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.

Competing with Facebook, which has 500 million active members, is more complicated for the historical actors of the Web. The Internet giants are addressing one of the pillars of its success, the online gaming community oriented, "Social gaming", which Farmville is the most important representative. First application on Facebook with over 59.6 million active players per month on the famous social network (and 230 million total), Farmville is published by Zynga, a U.S. start-up founded in 2007. In recent weeks, the latter fuels the greed of major Internet groups.

At the end of last week, the Japanese telecoms group Softbank and formalized an investment of 150 million dollars in Zynga.It is accompanied by the creation of Zynga Japan as a joint venture, whose aim is to convert users of the Archipelago to the "social gaming" while Zynga benefit from the expertise of his partner in Nippon mobile Internet , Eldorado for future online services. Masayoshi Son, Softbank's CEO, welcomed the collaboration point of departure for the creation of "a gigantic social gaming in Japan.

The announcement comes shortly after the official unveiling by the blog Techcrunch specialist, an investment of Google in the same start-up to an amount between 100 and 200 million dollars. At half-word, the Google CEO Eric Schmidt has confirmed this agreement in an interview with the Wall Street Journal. "We have not announced, but you can expect to partner with Zynga," he said.This will be crucial for launching the Google Games, a social network based online game giant online search would be developing. In addition to these equity investments, Zynga has signed agreements with editorials Facebook and Yahoo! Last May by which its games are broadcast to a wide audience.

Valued at 4.5 billion

Selling virtual goods in its games, Zynga have generated 350 million dollars since the beginning of the year, with half operating profit. In 2011, its revenues could reach one billion dollars.Another indicator of investor confidence: Zynga has surpassed the 100 million players in just two and a half years, when it took four and a half years to Facebook to pass this course.

Start-up of more than 600 employees, Zynga announced so far have raised $ 219 million in four rounds. Its first fund in February 2008, amounted to 10 million dollars. Zynga then publishes the poker game Texas Hold'em on Facebook. In July 2008, another round table that will raise 29 million dollars. Zynga is beginning to diversify its offer and in April 2009, is the leading application on Facebook with 40 million active users. Launched in June of that year becomes Farmville August 2009 the first game on Facebook to cross the milestone of 10 million players.Finally, last December, the Russian fund Digital Sky Technologies, also a shareholder of Facebook, participating in a new fundraiser, Tiger Global, Institutional Venture Partners and Andreessen Horowitz, for a total of 180 million dollars. With today an investment of over $ 520 million, valuing Zynga have reached 4.5 billion dollars.

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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 Indians had the Nano, the cheapest car in the world. The students in the country, they are in primary school or university, may affect next year shelf fourteen times less expensive than Apple iPad. Thursday, Minister of Human Resources and Development, Kapil Sibal, presented a prototype computer only 35 dollars (27 euros). "This is part of a national initiative to advance education," said the minister, warning that "the solutions for tomorrow will come from India."

The announced $ 35 nonetheless remains entirely at the cost of the final product, but at the cost of all its parts. What remains still far from the $ 235 materials included in the first iPad, according to estimates from iSuppli. To reach this amount, the Indian teams have bet on free software and a more conventional design.The Indian touch pad will have 2 GB of memory, Wi-Fi and USB ports. It will have video conferencing capabilities, will be able to read most common office formats, PDFs and video, and of course surf the Internet. An optional solar charging was also discussed. In parallel, broadband will be installed in all the 22,000 Indian colleges.

"Our response to the computer to $ 100"

With this initiative, the Indian government seeks to empower the world's most modern educational No checking account payday advance. The literacy rate in the country remains 63% below those of other developing countries. But the achievement also sounds like a technological challenge launched in the United States.The Indian shelf was designed by a group of academics, after that IT groups have shown little enthusiasm for such a project. "This is our response to the $ 100 computer at MIT (Massachusetts Institute of Technology), launched by the Minister Kapil Sibal said, referring to the U.S. initiative" One Laptop per Child ", whose price has finally doubled because of difficulties of large-scale production.

With this initiative, India does not want to experience the same disappointments. Kapil Sibal assures that the tablet is already "real and tangible. India is currently negotiating with several subcontractors to begin mass production. One million computers should be produced during the first phase of launch. The deployment will begin in the universities, before being extended to primary and secondary.The government could finance the purchase of computers by 50%. Ultimately, the goal is to reduce the cost only ten dollars.

The video presentation of the tablet:

Yoplait whets the appetite. The investment fund PAI Partners, the owner since June 2002 half of the capital, examines three hypotheses for the future of the world's second largest fresh dairy products, which reported last year a turnover of 891 million euros and an operating profit of 120 million. With virtually no debt, Yoplait is valued 1.3 billion euros. With several investment banks, PAI is considering a recapitalization of Yoplait, for acquisitions and a divestiture of its stake. No decision has yet been taken at this stage, given the complexity of the case.

Sodiaal launched the Yoplait brand in 1965. In 2002, the dairy cooperative (Candia, Rich Mountain), through a serious crisis, had to sell 50% stake in its branch yoghurts and PAI commit to leave the choice of leaders. Today in better health, she would regain control.Not sure it is able to spend as much cash as the only means of payment accepted by PAI. Especially as it finalizes the acquisition of Entremont. "The conditions for resumption Entremont n'obéreront not our ability to maneuver on Yoplait, Le Figaro said in February its director general, Claude Sendowski. Sodiaal has the clear desire not to leave the ultra-fresh. "

Although the maintenance of capital Sodiaal Yoplait seems acquired its takeover is not. Therefore, the output of PAI can be done if Sodiaal agrees to let his future co-shareholder control of management of Yoplait, owned by PAI contract. The investment funds and Sodiall long-standing opposition to a crucial point: IBP transfer this control along with its 50%? "The purchaser will have management control, said a potential buyer.No one will pay a high price for simply looking out the window. If this had been resolved, the assignment would be curly for two years … "

Lactalis ambush

To break the impasse, he would have agreed to cede Sodiaal stake in Yoplait. Lactalis cheese group (President, Galbani) has formed a joint venture with Nestle yoghurts, has never hidden his interest in the brand. Funds, Permira and BC Partners as it prepares the sale of Picard might be interested. The U.S. company General Mills, the largest franchisee of Yoplait for thirty years, would look into the matter. Yoplait has developed both through subsidiaries and franchise agreements. "Yoplait is the largest in the United States in France," says one at General Mills.

Pending a change in the capital, PAI and Sodiaal could agree on other tracks.Yoplait, which completed its debt, could start to borrow to buy back a portion of its capital. The company considers a prey, could also become predatory, and engage in acquisitions, for example by acquiring franchisees in emerging countries. In March 2009, Yoplait has repurchased 68.6 million shares of EUR (49%) of British Dairy Crest, in their joint venture founded in 1991, which sells in Britain and Yop Little tricksters.

A year after its introduction, the majority and the government seem divided on VAT at 5.5% in restaurants. To reduce the government deficit, Budget Minister Francois Baroin, this plane would "very, very large niche for tax, estimated at 3 billion euros Bercy. Its minister, Christine Lagarde, has cropped Tuesday morning: the reduced rate of VAT "is legitimate on the merits.

But the revolt against the old promise of Jacques Chirac, applied from 1 July 2009 thanks to the activism of Nicolas Sarkozy, also scolded the Assembly. Without naming the VAT on food, the general rapporteur for the Budget, Gilles Carrez (UMP), has questioned "a number of consumer items that are 5.5% and that should not be at 5.5 %. He advocates instead an intermediate rate to 12%.

Since the introduction of the measure for the restoration, the context is not the same.The government, which has hitherto led a recovery policy, had to change tack in recent months under pressure from the markets. It is now to reduce the deficit. Especially in the planing tax loopholes.

Nevertheless, the statements and Gilles Carrez Baroin were poorly received by restaurants. "It's absolutely outrageous to say that the 5.5% VAT tax is a niche!" Reacts Philippe Villalon, president of the National Federation of the restoration (FNRF). "We buy our products and we sell 5,5% to 5.5%. As is the case for all areas of the mouth.Moreover, if we repeat the policies they want to end VAT at 5.5%, we should not translate that we lower our prices, nor that we hired, as the state would break its part of contract. "

During the implementation of the measure, the restorers had promised to lower prices, to invest and hire. These commitments, which would take over in case of cancellation of VAT at 5.5%, would have been more or less respected. The Court of Auditors estimated last October that the measure would involve only 6,000 new jobs. The profession claims to the contrary today promised 21,700 against 20,000 a year.

The New York Stock Exchange closed higher Friday the Dow Jones gained 0.64% and the Nasdaq 0.42%.

On the foreign exchange market, the euro rebounded on Friday against the greenback after falling the day before to its lowest level since April 30, 2009, sealed by the revaluation of the Greek public deficit and the deteriorating Greece's financial rating by Moody's. The euro is worth 1.3370 dollars (1.11%).

On the front macro?nomique, the Commerce Department reported a decline of 1.3% of controls after a revised 1.1% growth for February. Analysts polled by Reuters had forecast an average increase of 0.3% in March after the 0.9% originally announced for February.

Sales of new homes rebounded strongly, more so than expected in March in the U.S., reaching their highest level in eight months in volume, buyers seeking to take advantage of tax benefits offered to them . According to figures released by the Commerce Department, sales rose 26.9%, its fastest pace since April 1963, at 411,000 units annually against 324,000 in February, ending four straight months of declines.

These encouraging figures on the macroeconomic level have overshadowed any doubts that still grasped investors launched after the formal request by Greece for financial support to the European Union and the International Monetary Fund to cope with its huge budget deficit.

Salvo results

On the side of values, many companies have announced their quarterly after the close of Wall Street.

This is particularly the case of software giant Microsoft (-1.37% to 30.96 U.S. dollars) which has reported net earnings up 35% to over $ 4 billion for the third fiscal quarter offset a result slightly above expectations as its sales.Revenues increased 6% to 14.50 billion, driven notably by strong sales of the new operating system Windows 7, released in late October, which is a "growth engine".

Also note the numbers of chemist Eastman Chemical (5.96% to 71.12 dollars). The company announced $ 101 million profit in the first three months of the year against $ 2 million last year. Its turnover rose 39% to 1.56 billion dollars against 1.38 billion expected by the market.

The eagerly awaited American Express (2.74% to 48.05 dollars) has announced a profit of 885 million, nearly doubled in the first quarter. Net revenue, after interest expense, was also above expectations.It is 6.61 billion (+11%).

In the same area, the group specializes in credit cards Capital One (2.59% to 46.73 U.S. dollars) has announced a profit of 636.6 million dollars, against a loss of 172.3 million the year last. As for Amex, the results improved significantly thanks to a significant decline in credit provision.

In the technology sector, Amazon.com (-4.30% to 143.63 U.S. dollars) has announced a profit of 299 million (+68%) for a turnover up 46% to 7.13 billion dollars. Gross margin climbed to 5.5% against 5% last year. A note sales on the U.S. are up 22% to $ 1.6 billion.

The 2009 results of Fleury Michon contrast with those of 2008. Net income of leading French charcuterie is apparent at 14.8 million euros at end December 2009, when it reached 5.4 million euros last year. Its turnover amounted to 532 million euros, up 5.9% compared to last year.

Fleury Michon is pleased to have regained its level of net margin earned during the years 2006 and 2007.

Good sales performance, combined with tight control of production costs and operational improvement of its Canadian subsidiary, "allowed the group to record levels of profitability in line with the targets previously communicated."Operating profit was 26 million euros, against 15.3 million a year earlier.

"It will be proposed at the general meeting on May 20 under the year 2009 a dividend of 91 cents per share, the company said no teletrack payday loan.

The year 2010 seems to confirm the improvement of the company's business, as revenues in the first quarter were up 11.5% to 137.6 million euros, compared to the first three months of 2009.

On Tuesday, the shares closed at Fleury Michon equilibrium in a market down 0.5%. At 38 euros all round, actions cotent 11.1% above its level at the beginning of the year.For the record, the stock price of Fleury Michon had reached its lowest level in late April 2009 it had fallen to 21.5 euros.

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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.

The CAC 40 ended on profit-taking Wednesday night at the end of March, and has gleaned 1% since 1 January of the year, the benchmark index of Paris will start the month of April by increase comfort, from 1.17% to 4020.44 points, passing over the helm of the 4,000 points in early trade.

The index is torn between Wall Street was disappointed Wednesday by job losses in the U.S. and Asia, which is displayed at the Green on Thursday morning (the Nikkei is at a high of 18 months and closed up 1.39% at 11,244 points).

On Thursday, France, today's figures are mainly in the automotive market in March quarter 2010 and first published by the Committee of French Automobile (CCFA). The market has been strong in March.

In Euro Zone, the manufacturing PMI will be scrutinized closely.

While in the United States, the weekly claims for unemployment benefits will help interpret the figures published yesterday on the job. The ISM index of manufacturing activity in March will be highlighted in 16 hours and is always carefully considered by investors. At the same time, construction costs for the month of February will be unveiled.

Sperian flies more than 15%

The Minister of Economy Christine Lagarde was heard on Wednesday with his German counterpart on financial regulation, to tax the banks. Berlin wants to impose this tax at EU level and internationally, with the support of Paris. In Germany, such a tax would yield 1 to 1.2 billion euros per year.

Another area for this Thursday, the wind, while the industrial expressed interest in energy.A report conducted by Capgemini Consulting, presented on Wednesday, lists 150 companies interested in wind power.

Technip (3.04%, to 62.03 euros) announced Thursday it had won two contracts in India for "engineering, procurement, construction and commissioning of a generating unit hydrogen. The two contracts totaling approximately 115 million euros.

Sanofi-Aventis (0.98%, to 55.73 euros) won his fight against the counterfeiting of its generic drug Eloxatin, the United States. "Under the proposed agreement, the manufacturers would stop selling Generic generic oxaliplatin 30 June 2010 and would resume sales as of August 9, 2012 under a licensing agreement," said the pharmaceutical giant.

New episode in the case of U.S. tanker aircraft.The Pentagon announced Thursday that the tender of the U.S. Army will be extended by 60 days, to allow EADS to apply. EADS shares up on Thursday from 1.54% to 15.13 euros.

Outside the CAC 40, the private equity fund Cinven presented yesterday its plan to bid on friendly Sperian (15.38% to 70.05 euros). The offer price is 70 euros (1 euro slip attached). Cinven would start operation by the end of April. Natixis Securities estimates that the news is good.

Later publications, the real estate developer The New Builders (LNC) announced Thursday that he had returned to profitability in 2009 with a net profit of 10.9 million euros against a loss of 45.5 million euros in 2008 , which was the first for fifteen years.The shares give themselves 10.80%, to 7.59 euros.

Information known Wednesday evening said that the listing of the Barri?re group will take place before summer. The IPO process of Groupe Lucien Barriere started.

Manitou will publish Thursday.