The CAC 40 starts sitting in the green

The CAC 40 starts the session in positive territory. The flagship Paris takes Index 0.46% to 3705.79 points. Markets welcome the extension to the head of the Fed Ben Bernanke. In choosing the U.S. Senate is also banking on a continuation of the current monetary policy, marked by very low rates. The news is welcome.

But the extreme volatility of the day calls for caution. Already at 10 minutes of opening the future of Paris showed an increase of 0.61% when they were -1.97% an hour ago … The day in Paris, the meeting was marked by the 'indecision. Opening up, balanced mid-session, then heavy fall at the close (-1.89%) ACC 40 do not know what direction to take. This Friday, the meeting should be similar.The closing in the red on Wall Street Thursday (-1.13%) doing nothing to fix things.

The Asia this morning ruled clearer. In Tokyo, the Nikkei ended in sharp fall of 2.08%. Furthermore, all financial markets in the region have followed the trend.

The markets will remain very nervous before the publication of a series of important statistics on Friday. The U.S. will unveil their highly anticipated first estimate of GDP for the fourth quarter to 14.30. At 15.45, the PMI Region Chigaco for January will be announced. Approximately 10 minutes later fall index of consumer confidence as measured by the University of Michigan (second estimate for January). As for American publications before market, Chevron, Honeywell and Mattel will unveil the fourth quarter.The day before, the number of good publications (Ford, AT & T, Procter, Colgate, etc..) Was used to support an increase in the CAC 40.

Before that, in Europe, markets will learn in 10 hours of the M3 money supply and credit to the private sector in the euro area. At 11 hours, they will know the rate of unemployment in the area and the first estimate of inflation for January.

Telecommunications on the alert

According to the Tribune on Friday, the mobile operators must pay at least 120 million euros for one of the last two blocks of frequencies available yet for the fourth license for 3G mobile freecreditscore . A follow therefore, the reaction of France Telecom, Vivendi and Bouygues Going into battle.Iliad, which has won through its subsidiary Free the fourth license for mobile telephony in December, will be observed.

The bank should also react to the reappointment of Ben Bernanke to head Fed. The Senate of the United States confirmed Thursday its new term as president of the U.S. central bank (Fed) for four years. Highly criticized by politicians for his supposed links too close to Wall Street, Ben Bernanke should ensure the continuity of the current system for rates. The announcement added that Chinese leaders in Davos that offer a monetary policy "more flexible depending on circumstances." The reaction of banking and finance sector is expected: BNP Paribas, Credit Agricole, Societe Generale, Dexia and Axa

JC Decaux on Thursday sales down 11.5% in 2009. This is less than expected.The group plans a return to organic growth in the first quarter.

Areva said Thursday sales rose 5.4% to 8.5 billion euros for 2009 and forecast in 2010 a significant growth of its backlog and its turnover .

Fleury Michon has also published its results yesterday. The group reported an increase of 8.8% of its turnover in the fourth quarter, to 138.1 million euros.

Carbone Lorraine also posted lower sales in the fourth quarter of 2009 but 17% said to have enhanced growth markets like Asia.

Beneteau said Thursday targeting a turnover up 20% in 2010-2011 and an operating margin of more than 9%. For 2009-2010, the group announced that its turnover is expected to grow by 17% to 771 million euros.The group will hold a general meeting this Friday at 14.30.

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The Paris Bourse widening losses

The fall continues at the Paris Bourse. After opening down 0.73% at 3779.24 points, the CAC 40 plunged more sharply in the red circles in the morning. Around 11.10 pm, the benchmark DAX index lost 1.37% in Paris to 3754.93 points.

And pessmisme wins all European markets.The London Stock Exchange fell 1.03% to 0.91% at 5179 points while in Frankfurt the Dax loose 0.89% to 5618 points.

"The results of U.S. companies in 2009, better than expected, are completely ignored by markets that focus on three issues: Obama and his banking project, the re-appointment of Ben Bernanke to head the Fed and the organization of economic slowdown China by the Beijing authorities, "said Xavier de Villepion, fund manager at Global Equities.

This decrease in the overall rating takes place amid concerns over banks, while in Davos, experts discuss the modalities of regulation put in place in this sector."Investors fear that they reduce their size or they are prohibited from carrying out activities on their own funds," says Alice Lhabouz, manager Turgot Asset Management.

The morale of French is improving but not market

The publication this morning by INSEE for stabilizing the morale of French households had no impact on investors. The moral of households has remained virtually unchanged in January, the indicator is measured taking 1 point to -29 points, sharply up from the lower reaches in late 2008 but still below the average of the last fifteen years.

From the industry side, INSEE also announced that "the balance of opinion on the overall demand in the fourth quarter picked up strongly, thus approaching its long-term average.For the first quarter 2010, demand prospects remain however below the average long-term view of industry expectations.

The corporate failures of August 2009 will, they are known in 12 hours. After Exchange, 18 hours, Pole employment must disclose the number of requests and offers of jobs in December. Internatinal level in any case, the International Labor Office (ILO) has provided figures on the depressing job in the world. "The number of unemployed worldwide reached almost 212 million in 2009 due to an unprecedented increase of 34 million compared to 2007, the eve of the global economic crisis," says the ILO.

In the United States, all are attentive to the conclusions of the Monetary Policy Committee of the Fed that interest rates will at 20:15.Before that, the U.S. will unveil the promises of home sales in December (16 hours) and the weekly oil inventories (16:30) Payday Loan for Bad Credit .

Risk arbitrage STMicroelectronics

As for values, STMicroelectronics reported Tuesday after market loss of $ 70 million in the fourth quarter, or 8 cents per share, against a loss of $ 366 million (42 cents per share) a year earlier. But this figure is below expectations of analysts. In exchange, however, the title is one of only 40 to the ACC receive up even very small: 0.02% to 6.10 euros.

All eyes will also be turned to Apple must introduce a new product on Wednesday the United States. It should be a new eBook reader electronic touch and connectable to the Internet.France Telecom (-1.01% to 16.69 euros) through Orange and Vivendi (-1.13% to 19.32 euros) via SFR should look at the new "toy" of the Apple brand.

Thomson (-1.13% to 1.05 euros) meets on Wednesday a special general meeting to discuss the restructuring of its debt and the adoption of its new name, Technicolor.

Spir Communication (-0.36% to 21.90 euros) on Tuesday reported a further decline in sales in the fourth quarter, down 11.4%.

Rusal, the Russian mining group, is listed first in Paris and Hong Kong. The group was not well received on the Chinese markets. He lost 10% in early trade.Investors have booked him in Paris the same cold reception: the title lost 11.35 euros to 17.65 euros.

Areva (+ 0.03% to 345.85 euros) and GDF Suez (-0.46% to 28.08 euros) would be full discussion for several months to conclude a partnership in nuclear power, confirming a report in Les Echos. Cependat No information has been taken in this regard.

Klepierre (-0.82% to 27.24 Euros) Tuesday announced a turnover in 2009 increased by 22.6% to 246.5 million euros.

AXA (-2.03% to 15.2 euros) recorded an increase of 11% of its turnover in 2009 to 24.5 billion euros.The growth was 14.5% in life insurance.

Inter Parfums (+1.56% at 18.25 euros) for its part, announced a turnover down 6.2% at constant rates for 2009 to 259.2 million euros.

M6 (-0.5% to 19.03 euros) Lafuma (equilibrium) must publish their figures for the fourth quarter after market close.

Eiffage (-1.10% to 39.60 euros) will publish its balance sheet in 2009.

Note that the banking and financials this morning are especially misguided: AXA (-2.35%, second worst performance of the CAC), BNP Paribas (-2.03%), Credit Agricole (-1.73%) and Societe Generale (-1.72%) saddled the index.

The remaining values to follow shortly …

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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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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.

Air France-KLM and Delta Airlines eyeing Japan Airlines (JAL)

The maneuvers began in the Japanese skies for control of Japan Airlines (JAL). Friday, CEO of Delta Airlines has announced that the SkyTeam alliance, which it is party (including Air France-KLM), was prepared to increase its offer of one billion dollars (670 million euros), released Wednesday at JAL to ensure that the competing Oneworld alliance. These bids were preceded by a discrete and intense lobbying effort.

Anne-Marie Idrac, Secretary of State for Foreign Trade, and the CEO of Air France-KLM, Jean-Cyril Spinetta, and have met the Minister of Transport of Japan, Seiji Maehara, early November, in Tokyo, in a given secret. The plan includes an investment of 500 million dollars of SkyTeam, 300 million guaranteed revenue from Delta and 200 million of funding also Delta.It follows the announcement last week by American Airlines, a partner in JAL Oneworld, a possible alliance with the investment fund TPG to invest 100 billion yen in the company.

In almost bankrupt

JAL, the dire financial situation aroused the envy of all foreign terror of the Japanese, but they do not yet agree. Foreign carriers wishing to seize the "slots held by JAL in Japan (60% domestic) and the rest of Asia. Implicitly, we imagine the ongoing discussions between the Japanese and U.S. governments for open sky agreements expected next year. "An open skies agreement in which the airways are traded either state to state but from airport to airport always gives a boost to traffic between its participants.It could make the Tokyo hub between the U.S. and Asia that has never been, "said a representative of a European airline in Japan. But the Japanese government remains reluctant to involve a foreign takeover of a national treasure.

An actor negotiations carried away: "Tokyo does not study the offers of foreign companies. They still think they will pull all alone! "JAL is the subject of trench warfare between the Finance Ministry, which maintains the company under infusion of public money, the Transport and that of the Industry. The parties have differing views on this issue, plus those of the pilots' unions (the company counts seven), who are asked to sacrifice pensions of their members.JAL The record was finally entrusted to a public body, the Etic, which has a staggering 1 600 billion yen (12 billion euros) to finance. It must make yet another audit of the company in January. During the fiscal quarter from July to September, JAL was losing 355 million yen per day.

"Japan Airlines seeks fresh money

The airline JAL in turmoil

EU puts pressure on deficits

The EU executive has asked yesterday in nine countries to reduce their deficit below the limit of 3% of GDP by 2013. In this group, France is in the company of Germany, Spain, the Netherlands, Austria, Portugal, the Czech Republic, Slovakia and Slovenia. Few States to escape the vigilance of the police budget in Europe. Belgium and Italy are ordered to comply with this requirement of the Stability Pact in 2012. However, both countries have a grace period: Ireland may wait until 2014 and Great Britain until April 2015 to reduce their deficits. Already, the France and Belgium, deeming these goals unrealistic, have questioned the relevance of the deadline. Both want an additional year to satisfy the Commission.Greece, regarded as a bad pupil of the European class because of an excessive deficit, may be punished more quickly than other states.

"Deficit: Paris ready for showdown with Brussels

The Paris Bourse revives higher

An hour before the close, the CAC 40 gained 1.4% to 3658 points. After a slow start, the markets have recovered and have stepped up their response to encouraging economic statistics across the Atlantic. CIT, specializes in financing SMEs U.S. said Sunday its investment under the protection of Chapter 11 of the Bankruptcy Act. With approximately $ 71 billion in assets, it is the fifth largest bankruptcy in history of the United States.

On the macroeconomic front, the increased activity of U.S. manufacturing accelerated more sharply than expected in October, the index of purchasing managers released Monday by the association ISM, which has established at 55.7% in October, against 52.6% in September.

Construction spending in the U.S. rose 0.8% in September, their largest increase since a year according to figures released Monday by the Commerce Department, while analysts expected a decline.

The values for the automobile

Peugeot (4.34%) grants itself the largest increase in the SRD, after the publication of the number of new car registrations in France in October. The PSA group saw its sales grow by 21.8% during the last month and 7.2% in ten months.Rival Renault ahead of 0.42%.

Faurecia (+1.51%) announced the acquisition of EMCON Technologies, an integrator of solutions for controlling emissions for passenger cars and Commercial Vehicles.

In contrast, Dexia has the highest drop in the CAC 40 (-2.85%). The European Commission gave its green light for an extension until the end of February 2010 government guarantees of Belgium, France and Luxembourg granted to Dexia.

The Public Utilities Commission of Maryland gave the green light to the joint venture of EDF (1.16%) Constellation Energy Group, under conditions including a payment of 110.5 million customers to the "utility "BGE by the end of March. Constellation Energy will invest 250 million dollars in BGP by late June

Sanofi-Aventis (0.32%) has asked a U.S. court to prevent Sandoz, a Novartis subsidiary to market a generic version of its anticancer Taxoter.

GDF Suez (0.88%) was prepared to see enter the Chinese sovereign fund China Investment Corp (CIC) to its capital.

Alstom (+1.67%) has won a contract for 450 million euros with Grosskraftwerk Mannheim AG for the provision of a new boiler and a new turbine for a coal plant in Germany.

Several publications of results, with mixed reactions

Unibail-Rodamco (-0.6%) announced a turnover of 1.198 billion euros for the first nine months of the year, up 4.4%.

The recurrent income of Gecina (2.72%) to nine months increased 25.8% to 277.4 million euros.

Altran Technologies (+3.5%) achieved a turnover of 327 million euros in Q3.

Pernod Ricard (-4.39%) expects a growth of rock between 1 and 3% for 2009-2010.

Belvedere (+0.03%) has published a turnover of 424.65 million euros in the first half of fiscal year (-26%).

"Pole or private employment, it is always up to you to find your job"

"Employment center is a facility that welcomes, as it can with the means at hand, the survivors of all stripes, many expect full support." As a result of the redundancy of his company last June, CATS1 unemployed for three months, benefited from the services of a private rehabilitation."It is woven a network, we have a work room where you can come to work every day in the office, many workshops, training, a consultant who takes from you, a" job booster you back morale, encourage you, help you prepare your CV, your letters, your interviews, you "leads" to make calls to your network, make contact with companies, "describes it, holding still to clarify that "as a job center, the outplacement firm do you find no job is for you to do the job."

Also pleased with the support by the private Patrice Fromholtz, manager of DEFI-JOB and head of Forum for the job, said that "employment center is ideal for seasonal jobs, student jobs, or baby-sitting, but when a candidate moves in a sector whose business application of specific and accurate knowledge, he should go through a private structure.

According to Patrice Fromholtz, candidates followed by the private sector would be more likely to find a job quickly, in line with their profile and expectations. "Many companies, frustrated by the candidates sent by center jobs, rely on private organizations for recruitment," says he.

"A stricter monitoring in private, to justify the bill"

According to the Internet Figaro.fr, discipline and presence are evident in private bodies.However, some share their experiences mixed and disappointing results. His furtive way by a private organization, has selected HubertBoissièr monitoring certainly tighter but privately, he said, seeks to "justify himself to produce his bill at the end of the month."

"Waste of time and make you physically serving no purpose, for there HubertBoissièr thus" little or no difference "between the public and private. "[The talks] could be replaced by appointment telephone or videoconferencing giving the possibility to increase the pace," proposing it.

For Flocon001, it is a matter "of public money distributed to private cons of wind," says she, after having been at the heart of an aberration, still remain unexplained: "On my return from maternity leave I returned to the ANPE.Then I learn that I had an interview with a private company which ANPE had sent my file. The company had a beautiful relationship … Except I've never been and never received any summons. Anyway, it was the day of my birth! "She recalls.

Find all the testimony and comments on: Pole employment or private structure, what difference to you?

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Oil has spent the 80 dollars

On Tuesday oil has exceeded the threshold of 80 dollars per barrel in the Asian market for a few hours before declining to 79.75 dollars, a level that had been achieved over the past year amid a weak U.S. currency.

"Once again, these spectacular gains have been driven so far mainly by financial factors and the optimism of the market rather than supply and demand, and consider analysts JBC Energy in Vienna. "We see no reason that would prevent the money back within the range of 65-75 dollars. The production capacity dormant reached 6 million barrels per day in OPEC countries, refiners receive very low margins, demand remains sluggish in industrialized countries, "they say.

The forward price of black gold has accompanied a sharp slide in the greenback against other currencies.The euro / dollar on Tuesday still flirts with the symbolic threshold of $ 1.50 for 1 euro to 1.4970 dollars exactly 12:00, always on levels 14 months ago, triggering a wave of purchases of materials materials.