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The banks now have new solvency standards: This Sunday, the central bankers and regulators met in Basel (Switzerland) have reached agreement on financial sector reform, designed to make institutions more resilient to future crises .

This will reassure the financial world. Already this morning, Asian stock markets greeted the advance and the details given by the Committee to reach a global banking system stronger.

In Europe, stock markets are benefiting from this renewed confidence in the markets, like the euro, which is increasing by nearly 1% in morning trading against the dollar, and exceeds $ 1.28.

The CAC 40 is up and continued on Monday morning, from 1.06% to 3765.24 points.Same trend on the Dax in Frankfurt and the FTSE in London, rising by 0.7% to 3258.51 points from 0.78% to 5544.45 points.

Few indicators on Monday

In France, the current account deficit moved to France to 2.2 billion euros in July, after 2.7 billion in June and $ 4 billion in May, announced Monday the Bank of France (BoF). This deficit reduction is explained by an improvement in services trade, including surplus increased from 1.3 billion euros to 1.9 billion euros.

For the euro area, industrial production in July will be the only major indicator to track, 11:00. In Vienna, will meet until 17 September the Council of 35 Governors of the International Atomic Energy Agency (IAEA).And at noon, the meeting will be held bi-monthly Bank for International Settlements (BIS).

United States, the figures of budget execution will be available in August at 20 o'clock.

The bank on the radar screens

With the agreement in Basel and confidence in the banking system invigorated by the news, financials should be acclaimed the gong to open the Paris Bourse. To follow, therefore, Societe Generale (+3.3%), BNP Paribas (1.93%), Dexia, Credit Agricole (4.93%), Axa (+2.4%) and Natixis.

European banks have suffered much in recent days doubts about the credibility of the stress tests carried out before the summer, and considered too easy to "pass". The Wall Street Journal drives the point in holding more than 1.9 trillion euros of public debts European banks.In an editorial, the Financial Times also highlights the continuing fragility of the banking sector in Europe.

In addition, banks themselves should not enjoy the new standards imposed, which should lead to tremendous fundraising, according to them. These measures could well lead some banks to launch capital increase to strengthen their balance sheets.This is particularly the case of the first German bank, Deutsche Bank (-0.37% to 47.57 euros), which confirmed on Sunday that it would increase its capital by at least 9.8 billion euros including increasing its equity.

In Italy, valeusr bank are also welcomed: Banco Popolare took 2.24% to 4.8 euros, UniCredit 1.85% to 2.01 euros, Intesa Sanpaolo 1.85% to 2.5 euros and BMPS 1.78 % to 1.03 euros in a market up 1.06%.

Lafarge climbs amid council statement

Frontlines CAC 40 Monday, Lafarge, which increased 4.7%, thanks to a recommendation from Credit Suisse, which went to "outperform," cons "neutral" before.reouge in only three values: France Telecom (-0.52%), Pernod Ricard (-0.25%) and Accor (-0.12%).

For his part, Alcatel Lucent (+2% to 2.21 euros) announced that some telecoms groups could participate in the auction in China and India to build experimental networks fourth generation (4G) at the end of the year, those countries seeking to improve their existing network or expanding the wireless business.

Airbus order giant?

Airbus (EADS, 1.87% to 19.35 euros) is in negotiations with China for the purchase of 150 aircraft worth about $ 16 billion, reports La Tribune in its Monday edition. The discussion focuses on 120 medium-haul A320s, 20 A330s and ten A350s, the newspaper said citing sources "concordant." It would be the largest order placed by China since 2005.

The side of civil aviation, Air France-KLM (+0.76% to 11.3 euros) is preparing a response to the expansion of Lufthansa in sub-Saharan Africa. His plan, dubbed "Leopard," should result in an increase in supply in sub-Saharan Africa, says Les Echos, particularly in Libreville (Gabon), or Malabo (Guinea).

The automotive sector with a view

Oil stocks should also be colored black while gold continues to rise. On Friday, oil prices surged in New York after the closure of a major Canadian pipeline carrying crude to the U.S., a barrel of benchmark climbed almost 3%. And in Asian trade this morning, oil rises again from 0.93% to 77.16 dollars.Total is 1.19% to 39.47 euros.

Peugeot (0.95%, to 23.28 euros) and Renault (1.34% to 36.37 euros) have been surrounded last Friday, following the announcement of early redemption of the State loan of one billion euros each. Renault should still be followed, since the group intends to sell its stake in Swedish truck manufacturer Volvo, said Chief Operating Officer Patrick Pelata in an interview published Saturday by the weekly Wirtschaftswoche. The officer gave no indication on the price of such a transaction. Renault is Volvo's largest shareholder with a stake of 20.7%, currently valued around 2.2 billion euros.

The founder of Meetic could disengage

The founder of the first European site Meetic dating (12.14% to 23.93 euros) plans to sell its shares.Marc Simoncini, who still holds 22.98% stake in his company and the company matches Pegasus, owner of 26.72% stake, have appointed investment bank Messier Partner a common mandate "to assess all strategic options. "

For his part, Etam Development (1.59% to 32 euros) is not for sale.Families and Milchior Tarica (Mrs. Tarica being the sister of Peter Milchior, father of Lawrence Milchior), with 68% of the capital, are not sellers and there is no intention of management out of stock, may we read in The Tribune.

The boss of Publicis (+0.2% at 35.19 euros), Maurice Levy, also interviewed by The Tribune confirmed that his group will outperform the market in the coming years and intends to pursue its development strategy in China where he needs to "double or triple" its presence.

In the field of reinsurance, Scor (1.22% to 17.46 euros) is "more optimistic" than its competitors in the current reinsurance market, according to Victor Peignet, CEO of the non-branch group life, alongside the Rendezvous in Monaco in September.For his part, Munich Re (1.08%) wants to set up an offer coverage to oil platform disaster to compensate the damage caused up to 20 billion dollars.

The only publication of interim results of the day will be made this evening after the close of trading by VM Matériaux (-0.85%).

Before donning his new dress Nokia CEO Stephen Elop has already achieved a feat. The 46 year old Canadian is the first non-Finnish to take the reins of the world's leading mobile phone.

If the group does not hesitate to go and look at Microsoft, where he heads the Business Division, to replace Olli-Pekka Kallasvuo, because he is the man for the technology sector. Recently touted as CEO at HP, Stephen Elop has a resume to the height of his new position at Nokia.

A graduate in computer engineering at McMaster University (Ontario), Bloomberg tells BusinessWeek that the young Stephen Elop is the way to be ranked among the best students while working thirty hours a week next, including installation. .. the first computer network on campus.His impressive career has led him to specialize in technology, the editor in Adobe, then the manufacturer of routers Jupiter Networks, groups that he turn by turn presided. At Microsoft, where he stayed only three years, this father of five children, including triplets, described his own role as that of an outsider. "Steve Ballmer (Microsoft CEO Ed) is still very interested in how I handled a particular problem if I were in a different company," he recounts in a press release containing the results of its first year in the U.S. giant.

Restarting the race for Nokia smartphones

At Nokia, it is his vision of a former Microsoft will be sought."His solid experience in software and its proven performance in managing change are valuable qualities as we strive to complete the transformation of the company," said a statement from the President of the Board of Directors Nokia, Jorma Ollila.

The appointment of Stephen Elop who is not a specialist telephony software but, crown réogranisation the group and the creation of a new flagship "Mobile Solutions" dedicated to smart mobile devices and Symbian operating system. The upcoming release of the latest smartphone N8 marks the beginning of the reconquest of this sector. A phone that works with applications downloaded on the Ovi platform.

And the task is huge for Nokia, whose stock has lost more than 35% in one year.While the mobile sector is booming, the Finnish company failed to turn smartphones. Even if it remains the largest mobile phone manufacturer in world, on this sector, it has been widely outdo Apple and Google. The group's results show it. For the second quarter, the Finn has published a net profit down over 60% to 104 million euros.

If the effects of the arrival of Stephen Elop on the results of the group will not be felt for several months, shareholders, themselves, are already enjoying the man. The price of Nokia shares rose more than 2% to 16.30.

The Nikkei 225 continues to play yoyo. After four sessions increase (5.31%) and two down (-2.99%), the Japanese index returns to earnings: a little over an hour of the close, the Nikkei rose 0 , 96% to 9111.68 points, in the wake of U.S. and European exchanges. Investors are somewhat reassured by the crisis in Europe, after Portugal has made two successful bond issues for more than 1 billion euros. In contrast, very cautious about Ben Bernanke, mindful of new signs of slowing U.S. economy, have no impact on investor sentiment.

Meanwhile, the yen appreciates further against the euro to 106.33 yen per euro (-0.38%) and against the dollar at 83.77 yen per dollar (-0.20%).

The Japanese export values are correctly oriented, having been buffeted yesterday: Canon rose 1.42% to 3560 yen, Honda climbed 1.05% to 2773 yen or Toyota has shown a definite increase of 3.35% at 2925 yen .

Elsewhere, on the other Asian markets, the trend is clearly mixed: the Hang Seng Index gained 0.50% to 21,193.74 points, the Seoul Stock Exchange is up slightly from 0.10% to 3737.94 points, the Exchange Sydney advance of 0.78% to 4572.50 points, the Bombay Stock Exchange gained 0.49% to 18,757.46 points and Singapore treats herself to a small increase of 0.06% to 3013.21 points Same day payday loans.

The Shanghai Stock Exchange although only with Taiwan

Conversely, Taiwan lost 0.32% to 7826.05 points and especially the Shanghai Stock Exchange is changing markedly decrease of 1.29%, four days after the publication of important indicators for the month of August: Inflation , industrial production and retail sales. "The price of immbolier rising again, the inventory level concern, and the financial position of banks," said an analyst at Zheshang Securities.

Moreover, the Japanese Minister of Finance, Yoshihiko Noda, questioned the motives of China continue to buy Treasury bills Nippon."I do not know the real intentions of China, but we plan to cooperate with Beijing and close to consider its intentions," he said Thursday in committee.

A barrel of oil goes up a bit

Crude prices were up Thursday in electronic trading in Asia in the hope of the published figures showing a rise in demand in the United States, according to brokers.

In morning trading, a barrel of light sweet crude for October delivery took 47 cents to 75.14 dollars. One of Brent North Sea crude for delivery gained 28 cents to equal 78.45 dollars a barrel.

The Koreans have a sense of honor, particularly advanced. The boss of Kia Motors, Chung Sung-eun, has resigned after the manufacturer, the country's second largest behind Hyundai's ally, was forced to announce, between Monday and Tuesday the recall of more than 100,000 models worldwide for problems electrical circuit. The four models are concerned the Soul, the Sorento, the Borrego and Cadenza.

In reality, this reminder, in addition to that, in June, to 56,000 vehicles (produced in Slovakia) for a potential defect in the braking system, seems to have been one too many for the group chairman, Chung Mong-koo, the son of the founder of Hyundai. It was he who had fired Chung Sung-eun, also vice-chairman of Hyundai-Kia, according to the Korean press.

The quality, workhorse of the group

This reaction may seem excessive.Reminders of this magnitude are indeed common in the automotive industry. Generally, they do not impose sanctions on the head of companies. The most striking example is the Japanese automaker Toyota, which has not changed leadership after recalling more than 10 million cars since last fall to technical faults, which has plunged into the worst crisis serious in its history. The world, however, completely revised its processes for quality control.

The intransigence of Hyundai-Kia is explained by the fact that the fifth largest world has made improving the quality of its flagship since the early 2000s. Thanks to the huge sums invested, it now ranks among the best in this field.In recent years, the group, who dreams of becoming world number three in 2012, before passing the result Toyota has further intensified its efforts to provide a high quality image.

Since its quality problems have knocked off its pedestal Toyota – long the standard in the field – Hyundai and Kia are looking to snatch back market share from their rival Nippon highlighting the reliability of their models. In the second quarter of this year, Kia has posted a net profit up 61% YoY thanks to good sales and the success of its new models. This explains the desire of Hyundai-Kia to hit hard after the latest recall, although their scope is limited, probably to make it a symbol of his attention to quality.

The second plan of Barack Obama takes shape. The American president should present a program of 50 billion dollars (38.8 billion euros) in infrastructure upgrades, according to Reuters. Objective: To boost job creation, not dynamic so far, the agency said quoting "authoritative sources at the White House."

Obama vows to "work with Congress so that the program is fully funded, it has been noted. To finance the measure, the Obama administration plans to remove tax breaks for industries of oil and gas, as the authoritative source.

The President should also unveil on Wednesday a tax credit extension research and development, sources said. The cost of the measure would be 100 billion dollars over ten years.At a time when European countries are increasing the austerity measures, the U.S. government is preparing to take the cons-foot, two months before parliamentary elections in mid-term no faxing payday loan.

Tax Exemptions Expected

The tenant of the White House is also considering a series of temporary tax exemptions for businesses. The cost of such a device could however be high and difficult to adopt. An extension of tax cuts to middle class only adopted under George Bush, and incentives for loans to local banks were also discussed.

Members of the Obama administration, however, insist on the fact that these measures do not constitute a second stimulus package, at a time when all eyes are fixed on the level of public deficits and where one wonders about the effectiveness of the first stimulus plan of 787 billion dollars spent in February 2009.

Anxiously awaited the U.S. employment figures for August were better than expected, according to the Department of Labor. If the U.S. economy as a whole has destroyed 54,000 jobs, the private sector alone has created 67,000 jobs. Economists had expected only about 41,000 new posts.

The private employment nevertheless displayed a marked decrease from the previous month, the companies have created 107,000 jobs in July, according to figures revised up sharply.

The Paris Bourse jumped in the wake of the publication of U.S. statistics, the CAC 40 gaining 1.43%, to 3683.54 points."If these figures are burying a little more second recession scenarios, they confirm the thesis of a slow recovery," nuance in a note economists Societe Generale CIB.

Only the number of private sector jobs is important, because the public continues to destroy temporary jobs created earlier this year for the population census and does not reflect the U.S. economy.

Job losses in the industry

"These figures are fairly good news," said Thomas Julian, an economist at Natixis. "The job creation in the services sector (67 000) has indeed succeeded in erasing the destruction of jobs in industry (27,000) and construction rebounded (19 000)."

The unemployment rate, calculated differently, increased only 0.1 percentage points to 9.6%."The current pace of job creation, lower than 100,000, not enough to lower the unemployment rate, economists emphasize Societe Generale CIB. On the other hand, the long-term unemployment has reached 42% in late August. A sign that worries the Fed, the U.S. central bank.

"The slowdown in job creation (especially in industry) seems to reflect the current slowdown in growth caused by the gradual disappearance of the stimulus," said Thomas Julian.

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Despite the rebound in Asian stock markets Wednesday morning and the revival of U.S. consumer confidence on Tuesday, the Paris financial markets should remain febrile for the first day of September. Futures rose 0.59% to 3506 points, about 8.20am. The CAC 40 closed Tuesday August on a small increase of 0.11% to 3490.79 points. Throughout the month, the index in Paris lost more than 7%.

Vivendi raised its forecast

The set of interim results continued. Meanwhile Wendel and Altran particular, Vivendi raised its forecast for this year, after posting a 6.1% increase in sales to 13.9 billion euros and 6.6% of net income to a 26 billion euros.

Wendela investment company registered in the first half net profit of 124.5 million euros against a loss of 959 million for the same period of 2009.

Tuesday after-hours trade, Bouygues has issued a revenue down 1% in the first half and slightly raised its full-year sales (30.4 billion euros against 30.1 billion euros previously planned) .

Vinci reported interim results exceeded expectations. Its net profit was up 1.9% to 703 million euros and sales rose 2.3% to 15.5 billion euros, thanks to improved traffic conditions and benefits the acquisition of Cegelec.

Finally, Eiffage confirmed its forecast of sales for 2010 thanks to the growth of its backlog and achieved a 40% jump in net profit group share semi-annual 70 million euros payday advances .The operating profit has however declined by 2.6% to 412 million, within the scope of the downturn in work due to a climate of increased competition.

The investors also will keep an eye on Sanofi-Aventis. In the showdown, which contrasted with Genzyme, the CEO of biotech company judge, in an interview with Reuters, the high probability of finding an agreement on an offer from Sanofi on American group. However, he reiterated that Genzyme will not accept the proposed price of 69 dollars per share.According to sources close to the U.S. group will not negotiate at least $ 75.

PMI manufacturing program

On the macroeconomic front, the meeting will be especially marked by the publication of the manufacturing PMI in France (8.45am), Europe (11:00) and USA (16 hours), and the ADP survey which will give a first overview the situation on the labor market in the U.S. before the official data on Friday.

Other important indicators: the numbers of the car market in August in France (12:00). In July, new car registrations fell by 12.9% compared to last year, and 15.4% for the only French brands.