After finishing the week on a positive note, U.S. stocks finished Monday on a more cautious note. The Dow Jones gently takes 0.19% to 12,400.03 points at closing, its highest closing level in almost three years. The S & P advance of 0.03% to 1332.86 points. Nasdaq displayed him in negative territory: -0.01% to 2789.19 points.
Macroeconomic side, no major event was expected during this first meeting weekly. Investors took the opportunity to take profits while international events, including Libya. offered no incentive to take risks. Two weeks after the start of the international intervention, the United States has decided to extend their strike on Libyan soil, after a weekend still marked by intense fighting between rebels and supporters of Muammar Gaddafi at the gates of Brega.
Tensions that, coupled with improved labor market in the United States, continue to support the inflation on oil prices. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery ended at 108.47 dollars, up 53 cents from Friday. In London, the Intercontinental Exchange, a barrel of Brent North Sea gained 2.47 dollars to 6:45 p.m. GMT at 121.17 dollars, after having crossed the threshold of $ 120 for the first time since August 22, 2008.
As for currencies, the euro was stable against the dollar Monday after being temporarily mounted to its highest level in five months, as investors anticipate an increase in rates this week the European Central Bank (ECB). At the close in New York, the euro was worth 1.4216 dollars, against 1.4225 Friday around 23 hours.
As for values to follow
Oil giant BP (0.53% to 45.90 dollars) could soon resume its drilling in the deepwater Gulf of Mexico by this summer, according to the Sunday Times on Sunday. Information denied by U.S. authorities.
According to Aurel BGC, the activities of consumer credit from Citigroup (-0.45% to 4.43 dollars) have managed to attract three groups of potential buyers: Blackstone, Carlyle and Brysam Global Partners form the first consortium interested, Clayton Dubilier Onyx & Rice and the second and JC Flowers and Apollo Management on third.
The stock exchange operators Nasdaq OMX (-2.76% to 27.45 dollars) and InterContinental Exchange (-0.71% to 118.90 U.S. dollars) were also under surveillance, after bidding on NYSE-Euronext, already in sight Deutsche Börse.
The French pharmaceutical Sanofi-Aventis announced this morning that it had closed its successful bid for the U.S. biotech Genzyme (+0.39% to 76.31 dollars), after collecting 84.6% of the shares of its target. The offer, ended April 1, however, reopened this morning and for four days (until April 7 to midnight), to allow for latecomers or undecided to give their titles.
Three weeks after closing its only French base, Ryanair back in Marseille. In part. The low-cost airline, which had stopped most of its routes to and arrival from Marseille, and especially his four domiciled elsewhere had previously stationed permanently on the platform low-cost MP2 has announced Tuesday it reopened eleven lines for the summer season: Agadir, Brest, Eindhoven, Fez, Gothenburg, Lille, Marrakech, Nador, Nantes, Palermo and Tangier. One to two aircraft will be parked on the tarmac of Marseilles, from April 14 to September 4.
With 13 lines that had kept the Irish airline will operate are 24 rows from the Provence platform and hopes one million total passengers in 2011, said Michael O'Leary, boss of Ryanair.
The company still continued in France for violating labor laws and was under investigation."Ryanair has closed its base in Marseille in January following the unjustified legal proceedings seeking to require crews of Irish Ryanair to pay taxes and social contributions in France, despite EU regulations that allow members 'Ryanair crew pay taxes and social contributions in Ireland where they were employed, worked and were paid, "said the officer. This has opened legal proceedings before the European courts against the French decree of November 21, 2006 submitting the flight personnel of foreign companies operating in France to French law payday advance online.
A market which has shown its potential
Not to be disturbed again, the company will change each week the crews operating the flights from Marseilles.And aircraft being positioned only temporarily can not be regarded as based in France … "Ryanair bypasses the regulation of a less flashy, but he uses a new process illegal," said Mr. Rashid Brihi however, the Counsel for the Unac, a union of flight crews who has led the legal woes of the Irish company.
The leaders of the airport, which have tailored their platform MP2 needs of low-cost, do not conceal their satisfaction on Tuesday. But the return of principal client does not compensate for the time that 75% of the shortfall. And it's not Transavia, a subsidiary of Air France, or the national company itself with its proposed regional base in Marseilles, who will fill it.
Ryanair does not clearly overlooked a market that has shown its potential and leave the field open to a potential competitor.The CEO of Ryanair provides: "If the French decree changes, we will return. Not with four but probably with six or eight aircraft based. "
The new week begins in the red for the major Asian stock markets. Investors are following the trend-driven American and European markets. While Wall Street ended lower on Friday as it had not been recorded since mid-November, stock markets in Europe all let loose about 1%. At issue: the rising tension in Egypt that worries investors. The anti-government protests have killed at least 125 dead and thousands injured for almost a week.
On Monday, the Japanese Nikkei sets the tone. The key index in Tokyo dropped 1.18% to close at 10,237.92 points. The broader Topix index of all titles of the first table has in turn yielded 1.04% to 910.08 points.
Japan announced today that it would send aircraft chartered to evacuate its nationals from Egypt.Some 500 Japanese nationals were stranded at the airport in the Egyptian capital because of the events. Moreover, Japanese companies doing business in Egypt, like Nissan, Toyota and Panasonic, have reduced their activities on site and asked their employees to avoid travel in this country.
This information occupy the minds of investors who set aside the announcement of a 3.1% increase in industrial production in Japan in December on a month, its second consecutive monthly increase.It increases by 15.9% over the whole of 2010, according to preliminary data released Monday by the Ministry of Economy, Trade and Industry (METI).
Please note, this Monday, the Japanese industrial conglomerate Toshiba has announced a net profit of 40 online payday loan lenders.2 billion yen (363 million euros) for the first nine months of 2010-2011, against a loss last year, thanks the NAND flash memory, and has significantly increased its annual targets. In addition, the automaker Honda said it had more than doubled its net profit for the first nine months of 2010/11, to 489.5 billion yen (4.45 billion euros), despite a drop in profits third quarter and raised its annual profit forecasts.All Nippon Airways (ANA), it always provides for an annual net profit of 6 billion yen.
The rest of the region into negative territory
In China, markets progressing piecemeal. In Hong Kong, the Hang Seng dropped 1.12% at 23,352 points while in Shanghai, the Shanghai Composite climbed 1.04% to 27,814 points. According to brokers, this increase reflected gains in gold and oil producers.
The Korean KOSDAQ lost 0.86%, the S & P Australian loose 0.44%, and the Indian Sensex was down 1.02%.
The increased gross
Only one to benefit from the troubles in Egypt, oil up that appears Monday in electronic trading in Asia. The market fears of disruptions in the transport of oil via the Suez Canal, said analysts.
In morning trading, a barrel of light sweet crude for March delivery gained 37 cents to 89.71 dollars.Of Brent North Sea with identical maturity appreciating by 18 cents to 99.60 dollars.
According to the letter dated Friday, brought to the attention of Figaro and sent by registered post to "senior position III C" holding the position of "Director of Front vehicle projects since 2006, the automaker said it had received" an anonymous tip involving namely, because (his) supervisor, Mr. Balthazard and indirectly Mr. Tenenbaum, Deputy Program Director electric vehicle "indicating that they have received" bribes ".
Explaining having initiated an investigation, "the responsibility of the compliance" of the company, submitted on January 6 in the "Compliance Committee" – editor's note: "Ethics" – Renault wrote that it "appears from these investigations than have "received money from foreign sources, leading to the conviction, given (its) responsibilities in a vital area for the future of the company (he has) given in exchange of strategic information for the company. "
Renault estimates, without providing details, that "these extremely serious acts indicate an intent to harm the company and constitute a serious and obvious to (its) obligations of confidentiality and loyalty to the company (..)»..
"My client knows nothing about the case against him"
Considering himself "unfairly hurt," Rochette Bertrand decided to strike back against the voices of his lawyers.
His advice Me Christian Charriere-Bournazel, intends on Monday sue for libel direct quote non-public proceedings before the police court. It refers to "the signer of the letter and the Renault is civilly liable," said the former president of the College. "I want to hold those responsible for the Renault to give us what they consider their evidence, since they did not have the reflex to give live to debate as they are now break the life of my client without having taken the precaution to say exactly why. "
In addition, Ms. Charriere-Bournazel has announced its intention to go as fast with Jean-Claude Marin, Public Prosecutor of Paris to learn the specifics of the complaint filed Thursday against X by Renault for "industrial espionage ."My client knows nothing about the case against him, he is put in food to the public and must be justified on the facts which we understand nothing, tenor Parisian rebels. We feel the heart of a trial of the largest Soviet era … "
On the social side of the record, My Marie-Sophie Rozenberg and Sabrina Gabyzon will enter into early next week the Industrial Tribunal to contest the dismissal of Bertrand Rochette saying that "the contents of the letter does not state specific allegations and Renault is based on mere belief can not justify a serious fault. "Both lawyers complain that the disciplinary procedure of the manufacturer is "based on an anonymous letter that does not ensure the reliability of the informant and that does not even mention Bertrand Rochette."
Accused of having opened an account in Switzerland
The executive in question, who maintains his innocence, had written to the director of executive management and senior officers of the Board a letter of two pages including Le Figaro has obtained a copy. Bertrand wrote Rochette being summoned by Patrick Pelata, CEO of Renault, Monday, Jan. 3, for a meeting on "management of the architecture of new vehicles.""So I was very surprised when Mr. Pelata me immediately announced that misconduct had been alleged (..) and that the company had evidence that I was involved in a case industrial espionage related to the electric vehicle with the key money and foreign powers. "
After being escorted from his home by Mark T., a former member of the Police Department for the Protection of the group, Rochette Bertrand says he was "accused of having opened an account in Switzerland on which corporation shall have been made in consideration confidential information that I trasmises to third. Marc T. reportedly said "they had evidence of what he said." "All this is strictly impossible, I suggested to Mr. T. to go to Switzerland to check up on conditions under which this alleged account was opened. "
Remembering be gone the next day early in the afternoon on the TGV to Geneva with Marc T. and one of his colleagues, Bertrand Rochette ensures arriving too late to see this bank account which he repeats all ignore. "It was decided to spend the evening and night in Geneva. Mr. T. we suggested a drink and dinner together, "says Bertrand Rochette. The next morning at breakfast, it was agreed that Messrs. T. and G. pass me up at my room in 10 hours. It was only 11:30 that these gentlemen have "reappeared" and informed me that the visit to the bank, which I still do not know the name, was canceled and we returned to Paris on the orders of Renault .. " This trip would have made abortion "qu'accuenter the nightmare" of the framework in question.
As part of his "dismissal for gross misconduct," Bertrand Rochette was served Friday the obligation to surrender on the field its "laptop, badge, car, mobile phone, credit card, and all business records (he) might have kept. "
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The euro started 2011 on a slightly downward trend. The single currency, which now circulates in seventeen European countries – Estonia is part of the euro area since 1 January 2011 – suffers from both the persistence of tensions on debt in Europe and a resumption of dollar .
The greenback resumed gradually colors, including through macroeconomic figures better than expected. "A series of increases in the U.S. indicators were induced to buy the dollar," said Yuichiro Harada, Mizuho Corporate Bank. Like to manufacturing orders rebounded 0.7% in November, while analysts expected a further decline. On Wednesday, the firm ADP reported that the U.S. private sector has created 297,000 net jobs in December, almost three times more than expected by economists.The ISM index of activity in services meanwhile rose more than expected to 57.1.
As for public finances in the euro area, there was no bad news since the beginning of the year, but risk aversion remains strong. In recent weeks, rating agencies (Moody's, Standard and Poor's and Fitch Ratings) have placed several countries, including Portugal, Spain and Belgium on negative watch, implying a deterioration in their actual sovereign rating within weeks . In Europe, Portugal, Greece or Spain will borrow on the bond markets and governments put in place, the chain of fiscal austerity measures. Latest, the United Kingdom, the VAT increase to 20%, more than in France.
Currently, Chinese Vice Premier Li Keqiang, continues its three-day visit to Spain, to demonstrate its financial support to countries.
The euro under $ 1.30 soon?
So on Thursday, a euro is worth less than $ 1.32 around 9:30 am to 8 pm at exactly 1.3154 (-0.33%). This downward trend taken by the euro since the beginning of the year should continue in the eyes of most economists who see the currency below the $ 1.27 by the end of the first quarter.
After a week particularly hesitant, the CAC 40 is changing sharply higher Monday. Halfway through, he climbs to 1.07% and iron and the milestone of 3900 points to 3908.60 points. With the approach of Christmas and the end of the year, a period conducive to window dressing. The U.S. exchanges have closed Friday at closer to their equilibrium level. As for society, as Ingenico plunges.
The Nikkei finished the session down by 0.85% on Monday. However, developments in Asian stock markets should not influence the European indices today as purely local concerns weighed on prices.
The concerns of the ECB could be detrimental to European indices. The European Central Bank unveiled its fears about the consequences of the bailout of Irish banks.In an opinion paper (position paper), the institution considers that the allegation of funds to support the Irish banking system could undermine the European financial system.
Also note, according to an OECD study on the situation in Spain, a slow recovery began in the peninsula in the first half of 2010, but growth should remain "soft" due to necessary adjustments in the sector housing and the high level of private debt.
On the macroeconomic front, the meeting promises to be quiet. The Financial Sector Advisory Committee will publish its annual report 2009/2010. Germany's producer prices for the month of November will be known to 8:00. As for the euro, it fell back slightly. About 11:00 am in Paris, the euro bought 1.3154 dollars against 1.3185 dollars on Friday night.
Ingenico sanctioned
In terms of values, the star of the day is the title Ingenico.The government intervened to prevent the takeover of French by the American Danaher this weekend. The title plunged to 9.10% in mid-session at 25.08 euros.
The Crédit Agricole displays the sharpest drop in the CAC 40 with a decline of 0.74% to 10.015 euros. The green bank announced a loss of 1.25 billion in its accounts related to a depreciation in the Italian bank Intesa. Moreover, the banking arm of French affairs of the institution extends its period of exclusive negotiations with the Chinese CITIC, until 30 June. The talks for the establishment of a brokerage and investment bank dedicated to Asia, in a 50-50 partnership, were to terminate on December 31.
More generally, financial stocks should react to the agreement on bonuses.The Financial Services Authority has adopted a measure requiring that at least half of the bonus should be paid in shares. This year, the amount of bonuses would be down 20% to 30% in Europe. On Wall Street, they could even be zero.
Conversely Axa leads the CAC 40 with a gain of 2.17% to 12.92 euros. Bank of America-Merrill Lynch joined the title in his list of favorite European values. Moreover, the number one German energy EON announced Monday the sale of its gas network in Italy to the Italian fund F2i SGR and French Axa Private Equity.
Rhodia (5.82% to 24.075 euros) Overtakes Lead increases in DTH. Morgan Stanley rose to a positive and raised its target price of 17-29 euros. The analyst raised its profit forecast and said the lag is suffering from a discount of 30% from the field of specialty chemicals.Also the market welcomed the remarks of Jean-Pierre Clamadieu, CEO of Rhodia, reported by the weekly Invest. Rhodia's boss recalled the strong presence of its affiliates in Asia, which is considered an asset in its industry and recalled the ambitious strategic plan recently presented by the group.
Sanofi-Aventis sign one of the largest increase with a gain of 1.51% to 49.39 euros. The laboratory announced Monday the signing of a global alliance with Avila Therapeutics Research covalent drug targeted to treat various types of cancer.Drugs called "covalent" can make completely inactivate proteins that cause diseases and blocks their function.
GDF Suez is also well directed (1.99% to 27.72 euros), while in an interview with La Tribune, lGérard Mestrallet, CEO, criticized the pricing strategy of EDF. The latter wants the lights electrician practice a price of 35 euros per megawatt hour, not 42 in the framework of the law Nome aimed at reforming the French electricity market.
In addition, Arcelor Mittal advance of 0.86% to 29.28 euros.He announced Saturday that it raised its offer for Canadian mining group Baffinland Iron Ore Mines at $ 1.25 Canadian per share against 1.10 Canadian dollars in its initial offer.
Outside the CAC 40, Hermes (-1.18% to 155.50 euros) does not leave the Stock Exchange that would be very expensive, said his number two operational daily Il Sole 24 Ore dated Sunday.
Scor (+0.32% at 15.06 euros) announced today that it has completed implementation of its hedging program financial disaster of 150 million euros for a period of 3 years.
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The construction group Bouygues is favored against Eiffage and Vinci to capture the market of the future high-speed line Le Mans-Rennes, understands the daily La Tribune on Wednesday.
Eiffage group who appear to challenger and Vinci have already won the concession in March of future Tours-Bordeaux, "some market participants argue that games are made" while the three groups call on Wednesday their final bids to the manager French railway network, Réseau Ferré de France (RFF), the newspaper said.
These stakeholders "believe Vinci (…) can lead two such large projects," which Bouygues place in a favorable position, the newspaper reported.
Vinci could even choose to make an offer "designed not to be competitive with Bouygues and Eiffage," the newspaper speculated, citing these same stakeholders.
Vinci contends, however, that "if he submits a tender is that it is the ability to perform," says The Tribune.
The section TGV Bretagne-Pays de la Loire (182 km and 32 km of connections) is estimated at 3.4 billion euros and is set in Paris Rennes 1:26 2015, 2:03 cons now.
This is a partnership and not a concession, the manufacturer selected receiving rent from RFF.
Brittany-Pays de Loire will be "the largest contract of partnership in rail infrastructure" because "the winner will build the line and maintain it for 25 years", said La Tribune.
Anglo Irish Bank is "too big to fail". So the government is mobilizing to help him, at the cost of deteriorating public finances. The Irish Finance Minister Brian Lenihan warned that the cost of the bailout AIB will raise the government deficit in Ireland to 32% of Gross Domestic Product (GDP) this year.
"There will be a very important leap in the public deficit in 2010 because of our support to the banking system, which will total nearly 20% of GDP," the minister said in a statement, adding that this would bring the deficit public "about 32% of GDP" this year, instead of the 11.6% forecast last December.
And the Irish government debt will also soar to 98.6% of GDP this year to raw data, against 64% in late 2009, the minister said.
However, the minister wanted reassurance and he said that the state would not need to borrow additional funds to cover this deficit exorbitant because it has sufficient cash reserves.But he added that the government should further savings next year, beyond the 3 billion euros minimum on which he already foresaw.
Brian Lenihan has also ensured that Ireland remained "firmly committed" to bring its deficit below 3% of GDP in 2014, as she had promised the European Commission announcing that he would present "early November" a plan fiscal consolidation over 4 years to fulfill this goal.
Rescue Anglo Irish 34 billion
It must be said that Anglo Irish bank is a real money pit. The Irish Central Bank has estimated 34 billion cost of the rescue of Anglo Irish Bank, in the worst case scenario and to 29.3 billion euros in the best case business card.
Anglo Irish Bank addition, the state will also help the Allied Irish Banks group to recapitalize more than expected, becoming its majority shareholder in passing. The Central Bank has calculated qu'Allied Irish, who had already increased its capital by 7.4 billion euros this year, should raise an additional 3 billion by the end of December.
Never two without three! The Irish government will also have to increase its aid to the mutual bank Irish Nationwide (INBS), nationalized in the spring and had already recapitalized to the tune of 2.7 billion euro, said Brian Lenihan.The state will pay an equivalent sum, subject to the Brussels agreement, bringing to 5.4 billion euros are pumped into the facility.
No help from Europe
Ireland may solve the problem bank "without recourse to the European rescue, said Thursday the leader of the finance ministers of the euro area, Luxembourg Jean-Claude Juncker.
Already yesterday, the European Commissioner for Economic and Monetary Affairs, Olli Rehn, said that Ireland must do without any emergency financial aid from the European Union and the International Monetary Fund, and recalling the EU position .The Commissioner had also said the country should undertake reforms to achieve savings of several billion euros by 2014.
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In China, vehicle manufacturers have engaged in a frantic race to production capacity. Last listing day, the Japanese Nissan, owned 43% by Renault, said Monday it plans to nearly double his own, to be of 670,000 vehicles per year to 1.2 million by 2012. Either a higher target of 200,000 cars to the group had set last May.
Number three in China, behind General Motors and Volkswagen, but to his compatriots Toyota and Honda, the third largest Nippon Account systematically increased "capacity" so as to not only maintain our market share, but also to try the increase, "said Carlos Ghosn, CEO of Nissan and Renault. His ambition: to rise from 6% currently to 10% eventually.The German Volkswagen has also doubled in size to produce 3 million cars in 2013-2014.
Became the biggest car market in the world last year with 13.6 million vehicles, China has been of Eldorado. This year, sales could rise by 20%, exceeding 16 million copies. After a slowdown in the spring and early summer, they jumped 56% in August.
In recent months, Nissan has not hidden its size in China no longer allowed him to keep pace with the market. First step, Monday inaugurated its first plant of 4 × 4, in Zhengzhou, in central Somalia. It is a joint venture with its local partner Dongfeng, with an annual capacity of 180,000 cars.The group plans to expand alongside two other sites in the country.
Renault Nissan could join in China
Carlos Ghosn confirmed that Renault still absent from this market, did not intend to start immediately its own production site in China. But the French could reach in time the joint venture with Dongfeng Nissan, "he added.
Nissan, Renault, wants to become the world's leading electric car, also fueled strong ambitions in this field in Asia. "The electric car has a great future in China," Ghosn hammered. The Chinese government has in effect set a target to win the next ten years as the leader in this technology.He has been announced before it would launch a five-city pilot program to buy premium "clean" vehicles, which could go up to about 7200 euros for the acquisition of an electric car.
Only problem, the country's government is working on a plan intended to define the modalities of transfer of technology to foreign companies wishing to produce hybrid and electric vehicles in China. A preliminary draft, making it obligatory transfer of technology's most strategic, has raised concerns among builders.
But Nissan is already in talks with Dongfeng to transfer its technology for electric cars in China, according to the agency Dow Jones. Nissan and Dongfeng Electric Leaf occur together on site. "There is no limit to the technology that we bring in China," simply stated Carlos Ghosn.
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"Our goal is to aim Iran where it hurts most." The words are clear, crisp and sharp. The Democratic majority leader Harry Reid's Senate on Monday spoke uncompromisingly after both houses of Congress last Thursday adopted sanctions against Iran, aimed at forcing the country to abandon its nuclear ambitions.
This series of steps that must still be signed by President Barack Obama seeks to reduce the supply of gasoline to Iran.It involves companies or their affiliates doing business with the country providing refined petroleum products or helping to develop refining capacity.
Christophe de Margerie warned
Thus, Total said, speaking through his spokesman Monday that the suspension of deliveries of petroleum products to Iran, confirming information the website of the Financial Times Sunday. Total joins BP and Royal Dutch Shell in the list of petroleum companies halting oil sales to Iran cash till payday. Last April, Christophe de Margerie, Total's then CEO had said his group would stop sales to Iran if the U.S. legislation penalizing companies providing Teheran in petroleum products was adopted.
The group chaired by Christophe de Margerie declined to say more, including specifying the date of termination of deliveries nor the volumes of oil involved According to a source close to the oil group, it would be "marginal quantities" . To believe the traders interviewed by the Financial Times, shipments have been stopped "about a month ago.
Fourth largest crude producer, Iran lacks refinery on its national soil, and thus depends heavily on imports for its supply of gasoline and refined products.
At the Paris Stock Exchange, Total closed up 0.66% to 38.13 euros in a market up 1.61% to 3576 points.
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