Investors should react positively Wednesday morning the results of Societe Generale, published before the opening, and that are much better than expected. Monday, BNP Paribas and HSBC had already published accounts reassuring and had restored confidence to investors worldwide.

Tuesday, ACC 40a consolidated amid stalled on Wall Street. The index closed slightly down from 0.12% to 3747.51 points, close to 3750 points. On Wednesday, the index future pointing down on the CAC 40, which is expected to decline from 0.31% to 3734 points in the opening gong.

In Asia, Tokyo reclusive sharply while export values are still penalized by one yen rise against the U.S. dollar.

On Wednesday, the macroeconomic news might still punctuate the markets.In the euro area, 10 hours, attention is paid to the services PMI for July and composite (2nd estimate) and above 11 hours, on retail sales in June

Overseas, the ADP employment figures in the private sector in July will be well attended in the financial world, at 14.30. Then at 16 hours, the ISM index of activity in services should lead the market. Finally, at 16:30, the traditional weekly crude oil stocks are known. All these figures of importance, so that on Tuesday, the statistics on consumer spending and incomes of households were poorer than expected.

Société Générale and Axa have published

As for values, investors have been informed by stock-half-year results of Societe Generale. Net income was more than tripled to 1.084 billion euros in the second quarter.Economists expected a doubling. Moreover, its Greek subsidiary Geniki announced a widening its net loss in the first half, the economic difficulties the country promoting the proliferation of bad loans.

Axa has posted a net profit in the first half down 29% to 944 million euros. It mieuw than expected and operating income, which excludes special items, spring, him, down 3%.

Suez Environment, a specialist in water management and waste, noted Wednesday its growth forecast for the full year 2010, after posting interim results up sharply.Jean-Louis Chaussade, CEO of number two French water treatment and industrial waste, says his group's performance in the first half.

Bic Sopra and Iliad also publish pre-market.

Maurel & Prom: 68% of first half sales

Energy. Departments of Ecology and Economy announced Tuesday that the government planned to increase to 15 August electricity rates by 3% on average for households and 4% to 5.5% for businesses.

Maurel & Prom said on Tuesday sales up 68% in the first half of 2010, helped by the rise in production fields in Gabon and in particular the development of production fields and Omgw OMBG . Note that the oil companies are particularly sought after in recent sessions.The oil was indeed installed comfortably beyond 80 dollars.

Vilmorin published Tuesday a consolidated turnover in 2009-2010 increased by 6.2%, supported by his vegetable business. The fourth seed has confirmed global forecast fiscal year 2009-2010 ended June 30, "a good performance of its margins," despite the increased "significantly" from its investment in research.

Teleperformance announced Tuesday for the first half rose 3.9% in sales on a reported basis, down to a 2.6% decline in comparable, indicating that the positive impact of its restructuring plan on the second play part of the year.

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The chief executive of Publicis can be satisfied. The third group global advertising has emerged in the second quarter of fiscal 2010 to grow its turnover by 7.1% (in organic). A much stronger dynamism during the first three months of the year (revenues had increased by 3.1%).

Such performance allows Maurice Levy to display his full confidence for the full year 2010: "I am confident that Publicis will outperform the market in terms of growth and the level of last year margin will be floor, "he said, thus raising its objectives. In other words, the turnover of Publicis will rise by more than 3.5% organic growth over the twelve month period according to the latest forecast of ZenithOptimedia, the global ad investment is expected to grow by 3.5% ( target revised upwards twice). And his margin will be above 15%.

In the first half already, organic growth amounted to 5.3% to 2.538 billion euros, its operating margin to 14.5% and net income jumped résutlat 27.5% over the same period 2009, to 213 million euros.

The digital and emerging line of sight

"This growth is the result of a strategy that produces effects positifis and regular," says the boss, first "because it grows with our customers, we grow with them and other customers are attracted by the followed by Publicis, and also because the group has put its weapons into the digital world. "Digital is our priority and this activity, one that grows the most, permeate the entire group," he decrypts, including content that become paying on the Internet and the development of tablets in general.

And also because the band has pushed themselves pawns in emerging countries, where "the dynamism should continue also in 2011 and 2012". The first half of 2010 in any case, the turnover generated Publicis Asia Pacific grew 6% to 286 million euros and 10.8% in Latin America.

In the U.S., it reached 1.258 billion euros (+6.6%) thanks to a favorable currency effect, and the importance of the contribution of health activities and digital activities, which represent 42.5% of income from this region.

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The report Roussely "makes everything from scratch," says one minister who claims to have read the full version. The summary released Tuesday, which has probably erased the strongest criticism against the EPR and dissension between players of the team of France's nuclear confirms.

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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Spain has raised Thursday about three billion euros of fresh money in bonds and 15 years, allaying fears of the markets on its ability to find funds to repay a debt. Demand for the securities has been over two and a half times greater than supply, a sign of great success. The average interest rate of bonds stood at 5.116% during the operation faxless cash advances. The coupon will be finally served 4.65%, a high price without being dramatic. In April, the average rate was 4.43% for bonds of the same type. After this successful auction, the yield difference between bonds and ten-year Spanish and German Bund reference narrowed. The success of the operation also supported the course of the euro.

More and more voices against the euro. Most recently, the CEO of Maurel and Prom and former banker has lambasted the single currency in an interview with La Tribune. Jean-Francois Henin does not beat around the bush, he said "Europe is dying by inches of its single currency.

The officer believes that Europe will not end the crisis without a significant depreciation of its currency. The skipper and evokes "a level of parity of 0.6 to the dollar" before adding "not the European Central Bank will not accept it." In fact, the latter expressed doubts about the fact that the euro can survive the crisis "which is just beginning," he said free 3-in-1 credit report.

Redeployment of "onshore"

Regarding the consequences of the spill, the leader of the French oil major said the companies are counting on a redeployment of oil production on land at the expense of offshore in the Gulf of Mexico.

He suggested that no oil company is no longer able to "face the financial consequences of possible ecological damage. He said he expected consequences for production "in the years 2015/2020. "This should bring up to date the theory of" peak oil production ceiling, "said he.

Brussels pulls the alarm. Mobile phones, fiber optics, lithium batteries, solar panels, all these high-tech products depend for their manufacture, rare metals such as gallium and germanium. Problem: almost all of these raw materials become strategic in the hands of a handful of countries no fax pay day loan. Foremost among them China.

The European Commission released a report Thursday that is concerned about future shortages for fourteen of these elements, termed "critical" (*).

Beware the "domino effect". This is the message that Louis Welsh, head of EADS, the European governments address in an interview with German newspaper Handelsblatt on Monday. "We tell our clients in government: we understand that you need to save money. But do not destroy the fundamentals of our industry. "For Louis Welsh, it is imperative to" protect the research and development "in Europe.

Keeping a stable euro

The boss of EADS look very closely monitoring the crisis of the euro. While the costs of aerospace group are charged in Euros and aircraft orders paid in dollars, the decline of the euro is good news in the medium term. However, Louis Welsh stressed the importance of stability of the euro.If he refuses to make any predictions on the future of the euro, the president of EADS warned European governments against excessive rigor.

The more so that the defense is particularly affected by fiscal efforts put in place either side of the Rhine. In Germany, the Defence Minister Karl-Theodor zu Guttenberg said that large spending cuts would be made. In France, the government should cut sharply in the 2011-2013 budget of the defense. According to Les Echos, fiscal discipline could cost between two and five billion euros to the defense the next three years.

"National priorities different"

Another concern expressed by Louis Welsh, the risk of every European country favor of "different national priorities," which would jeopardize the common defense different programs, such as the A400M military transport aircraft."That adds up to be a domino effect for the sector," warned the skipper of EADS. As negotiations dragged on, the group hopes to finalize the contract on the A400M customers with the seven countries (Germany, France, Spain, Great Britain, Belgium, Luxembourg and Turkey) "by the end of July," adds Does it pay day loan cash advances. The first copy of the A400M will be delivered to France in early 2013.

In this interview, Louis Welsh hopes to resume delivery of EADS Tiger combat helicopters to Germany this year. Berlin had suspended its order for 80 helicopters built by Eurocopter subsidiary of European giant last week due to technical problems. An order valued at 3 billion euros. "We deliver two new machines to the German pilot test in July.If the tests have a positive outcome, we can deliver five Tiger this year. "

Tensions around the tanker contract

Regarding the close battle opposing EADS Boeing to provide tanker aircraft to the U.S. Army, Louis Welsh rising tone. "We receive daily obscure and unfounded accusations of Boeing in the U.S.," says he. The American manufacturer EADS last Tuesday accused of attempting to develop trade relations with Iran and other countries hostile to the United States. Boeing advocates also believe that development aid granted to EADS and Airbus by European governments are illegal. "The growing nervousness Boeing shows that we have a chance to win," Louis Welsh analysis.

On the home front, EADS is not in lack of challenges.Decidedly optimistic, Louis Welsh ensures that the timetable for the A350, the future long-haul Airbus, will be honored with a commercial launch planned for 2013. Furthermore, the production of A380 superjumbo is now "under control". The program will return a profit within five years, says Louis Welsh. But everything will depend on developments in the euro-dollar.

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Lashes on the legs, prohibition of toilet soap, humiliating in public, one thing is sure, those responsible for the Italian call center did not scrimp on ways to boost sales of their anti-vac mite. A method for the less iconoclastic that neither their employees nor the Italian police have clearly enjoyed. After a survey of more than three years, five leaders Italcarone, a company based near Florence, have indeed been arrested by Italian authorities, according to information reported Thursday by La Repubblica. A study that sheds light on how farcical the call center.

The days of hapless employees Italcarone began with a bang, by listening to the solemn national anthem of Italy, hand in hand to instill in workers with more motivation.Their mission was subsequently sold by phone cleaner anti-mite, subtly promoted "anti-mite vacuum electro-medical-surgical. On an actual value of 350 euros, the devices were proposed for 3,500 euros, or through credit, 94 euros per month. But the surest way to put the vacuum was still to be bought by the employees themselves! Therefore, the new recruits were being tricked out of a "guardian", to sell to family and friends of the newcomers. New recruits attracted by the promised amount of premiums in case they reach the goals – which does not occur and the lifestyle of expensive call center managers.

This last point has nothing surprising Italcarone is also accused of conspiracy and tax evasion by the Italian authorities.Sales in black society would amount, according to the Financial Guard, more than 4.5 million euros.

At the opening, the Dow Jones rose 0.10% and the Nasdaq by 0.18%.

Despite an increase in enrollment weekly unemployment and a shrinking numbers of consumer credit, U.S. investors appear to have courage and choose again, these days, for optimism. They show little worried, finally re-emerging doubts about the ability of Greece to honor its debts. Perhaps partly because, unlike the French or German banks, U.S. banks are not exposed directly to the crisis in Greece.Banks also suspected for 18 of them have, over the last 5 quarters, artificially reduced their debt just before the end of the quarter.

No significant new flag is expected before Monday, except on Friday, figures from U.S. wholesalers' inventories for February, which will be published this afternoon at around 16H00.

Yesterday, while European stock markets in the green-mountain this morning showed an average decrease of 1% of their stars indices, the Dow Jones closed 0.3% awarded in the S & P 500 also, and the Nasdaq Composite 0.2%. One way to greet the rise, much higher than expected, sales of major U.S. retailers: Index by Thomson Reuters, they rose in March by 9.1% against 6.3% expected, the highest since 2000.Taking advantage of some better weather, 28 distributors have seen their turnover increase by over 9% a year, a further sign of improving consumer confidence. Gap saw its turnover grow by 11% against 3.7% expected and Kohl's, 22.5% against 12.4% expected cash loans Guaranteed approval ". In the luxury, Nordstrom posted sales up +16.8%.

These values should continue to lead the coast on Friday, and Apple, which yesterday announced a new version of its operating system for the iPhone and iPad, and sales 450 000 iPad since Saturday.

Also to follow, the aviation sector, led from the rumors of merger between U.S. Airways companies (+10.7% at closing) and United Airlines (6.8% at closing), Thursday, at the New York Stock Exchange.UAL (6.75% to 20.23 dollars), parent of United Airlines, is in talks with U.S. Airways (10.70% to 7.55 dollars) for a combination that would create the One of the largest airlines in the world, according to The New York Times and the Wall Street Journal. This operation would be carried out no exchange of shares.

China's ambitions to Tiffany, who wants to spend ten to thirty five the number of stores across the Rising Sun could give impetus to the value.

The California oil company Chevron (0.37% to 77.66 dollars a barrel) announced yesterday the results on the first quarter of 2010 as the fourth best in 2009. The group takes advantage of the rising oil prices and a possible improvement in its refining margins.The major U.S. must publish its accounts on April 30.

In the pharmacy, the distributor McKesson Corp. said it will sell its Asia Pacific unit, which provides health services through telephone and Internet, Medibank Private Limited. Giant Australian health services and insurance.

As he finished 2009 with growth of 6% while it had begun with a fall of 14.5% in the first quarter, Turkey began a spectacular end to the crisis that has been entered in the recession a year ago. For 2010, the IMF puts growth in Turkish head of those emerging countries.

It has these good results and promising of these forecasts, the Turkish prime minister's visit to France, boast of the advantages of its economy. Over two hundred French entrepreneurs must meet Recep Tayyip Erdogan Medef Wednesday afternoon.

France is the second largest foreign investor in Turkey, with 593 million euros invested in 2009, while Renault has traditionally absorbs about a quarter. All the major French companies now rely on the potential of the 17th world economy.Leroy Merlin opened last week its first store in Bursa, a city in the West, Alcatel has opened a research and development center in Istanbul in March, Accor already has eight hotels and Axa is the first insurance company .

The weak link of the French presence remains that of SMEs. Only 40% of the 325 French companies are SMEs, disability compared to the Germans or Italians. However, "intensive trade between the chambers of commerce and regional partnerships are being put in place," says Raphael Esposito, director of the French Chamber of Commerce in Turkey Guaranteed payday loans.The environment sector looks particularly promising: the investment required for compliance with European standards is estimated at 70 billion euros in the next decade.

GDF ranks in Istanbul

Last year, bilateral trade totaled nearly 10 billion euros – the goal is to reach 15 billion euros in 2012 – and France became the 6th supplier of Turkey and its second largest client. "The sales volume has risen despite the crisis, welcomed a Turkish businessman T?siad member of the influential business association. Tensions are benefits and political tensions between the two countries save us. " In 2006, a bill to criminalize denial of Armenian genocide triggered a boycott of hexagonal Turkey.Paris's opposition to its entry into the European Union is still felt in the public tenders. Gaz de France is in line for the privatization of gas distribution network of Istanbul. But it is the Koreans who have signed a preliminary agreement in March to build the first nuclear power plant in Turkey.

Finally, the Franco-Turkish partnership in third countries represent a new avenue of cooperation. The French can benefit from the settlement of Turks in the Middle East and Central Asia and the Turks take advantage of the French presence in North Africa.