World and National News

The index futures Standard & Poor's 500 and Nasdaq 100 fell back modestly, respectively, from 0.04% to 1049.40 points and 0.17% to 1770.75 points in mid-day. The Dow Jones is projected to open in tiny drop of 0.06%

The U.S. stock market could then recover a bit, after falling heavily on Tuesday night. They have been depressed by the announcement of resales of existing homes to a record low. The Dow Jones has sold 1.3%, barely above the 10,000 points, to 10,040.45 points exactly. Fears of a slowdown in economic activity grows with each new bad news in that order. Especially since U.S. growth should be revised down sharply on Friday.

Meanwhile, on Wednesday, the new macroeconomic indicators should be more optimistic than yesterday. Sales of existing homes could well rebound.Orders for durable goods may for them be more frank increase in July. An increase in relative terms, however, because it will rely heavily on transport, especially for orders received in July, at the last Farnborough Air Show (47 billion dollars in one week).

As for values, technology, which derive from several days down the coast, remain controlled. Especially since they are also often at the heart of big mergers and acquisitions.

Investors keep an eye on Cisco (-2.5% Tuesday in closing) and Dell (-3%), penalized by expectations of raising its bid for 3PAR.The maker of data storage systems has announced on Tuesday he gave three days at computer maker Dell to revise upwards its bid after bid "probably higher" Hewlett-Packard ( HP).

The saga of the hostile takeover of mining giant BHP Billiton (which today presents its annual results, with net profit more than doubled in 2009/10 to 12.72 billion dollars) on the King of Potash Fertilizer in search a white knight bounces. The U.S. stock regulator, the SEC said on Tuesday the freezing of financial assets of two Spanish, one part of Banco Santander, on accusations of insider trading in the attempted takeover of Canadian fertilizer producer Potash mining group BHP Billiton.On the occasion of the presentation of its accounts, however, BHP Billiton is used to calm speculation the event of any significant raising its hostile bid of 39 billion dollars (30 billion euros) Potash fertilizer leading manufacturer in the world, despite the magnitude of his war chest.

The U.S. computer giant Apple is close to a deal with media companies Disney and News Corp., parent company of TV channels, Fox series to offer their rent on iTunes, said Tuesday the New York Times.

Campbell, world number one soup, advances in its acquisition of Britain's United Biscuits, and more specifically, its branch Biscuits, which represents three-quarters of its business.

The French insurer Groupama has released disappointing interim results. Its net profit reached 127 million euros, down 23.6% YoY. The group accuses the shock of the storm Xynthia and high volatility on financial markets.

Its combined ratio of activities damage (sum of management fees and cost of claims in the total premium income) deteriorated to 104.5%: insurance costs thus exceed the premiums. This poor performance is explained by the ravages of storms, but also by the increase in automobile accidents.

Groupama maintains its ambition to achieve by 2012 an operating profit of 700 million euros. In the first half of 2010, this result was limited to a modest 179 million euros."Programs to improve the operational performance will continue during the second semester," pleaded John Azema, CEO of the mutual group.

Groupama has been preparing since early 2006 to go public. The operation would be launched following a major acquisition. Acquisition, still awaited. The time of the introduction has not yet come, but the operation remains in the long-term strategy of the mutual insurer, however, provides the CFO Christian Collin.

In the wake of Wall Street and especially the severe downturn in Asian indices this morning, the Paris Bourse is scheduled to begin the session in negative territory, a significant decline of 1.64% by the indices "future" of 8:15. Yesterday, Wall Street indexes ended the session closest to their equilibrium level, the wait was put before the publication of the ISM index, the employment figures and results for the second quarter. Volumes were particularly weak as well.

In Asia, markets are more active, but the trend is downward path including a decline of nearly 1.5% for the Nikkei, shortly before the closing. Nippon index is penalized by a round of disappointing indicators released in Japan early this morning. The strong yen also affects Asian indices.

Moreover, the euro fell back this morning against the dollar and 1.2258 dollar deals to 8:00.In terms of indicators, the INSEE published this morning at 8:45, the survey of consumer confidence survey for the month of June And in the euro zone economic confidence in the month of June will be unveiled at 11:00. On the other side of the Atlantic, housing prices will be released 15 hours, Paris time and consumer confidence in 14 hours.

EDF and Total in Christian Estrosi

As for companies, investors will pay close attention this morning to headlines EDF and Total. Indeed, leaders of the two heavyweights of the Paris stock exchange will be received this morning by the Industry Minister Christian Estrosi to discuss the future site of Dunkirk No faxing payday loans.

Still in the CAC 40, the general meeting of the Accor group's disintegration should also be well attended.

The eyes will also towards the group's title parapetrolic Technip. The latter will pay 338 million dollars (275 million euros) to settle a dispute with U.S. authorities on suspicion of having bribed Nigerian officials to win contracts in Nigeria, said Monday the Justice Department.

Moreover, as Saint-Gobain might react after the announcement of the sale of his division advanced to the American Ceramics CoorsTek for 245 million dollars (199 million euros).

In addition, Suez Environment has launched a bid on Aigües of Sabadell, a Catalan company of water treatment.

Finally, Etam, a specialist in ready-to-be bought a little over one quarter of its capital amounting to 99.2 million euros. The operation follows a major shift in strategy and a plan of reorganization."It's time to provide liquidity to our shareholders who do not want us in this strategy," says management. This title will buy "no significant impact on the control of the company," says Etam.

The 2009 winter was mild for the group Club Mediterranee. During this semester, the first of its 2009-2010 fiscal year, the leisure group has indeed returned to profitability, generating a net profit of 3 million euros. Last year at the same time, he posted a loss of 22 million euros. The group's turnover shrank by 5.5% during the winter of 2010 compared to the same tourist season in 2009. This decline reflects a market "sluggish" and the impact of the ash cloud reached by the volcanic eruption in Iceland, which paralyzed air traffic in April, the company said in a statement released Friday.This damage has impacted the group's net profit amounting to 5.6 million euros, 3.7 million euros on operating income of the business village, which stood at 28 million euros over the six low fee pay day loans.

Club Med said it will accelerate its development in China this year, reaching 30,000 customers in the country and become "the leader are high quality vacation all inclusive. Chinese customers has grown 40% in winter 2010 compared to the same period in 2009.

The Summer is also favorable for the group. Welcomed the results of winter, Henri Giscard d'Estaing, the CEO of Club Mediterranee, underlines that "the level of bookings was already showing the number of customers higher than last summer due to late booking.Bookings have increased 18% and over the past eight weeks. However, they remain "in line" with the level of bookings at the same time last year.

How far interest rates will climb Greek? They have reached record levels on Wednesday, the highest since the entry of Greece into the euro zone in 2001. By mid-afternoon, the yield (rate) of the obligation Greek 10 years was 7.096%, 6.976% against the previous day. They even reached 7.176% to 12.30.

Yields move away so the Greek benchmark, the German Bund, the gap between the two is widening to 400 bps (4 points). At the same time, the cost of insuring the debt of Greece, which evolves according to the rate, found levels of February, 400 points mid-afternoon, according to Markit surveys.

The weakening euro

Leaded by the Greek distrust of debt, the euro fell as well. Around 13:30 it was trading at 1.3346 to the dollar, after falling to 1.3326 dollars one hour earlier.Reached a floor more since the announcement of a plan of European aid for Greece, on March 26 last.

The markets react since Tuesday in part to a report released that day lending to Greek leaders intend to negotiate the terms of any financial assistance from the EU and IMF. Despite an immediate denial from the authorities of countries, markets have overreacted to information.

IMF teams arrived Wednesday morning in Athens to provide technical assistance to redress public finances. Their mission will last two weeks. The budget deficit, also revised upward, to reach 13% of the GDP against 12.7% of the initial estimate used as the basis for projections of the annual budget fast cash advance.But news of Greek economic, fiscal deficit for 2009 is revised upwards and could reach 13.5% or 14.3%, according to the newspaper Naftemboriki.

Economic forecast not reassuring

This renewed tension on the market does not bode well for the country that has yet to find 20 billion euros by the end of May to repay debt is estimated at 300 billion euros, or 113% of GDP. Macroeconomic statistics are not reassuring either. According to the European Commission, the economy needs to contract by 2.5% against 2% initially estimated.

Asian investors, including Chinese and Japanese funds, show little enthusiasm for the idea of buying Greek bonds. George Papaconstantinou, which announced its intention to borrow dollars, must travel to the United States after April 20 to find new potential buyers.

In this context, Greek banks, whose notes have been degraded in recent weeks and who face capital flight, have requested further financial assistance to the government. They want to benefit from funds remaining from the support plan, or about 17 billion euros, said the Greek finance ministry.

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Hesitation waltz at the Paris Bourse. The CAC 40, which opened in the green in the wake of Wall Street erases most of its gains to move around equilibrium midterm, just above the 4,000 points, he found the day before. The index symbolically Paris advance of 0.01% to 4001 points.

The trend is also vague on other major European markets. In Frankfurt, the Dax as grapppille ACC 0.01% at 6157.7 points Monday after reaching its highest level since September 2008 while in London the FTSE slips 0.09% at 5705.5 points.

The figures in France

INSEE released at 8:45 the detailed national accounts for the fourth quarter. The GDP grew Hexagon as previously estimated 0.6% in the fourth quarter. On the year, growth fell by 2.2%.

Household consumption grew by 1% over the last three months of 2009.Purchasing power has slowed (+0.2% against +0.5% in the third quarter), but rose by INSEE of 2.1% throughout the year.

Moreover, the number of starts of new homes in France fell 12.8% during the months from December 2009 to February 2010 compared to the same period a year ago, and the number of building permits has folded by 14.3%, said Tuesday the Department of Ecology.

Across the Atlantic, all eyes will be on the S & P / Case-Shiller housing price, to be published 15 hours. An hour later, consumer confidence will be unveiled in March.At 18:30, the economic advisor to President Barack Obama, Paul Volcker, will speak at the Peterson Institute.

But the main highlight of the week on the macroeconomic level is expected Friday with the release of monthly statistics of unemployment in the United States.

The Multaq Sanofi recommended in the United Kingdom

EDF (+1.69% at 55.77 euros) is leading the largest increases of ACC 40.Merrill Lynch raised its price target to 47 euros, against 45.4 previously, and reiterated its buy advice, believing that the future law on opening the electricity market should "significantly improve the visibility" on the active French EDF payday loans online.

Sanofi-Aventis (0.50% to 41.25 euros) announced Tuesday that the National Institute for Health and Clinical Excellence (NICE) has released a new report evaluating the medicine of the future, the Multaq in which the Institute expressed its intention to recommend the use of this drug for the treatment of patients with atrial fibrillation. The drug for heart disease from Sanofi-Aventis had been considered "poor" by the Commission on transparency in France, which had sealed the title of the pharmaceutical company.

The TGV Tours-Bordeaux Vinci

On Tuesday, investors have taken note of the happy elect of the draft Tours-Bordeaux TGV. Vinci (+1.45% at 44.11 euros) won the tender for the contract by more than 7 billion euros against Eiffage and Bouygues.

Wendel (-2.83% to 44.91 euros) announced a net loss of 809 million euros in 2009.The net asset value has doubled since 2008 and stood at 56.9 euros per share.

Vranken Pommery, it said net income Group share up 7.8%. The group spiritueuxversera Champagne and a dividend of 1.15 euro. The title wins 2.50%, to 30.75 euros.

Pre-market Transdev, whose merger with Veolia Transport should be completed in the second half of 2010 will hold a press conference presenting the results and balance sheet activity in 2009. Veolia wins 0.44% to 26.11 euros.

On Tuesday, will also be held a hearing at the Commercial Court of Paris on Natixis (+0.20% to 4.02 euro).Minority shareholders, united behind the consultancy Deminor have assigned the bank in early January for "spreading false, misleading or deceptive on the prospects for Natixis in its creation.

After Hours, the annual results 2009 Neopost (balance) will be published.

Like the Paris markets, U.S. stock markets opened in green on Friday, supported by the employment figures less bad than expected. The United States has in fact lost 36,000 jobs in February than in January and the unemployment rate the country has remained stable at 9.7% this month, according to the official report on employment released on Friday, while analysts expected a decline. The Dow Jones advance of 0.36% at 10,482 points, the S & P 500 rose 0.46% to 1128 points and the Nasdaq's 0.46% to 2303 points.

U.S. investors are reassured by the Prime Minister's announcement that China has promised a 8% growth for China this year.Thursday, Wall Street closed higher on a comfortable, supported by bearings recommendations.

In addition to the employment figures U.S., those of consumer credit in January, will be published in 21 hours.

As for currencies, the euro fell sharply Friday against a dollar backed by the release of employment figures in the United States, and reassuring the operators on the strength of the recovery of the world's largest economy now payday loans .

The company announced Wednesday it had granted Bausch & Lomb the exclusive worldwide rights of NCX 116, treatment of glaucoma and ocular hypertension, for a total of up to $ 169.5 million.

In exchange, investors reacted immediately: the NicOx shares rose almost 6%. Rebelotte Thursday with unehausse of 5.7%. Thus, actions cotent at closing 5.92 euros. The bar is close to EUR 6.

However, the exchange price is still below its levels there are still four months (the title was worth ? 7.9) or June 2009 (it was over 10 euros) … or all of its first steps on the Paris stock exchange (the record stands at 39 euros). It was late 1999.

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Coup de theater in the German software company SAP. After learning, during a supervisory board that his contract was not renewed, the CEO, Leo Apotheker, has resigned with immediate effect Sunday night. He will be replaced as head of the group by the duo Co-CEOs Bill McDermott, who heads the field organization, and Jim Hagemann Snabe, responsible for product development.

"The new organization's executive committee will allow SAP to better align product innovation and customer needs.The new team will continue to lead SAP's strategy and focus on profitable growth, while offering innovations delivered in the course of 2010 to enhance the leading position of SAP in the market for enterprise software " says Hasso Plattner, co-founder and chairman of the supervisory board of SAP, in a statement no credit check payday loans .

Leo Apotheker was at SAP since 1998 and only the head of the company since April 2008. He is the founder of SAP France and was appointed Director General before the departure of his predecessor, Henning Kagermann, to ensure a smooth transition

He reproached his communication internally and externally and does not reflect the views of customers in its strategic choices.Especially, the directors have endorsed the delay by the group in the development of cloud computing, which is to enable small and medium-sized businesses access to software not installed on their networks, but via the Internet.

SAP reached in 2009 net profit down 4% to 1.8 billion euros.

A conference call will be broadcast on Monday at 14.30.