Caution has characterized the session Monday on U.S. markets. As we enter the ball of the first quarterly results, including Alcoa's after-hours trade, the U.S. markets have closed up slightly. The Dow Jones gained 0.18% to 10,216 points, the Nasdaq ahead by 0.09% to 2198 points and the S & P 500 rose 0.07% to 1079 points. Friday, Wall Street closed higher in very small volumes before the opening of the quarterly earnings season.
The euro under $ 1.26
On the foreign exchange market, the euro has further retreated from Monday to below $ 1.26, on a foreign exchange market characterized by a weaker yen due to the electoral defeat of the ruling party in Japan and Pending results of the first companies in the United States.In the eurozone, the key event of the week will be put on the market for Treasury bills Greek tomorrow, the first since the announcement of the bailout of the European Union and the IMF in May
The week will be rich in promises of economic indicators in North America. In addition to the cascade of results expected in the coming days, markets will look especially to the publication of the minutes of the last meeting of the Monetary Policy Committee of the Federal Reserve on Wednesday.They will look particularly at whether the Fed fears that the crisis of sovereign debt in Europe weigh on U.S. growth.
The ball starts quarterly results
In the absence of major macroeconomic publications on Monday, the market should focus on the first quarterly results announcements in the United States.
As always, the kick the ball in quarterly results, was given by the aluminum giant Alcoa (-0.64% to 10.87 dollars) on Monday after closing. Follow in the week the Google technology groups (2.35% to 478.48 dollars), AMD (2.89% to 7.55 dollars) or Intel (1.31% to 20.51 dollars), and JPMorganChase Bank (0.41% to 39.01 dollars) and Bank of America (-0.07% to 15.10 dollars).The figures will be scrutinized with JPMorgan special attention because many investors believe that it is the financial will signal a rebound in real markets.
BP blazes in London and New York
In addition, shares of BP, listed on the NYSE move up sharply to 4:20 p.m. amid speculation about possible asset sales of oil still struggling against the tide nore in the Gulf of Mexico. Like primary listing in London, where the title to earn 8.90% 397.25 pence, the action of BP climbed 5.64% to 35.97 dollars in the U.S. market increased from 0, 06%.
After opening slightly higher, 0.21%, CAC 40, which has enjoyed, this time, a mixed close on Wall Street too, fell into the red. Shortly before noon, the index feature of the Bourse de Paris yielded 1.36% at 3942.91 points, while he had gained 1.17% yesterday night at the close. Subsequently, the markets have been showered by the decision of the Ageng rating S & P lowered the rating two notches debt of Portugal. Like Greece, the country is saddled with a huge deficit. What has worried the markets literally, since the Paris Stock Exchange has stepped up its withdrawal. At the close, the CAC 40 fell by 3.82% in ironing 3,900 points.
Elsewhere, markets are also oriented substantially in the red. London losing more than 2.61%, 3.28% loose Madrid.The Dax in Frankfurt has finally sold 2.73% to 6159.51 points and the FTSE in London, 2.61%, to 5603.52 points.
The outbreak, imperious Plan aid to Greece remains suspended to the new requirements of German thoroughness. The 10-year rate that Athens can refinance markets have exceeded 9.6%. Athex, the Athens Stock Exchange finished in fall of 6%. The markets clearly fear a default if the country does not receive in time, by May 19, the money promised by the EU and the IMF.
A contagion feared
Fears of contagion to other countries in the euro area patients deficits have magnified the nervousness of the markets.
Everywhere, banking stocks weighed on the trend, banks are most exposed in case of default of payment of Greece.
In Paris, BNP Paribas lost 7% in closing, Credit Agricole and Societe Generale 6.42% 6.02%.
Other sources of uncertainty for the sector: Accused of fraud, the bosses at Goldman Sachs on Tuesday defended before the U.S. Senate, which has also defer consideration of the proposed reform of financial regulation.
Meanwhile, "similar problems (to those of Greece), but at a different level are met by other countries," warned the Vice-President of the European Central Bank, Greek Lucas Papademos. This risk is probably overshadowed the macroeconomic data and solid corporate earnings released in Europe (BP, Deutsche Bank and Electrolux) as the U.S. (3M, Dupont, Ford, UPS and U.S. Steel have better than expected.).In New York, tenacious optimism, however, the Dow Jones yielding 1.13% after the closure of Paris. Greece weighed, despite two U.S. indicators able to offset profit-taking and uncertainty: if house prices in February will have recovered only 0.6% a year against 1.3% expected, the confidence index April's consumer, however, rose more than expected, the highest since September 2008.
Workers at the plant Sodimatex Crepy-en-Valois, since Thursday threatening to blow up their factory to demand better severance pay, resumed negotiations with management on Friday, according to their lawyer."The goal is to obtain guarantees on fair negotiations and feasibility of proposals," said Ms. Caroline Substelny journalists, who advises employees.
After half a day of negotiations, the employees had left the roundtable organized at the municipality office, shortly before 20 hours before returning to the factory for a general meeting faxless pay day loans.
Both sides attempt to reach an agreement to improve the starting conditions of the 92 employees, including site closure is scheduled for a year.
The employees demanded such a premium extra-legal dismissal of 21,000 euros, similar to what had affected their colleagues from another plant Sodimatex closed in 2006.
ALSO READ:
"The" Conti "are offered a position in Tunisia …
"When the state interferes in the affairs of industrial
The mobilization will she go in this Tuesday, two days in a large loss of the right in regional elections? Six unions (CFDT, CGT, FOR, FSU, UNSA, Solidaires) called on employees of public and private to a national day of action aimed at influencing government policy on political and social. At midday, the department estimated 21% share of the striking teachers, estimated at 40% for the SNES-FSU, while 11.45% of the postal employees would have mobilized in the direction. At the station, the strike rate was estimated at 28% by management, and 32% by the CGT. At RATP, it s'l?verait to 14% depending on the direction, the CGT-RATP not yet have figures to communicate. 180 rallies are also planned throughout France.
If it comes shortly after the regional elections, the appointment union had however taken immediately after the Social Summit in February, meeting at the initiative of the Head of State to discuss, among other things, the upcoming construction of the reform pensions. Two main points today crystallize opposition from unions, following a government reshuffle.
• Pensions: major point of contention between the unions and the government, the pension reform was launched at the Social Summit in February. While the dialogue should begin early April, several union leaders have spoken about this on Tuesday, sending a warning to the government. The CFDT leader Francois Ch?r?que has called for a reform that reduces inequality."Of course we must change our pension system, but it does not evolve towards greater social justice, this is again a loss of confidence in politics." Therefore, it could "be the sport at a social level," he warns. Jean-Claude Mailly, secretary general of FP, for his part reiterated on Tuesday his commitment to the LCI retirement at age 60, holding "absurd" the solution of longer working hours to alleviate the funding problems induced by the lengthening of life expectancy no teletrack payday loan . "If we follow this logic, women live longer should work longer," he argued.As for Bernard Thibault, leader of the CGT, he believes "we can not impose reform on accounting criteria exclusively, also challenging the objectivity of the Advisory Committee of pensions. "This appointment will be very difficult to carry," he predicted. Probably heard a speech by the new Labor Minister, Eric Woerth, who insisted on Tuesday on the need to "protect" the current system "an equitable reform.
• Employment: while the unemployment rate back above the 10% in the fourth quarter of 2009, the CFDT called for taking further steps to assist employees affected by the crisis. Pleading for an appeal to partial unemployment, training rather than dismissal, the leader of the CFDT has also called for financial support purchasing power and resources center for sustainable employment.The employees "have the feeling that we no longer speak of their real situation since September. An impression they would have in his Sunday expressed through the ballot box. The government must now "give strong signals, and change of method," he said. A view shared by the leader of the CGT, Bernard Thibault, who on Tuesday urged the convening of a new social summit at the Elysee. The meeting, a time desired by the head of state says he would aim to "take stock of the situation regarding employment, economic and social policy and purchasing power for practical decisions for implementing fast.
ALSO READ:
"SNCF: traffic estimates for strike
In the aftermath of its worst session in 7 months, Wall Street is recovering. The U.S. stock market opened higher on very shy, taking the Dow Jones 0.05% to 10,024 points and the Nasdaq +0.37% to 2137 points. The markets reacted rather well to the employment figures published Friday. The U.S. economy still has destroyed jobs in January, 22,000 jobs, but significantly less than in December and the unemployment rate in the United States fell by 0.3 point to 9.7% during the first month of 'year, according to official figures published Friday in Washington.
For the Department, the report reflects on the business of the employment situation "almost unchanged", a sign that the U.S. economy would soon return to the net job creation, as was the case in November.
However, the disappointment is still to go, analysts hoping that the economy would have created at least 5,000 jobs over the month.These figures therefore mixed sows doubts on the speed of economic recovery overseas.
The confusion is also due to the strong upward revision in the number of job losses in all of 2009. Last year, the economy has lost a total of 4.823 million posts. This represents a fall in employment of 3.6%, the most since 1945!
The day before, the Dow Jones made his worst performance since early July, and lost more than 2.6% at 10,002 points, after a passage in the final session, under the 10 guaranteed payday loan .000 Points.
In Europe, the main squares are continuing their sharp fall, including leaded by fears concerning Greece, Spain and Portugal.
Moreover, the dollar continued its rise Friday. The European currency rose to 1.3648 dollars on Friday morning, under $ 1.37 per euro.but after the employment figures, the euro rose back above that threshold.
At the same time, commodity prices fell, oil Thursday evening closing down 5% to 73.14 dollar per barrel. This Friday, oil prices continued their fall, while an epidemic of risk aversion continued to hit commodities, the euro and equity markets, and anxiety remained high in a few hours of report U.S. employment.
Airgas to follow
Toyota should be on the radar screens of investors as the group has apologized publicly.The Japanese auto giant Toyota, which suffered a barrage of criticism and lawsuits after recalling millions of cars affected by technical faults, was Friday denied concealing these issues publicly and said that its cars are "safe".
Kraft Foods has confirmed that regulators had approved its bid for Cadbury.
Airgas has increased by over 42% yesterday on the Stock Exchange after Air Products has offered 5.1 billion dollars to buy its rival.
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.
The world of microprocessors confirmed Thursday after-hours trade, in a statement, the resumption of its activities, with net income nearly tenfold in the fourth quarter, which allowed him to limit to 17% decline in annual net profit , to 4.369 billion dollars.
The results of the last quarter of the year have exceeded expectations: the group of Santa Clara (California, western United States) posted a net profit of 2.282 billion dollars during the three months ended December 26.
Based on the number of shares and excluding special items (ie without taking into account the $ 1.25 billion paid to settle the prosecution of rival AMD), the benefit amounts to 55 cents, where analysts' s until 30.
Earnings per share annually, to $ 1.17, also exceeded expectations (67 cents expected), as the turnover quarterly and annual: respectively 10.569 billion dollars (+28%, 10.17 billion dollars were expected) and 35.127 billion dollars (-7%, against 34.73 billion expected).
Finally, forecasting sales of the current quarter, between 9.3 and 10.1 billion dollars, should be higher than predicted by analysts (9.35 billion dollars).
The way Intel has won, Thursday, 2.34% at the close of the New York Stock Exchange, after rising nearly 2% Wednesday ..
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 M?ric.Ce not like the election of staff representatives, with whom they interact every day. "
"Lombard," We shall emerge from the crisis together '
Oct
27
The good news of the day there doing nothing. The Paris market was unable to maintain the upward course of the opening. He finished in the red, sealed by the misdirection of Wall Street in early trade. Between the quarterly expectations of higher U.S. giants Microsoft and Amazon, and up 9.4% of resales of existing homes across the Atlantic to its highest since July 2007, there were nevertheless subject to rejoice. But after the recent record annual markets need to blow and the arrival of the weekend favors profit taking. In addition, uncertainties remain about the timetable for recovery.
Paul Volcker, former head of the Federal Reserve, said that "recovery is rather slow, too slow to reduce unemployment quickly."He said more manufacturing production and exports would be the best medicine to prescribe, rather than increased consumption for overcoming the crisis.
Moody's Investors Service said that if the U.S. failed to control its public finances, they could lose their Aaa sovereign rating by three or four years. The budget deficit reached 1.417 billion dollars (944 billion euros), representing 10% of GDP for the period ended September 30 and the current administration anticipates deficits of more than 1,000 billion dollars the next two years.
Automobile and banking Featured
Bank stocks were the first places trust the document acknowledging the success of increased capiral BNP (2.09%).The group said said its capital increase of 4.3 billion euro, launched in late September to reimburse the aid of the French state, has been oversubscribed to the tune of 2.5 times. The demand was about 10.9 billion euros. Societe Generale jumped 1.6%. Credit Agricole gained 0.45%.
motor values were also well oriented after trimestriesls exceed the expectations of the Swedish Volvo. Renault took 1.65% and 1.4% Peugeot.
The turnover of Saint-Gobain (+1.51%) in the third quarter amounted to 9.720 billion euros, down from 13.9% at actual exchange rates. In nine months, he stood at 28.435 billion euros (-15% at actual exchange rates).
Danone (-0.84%) reported a turnover of 3.78 billion euros in Q3, up 4.1% in comparable data.The group expects growth in sales on a comparable close to 4% in the second half.
Prime Minister of Belgium Herman Van Rompuy, announced in Parliament that a Memorandum of Understanding was signed between the Belgian State and GDF Suez (-1.44%) on an annual contribution from 2010 to 2014, to be located between 215 million and 245 million euros in return for extending the operation of nuclear plants.
The cost of voluntary separation scheme, proposed by Air France-KLM (+0.04%) and on 1684 people, would rise between 150 million and 160 million euros, La Tribune reported Thursday on its website.
Jean-Marie Messier, the former boss of Vivendi Universal will meet before the Correctional Court of price manipulation and abuse of social goods.The title Vivendu lost 0.71%.
Home chilly for the results of Havas and Icade
Havas fell by 6.97%, signing the biggest decline on the DRS. The group posted revenue of 326 million euros in the third quarter. The band recorded 1.131 billion euros in net gains on budgets nine months, including 328 million for the third quarter.
Icade lost 0.22%. The real estate group achieved a turnover of 1.089 billion euros at September 30, down 5.5%.
In the first nine months of 2009, Areva (unchanged) shows sales of 9.7 billion euros, up 4% on a comparable basis.
Ingenico (-0.39%) now provides an annual turnover of between 6% to 8% compared to pro forma revenues of 780 million euros in 2008.It previously expected a decline of between 4% and 8%.
Inter Parfums has announced a turnover for the third quarter 2009 unchanged at 72.8 million euros.