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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The U.S. growth revised sharply downwards

The Fed Beige Book released Wednesday evening has reported a recovery in global economy. But two of the twelve regional branches of the Fed said the pace of activity has slowed recently, Chicago and Atlanta, and two others have found a stable economic situation in Cleveland and Kansas City.

On the foreign exchange market, the euro rebounded to 1.3095% from 0.79 dollars, its highest since two months.

Side indicators on Thursday, markets will expect enrollment figures weekly unemployment in the U.S. earlier this afternoon. The primary appointment of the week is expected Friday with the first estimate of gross domestic product (GDP) which will attract the attention of investors.

Symantec picks

On the side of values, Visa (-1.9% to U.S. $ 73.75) yesterday issued a profit after the close of U.S. $ 716 million, or 96 cents per share, against 93 cents expected by analysts. The group's turnover is up 23% to $ 2 billion against $ 1.97 billion expected by analysts.

The publisher of Symantec Antivirus (-9.6% at 13.26 dollars) has announced an increase in its profit to 161 million dollars against 74 million last year. But the disappointment comes from the software storage management data that represent 36% of sales.The activity is down 5%.For the current quarter, the group revised downward its revenue were planning.

U.S. oil giant ExxonMobil (1.44% to 61.79 dollars) on Thursday posted a net profit nearly doubled on a year in the second quarter to 7.560 billion dollars, thanks to improved refining margins and higher oil prices.

Net income group share stood at 7.560 billion dollars against 3.950 billion a year earlier (+91%).

For its part, the group sales online Amazon U.S. (1.31% to 119.67 dollars) has launched two new models of its Kindle reading shelf.

Always on the side of values, the car rental company Avis (3.52% to 11.47 dollars) amounted Wednesday its bid for rival Dollar Thrifty, with 13.4% more than Hertz, 1.33 billion in cash and stock, hoping to cut short the agreement between Hertz and Dollar in April.

Also note, Chris Viehbacher boss Sanofi Aventis (1.76% to 29.99 dollars) has confirmed that group continued to explore possible "small or medium-sized" acquisitions. He declined to comment on rumors about the interests of U.S. biotech group Genzyme. Earlier in the morning, sources cited by Reuters said that the laboratory intends to make a formal offer on Genzyme after the failure of his informal approach on U.S. biotech specializing in the treatment of orphan diseases.

According to Bloomberg, the board of Sanofi has authorized management to offer up to $ 70 per share, an offer that values Genzyme $ 18.7 billion.

On Wednesday, the NYSE has dropped cooled by the president's speech to the U.S. central bank, Ben Bernanke. The latter, who was speaking before a parliamentary committee, believes that the economic recovery continues at a pace "slow".

On the foreign exchange market, the euro regained some ground against the dollar after the publication of an index showing that the growth of private activity in the euro area has increased in July.In the morning, the European currency climbed back above $ 1.28, against 1.2757 dollars the previous day.

New series of results

From the values listed, investors will react to a new salvo of published results Wednesday after the close of Wall Street, and Thursday before the market opening.

The manufacturer of components for Qualcomm phones and released after the close of U.S. markets, a profit of $ 767 million for the third quarter of fiscal offset, up 4% over a year and much better than expected. Thanks to "strong demand for 3G technologies," the group also raised its forecast for the year. The title earns 7.41% to 38.85 dollars.

For his part, Starbucks has unveiled a profit of 207.9 million, in line with analysts' expectations.Turnover was up 8.7% to 2.61 billion dollars against 2.56 billion dollars as abandoned attendu.Le 1.35% to 24.92 dollars.

Always on the side of values, the internet auction group eBay has posted a net profit up 26% to 412 million, just above expectations, and revised down slightly its forecast for the whole of year, under the impact of the strengthening dollar. The title gained 4.31% to 21.04 dollars.

The world's largest construction equipment Caterpillar (0.44% 67.18 EUR) posted quarterly profit of $ 1.09 per share, against 85 cents expected by the market. It was in the aftermath raised its forecast for 2010.

The telecoms operator AT & T on Thursday posted a profit than expected and this best expressed more optimism about the prospects of annual growth. The title hesitates between red and green.

The industrial conglomerate 3M on Thursday reported a 43.2% jump in net profit in the second quarter, above expectations because of strong demand from emerging markets. The title gained 3.11% to 84.84 dollars.

UPS (6.55% to 63.94 dollars) still raised its forecast after the publication of a good second quarter. And thanks to the international.

Operating profit jumped to 175 million dollars against 76 million a year earlier. Without taking into account a restructuring charge of $ 10 million, the increase is 32% low fee pay day loans."We are pleased to have continued to generate strong operating earnings and a sharp increase in margins," said the CEO, Carol Bartz, in a statement.

Side perspective, the band announced for the third quarter revenue target of between 1.57 and 1.65 billion dollars. Yahoo also relies on an operating profit of between 160 and 200 million dollars.

The news did not seem to have pleased the markets: in trade after the close on Wall Street, shares drop 4.67% to 14.49 dollars.

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The CAC 40 was indeed opened down 0.95% at 3696 points.

Since the beginning of the week, the CAC 40, which replaced the European aid plan of 750 billion euros announced in the night from Sunday to Monday. Last week, the CAC 40 index had fallen more than 11%.

Thursday evening, the benchmark index of Paris has stood still while the rest of Europe has evolved disparate: Spanish IBEX fell 1.11%, when folded BEL 20 0.22% .While the Dax in Frankfurt took 1.1% and the FTSE in London, 0.93%.

This Friday, the IBEX was down 0.87% at 9890 points, BEL 20, 0.86%, to 2513 points, the DAX, 0.37%, to 6228 points and the Footsie 0.48 % at 5407 points.

The IMF: a report on public finances G20

Today, Europe is free of major statistical. In contrast, the United States, the indices continue to rain.Are scheduled for this afternoon publication of retail sales in April, very controlled, industrial production for the same month – also highly regarded – the index of confidence from the University of Michigan for the month of May – for a forecast of economic health – and stocks and sales companies in March.

Other important events this Friday, the IMF will publish its report at 5:01 p.m. on the budget deficit and public debt of the G20.

EADS net profit down 39%

The giant European aerospace firm EADS said Friday a 39% drop in net profit to 103 million euros. The A380 still weighs heavily on the performance of EADS payday loans with no fax. The group has however confirmed its objectives for the year.Actions grappillent 0.13%, to 15.5 euros, but the market is bearish.

EADS is part of only four values in the green in early trade, with Danone (+0.36% to EUR 44), Sanofi-aventis (+0.3% to 51.9 euros) and Lafarge ( 0.02%, to 50.9 euros).

For this Friday, it is the only publication of results and no presentation of turnover is expected.

The battered banking

Credit Agricole already showered yesterday – the shares are down 3.56% at the close Thursday night (the largest drop in the CAC 40) – is still the red lantern on Friday of the index, with a decline of 2.58 %, to 10 euros.

The bank posted earnings of 470 million euros in the first quarter when his rival Societe Generale (-2.5% to 37.6 euros, the second largest drop in the CAC 40) and BNP Paribas (-1.66% , to 50.9 euros) have respectively reached profits of more than 1 billion euros and 2.3 billion in the first quarter of 2010.

Furthermore, the Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.

In turn, Natixis lost 3.15%, to 3.84 euros and signs the worst performance of the SBF 120.

EDF side, the series on electricity prices is not over. Priced at 42 euros per MWh, the price increases would be 11.4% in 2011 and 3.5% per year between 2011 and 2025, according to the Commission for Energy Regulation (CER).Figures disputed by EDF. The government – which sets prices for electricity – and EDF belie such increases. The EDF shares were down 0.88%, to 38 euros.

Even more measured but still trend elsewhere in Europe. At the London Stock Exchange, the FTSE-100 gained 0.39% to 5608.13 points. At the Frankfurt stock exchange, the DAX 30 0.21% advance to 6097.14 points.

The Athens Stock Exchange, somewhat protected by the ban on short selling by the Constable of the Exchange, wins it, at 1800.37 up 5.45% points on Thursday at midday, buoyed by the hope of an early agreement on the payment of a substantial international assistance.

Greece, Portugal and Spain. Southeastern Europe continued to frighten the markets Wednesday. The Spanish saw its debt rating one notch worse, with a negative outlook.But a lull stands today, while the European leader and the IMF have sought yesterday to reassure markets.

Between degradation rate and retention Note

During a joint press conference yesterday, Jean-Claude Trichet, president of the European Central Bank, and Dominique Strauss-Kahn, director of the International Monetary Fund, have called on Germany to take an expeditious decision on aid Greece. Both men say they are confident. German Chancellor Angela Merkel it seems, heard the message, since it has declared its intention to activate "as quickly as possible" aid plan.

On the macroeconomic front, a decision came from the United States has reassured Wall Street and in its wake, the European stock.The Fed has indeed confirmed keep interest rates low for "a prolonged period, despite a rapid recovery of the economy.

After two sessions of sharp declines, the bank stocks are returning to earnings. In Paris, BNP Paribas gained 1.29% to 51.64 euros, Dexia advance of 0.78% to 4.132 euros and Societe Generale was up 0.07% to 40.940 euros. In contrast, Credit Agricole, which said Wednesday night that its exposure to sovereign risk in Greece amounted to EUR 850 million, lost 0.32% this morning at 11.02 euros, before returning + 0, 5% to 11 105 euros at midday.

CAC 40: Pernod-Ricard in mind, PPR red lantern

Among the values that have posted Wednesday, PPR has returned to growth in the first quarter after five consecutive quarters of downturn, and said Tuesday, predicting a further acceleration in sales during the year.However, PPR shares fell sharply, from 3.03% to 100.80 euros, the biggest drop in the CAC 40.

Thursday is the many publications of quarterly results, on both sides of the Atlantic to Paris, ArcelorMittal (-0.77% to 30.760 euros) reported a net profit decline of 36.6 % in the first quarter 2010 over fourth quarter 2009.

France Telecom (1.13% to 16.520 euros) issued a turnover down 2% in the first quarter of 2010, in line with market expectations.

The result of Sanofi-Aventis (down 0.25% to 51.75 euros) rose 9.7% to 2.4 billion euros in first quarter 2010 against a consensus of 2.28 billion euros.

Bull (4.36% to 3.35 euros) saw its sales boosted by the acquisition of Amesys, a company specializing in security systems: its turnover grew by 9.4% against 0.6 % off-Amesys.

Pernod Ricard has announced an increase of 14% of its turnover for the third quarter of 2010 of its fiscal year 2009-2010 to offset 1.5 billion euros. Pernod Ricard shares climbed 4.40% to 65.76 euros, the CAC 40 rising high.

The results of Vivendi (1.21% to 19.680 euros), AXA (-0.26% to 15.105 euros), Bouygues (2.07% to 37.425 euros), Areva (-1.32% to 375 euros) or Michelin (-0.06% to 52.47 euros) are also expected.

Renault (-0.37% to 34.620 euros) has announced the acquisition of interests between the group, its Japanese partner Nissan and Germany's Daimler had been made Wednesday. The three groups have formalized their alliance in early April for three to share technologies and reduce costs.

The U.S. unemployment statistics in the heart of the day

On the macroeconomic front, the day will, however, less responsible.By midmorning, the German Federal Labour Office has reported a decline of 68,000 in the number of jobseekers in seasonally adjusted data, to 3.285 million, while economists were expecting an average decline of 10,000. Around 14:30, the investors will also monitor the weekly claims for unemployment benefits in the United States, and economic confidence in April in the euro area.

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The president denies having engaged in this campaign, including during his trips to the provinces. "I did not give instructions to vote and I will not do. But agree it would be strange if I'm the only one able to explain the issue of regional elections! ". As for the convening of leaders of the campaign in the Ile-de-France, President irritated "those controversies which are permanent loss of valuable time in France": "What has he wonder that I meet with elected Ile-de-France while I myself am an elected official in this region since 1977? ". Concerned by the record abstention rate announced for the election, Nicolas Sarkozy asked the French to vote "is also a civic duty."

The consequences of the ballot

"I am of course aware that the French would say."But Nicolas Sarkozy is very clear: "The election of 14 and 21 March is a regional election: its consequences are so regional. Stressing the need for some stability to the government action, the President cited the example of the longevity record of Christine Lagarde – Minister to only be quoted in the interview – the Ministry of Finance: two and a half years. The president may be considering a "new step" but only after the pension reform – a text should be submitted to parliament in September – even if it does not by that "some governmental adaptation.

On the debate over national identity

Defending himself for having stopped the debate on national identity before the regional, Nicolas Sarkozy promised "major steps" he announced in April.Quoting the words of Claude L?vi-Strauss' identity is not a disease, "the President considers appropriate for the gathering of the country" think together about the direction that our nation should go to the project, its values .

On the economic and fiscal policy

Convinced that the Strategy on Economic currently followed will bear fruit in 2010, particularly in employment, the President is however concerned about deficits. "The truth is that we want the public expenditure and that the crisis has drastically reduced our income tax" analysis does. But no question of raising taxes, he promises again, "either today or tomorrow." "I do not believe in a policy of austerity that has never worked and is cons-productive."The president has not abandoned the idea of a "social VAT" – a term he rejects – for we must continue to consider ways of financing social protection other than taxing work. The carbon tax will also be the day after a consultation at national and European level.

On pension reform

Following consultations with the unions, the government will make proposals for a text to be tabled in Parliament in September. Nicolas Sarkozy reiterates its commitment to the reform will affect the 21 million private employees and 5 million from the public. And if lengthening the contribution period there must be, it concerns both the private and the public.However, the calculation of pensions (based on six months in the public and the best 25 years in private), the President recalled that staff bonuses are not included as it is in the private. "All these elements must be on the table."

On the popularity of Fran?ois Fillon and a second term.

"If it was not popular, I would say we must change. If it is, I am told it is a problem for you. All this, they are vain conjectures. My only problem is to carry out the reforms expected by the French. Do not create problems where there are none. " As for his decision to represent 2012, Nicolas Sarkozy reiterated that the question is premature."I take position at the end of 2011, taking into account a number of collective and personal criteria.

Future reforms, other major projects, open policy of nuclear burning issue … Find the full interview of Nicolas Sarkozy in Le Figaro Magazine to be published Friday, March 12.

Not less than sixty States have shown in recent years with the Vienna their desire for nuclear reactors to generate electricity. "The expectation in these countries is very strong," said an organizer of the conference. Iran and North Korea, which have violated their international obligations, have not been invited to Paris, unlike Syria and Libya.

Click on image to enlarge.

Regarding turnover, however, performance is online. The group's revenues decline by 3.4% to 34.551 billion euros. Observers expected a decline of 2%.

The group expects an increase in its operating performance in 2010, further reducing costs.

Veolia Environnement intends to pay its shareholders a dividend of 1.21 euro per share for the year 2009. This proposal will be voted at the General Meeting of May 7

More details to follow ….

Around 1530, ACC fell 1.26% to 3.7591,15 points.

"The results of U.S. companies in 2009, better than expected, are completely ignored by markets that focus on three issues: Obama and his banking project, the re-appointment of Ben Bernanke to head the Fed and the organization of economic slowdown China by the Beijing authorities, "said Xavier de Villepion, fund manager at Global Equities.

This decrease in the overall rating takes place amid concerns over banks, while in Davos, experts discuss the modalities of regulation put in place in this sector."Investors fear that they reduce their size or they are prohibited from carrying out activities on their own funds," says Alice Lhabouz, manager Turgot Asset Management.

The morale of French stable consumption in Germany decreased

The publication this morning by the INSEE, a stabilization of the morale of French households had no impact on investors. The moral of households has remained virtually unchanged in January, the indicator is measured taking 1 point to -29 points, sharply up from the lower reaches in late 2008 but still below the average of the last fifteen years.

From the industry side, INSEE also announced that "the balance of opinion on the overall demand in the fourth quarter picked up strongly, thus approaching its long-term average.For the first quarter 2010, demand prospects remain however below the average long-term view of industry expectations.

The corporate failures of August 2009 will, they are known in 12 hours. After Exchange, 18 hours, Pole employment must disclose the number of requests and offers of jobs in December. Globally, the International Labor Office (ILO) has provided figures on employment depressing. "The number of unemployed worldwide reached almost 212 million in 2009 due to an unprecedented increase of 34 million compared to 2007, the eve of the global economic crisis," says the ILO.

In Germany, consumer prices fell 0.6% in January, posting a year increased 0.5%, said Wednesday the Statistics Bureau of Land. In December, prices had risen by 0.8% over the month as the year.

In the United States, all are attentive to the conclusions of the Monetary Policy Committee of the Fed that interest rates will at 20:15. Before that, Americans will unveil the promises of home sales in December (16 hours) and the weekly oil inventories (16:30) free business cards .

Risk arbitrage STMicroelectronics

As for values, STMicroelectronics reported Tuesday after market loss of $ 70 million in the fourth quarter, or 8 cents per share, against a loss of $ 366 million (42 cents per share) a year earlier. But this figure is below expectations of analysts.In exchange, having been one of the few titles CAC 40 to receive up to the opening (0.82%), the action was down in red, mid-session: — 1.20% to 6.03 euro).

Apple must introduce a new product on Wednesday the United States. It should be a new eBook reader electronic touch and connectable to the Internet. France Telecom (-0.53% to 16.77 euros) through Orange and Vivendi (-1.51% to 19.25 euros) via SFR should look at the new "toy" of the Apple brand.

Thomson (-2.82% to 1.03 euros) meets on Wednesday a special general meeting to discuss the restructuring of its debt and the adoption of its new name, Technicolor.

Spir Communication (-1.23% to 21.71 euros) on Tuesday reported a further decline in sales in the fourth quarter, down 11.4%.

Rusal, the Russian mining group, is listed first in Paris and Hong Kong.The group was not well received on the Chinese markets. He lost 10% in early trade. Investors have booked him in Paris the same cold reception: the title lost 11.10% to 17.70 euros.

Areva (-2.24% to 338 euros) and GDF Suez (-0.44% to 28.08 euros) would be full discussion for several months to conclude a partnership in nuclear power, confirming a report in Les Echos. Cependat No information has been taken in this regard.

Klepierre (-2.91% to 26.66 euros) Tuesday announced a turnover in 2009 increased by 22.6% to 246.5 million euros.

AXA (-0.77% to 15.40 euros) recorded an increase of 11% of its turnover in 2009 to 24.5 billion euros.The growth was 14.5% in life insurance.

Inter Parfums (+0.83% at 18.12 euros) for its part, announced a turnover down 6.2% at constant rates for 2009 to 259.2 million euros.

M6 (-0.03% to 19.12 euros) Lafuma (+0.33% to 11.99 euros) should publish their figures for the fourth quarter after market close.

Eiffage (-1.64% to 39.38 euros) will publish its balance sheet in 2009.

Note that the bank this morning are especially misguided: BNP Paribas (-1.04% to 52.15 euros), Credit Agricole (-1.35% to 11.71 euros) and Societe Generale (-0.85% to 43.15 euros) saddled the index, in a heated in Davos.

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