Asian stock markets without direction

Asian markets are very cautious on Tuesday. Despite the encouraging signals sent by the European and U.S. markets yesterday, investors in the region remain on their guard. Indeed, everyone expects the outcome of the meeting between Angela Merkel and Nicolas Sarkozy, to improve governance in the euro area. "Investors will await the details of the meeting of eurozone GDP figures and the same region for the second quarter," said Ker Chung Yang, an analyst at Phillip Futures Oil in Singapore.

Against this backdrop of feverish expectation, the main index of the region play yoyo. Nikkei and Tokyo Stock Exchange best illustrates these movements. After opening up 0.58%, the latter no longer display an increase of 0.30% in mid-session. An hour of closing, it loses 0.01% to 9085 points.

Same hesitation in Hong Kong and Shanghai.The first stock exchange gained 0.41% to 7 hours while the latter gives up 0.30%. The Australian S & P lost 0.59% and the Indian Sensex gained 0.59%. The Kospi Korean, who had missed the rebound of the previous day because of holiday, takes 4.40% at the same time.

The technology sector responds to the purchase of Motorola Mobility

As for values, the Asian technology sector reacted sharply to the announcement of the acquisition of Motorola Mobility by Google. In Japan, Softbank, one of the operators who distribute Apple products, is illustrated by a decrease of 0.70%. In Hong Kong, Foxconn, Motorola partner, flies to 14.58%. In Korea, Samsung is gaining 4.53%.

In Australia, Qantas is one of the highest values ​​followed.The airline announced Tuesday a major restructuring over five years, which involves the elimination of 1,000 jobs, the purchase of 110 Airbus A320, delaying the delivery of six Airbus A380 jumbo jets and business development in Asia . Qantas will launch and a low-cost airline by the end of the year, Jetstar Japan with two Japanese partners, Mitsubishi Corp. and Japan Airlines (0.81%). The action of the Australian company climbed 1.77% in Sydney.

Oil down

As for the oil markets, oil was down in morning trading in Asia: a barrel of "light sweet crude" lost 45 cents to 87.43 dollars and that of Brent crude gave 42 cents to 109.49 dollars.

The oil market, as global stock markets, fears for several days a new slowdown in the world, against the backdrop of sovereign debt crisis in Europe and sluggish growth in the United States.

Fruits and vegetables producers' anger

Was rotten to the producers of French fruit and vegetables. Multiply these actions to raise awareness of the state of their precarious economic situation. Vegetable growers now call their members to "strike of public payments," inviting them to no longer pay their payroll and other taxes. "I did not revive the disastrous situation of 2009, laments Angelique Delahaye, president of vegetables in France. Treasuries of our 40,000 businesses are very tense, 10% to 15% risk of extinction. We invite them to put themselves insolvent employer contributions to the MSA, deadlines and other bank charges. We must keep what little cash we have left to pay our employees and our local suppliers, "she says.

The gardeners feel they have lost 20% to 40% of their turnover since the crisis of cucumber, late MayAfter the questioning of vegetables by the German authorities in the bacterium E. coli, there has been a surplus of vegetables in the European market. With, as a consequence, a collapse in prices. These never reached the levels of last year payday loans. First victim, the tomato, which is officially in economic crisis last week.

Finally, the bad weather came to tarnish the situation. "The winter vegetable pot-au-feu or those consumed in béchamel as cauliflower are selling well right now over their cost," says Angelique Delahaye.

Targeted actions

Fruit growers are hardly better off. They have the advantage of cross-over for the holiday challenge on the road. "Sos Fruits, Europe guilty, absent policies …" be able to read on the tolls or stickers on banners hung on the bridges of the A7."We sell our fisheries currently 30 cents below our cost, deplores Regis Aubenas, producer of peaches in the Drome, the cause of this action by the FDSEA. We call policies to regulate the market so that the Spanish leading provider of fisheries in Europe, stop the dumping by selling eg 35 cents per kilo in Hamburg at Lidl. "

The player is used by default in the articles of figaro.fr. Maj7

"The deteriorating U.S. puts enormous pressure on Europe"

In the night from Friday to Saturday, S & P downgraded the rating of the United States, from "AAA" to "AA +". This historic announcement, which comes as the markets have closed a black week, plunged the financial world into the unknown. Munis Hassim, professor at the Institut d'Etudes Politiques de Paris, explains why such degradation threatens the U.S. economy, the first world power, and identifies the situation to that of Japan in the 1990s.

Is the degradation of the notes of the United States plunges us into a new crisis?

The fact that the United States lose their triple-A means that they have a slightly higher probability of defaulting. But by switching to "AA +", this probability is very low. Moreover, experts and analysts do not believe at all a failure to pay the largest economy in the world. So there is no reason to panic.However, the multiple consequences which such degradation can they prove to be very disturbing.

For example?

The fact that S & P has dared to sacrifice the American note puts enormous pressure on other countries rated AAA, particularly in Europe as the UK or even France. This announcement will fuel fears of a contagion of degradation of notes, when the markets seemed to panic this week. In Italy and Spain (already degraded) in particular, tensions are rising, although they seem to be the new target markets. Moreover, the impact on the banks direct. They will have to review their capital allocation taking into account the appearance of more risky U.S. bonds they hold, as they impose the new international regulations, to strengthen the solvency of banks (Basel III).The recent bank stress tests, whose results were given there only three weeks, have already lost all credibility because they did not include either a restructuring of the Greek debt, or a deterioration note the United States.

Why such a lowering of note can threaten the global economy?

When the debt rating of long-term decline in the U.S., this means that more may not be refunded if the creditor is. However, the markets, the risk is remunerated by interest rates: if I am less sure of being repaid, so I request a higher rate. Thus, losing the "AAA", the U.S. interest rates at 5 years, 10, 20, 30, will mechanically increase.And if rates rise, it's a downward spiral of investment and consumption that will engage, which produces more unemployment, less tax revenue and public expenditure. This government deficits widen further, and sovereign debt. But during the past two weeks very turbulent markets, the U.S. long rates remained very low. There have never been so low, a sign of investor confidence.

There is still a little time, no one imagined the United States lose their AAA. How did they get there?

The problem the U.S. is that they have more flexibility, or a monetary point of view, or budget.On the one hand, monetary policy can not be more accommodating, having pumped billions and billions of dollars of liquidity into the markets and set the interest rate floor (they are between 0% and 0.5 %) to restore the U.S. economy weighed down by the subprime crisis that has capitulated Lehman Brothers, three years ago. On the other, public spending has been poorly controlled, while the U.S. tax burden is already high. Difficult in these conditions for fiscal consolidation.

It is like in Japan twenty years ago …

Exactly, you are right in the Japanese-style scenario. The United States could enter a situation of liquidity trap in which Japan was mired in the 1990s, but never really escape. Rates were zero and sluggish growth, while prices fell, leaving Japan trapped.United States, the U.S. central bank, the Fed is now more capable of supporting the U.S. economy, which has not really recovered from the crisis, according to the latest statistics. Growth for 2011 looks less than expected, despite the monetary support giant that has been deployed. It remains to be seen whether this will result in deflation (lower prices) or if inflation will return. The best case scenario would be the second, to prevent the United States is experiencing a "lost decade" in Japan.

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In China, inflation still climbing

The Chinese inflation beating record after record. In June, the price index reached a new high for three years, to 6.4% yoy. A figure up sharply from the month of May, when inflation was already high, however, to 5.5%.

This increase is mainly the result of rising food prices. After droughts and floods that have occurred in China in the spring, the cost of power has indeed increased by 14.4% in June over a year. Pork, the first meat consumed in the country, even took 57.1%, said the National Bureau of Statistics (NBS).

Faced with the risk of social tensions generated by the rising cost of living, the Chinese government has done since the fall of 2010 the fight against inflation its top priority in economic matters.The central bank has already raised five times the interest rates since last October, and nearly ten times the rate of reserve requirements for banks, hoping to slow the pressure on prices. As a result, the volume of lending has slowed, and China's economic growth begins to suffer from these austerity measures. In the first quarter, it has reached "only" 9.7%, after 10.3% in 2010.

The tax threshold raised

If inflation remains particularly high, many analysts believe it has reached in June, its highest level. The figure published on Saturday morning is indeed partly the result of the recovery policy conducted by the Chinese government during the crisis, when control measures against inflation for their part have not yet produced their full effect."The rise in prices should slow down continuously from June to between 4% and 4.5% by the end of the year and remain at that level for several years," predicts and Lu Ting, an economist at Bank of America-Merrill Lynch in a statement.

The Chinese government had already announced in June that the goal of a previously displayed inflation contained below 4% in 2011 would not be attainable. Beijing should try to stick to a figure of 5%. Until such a slowdown, the tax threshold will be raised in the country from 1 September to restore purchasing power to lower classes. The new tax threshold is now set at 320 euros monthly income.

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The Ideal City in 2050

Atlanta Barcelona instead. That is the conclusion from the report today entitled "Cities of the future, the future of cities." Barcelona is 26 times less extent that Atlanta, which reduces transportation and therefore energy consumption. "In Barcelona we consume ten times less energy than Atlanta," it said in the report, which draws the portrait of the ideal city by 2050. A city that is sure to play the card of density but without falling into the excesses of Mexico, a "monstruopole" of 22 million people suffocated by its size, which has the largest slum in the world.

To avoid this shift, Shanghai with 17 million inhabitants has a plan: develop nearby cities to ensure that services are not concentrated only in the city world fast payday loans. Another challenge: finding the right level of decision in these cities more and more large.In Toronto, for example, the five municipalities that made up this megalopolis since the early twentieth century were merged in 1995 to save money while making governance more effective. A political choice that has not been successful: the "New Toronto" was still recruited 3,500 people for its operation. And some red tape remains in decision-making.

Apple after the iPhone and iPad, the revolution icloud

Monday night, Steve Jobs must have Apple's service icloud. Using a deal with record companies, the Cupertino company will upgrade its online music service iTunes. Customers can purchase their music from Apple's online store and listen to their wishes, where they are. The service called "cloud computing, or cloud computing, grow fast. This is a new revolution in computing. It is to connect to the Internet to access data and applications. Individuals no longer need to store on their PC or hard drive at home, and businesses no longer need to invest in high-performance computers.

The computer then used to open the application as a water faucet or turn on a light.Apple already offers a first service "cloud" to synchronize the network, contacts, emails and diary, from an iPhone or an iPad. The MobileMe service is very expensive (99 dollars or 79 euros per year from France).

Click on the thumbnail to enlarge the graphic.

Amazon has shown the way

Google will launch this summer the free operating system for PCs, Chrome OS, designed and filmed for the cloud. "The biggest users of cloud services are already without knowing it, individuals using tools such as Gmail or Google pay services data storage from Amazon," said Lew Tucker, Director Technical cloud at Cisco.With his offensive, Apple created a new front against Google, Amazon and Microsoft.

One of the largest global provider of cloud services Amazon is the world leader in cultural services in line with an estimated turnover in this area at one billion dollars in 2010. The original idea of ​​the champion of e-commerce, which has expanded its services to music storage for individuals, was to lease excess capacity of its own "farms" of computers. "It comes down to your apartment when it is empty during the workday and when you go on vacation," says one expert. All the giants of the Web follow the lead of Amazon. In economic terms, the marginal cost is low for providers of computing power and storage capacity low interest rate personal loans. The additional revenue generated almost as much profit.For ten years, computer manufacturers, software publishers and computer services companies dream of a paradigm shift.

56 billion market

With the development of the Internet and especially because of the economic crisis, companies have converted to cloud computing. "After years of germination, cloud computing takes off. Partly for macroeconomic reasons. The crisis led all organizations to scrutinize their spending. In this context, a solution which can offer more for less is difficult to ignore, "says Ben Pring, vice president of research firm Gartner. For now, most of the market is done by software. The turnover of the software on demand is estimated around $ 11.7 billion in 2010 by Forrester Research. Today, 60% of worldwide turnover is made in the United States.But the phenomenon should spread to other countries. By 2020, the worldwide market will reach $ 56 billion, says Forrester Research.

With about 3 million business customers worldwide including one million in Europe, Google makes between 500 million and $ 1 billion in sales in the cloud. Finally, Microsoft will invest 90% of its budget on R & D in the cloud this year, said Jean-Philippe Courtois, senior vice president of Microsoft. But its sales in the area is estimated at "several hundred million dollars a year," admits a group leader. Each offers its solution. IBM, HP, Dell, Microsoft and Oracle want to use huge "farms" of servers to store and rent computing power to their customers. To this end, HP and Dell have acquired companies in the storage and data virtualization, in order to compete with VMware, a subsidiary of EMC.The market also attracts telecom giants like Cisco, Ericsson and Huawei, and specific actors, such as Akamai, Rackspace Hosting or Salesforce.

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Virtual operators have built a true position

On Monday, the Post Office is officially launching its own mobile phone service for individuals, known as La Poste Mobile. Launched via the SFR network, it provides another example of diversification into telecoms. The opportunity to take stock of the growing power of these operators without their own network, but both rely on niche marketing and / or community to get a place alongside the historical giants such as Orange , SFR and Bouygues.

• What is a MVNO?

The acronym stands for MVNO Mobile Virtual Network Operator. Translated by "mobile virtual operator" or "no operator's own network," he means an operator who does not have spectrum or infrastructure.Appeared in France in 2005 to deregulate the telecom sector, so these new actors use an existing network, content to buy from the incumbent operators (Orange, SFR and Bouygues) of the minutes of their telephone then sell to their customers under their own brand, and to freely set their rates. The lack of investment, extremely heavy to develop its own network, allowing them to offer more competitive rates of around 15% to 30% depending on the offers. However, funding for equipment (reimbursement of part of the phone purchased at the time of signing the Contract) is often low or even zero. Hence the overall time commitment shorter than big operators.

• Who are the main MVNO?

According to the criteria Arcep (Regulatory Authority for electronic communications and postal services), are considered only MVNO operators virtual assets is not controlled mainly by a network operator. The first, and one of the oldest among them is Virgin Mobile, which uses the Orange network and accounts for about 2 million customers after a gain of 161,000 customers in the first quarter of 2011.Other MVNOs independent, we find NRJ Mobile, Omer Mobile (Virgin Mobile, Breizh Mobile, Mobile Casino, Mobile Tele 2) Afone, Auchan Telecom, Carrefour Mobile, Coriolis Telecom … According to Arcep, MVNOs controlled by operators network are German Debitel (SFR), Mobisud (SFR), Ten (Orange) and Neuf Cegetel (SFR).

• What is their weight against incumbents?

According to the latest figures from Arcep, the market share of these operators has reached 8.4% in the first quarter of 2011, 5.294 of customers / lines, against 7.5% a quarter earlier (4.7 million customers / lines). A jump rarely observed, partly due to terminations "without charge" offered by the incumbents when the VAT hike in telecom.In the first three months of the year, Orange, SFR and Bouygues have lost about 542,000 customers, cons 566,000 SIM cards earned by virtual operators. Long, these MVNOs have struggled to take off, remaining stuck on the 5% market share. In France, the number of virtual operators is generally the average of other European countries, but their relative weight remained below the European average (13%). To observers, the weight could quickly exceed 10%.

• Why market share has it difficult to take off?

At first glance, this growth remains weak. However, "at the time of their appearance there are 4 or 5 years, we would not bet on this rate of progress," an expert analysis of the sector.For cause, "the mobile market is marked by a certain inertia, with only 25% of subscribers who switch operators each year, for, most often spend an incumbent to another."

Especially since the captive customers of Orange, SFR and Bouygues is accentuated by long periods of time commitments (usually 12 or 24 months). With growth in the number of subscribers increases by a further 3 to 4% per year, "at the end, the MVNO capture each year between 9 and 10% of gross new subscribers," concludes the analyst. "In five years they have managed to build a position not so bad, with marketing means much more limited than those of larger operators."

• MVNOs are they a threat to Orange, SFR, Bouygues?

Certainly, the presence of these players has driven prices down, in a market long remained oligopolistic.However, network operators also have an interest in the existence of MVNOs, praising them as their network, and offering some of their services (voice, customer service …) they optimize the use of their infrastructure. They can also grow rapidly in population or niche clientele where they are still very present.Some MVNOs have indeed relied on population categories (geographic, cultural, ethnic, business, etc.). By taking control of the MVNO, the incumbent attracts new customers with offers less traditional but particularly well adapted to a particular population segment.

• The licensing 4G is it good news for these operators?

The terms of the call for tenders launched May 16 by the Ministry of Industry for the licensing of fourth generation (4G) to exploit frequency at very high speed, was a priori well received by MVNOs. They consider that the division of lots allows small operators to try their luck. However, unlikely that one of them decides to enter only the dance.Eric Besson, Minister of Industry, Energy and the Digital Economy, believes that "nothing prevents the entry of a fifth mobile operator (with Orange, SFR, Bouygues and Free ). But technically and financially, the operation would be a miracle.

"The ticket to a single lot on the frequencies in the 2.6 GHz band is 150 million euros, said an analyst in Paris. Now, a new entrant can hardly afford a single lot, as it would soon be limited in terms of throughput, and therefore very little competitive. " Moreover, beyond the high price of lots, the acquisition of licenses from a new entrant assumes that subsequently develops its own network, and thus it furnishes a hand in his pocket. For example, Free, who began to build its own 3G network after obtaining his license two years ago, has estimated its capital to 1 billion euros over five years.And this just for the antennas. Unless several MVNOs together to diversify the sector with network operators, only Free seems to be able to shake the current landscape.

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Lagarde defended in Europe to replace DSK IMF

Europeans, eager to retain the IMF's management after the departure of "DSK", begin to discuss openly the candidature of French, but the list of contenders is growing and emerging countries also want to have their say.

Sign of the Times, the New York Times did on Thursday the French Minister of Economy "the favorite" for the succession of "his friend and colleague, Dominique Strauss-Kahn to head the International Monetary Fund (IMF), never again led by a woman.

To succeed the CEO of International Monetary Fund who resigned after being arrested in New York on charges of sexual assault, "Ms Lagarde is one of the obvious candidates," said Swedish Finance Minister Anders Borg.He praised Thursday the "influence and experience" of his French counterpart.

German Chancellor Angela Merkel also support a bid from the French Minister of Finance reported Thursday leHandelsblatt citing sources close to the ruling coalition in Berlin.

In France, too, are many voices to highlight the qualities of Christine Lagarde. It would be a very, very good candidate, "and think the French State Secretary for Transport, Thierry Mariani. But "it will be difficult" because "it's not just France, alas, that dream of having the direction of the IMF," he admits.

A very solid reputation in Europe and beyond

According to a European source, "Lagarde has a very good profile, a very solid reputation in Europe and beyond."At 55, Christine Lagarde can highlight his impeccable English, his American experience crowned by the Presidency of the law firm Baker & Mckenzie business, and especially his driving smoothly at Bercy for the financial and economic crisis and French presidency of the G20. His supporters also emphasize his longevity in a department that has been for nearly four years and had seen a parade before her seven ministers in as many years. He praised the international stature of the regular at the World Economic Forum in Davos. Being a woman is an advantage, given the underrepresentation of women in international forums.

But after the case involving Dominique Strauss-Kahn, who prevented his third successive boss to finish his term, the IMF can he risk that the future occupant of the position of having to turn legal troubles? A French prosecutor Christine Lagarde recently threatened an investigation in a case linked to former businessman Bernard Tapie payday advance online. "We try to get dirty" she had said in an interview with Le Figaro. But the satirical weekly Le Canard chained fueled the controversy this week saying it had ignored several times in this matter the opinion of counsel of his ministry.

So far, the main interest will not tell if she is tempted by the post."Any application whatsoever, must come from the Europeans, who come together, all together," she was still merely said Thursday.

Now the governor of the Dutch Central Bank, Nout Wellink, sees "a great candidate" in another French: the president of the European Central Bank, Jean-Claude Trichet, who completes his term in late October.

Asia not united enough to push one of its representatives

In Germany, the press has mentioned several names, but the government did not knighted. It would indeed be conducive to Christine Lagarde, according to some newspapers. As for the Belgian Finance Minister Didier Reynders, he painted a portrait of the ideal candidate …like him furiously.

Debt crisis in the euro zone requires the Europeans want to retain the IMF's management, they are the main financial contributors and provides valuable support at this time in Greece, Ireland and Portugal. The European Commission has yet claimed Thursday a European candidate "strong and competent."

Since 1946, the IMF has been headed by a European, the Americans in exchange for getting the World Bank. An arrangement criticized in the world. "The time is gone when this important post was reserved for a European citizen," warned Brazilian Finance Minister Guido Mantega.

"The new emerging markets and developing countries must be represented at the IMF management, also said the spokesman of Chinese Foreign Ministry, Jiang Yu Asia does not seem united enough to push one of its representatives.At a recent meeting of the Asian Development Bank in Hanoi, many are even ministers expressed support for Christine Lagarde, Julius Caesar by Parens, an expert from the Institute for Monetary Affairs in Tokyo.

The Commonwealth of Independent States (former USSR minus the Baltics and Georgia) has decided to propose the head of the Central Bank of Kazakhstan Grigory Marchenko.

And many observers are betting on former Turkish finance minister Kemal Dervis, who has not yet declared.

(With AFP)

Slight decrease in advertising on TF1

After the rally of 2010, TF1 faces a more difficult first quarter of 2011. During this period, the private audiovisual group saw its turnover increase by 2.9% to 614.4 million euros. However, the advertising revenue of the antenna TF1 down 2.6% to 353.3 million euros, due in March and April in the semi-shade. However, this figure suffers from the comparison with the strong rebound in early 2010. Good news, the group's net profit jumped 47.9% to 48.2 million.

These results come at a time when TF1 faces another challenge: how to perk up its newscast of 20 hours, while there is the challenge of the presidential important moment in the life of a great chain. The launch on Thursday night, a political meeting monthly at 20 h 15 is the forerunner with this shortening of the slice info most ritualized television.Because as the campaign intensifies, "Word direct", hosted by Laurence Ferrari and François Bachy, head of policy TF1, will be more recurrent. Two years ago, France 2 was the precursor with a newspaper reduced to 25 minutes.

And indeed, for a little over a year, the differences between the two JT in terms of audience share is shrinking. In July 2010, it is also taken much for France 2 to outweigh the first private channel. Since the incidents are increasing. TF1 naturally continues its leadership, but now falls steadily below the four-point gap with France 2.For now, however, the average "20 hours" by Laurence Ferrari -27.6% audience share for the month of April, according to Médiamétrie-still higher than the channel TF1, which itself falls to 23.4%.

Financial strength

But the differential is less important than that between the "20 hours" of France 2, which shows an average 22% audience share, when the television channel France 2 as a whole does not exceed the 15% share hearing direct payday lenders.

Nevertheless, the power of advertising and financial TF1 still stands. Indeed, if the hearings "20 hours" are crumbling, the advertising market share in the chain has never been as strong as it reached nearly 55%."The point of no return will happen when advertisers will not accept pay for a hearing less than half of the advertising market share," said one observer.

But for Sebastien Danet, president of media agency ZenithOptimedia France (Publicis Group), "there is no disaster or industrial accident. TF1 remains commercially agile and can adapt its rates at the hearings. Bids are adjusted in real time. Moreover, given its power, remains an important interlocutor TF1 carried by the effectiveness of the media. "In fact, the authority has noted the erosion of the television news, since the prices of monitors have dropped by about 7 % on this time slot. Dominique Delport, the boss of Havas Media France, not far from thinking of himself: "TF1 rates in accordance with its audience. Moreover, few chains in Europe can offer advertisers an audience with 25% of a country.In addition, France Televisions had no screen after 20 hours, the performance of its JT are less strategic. "

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The CAC 40 lost on the week of 2%

Parisian investors remained very cautious this weekend. After playing with a yo-yo around the figure of 4,000 points, the CAC 40termine on a tentative increase of 0.10% to 3974.48 points. The market remains cautious, with a somewhat expanded level of transactions to 3.5 billion euros.

In London the FTSE-100 index ended on a sharper increase of 0.54% to 5996.01 points. The DAX index of the Frankfurt Stock Exchange also ended with a gain of 0.44% to 7178.29 points.

After opening in the green, the benchmark index in Paris was retaken in negative territory, before settling at 3969 points (-0.04%) in mid-session, uncertain before the publication of a series of macroeconomic statistics both sides of the Atlantic.Furthermore, the return on debt fears of countries in the eurozone, Greece and Ireland head resurfaced, while the rating agency Moody's has once again degrade the debt of Ireland, lowering two notches.

Yesterday, the CAC 40 dropped below the symbolic threshold of 4,000 points, accelerating losses in mid-session and closing down 0.90%, weighed down by disappointing figures for employment and inflation across the Atlantic and especially the fears about a possible debt restructuring, Greek, and the persistent inflationary pressures. Over the entire week, the CAC 40 lost 2.15%.

Asian stock markets have evolved in concert, all in the red after disturbing to Chinese statistics.

Dominant macroeconomic

In this context, corporate and macroeconomic news, very rich on Friday, has monopolized the attention of investors, especially with inflation thematic publications on the subject in the eurozone and the U.S..

Macroeconomic side effect, investors have learned from Paris 8:45 numbers of new businesses in France. In March, they rose by 11.2% over the month, according to figures released by INSEE.A total of 52.819 companies were created during the period, against 47,501 the previous month.

The Paris markets were then alert in the morning, the foreign trade figures for the eurozone in February, marked by a trade deficit of 1.5 billion euros in February, and those of inflation for the month March, revised up to 2.7% (against 2.6% before).

Overseas, the index of consumer prices, published by the Labor Department, up 0.5% from the previous month, seasonally adjusted data, unchanged from February, when the inflation on a month reached its highest level since September 2008.

The Empire State Index said was also expected: it appears to 21.7 in March and 17.50 against 16.90 expected by economists.Industrial activity in the State of New York in April saw its strongest growth this year and under-employment index is at its highest since May 2004, announced the Federal Reserve Bank of New York.

Other major U.S. index published on Friday, industrial production rose 0.8% in March, supported by the rebound in activity in the production of electricity and the strength of the manufacturing sector. Economists on average had expected a rise of 0.5%. Finally, the morale of American households began using this index of consumer confidence from the University of Michigan he moved temporarily to 69.6 for April, while analysts were expecting the decline.

After beginning the week down sharply, oil prices also encourages caution on the Paris exchange. It took off again for two days in the wake of a weakening dollar.In morning Asian electronic trading, a barrel of light sweet crude for May delivery took 38 cents to 108.49 dollars before settling at 108.11 dollars in mid-day. About 18 hours, it reached 109.42 dollars, up 1.19%.

As for currencies, the euro was down against the dollar on Friday. About 18 hours, the euro bought 1.4446 dollars, down from 0.28%.Monday and Wednesday, the European single currency reached 1.4520 dollars, its highest since Jan. 14, 2010.

A battery of turnover in the crosshairs

The side of values, the news is microeconomic richer because of early publication of the turnover of the companies under their first trimester no fax payday loan.

Penalized by the continuing crisis in the euro area, the banks, including BNP Paribas (-1.03% to 52.10 euros) and Societe Generale (-0.90% to 45.225 euros), weighed heavily on the CAC 40.Crédit Agricole lost 1.87% to 11.255 euros, thus completing the second biggest drop of the ACC behind Renault and Natixis 1.66% to 3.962 euros. The unexpected drop in quarterly earnings from Bank of America also weighed on the banking sector.

Conversely, L'Oreal (1.97% to 83.89 euros) signs the largest increase in the CAC 40 in front of Danone (1.76% to 48.595 euros).The latter has the highest gain on the week (3.71%).

Schneider Electric (-0.14% to 109.85 euros) tumbled 9.55% on the entire week. The group has repeatedly denied rumors of any rapprochement with Tyco International.

Sanofi-Aventis: + 1.35%, to 51.86 euros

The lab announced that clinical data from phase II and five years on its positive product alemtuzumab in multiple sclerosis.In addition, the group was looking to divest activities in the U.S. dermatology.

GDF SUEZ: + 0.52%, to 27.235 euros

A consortium of CNP Assurances (-1.32% to 15.36 euros) and the Caisse des Depots (CDC) conducts advanced talks to buy back 25% of GRTgaz, the structure which manages the pipeline of GDF Suez in France for 1.1 billion euros, announced the two parties.

Carrefour: -1.40% to 30.60 euros

The supermarket group has not convinced investors on Thursday confirmed its objectives for 2011, after a quarterly sales in line with expectations.Emerging countries (Asia and Latin America) have offset sluggish activity in Europe.

Alcatel-Lucent: -0.94%, to 4.113 euros

The group plans to sell its division of marketing of mobile and telecom equipment companies, said on Thursday from three sources familiar with the matter, confirming a report in the Wall Street Journal.

Total: + 0.08%, to 41.675 euros

The oil giant said Thursday a proposed purchase of half the capital Tenesol it does not already own at EDF, excluding overseas operations, in order to develop solar energy.

Assystem: -0.12%, to 16.63 euros

The group was in exclusive talks to buy back the family group of services to engineering MPH (90 million euros in turnover in 2010), allowing it to develop in the oil and gas sector.

Rhodia: 0.05%, to 31.315 euros

The specialty chemicals announced Thursday a plan to divest its activities Novacap salicylate and paracetamol.The title remains aligned with the price of the takeover offer (31.60 euros) launched by the Belgian Solvay April 4 last.

Pierre & Vacances: -4.05% to 60.10 euros

The group announced Thursday that bookings for its European division were "broadly comparable" to that of last year, after increasing its half-year sales.

Mercialys: -0.05% to 28.120 euros

Casino Land subsidiary, announced a 7.1% growth of its rental income in the first quarter to 35.9 million euros, up 5.0% in rents charged.

Stallergènes: + 0.19%, to 58.22 euros

The pharmaceutical company specializing in the treatment of allergies, has announced an increase of 12% of its quarterly revenue and said it could raise its growth target of 5 to 7% of its annual sales in light of its interim results .

Eiffage: -0.39%, to 42.96 euros

The Réseau Ferré de France (RFF) announced Thursday it had confirmed the final allocation to the group's contract to build the high speed line (HSL) Bretagne-Pays de la Loire, with a view to coming into force in summer .

Note that Aéroports de Paris (1.25% to 62.32 euros) will release the figures after market air traffic for the month of March.