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In Spain, the "lost generation" remains committed

Sunday, May 22nd, 2011

The economic austerity, mass unemployment and the impending local elections have, since last Sunday, the emergence of a broad popular movement among the youth of Spain this week. Los indignados ", ie Indignant, as they call themselves, occupied since last Sunday instead Madrid Puerta del Sol.

Now "illegal", the electoral truce in effect banned the demonstrations, but determined to hear their ras-le-bol of the crisis and unemployment, hundreds of youths were mobilized Saturday in the camp alternative to the Puerta del Sol in Madrid .Shouting "we are now illegal," an immense crowd welcomed Friday at midnight on the start of the truce, after, at the stroke of the clock, symbolically launched a "silent scream" of scotch tape on the mouth, arms raised to heaven.

"Apolitical" and "citizen"

Saturday morning, a thousand protesters still occupying the "village" of tents and plastic sheeting instead of blue madrilène.L agency Efe, based on counting a specialist company, puts the figure of 19,000 protesters Friday night to the Puerta del Sol and surrounding streets, crowded. Other media put the number at 25,000 to 60,000 in Madrid and throughout Spain. The movement has indeed spread throughout Spain under the slogan "Toma la plaza" (Takes place). It is present in 57 cities.The youth movement, building on its growing popularity, plays on the ambiguity of the law and the embarrassment of the government, repeating that he is "apolitical," "citizen" and that the days of Saturday and Sunday will be devoted to the pursuit of "reflection" collective. "We act in full respect of the truce election meetings will be held but no action will be decided," Lopez said Saturday, a spokesman.

"We do not want to overthrow the politicians, just to restore the level of concern of the street, told El Pais Gandara, a spokesman of the movement. "We are not anarchists, nor opponents of the system. We are just normal people "who want a form of participatory democracy.

This spontaneous mobilization, also called the May 15 Movement, was organized as the Arab revolt, via online social networks Twitter and Facebook and on the principle of "right to be indignant." Wednesday, El Pais had counted 10,000 participants in Madrid. The watchwords: the stranglehold of the major parties on Spanish politics, social injustice and the "corrupt politicians". In the background, an unemployment rate of 21.19%, the highest in the euro area, which affects almost half the age of 25.

Police Discrete

"I have great respect for those who demonstrate, they do so peacefully, and I understand that this is due to the economic crisis, in their desire to find a job," said on Friday the first Outgoing Minister Zapatero socialist on the radio Cadena Ser.

The police presence, despite a ban on protests, remained quiet throughout the evening, limited to a few police cars parked around the square. The government, embarrassed by this spontaneous movement occurred a week of regional and local elections on Sunday ahead disastrous for the Socialists, had said on Friday to show "understanding."The Interior Minister Alfredo Perez Rubalcaba, had suggested that police action could be avoided provided that no overflow takes place.

Almost 140,000 less unemployed in 2011

Saturday, May 21st, 2011

The crisis is confirmed a little more. The system of unemployment insurance (Unedic) has revised its forecast Friday for job creation and unemployment for 2011 and 2012. And the conclusion optimism grows. On the basis of assumptions "realistic and reasonable" GDP growth (+ 1.8% in 2011 and 1.7% in 2012, where the government plans + 2% and 2.25%) and payroll (+ 3.1% this year and +3.5% next year), Unedic provides an acceleration in job creation two years: 146,000 in 2011 and 168,400 in 2012, against 119,700 estimated in 2010.

This translates, of course, by an encouraging trend on the number of job seekers. Unedic estimated that the number of registered Class A employment center (the unemployed with no activity) will drop by 138,000 this year.But this decline will be largely offset by the continued rise in the number of jobseekers who had reduced activity (categories B and C) or are exempt from search: + 98 000 people. "The job was restarted by acting through short-term contracts," said Geoffroy Roux de Bezieux, Vice-President (MEDEF) of UNEDIC. There should be a reversal in 2012 with the creation of more full-time jobs. "Confirmation Bonnand Gaby, President (CFDT) of the institution:" The number of unemployed decreased activity continue to rise this year but decline in 2012. "In fact, next year, the decline in the number of unemployed in category A (- 92,000) will be amplified by the Class B and C and provided research (- 31,000). As the number of unemployed receiving benefits, it will drop by about 80,000 per year, the next two years, after rising 51,500 in 2010.Forecasts "in line with the data of the first month of the year," Vincent assured Destival, director of UNEDIC.

No drop in fee

These data will have a significant impact on the accounts. The cumulative deficit (8.5 billion euros at end 2010) will reach 10.5 billion at December 31, 2011 while he was withholding $ 14 billion a year ago. It will drop even late 2012 – albeit slightly, from 200 million – to around $ 10.3 billion. "This is the first since the crisis began that record a positive result, welcomed Geoffroy Roux de Bezieux. But he remained a heavy debt that will not even consider a reduction in contributions. "

Unedic also fired "key findings" of the 2008 crisis. The decline in employment of 500,000 jobs in two years, was lower than expected."She has twice been less pronounced than the value when the two had fallen back in the same proportions in 1992 and 1993," says the plan. "Companies have behaved more virtuous and long-term approach, and tried to keep their employees as long as possible through mechanisms of partial unemployment," said Geoffroy Roux de Bezieux justified.

Another observation: the resumption of job creation occurred earlier than expected, since early 2010. "This confirms the assumption that labor productivity per capita weakened by the crisis," Gaby Bonnand found. As a result, having decreased by 1% since early 2008 when she posted eight quarters after the recessions of 1992 and 2001, an increase of 1%.This was then translated violently in unemployment figures.

Bin Laden, a fortune dedicated to terrorism

Monday, May 2nd, 2011

Difficult to assess the fortunes of Osama bin Laden, as the opacity of its funding sources has always prevailed. Before the attacks of September 11, 2001, the financial empire's founder and leader of al-Qaida announced until his death last night, was estimated between 30 and … $ 300 million. Only certainty, the first pillar of the wealth of terrorism based on the legacy of his father.

Mohammed bin Laden, Osama's father, made his fortune in construction and public works. At the latter's death in 1967, the leader of al-Qaeda share the inheritance with her 54 brothers and sisters. In all, Osama Bin Laden "received between 12 and 15 million dollars" between 1974 and 1994, according to Yeslam bin Laden, one of his half-brothers.

Present in 35 countries

Some of the funding received has been reinvested in other companies in Saudi Arabia or Sudan, thereby making a profit.Osama bin Laden had created a parent company, Wadi al Aqiz, head of a network of numerous legal societies and implanted in nearly thirty-five countries.

The Ladin International Company, an import and export, Taba Investment and Hijra Construction Company, specializing in construction are among the largest subsidiaries of the businessman terrorist. But these companies also served as cover for militants of al-Qaida. They fund training camps or buying weapons and receive "gifts" from Islamic banks branched through accounts and offshore tax havens.

From multinationals to SMEs

With the end of the first Gulf War in 1991, and the installation of U.S. bases on Saudi soil, Bin Laden decided to conduct a holy war against the United States. Replica of Washington and its alies: its funds are now tracked.Bin Laden fled to Sudan from 1994 to 1996. He bought land, invested in small business. Like the international financial network created in the 1980s, these companies often have two facets. Peanut farm houses a terrorist training site.

Managed well, business does not rotate at best. Bin Laden is forced to lower wages and to sell certain subsidiaries. No matter: "Terrorism is a low cost business," writes the Wall Street Journal in September 2001. If the September 11 attack has cost 400,000 to 500,000 dollars, the 1993 bombing against the World Trade Center would need $ 10,000.

Afghan exile

Expelled from Sudan in 1996 under pressure from the Americans, bin Laden returned to Afghanistan. The Sudanese government expropriated the terrorist during flight, according to the report of the American Committee of Inquiry on September 11.This second exile seems to coincide with increased financial difficulties on the ground. The branch of al-Qaida in London would have experienced problems paying their phone bills. For many decades, "Bin Laden has engaged in activities that eat money, but do not create," says the Saudi dissident Muhammad al-Massari, quoted by the Wall Street Journal.

Still, bin Laden also benefits from the charity to Muslims around the world, but that they know so far that their donations would be used to finance terrorism. According to a diplomatic report from 2009 revealed by Wikileaks, the Americans suspect of private foundations in Saudi Arabia, Kuwait and Qatar to finance terrorism without limit. The villa in which Bin Laden has spent his last days, near Islamabad, is estimated at nearly one million dollars.

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The Paris Bourse passes the 4100

Thursday, April 28th, 2011

The CAC 40 continues its forward march on Thursday. At closing, the Cac 40 was even offered the luxury of spending the technical threshold of 4100 points to 4104.16 points for a gain of 0.90%. Paris appears on the rise for the sixth straight session. As in Asia, Paris markets in turn react positively to the long-awaited announcement of the Fed on U.S. rates. The latter decided to continue its accommodative monetary policy for an extended period.

On other European markets, the upward trend is also valid. The London Stock Exchange 0.02% gleans 6069,09,10 points. For its part, the DAX index of the Frankfurt Stock Exchange gained significantly more (0.96%) to 7475.86 points.

Investors ignored the statistics expected across the Atlantic on Thursday, beginning with the first estimate of first quarter GDP and weekly jobless claims.As expected, U.S. growth slowed in the first quarter with a 1.8% annual rate. The ball quarterly publications will also be given to: Procter & Gamble, Microsoft, Expedia and Colgate Palmolive are scheduled.

In France, last month, spending on French household consumption of manufactured goods fell by 0.7% over one month after rising 0.9% in February, Insee said Thursday. Throughout the first quarter, spending still increased by 1.2%, after +1.8% in the last quarter of 2010.

Side currency, the euro climbed sharply against the dollar since the Fed announcement. About 11:00 am in Paris, the euro bought 1.4834 dollars against 1.4785 dollars late Wednesday.On oil markets, a barrel of light sweet crude for June delivery gained 61 cents to 113.37 dollars while that of Brent North Sea also June delivery increased 62 cents to 125.75 dollars. The sharp weakening of the U.S. currency has elsewhere led to a surge in price of an ounce of gold above the threshold of 1,530 dollars for the first time.

Rafale PUBLICATION IN

As for French companies, investors must digest another round of results:

NYSE Euronext: + 0.02% to 26.78 euros

The transatlantic exchange group NYSE Euronext, which is the subject of two competing takeover bids, posted a net profit of 155 million dollars in the first quarter, up 19% year on year.NYSE Euronext is now convince its shareholders of the merits of his choice to continue on the path of rapprochement with Deutsche Börse, as he rejected the offer-cons, yet higher than 20% of the two U.S. exchanges, Nasdaq OMX and Intercontinental Exchange (ICE).

Saffron: + 6.17% to 25.56 euros (largest increase in the SBF 120)

The group announced on Thursday a rise in its quarterly revenue exceeding its target for the year, driven by activities of aerial and optronics, and reaffirmed its forecast for 2011 and its confidence for the following years.

Eramet: -1.43% to 265.45 euros

The mining group has achieved a turnover of 973 million euros in the first quarter, up 23%, thanks to increases of 35% nickel and 30% in alloys.Its operating income should be at least semi-equal to the corresponding period of 2010 excluding special items, after a surge in sales in the first quarter.

Gemalto: -0.29% to 34.96 euros

World number one smart card noted in the first quarter up 17% of its sales to 444 million euros a year, driven by its main activities. It confirms its outlook for fiscal 2011.

Technip: -2.46% to 74.96 euros

The specialist oil and gas equipment announced better than expected margins in the first quarter and confirmed its overall outlook for 2011.He always aims for this year a turnover of approximately 6,500 to 6.7 billion euros against 6.082 billion in 2010.

Sanofi-Aventis: +0.08% to 53.30 euros

The group released on Thursday quarterly earnings affected by competition from generics, but slightly better than expected and announced that its annual results would be reviewed during the semester payday loans guaranteed no fax. In late March, the turnover came out down 1.5% to 7.78 billion euros, generics that cost him 569 million euros in turnover over the first quarter of 2010.

Suez Environment: + 4.02% to 15.52 euros (largest increase in the ACC)

The group has published performance increase in the first quarter thanks to strong growth internationally, and has confirmed all its targets for the period 2011-2013.The turnover reached 3.514 billion euros in the first quarter, registering an increase of 14.3% (+13.5% at constant exchange rates), while EBITDA was $ 592 million, an increase of 28.6% (+25.6% at constant exchange rates).

Imerys: -0.44% to 52.44 euros

The group announced on Thursday a net improvement in its quarterly results, benefiting in particular the improvement of the construction market in France, said he expected an improvement in its performance throughout the year.Imerys has improved its operating margin by 1.9 points to 13.2% and increased its turnover by 13.7% at constant exchange rates to 882.7 million euros in the first quarter.

PPR: + 1.98% to 120.80 euros

The group saw sales jump 26% in luxury in the first quarter, boosted by a dynamic Asian still as powerful and a brilliant performance in the United States.

Gameloft: + 5.68% to 4.84 euros

The group announced a 20% growth of its turnover in the first quarter of 2011 to 39,500,000 euros.The company anticipates a year again growing at its turnover and profitability.

NextRadioTV: -0.51% to 15.57 euros

The media group has announced a turnover up 14% to 35 million euros, 15.7 million (+15%) for its flagship radio and 10.2 million for its TV division (+25%) . He announces "positive outlook for the first half of 2011."

Technicolor: -1.51% to 5.15 euros

The group announced on Thursday a rise of 15.4% of its turnover to 812 million euros in first quarter (+16.2% at constant exchange rates) and confirmed its targets 2011.

Ipsos confirms its objectives

Ingenico: + 0.91% to 33.10 euros

The group raised its growth target for 2011.It is now targeting sales at constant scope and exchange rates, greater than or equal to 985 million euros, while it had announced a target located between 965 and 985 million euros.

Ipsos: -0.21% to 35.29 euros

The group confirmed its targets for 2011 after recording an increase of 6.2% of its turnover in the first quarter despite the continuing fall in the market for public education in Britain.

Klépierre: + 1.77% to 27.62 euros

The group announced a slight increase in rents in the first quarter, thanks to its shopping centers, despite a slowdown in consumption in Europe.

Unibail-Rodamco: + 0.84% to 156.30 euros

The group has appointed Christophe Cuvillier, former CEO of FNAC and Conforama, the Executive Group property as "General Manager Operations."He replaces Michel Dessolain, board member since 2007, appointed Director General of the strategy.

New field for Total

Total: + 0.96% to 43 euros

The oil discovered in south-eastern Bolivia a major gas field that could initially produce up to 6.5 million m3 per day.

Bioalliance Pharma: 2.48% to 6.20 euros

The group has announced an expansion in Germany and Spain for its Phase II clinical trial of clonidine Lauriad in patients with cancer of the head and neck.

Always on the side of publications, after market, Saint-Gobain, Sechilienne-Sidec, Crit and Vinci will unveil their turnover in the first quarter. Compagnie des Alpes will unveil its second quarter revenues.The results of the first quarter of Sequana, Saft, and Bongrain are also expected.

Eurotunnel, Danone and Plastic Omnium hold their general meetings starting respectively from 10.15, 14.30 and 17 hours.

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The CAC 40 in balance before ECB decision

Thursday, April 7th, 2011

While the indexes rose slightly, the Paris Bourse started the meeting at equilibrium (0.01%) to 4048.70 points. Investors refrain from taking a position on the market, before the decision of the European Central Bank, although the likely rate hike is widely anticipated and call for help from Portugal last night reassured that U.S. investors .

Thus, what appeared to be evidence was admitted yesterday by the Portuguese government. In a televised address, Prime Minister Jose Socrates has "decided today to send a request for financial assistance to the European Commission." The country needs 4 billion now and $ 5 billion by June. The situation is complicated by the legal vacuum following the resignation of Prime Minister. The negotiations revolve around and emergency assistance.The EU, however, conditioned its support for an overhaul of public finances in Portugal. Discussions will continue on Friday and Saturday. European finance ministers gather for a meeting should focus on saving the country.

Other key information on European markets: higher rates in Europe, a first for nearly three years, to be announced this afternoon. Eager to curb inflation, the European Central Bank should raise rates a quarter point. Its president, Jean-Claude Trichet, says that this measure will not be the first in a series of rate hikes, but investors do not believe a single intervention without consequences. The Bank of England also held its monetary policy meeting, but the status quo is expected.

Commodities hit record highs

In statistical terms, we will know at 8:45 figures of Foreign Trade (Customs) in France, the spring report on the German economy to 12 and claim weekly unemployment benefits in the United States. Moreover, the Fnaim unveil its quarterly figures on the housing market. Breathlessness is due.

As for raw materials, oil remains at record highs. The price of a barrel of oil surpassed $ 109 for the first time since September 2008 on Wednesday in New York, still supported by the fighting in Libya, plus a weakening of the dollar easy payday loans. As for gold, it touched a new historic high at 1459.07 dollars an ounce.The euro reached a peak of over $ 1.43 from the November 2010 1.4283 dollar and falling at its highest since late January 2010.

Oil stocks followed very

In terms of companies, oil securities (Total, Technip, Vallourec in particular) will be well attended, while gold prices breaking record after record black. The bank will be under the spotlight because of the financial news hosted.

The title EDF also mobilize the attention of investors. A parliamentary report provisional indeed indicates that the electrical lights does not give its subsidiary ERDF resources needed to improve the quality of electrical networks.The mean time to failure of electricity in France has almost doubled in eight years, from 43 minutes in 2002 to 84 minutes in 2010.

Eurocopter, another subsidiary of EADS, should it receive government assistance of 550 million euros, said La Tribune. Moreover, as the branch president of Airbus China, a subsidiary of EADS, Chinese airlines will wait a bit before being seduced by the A380, because they are traditionally reluctant to buy a model early in its development program.

Rhodia Alliance, the association of employee shareholders of the French chemicals group, announced Wednesday that it recommended a friendly takeover offer of 3.4 billion made by the Belgian group Solvay

Five employees of the German subsidiary of Areva are under investigation for corruption, led by the prosecution at Nuremberg.They reportedly paid bribes wines from several tens of millions of euros between 2002 and 2005 to win contracts. Areva NP, a subsidiary of Areva and Siemens, would not be questioned.

The strategic plan of Crédit Agricole disappoints

Thursday, March 17th, 2011

"Our ambition is strong and serene, but without straws," says Jean-Paul Chifflet, CEO of Credit Agricole in an interview with Les Echos on Thursday. "I keep my promises." While the group presented on Thursday its strategic plan 2011-2014, who is head of the first French banking group (21 million customers) confirming the objectives announced last year, net banking income exceeding 25 billion euros and a net profit of group of six to seven billion euros in 2014 is double that recorded in 2010, "which was between 3 and 3.5 billion euros excluding one-off" according to Jean-Paul and Chifflet 1.26 billion if one includes them.

The banking group and does not sell the 20% stake in Spanish bank Bankinter and its two subsidiaries Cheuvreux and CLSA if talks with China's Citic Securitiesen for a reconciliation fail."We will probably changes in activities that are not considered core business," says Jean-Paul Chifflet.

"To become the reference in Europe in terms of proximity"

To meet its objectives, the group has a priority focus on organic growth in all sectors guaranteed fast personal loans. "We've done these past years of large transactions, recalled the general manager of Credit Agricole SA (Crédit Lyonnais, Indosuez, Finaref Cariparma, etc..). The priority now is to reap all the benefits and amplify the effect group. "

The banking group hopes to remain a leader in France and aims for it to grow by 2% to 3% per year in the Regional Banks and Crédit Lyonnais. And this, staying engaged in Europe. "This market remains a market of interest", says Jean-Paul Chifflet. In 2020, it still represents 32% of global GDP.We're very comfortable. " The officer cited the example of the areas of environmental economics, health, welfare, retirement, food or housing. "We want to become the reference in Europe in terms of proximity," he says in the Financial Times on Thursday. In this segment, Credit Agricole targets a revenue growth of between 10% and 12% per year on average.

At the Paris Bourse, the title loses 0.53% to 11.22 euros while the CAC 40 climbed 1.17% to 3739.79 points.

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The Cac 40 remains on an uptrend

Tuesday, March 1st, 2011

After the nice gains yesterday on Wall Street and in Asia this morning, European stock markets open in green on Tuesday morning, even if the pace of increase was less intense than yesterday. In Paris the Cac 40, which closed yesterday on a sharp rise of nearly 1% above the 4100 points ahead of 0.40% to 4226.77 points in early trade. Investors are also relieved as downward pressure on the oil market, while Saudi Arabia has shown its determination to act if necessary.

On the foreign exchange market, the euro took a breather after its recent gains on fund prospect of higher interest rates from the ECB in the coming months, while inflation in European countries raises the pressure.A euro is worth 1.3798 dollars on Tuesday morning around 9 o'clock, as els from 1.38.

Tuesday, statistical side, the manufacturing PMI (Markit) will be released at 9:50 and will be released on turnover in industry and construction in December at noon. But the most anticipated figures today are those of the French automobile market for the month of February, while the effect of end scrapping should weigh on sales volumes as groups PSA Peugeot and Renault. We will look at the impact of these data values and automotive equipment manufacturers (Michelin, Valeo, Plastic Omnium, etc..) Stock exchange.

Faurecia is one of the largest increases in the Paris stock exchange (2.11%), like the rest of the values car: on the CAC 40, Renault and Peugeot advance of 1.43% and 1.74% and included in the first two steps of the podium.

Note that PSA and BMW are challenging Toyota in the hybrid car.The two groups will invest 100 million euros in their joint venture. Research and procurement will be located in Germany, while production of components will be located in Mulhouse.

Technicolor has reduced its losses in 2010

On the values front, sales of the former Thomson – on the brink of bankruptcy in 2009 – have rebounded throughout the year. The net loss of 69 million has been divided by five.The title is heavily punished: -6.93% to 5.10 euros, the largest drop in SBF.

Vivendi (-2.03% to 20.24 euros, the biggest drop CAC) provides a slight increase in its profits and maintaining a high dividend in 2011 after posting 2010 earnings in line with expectations, the daily reported Tuesday Les Echos.

Also abused, Steria (-2.45% to 22.30 euros) announced Monday anticipate an acceleration in organic growth in turnover in 2011 against a backdrop of improving the IT services market, but its margin is expected to remain stable compared to 2010 personal loan for poor credit.

However, the next largest increases in market indices in Paris, found Carbone Lorraine (2.35% to 37.40 euros) and Arkema (2.25%).

Remy Cointreau: 1.89% at 49.59 euros specialist wine and spirits Monday soirêtre entered into exclusive negotiations with the EPI group to sell two brands of Champagne Piper-Heidsieck and Charles Heidsieck.

Bureau Veritas (1.66%) issued 2010 earnings on Monday on the increase due to emerging countries and said to anticipate further strong growth in sales and operating profit in 2011.

Ingenico: 1.28% to 27.79 euros The group announced Monday night that he might have to raise its medium-term objectives, set for 2013, on the basis of year 2011 for which he anticipates growth organic turnover and improved margins.

Casino Guichard (+0.76% at 71.52 euros) wants to sell assets for 700 million euros.The group expects an increase in sales of more than 10% annually over the next three years, but shows a 7% drop in net income in 2010 to 550 million euros in 2010 against 591 million euros a year earlier.

Carrefour (+0.80% at 35.86 euros) and the Alliance Boots company announced Monday an agreement of long-term cooperation in the field of cosmetics. Both groups will also explore partnership opportunities in emerging countries in the field of health.

GDF Suez degraded by UBS

GDF Suez, the second largest European utilities in terms of turnover, is studying the possibility of selling its gas distribution network in Italy as part of a transaction that can represent 750 million euros. Value (-0.53%) suffers from a lowering of recommendation from UBS, spent "neutral."

Dried Environment (+0.18% at 66.80 euros) on Monday published 2010 desrésultats up, carried by the treatment and recovery of waste, and it was announced a further increase in current operating profit in 2011.

April Group (-2.10% to 22.42 euros) announced Monday a 9.6% increase in net income in 2010 for increased income from investments and the sale of nonstrategic assets .

Damartex (0.46% to 21.70 euros) announced Monday a Damartex Monday announced an increase of 17.5% in operating profit in the first half of 2010-2011 ended in late December, to 23.4 million euros thanks to improved sales and profit margins.

Predica, a subsidiary of Crédit Agricole Assurances and Land Wall announced Monday it had signed with the Louvre Hotels Group protocol to acquire a portfolio of 33 hotel properties operated under the Campanile.

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The Paris Bourse digested another round results

Thursday, February 17th, 2011

Hesitation waltz at the Paris Bourse. After opening slightly higher, the CAC 40 was down 0.02% to 4150.44 points at the halfway point. Investors try to digest a new wave of publications of results of companies.

Lack of conviction also on other major European markets. At the London Stock Exchange, the FTSE-100 slips 0.01% at 6085.10 points and the Stock Exchange Frankfurt, the Dax rose 0.5% to symbolically 7418.05 points.

Since Thursday, the U.S. macroeconomic news will be especially with the United States: Inflation in January (1430), the weekly claims for unemployment benefits (1430) and the composite indicator of economic activity in January (16 hours).

In France, the number of start-ups fell by 10.2% in January compared to December, with a marked decline in self-creations outside contractors, INSEE said Thursday.Investors will also monitor in the afternoon the balance of payments in the eurozone.

On the foreign exchange market, the euro was stable against the dollar on Thursday. Around 11:30 in Paris, the euro bought 1.3575 dollars against 1.3570 dollars late Wednesday.

On the corporate side, nine companies published on Thursday morning.Reactions to the Paris Bourse are rather positive: six progressed (Capgemini, PPR, TF1, Schneider, BNP Paribas and Eramet) and three decreased (Technip, Axa, Pernod Ricard).

TF1 takes advantage of the recovery in advertising market

Capgemini: + 5.71% to 42.13 euros – the largest increase CAC 40

The consulting group Capgemini and Computer Services posted Thursday a net profit in 2010 increased 57% to 280 million euros forecast for 2011 indicating a growth in turnover of between 9 and 10%.

Alcatel-Lucent: + 1.08% to 3.57 euros

Alcatel-Lucent is confident about its prospects in the U.S. this year, based on significant contracts with major operators in the country, Verizon and Sprint Nextel, told Reuters his director of the Americas.

PPR: + 1.90% to 115.35 euros

PPR has reported an annual net profit up 1.4% to 965 million euros, while its turnover in 2010 rose 7.5% to 14.6 billion euros. The distribution group and luxury is confident to achieve this year's financial performance than those of 2010.

TF1: + 2.95% to 14.81 euros

TF1 double its annual net profit to 229 million euros thanks to the upturn in the advertising market. The group chaired by Nonce Paolini expects a stagnation in sales 2011, after it rose 11% in 2010.

Schneider: + 2.56% to 118 euros

Schneider Electric has published on Thursday a net profit doubled in 2010 to 1.7 billion euros.The group targets a growth of 6 to 9% this year, a margin which improved to reach 15 to 15 No teletrack payday loans.5% in 2011.

Lagardère: + 0.98% to 33.40 euros

Canal + France said it had registered Wednesday its core document with the AMF, to an IPO in Paris on 20% of its capital owned by the Lagardere group.

Eramet: -3% to 268.35 euros

The mining group has annual net profit of 328 million euros against a loss of 265 million in 2009 thanks to growth in emerging markets and strong sales growth in the fourth quarter, "he said Thursday.

BNP Paribas missed market expectations in the fourth quarter

Pernod Ricard: -3.78% to 67.96 euros – the largest drop CAC 40

The wine and spirits group Pernod Ricard said Thursday net results in increase in the first half of its fiscal year offset.

Axa: -2.01% to 15.66 euros

The insurer Axa in 2010 recorded a net profit of 2.749 billion euros, down 24%, affected by special items related to divestitures in the United Kingdom, according to a statement released Thursday.

Technip: + 2.11% to 74.44 euros

Technip table for this year on a turnover of about 6.5 to 6.7 billion euros and an operating margin Subsea (subsea infrastructure) above 15%.

BNP Paribas: -0.61% to 58.614 euros

2010 net earnings of the banking group was up by 34% to 7.8 billion euros.However, BNP Paribas has missed market expectations in the fourth quarter, after a depreciation in its accounts unexpectedly on its stake in Axa.The number one European bank in its wake other banks: Credit Agricole, which publishes Thursday – yields 0.98% to 12.09 euros and Natixis – which reports Friday, February 25 – was down 0.50% to 4 , 14 euros.

Societe Generale said Wednesday that profit climbed above expectations of 0.23% to 51.236 euros

Alstom: -0.29% to 42.88 euros

The European Railway Agency in March will make its technical opinion on the circulation of new types of trains through the Channel Tunnel, which will build review the Franco-britaninque responsible for settling the case, said Wednesday Thierry Mariani.

Scor: + 0.19% to 20.94 euros

Scor announced Wednesday the sale of its fixed annuity in the United States to Athene Holding for 55 million dollars (40 million).

Saft: -0.62% to 27.84 euros

Saft has announced an acceleration of its business in 2011 but a slight margin decline due to one of its plant projects in the United States.

Icade: -1.35% to 80.95 euros

Icade intends to continue the service sector of its activities with delivery over the next several years of its pipeline projects valued at 900 million euros.

After market, Eutelsat will publish its first half results.

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500 million euros more for employment

Saturday, February 12th, 2011

Nicolas Sarkozy announced Thursday that the government would generate an additional EUR 500 million in the budget for the job to fight against the long-term unemployment and promote early learning. "We will mobilize all our forces" for the job, said the head of state. "Growth has returned, the signs are encouraging, it'll work." Guest on the program "French Song" on TF1, the president said the new investment would be offset by savings in other departmental budgets.

Nicolas Sarkozy, who announced a year ago, during the same fiscal response to the French on TF1, "unemployment would fall in the months to come," was in a difficult position this Thursday evening when the situation is far from s be improved on the unemployment front in France.Although 2010 has been less dramatic than the 2009 balance sheet remains very negative.

Employment "at the heart of the priorities" of government

The hexagon returns to levels not seen since more than ten years: 31 December, there were between 2.72 and 4.05 million unemployed by their category. Be between 80,100 and 202,500 job seekers from a year earlier, however, increases 2-5 times lower than in registred in 2009.

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Wall Street could be disappointed by the U.S. GDP

Saturday, January 29th, 2011

Speed astern for U.S. equity markets. The indices are clearly stalled after the TV overseas, including financial, broadcast live images of demonstrations in Egypt. "This aversion to risk due to escalation in Egypt, and fears that the situation could spread to other countries in the region," said Peter Cardillo, Avalon Partners.

At the close, the Dow Jones lost 1.38% to 11,823.80 points, the S & P 500 1276.36 1.78% to loose points and the Nasdaq dropped 2.47% to 2687.09 points.

As a result, oil prices leapt more than 4% in New York at 89.34 dollars.

USA: disappointing growth, consumer sentiment up

On the macroeconomic front, investors first learned of the first estimate of U.S. GDP in the fourth quarter.The U.S. economy grew by 3.2% in the fourth quarter, much lower than expected, but this increase was sufficient to allow the U.S. GDP of 2.9% gain in 2010 and thus fill its losses the crisis, according to official figures published Friday.

And yet the U.S. consumer morale has improved end of January compared to the beginning of the month, hopes for improvement in terms of growth and employment eclipsing concerns about rising costs of food and gasoline, according to the confidence index released Friday by Reuters / University of Michigan. The index finally settled at 74.2 for the month of January, against an initial estimate 72.7 and 74.5 in December.Economists were expecting a index to 73.2.

On the currency side, the dollar regained ground against the euro by mid-afternoon in Paris, the single currency was trading at 1.3688 dollar.

Ford stock drops

Corporate side, the ball of results announcements of fourth quarter continues, including Chevron Corp. and Ford Motor Co and Honeywell.

Ford: -13.47% to 16.26 dollars

Ford just announced a 2010 profit more than doubled to 6.6 billion. But earnings per share fourth quarter was $ 0.05 against 0.25 a year ago due to a charge of $ 960 million related to the completion of a conversion of debt. The turnover of the 4th quarter reached $ 32.5 billion.The consensus was $ 0.48 for earnings per share and 30.39 billion dollars.

Honeywell International: -1.16% to 55.27 dollars

Honeywell International announced, meanwhile, increased its profits for the fourth quarter of 2010 and raised its forecast for 2011 due to higher demand for products produced by all its units. The industrial group posted a net profit of 369 million over the period, or $ 0 pay day loans.47 per share, against 150 million ($ 0.20 per share) a year ago. Honeywell raised its forecast of 10 cents earnings per share for 2011, now seen in the range 3.60 to $ 3.80.

Chevron: -1.45% to 93.38 dollars

As for Chevron, the group recorded a 81% increase in earnings in 2010 to 19.1 billion.

Amazon.com: -7.22% to 171.14 dollars

The e-commerce giant Amazon.com for its part should be very guarded on Friday, after posting yesterday after market close, the results showing strong sales but margins disappointing. All indicators are green on the year-end sales on the Internet and the action of the group posted an increase of 50% yoy and 4% on the previous day, before the publication of results that the have reduced by 9.4% in electronic trading after closing. The group announced a profit of $ 416 million, or 91 cents per share against 384 million last year. Sales are up 36% to 12.95 billion dollars. That's their strongest growth since 2000.

Microsoft: -3.88% to 27.75 dollars

Microsoft surprised everyone involved on Thursday night, unveiling its results 15 minutes before the close of Wall Street.Results marked by the success of Office 2010 and KINECTS, but disappointing sales of Windows 7. This gives the arrival of mixed results. Profits are down 5% to 6.63 billion, or 77 cents per share against 68 cents expected. Turnover was up 5% at $ 19.95 billion against $ 19.2 billion expected by analysts.

Sara Lee: -2.61% to 17.18 dollars

On the other hand, the American group of FMCG Sara Leevi clarify this Friday's market strategy, after having rejected, according to press reports, two tender offers. Sara Lee has invited investors and journalists to participate in a conference call at 15:00 Paris time.Inform the direction of its "strategic initiatives" and its outlook for the year end.

In addition, LinkedIn, the social network for professionals, announced Thursday his intention to go public in 2011, an operation that should measure the appetite of investors for a possible listing on Facebook. This is the first social network to enter the stock market and on Wall Street. But the market is expected to mainly derive an omen for Facebook, the world leader in the industry, whose value is estimated at 50 billion dollars (36.5 billion euros), and other websites may make their entry offering, or as Zynga Groupon.

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