"It does not happen much on the markets, who are eagerly awaiting the unemployment figures of the United States, says it in the rooms. Is a very important day. Nobody wants to get new paris before this indicator. Investors prefer to wait and see what is the recovery. "He added: "If the numbers are bad, I think the markets will fall heavily and not only Friday, but next week."

Pending the U.S. unemployment

Despite a slight decline as unexpected new listings weekly unemployment across the Atlantic on Thursday, the Labor Department is expected to announce this afternoon an increase in unemployment to 9.6%."The GDP is not growing fast enough to create hundreds of thousands of new jobs needed each month to reduce employment at its level before the crisis," said Christina Romer Thursday, who will leave at the end of the week his position as economic advisor of President Barack Obama.

Also across the Atlantic in 16 hours, the ISM index of activity in services for the month of August and a speech from Fed chairman in Atlanta, Dennis Lockhart on current economic conditions are also scheduled .

For the euro area, will be published in Composite PMI and Services for the month of August (10:00) and retail sales for the month of July (11:00) no fax payday loans.

The meeting will be much calmer on the microeconomic front, in the absence of publications, the wave of results for this quarter coming to an end the Paris Bourse.

Values follow

Investors monitor the value of France Telecom, however. The chief operator, Stéphane Richard, told Reuters on Thursday on the sidelines of the MEDEF Summer University he was confident in the outcome of discussions with Canal + on the fusion of TV Orange Cinema Series and TPS Star. It will also try to convince the government not to raise VAT on offers "triple play".

Air France plans to create a structure "low cost" for medium-haul routes, especially between Orly and the province to counter the offensive of the British low cost airline EasyJet.

The Slovak government has decided to retire to a consortium led by Bouygues a road construction project of $ 3.3 billion through a public-private partnership announced Thursday, Slovak Minister of Transport, Jan Figel.

Venezuela will pay approximately $ 600 million (468 million euros) in Casino and other shareholders of the supermarket chain Exito nationalized in January, said Thursday in President Hugo Chavez.

Vinci said on Thursday the acquisition by its subsidiary of Vinci Park UK Meteor Parking which achieves annual turnover of approximately 50 million pounds (60 million euros), enabling it to become number four in the sector United Kingdom.

LVMH: A court decision is expected this Friday on an appeal by eBay, convicted in 2008 for dissemination and distribution of counterfeit perfume off approved.

After biting the nose in the first hour of trading, the benchmark index of Wall Street still has erased much of its losses. At closing, it fell by 0.56% to 10,213.62 points. The S & P 500 fold, from 0.37% to its 1071.69 points. While the Nasdaq managed to regain the green, scrounge 0.04% to 2179.76 points.

U.S. stocks have relapsed this week, especially Thursday and Friday amid renewed fears of further slowdown in activity, even recession.

"There is an internal struggle within the market right now, between the flow of economic indicators is rather disappointing for 48 hours and the balancing force that represents the multiplication of impressive announcements of mergers and acquisitions," noted Craig Peckham, Jefferies ."The market tries to anticipate a downward revision to corporate profits, which has not yet taken place, added the analyst.

Thursday night the U.S. stock markets were sharply accused the coup after the publication of bad numbers, especially on the employment front. In fact, new listings weekly unemployment rose by 12,000 for up to 500,000, while economists had forecast a drop instead. This setback has undermined all European stock exchanges, down nearly 2% on Thursday evening. The stock, Wall Street head, are more worried about the U.S. recovery is becoming increasingly threatened, yesterday, two other macroeconomic indicators have further disappointing disappointment consecutive ill-digit unemployment in the industrial activity Philadelphia region has not improved as the markets would have liked.The composite index of leading indicators the Conference Board is certainly left in timid increase, but suggests "a very slow recovery until the end of the year."

The earnings season gives way to mergers and acquisitions …

On the corporate side, while all the companies in the Dow Jones have now released their quarterly earnings, mergers and acquisitions also certainly inspire markets.But if they reassure investors about the health of businesses able to play cash on the table, they can not counter the extreme distrust aroused by signs of a growing number of weak U.S. recovery.

GAP (2.48% to 18.15 dollars) is reaping the fruits of this Friday's announcement the day before the quarterly earnings above expectations, thanks to the rebound in sales recorded by its brands Banana Republic and Old Navy.

PT (-0.86% to 40.42 dollars) and Dell (0.11% to 12.05 dollars) will be closed on the ball quarterly results.HP has shone with a quarterly profit up 6%, and Dell has not been left behind, with sales and earnings above expectations for the second quarter and expects a continued recovery in demand professionals for PCs in the coming quarters.

The world leader in microprocessors, Intel, announced on Thursday that he offered the world's number two computer security, Mc Afee (-0.07% after 57% yesterday), $ 7.6 billion .

While the hostile bid from BHP Billiton (-0.97% to 66.70 U.S. dollars) Potash (-0.75% to 147.72 dollars) continues to make waves on the Stock Exchange (Fitch Ratings has put on hold BHP Billiton), the offensive yesterday from Dell, the German publisher of software Wirecard rose Friday on the Frankfurt Stock Exchange after the entry by traders of a possible interest of Visa for the company.The title Wirecard advanced 2.05% to 8.71 euros while the action Visa German Stock Exchange fell by 0.35% to 55.69 euros. Visa back on Friday from 0.39% to 71.35 dollars.

Boeing (-0.59% to 64.24 dollars). The United States announced Thursday that they were using, like the European Union a month earlier, the ruling in June by the World Trade Organization (WTO) in the dispute over public funding for the aircraft manufacturer Airbus. It was also learned that Thai Airways talks with Boeing and EADS for 30 aircraft

The EPR to review

"The EPR is unsellable!" It is the summary, very raw, made by a government report's findings Roussely. In the version now public, it says still that "the complexity of the resulting EPR design choices, including the level of power (1,650 megawatts, MW), (…) is certainly a handicap for its implementation and costs. The report recommends a "value", which will be waged not only by its manufacturer, Areva, but also by EDF.

The TTY, a new reactor

The Elysee Palace announced that the range of proposed reactor would be enlarged.The average reactor power (1 000-1 150 MW), the TDD, developed by Areva with Japan's Mitsubishi, is reinforced. And, adds the Elysee, more lenient than Roussely with atomic ambitions Mestrallet, GDF Suez will be "associated" with its certification.

Areva will not be dismantled

Mentioned a few months ago, the dismantling of Areva was quickly dismissed by Francois Roussely. Two reasons: Areva offers a complete service to its clients elsewhere in the integrated model "would spread the financial risk and ensure profitability Honourable average in every cycle," the report said.

A Department of Energy

The Elysee has not taken the number one recommendation of the report: "create a Department of Energy. Energy is currently under the tutelage of the vast Department of Ecology Jean-Louis Borloo, who claims consistency.Alternative proposed by Francois Roussely: General Secretariat of Energy. The idea is in any case that the state retains control over the sector.

Open mining Areva

The nuclear group is the largest producer of uranium in the world. This work is very consuming capital. Or Areva in dire need right now. The report mentions the Roussely creation of a new mining company in which Areva would bring its mines and it would retain a majority stake. The other shareholders could be its customers, including EDF, the first of them. Without being very specific, the head of state does not preclude such a scenario. "Partnerships for industrial mining of Areva, which may include a capital dimension, will be discussed," said the Elysee statement said.It is not clear so far whether Eramet (Nickel), 26% owned by Areva, will participate in one way or another to the mining company.

Wear the life of plants to 60 years

Francois Roussely judge that longer duration of twenty years of French reactors strengthens the economic competitiveness of nuclear power. But security will prevail on the extension.

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"DOCUMENT (pdf) – Summary report Roussely

"EDF could take a stake in Areva

The group will remove the center of Marseilles (25 posts), Pantin (149), Rennes (194) and Tours (51). In four cities, where two centers exist, they will be merged, with the result at Le Mans 41 positions eliminated, 169 Lyons, 71 and 61 in Orleans in Toulouse. Finally, the site of Bordeaux will be cut by 69 positions. Teleperformance be explained today "structural overcapacity" and puts forward an operating loss of 36 million euros in 2009 in France for a turnover of 300 million.The group attributes this poor performance by "a slowdown in demand for its key markets" and "the loss of significant commercial contracts during 2009.

A social plan for 585 positions had already been applied to the company in France in 2009 and had been strongly challenged by unions in the courts, which had delayed its implementation for several months. This new plan is not a surprise. Teleperformance, which has six subsidiaries in France, decided in 2009 to merge. "They wanted to go too fast last year in the merger, where the resistance of employees. Result, management has been changed.But we continue to fight, "said Eric Dufaud, delegate of the union SUD.

Relocation

"I put everything from scratch with the intention of returning to profitability and secure a future for the industry of call centers in France," said Jean-Herve early June Jenn, new president of the group since April. Its purpose is to provide value-added services, refining and expanding the range of services offered to justify the higher prices in France and abroad. A call center agent costs about 30 euros an hour in France, against 15 euro in Tunisia.

All call centers have an offshore development center, because their large customers have one obsession: to lower prices. Teleperformance is so well established in Tunisia, are among the largest private employers in the country.He also opened last year a call center in Morocco and plans to accelerate the movement. "If the principals do not respond or if the government does not legislate, it's the call center industry is likely to go abroad," says Eric Dufaud.

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"Teleperformancereste cautious for 2009

Same trend on the rest of European markets. In Spain, the Ibex 35 lost 1.16% to 8765 points. The Dax index of thirty blue chips of the Frankfurt Stock Exchange plaice 0.42% to 5959.11 points. The London Stock Exchange fell by 0.42% compared to Wednesday's closing at 5064.55 points.

Early this morning, Asian stock markets have posted positive counters. The indices are displayed in positive territory while a series of good gives figures balsam inside investors.

The euro is ironed beyond $ 1.2.

U.S. growth is reassuring, Ben Bernanke also

Published yesterday, the Fed's Beige Book confirmed an increase in economic activity in the United States without signs of inflation, reinforcing the idea that the Fed is in no hurry to raise interest rates. The Federal Reserve announced it was expecting a GDP of 3.5% for 2010 and "somewhat" more in 2011. In May, the Fed was between 3.4% and 4.5% for 2011.

Its chairman, Ben Bernanke, indqiué he remains attentive to the evolution "of the situation abroad. His comments are aimed at Europe in turmoil budget.He said however, "reassured by the answers of Europeans," holding that they have developed a "substantial program.

The economic indicators of importance

In France, industrial production in France fell 0.3% in April, but production of the only manufacturing industry continued to grow, according to data released Thursday CVS-CJO by INSEE.

In Frankfurt, while it is held by the Governing Council, Jean-Claude Trichet, head of the European Central Bank, will deliver the Bank's decision on interest rates to 1% today. A status quo is preferred.

Like every Wednesday, the weekly unemployment benefit claims in the United States will be published at 14.30. The figures on foreign trade in April will be known at the same time.Then, 20 hours, investors will follow the budget execution figures for the month of May

Japan remains the second largest economy after the United States, while the revised official figures and show a growth of 5% in the first quarter of 2010.

France Telecom, one aggrégateurplus a producer

Value-laden France Telecom, which held its annual meeting Tuesday, it appeared necessary to adapt its strategy contained in the competitive environment and has therefore become more assertive as an aggregator and as a producer, said Wednesday Stéphane Richard, his manager General at the General Assembly.

In addition, the telecom authority (Arcep) on Wednesday defended a regulatory context to counterbalance the dominance of France Telecom in the telephony market in France.

The securities yield 0.36% to 15.3 euros.

Air France-KLM: -1.49% to 9.6 eurosSelon information Figaro, Ethiopian Airlines is preparing to sign an agreement with Star Alliance to join the alliance dominated by Lufthansa. Air France is being shaken to its network and the most profitable.

Total: -1.35% to 37.6 euros The oil company involved in the construction of a solar concentrator 100 megawatts in Abu Dhabi, the largest in the world.

The above shares retreat amid plummeting BP shares, which fell by 15% to the London Stock Exchange on Thursday morning – they dropped 15.8% yesterday on the U.S. markets. In its wake, Technip signed the largest drop in the CAC 40: -2.3% to 47.7 euros.

Renault: -1.18% to 28.9 euros change in the financial department head. Thierry Moulonguet will be replaced by the CEO of RCI Banque.

Imerys: 0.11% to 40.3 euros The Strategic Investment Fund (ISF) announced Wednesday the fall departure of chief executive Gilles Michel, who will join the group of industrial minerals and construction materials, including it should become CEO in 2011, to succeed Gerard Buffière.

French Members Banks, which begin Thursday in open discussion of the draft law regulating banking and finance, also want to discuss with the Government of the German measure to ban naked short selling.

Societe Generale drops 1.9% to 31.1 euros.BNP Paribas, -1.6% to 33 eruos, Credit Agricole, -1.2% to 8.1 euros.

EADS: -0.96% to 17.05 euros Eurofighter has launched negotiations with Germany, Spain, Great Britain and Italy in order to convince these countries to invest 10 billion euros in next phase of production of its combat aircraft.

Moreover, during the Berlin Air Show, Louis Welsh, the executive chairman said he was "delighted if we could forge a partnership with Embraer, the Brazilian counterpart, said FinanzNachrichten.

The form that could take this partnership has not been specified. In the past, EADS has held a minority stake in Embraer, which he sold in 2007.

The Auchan retail group and its Taiwanese partner Ruentex preparing to list their Chinese activities on the Stock Exchange of Hong Kong, according to Les Echos published Wednesday.A first for the family business.

Changes in recommendations

Lafarge and Saint-Gobain Citigroup raised its recommandaiton from "hold" to "buy". Lafarge appears among the only five values in the green on the CAC 40, 0.66% to 47 euros. Saint-Gobain is 1.22% to 30.64 euros.

Vinci: 0.05% to 36.6 euros ING has started tracking the purchase, with a target price of 44.20 euros.

But on Monday, the atmosphere should be more relaxed, even if the night was tough for the leaders of the European Union. He has established a plan to help the euro area, and obtained from Spain and Portugal to announce new measures to reduce their deficit. Around 2:00 am, the EU finance ministers agreed on the establishment of a "European stabilization mechanism designed to preserve financial stability in Europe."

Warm welcome in stock: Asian stock markets move in the green Monday, and European markets should be reassured that Monday morning.Around 8:00, the futures contracts expire in May predicting an opening up of more than 4%.

However, gold continues to rate at its highest, indicating that investor nervousness remains high.

Michel Barnier on Wall Street

On Monday, the Bank of France must publish at 8:30 its business survey in industry for the month of April. Fifteen minutes later, INSEE unveil industrial production in March in France. In Germany, foreign trade in March will be monitored

In Europe, the "World Economic Forum opened on Monday for two days.Moreover, in the afternoon, Michel Barnier, European Commissioner for Financial Services, will deliver a speech on Wall Street Fast Cash Without a hassle.

Veolia confirms its objectives

Side values, Veolia Environment has issued Friday a consolidated sales down 4% at current exchange rates and 3.1% at constant exchange rates for the first quarter of 2010, to 8.7 billion euros. The group confirmed the targets set for 2010, namely "to generate a positive free cash flow after payment of dividends and earn a recurring operating income up."

Eiffage reported a sales decrease of 4.2% to 2.9 billion euros for the first quarter of 2010 due to declining revenues in its construction division due to weather at the beginning of the year.

Euler Hermes has announced a net profit almost tripled in the first quarter to 47.6 million euros, and confirmed he expects this year's results improved.

Orascom and France Telecom have unveiled Sunday details of the agreement they reached on their holdings in Mobinil, at the request of the Egyptian market regulator.

The Japanese company Toray Industries, a specialist in textile and carbon fiber, announced Monday it had reached an agreement 15 years until 2025, an unspecified amount, with the European aircraft manufacturer Airbus for the supply of composite, especially for the A350.

Contagion

But there are more serious.The contagion has now reached the full force of Portugal.

Compared to its European competitors, French industry is doing rather well. "The activity of other countries fell by an average of 19%," said Yvon Jacob, president of the Federation of Engineering Industries (FIM). The French exception is explained in part by the support that was received by French manufacturers.

The recovery plans, the state aid measures such as scrapping bonus, or the continuation of regional investment activities have supported activity. The role of the state does not explain everything. Companies based in France have taken advantage of the health of certain sectors such as construction, aerospace, energy and railway industries."Moreover, thanks to social shocks, household consumption remained at a good level," says Yvon Jacob. The social situation remains tense engineering industries (650,000 jobs) lost 5.5% of their workforce in 2009. The FIM also fears of new staff reductions, and does not expect improvement until the end of the year. The activity should indeed be further reduced by 5% this year. "If the recovery occurs in 2010, it does not benefit us immediately, says the president of the Federation, as investments leave last.

The limit for submission of tenders is set for May 25 and the award (or) licenses is expected a month later. According to the press, Vivendi and Televisa will give until 15 February to agree this.

Latin America in the collimator

After Africa, so it is that Latin America is covered by the French group.Already, Vivendi, winning the battle against the Spanish giant Telefonica to afford GVT (2.8 billion euros), has offered to pass a strong position in the region.

Mexico and its 110 million inhabitants currently host three large operators, Telcel and Movistar in mind. "The penetration of mobile phones in Mexico is higher than 70%," says an analyst specializing in the field.

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