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Among the statistics expected Monday in Wall Street, the surprise came from consumer spending. The Americans have in fact spent more than expected in July. Up 0.8% on month, consumer spending across the Atlantic more than 0.3 percentage points the level expected by analysts. Because of inflation, which rose 0.4% from June, consumer spending rose 0.5% in real terms. Their progress is the highest since December 2009.

This increase serves as a good sign for U.S. growth in the third quarter. What mood enhancing buyer investors, who already showed optimism prior to publication. At the opening of the session on Monday in New York, the indices showed the green, and have strengthened their gains throughout the day.At the final bell, the Dow Jones advance of 2.26% at 11,539 points, the Nasdaq and Standard & Poor's 500 rising 3.32% respectively in 2562 and 2.83% points to 1210 points, the latter going over the bar of 1200 points, a first for two weeks.

The indices remained in the green while the IMF has revised down sharply its growth forecast for the U.S. this year and next, said Monday the Italian news agency Ansa, quoting a draft of the new economic forecasts Fund. According to the Italian agency, the IMF table than on a 1.6% growth this year in the United States, against a previous forecast of 2.5% published in June, and 2% next year against two , 7%.

Also, note that the promises of home sales fell 1.3% in July compared with June, as the market expected, according to figures released by the National Association of Realtors.They increased by 2.4% in June Over one year are up 14.4%.

The final impact less severe than expected from Hurricane Irene passed over New York yesterday, also contributes to investor optimism. Similarly, after being confused by the speech of Ben Bernanke, the Fed chairman, on Friday, market participants regain hope in a possible intervention by the Fed.

The Dow Jones above 11,000 points

According to analysts at Aurel BGC in fact, the announcement by Ben Bernanke, a two-day meeting in September to study in detail the possible deployment of new monetary tools, reassured. "Either the recovery of economic activity is growing, or the central bank will implement new support measures, they summarize.Under these conditions, the U.S. indices rebounded sharply after Bernanke's speech. "

In fact, dropped below the 11,000 points while the Fed chairman began to speak, the Dow finished at 11 284.5, up 1.2% on Friday night. A final increase, which encouraged European stock markets bounce back on Monday morning, except in London, closed due to holiday.

Another indicator which will be followed on Monday, the promises of home sales for July are expected down 0.1% from a consensus of analysts, against 2.4% rise previously.

The bank remained in the spotlight

No major publication is out of business side.

The people of the East Coast of the United States are preparing for a weekend out of the ordinary. In anticipation of Hurricane Irene, the authorities announced palsy or slowing of most means of transport that normally innervate New York Area. Once is not custom, the inhabitants of the Big Apple, including 250,000 living near the coast are being evacuated, will have to live in slow motion.

For security, the three New York airports – JFK, La Guardia and Newark – will be closed Saturday for aircraft arriving at noon (18 hours Paris time). The flights from these airports, however, may take off until further notice. This is an extraordinary disruption to an area that typically concentrates the air flow one of the densest in the world: each year, as many as 100 million passengers pass through this metropolis.This weekend, nearly 8,000 flights should be canceled.

Like most of his counterparts, Air France announced Friday the cancellation of all flights to New York JFK on Saturday and Sunday, while disturbances are waiting on those provided to and from other cities the coast, like Washington, Philadelphia or Boston. The resumption of service, from Monday, could also be laborious and cause further disruption, have also warned the airlines.

Transport suspended

Measure more tangible for the people, public transport will be suspended in the Big Apple this Saturday from noon until probably Monday rush hour guaranteed online payday loans. The subway, buses and railways do not circulate. Motorists have also been asked to leave their cars at home until the alert is lifted.If winds exceed this weekend 96 km / hour, the authorities of the State of New York have also warned they would close the main roads towards the city, and some bridges.

Given the restriction of transportation and possible damage caused by the passing of Irene, the inhabitants were ordered to stockpile water and food in preparation for the weekend. "Water is our product that sells best," noted the retailer Wal-Mart on Friday. Many are those who are armed with power generators in case of power failure.

To address these potential damages, the cost could rise to nearly $ 12 billion according to consulting firm Kinetic Analysis, U.S. authorities are preparing to deploy in new ways.900 National Guardsmen and 2,500 workers in the electricity sector include ready to intervene in case of power failure. All these measures aim to avoid at all costs repeating a scenario to Katrina, the hurricane that was painfully struck New Orleans in 2005.

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Sign that the markets are still very feverish, gold crossed for the first time in its history the bar in 1900 dollars an ounce to more than 1914 dollars exactly. However, according to analyst estimates, the Cac 40 should continue to rise, after gaining 1.14% to 3051.36 points on Monday. Wall Street closed Monday evening while a cautious rebound Asian stock markets advance slowly.

While awaiting the president's speech to the U.S. central bank, Ben Bernanke, Friday, and the publication of the second estimate of U.S. GDP in the second quarter, the same day, the markets are mindful of the situation in Libya where the prospect a regime change seems inevitable with the fall of Colonel Gaddafi after 42 years of reign.

Oil prices retreat slightly

As a result, oil prices were cautious on Tuesday morning.In morning trading, a barrel of Brent North Sea crude for October delivery fell by 2 cents to 108.34 dollars, after losing 18 cents in early trade. A barrel of "light sweet crude" for delivery in October gained 27 cents 84.69 dollars.

On the macroeconomic front, the manufacturing PMI for France and the euro area will be published respectively in 9 hours and 10 hours. In the U.S., sales of new homes in July were attendures to 16 hours.

On the corporate side, the energy sector will follow when the regime of Colonel Gaddafi is expected to fall.

Carrefour announced Monday the appointment of Thierry Garnier, currently executive director of distribution group for growth markets, the Executive Director for China and Taiwan, replacing Eric Legros.

Marine Le Pen responded first by issuing a press release immediately after the press conference of Nicolas Sarkozy and Angela Merkel. For the president of the National Front, the Franco-German summit had one objective: "to organize the sharing of the burden of debt" in deciding "how much further tens of billions of euros in France and Germany will contribute to bail out countries hit by the euro. " "It's irresponsible," she said, denouncing the "ideation" Sarkozy's "rush to the euro area as federalism." The president of FN requires a "top of the eurozone finally useful for people" to "take note of the end of the euro".

Jean-Luc Mélenchon, chairman of the Left Party, also expressed his disapproval."Instead of concrete measures to protect the people of the assault Markets, Nicolas Sarkozy and Angela Merkel persist without imagination, to comply with the requirements of finance," said the former senator.

On the contrary, Jean-Francois Cope, secretary general of the UMP, was "glad" that Sarkozy and Merkel have "reiterated the importance of adopting a" golden rule "on the whole budget Member States of the euro area ".

I-TV, Martine Aubry denounced the "smoking out of communication" by Nicolas Sarkozy on the "golden rule" that France and Germany proposed to be entered in the constitutions of 17 countries in the euro area. It is "a vague rule that does not solve anything," said the Socialist candidate in the primary by confirming that the PS did not vote when the Congress was convened."The president has made reforms that are financed and saddled deficits," said Aubry.

Unusually, the side of the Rue de Solferino issued a statement co-signed by Harlem Désir, near Martine Aubry and Michel Sapin, close to François Hollande. Together, they denounced "a summit of the powerless." "Unable to propose an ambitious joint response against speculation and recession, the Conservatives do not know French and German co-ordinate the restraint they impose on the peoples of Europe," say the two socialist, criticizing the ads "waves" on Tax on financial transactions no fax payday loans.

Asked on Europe 1 on Wednesday morning, François Hollande regretted his part that France has given up on the issue of eurobonds in the meeting between Nicolas Sarkozy and Angela Merkel on Tuesday.The member for Corrèze, Nicolas Sarkozy has given on this point against Angela Merkel, Germany is opposed to this economic instrument. "Nicolas Sarkozy has lost his hat" on this issue, he said. "We have a head, but he (Nicolas Sarkozy) has no arms."

Former Minister of Economy and Finance Laurent Fabius is "disappointed" by the end of the Franco-German summit. "The president has set on the Eurobonds. This is a major fault to be a serious consequence," the socialist RTL. "If the goal was to show that there is a pilot in the plane is missing," said he. "The French are not fools. Nicolas Sarkozy deficit record holder but he wants to impose the golden rule after 2012. It's like saying that the arsonist wanted to be fire chief." "What is lacking also in yesterday's meeting is a support for growth.We must not only manage budgets seriously, "he said.

As the president of the Radical Party, Jean-Louis Borloo, he "welcomes the Franco-German joint decision to set up as soon as possible" this tax. He saw a "critical point" in recalling that he had sent Monday to Angela Merkel an open letter calling for its introduction.

If Marielle de Sarnez, Vice President of the Democratic Movement, said that the proposals of France and Germany will "in the right direction," it remains "cautious as accumulated, over time, statements and announcements on these major issues. " She adds that "it will not solve the problems of France who value their continued economic weakness and concern. It's good on this front where the battles will engage key. "

In recent weeks, a new generation of vending machines first appeared in Paris. Located near the Parc des Buttes-Chaumont, the machine offers, 24 and 24 hours seven days a week, fresh bread, sold a euro baguette. One hundred and twenty rods craft, pre-cooked for ten minutes, are placed for maximum seventy-two hours in the refrigerated dispenser. The end of the cooking is done at the pace of demand for ten more minutes. They can then be kept for more than five hours, to ensure consumers of warm bread.

The origin of this world first, as original as vending machines swimwear and sunglasses located at the entrance to the pools, is Jean-Louis Hecht.The baker was able to marry fifties vending, mainly industrial and bakery.

"Small steps slowly"

It all began in 2001 when the contractor completed the first prototype of its distributor, together with a technical school in Moselle. He suggested "small steps small steps" toward a machine patented by the company and assembly of industrial equipment Mecondielle Portuguese. The investment is huge for this baker without the cost of the assembly, the machine comes already at 30,000 euros. Then you would need two hundred and fifty hours of assembly.

The machine, the first of which is in commercial service since January in Moselle, in the other bakery owned by Jean-Louis Hecht, naturally allows to inflate sales, thanks to its opening hours."It is also a strong vehicle for promoting that is not gray at the bakery, says Jean-Louis Hecht no fax needed payday loans. On the contrary, this innovation is a service that complements the baker's trade but do not replace. "

He said it will become indispensable in France and abroad, because of the quality of the product offered and the economic viability extraordinary profits are 30% higher than the store, according to the contractor.

A solution for villages without trade

In Paris, the distributor already sells 80 sticks a day, and Jean-Louis Hecht look forward to go further. The entrepreneur wants to "make the most of" his idea and does not sell his patent. He thinks big and would like to extend it by buying several bakeries and industrial equipment, backed by the facade.

The baker has other ambitions for his vending machine.A consulting firm located in Portugal working on a version independent of any trade, which would be installed in remote locations such as villages, tourist resorts or passage.

With the unmistakable design of his machine, Jean-Louis Hecht even considering creating a string, which spread in the desert regions of all trade, to allow each person to have its traditional fresh baguette every day. He finally claims that his invention has international potential, in Europe or the United States, where consumers are fond of "French baguette."

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The new housing market has definitely signs of weakness. The Federation of developers (FPI) released on Monday of new home sales down 19% in the first half of 2011 compared to the same period of 2010. "It's a market downturn. We are concerned whether the second quarter marked a slight slowdown in the decline (-17%) compared to first quarter (-21%), "responded the president on Monday of the REIT Marc Pigeon.

In addition to a base effect related to a strong rebound in sales in 2009 and 2010, this figure reflects the impact of the behavior of investors in the new home market. In 2009 and 2010, they accounted for almost two thirds of acquirers. But the reform of the Scellier, effective in 2011, and rising interest rates since the fall of 2010, helping to discourage this type of buyers.Between the first half of 2011 and first half 2010, sales to investors and have collapsed by 32%.

Meanwhile, the new interest-free loan, the "PTZ +", is still struggling to convince individuals to invest in the new. Over 70% of loans granted by the state were to purchase an old property, say the developers. Finally, sales "in the accession", down 1% in the first half of 2011, therefore not enough to offset falling sales to investors.

Especially as the prices of new homes continue to rise, contributing to a creditworthy buyers months. Despite lower demand and increased supply, prices jump by 9.7% year over year. The increase was more pronounced as ever in the Ile-de-France, due to the scarcity of land (12.5% ​​yoy, against 6.4 in the rest of France).One reason for this paradox lies in the spread of new buildings low consumption, more expensive but higher quality analysis of IPF cash till payday.

Safe haven

This change in the new home market still contrasts sharply with the market of the former. While the lawyers emphasized in July attenuation of the increase in sales in the first quarter, after a very dynamic year 2010. Ile-de-France in particular, the number of homes sold decreased by 4% in the first quarter of 2011 compared to the same period of 2010. A decrease due to the scarcity of goods for sale in Paris, as well as a relative lull after the peak sales in late 2010. But on the whole of France, sales volumes progressed further by 23% in March 2011 over a year.

Despite rising real estate rates, which crowd out some buyers, prices remain steady increase otherwise.In one year, the apartments are in price by 10.5% and 7.8% of the houses, according to latest figures published by notaries in France. But these increases mask contrasting trends. If the prices of apartments in Paris are more than 20%, 21 counties recorded lower prices in one year, find notaries.

Overall, however, the real estate market should remain strong this year. "The fundamentals of the French market are safe," said Olivier Eluère, an economist at Credit Agricole. The granting of credit is not excessive, the presence of property dealers in the market not significant, while the supply of housing remains structurally inadequate in some areas. The real estate market should furthermore continue to benefit from a safe-haven status in an uncertain economy.Devices such as government or Scellier + PTZ can also support the request. Lower prices should not be generalized profile before long.

In the aftermath of a black day on world financial markets, U.S. equity markets continue to brood. Despite an early trading in the green, the indices fro significantly negative territory 30 minutes after opening, despite the announcement earlier this afternoon in U.S. unemployment figures better than expected for the month of July. A 16h Paris time, the Dow Jones falling 0.48% to 11,328 points, the Nasdaq lost 1.46% more frankly to 219 points and the S & P was down 0.69% to 1191 points.

A move followed by other European stock markets. In Paris, the political mobilization against the bear market of Europe, however, allows to limit the drop in European indexes.

The employment figures dictate trend

In this context the assumption of a recession in the U.S. or the world, is today one of the main fears of the markets, the announcement of a significant improvement in job creation last month seems calm people down on Wall Street Friday after a collapse in U.S. up over 4% yesterday. In recent weeks, disappointing publications on the state of the U.S. economy had, in fact, chained, challenging the idea of ​​resumption of the world's largest economy. This publication confirms the figures released Wednesday by ADP, reports of more new jobs than expected for the month of July.

At 21 hours the numbers of U.S. consumer credit for the month of June will end this week full of macroeconomic data.

Oil and euro pressure

Oil prices climbed hesitantly at the opening Friday in New York, despite the employment figures better than expected, as the market wondered if it would be sufficient to support the demand for crude in a very fragile economic environment . On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 87.04 dollars, up 41 cents from the previous day.

This concern also weighs on the currency front, the euro was trying to rebound against the dollar but remained under pressure from macroeconomic concerns.To 15 hours in Paris, the European currency was worth 1.4224 dollars against 1.4106 dollars on Thursday night, after falling to 1 payday loans for self employed.4055 dollars in early Asian trade, its lowest for three and a half weeks.

AIG, GM and Procter & Gamble publish their accounts

On the corporate side, the semi-annual publications still dominate the news on Friday.

Thursday evening after market, the insurer AIG (-0.23% to 26.34 dollars) announced a return to the green of its accounts in the second quarter, with net earnings of $ 1.84 billion over the period, against a loss of $ 2.7 billion a year earlier. Per share, net income totaled $ 1 ($ 0.69 after tax, against $ 0.92 expected by analysts).

At the same time, and its first quarterly since its IPO on May 19, LinkedIn (-2.27% to 93.36 dollars) was positively surprised markets by announcing a turnover more than doubled the second quarter to 121 million dollars (120 euros) and net profit (4.5 million), where analysts expected a loss.

GM Motors (1.27% to 26.32 dolars) Thursday reported quarterly results exceeded expectations, with a near doubling of profits over the period.

Procter & Gamble (1.78% to 60.64 dollars) released before market on Friday for the fourth quarter of fiscal offset, net income up 15% to $ 2.51 billion.Of 2010-2011, so it shows a net profit of 11.79 Annual Statement billion, down 7% from the previous year.

Viacom (3.55% to 53.17 dollars), the parent company of MTV and Comedy Central, has reported a rise than expected in earnings thanks to strong revenue growth in advertising Cable and license agreements with websites. Its quarterly results (Q3) increased to $ 574 million against 432 million

Bank of America (1.70% to 8.98 dollars) is highly exposed to the most fragile countries in the euro zone, according to a document from the bank. The group said exposure to the tune of $ 16.7 billion (11.8 billion euros) in total to Greece, Ireland, Italy, Portugal and Spain in June 30Management has indicated in a document submitted to the regulatory authorities that its losses could reach up to legal $ 2.3 billion in addition to the provisions already passed for this purpose.

And if the Paris Stock Exchange on Thursday ended its eight consecutive sessions of decline that have lost more than 10%? The rebound on Wall Street Wednesday night and Tokyo this morning – although the latter is mainly due to the weakening of the yen against the dollar and the euro – seem to bode well for the Cac 40.According to analysts' estimates, could open the Cac 40 up 1.2%.

On Wednesday, the Cac 40 dropped 1.93% to 3454.94 points, after the yield spreads between bonds to ten years Spanish and Italian have widened compared to German bonds.

Financial markets, however, could play the card of caution pending the meeting of the Board of Governors of the European Central Bank (13.45), which is expected to announce its continued interest rate to 1.50% but especially before the publication of weekly claims for unemployment benefits in the United States (1430), on the eve of the official figures on Friday.

On the corporate side, two companies released this morning:

Veolia Environnement, which warned last Friday that it would not achieve its goals for this year, released on Thursday a net loss of 67.2 million euros in the first half, weighed down by exceptional asset write-downs 800 million euros.The world leader in environmental services will focus its activities "in less than 40 countries in 2013 against 77 today."

However, Axa reported first half net profit more than quadrupled to 3.99 billion ers (324%), driven by gains on sale and very little affected by provisions related to the support plan to Greece.

Vinci said Wednesday QDVC, its joint venture with Qatari fund, won a contract for 374 million euros for a metro project for a new town being built in Qatar.

Vilmorin has confirmed its margin target of 2010-2011 by announcing an increase of 12.1% of its turnover for the year, thanks to the vegetable business, along with the acquisition of assets and maize seed and sorghum Brasmilho of Brazilian society.

Hermès responded Wednesday to the Association of Defence of Minority Shareholders (Adam), who asked why the luxury group spent so much money to buy back its own shares. "Share repurchases are intended to cover the programs free shares to employees," said a spokeswoman for Hermes.

Cegedim dropped its goal of increasing revenue for 2011 but remains confident in its ability to generate an EBIT close in absolute value, that of 2010. The group also announced Wednesday for the second quarter of 2011, a consolidated turnover of 247.1 million euros (+1.6% as reported and 0.1% organic).

Dexia and Natixis will publish their second quarter results after market close.

A study by the Association for the use of frameworks (APEC) issued Thursday, the labor market remains well-oriented framework in the third quarter of 2011. 52% of companies surveyed expect to recruit in effect at least a part in the summer, 9 points higher than the same period in 2010 and 17 in 2009.

All sectors – including industry, banking and insurance, engineering and computer science – driven by the development of their business will be affected and graduates will for once not forgotten. "This dynamic is explained by that of business investment, which has a positive trend over the last 12 months," explains Jacky Chatelain, the director general of APEC payday advances.

The employment guidelines issued by APEC in June has also remained well oriented. At 48,307, it rose by 52% over the same month last year.Year over year, the trend is even more significant: + 67% to 461 366 job postings. A new record. All functions are sought, with a prize for technical professions (purchasing, logistics, maintenance, security …) which rose 80% year on year. Then the number of positions in IT, which jumped 71%.

The major stock markets in Asia are in the red on Tuesday. The signals sent yesterday by the stock exchanges in Europe and the United States do not encourage investors to take risks. Gloom settles permanently while stresst tests of European banks are not convincing and that the debt problems on both sides of the Atlantic continue.

In Tokyo, the Nikkei, which resumed trading after the long weekend, started on a decline of 0.53%. An hour of closing, it was down from 0.60% to 9914 points. The banking sector is particularly abused in the image of Mitsubishi UFJ Financial (-2.54%), Nomura Holdings (-2.34%) and Daiwa Securities Group (-1.15%). Export values ​​also suffer from a higher yen against the dollar: Sony loose 2.06% 3.63% Nintendo loses first Panasonic was down 1.95%.

For their part, Hong Kong and Shanghai respectively lost 0.29% and 0.47%.In Hong Kong, banks are still in trouble: HSBC Holdings (-0.47%), Agricultural Bank of China (-0.99%) and China Merchants Bank (-0.22%) down.

Only exchanges of Korea (0.12%), Australia (0.10%) and India (0.26%) manage to rise into the green but remain cautious. Note that at the Sydney Stock Exchange, the action News Corp, battered since the wiretapping scandal, bounced 2.54% to 14.53 dollars as investors take advantage of lower stock price.They also respond to information from the Wall Street Journal under which Rupert Murdoch, the founder of the media group, plans to release the reins of his company.

Oil climbs the slope

Oil prices were up Tuesday in electronic trading in Asia, investors taking advantage of prices driven down by concerns about the debt crisis in the eurozone, analysts said.

In morning trading, a barrel of "light sweet crude" for delivery in August took 38 cents to 96.31 dollars. That of Brent North Sea crude for September delivery took 41 cents to 116.46 dollars.