At The Core
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Wall Street is moving upward
As expected, the increase in U.S. indices is very shy. Investors are always in effect evidence of caution before the publication of several major macroeconomic indicators. In early trading, the Dow Jones and Nasdaq 100 advanced 0.04% to 10,572 points and 0.01% at 2340 points. Tuesday after a turbulent session, the U.S. stock markets finished slightly higher, the Nasdaq has shackled its tenth session in the green.
Almost an hour after the opening exchanges moving despite the absence of news on the rise, with respective increases of 0.22%, 0.65% and 0.49%. Financial stocks feed this trend.
The next U.S. statistics are expected Wednesday, with the traditional weekly report on unemployment, wholesale inventories in January and after closing the federal budget in February.Weekly Market in the United States, will then be placed under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.
Oil finished down slightly on Tuesday on the New York market, falling from a high of eight weeks, the April contract closed down 0.5%, to 81.49 dollars, penalized by a stronger currency U.S..
AIG rise another 12%
On the side of values, the insurance giant AIG, which forced march to advance its restructuring was awarded 13% Saturday and climbed again this Wednesday, from 12.57% to 36.89 dollars. Traders welcomed the efforts made by the insurance company to reimburse the state aid, a shareholder at 80%. The group conducted a series of steep cuts to enable it to garner around 25 billion dollars.
Citigroup allows itself for its 4.19% to 3.98 dollars after yesterday awarded more than 7.5%. The state could sell shares in the bank.
United Airlines has announced a growth of 18% of its turnover in passenger transport on February. The president said the group observed clear signs of renewed activity. Note, however, the snowstorms have affected the company announced a loss of 40 million due to the cancellation of hundreds of flights. The securities are 3.69% on Wednesday to 18.83 dollars.
Facet Biotech Corp. has accepted the takeover offer made by Abbott Laboratories, priced at $ 27 per title, a cash offer totaling $ 450 million. Direct impact on the stock market: Facet Biotech Corp. explodes from 66.19% to 26.94 dollars.Abbott remains in equilibrium.
Cisco on Tuesday claimed a major milestone in the conquest of Internet connections at very high rates, presenting a new router overkill.
Now the unexpected financial emergencies can be easily resolved with assist of no teletrack cash advance.Peugeot launches its solution "mobility map"
Mu, you know? Not yet? It will soon be difficult to avoid if you live in Paris. Peugeot is launching an extensive marketing campaign for its new "mobility service". Display urban subway trains in the colors of Mu, nothing will be spared.
But Mu is what? A rental vehicle launched by Peugeot, which allows users to rent, according to his needs, a bicycle, electric assisted bicycle, a scooter, a car and, once it is released, the Ion, the electric car from Peugeot. The principle is simple. Simply create an account on the Internet (www.mu.peugeot.fr) and purchase of units (20 cents one). Once Mu credited his account, you can book the vehicle of choice, always on the Web, or on terminals now installed at dealerships Parisian brand, but also those of Brest, Rennes, Nantes and Lyon.
Renting a bike with electric assistance will cost 45 units the day (9 euro), a scooter 125 cm3, 39 euros. If you need a family sedan, a 407 to go on weekends, this will be charged 215 euros (per 500 kilometers). A rate comparable or slightly superior to those displayed by the traditional rental. But the benefit formula Peugeot, you choose your model: you book a 407, not a Category C, with its share of mystery about the type of vehicle in which you are flying again.
With Mu, you can also rent the accessories you need: for example, a GPS (10 euros per day) a bicycle rack (20 euros) or 80 euros a week, a roof box.Baby seat, bike helmet and bike, and snow chains are also available in dealerships.
Peugeot hopes to win in Paris 1600 by June, with a formula clearly inspired by the car sharing and Vélib'et whose chief advantage and be no subscription fee. Disadvantage in terms of "mesh" of the territory (one of the arguments of marketing for the brand), yet there are only four concessions in Paris and that of Defense. However, Peugeot Scooter will soon offer their services. What a true "local network".
Hugo Chavez expropriated a subsidiary of Casino
After the oil, energy, steel and telecommunications, Hugo Chavez continues its process of nationalization of enterprises. The socialist Venezuelan president ordered Sunday the expropriation of the hypermarket chain Franco-Colombian Exito, owned by Casino, which it accuses of having increased its prices for "speculation." Until when will we allow a multinational come to that here? This should go under control of the nation, "Chavez said during his radio program broadcast weekly" Alo Presidente (Hello President).The Venezuelan president had already used this forum a year ago, to threaten international companies, namely Nestle and Parmalat, which he considered responsible for the shortage of milk in his country.
Following the devaluation of the bolivar, the local currency last January 8, Hugo Chavez had threatened that any company would increase its prices by improperly expropriation. The bolivar is trading now at 2.60 Bolivars to the dollar for imports of commodities (health, food, equipment) and 4.30 Bolivars for others (cars, telecommunications, electronics, tobacco, beverages … ).
The Casino Group is present in the Venezuelan market since 2000 through Exito hypermarkets but also Cada supermarkets, leaders in their segment.In total, 60 stores in Venezuela owned by Casino have achieved in 2008 a turnover of 741 million euros, or about 2.6% of total turnover of the group.
The Casino must submit on Monday after-hours trading, its annual sales and one for the fourth quarter of 2009.
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Wall Street opens this year in green
Wall Street started the first meeting of the year on a positive note, while Ben Bernanke and Donald Kohn, respectively president and vice-chairman of the Fed (U.S. central bank), who spoke yesterday, stressed that the rate of interest should remain near zero in the months ahead.
The index futures on Dow Jones are 0.87%, to 10,518.28 points. The Future S & P 500 gained 1.02% at 1126.5 points, and Nasdaq 100 future, less shy, wins 1.37%, to 2300.13 points points.
Earlier this morning, Asian stock markets have evolved piecemeal. But the Nikkei in Tokyo was able to distinguish themselves, rising 1.03%, buoyed by the rebound of Japan Airlines.Manufacturing activity in China continued to rise in December for the 10th consecutive according Index Purchasing Managers (PMI) Chinese official on Friday.
Wednesday Specifically, the ISM will release the same survey the rest of the economy.
During the rest of the week, investors will turn their attention to the minutes of the Fed in December. The debate could be sharp: the report should provide explanations on the choice of means and proposed guidance on the timing of the implementation of drainage of excess liquidity."Considered the first phase of" normalization "of monetary policy, removal of masses of liquidity injected to address the financial crisis will be interpreted as a scout for the first increase in rates," continued strategists.
Will also be peeled, the employment figures in the month of December (Thursday), following the upturn in November.The state's housing market (sales promises Tuesday) and construction costs.
The euro accentuated its gains against the dollar Monday amid European exchanges in a renewed interest in risky investments, while confidence in the strength and sustainability of the economic recovery is enhanced by a good indicator for Europe.
Lower costs at Wal-Mart
The oil companies Chevron (1.89% to 78.45 dollars) and ExxonMobil (1.02% to 68.88 dollars) involved in the rise in the Dow Jones, while a barrel of oil rose from 1 about $ 60 on Monday to 81.46 dollars.
Alcon (-2.64% to $ 160): The Swiss pharmaceutical group Novartis announced this morning have purchased an additional 52% stake in Alcon from food giant Nestle for $ 28.1 billion.
Chesapeake (+5.49% to 27.3 dollars), which was created with the French Total group a joint venture through which Total will contribute to Chesapeake for the acquisition of 25% of the portfolio in the U.S. the Barnett Shale, a $ 800 million to finalize the deal, signed December 30.
Kraft Foods (+0.18% to 27.23 dollars): The giant U.S. food would consider raising the hostile bid it has made since last November 9 to get their hands on Cadbury, the British weekly Britain's Sunday Times.
Wal-Mart (2.12% to 3.86 dollars). The head of Wal-Mart's Eduardo Castro-Wright, has announced its intention to reduce its costs in the Financial Times. The official estimated that the costs could be reduced by 5% to 15% in five years.
The Paris Bourse marked time
The 4,000 points away gradually. The CAC 40 in mid-session, is down 0.71% to 3932 points in a volume of exchanges low of 443 million euros. Other major European markets also receding, with a decrease of 0.5% in London and 0.9% in Frankfurt. As for the European indices, the Euro STOXX 50 yields 0.8%.
After recording several records in closing on the year, the Paris market shows signs of slowing, affected by the slight decline on Wall Street Tuesday night, but especially by the lack of which can give him momentum. The public debt of France has reached a record $ 1457.4 billion at the end of 3rd quarter (29.4 billion compared to end June), or 75.8% of GDP in France.The number of building permits for new buildings has fallen by nearly 18% in one year.
Apart from the index which measures economic activity in the Chicago area, at 14.45 GMT, no statistics would be published before the end of the year.
The euro is almost stable against the dollar (-0.08% to 1.4334 dollars). Gold recorded a second session in a row downward (-0.49% to 1091 dollars per ounce).
The defensive stand out
In France, most CAC 40 values are in red, with the exception of securities considered to be very defensive, like Carrefour (+0.94% at 33.82 euros) and Pernod Ricard (+0.48% at 60 , 28 euros).
The title of Unibail-Rodamco, Europe's leading commercial real estate, was leading the CAC 40 (+1.27% to 151.20 euros).
Conversely, ArcelorMittal (-1.83% to 31.96 euros), biggest drop in the CAC 40, suffered profit-taking.
The cement manufacturer Lafarge lost 0.62% to 57.79 euros.Its Director General, Jean Desazars of Montgailhard, quoted in the Financial Times says the group does not yet feel the effects of rising construction expenditures of U.S. and European governments.
Areva (-0.57%) announced it has signed with Fresno Energy Group, a letter of intent for the construction of one or two EPR nuclear reactors in California.
GDF Suez (-0.38% to 30.10 euros) announces tie at Stord in Norway, a platform for oil and gas field Gjoa in the North Sea, during a complex operation for on behalf of the operator Statoil. The energy group has formalized the signing of the public service contract with the State covering the period 2010-2013.
The offensive line banks
The online banks have attempted an initial foray into the French countryside in the early 2000s with mixed success. Since time has passed, the French are equipped with computers and Internet connections to broadband and have learned to trust online transactions. The market is ripe and actors who want to participate in this new "cake" does not fail.
Click on image to enlarge.
Volatility is back in Stock
The miracle did not happen. The CAC 40 has not yet reached this week the "glass ceiling" of 3850 points on which he stumbled past three months. Same thing on Wall Street for the S & P 500 index off the 500 largest U.S. securities, which stalled again on 1115 points.
Good American statistics which show that the activity distributed gradually across the Atlantic have failed to reassure investors. The gap – more and more important by the European mainland where to pick up much softer – has mainly benefited the dollar has rebounded against the euro, after nine months of almost uninterrupted decline.The rebound in the greenback against the euro has been even stronger than the European currency has weakened for weeks by the financial difficulties of many countries in the eurozone, whose head is Greece.
Investors are obsessed with the risk
In reality, rather than adopting the positive news, investors have preferred this week yet, focus on risks that could weigh on financial markets. Among them, investors began to fear a return of inflation could lead to a gradual tightening of U.S. monetary policy.
However, until now, low interest rate remains the primary equity market in the world. A risen too fast in the dollar could also influence the competitiveness of U.S. exporters.This time, the reassuring statements of the President of the Federal Reserve, which confirmed that rates would stay low permanently in the United States, have failed to completely reassure the markets.
The accumulation of signs of geopolitical tensions and the deterioration of the financial rating of several states of the euro area also participate in the general climate of anxiety that prevails today in exchange.
Hope to cross the figure of 4,000 points for Christmas
So the indecision that has dominated this week's stock market and even the CAC 40 was unable to cross the smallest step towards the 4,000 points that all fellows dream of showing up on screens for the St. Sylvestre. There are still two weeks, each comprising three sessions and a half trading to achieve.Not impossible, but gradually as time passes the likelihood of finishing the year above that threshold becomes thinner.
This week, the rating was mainly penalized by the decline in bank stocks, as well as by car values, and Total, which stalled Friday after a sell recommendation issued by a broker.
In the final session Friday, the U.S. indices were significantly strengthened, giving hope for early next week over laughing at the Paris Bourse.
Paris wants to regulate CO2
"Whatever the outcome of negotiations in Copenhagen, carbon finance will grow," asserted Friday Augustin de Romanet, director general of the Caisse des Depots (CDC), central player of the CO2 market in France. Europe, pioneer, has held his Fellowship in 2005. Over 62 billion it traded in 2008, three quarters of global transactions. But Japan, Taiwan and South Korea will begin their Fellowships, followed in 2012 by the United States. Three days before the opening of the UN conference on climate change, Ministers of Economy and Ecology, Christine Lagarde and Jean-Louis Borloo, inaugurated on Friday the "Committee established France Carbone" . This instance of consultation will propose rules for the third phase, 2013-2020, to avoid, including the VAT fraud. The Franco-British rivalry also affects the CO2.Bluenext, the platform for exchange of Paris handles 80% of European spot market, but London (platform ECX) dominates the futures market. Pace "our friends across the Channel," says Christine Lagarde, "our intention is to regulate."
The fit of anger farmers
FNSEA, the defense organization of French farmers, expecting 40,000 protesters in the streets of France on Friday. At 12:30, the organization reported 52,000 farmers mobilized. "I believe that mobilization is really there," said Jean-Michel Lemetayer, president of the FNSEA. They want a plan to help 1.4 billion to fight against the drop in income from all productions. Occupying the ground and return to the front of the stage is the main objective of this national day of action that will be decisive in terms of participation for the credibility of the organization.
The Minister of Agriculture, Bruno Le Maire, said being "surprised" by the mobilization of farmers took to the streets to denounce their declining incomes. "There is a significant mobilization reflecting the confusion and anxiety of all farmers in France.Today, the entire agricultural France suffering, "said Bruno Le Maire, interviewed on BFM. "I'm not surprised" by the mobilization, he added, saying: "He meant this concern and respond." "We take all possible measures to help and we will do more in the days to come," he said.
Earlier, the Minister of Agriculture Bruno Le Maire said on France-Info on Friday he expected the exact figures of income for farmers in 2009 before proposing a "comprehensive plan of support" to the profession."They [farmers] can not both be responsible for such important issues as food security, health security, sustainable development, and also have income as unstable and subject to so many imponderables" , he said.
Specifically, traffic was disrupted in several regions due to these events. According to the National Clearinghouse Road Rosny-Sous-Bois, about 9 hours, traffic was disrupted in Haute-Garonne, with operations snail on the A62 and the D813 (formerly N113) around Toulouse.
On the N124, a barrier filter was introduced in the direction Auch v Toulouse. In the Cantal, the A75 was shut off and diverted into northbound due to an operation snail. 80 tractors to farmers include parties from Montauban to converge toward the center of Toulouse, where a regional event was scheduled at 10 hours.3,500 people gathered according to the latest police estimates.
In the Puy de Dome, this time, nearly 500 tractors converged on the city of Clermont-Ferrand, causing the closure of part of the A75.
Farmers have poured in on Thursday night to Friday about 1,000 m3 of land in the city of Poitiers. "The earth is the symbol of mother earth, which sustains the farmers and feed people.We want to recreate a field of 20 cm thick, "he told reporters Dominique Marchand, chairman of the FDSEA.
Also in the morning, about fifty grains were deposited barriers yards and bales of straw on the Champs-Elysees and flaming tires, which was totally cut off traffic on the Avenue in both directions and disrupting road traffic throughout the industry.
In Nantes and Rennes are also expected thousands of protesters in the day. In the latter city, there were 3,500 people in mid-day.
In Metz, more than 3,000 farmers and nearly 1,600 tractors, organizers said, and respectively 1800 and 1500 by police, marched Friday in downtown. In Metz and several surrounding municipalities, all high schools, colleges and schools were closed for the day a decision quashed.Public transport (bus) Metz will be stationary until the end of the event scheduled to 17heures.
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