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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.

The CAC 40 has played the card of caution on Friday until 14:30, at which time the United States have communicated their rate of growth (initial estimate) for the second trilestre. After an opening in the red (-0.12%) followed by a brief stint in the green (0.24%), the leading index in Paris was back in negative territory at mid-session: -0.56% to 3631 points. The publication of a growth rate of 2.4% – less than the 2.5% expected by the markets – has a little cooled investors. Suddenly, the CAC 40 has stepped up its fold, which exceeds 1% at 2:45 p.m. to receive) 3613.91 points.

The markets are waiting game: the first estimate of U.S. GDP in the second quarter will indeed be announced this afternoon across the Atlantic.This Friday in Asia as investors remained on the defensive.

Besides GDP, the U.S. will publish the index of consumer sentiment and Chicago PMI.

The interpretation of many important results published before opening is not enough to liven up the coast.

Publication Burst

Alcatel Lucent (8.27% to 2.24 euros) announces revenues of 3.813 billion euros in the second quarter. The group reiterated its outlook for 2010, including an Adjusted operating income of between 1% and 5% of its revenues.

JCDecaux (1.16% to 20.10 euros) on Friday announced a net profit in the first half of 65 million euros.The group anticipates a change in organic revenue for the third quarter less than that of the second with a cash flow of 119 million euros, compared with -1.7 million euros in the first half.

Lafarge (-4.75% to 41.43 euros) has reported a sales increase of 2% to 4.43 billion euros in the second quarter. The company expects a reduction in capital expenditure to less than 1 billion euros in 2011.

EDF (1% to 32.80 euros) announced a net income Group share 1.7 billion euros including a provision for $ 1.1 billion on its North American operations.The group, which should sell its UK electricity networks based on an enterprise value of over 5.5 billion pounds, has announced a delay of two years for his BDU Flamanville.

EADS (2.70% to 18.06 euros) announces a net profit in the first half of 185 million euros and a turnover of 20.3 billion euros.

Schneider Electric (2.14% to 88.25 euros) publishes a turnover of 8.57 billion euros in the first half (+10.5%) of which 4.661 billion (+18.5%) in the second . In an interview with Le Figaro, Jean-Pascal Tricoire, CEO, set an improvement for the second part of the year.

Renault (0.28% to 33.74 euros) issued a revenue increase of 23.1% for the first semester in the same area, to 19.668 billion euros.The constructor returns to the green with profits of 823 million euros.

The reaction of Peugeot (-2.23% to 22.61 euros) will be observed.Also in the automotive industry, Michelin (-1.40% to 58.52 euros) announced a net profit in the first half and said it expects a continued rebound in demand for tires in the second half of the year .

PPR (-0.34% to 102 euros) has announced a net profit after minority interests rose 86.8% to 407 million euros in the first half.

Imerys (+0.27% at 44.59 euros) has reported a net operating income rose sharply to 122 million euros in the first half with a turnover of organic growth of 16%.

Total (1.30% to 38.85 euros) announced adjusted net income for the second quarter of 3 billion euros, up 72%.

CNP Assurances (EUR 15.45 -4.01%) has published a net increase of 8% to 542 million euros and a turnover of 17.697 million euros (+2.4%).

Rhodia (1.14% to 15.93 euros) raised again after its 2010 targets announced Friday results exceeded expectations in the second quarter.

Saint Gobain is optimistic

Saint-Gobain (-2.16% to 32.57 euros) reported a strong rebound in its first half results, while confirming its target of strong growth in operating earnings in 2010.

Capgemini (-1.29% to 35.88 euros) has announced the acquisition of the Swedish IT services Skvader Systems. No financial details were disclosed.

Air Liquide (-0.81% to 85.40 euros) has announced the acquisition of the company Lion Copolymer Geismar American Services.No financial details were disclosed.

Euler Hermes (4.94% to 61.40 euros) has reported net profit more than doubled in the second quarter from the first and said he intended to maintain profitability in a more favorable macroeconomic environment that over the past two years.

Ingenico (5.28% to 19.45 euros) on Thursday posted a net profit increased more than two in the first half thanks to increased transactions in Europe and raised its sales target.

Alten (-0.49% to 22.29 euros) has reported a slight improvement in activity in its sector in the first half. Turnover increased 2.7% to 450.9 million euros over the period.

Flo (-3.7% to 4.43 euros) said that the activity in its restaurants had not yet regained the level that was hers before the crisis, despite the reduction in VAT.The turnover of the group stood in the first half rose 7.6%.

The goals are ambitious but tenable after Pierre Mongin. The head of the RATP said in an interview with Les Echos on Monday he wants to improve efforts to the company's investment this year. The company expects an increase of 10% of these expenditures in 2010 to 1.4 billion euros. "In everything we want to invest 7 billion between 2009 and 2013," he says. These expenses will be allocated to the modernization of the existing network: improving customer service, extending lines, sustainability of the industrial tool. "We have the means to this ambitious policy," explains Pierre Mongin.

The boss of the RATP is excited about the upturn looming gently. In the first five months of the year, the group has recorded 30 million more trips compared to 2009."We feel a tremor on commuting," said Pierre Mongin, which emphasizes a return to positive growth for the RER, barometers of activity (+0.7% -4% against a year ago).

Take a major international

Another ambitious project: the development of Greater Paris. Connect the belt of small suburbs of Paris will require a massive investment of between 20 and 25 billion euros, mainly from local authorities. According to Peter Mangin, the project must be completed in order to "avoid economic decline" in Europe and "be able to create an endogenous growth".

Beyond France and Europe, these investments have the ambition to "bring the RATP in the top 5 worldwide transport companies," said the chief executive of the company.To do this, other acquisitions, following those of certain assets Transdev and Veolia, are possible.

RATP is a turnover of 6.2 billion euros in 2015 against 4.2 billion in 2009. Nearly 25% of these revenues should be generated by subsidiaries outside the Ile-de-France. "The strategic differentiation from our competitors lies in our engineering capabilities. This knowledge gives us advantages comparable to those of EDF Energy, "warns Pierre Mongin.

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The signing took place in presence of Nicolas Sarkozy and Russian President Dmitry Medvedev. Saturday in St. Petersburg, Russian promoter Hermitage is committed by a Memorandum of Understanding with the EPAD to build by early 2016 two towers of 91 floors of a new kind of defense. Today, the skyscraper highest in the business district tu 220 m The twin towers designed by architect Norman Foster-star will climb to 323 m, "a meter below the Eiffel Tower to avoid offending local sensitivities," says Emin Iskenderov, CEO of Hermitage. Importantly, this will be the first high-rise (high rise buildings) mixed in France combining housing, offices and shops.With the key equipment in unprecedented tours: a theater of 1,300 seats, a contemporary art gallery, a five star hotel, restaurants, swimming pools, a student residence …

As for the apartments have a spectacular view of Paris, they will be positioned in the niche market of luxury with a price of 12,000 euros per square meter. A challenge for Defence is not today a prestigious address for individuals and Parisians are not rushing to live in towers.

Introduced in March 2009, the Hermitage Plaza project has also met with some suspicion among the French real estate professionals. First, because this promoter Russia has never built a tower in France. Then because it is a huge operation to two billion euros.

Buildings slated for demolition

But since then, Hermitage has provided some safeguards.Including funding. "We have already invested $ 150 million, Emin Iskenderov details. And in all, we will bring 250 to 280 million euros in equity. Furthermore, we are in advanced discussions with a pool of European banks to grant us a credit line of 700 million. And the marketing of our area we will bring the remaining one billion euros. "According to our information, Hermitage is also negotiating with the Four Seasons hotel group to host one of its locations in the towers. On the marketing of 540 apartments, Emin Iskenderov was also very confident: "I have already received 3,200 letters of prospects who want to buy from us."

Another thorny issue: the relocation of 250 families who lived in the buildings slated for demolition to build the towers Plaza. For now, Hermitage has found a solution for 235 to 250.That leaves five families to relocate in the year. A task is not insurmountable. But there is still a few steps before this project happen. In late July, demand for building permits will be filed. It should be granted in early 2011. And work should start right away. With delivery scheduled for late 2015-early 2016.

Guo Guangchang, chairman of the Chinese group Fosun. (Photo CD)

The oil found 70 dollars

Optimism returns on oil markets. On Thursday, oil prices have ended on a 4% rise to 74.55 dollars in New York, gaining 8% in two sessions. The $ 70 threshold was crossed on the rise Monday and picked up the rebound Wednesday. That day, Brent took $ 2.15 (3.09%) to 71.70 dollars, ending a run of nine consecutive sessions of declines.

"The market has received a good dose of optimism," said Phil Flynn of PFG Best Research. "It was time, prices had fallen by 87-65 dollars." For Ellis Eckland, an independent analyst, "it is a rebound in the wake of the stock markets. People are more optimistic about the fact that the euro will not collapse and less frightened about the economy. " Another factor supporting prices: the six-month extension of the moratorium on offshore oil drilling decided by Barack Obama."The United States derive a third of their crude production offshore drilling if we do drill more, this production may simply disappear", said Ellis Eckland.

But the week was also marked by a one-time relapse occurred below 70 dollars Tuesday. Investors, troubled by geopolitical tensions between the two Koreas, suffered a renewed concerns about the pace of global recovery.

If the courts now seem to settle in the range of 70-75 dollars, the volatility is always present. Especially as the U.S. Agency for Energy Information (EIA) announced that crude oil reserves rose 2.4 million barrels to 365.1 million, exceeding their year's level last at the same time.Economists on average had expected an increase of 200,000 barrels only.

Tuesday, Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah, said he was "not yet" worried by the decline in crude prices. If no emergency meeting of OPEC is scheduled, the oraganisation plans to "call for more respect of production quotas.

Note that oil prices have tumbled more than 20% since the beginning of the month.

Base metals: purchases restart

Prices on the London Metal Exchange (LME) have started to increase last week on the basis of a wave of buying on the cheap. The increase was frankly started Thursday, following the easing of world stock markets after China denied its intention to reduce the share of its assets in euros.The euro strengthened against the dollar, making them more attractive purchases of raw materials with the U.S. currency.

Copper prices have soared to 7,043 dollars per tonne on Friday, a level last seen two weeks. The aluminum prices reached 2,086 dollars per tonne on Friday, their highest in two weeks. Lead, nickel and zinc gained respectively 0.6%, 1.8% and 3.4% payday loans online.

However, caution remains the watchword. The price volatility is high as evidenced by the slowing of the rebound Friday after the publication of consumer spending by American households down in April after six consecutive months of increases. Overproduction of copper in Chile and increased reserves of aluminum could also disrupt markets.

Precious metals: the gold recovery

Fell from its pedestal last week, gold has recovered to historical levels last week in favor of a new wave of market stress in midweek. Alarmed by the risks in the euro area, investors have once again flocked to the safe haven, pushing prices up to U.S. $ 1218.47 on Thursday, not far from the record of U.S. $ 1249.40 May 14 On the London Bullion Market, an ounce of gold finished at 1207.50 dollars at auction Friday night, cons 1179.75 dollars the previous Friday.

And the prospects of rising oil prices are good for the yellow metal. According to the World Gold Council (BMC), consumption should be taken this year by the expansion of the jewelry in China and India.

The ounce of silver has followed the movement of gold, finishing at 18.53 dollars Friday, against 17.72 dollars last Friday.The platinum group metals have also returned to form more than the football World Cup in South Africa could lead to tensions on the country's electricity supply. A situation that could force the mining groups to reduce their production. The ounce of platinum finished at 1555 dollars per ounce of palladium finished at 471 dollars against 419 dollars a week earlier.

Corn and soybeans climbed in Chicago

The corn and soybean prices rose Thursday on the Chicago futures market, driven by the exchanges and oil. More broadly, the decline of the dollar against the euro makes U.S. production more attractive for export.A bushel of corn ends at $ 3.60 (1.12%) and soybeans to close an $ 9.38 per bushel (0.48%).

Cocoa prices have in turn touched a new high in London this week, boosted by the prospect of tight supplies and growing global demand. Thursday, cocoa for July delivery climbed to 2,451 pounds in London, prices not seen for 32 years, while the same term contract in New York reached 3018 dollars.

Sugar, for its part failed to continue its rebound from the previous week. On Liffe in London, a tonne of white sugar for August delivery was worth 475.80 pounds on Friday. On the NYBOT U.S. a pound of raw sugar for July delivery was worth 14.83 cents.

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As he finished 2009 with growth of 6% while it had begun with a fall of 14.5% in the first quarter, Turkey began a spectacular end to the crisis that has been entered in the recession a year ago. For 2010, the IMF puts growth in Turkish head of those emerging countries.

It has these good results and promising of these forecasts, the Turkish prime minister's visit to France, boast of the advantages of its economy. Over two hundred French entrepreneurs must meet Recep Tayyip Erdogan Medef Wednesday afternoon.

France is the second largest foreign investor in Turkey, with 593 million euros invested in 2009, while Renault has traditionally absorbs about a quarter. All the major French companies now rely on the potential of the 17th world economy.Leroy Merlin opened last week its first store in Bursa, a city in the West, Alcatel has opened a research and development center in Istanbul in March, Accor already has eight hotels and Axa is the first insurance company .

The weak link of the French presence remains that of SMEs. Only 40% of the 325 French companies are SMEs, disability compared to the Germans or Italians. However, "intensive trade between the chambers of commerce and regional partnerships are being put in place," says Raphael Esposito, director of the French Chamber of Commerce in Turkey payday loan online.The environment sector looks particularly promising: the investment required for compliance with European standards is estimated at 70 billion euros in the next decade.

GDF ranks in Istanbul

Last year, bilateral trade totaled nearly 10 billion euros – the goal is to reach 15 billion euros in 2012 – and France became the 6th supplier of Turkey and its second largest client. "The sales volume has risen despite the crisis, welcomed a Turkish businessman T?siad member of the influential business association. Tensions are benefits and political tensions between the two countries save us. " In 2006, a bill to criminalize denial of Armenian genocide triggered a boycott of hexagonal Turkey.Paris's opposition to its entry into the European Union is still felt in the public tenders. Gaz de France is in line for the privatization of gas distribution network of Istanbul. But it is the Koreans who have signed a preliminary agreement in March to build the first nuclear power plant in Turkey.

Finally, the Franco-Turkish partnership in third countries represent a new avenue of cooperation. The French can benefit from the settlement of Turks in the Middle East and Central Asia and the Turks take advantage of the French presence in North Africa.

Year End Spectacular for the U.S. economy. According growth reached 5.7% in the fourth quarter. Economists had forecast between 4.7% and 5.4%.

This unexpected development will limit the historical downfall of GDP over the year to -2.4%. The U.S. economy had not experienced such a decline since 1946.

In the fourth quarter, growth was supported by the recovery in business inventories, the resumption of investment and exports, says the Federal Bureau of Statistics payday loans for bad credit . In addition, imports, which are deducted from GDP, slowed. These factors have offset the slowdown in federal spending and household consumption.

Optimism is back in the Paris Bourse in mid-afternoon Thursday, while U.S. statistics, published at 14:30, emerged in below expectations. ACC back above the 4,000-point mark.

The number of registered unemployed in the United States was up more than expected during the week ending January 9, according to figures released Thursday by the Labor Department.In data adjusted for seasonal variations, these weekly applications for unemployment benefits rose for the second consecutive week to 444,000 against 433,000 (revised) the previous week.

Another disappointment, retail sales in the U.S. fell against all odds in December, according to official figures released Thursday in Washington, but this masks a bad performance review of their surge up the previous two months.

Around 15.15, the CAC 40 yields 0.08%, to 3997 points, passing under the 4,000 points.

Investors will also pay attention to the news conference the Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn, at 16 hours and the speech of the Governing Council of the ECB.

The latter announced that its key policy rate should remain at 1% level where it remains since May 2009.In the U.S., retail sales for December at 14.30, the import price for the same month at the same time, as well as requests weekly unemployment benefits will be scrutinized.

As for currencies, the euro decreased again. The European currency fell by 0.13% to 1.4503 dollars. For raw materials, oil appears in sharp decline. The barrel of light sweet crude for February delivery lost 2.84% to 79.29 dollars, while that of Brent North Sea at the same maturity, lost 2.40% to 77.76 dollars. Oil stocks have risen more than expected last week in the United States.

Ubisoft suffers

The Renault Group (Renault, Dacia, Samsung and Lada) in 2009 recorded a decrease of 3.1% of its global sales to 2.3 million vehicles in global market decline of 3.7% and a slight increase its market share (+0.1 percentage points to 3.7%), it intends to strengthen in 2010. Figures similar to those unveiled by Peugeot (+1.47%) a few days ago. After gleaning 0.1% at the opening, title coward 0.43% to 39.32 euros in mid-session.

The French game publisher Ubisoft video Wednesday revised downward its financial targets for its fiscal year 2009/2010 lagged, partly because of disappointing sales of some games and the postponement of several launches. Sanction Immediate Exchange: action coward 4.67%, to 9.6 euros. It is the largest decline of the SBF 120.

GDF Suez has announced the sale to Shell Egypt for a 20% concession in the Alam El Shawish, and keeps 25%.The sign under the worst performance of the ACC with a decline of 2.21% to 29.16 euros.

The group Vivendi (+0.2% at 21.02 euros), which challenged the participation of two of its shareholders and Adam collective proceedings conducted in the United States, was dismissed Wednesday by the Tribunal de Grande Instance Paris.

The French ready-to-wear Camaieu (+4.89% to 148.94 euros) plans to continue its development policy in 2010 and plans to open nearly a hundred shops.

bioM?rieux (+3.12% at 83.02 euros) on Thursday announced the acquisition of Meikang Biotech, a Chinese manufacturer of rapid tests, and its production site in Shanghai. Vet'Affaires (7.38%) reported a turnover of 92.7 million euros in 2009. Riber (-2.80%) confirmed its net profit target for 2009.

This is the second day of strike in the Paris airports (ADP).A two flights was canceled Thursday morning following the request of the Directorate General of Civil Aviation (DGCA) to Orly airport, the second day of strike among air traffic controllers, has been a journalist from AFP . The action takes ADP 0.68% to 57.81 euros.

A monitor also: Pernod Ricard (-0.05%)) who will make a point about its business. Carrefour (-0.53%) will release its annual results after the stock market.