Wall Street is expected in the red pre-meeting Tuesday. Shortly before the opening of the NYSE, the index futures in the Dow Jones, Nasdaq 100 and S & P 500 declined by 0.21% at 10,517 points, from 0.05% to 1883 points and 0.03% to 1133 points.
The U.S. carriers would indeed choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. Especially since the main stock index hit a "low point" there is exactly one year, March 9, 2009. Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!
The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment. Weekly Market in the United States, will then be placed under the sign consumer.The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence faxless payday advance .
On the side of values, the U.S. manufacturer of electronic components, Texas Instruments has revised upward its earnings forecast for the first quarter. In a statement released after the close of the NYSE, the group said it now expects sales of between 3.07 and 3.19 billion dollars instead of 2.95 to 3 19 billion expected previously.
Also in the technology sector, Cisco Systems will announce today a new offer to speed internet connections.Analysts said the group could announce as Google, investments in new broadband network.
After the withdrawal of EADS and its U.S. partner Northrop's tanker contract to the Pentagon, whose first installment is only valued at 35 billion dollars, Boeing alone competing.
The fast food chain McDonald's should also facilitate the session after announcing yesterday a 4.8% increase in sales worldwide in February.
Pay at the supermarket with a map Ticket Alimentaçao. It is possible to Brazil, the world laboratory industry services giant Accor for emerging countries. There, 95% of group tickets are paperless. If this case is still unique in the world, shopping, using products from Accor Services is already a habit for many citizens of Latin America. In Mexico, for example, families are disadvantaged, since 1983, to procure food in shops affiliated with Ticket Power.
Last year, the branch of Accor Services has achieved 943 million euros in sales in 40 countries, with 490 000 corporate customers, two thirds have fewer than 250 employees."Our top ten customers representing less than 5% of turnover," said Jacques Stern, Chief Operating Officer of Accor and future owner of the company focuses on services that will arise from the splitting of the hotel group in July. Today, 33 million users are using its services. Its two products will remain the tickets Restaurant and Food present in 24 countries (Mexico, Brazil, Chile …). They represented about 80% of the turnover of the industry in 2009, a figure broadly stable, despite rising unemployment.
Agreements with governments
In France, Ticket Restaurant claims leading position with over 35% market share before lunch check, Sodexo (Check Restaurant) and Natixis Headings (check table). For Accor Services is a profitable market, strong cash generation.The company receives because of commissions from businesses and merchants that accept Ticket Restaurant. That most of his earnings. As it takes between six and seven weeks between payment of securities by customers and their reimbursement by providers (restaurants, supermarkets …), Accor also generates substantial financial products guaranteed cash advance . Finally, each year, 0.4% of sales from prepaid sold but unused.
"In our business growth comes from the volume, explains Jacques Stern. Therefore one of our strategic objectives is to strengthen ourselves internationally, which requires new partnerships with local governments. "Last year, the branch Accor Services has signed such an agreement with the government Mali, which sought to encourage agriculture.It has launched a new ticket Agri, that farmers can spend in stores. Emerging markets already account for 40% of turnover (22% for France). Jacques Stern wants to continue to conquer the world. "Today, for example, we offer our food tickets in ten countries, there is a huge room for development, especially in emerging countries," says he. His priority in putting leading global Accor Services (40% market share before Sodexo), the controls of a listed company, totally independent of the Accor hotel. The change is immediately visible in a society becoming full-fledged branch Accor Services will change its name. "In people's minds, is associated with Accor hotels, not prepaid. We need to create our own brand, "explains Jacques Stern.Several specialist firms are working on the name of the new company, known until "New Services".
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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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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.
Ex-Thomson, Technicolor now, trying to straighten up and definitely wants to turn the page.After the creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros, Technicolor announced Tuesday in a statement he signed a partnership with 'American Warner Bros., to duplicate and distribute DVDs and Blu-Ray.
The French group said that this contract will generate significant revenues from the third quarter of 2010.
"Associating their expertise in creating entertainment and key technologies associated with the unique experience of Technicolor innovation technology offers many opportunities for both parties," said the president of Technicolor, Frederick Rose.
Weakened by serious financial difficulties, Technicolor has decided to relaunch by signing a strategic partnership with the world leader in terms of volumes of physical media (DVD and Blu-ray combined).
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