The Paris markets do not take risks on Monday. The CAC 40 thus begins the day on a small drop of 0.19% to 4054.32 points. At mid-session, the Paris index was down 0.67% at 4034.68 points. A trend that has persisted until the end because at 17:30, the CAC shows a shrinkage of 0.57% to 4038.70 points.
In Paris as elsewhere, investors are trying to make a first point on the Japanese situation, one month to the day after the disaster that has ravaged the north-east. Reassuring news fell on the nuclear situation: According to government spokesman Yukio Edano, "the risk that the situation at the nuclear power is deteriorating and it leads to a new major radiation leak was significantly reduced. " In Asia this morning, markets have however not given clear signals.
Side indicator, the day promises to be especially quiet since no statistics are expected. Only INSEE announced before trading up 0.4% of French industrial production in February, after rising 0.7% in January.
The rest of the week will be loaded with particular current accounts in France and the German ZEW index Tuesday, the Fed's Beige Book on Wednesday, the weekly jobless claims in the U.S. on Thursday and the index of U.S. consumer sentiment Friday.
Markets await especially forward to the start of the dance publications of quarterly results in the United States. As usual, Alcoa will begin the festivities this evening.
As for currencies, the euro appears small drop, to 1.4453 dollar. Same thing for oil, hit by profit taking after sharp gains last week.Oil prices retreated Monday in the opening in New York, a barrel of benchmark yielding 62 cents to 112.17 dollars, as investors pocketed some profits while waiting to see if the possibility of a cease-fire became a reality in Libya.
EDF and its subsidiary EDF EN fly
Renault: -2.21% to 39.98 euros
The board of directors of the group will try Monday to see more clearly in the wrong spying scandal at a special meeting and will try to establish the responsibilities of everyone in this fiasco. The group planned to communqiuer after closing. According to Reuters, Patrick Pelata, number two in the group had resigned and this time his resignation was accepted by Carlos Ghosn.
EDF: 1.99% to 27.92 euros, EDF Energies Nouvelles: 9 guaranteed payday loan.74% to 40.21 euros
The listing of both Kingbird, who was suspended Friday after the announcement of a takeover offer from EDF on the 50% stake in its subsidiary EDF EN it does not already own, resumed today with a bang.
EDF also requested that the EPR reactor being built at Flamanville is considered "priority" as part of the audit of nuclear safety in France, said the Nuclear Safety Authority.
United States, the commission (NRC) has denied Unistar, owned by EDF, a license to build a new reactor at Calvert Cliffs Nuclear Power Plant.
Saffron: -1.75% to 23.59 euros
The Central Directorate of Internal Intelligence (DCRI) investigation on suspicion of spying for Turbomeca, a subsidiary of Safran including computer networks have been "looted" for several months.
NYSE Euronext: -1.64% to 26.31 euros
The board of directors of the transatlantic exchange operator yesterday rejected unanimously the offer of participation of $ 11.3 billion made by Nasdaq, coupled with Intercontinental Exchange (ICE).
Crossroads:: 31.72 EUR -0.28%
The walkouts on Saturday in favor of wage increases were a success according to the unions, who speak highly mobilized. The strike rate ranged from 30 to 85%.Negotiations will resume Wednesday.
Sanofi-Aventis: 1.04% to 51.27 euros
The group said Friday night that completed the acquisition of Genzyme after the reopening of its bid and said the U.S. biotech is now a subsidiary that holds all.
Total: -0.34% to 43 euros, GDF Suez: -0.33% to 27.33 euros
The French government has decided to ban the exploitation of shale gas and the repeal of licenses already granted.
Areva – 0.50% to 31 euros
The group bought for 1.62 billion euros from Siemens in the joint venture Areva NP, paving the way for a merger between Siemens and the Russian Rosatom, said on Sunday the German newspaper Die Welt.
Note that the bank respond well to the changing situation in Portugal and the ads on Friday on the European stress test.Societe Generale (-1.32% to 47.22 euros), BNP Paribas (-1.08% to 54.11 euros), Credit Agricole (- 0.67% to 11.78 euros) and Natixis (-0 , 63% to 4.13 euros) are in green.
Renault could have done this possible controversy. But a few weeks after pleading guilty to wrongfully dismissed three executives accused of espionage and one year after the turmoil created by the case of the Clio – it planned to relocate to Turkey – the manufacturer must again be accountable.
The group decided to entrust the production of two new engines to its sites in Romania and Spain, he said Friday. The H4 (3 cylinders) and H5 (4 cylinders) are respectively made from 2013 on the site Dacia Pitesti, specialist low cost, and Valladolid (2012). The announcement had been made in these two countries, but Renault had kept the trumpet in France.
This decision could affect the French mechanics Douvrin in the North.The plant, owned jointly by PSA Peugeot Citroen and Renault, the engine produces D4, a less powerful 4-cylinder (60 to 80 horses, 90 horses cons for the H4 and H5 for 115 horsepower). The motor assembly D4 employs 450 people, about 3450. The downturn could cost more than 200 jobs, said the CGT. These positions will not be replaced by the manufacture of cylinder heads and camshafts for the new engines, which could employ 40 people, said the union.
In response, the group has indicated its commitment not to make any plans for layoffs or voluntary redundancy as part of its new strategic plan. But unions fear that retirement will not be replaced.
Lower volumes
"It relocates slowly, even if management tries to minimize," sighs Alain Labarre, CGT Douvrin.The group, however, rejects these accusations payday loan lenders. "The H4 and H5 are required to take the place of older models that were almost similar already made in Turkey, Spain and Romania," said a spokesman, adding that such engines "are not competitors D4 Douvrin made. This engine, fitted to small cars like the Twingo and the Clio (as will the H4) and low-cost models, will be "produced in parallel in the coming years," because "it can offer rates aggressive. "
In late January, Philippe De Coene, director of the French mechanics, however, said that the arrival of a small 3-cylinder would "intervene in the market" of 4-cylinder engine manufactured in Douai, as mentioned by Liberation. He said the volume of the D4 engine "will tend to decline," even if "we will not stop producing it in 2013 and he did not" concern "for the job.He added that he "fought to get another engine family."
In 2010, Renault has made 29% of its engines in France, against 85% for PSA. Renault says it will carry, however 40% of its investment in France by 2013. Engine side, the group said it will produce R9M, a 130 horsepower diesel for the Megane to Cleon, Seine-Maritime. A factory will also manufacture electric motors in 2013.
While the new European standards will make diesel engines more expensive gasoline engines of new generation have a bright future ahead of them. H4 and H5 models, which will reduce CO2 emissions by 30 to 40 grams per kilometer, would represent 85% of the volume of gasoline engines for Renault in 2015.
The NYSE, returned to its levels before the earthquake in Japan after braving geopolitical tensions in the Middle East, nuclear crisis in Fukushima and threats to the eurozone, catch your breath. Very hesitant start, the indices have flirted with the balance throughout the session before finally closing down very slightly. The Dow Jones loose and 0.19% at 12,201 points, the Nasdaq lost 0.45% to 2731 points and the S & P coward 0.27% at 1310 points.
Yet, on the side of macroeconomic indicators, the positive news were chained:
– Household consumption has increased slightly more than expected in February, as consumers tapped into their savings while inflation accelerated at an unprecedented pace since June 2009, official data showed on Monday.According to the U.S. Commerce Department, spending rose 0.7% after rising 0.3% in January (revised from 0.2%).
– The promise of home sales rose against all odds over the month of February, according to data released Monday by the National Association of developers. One month to another, this increase amounts to 2.1%, while analysts expected a decline of 1% after falling 2.8% in January.
Employment at the rendezvous
But the caution was then that the main highlight of the week is expected Friday with the monthly figures of employment in the United States. These numbers will give "a fairly complete what happened in March for consumer spending, industry and economy, and give a good idea of the performance of the economy in the first quarter" , say the experts Hugh Johnson Advisors.The market expects the new posts at the same level as last month, around 190,000.
On the currency markets, the euro retreated against the dollar on Monday, suffering still concerns on the eurozone, while the dollar remained supported by comments from U.S. Federal Reserve (Fed) on a possible next policy normalization U.S. monetary. At closing, the euro stood at 1.4090 dollars against 1.4081 on Friday.
Time to "window dressing"
The side of values this week, while the month of March ends investors should conduct operations offs quarter-end or "window dressing". A system that is to buy at end of period shares that are doing well to present a portfolio more attractive to future investors.The values of energy, which, buoyed by rising oil prices gained 14% since the beginning of the quarter according to the S & P sector, the compartment is the most powerful moment for the first quarter. Marathon Oil is up 40% so far this quarter. El Paso 31% and 30% of Valero Energy, Chevron 17%. The latter is the value of Dow Jones, which displays the largest increase since January 1. Behind the energy sector, industrial arrive, up about 6%, consumer specialist, up 4% and technology (+3%). The second value is the best performing Dow Jones Caterpillar, up 16.5%.
Always on the side of values, an eBay (-4.29% to 30.34 dollars) has announced its intention to acquire GSI Commerce, a provider of marketing services for e-commerce. The transaction represents approximately $ 2.4 billion.
This weekend, AMR Corp. (2.62% to 6.67 dollars) could decide to split its American Eagle regional airline in May, according to information compiled by Bloomberg from the pilots' union.
The International Trade Commission (ITC) has rejected Nokia (4.67% to 8.74 million), accusing Apple (-0.31% to 350.44 euros) for having violated several of its patents.
Ford (-1% to U.S. $ 14.86) announced a cessation of production of five days at its plant in Genk, Belgium from April 4, following supply problems caused by the earthquake in Japan.
Netflix (3.18% to 237.32 U.S. dollars) have entered into a distribution agreement for a period of five years with the studio Miramax, for a total of more than $ 100 million (Reuters).
Greenstone, the branch of pharmaceutical giant Pfizer (-0.39% to 20.27 dollars) has recalled two drugs in the United States, and citalopram finasteride following a labeling error on the part of a supplier.
Research In Motion (-1.56% to $ 56) announced the acquisition of Canadian tinyHippos startup, mainly known for Ripple, its development platform and test mobile applications. The terms of the transaction were not disclosed.
Wal-Mart (-0.31% to 52.19 dollars) has announced the reopening of 12 Seiyu stores in the region of Sendai, Japan.
All experts agree that this March is decisive for the euro area. So decisive that Moody's has seen fit to deliver a blow pressure on European countries, on the eve of an important EU summit, degrading the Spanish debt rating. And a few days after he had done the same with Greece.For Nicolas Veron, an economist at Bruegel European Think Tank, "Moody's does that reflect the current consensus in the markets where heads of state should quickly agree on measures to better cope with the debt crisis .
"The rating agencies want to dictate their law to Europe"
So that is precisely what Europe is about to finalize Friday, the rating agency would not she putting in new fuel to the fire? Or diagnose it a lack of enthusiasm on the part of European countries to find a consensus? Philippe Dessertine, director of the Institute of High Finance in Paris X, the rating agencies want to dictate their law to European countries. "The rating agencies are in control of their schedule," he says.Once an agency has information that allows it to ascribe with certainty a note, it must do, otherwise nobody would trust him. "
Singled out in 2010 for European countries heavily degraded and often unintentionally, the rating agencies do not fail to raise anew the questions and even criticism. The most virulent from countries concerned. In a letter to EU leaders, the Greek Finance Minister George Papaconstantinou calls for action "urgent" against these agencies to "self-fulfilling prophecies."The last degradation of Greece is more indicative of the distorted incentives of the agencies, and the fact that we do not ask them to account, that the actual situation of Greece," he adds.
Rating: "Having a better regulated environment"
Like last year, Moody's will therefore triggered the hostilities before that European countries will gather. Why did she not wait for the outcome of lce EU summit and in the case of Spain, the diagnosis provided by the Bank of Spain on the health of the banking sector? And especially since it is rather positive. As the government anticipated, Spanish banks would need 15 billion euros and not 50 billion as assessed financial markets. The Spanish Minister of Economy Elena Salgado said his "differences" with Moody's."Our decisions take into account four criteria: the strength of the economy, institutional stability, sound public finances and the likelihood of a risk" of default, Moody's defends itself from the AFP.
Anyway, this new controversy revived the issue of reforming rating agencies. And that's good, Brussels intends to offer "before the end of summer" reforms "core" on the regulation of rating agencies. "The Last Days are once again highlight the importance of having a better and more controlled environment for ratings," stressed the EU Commissioner for Economic Affairs, Olli Rehn, and one charge of financial services, Michel Barnier Thursday in a joint statement.He concluded: "It is clear that the objectives of the reforms will be to put some diversity in this highly concentrated industry, reduce the excessive reliance on notes, to improve the rating of sovereign debt, resolve conflicts interest '.
Otherwise, in addition to the thorny issue of soaring oil prices, Europe will have to address as soon as possible that the debt crisis is far from closed. Contrary to the good performance of financial markets in January and February suggest.
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Is this a sign that the recovery takes hold in the U.S.? After several months considered disappointing, the U.S. economy created 192,000 jobs in February, according to figures from the Labor Department. Economists were expecting 180,000 new jobs, according to Reuters. While the public sector has destroyed 30,000 jobs, the private sector has created 222,000.
More good news, the figures for December and January were revised up sharply, from 121,000 to 152,000 in December and 36,000 to 63,000 in January. On the other hand, the unemployment rate fell to 8.9% in February against 9% in January, while economists expected a rise to 9.1%.
"This publication, with the acceleration in job creation is very good news," says Inna Mufteeva, economist at Natixis freecreditscore."The slowdown in temporary employment (16,000) is also reassuring, companies probably starting to hire more stable through contracts."
In detail, these are the construction industry who have contributed to the upturn in employment, with 33,000 net new jobs each, respectively, after a fall of 22,000 jobs in the first sector and a modest gain of 9,000 in the second. Services remained dynamic (47,000).
Finally, the number of unemployed "discouraged", who have given up looking for work, fell 184,000 in one year. But it remains at a high level (1 million).
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After weeks of silence, the Servier Laboratory out of the wood on Sunday, speaking through its Executive Director, Lucy Vincent, who spoke in the Journal du Dimanche.If the manager insists, in the tradition of his boss Jacques Servier, the figures given by the latest study – of 500 to 2,000 dead are estimates and extrapolations, not "confirmed cases" of death after taking the Mediator medication for the first time, leaders from Servier admit – or rather "does not deny – that the treatment was able to" present a real risk for some patients. "
Thus, the figure "shocking" deaths of three advanced during the presentation of the wishes of Jacques Servier last Tuesday was not contested by Lucy Vincent, even though she believes that "if the Mediator has killed three people, c is already too much. "
The report confirmed that the risks Servier
A study by a cardiologist for the Servier Laboratory in 2009 showed a clear link between taking Mediator and heart disease.What Lucy Vincent said that "accountability (to be presented to the Mediator excess risk of developing valvulopathy, Ed) seems likely.
Despite this linkage, Servier has tried to keep this product on the market Afssaps (French Health Authority), Lucy Vincent arguing that "it was natural to ask the question of the benefit-risk knowing that the Mediator was the only drug that can treat some diabetics. The Authority nevertheless considered that the "risk-benefit" was "inadequate". This marked the end of the marketing of the media in November 2009 when he was put on the market in 1976 and 145 million boxes were sold.A decision that "we (the Servier Laboratory, Ed) were never challenged," the director notes in the JDD.
The Mediator as an appetite suppressant
Except that, in addition to case-diabetic diabetologists uses almost the most Mediator since 1998, when he was no longer classified as "top the treatment of diabetes – the Mediator was mainly prescribed as an appetite suppressant by doctors Lucy Vincent up as guilty of misuse: "His only evidence has been diabetes," she quips payday loans.
Asked by lefigaro.fr an obesity expert based in Paris, which he has "never prescribed this drug," says the Mediator did lose a few pounds by eliminating sugar. "It was a psychotropic drug, which acted on the psychological state. Isomeride was the encore, he adds.The Isomeride was another drug amphetamine derivative produced by Servier, withdrawn from sale worldwide in 1997.
Moreover, since 1998, three doctors of the Social Security warned against the indiscriminate use of the Mediator, a product of amphetamine structure then used in a "completely free" for purposes anorectic "while the drug group of amphetamine is strictly controlled since May 1995. "
Blame the weather
"That does not justify it special monitoring" of Mediator, and engages the JDD? This has been done, "retorted Lucy Vincent, with the investigation launched in 1998 Afssaps, which supported his research on the relationship between the Mediator and pulmonary arterial hypertension, yet without dwelling on the valvular . This was done much later, in 2009."We made eye opener in and as soon as possible based on information available to us when they appeared," she says. Thus, Lucy Vincent presents the fault at the time: "Science is moving slowly."
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Xavier Bertrand wants to go fast. He intends, as he promised when taking office at the Ministry of Labour in mid-November, implement all the tools that exist to reduce unemployment in a sustainable manner. He reiterated this weekend in an interview with Sunday newspaper, youth employment is a priority.
"I will review the trade unions and employers before the end of the year, proposals should emerge in early 2011, with new tools and targets," he says. It also welcomes "the social partners' wish to move quickly and (…) lead on youth employment by the end of the first quarter."
Valuing
There is however one caveat: if it finds that "it's a good thing" that trade unions and employers' wish to discuss among themselves the issue of internships or any mobilization of the 1% housing they manage, "he considers that "there are other issues to be addressed" and that "our dual system can be improved in several respects."
"About 7% of young people this type of training and they lead to sustainable employment for a vast majority of them. In Germany they are 17%.I would exceed the 10%, which corresponds to 800,000 more young people, "said the minister.
Among the "many lines of inquiry" that he wants to share with the trade unions and employers on the alternation, the Minister cited the "status" of the apprentice that "must be more rewarding and give it access to rights similar to students in higher education. "
And to increase the number of young companies in alternating, Xavier Bertrand believes that "if sanctions and incentives go hand in hand, we get better results." "Is it fair that a company, including a major undertaking which employs no employees alternately pays the same penalty as that made an effort without reaching the quota? Is it normal that our system of taxation on the subject based only on the sentence? "Asks he.
(With AFP)
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While the station is trying to forget the idea laquelleles train tickets are expensive and reserved for wealthy clients, the Secretary of State for Transport, Thierry Mariani, has said on Europe 1 this Saturday, in favor of increasing ticket prices.
The secretary of state spoke up "quite reasonable" that would take account of inflation and would maintain some rail lines. "I support a balanced position where the user pays according to inflation , an increase entirely reasonable, "he said.
State railways alarming
This increase would occur in parallel with an increase in tolls, which are fees paid by companies to get their trains.
"Do not raise tolls this means that the taxpayer would subsidize (by itself, ie) maintenance, rail lines," said Thierry Mariani. Réseau Ferré de France (RFF), the public manager of the French railways, this week launched a cry of alarm about the situation of French railways, which could partly be dropped for lack of money for their maintenance.
Maintenance cost uninsured
According to RFF, much of the network is threatened with obsolescence in the longer term."The funding for the renewal of the network is not assured in the long term, including one used by the TGV, was worried Alain Sauvant, director of strategy RFF.
While the "full cost" of the rail network, including track maintenance and renewal when they are just too worn-is estimated at about 6.5 billion euros per year, revenues covered only 83 RFF % of this amount.
(With AFP)
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Back in Exchange for General Motors succeeded! Three weeks after AIA and its more than 20.51 billion dollars raised in Hong Kong, General Motors announced that its IPO, expected Thursday, will be the largest in U.S. history. And even the world if the over-allotment option is exercised. At the opening of the New York Stock Exchange, the action jumps from 6.82% to 35.25 dollars.
The American manufacturer will offer to sell 478 million shares (against 365 million previously proposed at a price between 26 and 29 dollars), at a price of 33 dollars.Total supply will be $ 20.1 billion or 23.1 billion dollars if the over-allotment option, that is to say, any emissions of additional shares in the event of high demand, are fully exercised , says he.
That General Motors will do better than Visa in 2008, had raised $ 19.7 billion, including over-allotment option. "Raising prices is a sign of a vote of confidence in the company and the action they propose," said Michelle Krebs, an analyst Edmunds.Com.
Unbelievable but true … On the one hand, candidates who have all the trouble to find a job in a market where unemployment is still rife. On the other, companies that fail to find the right profiles for posts yet attractive. The mismatch between supply and demand is in full swing! In a sense, this is good news, notes Hugh Pariot, owner of recruitment firm Expectra just prepare a guide of those trades so-called "tension" (1).
"For two years we only talking about terminations. The identification of occupations under pressure proves that we are moving toward a resumption of the employment market, "he says. Developed to help companies attract these "key people", this guide lists no fewer than 19 profiles.It is not exhaustive but can understand why some skills are missing.
New requirements
First there is the needs arising from the crisis, related to risk management. This is the case of the lawyer in a company – 51% of deals between June 2009 and June 2010 – or even the industrial buyer, which plays a vital role in optimizing costs. A job for which an 'ideal' profile is that of a general engineer with additional training in procurement, usually in business school. Rather rare. And to cap it all, businesses want experienced … With the lessons learned from the crisis, "credit managers, responsible for managing financial risks, are also being wooed."Especially in SMEs, thereby avoiding the use of corporate risk analysis," says Hugh Pariot no fax pay day loan.
Technological changes have created new needs. The "community manager", which aims to create a buzz around a brand, gives pride to young graduates, keen on social networks and trained on the job. The "ICT project manager" is also part of the profiles found. Responsible for conducting an IT project, it is both technician, manager and good communicator. Profile: 37 years + 5 tray, twelve years of experience …
Hugh Pariot explains the posture of firms. "With little visibility into the recovery, they try to clone the current employees." By requesting such an IT expert to have interpersonal skills, "while their job is more technical."Or by requiring an engineer R & D that is specialized in aviation, "then came a profile of the car is perfectly adaptable. In response, the conclusion of the Director of Expectra is simple: "Companies must be willing to take risks, to train new recruits and to assess potential candidates, rather than focusing on skills. As for candidates, their aspirations will not be a surprise for recruiters: they want better missions and attractive salary …
(1) Survey conducted among 7000 professionals.
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