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The CAC 40 expected a slight increase

Monday, June 13th, 2011

Slight increase expected on Monday in the Paris Bourse, in the wake of the Asian stock markets, including that of Tokyo, weighed down by disappointing statistics, and uncertainties about the evolution of the global economy. On Friday, the benchmark index in Paris ended its session already clearly in the red (-1.90%) and signed a sixth consecutive week of decline, erasing its gains since the beginning of the year. At 8:15 AM, futures contracts on the CAC 40 advanced 0.17%, to 3803 points.

Clearly, the objective of the meeting will be to keep the bar of 3800 points, narrowly saved this weekend dernière.Aucun major macroeconomic indicator is expected for Monday of Pentecost, which is also expected to take place in low volumes. In this day of solidarity in which the majority of employees stay home, exchanges should in fact been limited.Especially as the business side, no publication is awaited. Again, macroeconomic considerations should therefore guide the market for the first weekly session, including uncertainties about the Greek situation.

Side currency, the euro remained under 1.44 dollars on Monday morning after he experienced back Friday when he was the most sold since the beginning of the month because of disagreements between the various parties the solution to support the Grèce.Vers 8:00 in Paris, the European single currency was worth 1.4343 dollars against 1.4348 dollars on Friday night after coming close last Monday the threshold of $ 1.47 for the first time in a month .

Same side of the volatility of oil prices in a market torn between the prospects of increased production by Saudi Arabia and the maintenance of quotas decided by OPEC.In morning trading, a barrel of light sweet crude for July delivery lost 9 cents 99.20 dollars. That of Brent North Sea crude for delivery gained 13 cents to equal 118.91 dollars.

As for values to follow

Altran

Yves de Chaisemartin lost Friday the group's management, the Board of Directors of the technology consulting company has designated Philip Hall to replace him.

Air France – KLM

The airline's traffic in the Paris airports Roissy and Orly airports may be disrupted on Monday due to a strike notice filed by a union of mechanics on the ground, have we learned from the company.

LVMH

Sephora, the cosmetics distribution subsidiary of luxury group, said to have strengthened his hand in the round of Corsica in Russia, becoming the majority shareholder in nearly three years after joining the company's capital .

EDF

NPP Bugey in Ain, had to reduce its production by 10-15% in late May and early June due to increased water temperatures of the Rhone, an effect of the heat wave spring.

Eutelsat

San Marino RTV has selected two Eutelsat satellites to broadcast its programs through Italy and Europe as of June 13

EADS

Airbus chief says EADS, parent company of Airbus, would be protected against hostile takeover bids but, to this end, it was not essential that Germany be a shareholder in the group.

Carrefour

The management of the distribution group said Sunday, a day after a protest movement, have made a major effort for employees of Carrefour Market stores in terms of purchasing power.

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New Aid to Greece: Berlin stands up to the ECB

Saturday, June 11th, 2011

Angela Merkel and her finance minister, Wolfgang Schäuble, returned armed with a new determination of their stay in Washington this week. The Administration of Barack Obama wants to see Germany play its leadership role in the crisis of European debt. The Chancellor and his lieutenant have closed ranks of their majority, to vote in the Bundestag the principle of a new aid to Greece. But Berlin has gone on the offensive against the European Central Bank (ECB) to try to impose a debt restructuring Greek.

Convinced Europhile, Schäuble got this Friday, the members support in principle for a new aid to Athens, after a fervent plea for the "German responsibility toward Europe.""It is we who have benefited most from the euro," insisted the minister, "and as such we have a responsibility towards Europe," and even "a responsibility to the world." After stirred a debate, members of the majority adopted a resolution supporting the principle of a new aid in Athens, under certain conditions. The text has a limited legal value, but for the government, its adoption has strong symbolic significance.

In his speech to the Bundestag, Schäuble indicated his willingness to agree with the ECB on modalities. Powered by government sources in Berlin, the German media are lashing on the ECB.

Accused of "Badbank"

Supposed to protect the euro by a foolproof financial orthodoxy in the German spirit, it has always been suspected by Berlin to maintain a "stability culture" doubtful.Here it is accused of playing the role of "badbank" because it takes as collateral assets degraded and Greek bonds bought on the market by threatening bankruptcy.

The debt restructuring Greek, considered indispensable by Schäuble, it would pose significant risk. Therefore she would have objected. The chief economist of the ECB, Germany's Juergen Stark, has protested against these accusations, this Friday, and defended the reputation of the monetary institution. "It is clear that the ECB and the Eurosystem took additional risks on their balance sheets," he conceded. He added: "It is misleading the public that the only point of balance sheet of the ECB, because monetary policy is conducted with the national central banks. We have monitoring bodies, we tightened our requirements for collateral accepted.We are neither naive nor ignorant of the risks. "Pushed by deputies and a disgruntled public, Schäuble is not ready to drop his arm wrestling.

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Bertrand Puech: "We are subject to constant attacks"

Monday, May 30th, 2011

Hermes is Monday night in Paris the first general meeting of shareholders since its entry in October 2010, the capital of LVMH (with 20% today). The heirs, who hold 72% stake, hoping to get the green light in September the Court of Appeal of Paris to their proposed freezing holding a majority of shares, to defend against a raid by Bernard Arnault. Bertrand Puech, president of Émile Hermès family (sole general partner of the listed company Hermes International), a member of the fifth generation of heirs, is against the proliferation of litigation against the project, including those of the Association for the Defence of Minority Shareholders chaired by Colette Neuville.

LE FIGARO. – What will you announce to the general meeting of Hermes on Monday night?

Bertrand Puech.- We will announce, as we know already that 2010 was one of the finest, if not the best year, Hermes has lived for 174 years. The results were extraordinary in an economic context that was not favorable. This allows us to pay a dividend of 1.50 euro increased significantly compared to normal.

LVMH will he represented and he can enjoy his voting rights? Are you afraid of possible obstructions of the meeting?

The shareholders are all invited no teletrek payday advance. LVMH said it would. He always said, if his friendship, in any case his pacifism. I am not chairman of the meeting but things should happen normally, as usual.

What do you think of recent legal actions taken by minority shareholders against the proposed family holding Hermes?

I do not understand.It's very sad and painful for members of a family committed to an ethic of openness and honesty for generations to be scratched before the courts, then we're just defending the values of quality. You should know that Ms. Neuville is a minority shareholder, who owns a single share, which represents only herself. She can not speak for the association which is not approved by the AMF. And it is wrong to fight. If she wanted to play a role in defense of minority, why does she not be interested in the fact that one shareholder said suddenly have 17% of our capital, purchased since 2008 without making it to the markets? I think she has given way to a big bad wolf.

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Reduce immigration, a red herring for economists

Friday, May 27th, 2011

In recent weeks the government has repeatedly expressed its willingness to reduce migration flows. In April, the Interior Minister, Claude Gueant, promised "to bring down the volume of legal immigration." This week, the immigration of work he begins work. "Contrary to legend, France did not need the skills of immigrant, said the minister. It has the resources necessary "to fill its vacancies and" did not need bricklayers nor servers restaurants. "It is common sense," outbid Tuesday Budget Minister Baroin. A sense that still leaves many economists skeptical.

"On paper, it may be tempting to put face to face and unemployed immigrants," said Patrick Simon, a demographer at INED.If the French labor market was free of immigrants, it would make it not even more vacancies for indigenous peoples whose unemployment rate is one of the main concerns? "They forget that these two categories of people are not interchangeable," said Patrick Simon. Clearly, natives and immigrants do not occupy the same types of jobs, and make little competition. "They would rather complementary. And in this regard, there is a relative consensus, says Xavier Chojnicki, economist at CEPII and University of Lille 2. Most studies find indeed a very small impact of immigration on unemployment. "

"In France and Europe, the labor market is very segmented," he says. Immigrants often occupy low-skilled jobs, low wages, difficult working conditions.Areas of restoration, construction and personal services for example, still struggling to fill jobs that natives consider insufficiently attractive. According to the latest survey on the needs of labor performed by employment center, 61% of the offers of aid to home and pose difficulties for recruitment. "If the stream of immigration had to be reduced, this would create further difficulties in recruitment of these areas," said Xavier Chojnicki. With a probable consequence of a sharp rise in the black.

20,000 people per year

"In addition, try to reduce labor migration is surprising because it includes more migrants selected," Patrick says Simon.These 20,000 people a year who come to work in France at the request of business owners do in fact represent a small fraction of the 200,000 immigrants who settle there each year, including family reunification or humanitarian grounds. "Employers expect an easing of the rules because they need the foreign labor," he says.

Since 2006 and until recently, Nicolas Sarkozy also advocated for a "selective immigration", encouraging the arrival of candidates selected according to their professional profile. "Since then, labor migration has increased from 10,000 to 20,000 per year," said Patrick Simon. A marginal number compared to 500,000 job vacancies currently unfilled in France. "In total, this is not much either compared to the total migratory flow," J. demographer.Because France, like most European countries, is struggling to bring immigrants into its territory the most attractive. As such, Canada, Australia or the United States doing well ahead of the game their best

The Paris Bourse falls below the 3900 points

Wednesday, May 25th, 2011

On Wednesday morning, the CAC 40 dropped: index assigns points to 0.73% and falls below the 3900 points to 3888.12 points exactly, having managed to scrounge a few points yesterday. Concerns over debt crisis persists European: German morale, according to Gfk survey, should continue its degradation in June for the third straight month due to the debt crisis in the euro zone and the outbreak oil. The index shows a decrease to 5.5 against 5.7 in May In addition, the Netherlands and Germany are threatening to commit the privatization of the Greek economy to foreign experts, reveals leFinancial Times.A new threat which seeks to lobby the Greek government to take drastic cost-saving measures.

All eyes are turning to the Minister of Economy Christine Lagarde, the favorite to succeed DSK to head the International Monetary Fund, which should give a press conference "important" to the Department late Wednesday morning. Moreover, in France, we look particularly figures on registered job seekers and job advertisements collected by Pole in April. Baroin, Minister of Labour, has already warned that the unemployment rate would decline again in April for the fourth consecutive month.United States, is expected at 14:30 durable goods orders in April, at 16.30, the weekly inventory of crude oil.

With regard to the Icelandic volcano, France should be minimally affected, which should reassure the airline industry.

The euro, he, relapse as well as the European crisis inqiuiète. The euro lost 0.49% against the dollar at 1.4034 dollar this morning at 9 o'clock.

Airbus confident for Le Bourget

Side companies, Cac auncune value is in the green. Among the largest declines, we find Vallourec (-2.06%) Alcatel-Lucent (-1.70%) and STMicroelectronics (-1.49%).

Consumer complaints of gas and electricity rose 25% in 2010, about problems with their energy supplier.The mediator of Energy notes that complaints from customers at 43% of GDF Suez (-0.45% to 25.56 euros), 38% of those of EDF (-0.42% to 28.14 euros), 12% of Direct Energy and 4% of customers Poweo (balance to 3.91 euros).

Airbus and its parent EADS (-1.09% to 22.32 euros) were optimistic Tuesday on future orders at the Paris Air Show in June in a market "active."

Carrefour (-0.45% to 30.15 euros) announced Wednesday the appointment of Mathilde Lemoine to the position of independent director of the group, replacing Jean-Martin Folz, who left the board for divergence of views on strategy.

The French group Alstom and its Chinese joint venture Casco signed two contracts worth a total of 85 million euros for the supply of signaling systems in metros of Shanghai (east) and Kunming (south).

The partner of minority shareholders (Adam) who assigned Tuesday referred the saddle Hermes (-0.88% to 174.30 euros) for "depriving" the essential rights to vote at the next family meeting, has been confronted with an invalid procedure and the case was adjourned to July 12. Or after the meeting to be held June 30

Casino (-0.46% to 72.96 euros) denied on Tuesday it had agreed to the opening of the opening of negotiations between the Brazilian distributor GPA, which holds 35%, and Carrefour Brazil.

PPR (-0.81% to 116.75 euros) and Volcom announced Tuesday it had received notification of the end of the statutory review period on the bid of French on the American brand.

Rexel (-0.73% to 17.60 euros) announced Tuesday it had won its bond issue of 500 million euros, whose order book has surpassed 1.8 billion euros.

Eurazeo (+0.02% to 56.25 euros) on Tuesday announced a capital increase, offering its shareholders one new share for 20 old shares held as of May 25, 2011.

The land Gecina (+0.02% at 98.52 euros), in 2nd place behind France in Unibail-Rodamco will continue to sell its assets in Spain and in the logistics industry, said Tuesday its chief executive Christophe Clamageran .

BioMerieux (-0.05% to 78 euros) announced Tuesday that the Health Authority (FDA) had recorded rapid testing and automated molecular diagnostic NucliSENS EasyQ MRSA screening for patients infected with Staphylococcus aureus resistant methicillin.

Europacorp (+0.24% to 4.22 euros) will publish its annual turnover, while LCD (poultry) will announce its annual results after-hours trading.

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Real Estate: INSEE rejects the idea of a bubble

Tuesday, May 17th, 2011

Soaring property prices in France in recent years seems more related to lack of supply that financial speculation, unlike the situation in Anglo-Saxon or Spain, said Tuesday the Chief INSEE, Jean-Philippe Cotis. This view of the National Institute of Statistics contrasts with the Center for Strategic Analysis, an agency attached to the Prime Minister, which evoked a few days ago the creation of a "bubble" of real estate in France likely to deflate with adverse effects.

According to a new study released Tuesday by the INSEE, house prices in France have increased by 141% over the period 1998-2010, more than three times faster than income (+43%). Meanwhile, rents, which are framed, up 33%, averaging 2.4% annually, a rate higher than inflation.

No excessive investment

The curve of property prices in France until 2007 has been a path quite similar to that of the United States. But the two markets have not experienced the crisis in the same way: while the price of old fell rapidly in the U.S. market from 2009 to regain a level near that of the early 2000s, the correction in France been limited (-7% in 2009) and prices are starting to rebound quickly (+6.3% in 2010), as the volume of transactions, almost returned to its pre-crisis. However, the price level in France does not necessarily mean a "financial imbalances," said Jean-Philippe Cotis at a news conference. "In France we do not see a surge of investment, excessive investment in real estate that would have justified a lurch as the one we saw in the Anglo-Saxon or Spain," Has he said.

"It is more towards the real economy and the scarcity of the physical side of financial complications," he added. According to the latest figures from the Federation of developers (REIT), housing dwelling sales in France fell by 11% in the first quarter versus the same period last year. Stressing the role played by the shortage of housing supply, Jean-Philippe Cotis raised the level "relatively modest" investment in construction no teletrack payday loans. "The situation in France and the United Kingdom seems to reflect scarcity rents physics," he said, noting that low interest rates they had different effects in the United States and Spain "where the speculative dimension was clearly established. "

Housing weigh more on the budget

Due to an explosion in property prices that rose faster than incomes, the French spend, according to Insee, share more and more of their budget on housing. Rent or monthly repayments of borrowings, accrued expenses, but also collective individual energy and water strain their finances, including those of less affluent households. Thus, 3.8 million households (14% of total) are found living in "fuel poverty" because they spend more than 10% of their income to pay their energy bills for heating and lighting, to A study entitled "to have or spend too cold to warm" conducted in 2008.

30% of French must repay a mortgage.In seven out of ten cases, the mortgage debt used to purchase a principal residence or other property or land. In other cases, it is used to finance renovations. The grant depends on the creditworthiness of the applicant, the proportion of households with a mortgage is therefore with the level of revenu.Le amount of repayments of loans related to housing is only an average of 745 euros per month 2008, according to results of another study on "the debt and the use of banking services."The burden of repayment of loans averaged 21% of disposable income.

If the weight of bills related to a mortgage is on average three times higher than that of a monthly consumer credit (259 euros on average), the latter result, however, more often unpaid and the filing of a record of indebtedness.

(With agencies)

Shy up to Wall Street

Wednesday, May 11th, 2011

The U.S. stock market should open again close to equilibrium Tuesday. Futures on Standard & Poor's 500 and Nasdaq 100 advance respectively from 0.02% to 1343 points and 0.04% at 2387.50 points. On Monday, Wall Street has ended in the green, encouraged by a slight rebound in oil prices and raw materials. The Dow Jones gained 0.36% to 12,684.68 points and the Nasdaq 0.55% to 2843.25 points. For its part, the broader index Standard & Poor's 500 advanced 0.45% to 1346.29 points.

But this morning, oil prices gave way to new ground. In New York, crude oil fell by 0.95% to 101.57 dollars a barrel in trading before the market opens.

Greece does not discuss additional assistance, sources said Tuesday Greek and European senior, denying a news report that suggested a new plan of 60 billion euros.This information has boosted European values that are returned to the rise in the morning.

Caution should however remain appropriate. Investors will closely follow the issue in six months in Athens, amounting to 1.25 billion euros.

Market experts are also of IG also noted that the record number of Chinese exports in April could mean a new next monetary tightening by Beijing to prevent a runaway Chinese economy.

On the macroeconomic front, the U.S., investors will be watching in particular, import prices in April to be published shortly before the opening.

On the foreign exchange market, the euro was stable against the dollar on Tuesday.About 11:00 am in Paris, the euro was at 1.4365 dollars against 1.4358 late Monday.

The side of values

The mergers and acquisitions continue in the technology sector. Microsoft would be so close to a deal to buy the leading Internet telephony Skypepour $ 8.5 billion. That night, the Wall Street Journal said that Microsoft was willing to pay more than $ 7 billion. If the amount of over $ 7 billion were true, it would be one of the largest acquisitions in the history of Microsoft, the newspaper said.Nvidia announced the previous day, buying the company Icera, which makes chips for mobile phones and tablets for $ 367 million.

For its part, Google should launch a new online music service Tuesday, modeled on that of Amazon, reports the Wall Street Journal citing people familiar with the matter.

Still according to the Wall Street Journal, the U.S. oil giant ExxonMobil is in talks with Indonesian PT Pertamina, which could buy him for $ 3.5 billion share of 25% in an exploration project in Angola.

For its part, the IT group Hewlett-Packard (HP) announced Monday after the close of Wall Street, a new architecture designed for networking and Internet requirements, impinging directly on Cisco products.

The website YouTube video-sharing became owner, with a catalog of 6.000 films that U.S. Internet users can look through flow generally from 2.99 to 3.99 dollars per film.

Also note Activision Blizzard has reported earnings per share in the first quarter of $ 0.13 against $ 0.08 and an expected turnover of 755 million dollars against 663 million expected. For the full year, the videogame company expects a turnover of 3.95 billion dollars against 3.9 billion previously.

Fluor Corp. has announced new contracts in the first quarter of 2011 amounting to $ 3 billion in Australia with BHP Billiton to develop the mine Jimblebar.

Also note, Freescale, a specialist in semiconductors, Motorola's split in 2004, provides for an IPO. The company would raise more than $ 1 billion.The company has retained an indicative price range of 22 to 24 dollars per share according to a document filed with the SEC. The funds raised will be used to repay debt. The day before, the Internet social network LinkedIn has published the documents for its IPO. The company wishes to issue 7.84 million shares at a price between 32 and 35 dollars. The total investment amount and between 250 and 274 million dollars, more than $ 175 million proposed earlier this year. The total value of the group is close to 3 billion.

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Greece Tripping the CAC 40

Monday, May 9th, 2011

The sessions will follow, but does not resemble the Paris Bourse. The CAC 40 is up in the red on Monday, after climbing from 1.33% Monday, following good U.S. job figures released Friday. The index in Paris dropped by 1.25% to end 4007.26 points at closing and narrowly saves the threshold of 4000 points which had been lost during the day.

The other European financial centers retreating in unison. The Dax in Frankfurt Stock Exchange lost 1.09% to 7410.52 points and the London FTSE loose 0.57% to 5942.69 points.

S & P demoralizes markets

Poor market sentiment was caused by the decision of the rating agency Standard & Poor's on Monday lowered by two notches the rating of Greece, due to the increased likelihood of debt restructuring .It also warned it could further lower.

The rating of the country's long term debt is reduced to "B" cons "BB-", which meant that Greece became deeply into the category of unreliable borrowers. His short-term debt is rated for its part "C" cons "B" before, according to a news agency. These ratings remain on negative watch, meaning that the agency could decide quickly lower them again. S & P said its decision on the fact that governments in the euro area, which have agreed to postpone the due date for repayment of their loans to Greece, could be tempted to demand a similar effort on the part of private creditors the country.

After this announcement, the euro goes off in decline against the dollar, trading at 1.4287 dollars at the close of European markets.

Investor sentiment decline

On the macroeconomic front, Bank of France (BoF) provides a first estimate of growth of 0.5% in the second quarter of this year. BdF anticipates a 0.7% gross domestic product for the first quarter.

The business survey from the Bank of France reported a moderate increase in activity in industry in April.The business climate indicator in industry decreased by three points to 107 while in services it has dropped one point to 102.

Investor sentiment in the euro zone fell again in May, with an index standing at 10.9 after 14.2 in April and 17.1 in March, the monthly survey showed Monday from research firm Sentix .

Financial stocks unscrew

Financial stocks post steepest declines in the CAC 40, while the financial situation of Greece worried, so much so that a new EU aid is getting ready by 2012. AXA (-3.52% to 14.65 euros) is an outlier of the index. It is followed by BNP Paribas (-2.74% to 52.94 euros), Societe Generale (-2.62% to 42.18 euros), Credit Agricole (-2.58% to 10.75 euros) and Natixis (-2.30% to 3.81 euros).

Rumors of transfer and acquisition for Lafarge at GDF Suez

CNP Assurances: -3.60% to 14.73 euros

CNP Assurances reported Monday a net profit in the first quarter down 3.6% to 270 million euros, affected by a strong contraction in sales (-14.1%).

Lafarge: -1.31% to 45.07 euros

Lafarge and Anglo American want to sell 600 million pounds (680 million euros) in assets to their new joint British company, whose creation was announced last February, the Financial Times.

GDF Suez: -2.32% to 26.09 euros

GDF Suez wants to establish a renewable energy division and will consolidate its ten subsidiaries producing green energy in France, according to Les Echos.Also according to the economic daily, the group would be interested in the Italian Sorgenia, 52% owned by the holding of the CIR De Benedetti family and 45% by the Austrian Verbund.

Euler Hermes: -7.67% to 66.13 euros

The credit insurance group Euler Hermes has done in the first quarter 2011 net income rose 58.2% to 75.3 million euros thanks to the continued recovery of the global economy observed in 2010. Turnover increased 7.6% to 544.1 million euros.

Iliad (Free): -0.31% to 87.55 euros

Numericable could announce the launch of a mobile telephone within 40 euro on Wednesday as well and hunt on the land of the Free (Iliad). The mobile virtual network operator (MVNO) that rents the network Bouygues Telecom is the origin of the site larevolutiondumobile.com.The group has denied wanting to launch an unlimited mobile plan.

On the podium of the largest increases Cac 40 include Alcatel Lucent (3.80% to 4.36 euros), STMicroelectronics (1.31% to 8.12 euros) and Accor (0.90 to 29% , 12 euros).

Vilmorin: + 1.40% to 86.95 euros

Vilmorin is up over 8% of its consolidated revenues for the year which ends in late June, when he was counting on this to 7%. The group also announced an operating margin target of 13% throughout the year, against 10.3% in 2009-2010.

Technip: 1.26% to 71.79 euros

Technip won a contract worth approximately EUR 55 million from Statoil for the development of the Vigdis field NE, located in the Norwegian Sea.The contract includes the supply of pipes to be installed by mid-2012 in water depths of 220 to 310 meters.

Air France-KLM: -1.91% to 12.04 euros

The passenger traffic of Air France-KLM jumped 23.1% in April, an increase that is "not significant" compared to April 2010 during which the European sky was blocked by the eruption of an Icelandic volcano, said Monday the airline group. In the past month, Air France-KLM carried 6.36 million passengers (+28%).

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Income: that French employees win

Wednesday, May 4th, 2011

Click image for larger graphic.

In 2008, a French employee earned 18,800 euros net on average per year. He saw his salary increase by 1% on average annually since 2004. Women earn less than 27% of men and less than 25 years earn 60% less than employees over 40 years. In the private sector, executives show average annual wage income of 38,800 euros, which means they are about three times better than a paid worker or employee.

In public, a government official earns 8,000 euros a staff of more territorial and 2500 more than a hospital worker.These are some lessons from the 2011 Survey of Employment and Earnings "of INSEE.

Underperforming academic specialties

More specifically this year, government statisticians are wondering if specialized training had a significant impact on employment and wages. Their response is positive. "For the same level of education, holders of professional specialties are generally less unemployed than graduates of academic specialty," say the authors of the study.

There are two types of specialized training in language INSEE, "a specialty of targeted professional training" (mechanics, accounting, healthcare, secretarial, trade payday loans in 1 hour…) or a specialty academic (humanities and social sciences, humanities, languages …) . 61% of assets from 15 to 55 are in the first case, 12% in the second.A quarter do not fit into any category, either because they have no diploma (18%) or because they have a general education secondary school certificate type (8%).

The educational level is particularly important determinant of wages. 5 bins earn about 70% more than the CAP-BEP, with a premium for jobs related to accounting, finance, human resources, operation of the business or law.

Some specialties are finally learning is highly specific. Graduates in hospitality-tourism obtain value well their training if they have a job in this field and despite a high unemployment rate. Conversely, those in finance and accounting experience a low rate of underemployment and have pay above average, they work or not in their field of training.

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The majors of the black gold reconnect with the super-

Friday, April 29th, 2011

It's a good week ending for large oil companies. Alternately, the ExxonMobil, Shell and BP have announced excellent quarterly results, driven by inflation of a barrel. Friday, Total and Chevron have completed this list of "super-" the French group has a net profit of 3.9 billion euros. Enough to power once more controversy when fuel prices are stealing record after record. Currently, a liter of super unleaded costs an average of 95 € 1.53 in France. And Christophe de Margerie, Total's chief executive, has incurred the wrath of the Elysee Palace after stating that the milestone of 2 euros was in the order of things.

Click on image to enlarge.

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