Neither starting rumors or Gaddafi talks of OPEC members (Organization of Petroleum Producing Countries) about a possible increase in production of black gold in the coming weeks have managed to fall fever markets.
After rising to 106.95 dollar Monday, its highest level since September 2008 and have lost up to $ 2 in Asia on the morning of Tuesday, a barrel of light crude was trading at 105.57 U.S. dollars the New York Mercantile Exchange, up 13 cents from the previous day.
A game of yo-yo that translates queries from operators, who do not know whether to believe or not the producing countries.Saudi Arabia, which said it could increase production by 700,000 barrels a day, finds that the offer is "very appropriate" market needs while Kuwait, the UAE and Nigeria to make talk 300,000 barrels / day extra.
These production increases are intended to compensate the Libyan supplies, which fell from 1.6 million to a million barrels per day since the crisis began. But for now, no member of OPEC does not speak officially for exceeding the quotas. "We are in consultation," merely states the Kuwaiti oil minister.
The representative of Iran, a country which chairs the cartel, however threw a famous cold snap in asserting that consumer fears are "psychological." He believes, like Qatar, inventories and production are "at an acceptable level."
For their part, the United States do nothing to calm things down when the Secretary General of the White House is suggesting, as he did last Sunday, it was conceivable that the country draws its strategic reserves. "There is no supply problem and would be a mistake" to do so, he has indirectly responded Tuesday CEO of Total, Christophe de Margerie, in Houston.
Inflationary pressures
But the business community fear that the violence in Libya and the Arab world will undermine the tentative economic recovery. "The picture is now darker for growth. We had long been considered a significant rise in oil prices in our forecasts, but their rapid and continuous gains begin to put us ill at ease, "recognize the analysts at Goldman Sachs.
They also fear a "day of anger" in Friday in Saudi Arabia that could lead to new unrest.
But they are aware that soaring crude prices, which rose from $ 86 to over 105 dollars in three weeks on the U.S. markets, is not unique in the Middle East. It also results from increased demand from large countries with strong growth such as China and India.
One more reason for the International Monetary Fund (IMF) has, after the European Central Bank, sounded the alarm about the increased risks of overheating in emerging markets. Rising oil prices there is indeed aggravate inflationary pressures.
The annual results published by Vivendi, one of the last CAC 40 groups to engage in exercise, are consistent with the general trend: in good order. If the results of group communication and media are in line with expectations, Jean-Bernard Levy, chief executive, said in the statement of the group, refer to "slight growth in profits in 2011" as well as maintaining a cash dividend at a level higher than 1.40 euro. In an interview with Les Echos this morning, the officer reiterated that the group also aims to buy out minority shareholders of SFR and Canal + France "if the conditions are reasonably priced."
In 2010, the group announced a net profit up 4.4% to 2.7 billion euros, a figure in line with analysts' expectations.And net income group share, that is to say, after deducting the portion that belongs to shareholders of subsidiaries whose third group does not hold the entire capital, settled him at 2.2 billion euros , against 830 million euros in 2009, an increase of 164.8%. EBIT is also in line with analysts' forecasts of 5.7 billion euros following an increase of 6.2%.
The turnover is slightly higher than expected it: up 6.4% to 28.9 billion euros against 28.6 expected on average by specialists. Vivendi said that the increase in sales was particularly supported by the release of new video game "Call of Duty." The group added that "all professions have achieved their objectives."
Vivendi adjusts its reserves
The group also reduced from 100 million euros, 450 million against 550 million previously, the provision recorded in its accounts under the partnership proceedings initiated against the United States. An adjustment is made after the decision of a federal court to exclude the compensation procedure of the group's shareholders who acquired their shares on the Paris Bourse. Vivendi had announced he would be able to make "a significant readjustment allowance" in its 2010 accounts as a result of this ruling.
The U.S. economy has not ended the year 2010 as well as expected. Growth was posted at 3.2% in the fourth quarter, according to preliminary official figures released Friday. The recovery of activity accelerated after a rise of 2.6% in the third quarter. But analysts were disappointed: they had forecast 3.5% growth.
Restarting the United States after the worst crisis since the 30s, however, is confirmed. The world's largest economy may ultimately show growth of 2.9% over the whole of 2010, after a decline in activity of 2.6% in 2009.
Changing engines
Details of the growth of the last three months of 2010 give reason to rejoice. Finite growth boosted by the recovery in business inventories, the effect necessarily temporary. Consumption and investment have taken over both rising by 4.4%.Above all, the actual sales to individuals jumped 7.1%, economists welcome Societe Generale, after a tentative 0.9% the previous quarter.
Moreover, "the 21.6% increase in sales of durable goods (such as automotive, Ed) betrays the return of U credit reports free.S. confidence in recovery, despite a high unemployment rate," Inna decrypts Mufteeva, economist at Natixis . Indicating a shy thinning on the property market, residential investment also stopped its fall (-27.3% in the third quarter) with a rebound of 3.4%.
State spending sluggish
Pleasant surprise also, international trade has recorded its largest contribution to growth since 1980 (+3.8 percentage points). Explanation: exports rose by 8.5% over the period while imports fell by 13.6%.In contrast, government spending, almost sluggish (+0.2%) and the end of the replenishment of stocks by companies, have dampened activity.
"The acceleration of growth in the fourth quarter and its new membership offer hope of a more sustainable economic recovery in 2011, enough to reduce unemployment, trusts Chris Williamson, chief economist at Markit. "The United States this year will be one of the most dynamic economies of developed countries."
In a statement issued following an interministerial meeting on the situation in Tunisia, the Elysee said he had "taken steps to ensure that suspicious financial transactions involving assets in France are blocked Tunisian administratively under the law" .
Paris "is available to the constitutional authorities to respond promptly to any request on Tunisian assets in France," the statement said the French presidency.The statement did not explicitly cite the case of ousted President Zine El Abidine Ben Ali, but it's him and other members of his clan who seem concerned.
A U.S. diplomatic telegram released by Wikileaks published by the daily Le Monde calls a "mafia" family of former president and said that corruption exists at the highest level of government with bribes, kickbacks, expropriation, robberies, extortion …
Appellant also "to calm and end the violence, France has also requested" the organization of free elections as soon as possible "in Tunisia, claiming to be ready to" respond to any request for assistance to the democratic process is conducted in the most compelling ".
Recalling the principle of "non-interference in internal affairs of a sovereign state," Paris said at last bring a "strong support" to the Tunisian people in its "commitment to democracy."
(With AP)
After an opening in the red, the CAC 40 was trying to go up to reflect a balance in the middle of the day, but the announcement of U.S. employment figures worse than expected, the index has stumbled. To 15 hours, it folds and from 0.68% to 3877.71 points.
The U.S. economy has created many jobs well below expectations in December, but the unemployment rate has dropped to its lowest level in over a year and a half to 9.4%. Last month, 103,000 non-farm jobs were created, according to the U.S. Department of Labor. Economists and analysts polled by Reuters had forecast on average 175,000 new jobs.
Elsewhere in Europe, the effect is less strong.At the London Stock Exchange, the FTSE-100 fell by 0.46% to 5,991.53 points and Frankfurt Stock Exchange, the Dax not loose more than 0.15% to 6970.78 points.
On Thursday, the CAC 40 has canceled its gain of over 1% at mid-session, after the weekly claims for unemployment benefits rose in the United States.
U.S. employment and unemployment, European unemployment and GDP
On the macroeconomic front, after a miserly start of the week in news, the meeting will be hosted by a number of indicators.
In France, the trade deficit rose in November to 3.869 billion euros against 3.712 billion the previous month. Are also expected economic forecast by INSEE for France in the first quarter 2011 (at 16 hours).
In the euro area, economic growth slowed more than expected in the third quarter of 2010 to 0.3% (against 0.4% previously announced).The unemployment rate, meanwhile, remained stable at 10.1% in November.
United States, the consumer credit will be announced in 20 hours.
On the currency markets, the euro remains below $ 1.30. To 15 hours in Paris, the euro bought 1.2985 dollars against 1.3006 dollars on the previous evening.
Record deliveries for Airbus
Against this backdrop of feverish, bank stocks are in decline: Societe Generale lost 1.26% to 41.61 euros, BNP Paribas 1.44% cowardly to EUR 49.12, Credit Agricole dropped 1.14% to 9.787 Natixis Euro yields 1.04% to 3.63 euros.
Renault: + 1.22% to 47.39 euros
In the case of industrial espionage affects Renault, the automaker suspect a Chinese actor, according to information from Figaro economy.For his part, Peugeot advance of 1% to 31.30 euros.
GDF Suez: -1.14% to 27.20 euros
A spokesman for GDF Suez confirmed to AFP Thursday an information website of the magazine Challenges, that the group will abandon stock options.The device should be replaced by performance-related bonus shares in the group.
Hermes: + 4.42% to 161.90 euros, LVMH: -1.41% to 120.28 euros
In the case of Hermes / LVMH, the AMF authorizes the Hermes family not to launch takeover bid for the entire group.
EADS: + 0.42% to 19.16 euros
Airbus (EADS) achieved record shipments in 2010: more than 500 aircraft delivered to airlines Boeing 462 to cons.
Sanofi-Aventis: -0.69% to 49.93 euros
Sanofi-Aventis has announced the appointment, effective February 1, new leaders in emerging markets where the pharmaceutical company wants to strengthen.Patrick Aghanian will be responsible for the Eurasia region, Thomas Kelly of Asia, Heraldo Marchezini of Latin America and Jeremy Moulding of Japan and Pacific area.
Casino-Guichard: -0.16% to 72.77 euros
Casino Guichard now holds 99.6% shareholding in its subsidiary e-commerce Cdiscount.
Schneider Electric: + 0.04% to 114.35 euros
Schneider Electric has signed an agreement to acquire majority shares of APW Président Systems Limited, an Indian manufacturer of enclosures for the telecom and information technology.
Saint-Gobain: + 0.37% to 38.33 euros
The Dutch competition authority said it had fined 17.7 million dollars to several companies, accused of having formed a cartel in the glass, among which is the local subsidiary of Saint-Gobain.
Bourbon: -0.18% to 35.45 euros
Bourbon announced Thursday its decision to separate the roles of Chairman of the Board and Director General from 1 January 2011.Jacques de Chateauvieux therefore yield the reins of the operation to Christian Lefevre.
Axa: -0.48% to 13.44 euros
Axa Private Equity, the private equity subsidiary of Axa, is in exclusive talks with Bain Capital to acquire the French chemicals group Novacap according Agefi.
Dexia: -0.78% to 2.68 euros
Dexia has initiated the process of selling Deniz Emeklilik, its life insurance subsidiary in Turkey, according to Les Echos.
Arcelor Mittal: -1.61% to 27.11 euros
ArcelorMittal called Thursday evening to shareholders of Canadian Baffinland Iron Mines to accept its offer of 550 million Canadian dollars, considering it superior to that of Iron Ore Nunavut.
Thales: + 0.30% to 26.66 euros
Canada has expressed a "strong interest" for the purchase of two vessels Mistral class manufacturer of DCNS, Thales which holds 25%, according to La Tribune.
Remy Cointreau: + 4.14% to 55.30 euros
Goldman Sachs added Remy Cointreau to its list of preferred values and raised its recommendation from "buy," cons "neutral" before.
For one last time before the scrapping has boosted consumption. In November, households spent 2.8% more in manufactured goods, after falling 0.6% in October, according to Insee. The boom in car sales, with 14.9%, pulled the index from the Institute of Statistics for the month.
"Beyond the positive effects of scrapping set up by the government on car purchases, all items of consumption of manufactured goods have increased significantly in November, held to highlight the Minister of Economy Christine Lagarde. Textiles and leather rose 2.9%, probably enjoying the weather rigorous. Purchases of equipment housing also rose (+0.4%).
Despite the optimism of Bercy, which expects a recovery in consumption, the start of January looks bleak on the trade front.More than one in three households (35%, 7 points higher than in the previous barometer) is planning to spend less in the coming months for food and clothing, according to a poll conducted for BPCE ViaVoice *, France Info and Les Echos published Thursday. They are only 9% plan to spend more and the rest of the population does not intend to waive the rules of parsimony introduced in 2010.
On higher expenses, the prospects for buying real estate is still very low: 3% of respondents planning to invest in the stone payday advance lenders. However, the prospects of acquiring cars increased slightly (7%, +2 points) to a few days to stop scrapping laprime and environmental bonus.
In total, the total fertility rate of spending intentions of the French lost 17 points compared to last month.
Low morale
A relative majority of French people (42%) still expects a decline in purchasing power, and this proportion is increasing compared to last month (+3). They are only 13% to bet on a rise in their purchasing power.
In a second aspect, the study focuses on Christmas gifts and notes that the French are shared between termination of a consumerist frenzy and caring towards one part relational authenticity. On purchases (frantic) Christmas, youth aged 18-24 believe overwhelmingly (63%) which was due to make as many gifts.In contrast, seniors (65 and over) believe overwhelmingly (59%) that we should do less of gifts.
* This survey was conducted on December 16 and 17 by telephone on a sample of 1005 people, according to the quota method.
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The Minister of Industry, Eric Besson, decided Tuesday to grant two French SMEs and MP AXON'CABLE hygiene aids reindustrialization. The first will receive a budget of 2.2 million euros. The second, in which the Strategic Investment Fund (ISF) has taken a stake to 3.25 million euros, will receive 4.2 million euros. This decision brings to three the number of French companies have received assistance to re-industrialization, sometimes also known as relocation assistance.
It is one of twenty-three measures announced on March 4 by the President to give new impetus to the industry as a result of extensive consultation within the States-General of Industry. "France must keep its factories," says that day Nicolas Sarkozy during a visit to Eurocopter, the helicopter manufacturer.The objective is to increase industrial production by 25% by 2015 compared to 2009 and "sustain" the employment. Over 500,000 manufacturing jobs have disappeared since 2000. According to the Treasury, France lost more than 2 million jobs in the industry since 1980.
Implementation on July 8, using the re-industrialization has a budget of 200 million euros over three years. This measure is aimed at SMEs and enterprises employing fewer than 5,000 people. The company must invest at least EUR 5 million and create 25 jobs over three years to receive it. Dozens of companies have filed cases to the Inter-Ministerial Commission for Assistance to the location of activities (Cialis), which examines their applications. "The goal is not quantity but quality. We must avoid bounty hunters do not receive a windfall. Applications are processed within three months, "says an expert.
Revitalization territories
The profile of companies selected demonstrates the State's requirements. French leader in high-tech wiring, AXON'CABLE, led by Joseph Puzo, is expanding its plant in Montmirail (Marne) and built two new clean rooms for production of cables for medical and aerospace markets. Supported by OSEO-owned bank, the company employs 1,600 employees including 600 in France, is expected this year 90 million euros of turnover. It will create 50 jobs.
Manufacturer of towels for both hospitals and businesses, P. Health, which seeks 42 million euros in turnover in 2010 and employs 62 employees, will invest in a factory producing paper rolls. This will enable it to no longer depend on an Italian supplier."The State agencies were also sensitive to the interest of this project for the Department of Ardeche has experienced significant job losses in recent years, particularly in the paper. Support for industrial redevelopment, it is also revitalizing industrial areas, "says one expert dossier. The first company to receive this assistance was the foundry Loiselet. She received August 9 a reimbursable advance of 6.4 million euros for having decided to relocate in Dreux (Eure-et-Loir) activities previously located in China and India. Its investment, amounting to 12.4 million euros, is expected to create hundreds of jobs.
The fears expressed by the unions last week were based. The automaker Renault on Tuesday proposed to the representatives of a device starting early retirement under the hardship, in which some 3,000 employees will be eligible for three years, AFP has learned from the management.
The device, presented Tuesday at a meeting on the GPEC (management of jobs and skills) would be open to workers, employees and supervisors of the parent and subsidiary plants in France, aged 58 and early 2011, having completed 15 years of work on a chain or with a permanent disability of 10% or more, said a spokeswoman for Renault.They would go into early retirement, funded by the company until the age of retirement.
According to the CFE-CGC, "at least 95% of those eligible will join, is a strong demand." "The concern is that we did not have the level of hiring in parallel, so for now everything looks like a rundown," said the delegate Gerard Blondel. Early departures could range to 54% in 2011, 24% in 2012 and 23% in 2013, he reported.
Renault has to "manage a sub-activity"
Management may give evidence on recruitment to come at a forthcoming meeting of negotiations on December 7. "Everything is suspended at the industrial level to be announced next February," according to Gerard Blondel.
The CGT, in favor of taking into account the hardship, had expressed concern on Friday proposed hiring consideration.Renault management "said absorbing the redundant between 80 and 90%" with the early retirement plan, had detailed the union. The manufacturer recognizes that it must "manage a sub-activity" but "there is no plan and no layoffs planned departure," said the spokesman Tuesday.
As part of GPEC, Renault has also proposed measures for training, accreditation of prior experience, mobility helped Renault to other sites or to other companies through a suspension of the employment contract for 18 to 24 months.
(AFP)
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It will be less than 100 billion euros. EU finance ministers have welcomed "positive" on Sunday night requesting assistance from Ireland and were willing in principle to give them the benefit of a support plan to rescue its banks in crisis. "I can confirm that the Government has made an application to the European Union and it was accepted," said Irish Prime Minister Brian Cowen in the aftermath.
Earlier in the day, Finance Minister Brian Lenihan, announced that he would recommend to his colleagues to use the bailout of the European Union and the International Monetary Fund. The government met in an extraordinary way Sunday afternoon to finalize a new austerity plan, a condition for obtaining this aid.Ireland had, however, until early last week, rejected the idea of such assistance.
The exact amount of aid has not been set
It was during a conference call meeting that the ministers of the euro area have given their green light in principle to Dublin to benefit from the international level. The amount of aid has not been set at this point. The Belgian Finance Minister Didier Reynders, whose country holds the EU presidency, spoke Sunday night a total volume of "less than 100 billion euros". According to the British daily Financial Times, it will be between 80 and 90 billion.
This assistance will be financed partly by a Mechanism European Finance Facility "- a loan package of up to 60 billion euros in loans guaranteed by the EU budget – by the European Financial Stability – up to 440 billion euros in loans guaranteed by the countries of the eurozone and other European countries outside the euro area who want – and finally by the IMF instant credit reports. This three-part plan to help a country in the euro area financial difficulties had been implemented in the spring following the debt crisis in Greece.
"Social disorder"
Above all, the first step is to organize resistance testing of the institutions concerned, "said Irish Finance Minister. Brian Lenihan said he was confident that the IMF and the EU approves new Irish austerity plan.The government does not however affect the very low corporate tax, as called Paris. The austerity plan designed to save 15 billion over four years, nearly 10% of the total Gross Domestic Product (GDP) in Ireland. The deficit must be reduced by 32% this year (in cash assistance to banks) to 3% in 2014, as required by European rules.
If the government does not touch the corporate tax, it will lower the minimum wage, one of the highest in Europe. It would rammen of 8.65 euros to 7.65 euros an hour. This measure, and the austerity plan as a whole, will cause "social unrest," warned the head of the second industry union TEEU, Eamon Devoy. His organization calls for "civil disobedience". A day of events is planned next Saturday.
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In the wake of the Asian stock markets this Monday morning, the Paris stock exchange should take the path of opening up. For a holiday, the news of French companies on the exchange market, and the side of the macroeconomy in the United States will be rich.
Are expected especially overseas spending and household incomes in October at 14:30, construction spending in September to 16 hours, the ISM index of manufacturing activity for the month of October at 16 hours also.
Friday night, the CAC 40 ended at 3833.5 points and the CAC 40 index futures advancing 0.97% to 3851.5 points. Note however that the volume of trade looks anemic.
Bond of the Chinese manufacturing
Already, China, fell this morning very good numbers on the front of the manufacturing activity.The index HSBC China Manufacturing Purchasing Managers Index (PMI) rose to 54.8% in October against 52.9% in September. What propelled the Stock Exchange of Hong Kong hause nearly 2%.
In Japan, investors have instead learned of new car sales falling 26.7% on the month of October in a rolling year.
On the foreign exchange market, the dollar remains weak on the eve of the opening of a highly anticipated meeting the Monetary Policy Committee of the Fed, which will be held Tuesday and Wednesday.Traders expect further monetary easing measures that would lead to an increase in mass of dollars in circulation, and thus a decrease in the value of the greenback.
To be continued next values
Alstom announced Friday that it would examine all legal avenues available to him after the rejection by the High Court in London of his request for an injunction against the choice of Eurostar trains from rival Siemens. The operator of the Channel Tunnel welcomed the court ruling and found that nothing prevented the signing of the contract now.
EDF has finalized Friday night the sale of its electricity distribution networks in British Chenug Kong in Concita under an agreement announced in July bad credit payday advance.The electrician also told Reuters that a further step was taken Tuesday by the Board on the draft of the future third-generation EPR reactor at Penly (Seine-Maritime).
And Scor Reinsurance Group of America (RGA) are vying for the acquisition of Transamerica Reinsurance, a subsidiary of Dutch insurer Aegon, revealed on Friday close to the matter.
Vivendi seeks to terminate a proceeding by the Brazilian competition regulator about its takeover of local telecommunication GVT group, said on Friday a source close to the situation.
The French television channel Canal + pay remains interested in an acquisition of its Spanish counterpart Digital +, although discussions have not resumed since the collapse of a previous attempt, said its chairman Bertrand Meheut the Financial Times on Monday.
Unibail-Rodamco announced on Friday down 1.8% of its turnover, to 1,177.6 million euros over nine months, after taking into account asset sales completed during the period under the current strategy of commercial real estate specialist.
Veolia, the Cube Infrastructure Fund, sponsored by Natixis, Keolis, a subsidiary of SNCF have expressed interest in the activities of Arriva in Germany, writes the Süddeutsche Zeitung on Saturday, adding that an agreement could come as early November.
Bouygues. President of Cote d'Ivoire Laurent Gbagbo has renegotiated a contract for electricity distribution in 2005 if he wins Sunday's elections, we read in Le Journal du Dimanche. The first round of the Ivorian presidential election began Sunday.
Total and Exxon want to withdraw from the Block 31 project, said Monday the Angolan Oil Minister Jose Botelho de Vasconcelos at a conference on energy.
Wendel hired Friday exclusive negotiations with Ares Life Sciences to sell its 46% stake in the capital of the laboratory Stallergenes. In exchange, Starllergenes dived and Wendel has skyrocketed.