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The U.S. stock markets opened sharply higher Tuesday. The Dow Jones climbed 1.61% to 11,231 points and the Nasdaq by 1.54% to 2254 points in early trade.

Monday, Wall Street had already finished in the green.

Since the beginning of the week, investors in Europe and the United States, is won over by a wave of optimism about the outcome of the crisis of sovereign debt. "The beginning of the week is placed under the sign of hope. Investors have decided to give credit to European policy makers and international willingness to find ways to resolve the sovereign debt crisis, "economists observe in Paris broker Aurel BGC. There are "high hopes that one is engaged in the right direction towards resolving the debt crisis in Europe," say experts on their side LBBW. Other analysts, however, want to caution.The strategists of the Crédit Mutuel-CIC believe that "the improvement should not last as rumors seem exaggerated. The expansion of EFSF does not solve the structural problems in Europe, while the challenge is there. "

The spokesperson of European Commissioner for Economic Affairs Olli Rehn, Europe is considering strengthening the capacity of the European support fund for countries in trouble (EFSF). Rumors press also reported a proposed quadrupling of the Fund's lending capacity to 2000 billion euros. In turn, an official of the ECB, the Austrian Ewald Nowotny, did not rule out declines in interest rates in the euro area.But soon, the German Finance Minister Wolfgang Schäuble assured that Europeans had "no intention of bailing out" the EFSF.

Political leaders are still clearly divided on the responses to the debt crisis, while discussions on the payment of a new international loan to Greece, vital to enable it to avoid bankruptcy dragged on. At the same time discontent rises and Athens was again paralyzed Tuesday by a wave of strikes in public transport.

Oil opened up in New York

The euro was weakening on Tuesday to below $ 1.35. Mileu in the day, the euro stood at 1.3496 dollars, against 1.3523 dollars late Monday.He had fallen in session Monday to 1.3363 dollars, its lowest level since mid-January, prior to recover.

As for commodities, gold has recovered slightly this morning at 1640 dollars an ounce after declining over the last three sessions. Oil falls sharply higher this morning in Asian trade after having dropped more than eight dollars last week. Oil prices were moving up sharply at the opening Tuesday in New York, driven by renewed optimism for the determination of the Europeans to resolve the debt crisis in the eurozone business cards design.On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for November delivery traded at 82.64 dollars, up by $ 2.40 at the close on Monday night.

On the macroeconomic front, house prices in the United States remained stable in July compared with June, according to Case-Shiller survey released Tuesday by Standard and Poor's. The study, however, that over-year, declining home prices for sale widened in July to 4.1%, down less pronounced than the analysts thought.

As for values ​​to be followed on Tuesday:

As for values, Goldman Sachs will intensify its restructuring efforts, after a disastrous third quarter, which could be one of the worst ever recorded by the U.S. investment bank since it went public 12 years ago, says the New York Times.Goldman Sachs will be 1.2 billion to $ 1.45 billion savings goal of operation by mid-2012, the paper said on its website, citing unnamed people familiar with the matter.

The mysterious tablet that the online retailer Amazon.com Wednesday could present promises to be a star among the products' high-tech "of the season, even though the Seattle group has not yet revealed existence.Amazon Wednesday invited reporters to an event which he kept secret the subject, organized in a video production and music in Hell's Kitchen neighborhood of Manhattan.

Motorola Solutions is within the scope of an investigation by U.S. authorities, according to the Wall Street Journal, concerning a possible corruption in the course of its business in Europe.

The Anglo-Australian mining giant Rio Tinto, listed on Wall Street, announced Tuesday it had increased to 49% its stake in Canada's Ivanhoe Mines, the upper limit is included in an agreement between the two groups that intend to operate an entire mine copper and gold in Mongolia.

ONEOK announced expect to achieve a net profit of between 355 and 400 million in 2012, against 325 to 345,000,000 dollars in 2011.For its part, ONEOK Partners expects a net 740 to $ 800 million for the year 2012 against 630 to 660,000,000 for the year 2011, while natural gas volumes processed are expected to increase more than expected.

Also note, Standard & Poor's is within the scope of an investigation by the SEC, the U.S. stock market regulator, who questioned its rating of an issue of structured securities in 2007 just before the market collapse real estate, announced its parent company McGraw-Hill.

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Barack Obama has heard Warren Buffett. One month after the American billionaire's call to raise taxes of the richest in the United States, Barack Obama will propose on Monday during a speech at the White House – expected at 16:30 French time – a special tax on the income of taxpayers earning over a million dollars a year (about 725,000 euros). The U.S. president should not indicate the precise tax rate that it intends to apply or the amount it hoped to achieve by this. But according to The New York Times, the tax on millionaires only for 0.3% of taxpayers, less than 450,000 of the 144 million returns recorded in 2010.

Dubbed the "rule Buffett," this tax is in terms of reducing the budget deficit that the U.S. president must explain to Congress Monday.Its goal? Ensure that the wealthiest taxpayers pay at least as much taxes as middle-class homes. This is not the case, as pointed out by Warren Buffett this summer, because of certain provisions of the Tax Code.

1200 billion dollars in savings to find

Thus, capital income such as dividends or interest earned by the fund managers are taxed at 15%, while labor incomes are between 10 to 35%. "While the poorer classes and middle classes are fighting for us in Afghanistan, while most Americans struggle to make ends meet month we mega-wealthy continue to benefit from special tax exemptions," wrote Warren Buffett in an article published last month in The New York Times.

This tax should allow Barack Obama to approach a little more of his electoral base of the Democratic Party criticized him his "gifts" to tax the wealthiest people. The Republican majority in the House of Representatives have already announced that he would vote no tax increase.

While the United States must find 1.2 trillion dollars in savings by the end of the year, Barack Obama warned on Saturday the Americans that they would provide "pull their weight" to reduce the budget deficit. And pressed again, the Congress, including Republicans, to adopt his plan for the use of 447 billion dollars. "More games or impasses. More division or delay, "he said during his weekly radio address.

The rebound posted the day before continuing carefully. After closing the session in the green, with a gain of 1.87% to 2949.14% points, the CAC 40 index opened his session by small increase of 0.69% to 2969.46 points, in the wake of Wall Street and Asian stock markets. Investors cautiously welcomed the determination shown by German Chancellor Angela Merkel, French President Nicolas Sarkozy and Prime Minister of Greece George Papandreou during a conference call Wednesday night to Athens out of the crisis. Same upward trend in other European financial centers: the FTSE-100 wins from 0.67% to 5262.05 points, the FTSE Milan Mib rose 0.69% to 14,264 points and the Dax in Frankfurt rose by 0 , 87% to 5386.86 points.

For now, the markets show their confidence in the ability of the euro area to help Athens to prevent the country are lacking, and is forced out of the single currency. At the end of their conference, the Franco-German and was convinced "that the place of Greece is well and truly in the euro area." But on one condition, also very explicit: "The implementation of strict and effective recovery program of the Greek economy supported by the countries of the euro area and the IMF and which conditions the disbursement of future tranches of the program. "George Papandreou was quick to deceive, confirming" the absolute determination of his government to take all necessary measures to implement all commitments. "For the budget minister Valérie Pécresse, what the Prime Minister of Greece were "reassured" the euro area, she said on Thursday LCI.

The U.S. maintains pressure on Europe

To this, add the announcement of the Brics (Brazil, Russia, India, China and South Africa) said on Wednesday they could increase their holdings of bonds denominated in euros. Brazil has such willingness to participate in a "global effort" against the economic crisis that affects rich countries, said the same day the President of Brazil Dilma Rousseff. Meanwhile, Italy, whose rates have soared during bond, has denied media reports that she would have asked China to invest in debt.

U.S. side, however, no way to release the pressure on Europe.It "must do more" in the words of Timothy Geithner, U.S. Treasury Secretary, who must participate in a meeting Friday of finance ministers in Europe. In an interview Wednesday on the financial channel CNBC, he considers, however, that the Europeans "has the capacity" to resolve the crisis, seeing as a good thing that they "recognize that they are late."

Note that Christine Lagarde, Executive Director of the IMF, should give a speech in Washington on "Challenges and solutions for the global economy and the IMF" to 16 hours. While Ben Bernanke, the Fed chairman, should speak at a conference in Washington on the regulation of systemic risk in the early afternoon.

Oil prices continue to fall

On the macroeconomic front, figures on employment in the euro zone for the second quarter are expected, and inflation in August.

In France, the trade deficit is expected to reach 75 billion euros this year, a new sad record after the 56 billion euros recorded in 2008, says Les Echos.

For its part, Spain on Thursday to conduct a bond issue.

Finally, many figures are expected in the U.S., including inflation for the month of August, the current account balance in the second quarter, the weekly claims for unemployment and industrial production for the month of August .

On the foreign exchange market, the euro appears down 0.16% to 1.372 dollar on Thursday. In turn, oil prices continued to fall, after figures showing a decline in demand for refined products in the United States, and while the markets remain worried about the situation in the euro zone, analysts said.In early electronic trading, a barrel of "light sweet crude" for delivery in October lost 43 cents to 88.48 dollars per barrel of Brent North Sea crude for October delivery 53 cents to 111.87 dollars.

Values ​​to follow

• Banking

The banking sector, including Societe Generale (0.29% to 17.43 euros), BNP Paribas (1.04% to 27.18 euros) and Credit Agricole (1.80 to 5.31%) will be once again scrutinized by investors. The crisis became systemic, according to a document sent to the European Union finance ministers and obtained by Reuters, which also recommended a further strengthening of bank resources. In addition, two out of three French believe that the weakening of the banking sector related to the debt crisis could threaten their economies, according to a CSA poll released Wednesday to Les Echos.

• LVMH (1.25% to 113.20 euros)

The group announced Wednesday it had chosen Jordi Constans, come to Danone, to succeed Yves Carcelle at the head of Louis Vuitton in 2013.

• ArcelorMittal (2.68% to 13.23 euros)

The company promised to stop its steel plant in Florange (Moselle) would be temporary, said Wednesday the French government.

• Areva (2.04% to 21 euros)

The nuclear expert will present its strategic plan in early December through improved operational performance, an adjustment of investment and possible asset sales, said its president of dirctoire in an interview for Echoes.

• Publicis (0.56% to 30.66 euros)

The group announced Thursday the acquisition of 100% stake in a public relations agency in the United States, Schwartz Communications, which specializes in technology and health, for an undisclosed sum.

• Bouygues (0.53% to 24.86 euros)

Wednesday, Bouygues Construction, through the company Eirene, delivered the first 53 service centers and respond to the DIT (Directorate of transport infrastructure under the Ministry of Ecology, Sustainable Development, Transportation and housing), according to Reuters.Eirene now provides maintenance and management of these buildings for 28 years.

• Technip (0.76% to 67.89 euros)

The French group of Petroleum Engineering has won a contract for facilities ammonia-urea fertilizer in Port-Gentil (west of Gabon), from Gabon Fertilizers Company, said in a statement.

• Cellectis (6.02% to 5.99 euros)

The company will acquire the Swedish company Cellartis specialist tools for research and development in vitro derived stem cells, as part of a contract valuing the approximately 33.8 million.

• Hermes

The luxury group said that trading in its title would be suspended Thursday pending the decision of the Court of Appeal of Paris on the exemption granted by the AMF on the buyout of minority interests.

In full the debt crisis, Joe Biden is timely in its largest creditor. The U.S. vice president hopes to strengthen ties with China, where he now starts an Asian tour that will take him then in Mongolia and Japan. This is the first official visit to Beijing the number two in the Obama administration since taking office. It is particularly meet the new generation of leaders, particularly Xi Jinping, tipped to succeed Hu Jintao in 2013, and will seek to reassure his counterparts about the destiny of the world's leading power.

Despite the rants of some official media who had called the United States to "live within their means" and the thrust carried by the rating agency Dagong Chinese, who, too, degraded the U.S. sovereign rating, the central seems to keep his confidence in the economy of the United States, it continues to bear. Between April and June, far from giving his titles like other countries, China has not slowed the pace of its purchases of Treasury bills. And in late June, Beijing held 1.17 trillion dollars of U.S. debt.

Investor confidence in Asia

Despite these reassurances, it is clear that the Middle Kingdom has more top in its bilateral relations with Washington us fast cash. As the world worries about the future U.S. investors place their trust in contrast to Asia, particularly China.Foreign direct investment (FDI) have increased by 19.83% in July compared to the same period in 2010. During the first seven months of the year, the People's Republic attracted 69.19 billion dollars in FDI. The business seems to rely in part on sustained growth, despite the weight on the economy of the tightening of Chinese monetary policy, and partly on a strong yuan. For the Chinese Ministry of Commerce, Beijing enjoys the disaffection of investors in Europe and the United States.

As for U.S. criticism that Joe Biden will take over on the low level of the Chinese currency, they may be blank. The yuan, also considered undervalued Washington, hit record highs Tuesday.The central bank, which sets every morning during a pivot around which the yuan can fluctuate by 0.5% above or below, identified Tuesday as the low point, the level of one dollar for 6.3925. In other words, the Chinese currency has appreciated by 7% since dropping the dollar in June 2010. But some investors are betting on the inflationary pressure to force Beijing to let its currency move more.

Faced with rumors that shook markets extremely volatile last week and some bank stocks are falling, the stock market authorities are seeking a European risposta. Thursday night market regulators in Brussels, Madrid, Paris and Rome have announced a ban on short selling, which takes effect this Friday, for at least 15 days.

Short sales are a complex and risky speculative practice, which involves, initially, borrow securities (eg 10 euros) which anticipates the decline. Then sell it. And finally to buy it when its being dropped (8 euros). By selling what he had not yet acquired by the speculator has pocketed a gain of 2 euros.

This practice is alleged to amplify the declines of the securities markets. Its prohibition is routinely considered during financial crises."Short sales are trading strategies consistent with the rules but they become abusive when they are clearly associated with large and false market rumors," said ESMA, the European regulator of financial markets in a statement.

Eleven French values ​​involved

In France, the AMF has decided to ban short selling of eleven financial stocks which were particularly severe on the stock market due to rumors about the health of the banking sector guaranteed payday loan. Societe Generale is one of them: the bank has seen its price falls by 15% Wednesday due to a rumor of a false information about a bank failure in the British tabloid Mail on Sunday.Crédit Agricole and BNP Paribas are also among the financials involved.

"We deal in various European countries to rumors that are unfounded," noted the president of the AMF. "These rumors can amount to market abuse", by which the MFA refers to price manipulation and insider trading. Finance Minister Baroin has in turn welcomed the decision of the AMF.

In France as in Spain and Italy, the ban is valid for 15 days and may be renewed. In Belgium, where naked short sales (where the investor does not own the loan) were already banned, the new ban is enforced for a period inderterminée.It concerns four titles: KBC Ancora, Dexia and Aegas.

The Dutch financial markets regulator AFM, meanwhile, said he saw no need to ban short sales on the exchanges of Amsterdam.

As seen in Europe with a market recovery, the New York Stock Exchange opened up, boosted by a salvo of large U.S. companies results, mostly better than expected: the Dow Jones gained 0.56% and the Nasdaq 1 , 00%. By 1330 GMT, the Dow Jones Industrial Average garnering 69.67 points to 12,454.83 points and the Nasdaq, dominated by technology, to 2792.75 points 27.64 points. On Monday, the New York Stock Exchange finished down.

Investors are increasingly anxious about the lack of progress on issues of public debt, both in the United States and euro area. Caution should remain in force on Tuesday, while discussions continue on the debt in the U.S.. Democrats and Republicans fail to agree on raising the debt ceiling of the United States, despite calls for unity of President Barack Obama.Not surprisingly, Fitch Ratings has again threatened yesterday to place the note from the U.S. sovereign debt under review with negative implications if no agreement was reached on the issue.

In Europe, investors have not been convinced by the results of stress tests in Europe. They are now waiting for the meeting of Heads of States of the euro zone on Thursday to take stock of sovereign debt problems plaguing Europe. Greece and its possible failure to pay would lead the discussions.

Sign of the nervousness and uncertainty room, the price of gold, still flies from record to record. The yellow metal has risen this morning to more than 1610 dollars an ounce, down the day after the symbolic threshold of $ 1600.

The euro is rising against the dollar Tuesday, but traders remain cautious.Around 1300 GMT (1500 Paris), the single European currency traded at 1.4189 dollars against 1.4117 dollars around 2100 GMT Monday. The euro rose against the Japanese currency to 112.10 yen against 111.59 yen Monday. The dollar stabilized against the yen at 78.99 yen against 79.02 yen Monday.

Oil prices rebound sharply at the opening of the market in New York, trying to recover losses recorded the previous day against a backdrop of serious concerns about the economic consequences of debt problems in Europe and the United States. Around 1:15 p.m. GMT on the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for August delivery traded at 97.53 dollars, up 1.60 dollars compared to the previous day. "These are discussions that take place within a limited range," commented Rich Ilczyszyn, Lind-Waldock.Le barrel had dropped $ 1.31 Monday.

On the macroeconomic front, investors will be watching especially housing starts and building permits in the United States. Two statistics that mark once.

Values ​​to follow

The side of values, after the close of Wall Street, several major groups have announced their quarterly results.

Pleasant surprise on the side of IBM rose 8% of its profits in the second quarter to 3.66 billion. The adjusted earnings per share was 3.09 dollars against 3.02 dollars expected by analysts. Turnover was up 12% to $ 26.7 billion against $ 25.4 billion expected. Please note, sales of servers rose 17% year on year to 4.7 billion. For the full year, IBM raised its forecast for earnings per share to 13.25 dollars against 13.15 dollars earlier. The title earns 3.01% to 180.55 dollars.

Always on the side of values, Cisco confirmed the elimination of 6,500 jobs to reduce production costs. The group is facing stiff competition, especially from China, the market for Internet routers. Price reductions are higher expectations. According to IDC, Cisco, which holds 64% market share, experienced a contraction of 16% of its sales of routers in value in the first quarter. The title earns 1.14% to 15.62 dollars.

In addition, the producer of fertilizer Mosaica announced a profit of 649.2 million dollars above expectations of analysts. Turnover was up 54% to $ 2.86 billion and also higher than expectations.Farmers' demand remains strong, particularly in wheat, and weather conditions have supported the group's sales.

For its part, the steel producer, Steel Dynamics (3.69% to $ 16) announced a profit of $ 98.7 million and a turnover of 2.08 billion, both higher expectations.

Also note, MSC Industrial Direct (0.72% to 65.84 dolars) has announced the acquisition of American Tool Supply and its subsidiary American Specialty Grinding without specifying the amount of the transaction.

According to the Financial Times, the fourth group HNA Group Air China would be the favorite to take over the subsidiary of General Electric GE SeaCo.

Moreover, according to Bloomberg AMR Corp (-0.61% to 4.88 dollars), the parent of American Airlines, could be divided between Airbus and Boeing single-aisle aircraft order it plans to spend.American Airlines is negotiating with manufacturers for the purchase of more than 250 aircraft.

The American insurance company AIG (0.83% to 27.88 dollars) study the stock market into a stake in its subsidiary, ILFC aircraft leasing, operation that could bring him back from 1.5 to 2 billion, reports the Wall Street Journal Monday.

While markets plunged Monday on fears of contagion from the debt crisis in Europe, central bankers in the euro area have tried to reassure. "This is to resist the risk of contagion" in Italy, which seems to be the new target markets, or to Spain, and "maintain financial stability in the euro area," said the head of the Eurogroup Jean-Claude Junker.

Thus, the finance ministers of the euro area, following a meeting that lasted nine hours Monday, were willing to increase the size of the Financial Assistance Fund, which has now a lending capacity 440 billion euros. They are also considering a "lengthening of maturities of loans" made to give more time to countries in difficulty to repay their debt and reduce interest rate loans to Greece.Other measures are also being considered to "improve the sustainability of government debt." No specific plan of support for the country, however, has been announced. What angered the Prime Minister George Papandreou who believes that "there is no room for indecision and errors", and regrets that European leaders are indulging in "cacophony".

For its part, the executive director of the International Monetary Fund, Christine Lagarde, said she, that the effort of Greece to reduce its budget deficit is still "not enough". The patron of the institution has also sought to reassure over Italy. While the surge in borrowing rates to 10 years in Italy has shown concern on the situation of the country, Christine Lagarde said that "some of the Italian figures are excellent easy pay day loans."She added that "it is clear that Italy is currently facing problems which are essentially driven by the markets." Former Economy Minister further stated that the rating agencies' role "without elaborate. These are singled out: besides the Brussels wants to silence forbade them to assess a country subject to an assistance plan.

The international community "can not save Spain"

But nothing works. Markets are not satisfied and the stock markets tumbling again Tuesday morning. Bank stocks have been particularly affected. In Madrid, the Ibex index lost more than 2%. The Spanish Minister of Economic Affairs, Elena Salgado, said Tuesday he was "not logical" that Spain and Italy are "affected by market volatility," because their economies are "strong and diversified. ""If we are able to transmit the determination that we all, markets should reasonably calm down," she said.

But markets, they do not see things this way: "While the international community can save Greece, Ireland and Portugal, it will not save Spain, too important contributor to the euro area" , said Monday Laurent Geronimi, director of rate management at Swiss Life Private Banking.

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It was twenty years commissions on credit card transactions had not fallen and that the regulator two years campaigning for change that. Following a lengthy litigation, the Competition Authority announced Thursday that French banks got a discount on fees so that they in turn require merchants and consumers for a withdrawal to the distributor or a card payment. This payment remains the most widely used in France and has grown steadily since its introduction, mainly to the detriment of the check.

According to the Competition Authority, which accused the banks to agree to the detriment of consumers, the main interchange fees should drop by 20% to 50%. The agreement will take effect from 1 October and will be valid for four years, with an estimated loss of revenue for banks to 600 million euros a year.

Effect on customers' bills

In detail, the interchange fees for payment, paid by the merchant's bank to the consumer, are expected to decline by 36%. These costs were strongly disputed by the traders, who thought a large majority "penalizing" according to a survey by the Professional Union scale (UPA). The Federation of Enterprises in trade and distribution was also the source of the complaint filed with the Competition Authority no fax cash advance.

More sensitive to the consumer, the fees charged for each withdrawal by the bank's ATM to that of the cardholder to fall by more than 20%. Currently, most institutions charge a euro each withdrawal at another bank in more than a few transactions. Only the Postal Bank currently fails to puncture such fees."The decline of this commission, now passed to the holders of a majority of banks will most likely be a direct down" on consumers' bills, welcomed the Competition Authority in a statement.

Commissions on levies on the Seletti

In this case, the fear of financial penalty penalizing banks convinced the 130 stakeholders to negotiate with the Competition Authority. In September 2010, the institution has indeed sanctioned eleven banks to the tune of 384.9 million euros for imposing fees on abusive transactions by check.

But the sector is regularly singled out by consumer associations to impose unfair tariffs, has not finished accountable.The Competition Authority also announced Thursday that it will address in the coming months to commissions established by other types of credit cards such as Visa or Mastercard, and those imposed for withdrawals.

The Paris Bourse rebounded sharply Tuesday. At the close, the CAC 40 gained 2.04% to 3877.07 points. Markets are optimistic about the fact that the Greek Parliament will give this evening its confidence in the new government Papandreou for the implementation of its program of fiscal austerity. Greek Prime Minister called for a national agreement of political parties to adopt its austerity plan and get a new aid.

In addition, the Japanese Minister of Finance, Yoshihiko Noda, promised Tuesday that his country would continue to buy bonds from the European Financial Stability (EFSF), to help the euro area to overcome the debt crisis of some of its members. Sign of the relief the markets, the euro recovers.At the end, it was 1.4396 dollars against 1.4301 late Monday.

The markets also learn that sales of existing homes in the U.S. fell in May from 3.8% to 4.81 million units annual rate, according to figures released Tuesday by the National Association of Realtors ( NAR), slightly less than analysts had feared.

In London, the FTSE-100 index gaining 1.44 of the main values% over the closing Monday at 5,775.31 points. For its part, featuring Dax index of the Frankfurt Stock Exchange on Tuesday pressed a bar 7200 points ending up 1.89% to 7285.51 euros, against 7150.21 points the day before closing.

Maurel & Prom, Areva and derive the rating Nexans

Maurel & Prom (5.01% to 17.20 euros) sold in Canada Caroil Tuscany for $ 120 million and 29% in capital.The group posted the best performance from the coast on Tuesday.

Areva (2.06% to 26.05 euros).The Committee of European Group (CGE) Areva said Monday that Oursel Luke, the future chief executive of the specialist public of nuclear, was expected to set out his strategy for the company.

The French manufacturer Nexans cables (3.60% to 64.78 euros) announced Tuesday that it would strengthen its presence in China by acquiring 75% of the energy cable business of the Chinese Shandong Yanggu Cable, valued around 140 million (including debt).

Valeo (5% to 44.12 euros) is carried the words of its Director General Jacques Aschenbroich who welcomed the "very good first half of 2011" in an interview Monday in Paris. "Valeo increased by three to four points faster than the market "on which it operates, and the order books of Valeo exceed 12 billion euros, he said.

The IPO postponed Verallia

Saint-Gobain (2.80% to 42.58 euros) on Monday announced the postponement of the IPO of its subsidiary Verallia, a failure that symbolizes the current weakness of capital markets on fund nervousness of financial markets the Greek crisis.

Carrefour (1.68% to 27.30 euros) held a general meeting of importance on Tuesday. The slump experienced by the Carrefour share in recent days has led the meeting. The shareholders approved Tuesday in a stormy atmosphere complete the demerger of Dia, the company's French distributor discount, denounced by the unions who cry "dismantling" of the group's strategy also worried some small shareholders.

Alstom (1.20% to 42.47 euros) is developing a new model for high-speed train, the AGV II, which could run at a maximum speed of 380 to 400 km / h, according Les Echos."After the failure of the Eurostar, Alstom aims to expand its range of high-speed train for international tenders, while the competition has never been higher," said the daily.

The automaker Renault (2.92% to 38.07 euros) does not market new high-end vehicles before the end of 2014, announced the group's commercial director, Jerome Stoll.

While 200 planes were sold yesterday at the Paris Air Show, European governments are on the frontlines in defense of public aid granted to Airbus (EADS: 2.33% to 21.75 euros), challenged by Boeing and the WTO.Ministers to UK companies found that surgery was beneficial to taxpayers, at a meeting at Paris Air Show.

In addition, Eurocopter, a subsidiary of EADS, is expected to have discussions in the fall with the Ministry of Defence, who want to save money on the result of the Tiger and NH90 programs, The Tribune reported Tuesday.

The CAC 40, only Danone (-0.25% to 52.15 euros) and Pernod Ricard (-0.36% to 66.89 euros) decline.