The CAC 40 ended the week above 3900 points, to 3910.42 points exactly, powered during the afternoon of Friday figures on U.S. employment. This Friday, the Paris stock exchange has closed up 2.14%, slightly eroded after the previous day. The sessions Monday, Tuesday and Wednesday were marked by increases comfortable leading the progression of the weekly flagship index +7.3% at Paris, from a closing price last Friday of 3640 points.
The United States has published employment figures less bad than expected. The U.S. economy has destroyed 36,000 jobs in February, according to figures released Friday by the Labor Department. It is far better than economists' forecasts. The unemployment rate held steady at 9.7%. But it remains "inadequate", according to President Obama.At the time of closing in Paris on U.S. exchanges were directed upward, the Dow Jones arrogating 0.8% at 10,531 points.
Moreover, German industry has recorded a surprise jump in orders in January, 4.3%, according to provisional figures published on Friday that far exceeds expectations, thanks to a spectacular increase of 7.1% of domestic orders .
The DAX index of 30 blue chips of the Frankfurt Stock Exchange ended Friday up 1.42% at 5877.36 points against 5795.32 the day before closing. The London Stock Exchange closed higher Friday, the FTSE-100 index of leading values winning 72.60 points, or 1.31% over the closing Thursday at 5599.76 points.
After Market (in 21 hours), the U.S. figures reveal consumer credit.
Veolia Environnement in the single red
Veolia Environnement (-4.26% to 23.94 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%). The titles are the only ACC to be in red.
Still later publications, Areva announced Thursday after the stock market, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The title has been 1.98%, to 352.3 euros. euros.
NicOx reported Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008.The shares gained 1.01% on 5.98, having outperformed the broad trend in recent sessions.
The markets welcomed the gesture of banks
Side of EADS (+1.98% at 15.95 euros), the client countries of the military transport plane A400M and the European industrial group EADS in Berlin on Friday reached agreement on funding for this project has told AFP the French Minister of Defense Herve Morin.
The banking sector remained well oriented on Friday: Societe Generale (+4.83% to 44.95 euros) eventually leads the CAC 40, BNP Paribas (3.67% to 56.78 euros), Credit Agricole (3.19% to 11.66 euros) and Axa (+3.17% to 15.61 eruos) were searched. Following a meeting with Nicolas Sarkozy at the Elysee, the banks have agreed to reserve 96 billion in financing small and very small.
Casino (-0.38% to 60.20 euros) should start in May its pods, modeled on that of Nespresso. In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.
Natixis (0.90% to 3.69%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.
In an interview with the Financial Times, the group's boss, Jean-Bernard Levy, said he was interested in the sale of a mobile frequency by the governor of Brazil. According to analysts, this would require an investment base of over one billion euros.
Red or green? Wall Street has chosen Wednesday. After an opening in the red and a brief stint in the green, the financial markets remain more consistently in negative territory. Wall Street resumes its breath after two good sessions of rising early in the week. Since Monday, the U.S. financial markets seemed to want to permanently turn the page of a January that saw the stock market lost 3.5% in a month. But on Wednesday, the question is back. After returning the balance to 16 hours (0.05%), the Dow Jones loses in mid-session 0.12% at 10,289 points. For its part, the Nasdaq lost 0.03% to 2190 points and the S & P 500 down 0.42% at 1099 points.
The profit taking and caution that accompanies dominate before the publication Friday of the long-awaited report by the U.S. administration on the job in January.For the first time in years, the market expects to see new posts.
Until Friday …
On Wednesday, an hour before the opening, a positive signal was sent in this direction of investigation ADP (Automatic Data Processing). The latter has released its report on employment overseas for the month of January: while economists were expecting the destruction of 30,000 jobs, the survey listing the elimination of 22,000 positions (against 84,000 for the month of December ).
After the ADP survey, investors were awaiting the ISM index on the services sector. It appears to 50.5 in January after he settled at 49.8 in December.This is slightly below the consensus was counting on 51 points but it's still the highest index level since May 2008.
Side currencies, the dollar resumed ground against the euro Wednesday after the European Commission approved the new austerity plan Greek. In mid-session, the single European currency lost 0.42% to 1.3915 dollar.
U.S. crude oil, is stabilizing at 77.51 (+0.31%). The U.S. Agency for Energy Information (EIA) announced Wednesday that gasoline inventories last week fell by 1.3 million barrels and stocks of distillates also fell 1 million barrels free credit score online .In contrast, crude oil inventories jumped 2.3 million barrels.
Pfizer leaden atmosphere
Pfizer reported a 34% increase in sales to 16.54 billion dollars, half a billion dollars more than the consensus in the fourth quarter. However, net income disappoints. The latter has tripled to 767 million, or 10 cents per share, or 49 cents excluding items against a consensus of 50 cents. In exchange, the title derives indices down: -2.26% to 18.63 dollars.
Time Warner (-1.61% to 28.05 dollars) achieved results above expectations in the fourth quarter thanks to strong performance from its film division and cable channels. The media group has made a net profit of 627 million, or 53 cents per share, compared with a loss of 16 billion dollars, 13.41 dollars, a year earlier.
Comcast (-1.47% to 16.05 dollars) has released results above expectations in the fourth quarter thanks to the development of its Internet operations. Net income for the cable operator amounted to 955 million, or 33 cents per share, compared with $ 412 million, or 14 cents per share, a year earlier.
News Corp. unveiled Tuesday a net profit of 254 million, or 10 cents per share, compared with a net loss of $ 6.4 billion, or $ 2.45 per share, a year earlier. The news is very welcome Stock Exchange: title rises from 7.65% to 13.66 dollars.
Bank of America (+0.26% to 15.64 dollars) would have endorsed the granting of over $ 4 billion to pay its bankers and traders under the year 2009, according to sources in the Wall Street Journal. They receive on average between 300 and 500 000 dollars bonus.These fees represent 19% of 23 billion dollars of revenue that the U.S. bank has reached its activities in investment banking and trading, the newspaper said.
It's going to Crédit Agricole evil SA! After conceding 4.59% Thursday as the bank lost 4.73% shortly after mid-session at 12.295 euros, or one of its lowest levels since three months, and signs for the second consecutive time the highest CAC 40 down and even the entire industry in Europe.
Like BNP Paribas (0.44%) and Societe Generale (0.57%), the entire banking sector is undergoing suffering. But the fall is more brutal for Crédit Agricole. "The strengthening of prudential bank by the Basel Committee" penalizes "greater mutual banks," said Vincent Ganne, strategist IG Markets. He added: "The capital of these banks (mutual) is composed of common shares and ITC (cooperative investment certificates).As stated Vincent Ganne, the Basel Committee intends to require banks that shares are the dominant form of their own funds. However, Credit Agricole has over ICC BNP Paribas or Societe Generale. According to the strategist, Crédit Agricole is expected to retreat further in the short term. In addition, Bank of America-Merrill Lynch recently lowered his rating from "buy" to "neutral."
Basel, Greece, recommendation: Crédit Agricole depression
Lastly, Crédit Agricole suffers for several weeks on fears its exposure to the debt of Greece, including Standard & Poor's, after Fitch downgraded the long-term notes. The rating agency also notes the gradient of two major Greek banks, Eurobank and Alphabank. However, the mutual insurance group is present in Greece, through its subsidiary Emproki. "A greater share of profits should be set aside to build social capital.Outside, Credit Agricole has lagged behind other banks, mainly because of Emporiki should not return to profitability by the end of 2011 "concluded Vincent Ganne.
Over a month, Credit Agricole fell 17%, when the CAC 40 gained 0.6% and the DJ Stoxx European banks down 7%.
The phone market "obile continues to suffer. The decline continued in the third quarter, according to preliminary figures from Strategy Analytics. Worldwide sales have declined 4% to 289.5 million units in the third quarter.
The union elections were held this Thursday at France Telecom. Nearly 80 000 people (the French employees, including subsidiaries owned more than 50%) were required to nominate their three representatives on the board of directors comprises 15 members. In the last election, in November 2004, the CGT and SUD had obtained a seat each for non-executives, the CFDT and the seat frames.
The final election results were not known late Thursday afternoon. In all likelihood, they should respect the overall balance of trade unions: CGT is the first organization in France Telecom (25.94%), followed by South (22.29%), CFDT (21.95%), FP (12, 25%), the CFE-CGC/Unsa (9.79%) and CFTC (6.77%).The CGT is really far ahead, the goal of SUD is mainly to maintain ", noted Thursday afternoon Philippe Meric, SOUTH delegate.
In the current situation of the company, which has faced a series of 25 suicides in two years, these elections are of particular value. They should measure whether employees understand the strategy of "hard" of SUD and CFE-CGC, who slammed the door to negotiations with management. Or if they approve the choice of other unions, CGT head, negotiating and feel they have already achieved progress.
Last Tuesday, at the plenary meeting between management and unions on five major projects launched in the business, SOUTH decided to withdraw holding that "where a lack of loyalty and transparency."The CFE-CGC had already left the talks last week.
'Lack of decency'
"The SGC during this crisis has tried to be responsible. This led us to achieve progress already, "observes Christian Mattorel, union delegate, reaffirming its priority" of trade union unity and defense employees. "The negotiation is open, it must be given every chance to build for years to come, says Xavier Major, CFDT delegate. Some are more often on television at the negotiating table.Sometimes there is a dramatic recovery situations that we know that lack of decency! We'll see if others give a bonus to some hyper. I t will be interesting to see what managers think, which are often found between the hammer and the anvil. "
To SOUTH, however, it is not certain that employees make the connection between these elections and the current crisis. "These elections are a little moon for employees is a bit far from their concerns," observes Philip Méric.Ce not like the election of staff representatives, with whom they interact every day. "
"Lombard," We shall emerge from the crisis together '