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After a meeting on Tuesday closed at equilibrium, the rings on Wednesday renewed optimism substantial. Around noon, the Cac 40 displayed up 1.38% at 3662.5 points. The good mood is widespread in Europe, including the London Stock Exchange gaining 1.12% at 5168.1 points, the Frankfurt amount of 1.5% to 5579 points, and Milan climbing 2.54% to 21,346 points.

The prospect of a European plan to help Greece gives investors reason to smile again. Certainly at this stage, "there is no agreement," said a French source on the eve of the Brussels European Council must take a position on the budgetary situation of Athens.

But it is More than a single nation euro zone to avoid giving the green light for the backup plan. Germany, but could make his signature Thursday.

Long live economic news

On the macroeconomic front, industrial production in France fell by 0.1% in January compared to December, while in November it had gained 0.6%, according to figures published by INSEE. For Frédérique Cerisier, economist at BNP Paribas, "the sharp drop in production of transport equipment (-4.7%) reflects not only the decline in automobile production (-2.1%) but also the aviation branch , naval and railway (-7.9%).After the strong rebound in the third quarter, this pause in the recovery of the activity does not mean that recovery is terminated, but it will be gradual and probably struck, she said.

Furthermore, the current account deficit narrowed in France in 2009 to 40.6 billion euros after 44 billion in 2008, thanks to lower energy costs, said Wednesday the Bank of France (BdF) .

Finally, the United States, the trade figures for December are expected on Wednesday afternoon, and the weekly inventory of crude oil and after-hours trade, the figures of budget execution in January. Governor Daniel Tarullo be heard before the Senate Banking Committee on systemic risks.After Hours, president of the Philadelphia Fed will discuss "Lessons from the global financial crisis."

Bad publications are ignored

The publications were many on Tuesday, and just generally reassuring. But the market is not so far achieved.

Arcelor-Mittal (-5.28% to 27.1 euros) recorded a net profit of 118 million dollars for 2009 and 1.07 billion for the fourth quarter cash advance . The metallurgist is the red lantern index in Paris.

PSA Peugeot Citroen (-1.97% to 21.87 euros, 2nd largest drop) announced Wednesday a net loss of 1.161 billion euros in 2009 against a net loss of 363 million a year ago, for a turnover 'sales down 10.9% to 48.417 billion euros.Natixis welcomes performance Faurecia and Gefco, but is very Decca automobile.

Sanofi Aventis (1.03% to 53.2 euros) recorded an adjusted net income of 7.8 billion euros in 2009 up 11%.

According to Le Monde, Renault (+0.27% to 33.4 euros) to consider building a plant near Algiers, which produce 50,000 vehicles annually for the local market.

Nexans (-0.86% to 55.32 euros) worldwide leader in the cable industry, has seen its annual profits collapse at 8 million euros, mainly due to restructuring and divestitures of businesses by group, and remains cautious for 2010.

EDF Energies Nouvelles (+4.82% at 35.85 euros) announced Tuesday a net annual increase of 39% and EBITDA up 47%.Gilbert Dupont went to purchase.

Apart from publications, the bank stand on the CAC 40, including Crédit Agricole, headlining, up 4.66%, to 10.85 euros. Axa rises of 4.13% and Societe Generale is 4.41%.

CAC Hors, Havas (6.71% to 3.08 euros, head of the SBF 120) on Tuesday posted a turnover decrease of 4.4% on an organic basis in Q4 2009, to 1441 million 'euros. Unrealized net budgets amounted to 1,270 million euros in 2009. The group has been identified by Goldman Sachs and Nomura.

Medica (+7.92% at 14.03 euros) announces that its IPO was a "success".The French and international institutional, meanwhile, have subscribed for about three times the size of the offer.

Theolia (6.25% to 3.23 euro) has published a turnover increased almost five in 2009 due to the resumption of sales of wind farms by the group.

Ubisoft (-1.72% to 9.66 euros) said Tuesday night "expects to return to profitable growth and a cash from operating activities positive" for the year 2010-11.

Vinci (+1.17% at 38.43 euros) on Tuesday announced acquistion of 89 contracts for parking company Interpark the United States through its U.S. subsidiary LAZ Parking.

Vilmorin (+1.29% at 79.86 euros) issued a turnover up 2.7% in the first half of 2009-2010 and has announced a joint venture in wheat seed in Argentina.

If only Mickey and friends could all give a little magic wand on sales of Euro Disney! The site operator of Disneyland Resort Paris announced on Tuesday a drop in attendance at its parks by the end of the year: -10.5% in the first quarter of 2009-2010 ended in late December.

Result, the group reported a turnover period of 292 million euros against 326.4 million euros over the last three months of last year. The average expenditure of visitors, however, is stable, thanks to its pricing and promotional strategies.

"The decline in attendance at theme parks reflects a decrease in the number of English and French visitors," explains Philippe Gas, the president of Euro Disney."In the first quarter of fiscal 2009, the economic crisis had not yet fully impacted our revenues, mainly because visitors reserved well in advance of the dates of their visit," says the boss, stressing further that "now visitors reserve later while seeking promotions.

The group, which does not provide a quantitative forecast for 2010 indicates that it plans to launch three new attractions this summer, inspired by the movie Toy Story, Disney-Pixar. The group says the activity will take color "when the economic environment will give signs of improvement."

Title Euro Disney operates in negative terrain on Tuesday, down from 2.74% to 4.6 euros, about 11 hours, giving a market capitalization of just under 180 million euros.

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The Paris Bourse started the week in the green, having closed sharply lower Friday. The Cac 40 was opened on Monday, up 0.42% to 3971.17 points.

This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.

No macroeconomic statistics that could reverse the trend is expected.

Renault under the microscope

As for values to follow, Renault is expected to turn.Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. The reaction of Peugeot will also be expected.

According to the British press, GDF SUEZ is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.

Louis Welsh, CEO of EADS Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.

Air France KLM would react Exchange after publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which includes Air France-KLM.

According to the Tribune, Axa interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.

Accor CEO Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.

The luxury goods group Compagnie Financiere Richemont announced Monday before market turnover exceeds expectations in the third quarter of 2009/2010. The latter rose 2% to 1.585 billion euros, while analysts expected a decline. For the current year, Richemont gave no forecast

Aeroports de Paris (ADP) after market must publish its traffic for the month of December.

Casino has been in trouble in Venezuela. Venezuelan President Hugo Chavez on Sunday ordered into effect the expropriation of the hypermarket chain Exito, a subsidiary of Casino, accusing him of having increased its prices so speculative.

At 18h, Casino and Mercialys publish their figures for the fourth quarter while Soitec unveil his own in the third quarter.

Large centralized operation for Societe Generale. According to the words of a spokesman for the bank in the Daily Tribune, the establishment has decided to bring all its toxic assets to Paris while some are now scattered in New York, London or Sydney. These illiquid assets, that is to say, for which there is no market, have a book value of 35 billion euros, excluding derivatives. Goal by this spokesperson: "reduce our operational risk. In exchange, the new investor enthusiasm. The Societe Generale is under 1.31% to 51.98 euros, 30 minutes after the opening of the meeting.

The operation should be done in two phases. Firstly, the activities of the subsidiary Inter European Council (IEC) will be transferred to another structure, Génébanque, by the end of March. Then, IEC will get all the toxic assets and manage their entire management.The operation could extend until late July or late October. The aim is also tax since the maneuver will allow Societe Generale to reduce its taxable profits the losses associated with these toxic assets in France.

This process of centralization must still be submitted to central works January 14 next.

No rest for the CAC 40. The latter has just enrolled in early trading Monday to its highest level in 2009, three days before his last meeting of the year. The flagship index of the Paris Bourse is indeed 0.7% to 3940 points 20 minutes after opening. For its part, the Frankfurt Stock Exchange broke the 6,000 points.

Optimism seems to be placed on international markets. In Asia, indices were equally oriented, taking advantage of such remarks by the Chinese premier, who has called for further fiscal stimulus in his country.

The British markets will be closed at the Boxing Day. No indicator is expected today, neither Europe nor the United States.

Values follow

EDF is 0.86%, GDF Suez wins 1.58%, Areva lost 1.92%, and Total is 0.78%.This is the South Korean consortium has won the contract for 40 billion dollars in the UAE for the construction and operation of four nuclear reactors. The French consortium comprising the four energy groups, one given time favorite is defeated.

Societe Generale is 0.52%. The group could have a new shareholder in the person of the Russian businessman Vladimir Potanin. The shareholder of Norilsk Nickel said Friday it was considering the possibility of taking a minority stake after 2010.

After hopes for a judicial epilogue is a cold shower for Jean-Marie Messier. Ten months after the Paris prosecutor's office requested a non-place overall in the Vivendi case, the examining magistrate Jean-Marie d'Huy decided to return to court Correctional seven people who were prosecuted in this case open in 2002 after the collapse of the group.

The judge accepted the facts of disseminating false or misleading information, price manipulation and abuse of social goods. In its order dated October 16, Le Figaro that could see the judge details the events of the years 2000 to 2002 charges against the former CEO.His trial before the correctional court of Paris could take a year to return in 2010.

"The false or misleading"

The skipper featured 2000s is accused of spreading in the public false or misleading information on the outlook for Vivendi Universal SA. In particular, singled out his triumphal statements on the group's treasury in the first half of 2001 while the finances of the media industry were already in the red.During the period immediately following the attacks of September 11, 2001 and the collapse of stock markets, it is also criticized the CEO for having manipulated the market price of Vivendi, the group has purchased in the market for more than one billion euros, including during periods when a company can not do transaction on its own securities.

Finally, in terms of abuse of corporate assets, the judge considers that Jean-Marie Messier has been granted to his personal benefit without prior approval of the board of directors, an agreement of termination (a parachute Golden, Ed) composed of benefits clearly excessive in relation to the situation at this time of Vivendi Universal.J2M had, following his departure in July 2002, received a driver of health coverage for five years and, according to the order of referral to the criminal court, a sum of 18 600 000 …

This charge is vehemently denied by the lawyer Jean-Marie Messier who said that his client, after an arbitration in New York, has waived this golden parachute. Me Olivier Metzner said most inconsistent "in that reference Corrections while the floor was estimated that the charges were insufficiently characterized.

In its referral decision, Judge d'Huy also aims for insider trading in Canadian businessman Edgar Bronfman Jr., heir to the Seagram empire, which had merged with Vivendi in 2001.Also referred to the court the former CFO of Vivendi Universal (VU), Guillaume Hannezo, former CEO of VU, Eric Licoys, Hubert Dupont Lhotelain, former treasurer of the group, Francois Blondet, a former assistant treasurer, and a former banker Philippe Guez.

In a statement Thursday evening, Vivendi has recalled its plaintiffs in this procedure from October 2002 and has fully cooperated with law enforcement authorities from the outset. The former group executives, J2M head, face sentences of up to five years in prison and huge fines.

Another trial in New York

The referral of Corrections Jean-Marie Messier comes in the middle of the trial, civil one, taking place right now in New York.Shareholders who feel cheated by Vivendi between 2000 and 2002 have filed a class action procedure called. They continue, in order to obtain compen-sation, both Jean-Marie Messier and Vivendi. The current leadership of the French group finds herself simultaneously accused of heading overseas, and plaintiff in France. Collusion schedules of the two procedures did not facilitate the task. In New York, the chairman of the supervisory board of Vivendi, Jean-Rene Fourtou said, October 14th last: "I have not watched any of the past. As I have not tried, I have found no irregularities, "he said, adding that" no one has reported having discovered something "since his appointment.

Another complexity of the case: the U.S. class action will be partly in Paris.Vivendi has asked the French courts to prohibit both shareholders and the French Association for the defense of minority shareholders to join the U.S. procedure. Answer November 25. If the Tribunal de Grande Instance de Paris ruled in the group, it will reduce significantly the amount he could pay if found guilty by the Americans. Y. The G.