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While European stock markets, starting with Paris, still closed on Friday decreases, Baroin called to remain calm. The Minister of Economy, which had cut short his vacation to "take stock with his teams," according to the Elysée, stressed the need to "keep a cool head and not make a tracing paper of the excitement that can be observed on a given market. "

Invited to France Info, just after the close of the Paris Bourse, which for the first time ever signed a tenth meeting of consecutive decline, including the minister explained that "the questions posed from a double question mark: the character of the strong global economic growth and the important issue in Europe and worldwide of this problem of public debt. "

On this last point, Baroin said that "the determination of the 17 heads of state of the euro area should not doubt the investors." And remember, in reference to the plan of aid to Greece reached July 21, that "in Europe, there was an agreement by the Heads of State very important because it offered answers online cash advance. These responses must be heard by the markets. "

Latency

The Minister of Economy, however, admitted that there was "a latency reduction" between the announcement of the plan, which is "a good plan," and its practical implementation. It must indeed be ratified by national parliaments. In this regard, Baroin was keen to dispel doubts about the possibility of rejection by the German parliamentarians. "The plan will be voted on July 21. There is no other way to protect our currency which is the common good of the countries in the region, "said he.But "time is not the Democratic one click of a market operator," he said.

In order to "restore investor confidence," Baroin also ensures that "we must strengthen the governance of the euro area to make it optimal."

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If prices continue to increase, rising interest rates tend to slow down on its side. The latest results of the Housing Credit Monitoring / CSA published Monday, the average rate charged by banks for getting a home loan rose to 3.90% in July, or 0.04 basis points over that in June.

It's much more at the end of 2010, where it reached a low of 3.27% on average, before rising sharply in the first quarter of 2011. In the early months of the year, interest rates have taken nearly 10 basis points per month, before slowing gradually to rise in the second quarter.

Because the factors that competed so far in the rise in interest rates now seem not to have to play. "The increase began in November 2010 was related to liquidity constraints imposed by the Basel III.To satisfy them, the banks have increased their margins on new loans payday loan lenders. Today, this adjustment – of around 70 points to 100 basis points depending on the establishment – is probably done, "said Michel Mouillart, an economist at Paris X-Nanterre.

Other factors, however, could take over. The cost of money, in particular, could rise because of uncertainties related to the amount of sovereign debt. For the moment, "this factor did not play," said the economist. But it is already expected that the three-month interbank rates and increasing to ten years until 2012, drawing upward those for mortgages. "The movement of rising interest rates should continue," predicts ultimately Eluère Olivier, an economist at Credit Agricole.

Increase the duration of loans

Photo credits: Jean-Christophe Marmara / Le Figaro

While the competition is fiercer than ever on the mobile phone market, after the battle of VAT and before the arrival of Free Mobile, Bouygues Telecom has decided to strike a blow. The group on Monday launched B & You (pronounced in English "and you bi"), a new brand in its own right, only distributed on the Internet, but in return offers two packages very aggressive.

B & You offers calls, SMS, MMS and unlimited Wi-Fi 24 hours 24 to 24.90 euros a month. A second formula, to 36.90 euros a month, adds more internet access 3G + (up to 500 megabytes).

Packages actually aggressive, which puts B & You among the cheapest in the market. Note however that these prices are for offers "naked", that is to say without subsidized mobile phone operator.Clearly, the customer will keep their old phone or pay for its new mobile "full price", or about 600 euros for a iPhone4 example. This is the cost of the mobile operator itself. The offer is therefore suitable for consumers who do not want to change mobile. Another advantage for the customer is not forced to embark on a period and is free to change operators at will.

The offer is cheaper for the customer because it is more economical for the operator: exit the costly call centers, stores, everything is online only. In case of failure? The client manages to find the answer through the forums, or returns its mobile mail through a relay package.Left to make do with an old mobile in the meantime.

The new brand, which is both very highly participatory and community, offers subscribers a Web site, a forum, a blog, a space on Facebook and Twitter, where they can submit their problems, provide advice , vote for or against future offers, etc..

"This is the mobile phone 2.0," said Caroline Lehericey, Director of B & You. "Our goal is the generation Internet, users tend to be young, on the lookout for low prices, very comfortable with technology and reluctant to need help."

Create the break in the patterns of market

This new brand, which is managed by the communication agency DDB, functions as a start-up independently. It has of course the network of Bouygues Telecom.The operator Bouygues Telecom, meanwhile, retains its identity, with its network of stores, its service, its consumer hot lines, etc..

It is a flagship project for the group, working for months on this project top secret, under the code name "U2". Inventor of the package in 1996, the first unlimited offers all operators with Neo and the fixed-mobile convergence with ideo, Bouygues Telecom hopes to re-create the "break" in the habits of the market.

Conservative, the company does not communicate sales targets. She claims to have created a brand responding to an emerging need that may develop in the future. And if B & You start with two mobile offers, nothing does it markets tomorrow as the Internet box.

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At Paris Air Show, Airbus steals record after record. While the European aircraft manufacturer has been a landmark order yesterday from the Indian carrier IndiGo, involving 180 Airbus A320 150 A320neo, a subsidiary of EADS did even better on Thursday. During the fourth day of the Paris Air Show, the manufacturer confirms the largest order in the history of civil aviation in the number of devices with 200 Neo A320 from Air Asia. The boss of AirAsia said Thursday that the day would be a "great day" for the company. AirAsia, based in Malaysia and largest low cost airline in Asia, with this command becomes the largest customer of Airbus.

In addition, American Airlines is about to acquire from Airbus over 100 single-aisle A320 series, according to Bloomberg. The price of the order could amount to about $ 8.5 billion at list prices.These devices replace less efficient airplanes like the Boeing 757 and MD-80. This command would be a setback for Boeing since the company is usually the client U.S. aircraft manufacturer, Airbus' main competitor.

After its intention to buy A320neo, the airline GoAir Indian low cost has signed a firm order this morning for 72 medium-haul of its kind.

Since the beginning of the show, the success of the A320neo is undeniable: it should pass the milestone of 1000, just seven months after its commercial launch. Subsidiary of EADS has already exceeded its targets since was 500 A320 orders by the end of Bourget.

Other models also reap Airbus orders this Thursday

The A380 also encounter expressions of interest. Skymark Airlines has confirmed Thursday morning ordering two A380s.The amount of this additional order would reach at list price, $ 750 million.

In addition, Airbus hopes to get "a significant portion" of the large order that would formalize Air France-KLM this summer, said Thursday Fabrice Brégier, Chief Operating Officer of the European aircraft manufacturer. The French company could opt for the A350 model. "We believe that the A350 has advantages over the Boeing 787. For us to make to Air France-KLM, "commented the manager.

For now, the official death toll is over 700 orders and options, including 347 firm orders for Airbus in three days. The total amount of these orders, at list prices, at more than $ 65 billion.Boeing is so far below as the U.S. garnered 126 orders and options, including 61 farms, pour19 billion.

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U.S. stock markets are changing very slightly higher on Tuesday, spurred by bargain hunting after plogeon the day before. The Dow Jones rose 0.21% to 12,407.07 points, the Nasdaq advance of 0.23% to 2765.11 points and the S & P 500 gained 0.38% to 1322.35 points.

On Monday, the NYSE has closed lower for the second straight session, giving back to concerns about the debt of several countries considered fragile in the euro area and undermined by the sharp fall in oil prices has weighed on the energy sector.

The euro against the dollar resumes

While concern has focused until recently on the Greek case and the single issue of debt restructuring, they come to spread to other fragile countries of the euro area, including Spain.Even Belgium was concerned, as Fitch downgraded to "negative" view of the note because of the persistence of the institutional crisis in the kingdom.

In the wake of heightened tensions, the euro fell against the dollar, moving below the $ 1.40 for the first time in over two months. On Tuesday, the European currency regained a bit high. In early afternoon in Paris, the European single currency was worth $ 1.41.

On the macroeconomic front, investors will monitor the new home sales and expenditures and household incomes.Among the other highlights of the week, the Michigan index, and promises of sales are expected on Friday.

Bank of America pays $ 410 million to customers

Bank of America 0.30% to 11.45 dollars

The side of values, Bank of America has found a tentative agreement Monday night to pay $ 410 million to customers who complained of excessive bank charges after an overdraft on their account. The complaint partnership had attracted about one million customers aggrieved.

Coca-Cola Enterprises: 0.69% to 29.33 dollars

Also note, Coca-Cola Enterprises (CCE), the leading bottler of Coca-Cola products in Western Europe, is listed since this morning on NYSE Euronext Paris, in addition to its listing in New York.The IPO price was set at 20.73 euros per share and the market capitalization of CEC on the day of the introduction amounted to 7.06 billion euros.

eBay: 0 no checking account payday advance.28%: 31.72 dollars

The distribution group online eBay does not use its earnings from the acquisition of Skype by Microsoft to make acquisitions, said its chief executive John Donahoe in an interview with the Wall Street Journal.

Cisco Systems: -0.40% to 16.29 dollars

The spiritual movement Falun Gong filed a complaint with the U.S. against the U.S. computer equipment manufacturer Cisco Systems, which he believes helps the Chinese regime to suppress its followers.

Avon Products: 0.94% to $ 30

After the close DeWall Street, Avon Products has announced the appointment of Kimberly Ross, currently CFO of Dutch Royal Ahold, as Vice President and CFO of Avon.

Blackstone: 0.54% to 16.64 dollars

For his part, Blackstone seek transfer of real estate assets in Canada for about $ 900 million according to Reuters.

Sigma Aldrich: 0.53% to 68.62 dollars

Sigma Aldrich has announced the acquisition of Brazilian VETEC Quimica Fina Ltda, a provider of specialty chemicals for industry and research.The transaction, whose terms were not disclosed, should have no impact on results.

Union Pacific: 0.26% to 101.85 dollars

Union Pacific has announced the launch of a limited supply to exchange $ 750 million of existing bonds with bonds maturing 2022 and a partial settlement in cash.

Applied Materials: 0.69% to 13.89 dollars

The presentation of results from Applied Material, Tuesday and especially the speech which should also accompany attention. The group was downgraded by Goldman Sachs Friday because of a reduction in forecast request to the semiconductor industry.Also today, Compuware will also deliver his views on the changing demands of business and therefore on the strength of their investment in information technology.

Russian Yandex Internet group in turn could make a sensational debut on the Nasdaq, a week after scoring a spectacular goal in professional social network LinkedIn, says New York Times. The action Yandex will be sold at a price of 25 dollars, far beyond expectations, the newspaper said. Such a price would value the group at Moscow $ 8 billion.

The state coffers can thank the cell regulation. Active from April to December 2009, this unit has urged the French assets hidden abroad to come into line with the Inland Revenue. The repentant pay the tax due – 7 years EWB, 3 years of income tax and potential inheritance tax – but in return he received a discount on penalties. With this offer, Bercy recovered to date almost one billion euros: 887 million overdue taxes plus 70 million in penalties. These figures were provided by the Budget Ministry to Jerome Cahuzac, President (PS) of the Finance Committee of the Assembly.

500,000 French accounts in Switzerland

This billion may seem weak against 5.6 billion earned by the Italian tax authorities. But Italy had offered an amnesty to his repentant, who paid a fine.France, including the budget minister at the time, Eric Woerth, refused amnesty on principle. Explaining that a political choice less than 5000 people (4725) are gone in the cell, whereas, according to some experts, there are 500,000 French accounts in Switzerland. In short, France has preferred to draw little repentant but take a good revenues. Revenue which, after being estimated at 700 million in early 2010, will certainly exceed the billion ultimately. For all the records are not curly. Only 1600 have paid all repented their due. For 2605 of them, the transaction is entered into with the IRS but there are still remnants of income tax and penalties to settle. Finally, 523 cases are being processed.Everything should be completed by the end of 2011, according to Bercy.

In detail, the cell has recovered 497 million ISF 233 million inheritance, 157 million income tax (IR), the 7.3 billion in assets reported by the French who are reported. "Those who have regularized their situation are often people who have inherited their parents' accounts in Switzerland. These assets traditionally reported little income. And the crisis has aggravated the situation, "says Bruno Gibert, Partner at law firm CMS Bureau Francis Lefebvre. That's why the IRS has collected little IR.

HSBC list

Penalties have so far brought only 70 million. "This amount seems low. I ask for clarification Philippe Parini, the director of public finances, at a committee hearing in May, "said Jerome Cahuzac.This figure corresponds to an average penalty amounting to 7.8% of the tax, is nevertheless consistent. Indeed, Bercy was decided to limit the penalty to 5% for those who did qu'hériter hidden assets and 20% for those who actively concealed the money, instead of the 40% effective usually. "Furthermore, with the payment of taxes due those who have settled have left a total of between 10% and 15% of their capital. This is not nothing! "Says Bruno Gibert.

Today, although the cell has closed its doors, the lawyers continue to file folders regularization Bercy. "But for now, they are not treated," says one of them. The tax is especially busy launching the 3000 fiscal controls on persons from the list of accounts with HSBC hidden in Switzerland. And despite the fact that the Court of Appeal of Paris has declared illegal the file from a flight. "This case concerns me.It should not be that tax evaders are doing, "says Jerome Cahuzac.

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Starting this week, the French will receive in their mailbox the usual blue print from the tax: the tax return. The Department of Budget commences in fact its shipments to 36 million homes Tuesday and completes tax May 4

This time he is to declare the income year 2010, revenues will be used to calculate the income tax (IR) paid in 2011. Households that still use the paper return will have until May 30 at midnight to do their job.Those who declare on Internet impots.gouv.fr – it will be possible from April 26 – as usual will have additional time: until June 9 to midnight for departments numbered 1-19, until 16 June for those numbered 20-49 and until 23 June for those numbered 50-974.

This year, Bercy has further simplified the statement by the Internet, increasing the number of pre-filled boxes (which are already numerous, both on the Web than on paper)."The information télédéclarées the previous year as the full names of children or the details of actual costs will préaffichées on the Web," says one of the department budget payday loans in 1 hour.

Monthly modular

Also new, having declared online and conducted a simulation of their tax liability, taxpayers will be able to adjust their monthly payment.

Bercy hopes to convert a few more taxpayers to the Web. "We went from 3.5 million in 2005 to more remote declarations from 10 million last year, welcomed yesterday Baroin. The Minister also took the opportunity to highlight the involvement of the Directorate General of Public Finance (DGFIP) Authority of calculating and collecting taxes. "25,000 workers were mobilized to accompany the French this year," he said.In 2010, officials of the DGF Live IP helped 4.7 million people to make their statements and answered 3.1 million calls. The game is worth it: the IR reported to the state 47 billion euros in 2010.

Final point: the explanatory statement attached to said that tax loopholes are now capped at EUR 20 000 plus 8% on income and capital gains from sale of stocks and bonds are subject to payroll taxes at 1 first euro transfer.

Shortly before the opening of Wall Street index futures Standard & Poor's 500 and Nasdaq 100 retreated 0.51% respectively to 1302 and 0.67% points to 2293 points, suggesting an early session in the red. The Dow Jones was due in part to its decline from 0.41% to 12,149 points.

The day before, the U.S. stock market had entered into an indecisive session slightly higher. The results of the first quarter of JPMorgan, though strong, were certainly enthused the stock markets, by and of the Atlantic. But they also left Wall Street more lukewarm. The title JPMorgan also yielded 0.83% at closing."The outstanding consumer loans, down from 8.50% in the quarter were disappointing in this publication," suggested Christian Parisot at Aurel BGC.

Obama's speech and the Beige Book Fed's call for caution

Prudence markets, fueled by retail sales figures mixed, could also be explained by the expectation on Wednesday, after closing a speech of Barack Obama since the George Washington University, the preferred solutions for fight against debt and deficit. The U.S. president has proposed including more taxing wealthy households.Objective: to reduce the U.S. deficit of 4000 billion over 12 years.

The Beige Book Fed unveiled, also on Wednesday evening, has not reassured the markets: according to this highly anticipated release, "the Japanese disaster of 11 March will have a greater impact than expected on the U.S. economy , "because of disruptions in sales and production (especially on the East Coast and central United States)," says Franklin Pichard, Director Barclays Exchange payday loans guaranteed no fax.

If the activity has continued to improve in the United States, this improvement has been uneven from one region to another. Soaring commodity prices began to threaten corporate margins and consumer spending.According to the Fed, the housing market remains depressed, even if the labor market, however, is stronger than in February.

Producer prices and jobless claims

Side indicators, foreclosures in the United States are divided on the rise in March, said this Thursday, the specialist firm RealtyTrac, which are expected to grow further in the coming months. In total, 73,174 homes were seized by creditors in March, up 13% from February, according to figures from RealtyTrac.

On the agenda of the day, the producer prices for March will be announced at 14:30, at the same time that the registered unemployed.This Thursday and Friday, also held the ministerial meeting of the G20 in Washington.

Google and Hasbro unveil quarterly leursrésultats

On the corporate side, after Alcoa and JPMorgan, it is this Thursday, Googleet Hasbro unveil their accounts in the first quarter.

Zipcar, a U.S. car rental self-service, also announced Wednesday it fixed at $ 18 the price of the 9.7 million shares it plans to market Thursday, which would an IPO at some $ 164 million. This price action, revealed in a document released Wednesday by market authorities, beyond the range of 14 to 16 dollars advanced last week.

Slipped into the 154 pages of the IMF paper, five lines attract attention, given the French context. "The risk exists that the electoral timetable in the United States, France and Japan and possibly elsewhere, may complicate the implementation of policies" to reduce deficits, says the institution of Washington. Institution led by Dominique Strauss-Kahn, a putative candidate for president in 2012 French …

"Experience shows that a divided Parliament or the impression of a weak political stability leads to poor execution plans aggressive fiscal consolidation," reads the report yet.Does this mean that the IMF is considering a change of government in France, and held that the right will make little effort to reduce the deficit before giving way to the left? Or that the Fund is betting on the absence of a clear majority? "It is especially typical example of arcane formula that emerges from the IMF, where every sentence is weighed by an army of technocrats before publication," quips a connoisseur of the institution cash advance.

Curiously, this passage of the document does not mention that Portugal has to appeal to the Fund in full political fog, with Parliament dissolved! "Behold the man who will lead the country's finances," headlined Tuesday local newspaper Correio da Manha popular with the photo on its front Poul Thomsen, head of the IMF mission to negotiate the plan of assistance Portugal, came in the wake of Lisbon.The Portuguese delegation welcomed with suspicion, as evidenced by this photo of a giant graffiti on the front page of Publico: "IMF, out!"

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Despite the return of large mergers and acquisitions, the CAC 40 remains in the red, while the growing concern over Portugal after ratings agency Moody's has further worsened the country score. At mid session, it loses 0.62% to 4017.94 points.

At the Stock Exchange Frankfurt, the DAX 30 lost 0.36% to 7149.51 points, for its part, the Footsie-100 from the London Stock Exchange was down 0.32% to 5997.69 points.

With the exception of the Nikkei, which lost just over 1%, most Asian stock indices move in the green. On Monday, the Dow finished at its highest closing level since early June 2008, at 12,400.03 points.

On the macroeconomic front, growth in activity in the services sector accelerated further in March to its fastest pace since last August. The services PMI rose to 60.4 against 59.7 in February. An initial estimate had been given to 60.7 on March 24.

For the euro area, this index stood at 57.2 against 56.8 in February, its highest level since August 2007. It is superior to the flash estimate of 56.9.

Also for the euro area, retail sales came out slightly down from 0.1% in February compared to the previous month after rising 0.2% in Jan.

In the U.S., the ISM index of activity in services is expected in March to 16 hours.

On the currency markets, the euro fell slightly against the dollar at 1.4181 at midday in Paris.

Oil prices retreated Tuesday morning. In morning trading, a barrel of light sweet crude for May delivery lost 0.39% to 108.05 dollars.

EDF, the biggest drop Cac 40

The values ​​of energy (EDF, GDF Suez, Total, Air Liquide) are also tracked by investors.EDF lost 3.69% to 28.45 euros, GDF Suez fell by 3.25% to 27.35 euros and Air Liquide was down 0.25% to 95.52 euros, in contrast, loses 0 Total , 20% to 43.29 euros.

The government announced the cancellation of the rising gas prices on 1 July and the study of a new pricing formula. In contrast, electricity prices will rise by 2.9% on 1 July. Matignon has also confirmed that the oil companies will be involved to curb the soaring fuel prices one hour payday loan.

Banks battered on Tuesday after Moody's downgraded the rating of Portugal. The rating agency does not lower it again.Societe Generale loose 2.37% to 44.72 euros, BNP Paribas dropped 1.73% to 51.83 euros, Credit Agricole sells 2.73% to 11.39 euros and Natixis was down 0.96% to 4 , 01 euros.

STMicroelectronics: 2.72% to 9.02 euros

STMicroelectronics benefits of the takeover bid by Texas Instruments of National Semiconductor for $ 6.5 billion (4.6 billion euros).

Areva: 2.12% to 31.75 euros

A list of candidates shortlisted by the Supervisory Board of Areva to hold the presidency of the Executive Group was deposited on the office of Nicolas Sarkozy, according to Liberation, citing near the head of state.

L'Oreal: -1.36% to 82.77 euros

According to the daily 20 minutes, the boss of L'Oreal, Lindsay Owen-Jones would be the subject of a complaint filed by Janez Mercun, a Slovenian who had a contract with L'Oreal granting the exclusive distribution market Russia.

PSA Peugeot Citroën: 0.39% to 28.58 euros

Gefco logistics group, a subsidiary of PSA Peugeot Citroën has signed with Italian funds RP3 Venice and a contract to acquire their share of 70% stake in Gruppo Mercurio, an Italian specialist transport and distribution of vehicles .

Cap Gemini, +0.01% at 41.55 euros

Cap Gemini is expected to announce Tuesday the acquisition of two French companies, and Artesys Avantias for $ 40 million, according to Les Echos.

Havas: -1.41% to 3.85 euros

Havas announced the acquisition of the independent agency Farm Strategy, without specifying the amount of the transaction.

Technip: +0.10% to 77.10 euros

Technip awarded a contract by RWE Dea for the development of gas field Clipper South in the North Sea.

Belvedere Trading on shares was suspended on Tuesday at the request of the company after the resolution of the preservation plan of the group of wines and spirits, delivered Monday by the Tribunal de Commerce de Dijon. The stock closed Monday up 8.67% to 66.20 euros.