International News

Finishing the week? Difficult even within an hour of the closing address. The CAC 40 was indeed well embedded in the green, but 16 hours, the morale of Americans showed degraded. The investors in the United States and Europe reacted immediately.

Around 16.45, the flagship index of Paris evolves close to equilibrium after being tipped into the red. The CAC 40 is around 3930 points. The index of consumer sentiment fell to 72.5 in March against 73.6 in February. Americans are less optimistic about employment prospects.

Earlier on Friday, retail sales in the United States have however withstood the bad weather in February.Against all odds, they rose by 0.3% compared to January (in data seasonally adjusted) while analysts felt they had declined by 0.2%.

This supports other new ad, released Thursday, which was rather reassuring, even if they still underscore the difficulties overseas cheapest one. Like the U.S. trade deficit fell to 37.29 billion dollars from 39.9 billion in January. Other good news side of the labor market "listings weekly unemployment fell to 462,000 from 469,000 the previous week. Perhaps, then, that the ACC will manage to close the week at the Green …

Mixed signals

But some lingering doubts in the markets due to the mixed signals sent to the assumption by the United States, Japan and China.The latter confirmed his great form with a rise in industrial production by 20.7% yoy in January and February, coupled with increased investment in fixed assets of 26.6%. But the United States, the government announced a record budget deficit of 220.909 billion dollars in February, while the decrease in the number of newly unemployed was less than expected, with 462,000 new registrations against 460,000 estimated.

In Japan, meanwhile, lowered its estimates of GDP for the fourth quarter 2009, up 0.9% from the previous quarter, instead of +1.1%. This is in addition a possible credit crunch in China because of rising inflation (2.7% in February).

Firstly, the current account deficit remained virtually stable in France in January over December, to 3.4 billion euros, against 3.3 billion euros in December, by BdF cashadvance .

The automotive sector in the form

The CAC 40 is pulled up by the automotive sector. Renault (+1.85% to 33.885 euros) is the fourth largest increase in the index. It is preceded by Peugeot (+1.90% to 21.990 euros). Far behind Michelin earns 0.46% to 57.19 euros. Valeo lost 0.22% to 24.91 euros.Faurecia is gaining 0.53% to 14.33 euros.

The bank also support document: Credit Agricole (+1.20% to 12.2 euros), BNP Paribas (0.67% to 57.28 euros) and Societe Generale (+1.66% to 44.730 euros) seem announcements have given the Chinese tighten credit.

EADS (-0.07 to 14.840 euros): the controversy swells around the financing of the A400M. Matignon is mulling an appeal to the general loan or option focusing on the state budget.

Pernod Ricard (+0.10% at 60.30 euros) which has launched a bond issue of 1.2 billion euros on Thursday, brought together an order book exceeding 5.5 billion euros. The proceeds from the offering will be used to repay the installments shorter credit union to extend the maturity of the debt.

Total (stable at 39.10 euros) is always under pressure.The CGT oil group called for a resumption of the strike in the refinery when the Justice will rule on his request for interim measures for the crime of interference with employee representative bodies. The CEC will file early next week a motion to that effect.

Michèle Bellon, Assistant General Manager of Dalkia, will succeed Michael Francony at the head of the ERDF, the distribution subsidiary of EDF (-0.42% to 38.125 euros).

EDF Energies Nouvelles has announced Friday that U.S. power company Indiana Power and Light (IPL) had canceled the contract of sale of electricity on wind project Lakefield, in south-west of the State of Minnesota. The Exchange sanctions: -2.80% to 36.160 euros.

Cellectis (-0.69% to 10.02 euros) on Friday announced a turnover in 2009 rose 14% to 12.1 million.The group also announced a strengthening of its cash to 45.6 million euros against 28.7 million a year earlier.

As for publications, Rally (-1.18% to 25.9 euros), which controls Casino (-0.25% to 60.86 euros) will announce its annual results.

Investors began to doubt when the morale of U.S. households showed slightly degraded. Americans are less optimistic about employment prospects. The index of consumer sentiment fell to 72.5 in March against 73.6 in February.

The effect on U.S. markets was immediate. While in the early exchanges, they open up, already after three consecutive sessions in green, Dow Jones, Nasdaq and S & P 500 are passed into the red.

Around 16:30, they retreat respectively of 0.06%, 0.34% and 0.19%.

This Friday at 14:30, retail sales in the United States have resisted to the bad weather in February.Against all odds, they rose by 0.3% compared to January (in data seasonally adjusted) while analysts felt they had declined by 0.2%.

This supports other new ad, released Thursday, which was rather reassuring, even if they still underscore the difficulties overseas cheapest one. Like the U.S. trade deficit fell to 37.29 billion dollars from 39.9 billion in January. For specialists Barclays Exchange, "it is a pleasant surprise to the extent that economists were expecting a deficit of 41 billion dollars."Other good news side of the labor market "listings weekly unemployment fell to 462,000 from 469,000 the previous week.

Oil prices rose Friday in the opening exchanges in New York on a more optimistic market demand after the new forecast of the International Atomic Energy. The barrel of light sweet crude for April delivery was trading at the opening at 82.97 dollars, up 86 cents from the previous day.

On Wall Street will be sitting under the sign consumer with the publication of sales information for the month of February and the preliminary estimate of consumer confidence.Business inventories for the month of January will be published in late afternoon.

Citigroup rose 20% in 4 sessions

On the side of values, the CEO of Citigroup has pledged a return to profitability of the bank. The state could get rid of all of its shares within twelve months. The title of Citigroup rose 30% since the beginning of the month and by 20% since the stock market Monday. Friday, the shares resumed their breath, down from 0.7% to $ 4.15.

For several sessions throughout the banking sector enjoys a renewed interest from investors. On Thursday, he was also concerned by the failure of talks in the U.S. Senate to reform the financial system.After several months of effort, Senator Dodd, chairman of the Senate Banking Committee, failed to reach an agreement between Republicans and Democrats on this bill to reform the banking system.

In the energy sector, Devon Energy (0.51%, to 72.41 dollars), the specialist production of oil will sell at BP Plc for seven billion dollars of assets located in Brazil, Azerbaijan and Gulf of Mexico.

Note also the manufacturer of semiconductor National Semiconductor announced after the close of the NYSE, a profit of 53.2 million, or 22 cents a share against 18 cents expected by analysts' consensus. Turnover was 361.9 million against 348.6 million expected by analysts. Titles rise of 0.63%, to 14.44 dollars.

Wall Street is expected in the red pre-meeting Tuesday. At the NYSE, the Dow Jones, Nasdaq 100 and S & P 500 retreat respectively of 0.05% at 10,548 points, from 0.13% to 2329 points and 0.23% to 1,136 points.

U.S. operators will choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. Especially since the main stock index hit a "low point" there is exactly one year, March 9, 2009. Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!

The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment. Weekly Market in the United States, will then be placed under the sign consumer.The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence.

The euro continued its decline against the dollar Tuesday, settling below $ 1.36, penalized by renewed concerns about Greece and the risk of contagion within the euro area, while the market remains cautious vis -à-vis a possible European Monetary Fund. At the opening of the NYSE, the euro bought 1.3562 dollars (-0.42%) against 1.3631 dollars late Monday teletrek no payday advance . New organic buyers also progressing with 20% of consumers who are being less than two years. They are also often to feed a newborn in the family.

Price of success, imports of organic products should rise further in 2010. The Agency considers the bio to 30% on average with significant differences depending on the product.If the local supply of meat, eggs or wine can meet the demand, much less the case for milk, cereals and products of high culture. As for fruits and vegetables and groceries dry areas on which the demand is strong, imports represent up to 50% or 60%. Since it takes three years for a farmer to convert to organic, the offer is not about to join the request.

ALSO READ:

"Organic farming reduces the gap in France

The most bio day of your life

The bio too expensive in supermarkets

"Accompany your meal organic wines

The agency bio

A rock concert without a little moss, is like "a guitar without the strings" in the words of Didier Wampas. "Beer is part of the concert!" Confirms Franck Le Bihan, head of debit, the company that supplies drinking the Zenith in Paris. In good years, that is to say those who have many dates of foreign rock bands or hard and metal, he sold 70,000 liters of beer and worse (when the French variety is the poster) 40,000 liters. "This is hard rock that consumes the most," says he, even if the reggae concerts Appliances are not left behind. Thus in 2009, Motörhead concert which brought together 3000 spectators, it is 3000 liters of beer are gone, one liter per person! Some shows, however, reserve some surprises to the landlord of the premises."To Vanessa Paradis, spectators often come in pairs, drank lots of champagne," says he. However, at 8 euros cutting cons 4 euros the 33 cl beer, has quickly made. But beware, even if an artist sells a lot more drinking than another, it affects not percentage. The drink is for the room.

Unlike the Zénith, the Palais Omnisport de Paris Bercy (POPB) does not go through a dealer, is the room that takes care of the bar to which it employs, as the night between 40 and 70 people. Again, these are the concerts or hard metal that consume the most. Thus, for two performances of AC-DC (17,000 spectators each time), fans of Angus Young have drunk more than half a liter per person …cons under 25 for Bénabar cl.

The sale of alcohol is so important for rooms that Zenith is a 10% discount on the amount of rent if the artist makes an intermission … It must be said that at the Zenith in Paris, the bar is not less than 20% of annual turnover! In POPB is 10% "only" because of the large number of sporting events for which it is forbidden to sell alcohol. "I often say, if one takes away the bar, the ticket prices will increase by 20%!" Says Daniel Colling director of Zenith in Paris. Certainly, it is the artist who set the ticket prices and not the room, but if it earns more money from the bar, it will increase the rent and the amount of seats will be increased.Therefore Pascal Negro, CEO of Universal Music France sums up the situation thus: "the lemonade is the future of music-hall!".

Minor awards of the bar at the Zenith in Paris

For the 2008-2009 season, viewers spent an average per person:

2.34 EUR Bénabar (variety)

4.04 euros for Trust (French hard rock)

6.97 euros for Alpha Blondy (reggae)

7.06 euros for Prodigy (electro)

ALSO READ

"SPECIAL – The best paid singers in 2009

The carbon tax is passed to the door Tuesday censured by the Constitutional Council. The government promised to submit within three weeks, a new mechanism. Anyway, the series of texts budget voted in recent weeks Finance Act 2010, Act funding Social Security, supplementary budget for 2009 includes several other measures affecting the taxation of households this year. Here are the key.

• Ceiling overall tax loopholes

For income received in 2010, a taxpayer may not reduce their income tax using the tax loopholes (working from home, child care, grants to associations, Scellier …) beyond an amount equal 20 000 plus 8% of its taxable income. Introduced in late 2008, the overall ceiling was far more generous, to 25 000 plus 10% of income.Taxpayers who use the niches Dom-Tom, Scellier, or devices for tourist homes have a respite: they have signed an investment commitment before December 31, 2009, they escaped the drop in overall ceiling .

• Act Scellier

The reduction of income tax, taxpayers enjoyed buying a new home for rent under certain conditions, remains at the same level as in 2009 – representing 25% of the purchase price – for homes purchased in 2010 that they meet or not the standard "building low-power" (BBC). The "greening" starts from 2011 for non-BBC dwellings, the tax cut to 15% next year and 10% in 2012. For homes BBC, it remains at 25% in 2011 and then fell to 20% in 2012.The Scellier disappears at December 31, 2012.

For new housing, the loan rate zero (PTZ) was doubled in 2009 and will continue until June 30, 2009. Photo credits: Pascal SITTLER / REA

The two bad U.S. indicators have failed to curb the enthusiasm of investors on the Paris Bourse. The CAC 40 closed up about 0.32% to 3910.75 points, above the threshold of the fateful 3900 points. When the volume of trade, they remain very low at 2.02 billion euros.

After a setback, following the publication of figures for new home sales in the United States and the index of consumer confidence, the market has finally resumed.

Defensive stocks in the spotlight

The largest increase in the CAC 40 is up to STMicroelectronics (1.80% to 6.34 euro).The group is supported by the resumption of investment in semiconductors.

Elsewhere in the charts are essentially defensive stocks such as PPR (+1.64% at 83.09 euros) or L'Oreal (+1.40% at 77.57 euros).

Great shape early in the session, as the Sanofi-Aventis does nibbles as 0.45% at closing. The pharmaceutical company would consider acquiring a stake in the Danish biotech company Zealand Pharma.

Veolia is maitient up (+1.06% to 22.79 euros). According to information from the Figaro, the group would link with the Italian railway company Trenitalia to launch TGV from France in 2012 to compete with the station.

EDF (+0.53% at 40.86 euros) has shown up throughout the meeting. The electricity supplier could open the French market for electricity in Russia's Gazprom by Voices."Gazprom will supply gas and electricity recovery in Europe," according to an anonymous source.

CAC Hors, Maurel & Prom Signs finest performance of the SBF 120. The title gained 4.15% to 12.55 euros after the announcement of successful tests on the exploration well OMGW-1 (Gwedidi-1), located in Gabon, on the exploration permit Omoueyi.

As for cuts, Suez Environment fall from 1.45% to 15.96 euros. On Tuesday, the group announced a contract for 34 million euros for the construction of a facility responsible for treating wastewater from PetroChina's refinery, located in Chengdu, the capital of Sichuan province, China.

Thomson continued his yoyo Wednesday. After more than 20% earlier this week, the title loses 2.77% to 0.95 euro.

Exxon Mobil launched a massive operation. The Texan oil giant announced Monday in a statement putting his hand on XTO Energy, a specialist in exploration and production gas field unconventional. The stock transaction is valued at 41 billion dollars (28 billion euros). An amount that includes 10 billion debt to XTO. The news that investors react. On Wall Street, the action XTO recorded a jump of 16.65% to 48.38 dollars, while Exxon Mobil abandoned as 2.99% to 70.65 dollars.

Through this transaction, expected Exxon 0.7098 new share issue by XTO title. This is equivalent to a 25% premium for shareholders of XTO, compared to the closing price on Friday, December 11, which served as basis for agreement. The deal should be finalized in the second quarter 2010 after the green light by shareholders of XTO and regulators.After the merger, Exxon plans to establish in Texas a new organization to manage development and resources that will bring him XTO Energy.

The exploration and production of unconventional gas represents a potential size of the United States. For Rex W. Tillerson, executive director of Exxon Mobil, this acquisition will be an opportunity to increase investment and create new jobs in the U.S. economy.

Despite the significant impact of successive delays made the program of the new jumbo Airbus A350, the chairman of its parent, Louis Welsh, said in the columns of the Financial Times that his group will not appeal markets.

The boss of aerospace group EADS has nevertheless conceded that such delays "have an impact on cash Airbus, which suggests the London daily that the group's treasury could melt rapidly due to lower deliveries of had expected next year, raising questions about the long-term funding of new programs.

"We have over 8 billion euros in net cash. When you're in that situation, you do not request funding for your shareholders, "said Louis Welsh. The cost of developing the A350 is generally estimated at over 10 billion euros.Louis Welsh also ensures that the financial difficulties of Dubai, one of the largest customer of Airbus, will have no impact on the European group.

EADS shares evolved to equilibrium at around 11.00 to 12.37 euros, or -0.08% over the closing price last Friday at the Paris Bourse.

Thiery Morin returns to the front of the stage, eight months after his departure thundering Valeo. To recall, the former CEO had a lot of talk, taking his ouster in a check for 3.2 million euros, equivalent to a "golden parachute" when at the same time, the group lost 287 million euros over the full year 2008 and disband as many as 5,000 employees worldwide.

The latter has recently entered the industrial tribunal to get compensation after a judge dismissed it "unconscionable" and "without real and serious cause". He estimated the damage suffered to some 2.5 million euros, according to RTL radio.

This amount would be added and the 3.2 million already received in March by Thierry Morin, snubbing it in the request of shareholders who wanted to see the money returned to the group.

But Thierry Morin did not stop there.The former CEO also claimed a medal of honor labor to recognize the quality of work for eight years as head of Valeo.

The management group, which recorded 209 million euros in losses since last January, has politely turned down his request.