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Sudden weakness of the single currency. The meeting between Nicolas Sarkozy, German Chancellor Angela Merkel and the new Italian Prime Mario Monti yesterday in Strasbourg has not convinced the markets. Shortly after their meeting, the euro fell against the dollar: it fell from 1.338 before the dollar to 1.332 dollar tripartite summit after the conference. And the single currency falling off again this morning it is trading at 1.3309 against the dollar, its lowest level since Oct. 6.

Same movement in the markets. European shares erased their gains shortly after the summit and the moral is not looking good this morning in Asia. In addition, the cost of borrowing countries in the euro area rose: Italian rate to 10 years treated with 7.1%, a level considered unsustainable in the long term for highly indebted countries.

What the cash advance is designed for is to cover temporary financial difficulties without damaging your credit score.

In June 2001, less than a year before the presidential election of 2002, left and right united voted in favor of a major fiscal reform, that of the organic law on public finance laws (LOLF). This text made more transparent accounts of the state. Driven by Didier Migaud at the time of the general rapporteur Socialist Finance Committee of the Assembly, and Alain Lambert, President of the same centrist Committee in the Senate, the reform has been a consensus.

Such a consensus is lacking today to the golden rule, the constitutional reform that would lead to a zero deficit.Yet it is, as LOLF, only to reform "technical", which does not tend to lead policy (tax increases or spending cuts) to balance the books saving account payday loan.

In addition, France is now bound by a commitment: EU leaders decided to adopt in their country a golden rule by the end of 2012. At a conference held for ten years LOLF Thursday, François Fillon regretted blocking the left. "In the deep crisis in particular the euro area, (the Golden Rule, Ed) is an extremely strong sign of the will of all political forces of our country to achieve the goal of zero deficit" he said.

With LOLF, France produced a decade of budget information better. Previously, Parliament voted the new spending next year. It is no longer the case since the draft budget for 2006.

An oil close to $ 100

Oil markets have returned to their highest in the summer of last week. In New York, a barrel of light sweet crude for December delivery ended the week and to 93.32 dollars, pocketing 11.5% in five days, while in London, Brent crude gained 4% over the same period at 110.02 dollars. These levels were no longer observed since last August.

This surge is due to the euphoria that followed the agreement on a plan to end the crisis in Europe. As the equity markets, the announcements of European leaders were welcomed by a jump in current operators rejecting the idea of ​​"economic calamity," said John Kilduff, of Again Capital. In addition, China's second largest consumer of oil in the world, issued a manufacturing PMI at highest level in five months.U.S. GDP also rose by 2.5% yoy in the third quarter and increased consumer spending by American households has accelerated in September to 0.6%. Another factor is bullish: "There are investors who claim that the Americans withdraw from Iraq, it will add to the volatility in the Middle East. It was also the new regime in Libya during a test, "noted Rich Ilczyszyn, MF Global no faxing payday loans.

The higher prices could have been even stronger if there had been publishing a weekly report on bad stocks Wednesday. Surprised, analysts questioned the causes of such weekly increase, especially imports have continued to slow in recent weeks. Phil Flynn, analyst at PFG Best Research, put forward a hypothesis: "the oil accelerated their pace to arrive before the hurricane Rina.The metal was also supported by the ongoing tensions in the global supply. Thus, the American Freeport-McMoRan said Wednesday the "force majeure" for its Grasberg mine in Indonesia (site producing between 3% and 4% of world supply), paralyzed from mid-September by a violent strike.

Aluminium was supported by a decline in world stocks (5% in September, its lowest level since December). The course is finished in 2221 dollars per tonne (3.6% for the week). Tin is always paid by the interruption of exports from Indonesia (30% of world production of tin), decided in early October by domestic producers in order to trace the course. The stocks of this metal on the LME have since decreased by 21%. Classes end at 21,870 dollars (0.55%).

Controllers return to work gradually. After La Rochelle and Paris Sud Est (Gare de Lyon), several sites have voted Friday morning to return to work, like Bordeaux, Reims, Chambery, Dijon, Lyon, St Etienne, Toulouse or Besancon. Other websites should take a similar decision at general meetings planned in the afternoon. The management of the SNCF

Many controllers SNCF had exercised their right to withdraw on Thursday afternoon to work after the announcement of the attack on a colleague on a train on the Corail Lyon-Strasbourg. In an interview with Figaro.fr, the president of the SNCF appealed to the coolness of the railway to resume work soon and would discuss with the unions to turn.Management has undertaken to present an emergency plan with the security services.

Traffic TGV, Corail and TER is still disrupted, although the situation has improved significantly over the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2. To find out if their train is running, users are encouraged to consult regularly Infolignes site, or call toll free (free from a landline) 0805 90 36 35 credit score.

Toll and information site

SNCF always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket. Good news however for users Transilien (train network in the Île-de-France), the Thalys and Eurostar.Traffic on these lines is normal according to SNCF.

"There is no point in penalizing travelers"

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night. According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

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.

Having started a rebound on Tuesday, Asian stock markets appear again in the red, concerned the debt crisis in Europe. At the close, the Nikkei declined 1.14% and so on 8518.57 points, against the current Wall Street has ended the session little higher on Tuesday. Markets are awaiting a decision by Beijing to buy-or-no Italian sovereign debt, "China will continue to increase its investments in Europe," said Premier Wen Jiabao, at the opening of the "Summer Forum" Davos in Dalian (north-east) on Wednesday.But he is hopeful that the leaders of major European countries consider their relationship with courage to China a strategic point of view. "

Another new fueling hopes of a crisis: the five emerging BRIC (Brazil, Russia, India, China, South Africa) should discuss next week the opportunity to help the European Union by increasing their holdings of bonds denominated in euros.

Growth outlook gloomy

On the macroeconomic front, the growth of emerging economies in Asia will be less pronounced than assumed in 2011 and 2012 as a result of a decline in exports to the United States and Europe and high inflation, said on Wednesday a report by the Asian Development Bank.Thus, economic growth in Asia (excluding Australia, New Zealand and Japan) should come out to 7.5% in 2011 and 2012, respectively, against 7.8% and 7.7% estimated in April. As for values, values ​​Japanese exports remain under pressure. Canon Inc. falling 3.64% to 3,310 yen and TDK Corp. of 2.28% to 2828 yen.

Other Asian stock markets follow the downward trend of the Nikkei: The Kospi index in Seoul falling 2.95% to 1759.46 points, the S & P / ASX 200 in Sydney down 1.21% at 4023.50 points, the Hang Seng Index of Hong Kong 1.34% to 18,775.39 loose points, and the CSI 200 Index of Shanghai down 0.67% to 2702.08 points and the FTSE Singapore Straits Times Index down 0.26% at 2722 , 20 points. Only the BSE Sensex 30 Bombay rose 0.24% to 16,506 points.

On the foreign exchange market, the euro was down at 1.36 dollars (-0.30%).Oil prices were also down Wednesday in Asia, markets still worried about the debt crisis in the eurozone and a possible bankruptcy of Greece, analysts said. In early electronic trading, a barrel of "light sweet crude" for delivery in October lost 71 cents to 89.50 dollars per barrel of Brent North Sea crude for October delivery 9 cents to 111.80 dollars. "With the danger hovering over the Greek market, prices are highly volatile, very nervous," said Nick Trevethan, commodities analyst at ANZ Research in Singapore.

After the increase in VAT on the inputs of the theme parks last week, the elimination of rebates on real estate gains promises to be the main divisive issue of the week opens. This provision, very criticized, only affects second homes and rental investment (principal residence remains, as before, exempt from taxes). But it is radical: since August 25, the capital gain on resale is taxed at 32.5%, regardless of the length of detention of the property. Previously, the taxable gain was undergoing a reduction of 10% per year from five years in prison, which made totally exempt from taxes in fifteen years.Delete this reduction is therefore a true revolution that will represent, in 2012, over 2 billion euros in additional revenue for the state budget!

For many members of the Finance Committee, the government was wrong to brutally suppress the abatement system. "This chopper's austerity plan is absurd, asserts the centrist MP Charles de Courson. It will freeze sales. Transfer taxes, which are sitting on real estate transactions and represent a significant tax revenue departments and municipalities, will collapse. "The deputy also fears an increase in under-the-table, in order to limit the most capital gain to report.Many also fear a destabilization of the market for rental investment.

Members of the Finance Committee, under the aegis of their rapporteur UMP Gilles Carrez, have decided to table an amendment that will restore an allowance of 5% per year after five years free online credit report. What can a total exemption from capital gains tax at the end of twenty-five years. They also want to refer to 1 December 2011 or January 1, 2012 implementation of this measure.

But there's a catch: Bercy awaiting the removal of allowances 200 million savings in 2011 and 2.2 billion in 2012. The restoration of a 5% reduction would cost 900 million full year. Aware of the need to preserve public finances, Gilles Carrez proposes to increase the tax on patents."This is a measure anticompétitivité," retorted Bercy where people still say "open to discussion as long as the deficit does not widen."

A gesture is expected

Reportedly, the Budget Ministry is prepared to make a move on entry into force of the measure on second homes (which could be a little delayed) and would eventually restore a favorable tax abatement in the time, based on a total exemption from taxation of capital gains after thirty years rather than twenty-five as proposed by Gilles Carrez. Between last-minute negotiations and uncertainties on the position of Members who are not part of the Finance Committee, voting in the National Assembly is uncertain. Not to mention that it could be unraveled in the Senate."No decision of economics can not be accepted in the general joy," says Philippe Marini, the UMP rapporteur of the Committee on Finance of the High Assembly, which considers the extent of the government "justified".

Teens and their parents flock there. The phenomenon Abercrombie & Fitch has landed in France on May 19, down the Champs-Elysees, with its formidable marketing clout. Home glamorous youths by the Paris flagship store of American education is the temple of polo shirts, tee-shirts and jeans, amid loud music, light and fragrance ultratamisée excessive."We are very happy with our opening in Paris," said mercredila leadership of the group, still very concerned about its image … Irritated by the bad publicity that makes him free Michael Sorrentino, a member of the cast of reality show "Jersey Shore" on MTV, she just offered to pay the person to change his wardrobe!

Despite the quarterly results better than expected, the action Abercrombie & Fitch has lost 6.5% Wednesday to the New York Stock Exchange, investors who held that the prospects bleak in the face of declining consumption and increase in the prices of raw materials in textiles. Sales in late July, the group, which operates 1073 stores, rose 23% to 916.8 million dollars.In stores constant, the increase was still 9%: 5% for the brand Abercrombie & Fitch, Abercrombie Kids 7% and 12% for Hollister Co, which plans to open four stores in France by the end of year no fax payday loans. Net income totaled $ 32 million, against 19.5 million a year earlier. "The cost pressures will be stronger during the second half of the year and macroeconomic uncertainty is greater," warned Mike Jeffries, president of Abercrombie & Fitch.

From 60 to 65 closures in the U.S.

United States, consumer confidence fell in August to its lowest level for over thirty years. Further price increases may slow their spending even more, while the new school year is crucial for the ready-to-wear.In this difficult context, Abercrombie & Fitch warned that it would close from 60 to 65 stores in the United States, most corresponding to maturities of leases at year end. But the chain has confirmed its willingness to open five flagships during the fiscal year 2011 (including Paris). Madrid, Dusseldorf, Brussels and Singapore are scheduled for the fourth quarter. Hamburg is announced for spring 2012, and Hong Kong in the summer. Hollister provides more than 40 openings abroad, in shopping malls.

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For several weeks, the office buildings are covered with small colorful characters. Launched in January at the initiative of an employee of Ubisoft, "the battle of the post-it" invades the open spaces for the summer holidays. The principle is simple: employees are a challenge to those of a company in vis-à-vis, drawing on their windows one or more video game characters with post-it. If they fight back with another figure, the war is declared.

Ubisoft and BNP Paribas initiated this spontaneous phenomenon in "confronting" of both sides of the Rue de Valmy, in Montreuil.Word of mouth and the summer did the rest, spreading the game beyond the town of Seine-Saint Denis, first in defense and in Issy-les-Moulineaux, Paris Intramuros, a province … increasing number of employees swelled from the ranks because of this battle informally, in large companies storefront as in smaller SMEs.

"Good child"

But despite the time spent on this activity unprofitable, the phenomenon raises the overall membership of business leaders. "My boss is OK to be launched into the post-it war," said an employee of Twitter. "It's friendly, pleasant, and it strengthens the team spirit," one responds well to Société Générale, challengée recent weeks by employees of Merck and GDF Suez of Defense.

In the middle of summer, human resources are rather favorably employees gather around a fun activity, like a sports tournament. "Our managers like to see that they pose challenges challengent and other businesses payday loans no teletrack. Especially since all this takes place in a friendly atmosphere. Our employees have recently met the other side at a picnic, "says one at Merck, where a dozen people involved in the movement of 350, mostly among biomedical research teams.

"Phenomenon minority"

An observation shared by a fortiori Ubisoft. The video game maker has indeed little to lose in seeing a phenomenon that is spreading the culture of gaming to the front of the stage. "Internally, I see most of the teams that are boosted, a theme which is our corporate culture.We have not even thought of regulation, "said Caline Christophorov, management of human resources. One hundred employees of Ubisoft are currently involved in open warfare against the computer at BNP Paribas. Ironically, the conflict extends from the last week in the other building Ubisoft Montreuil, opposite … from BNP Paribas.

This vector cohesion is all the more welcome by the human resources are concerned ultimately little to the productivity of their employees. In addition to these "post-it war" are growing at a time when the activity is less intense, companies stress that participants are often few, and responsible. "We trust our employees to not intrude too much on work," said Caline Christophorov. "This remains a minority phenomenon among us," does one judge also Renault, known somewhat lax.And the builder continued: "People still have the right to breathe for a second, right?"

"Avada Kedavra!" From the Aramaic "adhadda kedhabhra" meaning "that the thing be destroyed", the magic world of Harry Potter describes perfectly how the saga has shelved the James Bond and Other War stars of a economic point of view. On the eve of the release of the eighth and final installment of the series in dark rooms ("Harry Potter and the Deathly Hallows Part 2"), the figures give the spin: in total, the first seven films have generated some 6 , $ 4 billion (4.4 billion euros) in revenue worldwide, according to the U.S. studios Warner Bros. By itself, the first film adaptation in 2001 was worth almost a billion dollars.

Most successful in the history of cinema, the adventures of the bespectacled wizard is also the most successful global publishing.Since the release of first installment, "Harry Potter and the Sorcerer's Stone" in 1997, over 400 million books were sold, having been translated into 69 languages ​​and 200 territories.

Consequence of its popularity, the saga has been an all-out merchandising. In all, video games and other clothing, stuffed animals and candy bearing the image of the heroes of the series would yield more than a billion a year, according to AFP. In June 2010, a theme park has even opened its doors in the United States. Stamped "The Wizarding World of Harry Potter" ("The Wizarding World of Harry Potter"), the attraction has cost $ 200 million, and would experience a growing success since its opening.

20 million books sold in France

Well represented in the saga (including the Academy of Magic Beaubâtons), France has not escaped this wave.According Gallimard Jeunesse, which has an exclusive publishing contract, the figure of 20 million copies sold recently passed. In the dark rooms of the Hexagon, the adventures of Harry made a card, even if the number of entries went out over the decrescendo. The first movie ("Harry Potter and the Sorcerer's Stone") has attracted some 9.4 million entries, against almost 6 million for the first part of the seventh installment.

Olivier Snanoudj, vice president of Warner Bros France, the decline in the number of entries "not surprising" since, over the episodes, movies, like the books have become "increasingly dark ". "As a young child, and by extension their parents or grandparents, came to the movies less," said he. This does not prevent targeting "a minimum" the bar of the six million tickets for the final film in the series."All fans want to see the end" of the adventures of young wizard, he bet.

Gallimard reissued the series in October

Display, advertisements in the press, promotion on the Internet … Nothing in any case been left to chance to boost inflows. Thus, the film was scheduled at the beginning of the school holidays and in the wake of the film festival, a promotional weapon of choice. Highlight of the campaign, a preview was held by Warner Bros. on Tuesday evening at the Palais Omnisports de Paris Bercy. "We installed the largest 3D screen in the world with six projectors, for an audience of 8000 people," recites the vice president of the distributor.

Via this strategy, the distributor looks forward "to revive the cash machine in particular in view of Christmas sales, or special boxes will probably days," slips a specialist.Hand books, Gallimard Jeunesse has relatively good performance of the game first, "the release of the latest installment in the film is likely to boost the sale of books, as has always been the case in the past," said Frédérique haunch, responsible for the communication of the publisher. And to project, announcing a repeat of the saga, in Volume by volume, from the month of October. With the menu, "new coverage to be carried out by the famous English designer Jonathan Gray," she says. Thus, Gallimard Jeunesse renewed the assault of a young audience, "from 8 to 10 years, as we did 15 years ago." On the commercial side, Harry Potter has not said its last word.

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