Sources: Potentialpark

Personal loans like these have to be repaid back within a time span of 15-20 days. This period can be extended a bit in case of emergency.

Nearly 22% drop for the CAC 40 since the beginning of the year. It the finding bitter than do today small shareholders after exercise 2010 already very morose terms stock. Consequences: these individual shareholders a society often individuals are disoriented face financial markets irrational very volatile and sealed by concerns recurring on debt crisis eurozone. What confirms elsewhere study Investment stock conducted among investors assets.

Conducted last October by the Institute OpinionWay with just over 800 individual operators, the survey did feel a great pessimism on the part of respondents.If 87% believe that investment in business is quite good or very good for the shareholders in general, 60% are quite worried or very worried about the financial markets in general and of their portfolio in particular easy payday loans. Over 42% also state that their opinion regarding the financial markets has worsened, despite the measures of financial regulation put in place following the 2008 crisis. 75% also believe these measures ineffectual.

Concerns salon Exchange

Consequence of this pessimism toward the stock market investment (listed shares, mutual funds, options, certificates, warrants), individuals felt it was urgent to wait. Overwhelmingly self (80% fully manage their own portfolio), these investors have mainly invested any additional amount over the last six months (54% of them).

Between optimism and caution, the Paris Bourse is expected to open slightly lower on Monday morning. The futures on the CAC 40 is due in November returned to 8:30: down by 0.34%, they portend an early trading mixed.

The debt crisis in the euro zone continues to focus the attention of international markets, including Italy, whose financial situation was at the heart of the G20 discussions. Last night, the two main political parties in Greece have announced an agreement to form a national unity government which will not attend the current Prime Minister George Papandreou. An agreement aimed at ending the political crisis that shook the country on a background of project, aborted referendum on the European Support concluded October 27.The hotel is also in advanced negotiations for the buy out its Indian partner Geojit Financial Services in a joint venture institutional brokerage, according to two sources familiar with the matter cited by Reuters.

According to La Tribune, Crédit Agricole is expected to announce during November job cuts, mainly in its branch banking and investment (CA CIB).

France Telecom: according to banking sources, the proposed sale of Orange Switzerland, a subsidiary of telecom, receives funding of around one billion euros arranged by the seller. The sale could be completed before the end of the year.

"I need six months," stated January 6 Roselyne Bachelot, the Minister of Solidarity, in order to find explanations for the slow ramp-up of RSA Young. The replacement income (RSA base) or complementary (RSA activity), created by Martin Hirsch at the request of Nicolas Sarkozy, had been extended four months earlier to 18-25 years for help and empower those who work out of poverty. Without much success.

Only 5,000 young people benefited from the end of 2010 RSA. Less than a third of the number of recipients while working. Ten months after the declaration of the Minister, the objectives are still not met and no corrective action was unveiled.

According to the latest scores (end June) and Le Figaro has procured, 10,200 youth aged 18 to 25 years are now affecting the RSA Young.An increase of 100% of beneficiaries in a little over a semester, but a figure still well below the initial target of 160,000 to 200,000 posted in September 2009. In 80% of cases, the RSA is nothing but a supplement to earned income which grew by an average of 130 euros per month.

Roselyne Bachelot took his time

"It was the objective of the measure, objecting a ministerial adviser: providing additional income to young people active." And not, as had been hammered in September 2010 Marc-Philippe Daubresse, then in charge of its implementation up to the government to "create an assistantship grant for youth."Less than a year after the extension of the RSA to 18-25 years, only 2000 young people (who worked two years in the last three and no longer receiving unemployment benefits) affect, in fact, just the RSA base, income Replacement of just over 460 euros per month.

As for Roselyne Bachelot, his silence is easily explained according to his entourage. Given the complexity of the case, the Minister of Solidarity decided to give some time to analyze the reasons for the low rise of the device. "The subject is by no means abandoned, we are assured Avenue de Segur. We begin to have a little more back and we will soon make announcements to that effect. "

According to reports, corrective measures will be announced before the end of the year, with six months behind the original schedule, most likely during the Review Conference of the RSA to be held December 15."Fill a folder is a gas plant for a young struggling to meet all the necessary documents," and advocates a relative of the minister should propose a simplification of administrative procedures. It is not excluded that the conditions for entry into the device, from the outset considered too restrictive by Martin Hirsch, should be reduced to allow more young people to benefit.

Coface is concerned about the effects of the financial crisis on the real economy. Noting a decline in the strength of companies, credit insurance company, which today unveiled its new assessment is lowering its ratings for the euro area and the United States.

"The outstanding, which had indeed declined after the peak record in mid-2009, increased 12% worldwide in the first half of 2011," says chief economist Yves Zlotowski. Peripheral countries in the euro area are the most vulnerable, with an increase of 28% in Greece, Italy 29% and 71% in Portugal. "In this country, it is less sovereign risk worries that the business impact of the recession, austerity measures, the credit crunch and lack of growth opportunities," said the Chief Economist.

Another weak link, Italy (rated A4) which is found as Portugal (A4) on negative watch.The economy suffers from structural weaknesses of businesses, which will be aggravated by the economic slowdown. Degraded by one notch, Greece (note C) brings in its wake Cyprus (note B), due to the high exposure of its banks and a very high private debt no faxing pay day loans.

Other countries in the euro area – Germany, Austria, Belgium, France and the Netherlands – retain their A2 rating but lose the positive watch, as the United States.

Crisis of confidence

Overall, the two sides of the Atlantic are suffering the same problems.In downturn, linked to debt reduction of economic agents, combined with the crisis of confidence reflected in market volatility, the distrust of banks holding back access to credit, and political obstacles, among the psychodrama of the debt was U.S. and European delay in resolving the case of Greece and strengthen the euro area.

"We need a credible institutional scenario on European and safeguards," notes Yves Zlotowski, is said, however, confident. "There have been major advances in Greece, the role of the ECB, the EFSF …."

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The big aerospace contracts at arm's length support the French foreign trade. These two sectors have advanced temporarily to France to reduce its trade deficit by 32% to -4.967 billion euros, against -6.363 billion in July, according to Customs figures published on Friday.

"Deficit reduction is entirely due to the transport sector," stressed the customs in a statement. Remains that over the last twelve months, the gap between imports and exports widened to 66.8 billion euros, against 51.5 billion for 2010.

Exports reached on August 37.42 billion euros, up 2.9% at three months. Airbus sales have been strong high for the month of the year, thanks to the delivery of three Airbus A380 super jumbo no fax cash advance.In addition, France has delivered two satellites, one in China (112 million) and the other in the United States (130 million). The performance of aerospace and aeronautics, powered shots of large contracts, are very volatile from one month to another.

The rest of the industry has pretty well taken for export, Customs noted "particularly strong for industrial machinery and electrical equipment, industrial exports are fixed for the chemicals."

Imports in turn was driven by the manufacturing industry (chemicals, rubber, plastics, industrial machinery, etc.).. "Imports are also rising, particularly since the European Union (Ireland, Germany, UK and Netherlands), 'the Customs.

The U.S. stock markets, should open with no real leadership on Friday. Future of Standard & Poor's 500 fell by 0.12% to 1222.10 points, while those on the Nasdaq 100 2174.75 0.01% grappillent points. The markets are still haunted by the fear of a recession in the U.S. and the crisis of public debts. Wall Street tumbled Thursday was at the end. The Dow Jones ends with a fall of more than 3%.

In an attempt to stop the stock market crash, the finance ministers and central bankers of the twenty leading economies gathered in Washington last Thursday pledged to provide "a strong and coordinated international response" to the crisis at a meeting in Washington.In a joint statement, they agreed to ensure that "banks have adequate capital" and promised to provide "the necessary liquidity" to financial institutions. But for specialists Aurel BGC, "the real decisions are referred to the Summit of Heads of State and Government to be held in Cannes, 3 and 4 November."

The Perfect Storm, the large emerging group of "Bric" were "determined to accelerate structural reforms to sustain strong growth." Brazil, Russia, India and China but also South Africa so consider "if necessary, to provide support through the IMF or other international financial institutions, to address the current challenges facing the global financial stability, according to the circumstances of each country. "The inventor of the BRIC, Jim O'Neill, chairman of Goldman Sachs Asset Management, said however that emerging markets are likely to require at least, in exchange for their support, greater clarity on how the Europe has to solve its crisis.

Gloomy outlook for world trade

In response to a request by the G20 in September addressed to Nicolas Sarkozy, the countries of the euro area have also promised to implement "necessary measures to increase the flexibility of the European Financial Stability Fund (EFSF)" to avoid contagion from the crisis in Greece. Yesterday, the possibility of a defect in Athens, though long ruled by EU leaders, was raised by Klaas Knot, Member of the Board of Governors of the European Central Bank (ECB)."This is one of the scenarios," he told the Dutch newspaper Het Financieele Dagblad.

The specter of a global recession has suddenly resurfaced after the ads pessimistic U.S. Federal Reserve (Fed), which held that the U.S. economic recovery was "slow" and threatened by "high risk". Wednesday she has decided to sell by the end of June 2012 for $ 400 billion of treasury bills and to purchase for the same amount with a longer maturity.But the fact that it favors measures to monetary easing, a depressed market on Thursday, who sees as a sign of impotence.

New signs of abating, the World Trade Organization (WTO) revised downwards its forecast for this Friday trade growth for 2011, expecting growth of world trade by 5.8% against 6.5% forecast so far, according to its website.

On the foreign exchange market, the euro climbed slightly against the U.S. dollar: it rose on Friday by 0.57% to 1.3533 dollar. Oil prices also went up.A barrel of "light sweet crude" for delivery in November, which had tumbled more than $ 5 the day before returning 1% by mid-morning at 81.31 dollars.

The side of values, after the close of the NYSE YorkHewlett-Packard announced the replacement of Leo Apotheker as CEO from Meg Whitman, confirming the many rumors that had circulated in recent days.

At Advanced Micro Devices (AMD) is Rick Bergman Devices, responsible for products, who announced his resignation. The CEO will temporarily Rory Read office.

Covidien raised its quarterly dividend 12.5% ​​to 0.225 dollar per share.And, for its part McDonald's has increased its 15% to $ 0.7 per share.

In order to treat its shareholders well, Raytheon has authorized a stock repurchase plan of $ 2 billion.

The American manufacturer of sporting Nike has exceeded market expectations by posting yesterday after the close of U.S. markets net income for the first quarter of fiscal year up 15% to $ 645 million, driven by its Sales in North America and in emerging countries. Revenues rose 11% to $ 6.1 billion.Orders scheduled for delivery between September 2011 and January 2012 were up 16% to $ 8.5 billion.

On the occasion of a major overhaul of its website, Facebooks'est services associated with music, news and video, including Spotify, Deezer and Dailymotion, and challenge from Apple in the content.

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"FILE – Crisis: Fear of debt

Indeed, the U.S. agency Moody's would lower a notch notes BNP Paribas and Credit Agricole and two notches that of Societe Generale because of their exhibits to Greece. It must be said that these institutions have recently been pounded by investors. Since the beginning of the year, BNP Paribas, Credit Agricole and Societe Generale have lost between a "large" third and 60% of their value. On the first day of September, the losses of the three titles are respectively 17.45%, 22.33% and 27.69%.

BNP Paribas, the largest tumble CAC 40 ended on a fall of 12.35% to 26.12 euros. Societe Generale lost 10.75% to 15.57 euros. Yet the group announced Monday a plan of economy, a strong acceleration of asset sales of its portfolio and spread of new capital increase, according to a statement. Lastly, Crédit Agricole lost 4.82% to 10.64 euros.

Axa was down 9.73% to 8.48 euros and 6.23% to loose Natixis 2.25 euros.

A lack of concern Greece

In an attempt to reassure the markets, Michel Barnier, reiterated in late morning the "confidence" in the strength of European banks. "We need some keep their calm and composure," said European Commissioner for Financial Markets on the sidelines of a symposium on the new stock markets plummeting.

In fact, the concern is more and more about Greece. Until recently considered taboo, the prospect of failure now seems taken seriously. This Saturday, the German newspaper Der Spiegel, said Berlin was preparing for the possibility of bankruptcy of Athens, information denied by the Greek Minister of Finance.

In this context, Greece has promised two billion euros in additional savings.Welcoming the decisions of economy, the European Commission announced that donors of the country gathered in a Troika-Commission European Central Bank-International Monetary Fund would carry out their return to the country "in the coming days."

Finally the markets, concerned about the economic slowdown in the U.S. and Europe have not been reassured by the meeting of finance ministers and central bank governors of the G7, for lack of action.In fact, only a response of "strong" and "coordinated" to the crisis was discussed in the hearing closed, but without specifying a strategy.

To a deterioration of banks

United States, Barack Obama on Monday will submit to Congress the plan to revive the economy and employment announced Thursday.

In Italy, the government will explore new austerity measures this week said Giulio Tremonti, Minister of Economy. This weekend, the prime minister Silvio Berlusconi boasted of having "saved Italy" with its austerity plan. Moreover, Rome issued on Monday 11.5 billion euros of bonds to three months to a year in which interest rates have soared in a panic on the markets, said the Bank of Italy. The rates of securities a year enrolled in 4.153% against 2.959% in the previous similar operation on August 10.The rate securities have them three months almost doubled to 1.907% against 1.034%.

On the macroeconomic front, leading indicators of the Organization for Economic Cooperation and Development (OECD) report a "slowdown" of the world's major economies.

The euro to its lowest level against the yen

On the foreign exchange market, the euro remained sharply lower against the greenback Monday, falling below $ 1.35 even briefly, due to another bout of market panic response to the crisis in Europe. End of the session in Paris, the single European currency was worth 1.3645 dollars against 1.3649 dollars on Friday night. Earlier, the euro fell to 1.3495 dollars, its lowest level since Feb. 16. The euro also fell to its lowest level in a decade against the yen. The euro bought 104.64 yen against 105.91 yen Friday.In the early morning, the euro fell to 103.90 yen, its lowest level since June 2001.

As for oil, it appears in sharp decline. On the New York Mercantile Exchange, a barrel of "light sweet crude" for October delivery was trading at 86.84 dollars, down 40 cents from Friday.

Values ​​of the day

• NYSE Euronext: -7.12% to 18 euros

The merger between Deutsche Boerse and NYSE Euronext will be endorsed by the European Commission, without major changes, officials said Friday, sources familiar with the matter.However, the European Commission will take action to force the markets to open.

• Air Liquide: -2.74% to 85.22 euros

The group of industrial and medical gases, Air Liquide announced Monday that it continued to bonds denominated in yuan, with the issuance of a second series for a total of 800 million yuan (about 100 million euros).

• Technip: -0.71% to 64.78 euros

The French engineering group has reached an agreement to acquire the entire share capital of the U.S. Global Industries, a specialist oil services submarines, to $ 1.07 billion (768 million) in cash.Technip will pay $ 8 per share Global Industries and the transaction amount includes net debt of $ 136 million, according to a French group.

• Delachaux: 2.61% to 81.77 euros

Trading in the action of the train manufacturer, suspended since Tuesday, resumed Monday. CVC Capital Fund and part of the family shareholders have filed a draft takeover Thursday simplified Delachaux at a price of 83 euros per share.

• Casino: -3.27% to 54.71 euros)

The French retailer Casino and its parent company announced Monday rally wearing their participation to 45.9% in CBD Pão de Açúcar (GPA), having acquired new shares of Brazilian group, the heart of a dispute between Casino and Crossroads this summer."This acquisition reaffirms the trust and commitment that rally, like Casino, place in Brazil and GPA," said Rally in a statement.

Note that the values ​​most dependent on economic conditions, including Saint Gobain (-5.48% to 28.71 euros), Alcatel Lucent (-5.05% to 2.20 euros) and ArcelorMittal (-3.38% to 12.58 euros) also suffer.

The bill may be steep Irene. The governor of New Jersey, Chris Christie, has evaluated this Sunday on the NBC television network damage caused by Hurricane "billions of dollars, even tens of billions of dollars." According to an alternative estimate delivered by the consulting firm Kinetic analysis, the hardware cost of this storm is expected to rise between five and ten billion dollars, most likely around seven billion. Just to the North Carolina and South Carolina, two states already affected by the hurricane, the amount of losses expected to reach between 200 and 400 million.

Above all, this damage should be responsible in large measure to the State, businesses and individuals, when insurers should take on a lesser share of the burden, said Chuck Watson, one of the leaders of Kinetic Analysis told AFP."Most of the structural damage will be caused by the rising water because of rain and coastal flooding. Yet this type of damage is not covered by private insurance, "said he.

The same applies to losses caused by the cessation of activity in areas relevant to the coast, or the cost incurred by the evacuation of hundreds of thousands of people payday loan no faxing. Thus, New York, usually hectic, has been transformed this weekend into a ghost town, most shops have closed up shop and residents have been urged to stay home. But there is no damage reported, insurance should not pay a dime to compensate their members.

Insurers expected to be down

Insurance companies, however, should see their value fall Monday at the New York Stock Exchange.On Friday, insurers Allstate and Travelers had fallen to the lowest levels for two years, investors anticipate the costs incurred by the hurricane for those companies.

The amount of the invoice should still be less than initially estimated. Thus, Kinetic analysis was planned on Friday that a tornado could generate over 12 billion euros of damage if it hit New York at the height of its intensity. Finally, she was demoted to a mere tropical storm, with winds still 100 km / hour. These amounts are in any case of a different order of magnitude as the colossal damage of about $ 100 billion registered during Hurricane Katrina in 2005.

The world welcomes the U.S. agreement with relief. And sometimes with caution. France, through the voice of the Minister of Economy and the Baroin Budget Valérie Pécresse, on Monday welcomed the compromise that must still be voted in the Senate. "This is great news for the world economies, a very good news for the United States but also for Europe," said the minister.

Baroin for its part related to the Europe Agreement on Greece on Thursday and compromise between Republicans and Democrats: "All that has been implemented for two weeks three weeks, the agreement of the euro area on the issue Greek, the Washington agreement on the question of raising the ceiling of U.S. debt in the right direction. "These agreements" are going in the direction of the reinforcement of global growth, "he said, and they will" reaching consequences for global economy is recovering. "

Berlin has also welcomed the plan, but without emphasis. "The German Government is satisfied that there is a political agreement in the United States on this difficult issue," said at a press conference a spokesman for the government, but "we do not comment on its contents."

Earlier in the night, Japan applauded the U.S. agreement."We welcome the agreement on the U.S. debt and hopefully it will stabilize markets," said Chief Cabinet Secretary, Yukio Edano. The islands observed at the forefront of American debt crisis. It is the second largest holder of U.S. Treasuries, after China.

BlackRock prudent

It is not clear, however, that the announcement of Washington, as expected, calms markets. The largest asset manager worldwide, BlackRock, welcomed the plan cautiously. "The proposed framework for reducing federal spending is a positive step," said the fund in a statement. But "the exact composition and timing of all the spending cuts will determine whether the proposal produces a real and significant reduction of the deficit," he added.

Markets "need to perceive a clear path to deficit reduction to encourage confidence in the U.S. dollar," says BlackRock. "This is essential if we are to retain the AAA rating of the United States and encourage long term investment."

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