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The financial strength seems clear on the business side rather than states. Illustration of the disastrous state of American finances, the new number one smartphone, Apple has nearly $ 76 billion in cash and U.S. 73 billion. This represents what the world's largest economy may still spend before reaching the limit of the debt secured by the U.S. Congress (14.294 billion U.S. dollars).

Apple has just completed a record quarter with increases of 125% in profit and 82% of its revenues.With a market capitalization of $ 362 billion, the group "at the apple" appears as the second wealthiest company in the world stock market behind Exxon Mobil and its 395 billion market capitalization.

While Republicans and Democrats are torn in several weeks on the issue of debt, U.S. companies their bets. "One reason why companies put so much money aside is that they want to shelter financially cope with financial uncertainties in the U.S.," said Laurie Simon Hodrick, professor at Columbia University . He added: "As long as the threat of default by the U.S. government continues, U.S. companies will have to pay any interest that way." The war chest of U.S. companies is estimated at 1.2 trillion dollars.

Danone delivers on its promises. Having returned earlier this year with its level of growth before the crisis, the world leader in fresh dairy products remains on course in the second quarter with an increase of 8.8% on a comparable basis. In the first half, its turnover reached 9.7 billion euros (+8.7%) for a net profit of 870 million euros (+3.4%). Allowing Danone to expect a growth of 6% to 8% for the whole of 2011. "All our businesses and geographies have been growing," said Franck Riboud, CEO of the group, half of turnover now comes from emerging countries, including the United States."We are on very strong growth trends, says Pierre-André Terisse, General Manager Finance, which makes us more confident than the rest of the year in a macroeconomic environment that is not simple."

The growth is particularly driven by the dynamic activity of water Danone (Evian, Volvic, Badoit …) which carries a record performance in the second quarter (+18.9%). Good weather in Western Europe and Latin America boosted sales, as well as the increase in demand related to the earthquake in Japan. And, in a general context of price increases related to inflation in the price of plastic payday advance lender.

Complex environment

The group's growth also comes from its activities in infant nutrition (+ 9.6% in the second quarter) and medical (8.7%).As for dairy products, including volume growth (-0.2%) suffered from the impact of the integration of Russian Unimilk, they benefit from the growth of its health brands (Activia, Danacol, Densia …). In Russia, its biggest market now in the side of France, Danone bets on the growing sophistication of use.

If Danone anticipate by a "major change in the trend in consumption" in the second half, the environment should remain complex. Faced with the continued volatility of raw materials, the group has already made half of its savings program of 500 million euros. Increased costs (milk powder, plastic …) is finally on the top of the range of 6% to 9% provided by the group, even though it now tends to stabilize.After price increases from 1% to 2% earlier this year, Danone does not resume using the "price leverage" in the second half if the cost of raw materials had to leave.

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M6 is a very good student of PAF. Without the weight of the club of Bordeaux, with poor results affect the activity, the group chaired by Nicolas de Tavernost successful in the first half, a clear round. M6 Group has grown from 6.2% of its total advertising revenue during the first six months of the year to 433.1 million euros. Advertising revenues from the flagship, the M6, with growth of 5.3% to 356.5 million euros. At the same time, the cost of grid, which is established in the first half to 159.9 million euros, up 2.3%. What free "operating margin of 31.4%, one of the best in Europe, up 6.3 points."

"Hearing in progress"

For the leaders of the audiovisual group, this performance is primarily advertising-related "to an audience up – 10.5% against 10.4% audience share a year ago." Similarly, the other group's advertising revenues rose 10.5% to 76.6 million euros.

However, the group as a whole must grant a 3% decline in its total turnover to 719.7 million euros, mainly due to poor performance of Girondins de Bordeaux – 40% drop in revenue – but also Income diversification and audiovisual rights, down 10%. This fall would be "100% due to the lack of video output of the Twilight", a new album which is scheduled for November. Finally, distance sales have also suffered, the market became more competitive with impacted by the economic crisis.Consumers would then become much more selective in their purchases on the Internet.

Yet the group's operating income rose 10.9% to 146.9 million euros. Similarly, net income was up 8.4% to 91.5 million euros. The M6 ​​can boast a net margin, almost unique in Europe, 12.7%.

Do not panic in financial markets. This seems to be the credo now senior U.S. policy makers after a weekend marked by new sterile discussions between elected Republicans and Democrats on the thorny issue of the reversal of U.S. debt. Twice since Friday night, the talks between the two sides have failed to unlock the status quo on the action to start to reduce the U.S. debt. With a huge debt ceiling set by law (14.294 billion U.S. dollars) was exceeded on 16 May, which could lead the world's largest economy straight into a default on 2 August.

Friday night, the country experienced a further escalation in the standoff between Democrats and Republicans, they refused to comply with the requirements of President Barack Obama.The Democrats call indeed now $ 400 billion of additional tax increases. A change of position is unacceptable, according to John Boehner, the Republican leader of the House of Representatives, while the two sides had previously agreed to a ceiling of one trillion dollars in additional tax revenue to reduce debt further Atlantic. Saturday evening, the President was therefore convened in emergency to four White House officials Republicans and Democrats in Congress for a new emergency meeting. But no more successful in negotiations, after 50 minutes of discussion.

Do not scare investors

The inability of both sides to agree on tax revenues and budget cuts necessary leads the U.S. on a slippery slope.Besides the risk of degradation by the rating agencies of their sovereign rating, the status quo would cause panic on world financial markets, barely recovered from the fears of the risk of contagion from the crisis of the Greek debt to other countries Europe.

U.S. officials are well aware, those who now wish to reach an agreement by Sunday evening before the opening of Asian markets. Rebuked by President Barack Obama, Congress pledged Saturday to present a plan to reduce the deficit within 48 hours to push the risk of lowering the country's sovereign rating. The fact is that beyond the tax revenues, the issue of budget cuts expected to be a problem. Democratic side, the president believes that the 1.6 trillion cuts represent an offer "extraordinarily fair".Republican side, these efforts remain insufficient to John Boehner, who wishes to bring to 3 trillion budget savings over 10 years.

Critical deadlines

Given the failure of talks between the president and elected officials of both Houses, the compromise could eventually go through further discussion within Congress. This Sunday, "the leaders of the Senate and House have agreed to return to Congress to speak to their groups and discuss the way forward. The conversations will continue all day "has said Jay Carney, spokesman for the president. For now, no new summit meeting is scheduled with Barack Obama, but on the other hand John Boehner also called for an early agreement.If a common ground on removing the ceiling on debt seems likely, no party could only be satisfied with this short term solution, and discussions on the reduction of public spending should be more difficult. And less than 10 days from the deadline of August 2, the deadline becomes every day a little more critical.

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In the wake of a decisive EU summit on the future of the euro area, the Paris market continues its march forward again on Friday, relieved by the solutions provided by the 17 member countries of the euro area to the Greek fire. Halfway through, the benchmark index in Paris advance frankly of 1.08% to 3857.94 points. Yesterday, the CAC 40 1.66% has already been awarded, going above the bar of 3800 points (3816.75 points), and welcoming the draft agreement the EU summit in Brussels which includes a longer the duration of loans in the euro area in need.The countries of the region have also yesterday on the table a new plan to help nearly 160 billion euros to save Greece and prevent contagion from the debt crisis, but at the risk of causing a default the country.

But market professionals united in the Association ISDA, the only decision maker of unlockable any insurance policies on debt Greek felt this morning that Greece is not in default. Faced with this decision, the advice of Fitch, who considers that Greece is "défauit restricted" does not undermine investor optimism.

These extraordinary measures were immediately relieved markets, notably in Paris or the Paris index had won more than 9% since the beginning of July.The agreement on debt relief, Greek, amounting to 350 billion euros at present, is still today applauded by investors, as well as the involvement of private banks in the device, even if the modalities of this participation to be defined.

On other European markets, the relief is essential. In London, the FTSE-100 was up 1.10% to 5964.57 points while in Frankfurt the DAX index itself to a more timid step forward from 0.64% in 7336 , 51 points.

Japanese support

The announcement Friday by Yoshihiko Noda of possible support from Japan also supports the upward trend this morning. The Japanese Finance Minister has in fact said on Friday that his country was ready to buy more bonds from the European Financial Stability (EFSF) if necessary.Japan has invested some 2.5 billion euros in the first three issues launched by the Fund since January 2011, to help Ireland and Portugal. The minister said Japan is ready to continue "at the same rate, if it can help stabilize the economies of the European Union."

The euro rises

This global expansion of the Greek fire, which had once benefited the euro yesterday, has not had any lasting effect on the foreign exchange market. At mid session on European markets, the euro was worth 1.4412 dollars, against 1.4417 dollars on Thursday night. In the wake of the announcement of the plan, the euro reached a peak Thursday at 1.4443 dollar. In terms of oil, oil prices start rising, supported by a European, but also by the announcement of the International Atomic Energy Agency (IEA), which has no plans to release a reserve again strategic.In morning trading, a barrel of "light sweet crude" took 28 cents to 99.41 dollars, after crossing at the meeting yesterday the 100 dollars. That of Brent North Sea took 23 cents to 117.74 dollars.

Macroeconomic side, some important indicators are expected on Friday. Orders to industry have increased more than expected, however, in May in the euro area, show the figures by Eurostat Friday. New orders rose 3.6% from one month to another in the 17 countries using the euro and 15.5% year on year. This morning, INSEE reported a sharp deterioration in the morale of French industry in July, the index fell from 110 to 105 a month.This announcement has not scared investors, the index remains above its long-term average (100 points), in which it had sunk in 2008 with the crisis do not exceed once again that the end of 2010 . Across the Atlantic, no major indicator is expected.

Bank stocks carry the greatest bull market

In the forefront of best performance, the banking sector is surrounded by this Friday, the day after the adoption of the European plan for Greece. Crédit Agricole (3.42% to 9.62 euros), Société Générale (2.24% to 39.08 euros) and BNP Paribas (2.43% to 50.11 euros) in net rise. Axa (1.56% to 14.64 euros) and Natixis (1.60% to 3.41 euros) are also well oriented.40 CAC Hors, Dexia wins 4.71%, to 2.15 euros.

The rating agency Standard and Poor's raised the rating a notch French TV group TF1 (0.99% to 12.80 euros), to BBB +, saying that despite the increase in sales shy , cost savings were being lead to greater profitability.

Accor (3.71% to 31.76 euros). The hotel group confirmed to be entered into exclusive negotiations with the catering giant Sodexo to give him the caterer Lenôtre. An enterprise value of € 75 million was used for the project.

Lafarge (2.11% to 40.58 euros). The French cement plaster will sell its operations in Australia in the group of German Knauf construction materials for 120 million euros. The operation, which will reduce its debt, expected to close before the end of the third quarter of 2011.

Sequana (-1.62% to 9.60 euros).The group announced half-year net income almost sixfold, to 35 million euros, against 6 million a year ago, and a turnover of 2 billion euros (+1.3% yoy pro forma), supported by higher selling prices last year. However, management has lowered its target EBITDA of "higher" to "close" to that of 2010.

Eurotunnel has published its interim results

Groupe Eurotunnel (-0.42% to 7.60 euros). The group has published interim accounts showing a net profit of 2 million euros over the first six months of the year against a loss a year earlier. Turnover increased 22% to 396 million euros. Management expects for 2011 an increase in EBITDA.

Air France-KLM (2.84% to 9.92 euros).The order of a hundred long-haul being prepared by the Franco-Dutch company will be shared equally between Airbus (EADS) and Boeing, La Tribune reported Friday. According to the newspaper, the board of directors of the Franco-Dutch company will review the draft July 27, before an announcement expected in September.

Schneider Electric (2.22% to 108.30 euros) announced a partnership with NVC Lighting, a small Chinese company which will take 9.2% of the capital, to strengthen in the Chinese cities of small size. Specialist solutions energy management also announced two acquisitions: that of certain assets in China Chongqing Enlin Electric, and of the Brazilian Steck, specializing in low voltage products.

France Telecom (1.40% to 14.47 euros).Orange has signed Thursday with Free (Iliad: + 1.46%, to 91.45 euros) an agreement to co-finance the fiber-optic networks to the Internet at very high speed, in about sixty cities located in sparsely populated areas and announced in active discussions with other operators.

Pierre & Vacances (stable at 58 euros). The group announced that its summer bookings for the quarter were ahead of last year on all its destinations, including the sea in France.

Bongrain said pressure on margins

Bongrain (1.29%, to 65 euros). The food group has reported an increase of 13.2% of its turnover in the first half, but warned that the sharp rise of raw materials created tensions on consumption and margins.

Somfy (-0.01 to 207.98 euros).The roller shutters specialist reported Thursday a turnover up 13.9% to 501.2 million in the first half, up 8.7% on a comparable basis. The strong demand in Germany and France ontéclipsé Asia the impact of the disaster in Japan, Europe and North and South that of British and Greek economic difficulties.

Vivalis (4.50% to 7.89 euros). The biopharmaceutical company, announced in the first half, a product of the ordinary activities of € 4.7 million, up 165%, and consolidated cash of 36.0 million at June 30, 2011.

Attackers threw their grappling hooks on globalization and trade well-oiled seizing between major economic powers. They are however only a few thousand around the world. Their method: ransom kidnapping of sailors and extracted the major world trade. They earn roughly a few hundred million dollars a year. But they cost between $ 7 and $ 12 billion into the global economy, according to the NGO Oceans Beyond piracy (OBP).

Nigeria rebel pirates, looters occasional Asian Seas … Of all the pirates around the globe, the Somalis are by far the most dangerous and costly. And for good reason, "with Kalashnikovs and rocket launchers rustic, they disrupt traffic in the Indian Ocean between Asia, the Middle East and Europe, representing 12% of world trade and 7% of flows hydrocarbons, "said Bertrand Monnet *, Professor of Risk Management at EDHEC criminals.In 2010, 238 million dollars in ransom was paid to the brigands of the sea in the Horn of Africa.

The CAC 40 has taken a few colors on Tuesday after his fall the previous day. The benchmark index in Paris closed with a gain of 1.21% but stumbling on the threshold of 3700 points to 3694.95 points. Monday he fell Monday to its lowest level this year with a closing down 2.04%. Same movement elsewhere in Europe: in London the FTSE-100 of the main values ​​gained 0.65% to 5789.99 points. For its part, the DAX index of the Frankfurt Stock Exchange climbed 1.11% to 7192.67 points.

Caution remains in order. Investors have not been convinced by the results of stress tests in Europe. They are now waiting for the meeting of Heads of States of the euro zone on Thursday to take stock of sovereign debt problems plaguing Europe. Greece and its possible non-payment should animate all discussions.This morning, Ewald Nowotny, a member of the Governing Council of the ECB, explained that some of the options for resolving the debt crisis involve a brief Greek "selective default" without serious adverse effects.

In addition to that date European markets monitor the evolution of the debate on debt in the U.S.. The Americans are unable either to agree on raising the debt ceiling of the United States, despite calls for unity of President Barack Obama. In this context, the New York Stock Exchange was also closed down yesterday.Asian markets this morning did not give either positive signs.

On Tuesday, investors watched barometer of confidence Zew, the primary measure of the expectations of German financial circles, which again dropped sharply in July, reaching -15.1 points against 9 points in June, according to the Institute of the same name. This is the lowest level since January 2009.

On the currency side, the euro is trying to take against the dollar. Around 11:00 in Paris, the single European currency was worth 1.4204 dollars against 1.4117 dollars late Monday. Oil climbs as well, investors taking advantage of prices driven down by concerns about the debt crisis in the euro area.In morning trading, a barrel of "light sweet crude" for delivery in August took 38 cents to 96.31 dollars and that of Brent North Sea crude for September delivery took 41 cents to 116.46 dollars.

As for values ​​to follow

Purchases cheaply in the banking sector

The banks of the colors found on Tuesday. Investors benefit from the fall of the last day to make purchases with it.Societe Generale (4.39% to 34.24 euros), BNP Paribas (2.91% to 44.90 euros), Credit Agricole (3.11% to 8.42 euros), Natixis (3.31 % to 3.08 euros) and Axa (1.98% to 13.14 euros) are in green.

The Financial Stability Board (FSB) will propose a capital surcharge from 1% to 2.5% for systemic banks ("Sifi") on Monday said Mario Draghi, the chairman of the Board and Governor of the Bank of Italy at a press conference stating that only the common shares will be considered for this overload.Moreover, the euro area has confirmed consider introducing a tax on banks to help Greece.

The technology sector, buoyed by the results of IBM across the Atlantic is also formatted with Alcatel Lucent (5.85% to 3.62 euros, the largest increase CAC 40) and Cap Gemini (3.79% at 37 , 66 euros).

Ubisoft: 8.84% to 5.91 euros

Ubisoft's action is supported by purchases on the cheap after the fall of 15.27% charged the day before because of concerns about profitability. "The title took a slap yesterday why it bounces so strongly, especially as the market trend today is rather a carrier," said a stock dealer based in Paris.

Hermes: + 0.43% to 221.70 euros

The group reported a turnover of 668.4 million euros in the second quarter, up 17.9%.It said it expects a sales growth of 12% to 14% on a constant throughout the year. Its 2011 operating margin should be close to the record of 2010.

Orpéa: + 2.38% to 33.78 euros

The group said Tuesday it raised its target for 2011 sales of 20 million euros to aim now 1.23 billion euros.Turnover was 594.2 million euros in the first half of 2011.

EDF: + 0.62% to 25.99 euros

The president of A2A said it would reopen talks with his French counterpart in the EDF file the reorganization of the Italian Edison.

Edenred: + 3.18% to 21.60 euros

The group announced an increase in its issue volume in the second quarter thanks to its strength in Latin America and improve its performance in Europe, linked to early signs of stabilization of activity in Central Europe.

Air France: + 1.62% to 9.17 euros

The seven unions of hostesses and stewards of the airline announced the filing of a notice of strike from July 29 to August 1 to demand the opening of negotiations on the organization of work.

Note that the share price Anovo was suspended by NYSE Euronext at the request of the group "until further notice."

After market, Accor and Manitou publish their turnover for the second quarter. Biomerieux and Land Walls will report their results over the same period.

François Hollande line breaks with the Socialist Party in the reduction of debt. The Socialist candidate for the primary aims to reduce "from 2013" the public deficit to 3%, one year before the date fixed in the official program of the Socialist Party, he said in an interview in Le Monde. It aligns well on the commitment of the Fillon government towards its European partners.

"We must rebalance our public accounts of 2013," that is to say, that date back to 3% of gross domestic product (GDP), he said. "We can not let stand the public debt at the risk of the burden of our interests in the country's first budget, which alters our room for maneuver, he said. Debt is the enemy of the left and France. "The Socialist Party has set its program a path of debt reduction more slowly, with a deficit to 3% of GDP in 2014 alone.

François Hollande joins the current objectives of Bercy. The Ministry of Finance shall reduce the deficit to 6% at end 2011 to 4.6% in late 2012 to late 2013 and 3% to 2% in late 2014. With such a policy, public debt would start to decline, according to the Government in 2013. All with a 2% growth in 2011 and 2.5% in subsequent years (the latter assumption being as optimistic by many economists).

Baroin criticizes PS

The statement by the Socialist candidate for the primary came as the euro area, particularly the Italian debt has again been targeted by the markets this week. France is so far immune to the shocks, welcomed the Minister of Economy Baroin in an interview with Le Figaro Magazine published on Saturday.The new host has de Bercy on the other hand showed severe with the socialist project: "It is irresponsible with regard to the preservation of our growth to provide a fiscal impact of an increase of 50 billion euros of taxes."

François Hollande asserts that tax reform will be his first, especially via the same scale for labor income and capital, a merger of the income tax and the CSG and the elimination of tax loopholes. "The candidate who announces that there will be no extra effort beyond 2012 will be a president who perjure themselves," he said. He also reiterated that he wanted to return to retirement at age 60 and he would vote against the golden rule, which aims to set a limit to the deficit in the constitution.

The rating agency Fitch has warned France in late May: the reforms undertaken in recent years, such as pensions, "have improved the outlook for public finances." But "further efforts will be needed to reduce the deficit to 3% of GDP in 2013, as agreed," she adds. In addition, it would be welcome, according to Fitch, that Paris set in the constitution the principle of balance of public finances and reduce its "structural rigidities".

Holland criticized the European delay

The candidate Holland is very critical of the strategies of Paris and Berlin in the rescue of the euro area. "France and Germany are missing," he Assen."Nicolas Sarkozy and Angela Merkel bear a heavy responsibility in the divorce of the Franco-German because the euro zone can only work if there is a total concordance of views between the two countries that represent over 40% of its economic power. "

France and Germany are divided on how to share the burden of the second aid package to Greece with the banking sector. Which blocks the negotiations and feeds the nervous markets. A crisis meeting to be held on Thursday between the finance ministers of the euro area. But the plan should be finally adopted in September, at the next summit between the Heads of State and Government in Europe.

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Leo Kirch, one of the biggest media moguls German, died Thursday in Munich at the age of 84. For fifty years, this son of a humble winemaker Bavaria built a sprawling group that, until his resounding failure in 2002, has continued to shake Europe's media. Even in May, this devout Catholic, who had kept the headquarters of his last activities – Constantin Medien AG and its management company KF15 – a few blocks from the cathedral of Munich, made headlines in the trial as opposed to the Deutsche Bank. Known for his fighting spirit is in a wheelchair he made his last public appearance to claim to the bank 3.5 billion euros in damages.He accuses its former CEO, Rolf Breuer, have precipitated the collapse of his empire in 2002.

An empire in its heyday had 10,000 employees and was a pioneer in the trading of sports and cinema rights and the emergence of pay TV in Europe. In acquiring the rights to credit La Strada, Federico Fellini, Leo Kirch has the intuition, in 1959, the contents will be the black gold of the emerging market of media. Rounding up the rights of the American box office and what is the best in Europe in terms of cinema, the man finds himself at the head of a catalog of 64,000 hours of programming which ensures a quasi-monopoly marketing rights in Germany and a prominent place in Europe.

With this heart of business housed in the structure of Kirch Media, Leo Kirch between the mid-1980s, capital of Axel Springer which will hold up to 40%.A raid that the group in Berlin will not forgive him.

Football rights

At the same time, he founded the group of private channels Sat 1. The latter will become the group ProSiebenSat 1 in 1997, when the IPO of the empire. For he that was nicknamed the "Ogre Bavarian 'needs funds to achieve its second major gamble: the control of sports rights in Europe. In Focus rights of German soccer but also those of the World Cup and in 2001, those of Formula 1. His critics accuse him of having, between 1998 and 2002, multiplied by the broadcasting rights … 40.

At the same time, Leo Kirch, nothing seems to stop, began by buying pay-TV Premiere, now in the lap of Rupert Murdoch. It must be said that this man secret, a great lover of art, is also a close to the government and a friend of Chancellor Helmut Kohl.For many conservatives, it is the counterweight of the "red" Reinhard Mohn, who heads the group Bertelsmann.

But in early 2002, the luck changes: first is a failure and the amount of the group's debt – 6.5 billion – the banks panicked whistle stoppages in play Legend has it that at the time of bankruptcy Leo Kirch has said: "What God gives God back." A good word that did not prevent him in 2007 to build three billion euros to recover the rights of the Bundesliga. While stopped by the office of the cartels, Leo Kirch, though ill, will continue to conduct its business. For as he liked to say "What matters is not to fall seven times but get up the eighth."

Once is not custom, financial markets can thank a rating agency. As Italy prepares to implement its austerity plan of 40 billion, Fitch believes in a note that the country should keep its deficit reduction targets.

But it is especially reassuring Ben Bernanke that allow the Cac 40 start from the front. The president of the U.S. central bank said the Fed was ready to act if the U.S. economy was weakening. Tuesday night in the U.S., the Fed has shown itself divided on the solutions to boost economic recovery.

Having procrastinated until now, the Cac 40 shows a slight gain of 0.30% to 3785.53 points. Same atmosphere on other major European markets: the FTSE-100 index advances 0.35% at 5889.22 points and the DAX index gained 1.20% to 7260.49 points.

Caution remains the watchword.Aware of the seriousness of the situation, officials confirmed on Tuesday their "absolute determination to maintain financial stability in the euro area."

Lower start-ups in France

On the macroeconomic front, China's GDP has slowed slightly to 9.5% in the second quarter, less than analysts expected (9.4%). Retail sales in the country rose 16.8% in the first half and industrial production gained 14.3%.

In Europe, industrial production in the euro area rose by 0.1% in May from the previous month, according to data released Wednesday by the EU statistics office Eurostat.It increased by 0.4% in the entire European Union.

In France, the number of start-ups fell by 10.8% in June from the previous month, after a sharp rise in May (29%) announced Wednesday the National Institute of Statistics (INSEE) . This brings out the creative self-entrepreneurs, adjusted for seasonal variations and the number of working days.

As for currencies, the euro has stabilized at 1.4061 dollars against 1.3974 dollars late Tuesday while oil drops. In morning trading, a barrel of "light sweet crude" for August delivery lost 41 cents to 97 on line pay day loans.02 dollars.Credit Agricole gained 0.84% ​​to 8.99 euros, Societe Generale of 0.19% to 36.20 euros, BNP Paribas 1.17% to 47.50 euros.

L'Oreal: -3.70% to 84.64 euros (largest decrease in the ACC)

The group announced a revenue increase limited to only 0.9% in the second quarter due to lower sales in North America and Eastern Europe.

Suez Environnement: + 1.48% to 13.39 euros

The group announced Wednesday it had obtained the renewal of its water contracts with the towns of Agde (Hérault) and Orléans (Loiret) and winning the part of the urban community of Rouen (Seine- Maritime).

Michelin: + 0.68% to 64.68 euros

The group has set up a multi-currency revolving credit facility of 1.5 billion euros.

Total: -0.40% to 38.67 euros

The oil company confirmed opt-out of the Consolidated Global Profit (BMC), which does not provide any tax benefit.

Sanofi: + 0.02% to 54.22 euros

The group and the American Regeneron Pharmaceuticals announced Tuesday that their experimental treatment Sarilumab allowed to show signs of improvement in patients with rheumatoid arthritis.

Auplata: + 1.13% to 2.68 euros

The group hopes to produce up to one ton of gold per year by 2014-2015 with a new plant is expected to increase the performance of its mines in Guyana, its president said Tuesday.

Belvedere: + 3.64% to 53.22 euros

The group of spirits and its CEO have been ordered to pay substantial fines by the disciplinary committee of the AMF for failing to inform the public and also for price manipulation in relation Rouvroy Jacques.

Tuto4PC. com Group: -6% to 5.95 euros

The title of Tuto4PC. com Group, the French specialist in display advertising on the internet was changing down sharply Wednesday morning on the first day of its listing on the Paris Stock Exchange, having already faced the warmth of investors before its introduction.