Although financial markets have integrated in the price recovery will be a more complicated than in the U.S., caution remains the watchword. On Wednesday, the main index rating Paris closed up 0.92% at 3677 points.

The Fed chairman, Ben Bernanke, has shown little enthusiasm on U.S. household consumption and real estate and industrial sectors.The economy minister, Christine Lagarde, has adopted the same attitude as regards the European Union: the recovery remains "fragile".

Europe, the United States and Japan under scrutiny

On the macroeconomic front, the day will be very busy.

The French economy has registered 26,200 net new jobs employees in the second quarter (+0.1% from the previous quarter, 0% over a year), according to final figures released Thursday by the INSEE.

Moreover, the real estate industry figures in Paris and Ile de France for the second quarter were impressive: house prices soared again in Ile-de-France, as before the crisis, and central Paris is beat his record with an average transaction price of 6,680 euros per square meter.

In Germany, inflation slowed in August, 1% a year, against 1.2% in July, said Thursday the Federal Statistics Office, confirming preliminary figures released earlier.In one month, rising prices in Europe's largest economy is unchanged.

The Organization for Economic Cooperation and Development (OECD) we will evaluate the economic situation in Europe, U.S. and Japan to 11 hours.

The European Central Bank and the Organization of Petroleum Exporting Countries (OPEC) will publish its monthly report in the morning.

Finally, several indicators are expected in the U.S.: the weekly claims for unemployment benefits (1430), the trade figures for the month of July (1430) and the weekly crude oil inventories (1630).

On the currency markets, the euro lost ground against the dollar Thursday, falling below the $ 1.27, while the market is concerned about the contraction in gross domestic product of Greece 3.7% annual in the second quarter.Around 9:00, the single currency was worth 1.2688 dollars (-0.24%).

Values follow

EADS (+0.03% to EUR 18) is in discussions with a small number of defense companies, services and security for potential acquisitions and could easily make a purchase about one billion euros Louis Welsh said Wednesday, the Director General of the European group.

Total (-0.63% to 38.41 euros) gained 20% Thursday to a major liquefied natural gas (LNG) in Australia for about 625 million euros, driven by Australian groups Santos and Malaysia's Petronas .

Sanofi-Aventis (-0.08% to 47.75 euros) would have made a new proposal to buy U.S. biotech Genzyme at 71 dollars per share, against 69 dollars offered earlier to Deal Reporter, a financial services group Affiliated to the Financial Times.In exchange, Sanofi-Aventis requests access to the accounts of Genzyme.

The Australian competition authority has opposed Thursday for the second veto the bid of 8.65 billion euros from National Australia Bank to AXA Asia Pacific (AXA, -2.38% 12, 70 euros, the biggest drop CAC 40), which could force the Australian bank to abandon a project initiated nine months ago.

Bercy has announced a proposal to apply the VAT rate from 19.6% to the full tender "triple play" which would allow the state to reap hundreds of millions of euros in revenues Additional in a tight budgetary situation.Investors will pay attention to the reaction of France Telecom (-0.46%), SFR (Vivendi group, -0.38%), Bouygues Telecom (Bouygues, -1.12%) and Iliad (-1.55%), .

Moreover, the Polish subsidiary of France Telecom could publish a third-quarter loss after being ordered to pay 396 million euros to Danish DPTG, said Wednesday its chief financial officer.

Out of ACC 40, the automotive supplier Plastic Omnium (-0.49%) announced Thursday it had completed the acquisition of the global leader in fuel, Inergy Systems, which expects to achieve a turnover of approximately 1 1 billion euros this year.

The buyout offer (OPR), followed by a squeeze on the Eiffarie APRR (balance) will open September 10 for a period of ten days of negotiations.

British defense groups have reported Wednesday that the government had requested to consider the cancellation of orders for new aircraft carriers. The vessels are built by a consortium of BAE System, Babcock International and Thales (-0.58% to 26.4 euros) for a cost of five over five billion pounds (6.1 billion euros).

Korian (1.77% to 16.7 euros), specializing in the management of addiction, has announced a 24.3% increase in net profit to 8 million euros, 26.1% its operating results based on an increase of 6.8% of its turnover in the first half.

The shareholders of Nabucco, the German RWE, Austrian OMV, BEH Bulgarian, Turkish Botas, Hungary's MOL and the Romanian Transgaz each holder of 16.67% stake, will finance 30% of own project.

If the strong financial support ahead now, some observers remain skeptical about the ability to buy the Nabucco gas volumes sufficient to justify the construction, estimated to cost around 8 billion euros. The agreement signed last week between Russia and Azerbaijan providing a doubling of purchases from Moscow to the former Soviet republic has heightened concerns about Nabucco.

LE FIGARO – Why sacked Christian de Villeneuve, hired five months ago?

Alexander Pugachev – Christian Villeneuve arrived at the editorial management the same day of the launch of the new formula of France-Soir, March 17. Under his leadership, the title has gained credibility and reputation. France-Soir is now in running order. He left because we have some disagreements together, particularly on the image and the editorial line. It is not enough to make France-Soir a "Parisian ba" to succeed, I want France-Soir stands, has its own personality.Christian de Villeneuve – this is not a criticism of me – Le Parisien in its DNA and that does not correspond to my vision of France-Soir. However, I still have confidence in Christian de Villeneuve and that is why I offered him the post of editorial adviser. It should give me his answer within fifteen days.

Remy Dessart takes over at short notice. What is its mission?

I presented Monday to the editor Remy Dessart. His resume is excellent: it has succeeded almost everything he has undertaken: he is at the origin of the popular economy magazine Capital, has worked to VOD, to Team, and even television as a director Information M6.He also led on behalf of the German Springer plans to launch a tabloid, a "French-Bild", which have not been created …

… Is it just your ambition to make France-Soir a "Bild" in French?

I understand the anxiety of writing due to the departure of Christian de Villeneuve and I want to reassure her. In any case, I do not want to transform France-Soir in a trash daily, or a populist Bild in the French "as I have read in the press. I, indeed, visited last month writing Bild, such as the Daily Mirror before and soon that of Osterreich. I even consulted the number zero of the famous French-Bild "… And I quickly realized that this project was not duplicated in France.

No change in editorial policy of France-Soir, or even dismissal is expected.The roadmap is set to Remy Dessart only to enhance the value added of the title to multiplying the scoops, the articles to the original angles, staggered. There is no point to a pale copy of Le Parisien.

Great ambitions for writing only 70 journalists …

We're looking to hire about ten more journalists to expand the investigative department of the newspaper. Many contacts have already been made to journalists. It is now up to Remy Dessart to his leg.

Should we expect a reshuffle in the drafting?

That Remy Dessart and see … But to have already spoken with him, no departure is expected.The work of each charge, including Dominique de Montvalon (formerly of Paris, Ed) to head the political department, is very appreciated.

Always Check the 150,000 copies by the end of the year?

Our record is good. In one year we went from 21,000 to nearly 90,000 copies circulated in France, according to OJD (20 of 000 for Paris-Ile de France). Given these figures, we are aiming now 150,000 copies in 2011. To achieve this, I intend to inject a minimum of 20 million euros, in addition to the 50 million already invested, to cover our losses and start a new advertising campaign in January. At the start, we planned to send 700,000 mailings to try to garner 5000 subscriptions.

Le Parisien is for sale.Have you looked at the file?

I would have liked but the group did not want to let me know … The advantage with France-Soir is that from a very low, we should not lead to cuts in recruitment but rather to relaunch the newspaper. However, I recently reviewed the record of a security area and is very attentive to opportunities that may present the regional press.

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The price is not the only criterion that should differentiate the iPad the Kindle.With these two new players, Amazon remains focused on reading, and now wants to reach all members of the family to the youngest. Here, still no color or touch. "You're not improve Hemingway adding videos," Jeff Bezos slice. The Kindle screen is stuck at six-inch black and white, against 9.7-inch color for the iPad. But it is always with an electronic ink technology much less tiring for the eyes than the LCD. The new Kindle are also lighter, thinner and more compact than the models they replace, are equipped with a more powerful battery supposed to last one month, and store up to 3,500 pounds.

Twice as heavy, three times more expensive (from $ 499), the iPad is contained in its bulky sides of a Swiss Army Knife for the mere reading of books.It is also necessary to convince readers, ready to abandon the paper, both devices can coexist. Indeed, Apple has sold three million touch pads in three months, when Amazon, very secretive about its numbers, merely states that the Kindle is its best selling product for two years. Estimates of Caris & Co., should it sell 3.7 million by the end of the year. To keep ahead of the electronic book market, Amazon does however reserve the purchase of more books to his only reader. In recent weeks, the e-retailer has diversified by launching applications for PC and Mac readings, iPad, iPhone, BlackBerry and Android.

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Only 7 of the 91 banks have failed this test of strength, five Spanish, one Greek and one German. Their capital needs are estimated at 3.5 billion euros. We must add three who crossed the barrier but the recapitalization seems inevitable: the Italian Monte dei Paschi, Allied Irish Banks, Irish and German PostBank.Finally, the majority of European banks, the British and French in particular-seem to have redressed the balance.

The question now is whether the test can, as desired by the European authorities to lift the remaining mortgage, reboot, and finally the pump in credit to promote growth. By Friday, the European Union had welcomed the exercise as a vote of confidence. From Washington, the Treasury secretary, Timothy Geithner, hailed "a major effort towards greater transparency" on the health of the banks of the Old Continent. In markets, the euro rebounded to finish just below $ 1.29 after the close of European markets.Wall Street ended higher.

Consolidating banks at fault

Yet many continue to doubt the severity of the event European or completeness of its cash advance no faxing. Unlike other countries, Germany has refused on Friday to force its banks to publish the figures on a main line of their balance sheets: assets in government securities, ie their exposure to the European budget crisis. In the coming days, a first return to the trust will be the willingness to consolidate the banks at fault.

Weighing his words, the IMF Managing Director Dominique Strauss-Kahn described the stress tests as "the promise of a considerable strengthening of the European financial system. It remains to implement. Greece and Spain have promised for the end of the year.Germany, she announced a major restructuring. This is the interbank market which will provide the second element of discretion. The situation has eased since the beginning of the summer. But lack of confidence, many institutions do not always manage to borrow in the interbank lending market, considered one of the keys to sustainable economic recovery in Europe.

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Even cautious on the stock exchange in Frankfurt, where the DAX index was up 0.20% to 6 077.19 points. However, the side of the London Stock Exchange, the increase was more pronounced: the Footsie index advances 0.66% to 5 167.02 points.

On the macroeconomic front, the meeting was very quiet.The markets have learned before market that current account deficit had settled in France to 4.5 billion euros in May, from 2.9 billion in April, seasonally adjusted data.

The rest of the week will be loaded, the U.S., several interesting publications such as the budget (Tuesday), sales information (Wednesday), registration weekly unemployment (Thursday), or the index of sentiment consumer (Friday).

Caution is also placed on the European stock exchanges should begin when the ball overseas publications.From Monday, Alcoa will launch the festivities with the results of its second quarter.

Zodiac rejects the advances of Saffron: Zodiac leads the DTH

As for values, the supervisory board for Zodiac (7.11% to 42.61 euros) announced Sunday that he would not pursue a business combination proposal made by Safran (-2.62% at 21 , 74 euros).

Alstom (+0.36% at 38.87 euros) was applying for the construction of four stations on the route high-speed rail that will link Jeddah to Mecca, said Sunday the company to Saudi Railways ORS .

Carrefour (+0.12% at 34.63 euros) is to publish its second quarter results on July 15 after the close of trading.Analysts already expect a turnover of 24, 78 billion euros (+5.7%) including 10.29 billion in France (+1.6%) and 5.18 billion (-0.6% ) in hypermarkets.

Cameo (0.62% to 163 euros) announced Friday for the second quarter decreased by 11.3% of its sales, surface and currency comparable because of the lag of a week of dates on balances of June July. The turnover for this period amounted to 190.2 million euros, up 1.1% on published data.

Total (0.27% to 38.4 euros) have launched legal proceedings to challenge the decision of the Court of Appeal of Douai to force him to reopen his site Dunkirk.

Since then, times have changed. The government has announced plans for pension reform last week. A text that unions have unanimously considered "unfair." Guests this Thursday on RTL, the secretary general of the CFDT, Francois Chérèque, regretted "being faced with a country that is willing to change, but change in the wrong direction." Therefore, he hopes an "exceptional mobilization" for this inter-action day.

"The hope was to surpass the one million demonstrators.I think that this figure will be exceeded is obvious, "said François Chérèque, saying that" perhaps two million people "will demonstrate this Thursday. And this, especially since "more than 200 gatherings" are already planned across France. And calls for strikes in the business (as in Saint-Gobain, Michelin, Total, Airbus, BNP Paribas, L'Oreal, France Telecom, La Poste …) have followed since the beginning of the week.

At the Post, some 19.86% of staff were on strike Thursday morning, said the Directorate in a statement against 12.80% last May 27. For its part, the direction of the station has recorded 39.8% of strikers among the railway workers in mid-morning, against 23.2% during the last day of action interprofessional.

The teachers were 31.9% to strike Thursday in schools and 10.3% in secondary schools (including 18.7% in colleges), according to figures from the Ministry of Education published in mid-morning. The schools were little affected, the degree requires organization. On the day of 23 March, the mobilization in the primary had reached 29.8% of strikers, the ministry said.

Another sector to have mobilized public broadcasting had a strong participation in the strike on Thursday. Several television and radio have been deleted throughout the morning. The directions of France Televisions and Radio France, however, had not reported figures to the mid-day. Finally, the publication of several regional newspapers has been disrupted. To major national newspapers will not seem morrow Fridays.

For the secretary general of the CGT, Bernard Thibault, the one million demonstrators should be passed this afternoon. "If that's not enough, we have the sequence of ideas, this is not the end of a cycle, only the announcement of a bill," he warned in a interview with the newspaper 20 Minutes. "I've seen governments fall as safe as this one, particularly on the subject of pensions, has finally found the union leader.

If Nicolas Sarkozy pledged on Tuesday to be "tuned" during discussions with the unions this summer, and it spoke of "possible developments" of the reform bill late last week, some key points text does not change as raising the legal age to 62 years in 2018. And, whatever the mobilization this Thursday."The mobilization will certainly strong, we expect, we do not fear," warned the Labour Minister, Eric Woerth.

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French plan considered "practicable"

The plan submitted by Paris this weekend, is considered "feasible" by the Governor of the Bank of France, Christian Noyer.This has indeed said Sunday he is "perfectly possible" for France to bring its public deficit to 3% of Gross Domestic Product (GDP) by 2013 as foreseen in the government aims to reduce the public deficit (government, corporate accounts, local communities), 100 billion. To do this, the Governor of the Bank of France has called for "priority measures to reduce expenses."

Effort on the sources of expenditure

And that's the government's target. The Budget Minister Francois Baroin said Sunday that the objective will be achieved by making "a major effort on all sources of expenditure, the state plans to cut public spending by 45 billion euros. The Minister added that this effort on ITélé would "not less" than in Germany.In Germany, the government wants to save 80 billion by 2014, thanks to budget cuts in military spending and social.

The question remains what the market reaction. For now, a report published Sunday by the Bank for International Settlements (BIS) says that the bailout of the European Union has not defused the fears of the markets. The institutions in Basel has also reaffirmed that the French and German banks are particularly exposed to the debts of Greece, Ireland, Portugal and Spain with a respective total of 493 billion and 465 billion dollars.

Following this letter, only Veolia was invited to continue the development of the contract. This means that the number one global services to the environment is only now vying for the contract of ten years, possibly extendable to twelve years, which shall become effective on 1 January 2011 cash advance america. Suez Environment has indeed confirmed on Tuesday he was excluded from the tender. Veolia Water, part of Veolia Environnement holds the contract since 1923.

So far, the IMF had not been involved in developing the plan of the European Union. This is not a member of the board of the fund. The proposals could therefore engage the IMF, said it does in Washington.It is expected to "several weeks" of negotiations. The amount of the full plan could exceed the record $ 58 billion set by Korea in 1997 with the conditions negotiated by the IMF.

The multilateral institution also assumed that the share of aid to Greece will represent one third of the package agreed by the other countries of the euro area. But this figure could possibly change after the verdict of the negotiators of the fund. The absence of a margin for adjustment by devaluation, however, seriously complicates the terms that the IMF should negotiate with the Greek authorities.This is not entirely without precedent: for example, Latvia has received 1.7 billion euros from the IMF in 2008, as part of an international package of 7.5 billion, while keeping its currency indexed euro.

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