International News

In the wake of the Asian stock markets, down sharply this morning despite a slight improvement at the end, the financial center of Paris has long been reluctant to choose how to behave on Tuesday … In response to fears about economic recovery and the financial situation of countries The Paris index has been a roller coaster since the opening, from an initial technical rebound (2%), a new panic attacks (-3.08%) in the morning and a recovery in midday (0.82% to 3150.70 points). The Paris index is even pressed for less than a minute to below 3000 points, a threshold that had not crossed since July 13, 2009. Finally, the Cac 40 shows a gain of 1.63% to 3176.19 points, ending at eleven consecutive sessions of declines.

Volumes were again extremely high (nearly 7 billion euros), all displaying European stock exchanges by mid-day trading levels higher than their usual daily average.

The recovery technique recorded by Paris is divided into Europe: London won 1.89%, 2.80% Brussels, Amsterdam, 1.30%, Milan (0.52%) 0.60% and Brussels. Conversely, the Dax in Frankfurt (-0.10%) and Madrid (-0.04%) remained in the red

Pic of volatility

This new session, which was a bit of all the dangers Monday after a black market, was held in extreme nervousness. With a drop of 18% of the index in Paris in eleven sessions, the Cac 40 was defeated Monday again his record consecutive bearish sessions.In addition, the volatility (the highest for two and a half years as the VIX (16.7%), shows that investors are not convinced by measures taken in Europe and the United States for fiscal consolidation and boost growth.

Even the 2 billion euros pledged by the European Central Bank (ECB) on Monday to buy back bonds in Italy and Spain, have yielded only very temporarily a little breath on the markets. According to a consensus of managers interviewed by Reuters, the institution should indeed buy at least 100 billion of sovereign debt in Spain and Italy to strengthen the euro area and reduce the pressure on the markets.However, the relaxation on the 10-year rates of the two countries is continuing this morning, those of Spain from below 5%, while those in Italy were approaching that threshold.

Moreover, the lack of effect on the markets of the intervention of U.S. President Barack Obama shows that political speech has no impact on investors, beyond the break-off. This has not prevented the U.S. Treasury Secretary Timothy Geithner, to find that governments and central banks, have "largely on the margin" to address the crisis.European side, the statements are also increasing, Jean-Claude Trichet, ECB president, on Tuesday called on governments to "do their job" and put in place as soon as possible bailout of Greece, adopted on 21 July.

Policy responses are not sufficient to calm the

Is it possible? Hard to say, as investor psychology seems to look for a disability policy to find new tools to address the current crisis. For two weeks, no action relieves durablementles markets and break the vicious circle in which is immersed the Paris index.From this point of view, no new ones are expected at the meeting on the macroeconomic front.

The eyes are still turned to the United States, where the Monetary Policy Committee of the U.S. Federal Reserve (Fed) will hold a highly anticipated meeting this afternoon to decide on measures against the risk of a further slowdown in growth. The conclusions of this meeting, however, should not be made public until 20:15, Paris time, and will therefore not affect the European markets.

In this dark period, is good news also came on the morning of the Budget Ministry, which reported just before a stock market stabilization French public deficit at the end of June, to 61.3 billion euros.

Moreover, according to figures released this afternoon by INSEE, the price of oil in dollars recovered in July (+2.3%) after declining by 1% in JuneThe price of imported industrial raw materials has, too, bounced: 1.9% in July, against 0.2% a month earlier. Same trend for raw food (+1.0% after -0.8%).

For its part, the Organization of Petroleum Exporting Countries (OPEC) also lowered its demand forecasts for 2011. In its monthly report published on Tuesday, the organization expects a demand for crude to 88.14 million barrels per day (bpd), against 88.18 million bpd set before.

The barrel still under pressure

The report is closely watched, the price of oil is very strong pressure for 15 days under the effect of the downward revision of demand forecasts. A decline which continued Tuesday, but less than the opening.In electronic trading in Asia, the "light sweet crude" for dropped below 80 dollars (78.92 dollars in mid-day) while the barrel of Brent crude down $ 100 for the floor, then back to 101.04 dollars.

As for the exchange, finally, the single European currency regained color against the greenback until the Fed meeting tonight, the euro climbed to 1.4234 dollars at 8 o'clock, against 1.4179 late Monday. Note that the face of these uncertainties, gold enjoys full status as a safe haven, record after record signing. The ounce finished on a further rise Tuesday in Hong Kong dollars to 1753.50, after hitting a new record for the session at 1772.09 dollars.

Side analysts, speeches remain cautious, noting that "the large volumes show that we are not in a sluggish market, typical of the holiday, but in a situation of significant liquidations of positions, as and when traders' confidence evaporates, "according to Jonathan Sudaria Capital Spreads.

The side of values ​​to follow:

Financials bounce (BNP Paribas takes 0.06% to 39.33 euros, Societe Generale advance of 3.54% to 26.01 euros and Credit Agricole gleans 1.94% to 6.88 euros). Natixis (+2% to 2.95 euros) goes back more vigorously the slope, as Axa (2.23 to 11.23 euros).Faced with the sharp fall in equity markets, the Financial Markets Authority (AMF) did not consider it unnecessary at this stage to ban short selling in these securities, said Monday a spokesman for the regulator stock.

Alcatel-Lucent (9.22% to 2.42) shows the largest increase in the ACC after losing 31.5% over the past two weeks.

GDF Suez (1.01% to 20.02 euros). the group has reached an agreement with the Chinese sovereign wealth fund CIC. Beijing will take a pole in its exploration and production investments and participate in the French group in Asia Pacific, told Reuters on Monday sources familiar with the matter.

Archos (- 5.50% to 6.87 euros). The specialist tablets unveiled Monday a net profit after market semi-annual 1.7 million euros against a loss a year earlier.The group also confirmed its objective of a gross margin above 20% for the full year.

Euro Disney (12.68% to 5.60 euros) reported, shortly before the opening of the Exchange, an increase of 7% of its quarterly revenue (T3), to 344 million euros and announced an increase in spending per visitor.

After rebounding to 1.66% at the beginning and spent all morning in the green, the Cac 40 was pressed into the red in mid-session, before sinking further into negative territory at the opening of Wall Street. Shortly after the speech by Jean-Claude Trichet, as markets accentuated their losses, the distribution of all European indices, including the benchmark index of the Paris Stock Exchange, operated by NYSE Euronext, has been unavailable for almost a hours on Thursday due to a technical problem. The CAC 40 was finally ended on a plummeting 3.90% to 3320.35 points, its lowest level since July 28, 2009. After losing 134.59 points on the session, he signed the ninth session of consecutive decline, a new series in September 2002 and the end of the internet bubble burst. Since July 1, the benchmark index in Paris dropped nearly 17%.

The panic was the same on all stock exchanges in Europe: the FTSE-100 from the London Stock Exchange closed on a fall of 3.43% to 5393.14 points, its worst since the two September. The Dax in Frankfurt Stock Exchange ended down 3.40% to 6414.76 points. The Madrid Stock Exchange drops 3.89%, below 9000 points.

The diffusion index star of the Milan Stock Exchange, the FTSE Eb, it is suspended since 3:05 p.m. GMT when he fell more than 3%, announced the financial manager without explanation.

In the process, the Dow Jones on Wall Street was down 2.96% at 11,545 points.

Lower cost of debt Italian and Spanish

Financial markets were not convinced by the meeting of the Board of Governors of the European Central Bank. This has not surprisingly left its rate unchanged at 1.50%.Above all, the ECB president, Jean-Claude Trichet said the share repurchase program of continued monetary institution, but would concern "that the Irish and Portuguese bonds" and not "those of other nationalities" .

After the award in Madrid some 3.3 billion of bonds with three and four years, the yield of the loan in ten years Spanish retreated 6.09% to around 11 hours (Paris time) against 6.35 % late Wednesday. The Spanish Treasury also announced it was canceling its bond issue, scheduled for Aug. 18. The rate of return of Italian ten-year paper fell, meanwhile, up 5.97% before stabilizing at around 6% against 6.10% the previous day.

On the currency markets, the euro falling 1.26% against the dollar at 1.4167 dollar. Oil is also displayed down 1.47% in New York at 90.58 dollars.For its part, the ounce of gold hit a new addition Thursday historical 1677.90 dollars on fears the global economy and becoming bogged down again in the wake of the conference of ECB President Jean -Claude Trichet.

On the corporate side, both companies have published this morning, Veolia Environnement and Axa.

Veolia Environnement: -9.44% to 12.95 euros – the largest drop Cac

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."

Axa: + 3.08% to 12.40 euros – the largest increase Cac 40

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

Bonduelle: -2.06% to 64.15 euros

Bonduelle has increased from 10.7% in sales from 2010 to 2011. Sales of specialist canned vegetables and frozen emerge to 1726 million.The group confirmed its annual targets.

Vinci: -1.60% to 36.92 euros

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: + 5.11% to 76.99 euros

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.

Hermes: -0.57% to 234 euros

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: -2.59% to 32 euros

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).

Natixis (-0.10% to 2.923 euros) and Dexia will publish its second quarter results after market close.

• Krys up big on Sun's

With Ray-Ban sunglasses, Sonia Rykiel or Armani 20% to 25% cheaper than the competition, the optician's Mon has seduced those who care about their spending, not to mention fashion. The group teaches Krys, an industry leader, was mostly created in 2009 to "anticipate the future perspective" with the rise of Internet players, the price will weigh more in the choice of this product . Fifteen stores Mon's, which also offer own branded glasses, are open this year, bringing the total to 30, while Krys already provides 200 points of sale in 2015.

• Total station experiences cheap

For over a year, the oil company is testing stations at low prices: 35 sites at baseline and 45 today – a fleet of approximately 2,000 outlets in total teaching, both in that city rural areas.Prices are likely to compete with supermarkets. For now, the group has not yet decided whether to extend the scheme. It will decide by the end of the year. The stations are scratched Total test, but it is not excluded that the group, he continues the adventure, is launching a new brand.

• Banks and insurers are betting on the Internet

They reject the term "low cost", but apply much revenue. In recent years, banks and insurance companies through subsidiaries disclaim Internet offerings of financial services at bargain prices and a la carte. ING Direct, the subsidiary of Dutch bank insurer, launched in 1997 this model of online banking. In France, Societe Generale offers a comprehensive range of services via Boursorama. Crédit Agricole target customers for its part with its private banking heritage online BforBank.As for the insurers, Groupama reserves its offer car insurance "Pay as you drive" customers of its subsidiary Amaguiz.

• Renault continues to expand the range of the Logan

Since its launch in 2004, the success of low-cost car for Renault, the only Western manufacturer to attempt the challenge, continues to grow. The group passed last year 685,000 low-cost vehicles, or 26% of its sales. Best of all, they bring him an operating margin above 6%. Logan began with the rustic to 7600 euros, the range now includes six models, the Sandero and the small 4 × 4 Duster. Originally designed for emerging countries, it paradoxically creates a strong demand in Europe, where it is marketed under the Dacia brand, produced in Romania. Tanger Factory (opening in 2012) will manufacture two new variations.Internationally, the range, made locally, is sold under the Renault brand. It is the spearhead of the group's expansion in Russia and Latin America.

• With Transavia, Air France attempting a takeoff in the low-cost

No way to leave Ryanair and easyJet monopoly on flights at bargain prices. Air France launched in spring 2007 its own low-cost airline, called Transavia, which carried 1.3 million passengers last year. From Orly-Sud, Lyon, Nantes and Marseille, eight Boeing 737-800 provide scheduled and unscheduled, mainly to the Mediterranean countries. These destinations are not served by Air France. The group does not wish to organize their own competition in order to avoid any risk of cannibalization. A draft Domestic Transavia has been abandoned.

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"Orange is embarking on the low-cost for counter Free

Against all odds, the enthusiasm of the French for the stone has not really denied the first half. After the euphoria of 2010, rising prices and rising interest rates on loans, the housing market remained strong. Despite a decline in the second quarter, the production of housing loans has increased by 17.5% year on year, according to the study by the home loan / APF.

"The demand does not seem to have reacted to the rise in interest rates," says Michel Mouillart, professor of economics at the University of Paris X-Nanterre, who led the study. However, credit rates climb since November 2010."After increasing by 0.1% per month between November 2010 and late March, they rose by 0.5% per month in the second quarter." As a result, rates increased from 3.22% (excluding insurance) on average in October 2010 to 3.9% in late June, returning to their levels of September 2009 or "even in the summer of 2006, when the market was booming."

For borrowers, this change is not painless. For a loan of 200,000 euros over twenty years, the monthly payment rose from 1,160 euros in October 2010 (with a rate of 3.5% excluding insurance) to 1244 euros today (with a rate of 4.3%) by Empruntis . com.

Longer loan periods

In seven months, the total cost of this loan was therefore adds more than 20,000 euros, 78,400 euros from 98,560 in October.However, the recent rise in rates could be partly offset by a lengthening of the duration of loan (215 months on average in June) and the significant increase in the personal contribution (10.5%) coming in part of the first resale of property.

In Ile-de-France and the rise of the personal contribution is the fastest. "If there are significant cost differences, but they are erased when comparing income levels," Michel Mouillart into perspective. In 2010, the average cost of an acquisition accounted for an average 5.8 years of income, against 5.5 at the national level. "We're trying to restore the normal activity of normal and resale market. When he is returned to the pace that it had before the crisis, the price growth will be slower, "predicts Michael Mouillart. It anticipates higher prices in the former between 6% and 7%, but with wide regional disparities.But the market for home ownership could slow. "The year is expected to stabilize the production credit," predicted Michael Mouillart.

As for lending rates, they should not move at short notice. But "it is very unlikely to go down ', say experts.

Insensitive to the new this morning reported last night, after-hours trading, the rating agency Moody's downgraded four notches of the long-term rating of Portugal, the Cac 40 back into the red. By mid afternoon, the stock index was down 0.59% to 3955.48 points. Moody's does not trust the program "ambitious" in the words of the new government which includes to reduce the country's deficit from 9.1% to 5.9% this year, and 3% by 2013, and believes it is likely that Portugal needs a new aid in addition to 78 billion decided last May.

In addition, major banks and international insurers have go to Paris again today to discuss how they are expected to attend the next Plan aid to Greece. Chaired by the Institute of International Finance in the presence of several countries, this meeting should not be decisive.According to one familiar with the matter, the Minister of Economy Baroin believes that the negotiations will not end until "several weeks beyond the summer."

Finally, China has raised interest rates Wednesday for the third consecutive time this year by 25 basis points from February to April. The rates of the Chinese central bank now stands at 6.56%.

Yesterday, the Cac 40 ended on a decline of 0.61% and dropped below the 4,000 points, while this morning in Asia, stock markets are mixed – only the Nikkei stands out with a strong increase of 1.1 % – after a session on Wall Street in a disorganized manner.

The euro widens its losses against the dollar

On the currency side, the euro fell sharply against the dollar on Wednesday, weighed down by renewed worries about the economic health of the most fragile countries in the euro area.Mid-afternoon in Paris, the single European currency was worth 1.4325 dollars against 1.4418 dollars late Tuesday.

On the macroeconomic front, the German industrial orders rose 1.8% in May after rising 2.9% in April according to a slightly revised upwards, said Thursday the Ministry of Economy . It now expects the annual Arcep to 15 hours and the economic outlook for the euro area in 16 hours.Overseas, we will monitor the ISM index of activity in the service in June in 16 hours and the weekly inventory of crude oil after half an hour.

Casa loses CFO

Sodexo (-0.07% to 53.91 euros) on Wednesday confirmed its targets from 2010 to 2011, announcing an increase of 7.7% of sales in the first 9 months of the year in which emerging markets achieved growth rates in double digits.

The manufacturer Gemalto smart card (0.32% to 33.33 euros), the world, announced Tuesday it has been selected by Qatar to secure its online public services, after developing a national identity card e for Qatari nationals.

Bank stocks remain under pressure, affected by concerns surrounding the euro area after the rating is downgraded by Moody's from Portugal and the slow pace of discussions on Greece unsecured personal loans.Mid-session, BNP Paribas was down 1.70% to 51.41 euros, Societe Generale of 2.17% to 40.25 euros and Natixis 2.32% to 3.45 euros. Credit Agricole SA (-3.53% to 9.98 euros, the largest decline CAC) announced the day before the departure of its chief financial Badré Bertrand, completing an overhaul of the General Staff of the French bank since the arrival of the new management team in early 2010.

Dia hard discount to the company being divided of Carrefour (-2.38% to 23.58 euros), fell on his first day of trading Tuesday in Madrid Stock Exchange. In addition, the band recorded new setbacks Tuesday in his attempt to form the leading Brazilian distribution.

EADS (+0.38% at 23.64 euros).AirAsia will buy 100 Airbus 320neo more, bringing its total order to 300 aircraft, said a source with knowledge of the agreement.

Air France-KLM (-1.10% to 10.80 euros) anticipates an annual growth in turnover of at least 20% in China.

Renault searched, unscrews Scor

The IPO of Mauna Kea (15.03% to 15.03 euros) on Thursday will take place over 13 euros per share, the top of the range that had set the French manufacturer of equipment 'endomicroscopy for placement on NYSE Euronext.

Groups rated television (TF1, Metropole TV, Bolloré, NextRadioTV) will be in Paris to follow.The gross advertising revenue duty of television amounted to 4.29 billion euros in the first half, up more than 12% over the same period a year earlier, said Tuesday firm specializing Yacast.

Scor (-2.84% to 18.99 euros) announced that the exceptionally high cost of natural disasters in the first quarter led him to issue up to 75 million shares to strengthen its equity as part of an automatic protection.

The examining magistrate Herve Robert, in charge of the investigation into the case of pseudo-intelligence within Renault (-0.52% to 40.92 euros), visited Tuesday the premises of the manufacturer at Plessis -Robinson (Hauts-de-Seine) to view documents, said the lawyer for Renault.In addition, the group expects its second half sales results are better than the first half of the year, said deputy director general of the group, Carlos Tavares.

The businessman Bernard Arnault, CEO of luxury group LVMH (+0.16% to 127.25 euros), retains the top spot of the professional fortunes of France, with 21.24 billion euros, before Gerard Mulliez and Liliane Bettencourt, according to a ranking published yesterday Challenges.

L'Oreal (0.55% to 90.02 euros). Françoise Bettencourt Meyers Thursday filed a motion requesting the revocation of the mandate to protect his mother, while urging the judge of guardianships in Courbevoie (Hauts-de-Seine) to take legal action, said Tuesday in an AFP judicial source.

Tenders for the smart grid and waste recovery, today announced the first six institutes of technology and equipment of the first wave of excellence, creation of national fund boot which will have 400 million to invest in young innovative companies … Just in recent days, the operations related to the investment program for the future have not failed! And it lasts for eighteen months …

The program, which must prepare "the France of tomorrow" will be the subject of the press conference of head of state this morning. "Nicolas Sarkozy is that this topic is important and can not talk enough about this initiative should restore the competitiveness of France," said his entourage. Yet René Ricol leads to the rod.Appointed commissioner-general for investment to drive the program, the former ombudsman of credit has one goal in mind: to create wealth and employment in France over time.

In December 2009, Nicolas Sarkozy set the priorities for the future supported by the large loan. Following the recommendations of the report Rocard-Juppe, he announced 35 billion euros of investment and ultimately rejected the idea of ​​a popular loan – a form of financing too costly at a time when the debt of France is under the eye markets. Five priorities were identified: higher education and training, research, industry and SME development and finally digital. Today, all 35 billion euros is in the hands of the public operators (ADEME, OSEO, the CDC …) that are responsible for distributing the money.

The concern comes on Wednesday in U.S. markets. At the close, the Dow Jones, who was sitting in the balance, lost 0.65% at 12,111 points, the Nasdaq 0.67% to loose 2669 points and the S & P was down 0.64% to 1287 points. On Tuesday, the New York Stock Exchange finished sharply higher.

Markets have plunged into the red after the speech of the U.S. central bank. This has lowered its growth forecast for the year and maintained its interest rates near zero.

These announcements were sealed atmosphere. But Wall Street seemed relieved by the vote of confidence of the Greek Parliament in the new government. In fact, last night, the Greek Prime Minister George Papandreou, was full of socialist votes. But despite the vote of that night, Greece remained in a serious situation.The country needs to pass before June 30, the austerity plan that provides savings of 28.4 billion and 50 billion privatization until 2015. On the foreign exchange market, the vote of confidence of the Greek Parliament supports a slight decline in the European currency. At the time of the opening, the single currency was worth 1.4402 dollars against 1.4408 late Tuesday.

In terms of oil, U.S. crude stocks fell more than expected last week, said Wednesday the U.S. Agency for Energy Information (EIA). On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for delivery in August finished at 95.41 dollars, up $ 1.24 from the previous day.

Rain orders for Boeing at Le Bourget

The U.S. aircraft manufacturer Boeing (-2.50% to 72.13 dollars) is particularly surrounding this Wednesday while orders are pouring at Paris Air Show.The U.S. should, however, is exceeded by its European rival Airbus.

Always on the side of values, after the close of Wall Street Adobe Systems (-6.26% to 30.01 dollars) announced a 54% increase in earnings in the second quarter thanks to strong demand for its software, despite a depressed economic conditions. The leading design software has reported a net profit of $ 229.4 million, or 45 cents a share, against 148.6 million (28 cents) a year earlier. Excluding items, earnings per share were 55 cents, while the consensus gave 51 cents.Revenues increased 9% to $ 1.02 billion.

Also in the technology sector, Apple (-0.81% to 322.67 dollars) could launch the new version of the iPhone in September and work on a version of the famous low-cost phone.

The search engine Google (-1.22% to 487.01 dollars) has crossed the symbolic threshold of one billion unique visitors last month. This is the first online service to achieve this level of attendance, according to data collected by comScore. Microsoft sites (-0.46% to 24.65 dollars), however, follow closely with nearly 900,000 unique visitors in May

For his part, Jabil Circuit (3.29% to 19.47 dollars) made from earnings per share in the third quarter of $ 0.58 against $ 0.57 and $ 0.25 expected last year.Turnover reached 4.23 billion dollars against 4.14 billion expected.

U.S. bank JP Morgan (-0.54% to 40.69 dollars) is ordered to pay $ 153.6 million for taking positions against one of its own customers, the fund Magnetar. The Securities and Exchange Commission (SEC), gendarme market, estimates that JPMorgan did not inform his client of positions on a lower mortgage when he invited him to invest. Also note, JP Morgan announced Wednesday the launch of its offer of "prime brokerage" services (investment funds) in Europe.

The shareholders of National Semiconductor (-0.36% to 24.65 dollars) approved the acquisition of Texas Instruments.

Western Union (-1.90% to 19.59 dollars) announced an agreement with Serviban that will allow the launch of an international service PAYMENTS Peru.

William Multrier, the CEO of Aegis Media France, leaves office. Present since 2005 in the first group of consulting and media buying in France, he was appointed head of the French subsidiary of British group Aegis in 2009. However, the leader, now forty years old, opted to develop its own projects. Indeed, it is the majority shareholder of Webedia group he founded in 2007 and home to sites like Purepeople.com, Puretrend.com, Purefans.com, but Puremedias formerly Ozap.com bought a few months ago M6. This group should post a turnover of nearly 15 million euros in 2011 and "several million" statement business cards design.Guillaume Multrier, "it became indeed difficult to be both at the head of a media agency and several activities in the media."

However, William Multrier should remain in the group until the end of the year. "I want to help customers but also help the group Aegis to organize my estate and to find my successor," he told Le Figaro.

Aegis Media France is the first French media agency, shoulder to shoulder with Havas (Havas Media). It is also one of Aegis Group's main subsidiaries, which totaled in 2010 a total turnover of 1.68 billion euros.

Asian markets are opting for the green on Tuesday. Investors do not follow the trend driven by the U.S. markets which closed Monday on a mixed note after the announcement of a new and severe degradation of the Greek debt three notches by S & P.

In Japan, the Nikkei, which had begun the day on a stable tone (+0.04%) has increased its gains during the day. At a time of closure, it rises from 1.11% to 9553 points. This good mood follows the announcement by the country's Central Bank (BoJ), keeping its key rate from 0.0% to 0.1%. Objective: To counter the negative effects of the earthquake of 11 March and deflation affect the growth of the archipelago. The BoJ also opens a new line of credit of 500 billion yen (4.4 billion euros) "for equity investment and loans secured by assets. Each bank will receive up to 50 billion yen.

The markets also welcomed the positive endorsement by the government, a bill designed to help Tokyo Electric Power (TEPCO) to compensate thousands of people affected by the nuclear disaster at Fukushima. This text, which would create an agency to handle complaints against TEPCO has yet to be adopted by Parliament. The title of the utility increases from 22.11% to 243 yen in mid-session.

Still on values, Nissan earn 2.55% to 804 yen. The manufacturer has yet announced that he would be forced to delay production in the United States of Leaf and his electric car should not hold its goals because of the consequences of the earthquake of March in Japan guaranteed high risk personal loans.

Hong Kong and Shanghai up

Elsewhere, the trend is green. The Hang Seng Stock Exchange of Hong Kong up 0.22% while the Shanghai Composite is 1.01%.Yet the macroeconomic announcements are mixed on Tuesday. Inflation of consumer prices in China accelerated in May to 5.5% year on year, according to official statistics released Tuesday, a highest in almost three years. The waiting économiqtes inflation to 5.4%. By contrast, industrial production was up by 13.3% in May over a year and investment in fixed capital rose sharply in the first five months of the year, with 25.8% increase compared to the same period of 2010.

In Korea, the Kospi followed suit and won 1.42%. The S & P is 0.17% Australian and Indian Sensex rises by 0.42%.

Oil down

In contrast, oil prices were trending down Tuesday in electronic trading in Asia, after lowering by Standard & Poor's rating of the long-term debt of Greece and the publication of figures inflation in China, analysts said.

In morning trading, a barrel of light sweet crude for July delivery lost 24 cents 97.06 dollars. That of Brent North Sea crude for delivery same retreated 17 cents to 118.93 dollars.

General mobilization. In just one week the opening of the Salon International Air and Space in Le Bourget, the site was transformed into a gigantic construction site. Some 10,000 people are at work worth tens of trades. An endless stream of 10 000 trucks carries a broom incessant. In six months, "we are building the equivalent of a town of 20,000 inhabitants has the largest restaurant in France. This temporary city for seven days receives 350,000 visitors, "says Gilles Fournier, Director General of Fair which celebrates its 49th edition.

The countdown has begun a year before. The Association of French manufacturers of aerospace and space (Gifas) entrusts its commercial arm, SIAE with l5 permanent organization of the largest airshow in the world – which takes place every two years alternating with the Farnborough event UK.The marketing of 217,000 square meters of exhibition divided between 6 halls (54,000 square meters), cottages business (35 000 sq.m.) and surface static display of aircraft (130 000 sqm) is launched. The team grows in strength and currently has 2500 people.

In January, the entire exhibition space was sold, never seen by Gifas. Exhibition Place, built in 1953, was renovated with an investment of 15 million euros. Meanwhile, the ESIS gives the kickoff of the construction giant. It starts with a shuttle trailers between Le Bourget and Chalons-en-Champagne. This town of Marne welcomes its periphery warehouses rented by SIAE order to repair, maintain and store the 350 cottages. Once conveyed to Le Bourget, they are reassembled on site. Mid-May, the assembly of the equivalent of 2 km cottage is almost completed.

They are willing delivered "naked" to exhibitors who have previously chosen from among several options: with or without terrace, with or without garden, sliding glass doors or not … On average, renting a cottage costs 30 000 euros all related services: water, Wi-Fi, electricity, telecommunications … "The interior design, decoration, catering or direct services are the responsibility of the exhibitor," said Louis Le Portz, Commissioner General of the show. The layout of the chalets, exhibition halls and pavilions begin five to six weeks before June 20 The designers are at work. Tons of carpet, furniture, carpets, curtains, decorative items, tableware, vases, … refrigerators are delivered.

The temperature rises because the clock is ticking. The risks multiply.In conjunction with the Departmental Directorate of Labour, the organizers ensure that companies and their subcontractors comply with French law. No question of allowing Chinese workers to sleep on site and work at night! Checks are also made with security companies and cleaning. Meanwhile, SIAE is recruiting a thousand people. Among them, 500 guards who work day and night to monitor the site, about 400 hosts and 200 cleaners. With staff hired for the occasion by the exhibitors, "there are more than 4000 people are ready to welcome visitors, provide catering services, and keep the premises clean," says Gilles Fournier.

Solar Impulse, guest of honor

Today, the first aircraft entered the air show and exhibition ground will arrive at Le Bourget.Not easy to "park" 150 planes and 20 helicopters but all find their place assigned in advance. This year, large birds are exposed, including two Boeing B 747-8, world premiere, 1 B 787 Dreamliner and the Airbus A 400 M military

With 1.6 T, the Solar Impulse Bertrand Piccard is a featherweight. The experimental solar device is the guest of honor at the fair. The suspense remains, since a series of incidents have forced on Saturday to make a U-turn, while in flight to Le Bourget, and return to its point of departure for Brussels. Its designer, Bertrand Piccard, however, has not given up being present.

The latest up and the ultimate "dirty rag" will take place Sunday. The festival starts tomorrow. A party whose Paris region expects 500 million economic impact.