Markets are still clinging to macroeconomic announcements, only able to move the index in August. On Monday, the Institute has unveiled a Markit composite PMI index in France to 59 points in August against 59.7 in July. This is its lowest level in five months. The services PMI index stood at 59.9 against 60.5 expected and 61.1 in July.For its part, the manufacturing PMI stood at 54.7 against 53.4 expected and 53.9 in July, its highest in two months.

The rest of the week promises to be loaded including unemployment figures in France in July (Wednesday), the new home sales and durable goods orders in July in the U.S. (Wednesday) and weekly entries to unemployment overseas (Thursday).

The hesitation may yet be well on the markets on Monday. After closing largely under the 3600 points on Friday, down 1.30% net, the CAC 40 should be difficult to get out of the red zone. With two weeks of decline, Wall Street does not give signals of optimism. For their part, Asian markets are very hesitant, juggling between gains and declines for several sessions.At the Paris Bourse, the key index also remained febrile throughout the week, erasing gains from one month to return to its levels of July.

Note that the side of currencies this morning, the euro is still on track against the dollar. He won 0.12% to 1.2714 dollar.

Values follow

Until the weekend, charged in half-yearly publication, the day of Monday is quiet on the side advertisements.

Brussels plans to dismiss the complaint against the French state by telecom operators Orange (France Telecom: 1.27% to 16.30 euros), SFR (Vivendi: 0.06% to 17.66 euros) and Bouygues Telecoms (-0.37% to 32.43 euros) in the allocation of the fourth 3G mobile license to Free (Iliad: 0.25% to 68.59 euros), La Tribune reported Monday.

GDF Suez (0.46% to 25.09 euros) is interested in acquiring sites for storing gas sold by Exxon Mobil and Shell, valued around one billion euros, according to a report in Le Figaro on Saturday.

Carrefour (-0.22% to 35.67 euros) will launch a new concept of hypermarkets to address the erosion of its customers.

The absence for several days, any public information on the new presumed interest of Sanofi-Aventis (0.73 to 45.30 euros ù) for American Genzyme could mean that both sides have begun discussions, says Geoffrey Porges, an analyst at Sanford Bernstein

The night before, after long hesitation which direction to take, Wall Street finished little decline in trading volumes very low: The Dow Jones lost 0.08% at 10,442 points, the Nasdaq 0.90% to 2289 points and the S & P500 -0.39% to 1113 points. Previously, Wall Street had lined up eight consecutive sessions.Yesterday, investors have largely reacted to the announcement by China to implement an exchange rate policy more "flexible".

On the foreign exchange market, the euro resumed its decline late Monday afternoon, and continued to fall in the morning against the dollar, falling below 1.23 dollars, amid persistent fears over the economic health Europe Guaranteed payday loans.

Energy and raw material expected

On the side of values, or related companies exporting energy and raw materials may still be affected by the rising yuan including Caterpillar (+0.17% to 66.18 dollars) a strong presence in China, Freeport -McMoRan Copper & Gold (-1.37% to 67.18 dollars) or aluminum specialist Alcoa (-0.17% 11.70 dollars).Conversely, the retail sector could suffer pressure on its margins.

Always on the side of values, Visa (-1.33% to 79.82 dollars) and Mastercard (-0.05% to 223.22 U.S. dollars) closed sharply higher Monday after an agreement between members of Congress on the regulation banking fees.

Also note, Goldman Sachs (-0.37% to 137.23 dollars), receives an extension from the court to answer a complaint filed by the SEC, which accused him of fraud. Goldman Sachs has until July 19 to provide evidence to defend himself against the complaint, which concerns the sale of CDOs.

Capital contribution

The new effort called the company will probably be the last. The savings deposits are increasingly difficult to identify.Indeed, SeaFrance is no longer operating a single line (Calais-Dover) and uses more than four boats, three ferries.

"We will optimize the use of staff time based on business days, seasons, rotation, said Vincent Launay, in the service sector we do not have all the shops and all restaurants are open, then there are only a few dozen people on board. "

The company SeaFrance had placed under the supervision of the Commercial Court of Paris in April. It will soon be requesting the conversion of the backup procedure in receivership.

The situation is very delicate in April, the debt amounted to 185 million for 0.07 million of equity. Last year the company lost 36 million to 170 million turnover.

Now the future of SeaFrance through a capital contribution of its 100% shareholder, SNCF. "It would take about 190 million," says one with SeaFrance. The importance of the recovery plan is also justified by the need to convince the European competition of efforts by SeaFrance to extricate himself.

First measure: a transposition to senior citizens, at the request of the President of the Republic, the device "zero charge" established during the crisis to boost recruitment in small businesses. A measure that was then allowed to generate, according to the government, one million additional jobs.Since, according to the observation made by Laurent Wauquiez, "companies do not hire older workers because they are too expensive," Secretary of State for Employment suggests "to enable companies who hire older unemployed to be exempt from charges. " A measure that could prove costly.

Second measure mentioned: encouraging the development of tutoring. A practice already contained in most "action plans" developed by companies with over 50 employees in early 2010, the government's request. "This creates the link between generations," says Laurent Wauquiez, a senior form a young, and so we created employment for both. Today, the device for 200,000 people.But the government wants to go further, developing the management of a portion of the salary of the guardian in order to lower the cost of funds for vocational training.

The government's proposals in the context of pension reform should not be known until mid-June But the number of unemployed over 55 years did not wait until that date to increase: in May, it still rose 0.8%.

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"Until now, the Sixteen had taken decisions in principle, we now show that there is money behind," said Jean-Claude Juncker after a video conference involving Ministers Euro zone finance. "All the tools are in place and operational immediately," said Olli Rehn, European Commissioner for Economic and Monetary Affairs.

Athens has not yet decided to use this financial plan. But it was time to measure reliability.Greece, seriously diminished his credit, is to resume tomorrow's Calvary borrower, raising 1.2 billion of Treasury bills at six and twelve months. Repeatedly announced but never detailed the mechanism difficult to convince the markets for two months. The litmus test is committed immediately. By late May, Athens faces more than 10 billion euros maturity on a debt estimated at 300 billion. It must still find 32 billion before the end of the year. The figures broken down on Sunday in Brussels, more generous than expected, seem a priori to the scale of the challenge.

For 30 billion that could unlock the Sixteen would be added the joint contribution of the IMF. If we follow the rule laid down by 2/3-1/3 the last EU summit, Greece could therefore be based if necessary on a cushion of more than 40 billion euros in loans this year.No estimate has yet been advanced for years.

Mechanism triple expansion

With an interest of around 5% on loans for three years, the Sixteen still follow the principles laid March 25. As a last resort, Greece could be financed at a lower price than it does now on the market (more than 7%). But she would not receive any subsidy-provided imperiously posed by Germany, nor any advantage over other heavily indebted countries like Portugal, Ireland, Spain or Italy. If the ETF would be implemented, "Greece would be encouraged to return quickly to the market" to finance themselves forward Jean-Claude Juncker.A hypothesis that will be realized when Athens will be able to raise money at rates lower than the European plan.

Faced with deadlines looming, the Greek prime minister, George Papandreou, had struck these days on all doors so that Europe finally joins the action to the word. To impress the financial, "we must put a loaded revolver on the table," he said Sunday at the Greek newspaper "To Vima". "The question, he added, is whether the device will persuade the markets (…) Otherwise, it could well be used …"

At the announcement of decisions taken by the Sixteen, the Greek Minister of Finance was confident.George Papaconstantinou welcomed an agreement "very important", confirming that he had not requested the activation of the mechanism: "We believe we can continue to borrow freely on the markets."

It was at Athens that he would take the initiative, confirmed Sunday the Commissioner Rehn. But the mechanism is at least triple expansion. The European Commission, the ECB and the IMF all have their say or their conditions to ask. Finally, the loans would only be released only by unanimous consent of the Sixteen, which gives a veto to Germany. George Papandreou today has a net credible.But it has not finished with the tightrope.

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After busy summer Argentinian soap opera central bank is nearing its conclusion. Justice recently restored two decrees of President Cristina Kirchner, allowing it to dispose of some funds from the central bank to pay the cost of debt. In December, the head of state was taken by surprise Congress, where opposition has a majority, by ordering the establishment of two funds, called the "Bicentennial", one of 4.38 billion dollars the other 2.18 billion, respectively, to pay interest on the debt in 2010 and multilateral creditors.

At the time, the move had been blocked by Martin Redrado, the president of the central bank, on behalf of the organization's autonomy, and justice upheld the ban.Following a showdown with Congress, Redrado was eventually forced to resign and be replaced by Mercedes Marco del Pont, an economist who has always advocated that the central bank depends on the government.

"Mattresses security"

The volte-face of justice is therefore an important political victory for Cristina Kirchner. The opposition has promised to veto at a meeting on April 7 this year, but it remains poorly organized. If it fails to convince, mainly because of proposing an alternative option to pay interest on the debt, considerable this year.

In theory, it would suffice to Buenos Aires to borrow at lower rates and thus postpone the deadlines, but this possibility is prohibited. In 2005, the renegotiation of its debt of more than 100 billion dollars had indeed attracted only 76% of creditors.The remaining quarter has launched legal proceedings in the world blocking any intervention in the financial markets. To justify the use of central bank Deputy Carlos Heller recalls that its reserves reached a record 45 billion dollars. "We do not need a safety cushion as important. Especially with the trade surplus expected this year, the puncture to pay the debt will be painless, "he says.

Ecstatic, the government announced it would open from April 14 a new renegotiation of its debt to creditors who had rejected in 2005. Holders of securities totaling $ 29 billion, including interest, these small shareholders and hedge funds, mainly from Italy, Japan, the United States and Germany, will be offered a new opportunity, probably more generous. The goal is to attract at least 60% of them.

Argentina hopes to turn the page of the default of 2001, the largest in history.

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All started from a complaint by a shareholder of Vinci, Michelangelo Tiphineau, filed June 12, 2006 a few days after the resignation of Zacharias. The approach of the small carrier and the departure of the historical pattern of the group have the same origin: the huge sums affected by Zacharias between 2003 and 2005 when he was the CEO of the world's leading construction companies. Up to 250 million euros, based on the share price higher.Including severance pay of 12.5 million, an annual retreat of 2.5 million and stock options by tens of millions.

The prosecutor in Nanterre has conducted a preliminary investigation for two years after which Philippe Courroye, public prosecutor has decided that the dismissal of former boss 40 of ACC before the court. A rare event, especially since, in this case, Zacharias did not leave behind a group of shareholders difficulties or ruined. Under his leadership, the net result of Vinci has been multiplied by 21, and the market capitalization by 20.

"This is the trial of a system that loses his head with a CEO who receives are astronomical compared to the employee base of Vinci," says Frederik-Karel Canoy, the lawyer Tiphineau online payday advance! ???!!!???!!!."All decisions regarding those fees are legal because they were passed without any reservation by the Board of Directors," whispered one in the circle by Zacharias. The functioning of the board is just the heart of this case. It is in this place that had played the beginning, dramatic, CEO. His heir apparent, then denigrated, Xavier Huillard, had alerted administrators against the greed of his boss.

Five years in prison

He had a wound, he has returned to court the former leader to his beard neatly trimmed, on suspicion of abuse of social goods. He took particular offense to have changed in May 2004 the composition of the Remuneration Committee, which had capped his salary. Exit therefore Alain Minc, Patrick Faure, the former boss of Renault Sport, and Serge Michel, a former General of the water.In their place is especially Alain Dinin, Nexity's boss, Dominique Ferrero, banker, and Quentin Davies, a British MP. The salary Zacharias then flew, including up to 4.2 million euros in 2005.

If the abuse of social goods is confirmed, Zacharias risk up to five years imprisonment and 375 000 euros fine. And if his former employer, Vinci, was a civil party, he will not claim damages.

The U.S. telecom equipment shows its capacity of 332 billion bits per second, indicating that it is possible to download the entire Library of Congress in a second. Or for a billion people watch a video simultaneously. This service delivers "the foundations of the new generation Internet," says John Chambers, Cisco's boss.

The operator AT & T has tested "successfully" the device in the context of testing a "backbone" – the core telecommunications network to interconnect networks smaller – a 100 gigabits between New Orleans and Miami guaranteed high risk personal loans . A world premiere.

This announcement comes almost a month after the internet giant Google has announced its intention to become a pioneer of Internet access at very high speed installation in the coming months networks hundred times faster than ISPs exist in the United States.

Around 18:30, the Cisco Systems shares lose more than 0.15%, to 26.1 dollars, after having degraded to about 1% just before the announcement. "Investors had anticipated this announcement at least one day before," said one analyst.

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This optimism comes from the U.S. figures for employment, less bad than expected, published Friday (36,000 jobs destroyed destruction cons 50,000 expected). Statistic reassure markets that see it as a sign of recovery very explicit. Especially as the consumer credit in the United States also sets out again on the rise (4.96 billion dollars in January). Both information had enabled the Cac 40 to exceed the 3900 points at the close Friday.Maintaining this level will be one of the objectives of investors on Monday, before setting off to the 4,000 points.

Japan, meanwhile, announced Monday a current account surplus (899.8 billion yen), compared to the deficit recorded last year in the same period (132.7 billion yen).

On Monday, markets will keep an eye on the index of business sentiment of the Bank of France, published before the commencement of trading (8.30). German industrial production for January will be known 12 hours.

EADS in the collimator

The defense group EADS said on Friday reached an agreement in principle with client countries on the financing of the military transport plane A400M. This also held Monday in Paris a crucial meeting on the fate of the military plane, which displays almost four years behind the counter.

The director general of Cr?dit Agricole, Jean-Paul Chifflet, revealed in an interview with Le Figaro, his long-term goals. "If we find other opportunities for collaboration to reduce intermediation costs for our customers, we will. With the Company generally or with others, "he said as well. This information may affect the securities Societe Generale and BNP Paribas.

In an interview with Le Figaro also Antoine Frerot, CEO of Veolia, reaffirms the group's objectives, including "after-tax profit of at least 9% and operating profit up 4% on average annually.

The central works of extraordinary total stands Monday.Employees of Dunkerque, on strike since January 12 this year, threatening to spread the oil available to them if management does not accede to their demands.

As for publications, Biomerieux announced on Monday a net profit in 2009 of 148 million euros, above expectations. The group table for the period 2010-2015, an average annual growth of between 7% and 9% at constant exchange rates.

The annual results of cements French gather today. Just as those of April, after market close.

At the close, the Dow Jones ended down 0.09% at 10,397 points, the Nasdaq ended in perfect balance, to 2281 points while the S & P 500 ended with a tentative increase of 0.04% to 1119 points.

However, the U.S. private sector has destroyed 20,000 jobs in February, which represents the net number of redundancies, the lowest since the beginning of the fall in employment two years ago, according to the monthly survey released Wednesday by the cabinet ADP . This is consistent with the median consensus forecast of analysts.

And the destruction of jobs in the private sector in the United States have continued to slow in February, falling to their lowest level since the beginning of the fall in employment two years ago, according to ADP.And activity in services in the United States, which accelerated more than expected in February, to 53, its highest level in over a year.

But even if the austerity plan announced Wednesday by Greece reassured, "some fear that if Greece is doing, markets n'aillent look to other problem countries in Europe. This is something that must be taken into account throughout the year 2010, "Rick Meckler moderates of LibertyView Capital Management. At 18 hours, the Dow Jones gained 0.31% and 0.37% on Nasdaq.

Furthermore, the Beige Book Fed confirmed the scenario of slow growth in the United States in 2010.

Oil prices gained more than a dollar Wednesday, boosted by a bout of weakness in the dollar and signs of a rebound in consumption of fuels in the United States, even if otherwise crude stocks rose sharply last week.The barrel of Brent North Sea crude for April delivery gained 84 cents to 79.02 dollars compared to the closing price on the InterContinental Exchange (ICE) in London easy payday loans .

The euro goes off in higher Wednesday, supported by the austerity measures announced by Greece. The single currency back above the $ 1.37 dollar to 1.3727 (1.3%).

On the values front

At the close, the biggest capitailsations have lost some ground they had gained earlier in the meeting.

The maker of construction equipment Caterpillar took 0.76% to 58.59 dollars, the aluminum producer Alcoa 0.76% to 13.34 dollars and industrial conglomerate General Electric 0.88% to 16.04 dollars .

The title of the pharmaceutical company Pfizer has lost 1.65% to 17.31 dollars.e pharmaceutical group is preparing to launch a bid of nearly four billion dollars for the German manufacturer of generic drugs Ratiopharm GmbH, reported Wednesday several sources close to the situation. In its wake, are the values of health have weighed heavily on the trend.

The specialist mining equipment Joy Global has published forecasts welcomed by investors, as the climbing 5.85% to 54.51 dollars.

Group Title Barrick Gold Gold rose 1.75% to 40.16 dollars.

The title of the software company Novell has soared by 28%, to 6.08 dollars.The investment fund Elliott Associates offers to buy the entire group with an offer of 5.75 dollars per share in cash, for a total market capitalization of two billion dollars.

Costco Wholesale (-1.14% to 60.7 U.S. dollars) has reported a quarterly profit up supported by a resurgence of attendance. For its second quarter ended February 14, 2010, Costco posted a profit of $ 299 million, 67 cents per share, against 239 million, 55 cents per share, a year ago.