modest growth in Japan low fee pay day loans. In addition to promoting growth, the BOJ has taken steps in recent months to try and halt the deflation that has raged for over a year: It has increased to 20,000 billion yen (174 billion euros) the allocation to provide loans to very low rates to banks.

Back to profit faster JAL

The first Japanese airline Japan Airlines (JAL), currently under judicial restructuring, has set a goal of finding operating income from fiscal year 2010-2011, a year earlier than expected, says Mainichi newspaper on Tuesday.And, thanks to a plan to revive its business that includes an operating profit target of several tens of billions of yen (several hundred million euros) for the current fiscal year.The titles do cotent over $ 0.01.

At the Shanghai Stock Exchange, what are the values of the aviation sector suffering most: China Eastern Airlines: -4.55% to 3.33 Hong Kong dollars despite an increase in traffic in April, China Southern Airlines -3.77%, 3.32 HKD.

Moreover, the Japanese steel companies Nippon Steel (-2.4% to 326 yen) and Argentine Ternium (-2.93% to 33.5 dollars a barrel Monday) announced Tuesday that it plans to invest $ 350 million in common two and a half years in a joint venture in Mexico to manufacture sheets for the automotive sector.

This site eventually produce the equivalent of 400,000 tons "of galvanized steel sheet of high quality and high-grade" for the automotive industry in Mexico, including the Japanese manufacturers on site.

The NYSE is concerned. After closing at its highest since 18 months yesterday, the U.S. markets begin the meeting this Wednesday in the red. At the opening, the Dow Jones coward 0.23% to 10,826 points, the Nasdaq fell by 0.36% to 2406 points. The S & P is also losing ground: -0.35% to 1,170 points. The remote Greek crisis worried now overseas. To these doubts was added degradation by the rating agency Fitch of Portugal. Investors expect the EU summit tomorrow with more anxiety.

The new real estate undermines morale

Side indicators, the Commerce Department has issued orders for durable goods in February increased 0.5% from janvier.C is somewhat less than expected.

Later, the numbers of home sales, but new this time for February will be announced.Then came the weekly U.S. oil stocks, provided by the Department of Energy. Stocks expected to rise, which was lost over a dollar on oil Wednesday.

"The new home sales should remain very depressed. While sales in the former have declined less than expected, but in February they returned to their lowest level since 8 months, says it at Aurel bcg. The nine are still suffering the competition of the old and foreclosures. Inclement weather does not argue for a pleasant surprise on this indicator no credit check payday loans .But this figure is already bad clearly anticipated by the markets. "

Adobe in the viewfinder

Adobe Systems announced late Tuesday quarterly results for its 2009-2010 fiscal year better than expected and also reported predictions of the second quarter exceeded expectations.

MF Global has announced that the former governor and former chairman of Goldman Sachs, Jon Corzine, has been appointed executive director of the group.

In the property sector, Lennar has sharply reduced its quarterly loss, and assured to be on track to return to profit this year.

ConocoPhillips said Wednesday that it would halve its 20% stake in Russian oil Lukoil.

General Mills on Wednesday posted earnings per share (EPS) of 96 cents for its third fiscal quarter ended February 28, cons EPS of 85 cents a year earlier.

Dell targets a turnover of five billion dollars in China in 2010, according to CEO Michael Dell.

On the foreign exchange market, the dollar rose to its highest level in ten months and a half, about 1.34 dollar per euro, against a single currency penalized by the fact that the European Union (EU) could agree on an action at the International Monetary Fund (IMF) to stem the crisis in Greece.

Wall Street began the week slightly up on Monday after the Friday on sustained growth markets. The Dow Jones gained 0.18% at 10,585 points, the S & P 500 rose 0.17% to 1141 points and the Nasdaq ahead by 0.16% to 2330 points.

In the United States, week market will be under the sign of the American consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence. For specialists Aurel BGC, household consumption should remain strong after the employment figures released Friday very reassuring. Analysts fear, however, that severe winter weather does not disturb the profile of these two indicators in the short term unsecured personal loans