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 official figures will be at noon. But information BFM suggest the outlines of this publication. Namely a difficult 2010, despite a January under good auspices. In fact, "we can expect good numbers in the coming weeks before a turnaround due to falling orders," anticipates does one on the radio station.
The first weeks of this years new register and the continuity of orders made last fall, boosted by the fact scrap bonus. But the whole year is expected to decline by 20% in terms of global vehicle sales. With forecasts of a little less pessimistic (-10%) for the German Volkswagen's new Polo and easy payday loans . Citing unnamed Chinese yuan, the French President has condemned these currencies undervalued to prevent any fair world trade. In 2011, when it will chair the G7 and G20, "the France include on the agenda the reform of the monetary system", he again hammered.
Welcoming the decisions of the G20 regulations on bonuses, tax havens, Nicolas Sarkozy announced that France will lead by example and apply the new rules, including Prudential, decided at international level.
On a more general "indecent behavior will not be accepted by public opinion and that no country in the world," he said, castigating the salaries unrelated to the merits. "When you win every time, this is not a market economy." However, he added, "that creates jobs, wealth, many wins, I do not think it's shocking" .
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 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.
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.