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Small volumes of trade and wait. This could be the profile of the session on Wall Street Monday. After closing up on last Thursday (Friday was a holiday), the NYSE was heading toward an opening in the green Monday. Upstream of the opening, the futures contracts reflected an increase of 28 points on the Dow Jones at 12,462 points, 4.4 points on the S & P 500 at 1335.4 points, 6 points and the Nasdaq , at 2381.5 points.

Investors should remain cautious earlier this week, pending statements from Fed Chairman Ben Bernanke on Wednesday. Forecasts of inflation and economic outlook: new publications the U.S. central bank should be explained at the first press conference after the meeting of the Governing Council.On the other hand, the first official estimate of GDP for the first quarter will be published Thursday.

Side companies, Ameriprise Financial, Johnson Controls, Kimberly-Clark and Radioshack should publish their results before-hours trading. The distributor of electronic products RADIOSHACK posted a quarterly profit of $ 0.33, $ 0.35 cons expected by the consensus. The turnover stood at 1.06 billion dollars as the anticipated 1.07 billion consensus.

On the other hand, NIKE could see its stock price reached a new high over the next 18 months if the OEM is able to raise prices without adversely affecting sales, according to investors cited by the magazine Barron's. After the record high reached last year to 92.49 dollars, as Nike declined to $ 80, due to the rising cost of oil, cotton and labor.On the other hand, the bank Wells Fargo has raised its rating on the pharmaceutical company Johnson & Johnson "market performance" to "outperform."

Finally, the title of the Chinese search engine Baidu might be heckled. The Chinese government will punish the search engine and 13 other sites for allowing illegal music downloads, reports the official Xinhua News Agency. No details on the nature of the sanctions has been published. According to Xinhua, the sites in question have left online illegal content despite several warnings from the authorities.

The course from Advanced Micro Devices (AMD) could also be active on Monday. The computer chip manufacturer announced Thursday after-hours trading that its net income had doubled in the first quarter quasimment.SanDisk also announced on Thursday its results for the first three months of the year, slightly down from last year. PG & E for its part, announced the sudden departure of its CEO Peter Darbee.

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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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"Debt: the situation in France is different from that of Portugal

At two months of the meeting of Agriculture Ministers of the G20, Paris, France is stepping up efforts to convince its partners, including emerging markets, the need to control the prices of raw materials. The fight against the volatility of agricultural prices is one of three priorities for the French presidency of the G20, with the reform of the international monetary system and taxation of financial transactions.

Bruno Le Maire has made two key visits this week to Moscow and Brasilia. The ministerial meeting in Brazil was "a success," says one in the entourage of Le Maire. The Brazilians were very reserved in respect of the French proposals now seem reassured. "Bruno The Mayor has made clear that the control would only financial manipulation in the market for agricultural products," said the Brazilian minister, Wagner Rossi."We were surprised to see Brazil, strongly supports greater regulation in the markets," said a member of the French delegation.

Transparency of financial markets is one of three priority reforms to limit price volatility, according to experts from FAO, OECD and World Bank, who wrote a report on the issue for the French presidency of the G20 .

Very sensitive because it addresses the controversial role of speculation in rising commodity prices, this subject has been left to finance ministers of the G20. It will be discussed next week in Washington.

Unilateral decision

In Moscow, the ministerial discussions focused on another sensitive issue: the unilateral restrictions on exports.August 5, Moscow's decision to freeze its wheat exports to the fires and drought caused exceptional sharp rise in prices on international markets. This reaction is not concerted, which goes against the principles of free trade the WTO has been criticized by Paris. France hopes in the G20, impose a mandatory consultation ahead of this kind of decision in order to prevent abuse, and to take measures to protect poorer countries against rising prices.

On this issue, Bruno Le Maire is sparing no effort, he will have met four times his Russian colleague, Elena Skrynnik. "Moscow agrees on the principle of cooperation in upstream, on the protection of the most vulnerable," says a close case.France, which claims to have joined Brazil and Russia to its cause, must now convince another heavyweight G20: China, world's largest producer of wheat. "Beijing is far from conducive to transparency on stocks," says Michael Porter, Director of Agritel, risk expert on agricultural markets.

In its global offensive, France has discovered another restive country to its arguments: Australia, great agricultural power. "Australia is the country most recalcitrant!" Said a negotiator. "For them, the volatility of agricultural prices is a non-issue! Bruno Le Maire there will soon travel to Sydney to achieve its purpose? Nothing is excluded …

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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.

After a session of ups and downs, the leading index is rising again in Paris on Friday. In mid-session, he won and 0.55% to 4083.11 points. Yesterday, Wall Street has ended on a high note. For their part, the Asian financial centers are all clearly trending up. Despite rising pressure on the price of a barrel of oil, investors should follow the trend. The publication of results, generally of good quality, also maintains optimism.

Even finding on other European financial centers, the index Foostie 100 of the London Stock Exchange and the Dax in Frankfurt Stock Exchange, respectively, advancing 0.59% and 0.84% at 6040.34 points and 7286.74 points halfway through.

Oil prices resumed their upward movement on Friday morning, the market doubts that Venezuela's proposal to find a solution to the crisis in Libya could succeed, analysts said. Libyan oil production has fallen by half because of the violence sweeping the country, announced Thursday the head of the government oil company NOC (Libyan National Oil Corporation) Shukri Ghanem. In mid-session in Paris, a barrel of light sweet crude gained 0.25% to 102.16 cents dollars.That of Brent North Sea was up 2.68% to 114.88 dollars.

On the macroeconomic front, all eyes should be turned to the U.S. this afternoon are expected when two important indicators that will give an overview of health status across the Atlantic, namely the employment figures and unemployment for the month of February (1430) and industrial orders for January (1600). After some encouraging signs in recent days on job creation in the private sector and the weekly jobless claims, figures Mensula employment should be good, say most analysts.

The euro at its highest in four months

As for currencies, the euro rebounded sharply against the dollar and the yen after ECB President Jean-Claude Trichet, hinted he might raise the rate by the European institution.At its monthly monetary policy meeting, the ECB has maintained, as expected, the rate at 1%. But the President has adopted to the press a very firm tone about inflation, stating that "strong vigilance" was needed.

Last night, the euro climbed to its highest level in nearly four months to nearly $ 1.40. Around 23 pm last night, the euro bought 1.3965 dollars against 1.3867 dollars on Wednesday at the same time, after climbing to 1.3974 dollars, a level unprecedented since Nov. 9. The European currency also climbed against the yen at 115.08 yen against 113.50 yen late Wednesday, after peaking at 115.15 yen, its highest since early November.In mid-session, the euro was worth 1.3966 dollars.

Areva more confident for 2011

Legrand – 4.90%, to 28.80 euros

Wendel (+ 2.29%, to 74.18 euros) jointly yield and KKR, as part of an accelerated placement, 40 million shares, or 15% stake in specialist electrical and digital infrastructure of the building. Yesterday the share closed up KKR of 1.61% at the New York Stock Exchange, to 1.61%.

Areva: 5.65% to 35.44%

The nuclear group has accused an operating loss in 2010, mainly because of a provision for the construction of the EPR reactor in Finland, but the specialist's public nuclear aims to grow its business in 2011.The Chairman of the Executive, Anne Lauvergeon, also said that the group did not need additional funds, especially after its capital increase to finance its development.

Hermes International boosts results

Hermes International: 1.49%, to 153.6 euros

The luxury group has announced an annual net profit up sharply from 46% to 421.7 million euros while its operating margin reached 27.8% of sales, "Best recorded performance by the group since its entry into scholarship in 1993, "says the label. Operating income also flies from 44.3% to 668.2 million euros. Sales, already known since early February reached 2.4 billion euros.The group psoposera a dividend of 1.50 euros, 1.05 euros under cons of fiscal 2009.

Eurotunnel: -1.02% to 7.24 euros

The operator of the Channel Tunnel was charged last year with a net loss of EUR 57 million which he attributes largely to the lack of insurance payments related to operating losses after the fire 2008. The dividend is still maintained at 4 cents, and management stated that if the recovery appears to be confirmed, it should remain as progressive segments. Eurotunnel expects its passenger traffic increase of about 3% in 2011.

Veolia Environnement: -1.89% to 22.56 euros

The company said net income fell slightly by 0.5% for annual sales up 2.5%. It aims to increase its recurring operating income 4 to 8% in 2011 by continuing its program of cost reduction (250 million euros of savings anticipated in 2011).In addition, 1.3 billion euros of asset sales are announced for the current year.

Renault victim of manipulation?

Renault: -0.28% at 42.84 euros

The spy case that led to the dismissal of three senior executives of the group seems to deflate, the management track now evoking a "manipulation", due to lack of evidence on the existence of the bank account 'étranger.Christine Lagarde, Minister of Economy, promised "consequences" in this case that has shaken the manufacturer for several months. A demand that Patrick Pelata, the No. 2 at Renault would be willing to bend.

Ingenico: +1.85% at 27.87 euros

The Grou announced its successful bond issue of 220 million euros, could be increased to 250 million, ocean-type.

IMS: 2.67%, to 15.4 euros

The group suffered an operating loss in 2010, a year marked by heavy charges, particularly related to the reorganization of the group and disposals of non-strategic stocks following the acquisition in July of Jacquet Metals.

EADS: 1.01%, to 19.98 euros

The parent company of Airbus, is close to deciding not to challenge the award of contract to Boeing $ 30 billion for the supply of tankers to the U.S. Air Force, said Thursday folder.The sources close to the European aerospace group could announce the decision on Friday, putting an end to a battle of ten years on this contract.

Carrefour – 3.07%, to 32.7 euros

The supermarket group has seen its vice president resign on March 1, due to disagreement with the strategy, according to the Tribune. For its part, the boss of the distributor, Lars Olofsson announced it would deploy its Carrefour hypermarket concept Planet throughout Europe from April.

Societe Generale: 0.27%, to 48.92 euros

Lebanese Canadian Bank (LCB), a private Lebanese accused the U.S. of laundering money, will merge with Societe Generale said Thursday the governor of the Lebanese Central Bank, Riad Salameh.

Note that the calculation of the new composition of the CAC 40 and the reorganization of other evidence, confirmed yesterday, have left unchanged the 40 companies in the benchmark index in Paris.Moreover, the general meeting of shareholders of Euro Disney could be an opportunity to learn more about the reasons for the surge in prices in recent weeks, including rumors of a capital input of a new shareholder.

A formula that has rained, but that leaves open many files. The roundtable, chaired by Nicolas Sarkozy after his walkabout in the aisles of the Salon of Agriculture, was rather well received by participants. "He did not demagoguery and was really aware of what was happening in the farming community," said Florence Verheyden-Valade, breeder of bison in the Creuse. It was part of the panel of invited farmers, three women and four men, "representatives of all sectors and territories", according to Franck Louvrier, communications adviser at the Elysee. There was a producer from another sheep of the Puy de Dome, a pork producer from Vienna, a wine of Herault, a grain of Loiret and a breeder of Charolais in the Nièvre.

Discussion without taboos

For more than 90 minutes, the Head of State has listened in turn and answered their questions.Environment, rising raw materials, distribution, cost of labor, many topics were discussed openly and with details. Asked about the cost of labor by Patricia Rebillou, producer of strawberries in the Dordogne, Nicolas Sarkozy said: "We reduced by more than three euros hourly cost of seasonal workers, to 12.81 euros per hour to 9, 43 euros. Adding that "this reduction in social security employer had already cost the state 500 million euros" and it was not possible to go beyond. "Nicolas Sarkozy has memory and is familiar with his records," commented Michel for his part Hamel, a milk producer of the Channel.The latter was part of the 400 farm representatives who attended the roundtable held in Area 2000, a large room in the mezzanine in Hall 1 of the animals at the Porte de Versailles.

On the environment issue, widely discussed on Saturday, the audience applauded the head of state when he said the poster campaign of ecological association FNE. "It is hurtful, humiliating, totally cons productive in some ways shocking," said Nicolas Sarkozy. "You are loved by the French more than you think as evidenced by the success of the Salon of Agriculture," he said at the farmers.

Several decrees

In a goodwill gesture, the president did not come in without his wallet. A decree recognizing the activity of methane on farms is released this Saturday.

In addition to reducing the depletion of farmland in France – at a rate of one department every seven years – another decree was issued on the topic, believing that the show is moving files around the corner. It concerns the establishment of advisory boards of county farmland. A new structure must give notice before any sales of land into building land. Transactions will now be taxed. The tax proceeds will fund innovative facilities for young farmers.

"However, Nicolas Sarkozy said nothing about the case of photovoltaics, which allows farmers to reduce their cost of production," complained Jean-Pierre Fleury, Secretary General of the Federation Nationale Bovine and rancher in the Morvan. Another disappointment for farmers, lack of clarity of Nicolas Sarkozy vis-à-vis supermarkets."While the president has insisted on a better distribution of value added over the entire chain, but was not specific enough in its intentions," said Guy Vasseur, president of the APCA (Permanent Assembly of Chambers of agriculture). "We will continue to help you be more competitive and regulate the prices of agricultural commodities. I believe the future of French agriculture, growth, development and its contribution in the foreign trade of France, "said Nicolas Sarkozy. "A frank and direct dialogue," summarized the Youth President Jean-Michel Schaeffer, leaving the space 2000. "The lyrics is good, it acts better," summed up his side Beulin Xavier, president of the FNSEA.

French banks bear the brunt of the deepening of the crisis in Côte d'Ivoire. Ivorian President Laurent Gbagbo out, trying to stay ahead of the state and against the last presidential election, has announced last night on public television RTI "on decrees that the State of Côte Ivory took control by taking a full and complete participation in the capital of some banks. These include the SGBCI and Bicic, which are subsidiaries of Ivorian French banks BNP Paribas and Societe Generale.

His decision is to "preserve jobs and ensure the access of Ivorians and traders to their assets" in "as soon as possible."The two French banks did not wish to comment on the intentions of Laurent Gbagbo.

Financial asphyxiation

Following the post-election crisis, born of the struggle between Ivorian President Laurent Gbagbo and outgoing Alassane Ouattara, President-elect acknowledged by much of the international community, the Central Bank of African States (BCEAO ) has severed its ties with Abidjan in January to try to suffocate the Gbagbo regime. This isolation has closed the financial tap francs CFA president.Far from giving up, Laurent Gbagbo attempted to mount a viable banking system across Ivory Coast, the price of a "huge pressure" on the subsidiaries of large foreign banks to remain in business.

But with the lack of liquidity, technical difficulties and legal risks, and the threat of sanctions wielded by the BCEAO against banks working with the Gbagbo government, especially when faced with violence that threaten the safety of their employees, BNP Paribas and Societe Generale first, yesterday, gave the signal for withdrawal payday loans guaranteed no fax. "Other banks will close," predicted one senior industry.

Effect "cataclysmic" freezing the financial system

Already five major foreign banks have decided to suspend their activities. The interruption of their business is blocking the Ivorian banking system, plunging the country a little more into chaos.The economy had indeed already been drastically slowed by the sanctions of the EU imposing such a ban on the two ports, the country's lung. The effect of blocking bank could be "cataclysmic," according to some.

Already, Abidjan went to stop their banks to withdraw their money. "It is feared the contagion effect, so we just remove a little about our savings," says one entrepreneur. "I'd rather have my money on me, it is unclear what will happen," shouts one soldier. The political crisis appears to have already led to a banking crisis that goes straight to an economic crisis.

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Tahrir Square, Cairo, online:

Visit msnbc.com for breaking news, world news, and news about the Economy

11:04 p.m.: "The time for change is now," said the head of European diplomacy Ashton.

11:01 p.m.: At the end of the program "French Song", Nicolas Sarkozy commented briefly on the events in Egypt, saying it was "inevitable that Egypt is changing and the way of democracy," and assured that " France the help there. " The head of state, however, wants real democracy and not "a religious dictatorship like Iran."

10:55 p.m.: People are beginning to organize to camp on Tahrir Square.A great new day of action is planned for tomorrow.

10:51 p.m.: The vice president called the demonstrators not to listen to "satellite television, but" their heart. "

10:40 p.m.: The vice president spoke in turn to state television and defending the president in ensuring that it has placed the country's interests above his own. He called on demonstrators to go home and all the Egyptians to work together.

10:36 p.m.: Obama met with his national security team after Mubarak's speech. The CIA had indeed thought that the Egyptian president would announce his resignation, a scenario that was favored by the United States.

10:27 p.m.: The Egyptian state television just announced that Vice-President Suleiman will in turn address the nation.

10:21 p.m.: A man lying on the floor of Tahrir Square.The protesters formed a cordon around him to prevent it happen trampled.

10:13 p.m.: Mubarak said in his speech that he wanted to be "buried in Egypt" and he would not leave his country under any pretext.

10:10 p.m.: The Egyptian demonstrators brandish their shoes, a powerful symbol of defiance and anger in the Arab world.

Mubarak wants to ensure the transition until presidential elections. Photo credits: TV via APTN EGYPT / AP

Convinced that Carrefour is under-valued stock market, the major shareholders of No. 2 worldwide distribution considering dividing it into three. The directors, advised by BNP Paribas, working on a project spin-off simultaneously Dia and Carrefour Property. The hard discount business and real estate branch of each group are listed on the Paris Bourse.

With 6647 stores worldwide, Dia made last year a turnover of almost 9.5 billion euros, down 0.7%. The hard discount sector is valued at four billion euros by analysts. Carrefour Property, meanwhile, owns the real estate group in France, Spain, Italy, Poland and Romania: 4.3 million square meters of 938 sites.Valued 11 billion euros by the end of 2009 Crossroads, the company collected 348 million euros in rents in the first half of 2010.

In the scheme under consideration, Carrefour remain the capital of two subsidiaries, shareholders will share the remaining stake in Carrefour and Dia Property. If the principle which could be decided at the board of directors on 2 March, was accepted at a general meeting, shareholders will receive shares of Carrefour the other two companies in proportion to their participation in the current group.

What interests?

This method has an advantage over the IPO and the sale of subsidiaries, it provides Carrefour to find investors. His goal is not to bring in new money, but the cumulative capitalization of Carrefour, Carrefour Property and Dia is tomorrow than that of the group today electronic check payday advance.This would give air to the principal shareholders, who did not wish to comment, as did the Carrefour management.

Colony Capital and Groupe Arnault, who own 14% of capital and 20% of voting rights, announced their arrival at Carrefour in March 2007 when the stock was worth 53 euros. Friday it closed below 34 euros. This difference requires Groupe Arnault and Colony to settle margin calls to banks that have lent to finance their increased stake.

It remains to define the future participation of Carrefour in its subsidiaries. If administrators prefer that the group retains the majority of Dia, they consider it keeps a minority in Carrefour Property. In September, Lars Olofsson, Group Chief Executive, said that in the event of an IPO of Carrefour Property, Carrefour is expected to retain over 51% of the shares.He fears that the loss of rent control does not relieve him of leeway in managing the activity. Lawyers working on a system for Carrefour to maintain control of its leases even if the minority. "The success of an IPO of Carrefour Property held in the group's ability to advance the commercial and operational performance of its hypermarkets in Europe, especially France," according to Nicolas Champ, an analyst at Nomura.

The Paris Bourse rebounded on Wednesday. After closing down the day before, the CAC 40 was the slope. Halfway through he climbed from 1.03% to 4060.94 points. Even movement on other European markets: the DAX in Frankfurt gained 1.23% to 7146 points while the FTSE meeting in London ahead of 1.32% to 5996 points.

Markets should however be wary. The signals sent from Wall Street on Tuesday and since the Asian market this morning are still mixed and the markets are still awaiting the verdict of the Fed. Investors, who watched the speech from Barack Obama on the State of the Union, seem partly reassured by what the U.S. president on a possible decline in corporate tax in the United States.

The latter asked the Democrats and Republicans to "simplify the system. Remove the tax loopholes.Standardize the rules and use the savings to lower the rate of corporation tax for the first time in 25 years, without increasing our deficit. " Conversely, no new announcement has been made on the employment front, despite a persistent unemployment rate to 9.4%. The U.S. president also agreed to extend to five years the spending freeze budget that he believes will allow a saving of $ 400 billion over the period.

Also in the United States, several macroeconomic announcements are expected. During the session will be posted sales of new homes in December and the weekly oil stocks. Later that evening, the Fed makes its rate decision at the end of the meeting of its Monetary Policy Committee.In France, 18 hours, INSEE unveil the unemployment figures for December.

On the currency markets, the euro accentuated its gains against the dollar Wednesday, buoyed by the successful placement of bonds of the European Financial Stability (FESF). About 11:20 am in Paris, the euro bought 1.3701 dollars against 1.3682 dollars late Tuesday, after the dollar rose to 1.3722 in the morning, a new high since November 22.

Renault searches

As for values to be followed:

Renault: + 3% at 49.30 euros

Searches were conducted in recent days by the Central Directorate of Internal Intelligence (DCRI) in the offices of three Renault executives suspected of espionage by the automotive group, and their computers were seized, officials said Tuesday a source familiar file.The manufacturer's lawyer said that the leak of such information in the media was damaging the image of Renault.

Started in Exchange for Aperam, 41st CAC 40 value

Aperam title, name of branch and special stainless steels of the world leader Arcelor Mittal Steel, made his first steps on the Stock Exchange Wednesday, becoming the 41st exceptional value of the CAC 40. Aperam title, earns 3 cash till payday advance.37% for its 'pre-opening' in the form of pledges of shares, the market felt that the introductory course set at 27.32 euros reflects a significant discount compared to its competitors.The increase is also reflected in ArcelorMittal (3.83%) that stores thanks to this the largest increase of CAC 40.

Publicis: + 1.10% to 38.03 euros

The number three global advertising has launched a friendly takeover of the British advertising agency Chemistry for 14.45 million pounds (16.70 million euros).

Vivendi: + 0.25% to 21.88 euros

The group sold its remaining stake in NBC Universal.The transaction brings in 3.8 billion euros.

Sanofi-Aventis: + 1.80% to 51.56 euros

The group announced Tuesday two hits in the U.S., where the health authority has authorized the sale of its non-prescription anti-allergy Allegra beginning of March, and extended by six months of marketing exclusivity for its anticoagulant Plavix.

EADS: + 0.72% to 20.89 euros

Thomas Cook has announced the signing of a contract for the firm order for 12 Airbus A321 and also says plan to sign a lease agreement covering aircraft from the A320 family.

Areva: + 0.70% to 35.75 euros

The giant nuclear buckled the capital increase in favor of holders of investment certificates (IC) in an amount of 35 million euros, an operation after which the nuclear expert has lifted a total 935 million euros.

Entrepose Contracting: + 1.65% to 105.44 euros

The company expects a group Vinci stability of its activity in 2011, after a year 2010 marked a leap in turnover and net profit, the new year is characterized by the start of construction of many projects but also by a lengthening of the decision cycle.

EDF: + 0.65% to 32.35 euros

Proglio will be auditioned in the morning in committee in the National Assembly.

Rafale Results

Klépierre: + 1.83% to 26.68 euros

The group reported a 2.9% increase in turnover to 988.6 million euros in 2010, supported by rental income group, especially in malls.

Mersenne (ex-Carbone Lorraine): + 1.09% to 35.40 euros

The group's activity rebounded last year thanks to the development of alternative energies and Asia but believes it is too early to make predictions for 2011.

Spir Communication: -3.68% to 36.60 euros

The group maintained its objective of operating income to balance in 2010 by announcing a decline in sales in 2010 weakened its media division.

NextRadioTV: -0.69% to 14.30 euros

The media group has registered an increase of 14% of its turnover in 2010 to support the dynamism of its TV operations.