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Despite the strong rebound on Wall Street Tuesday, Asian stock markets are unable to confirm their good performance yesterday morning. Including the Nikkei Stock Exchange Tokyo loose 1.07% to 8639.61 points, after opening up 0.78%.

Moody's has in fact degraded by one notch (to Aa3) Note the long-term debt of Japan due to the massive debt the country, aggravated by the earthquake of March 11. In the process, the U.S. rating agency also lowered the rating of a crazn debt of large Japanese banks (Mizuho Bank, Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking).Mizuho lost 0.89% to 111 yen in Tokyo Stock Exchange, Mitsubishi UFJ Financial loose 3.21% to 331 yen and Sumitomo was down 1.67% to 2172 yen.

Tokyo takes steps against the high cost of yen

While the yen regained some ground against the euro (110.52 yen per euro) and was stable against the dollar (76.70 yen to the dollar), the Japanese government also announced a series of measures exceptional to help companies: including facilities will be granted to them by creating a special fund of 100 billion dollars taken on the foreign exchange reserves to encourage them to invest abroad guaranteed approval cash loans.

Despite this, the export value, including automobile manufacturers, continued to decline in stock: Honda lost 2.28% to 2,311 yen and Toyota gave up 2.02% to 2707 points.

Chinese financial markets, the Hang Seng lost 0.81% to 19.714.50 points while the CSI 300 gained 0.35% to 2830.83 points.

As for other Asian financial centers, the trend is also mixed: the Taiwan TAIEX was down 0.11% at 7541.80 points, the Kospi Index in Seoul lost 0.61% to 1765.78 points and the FTSE Straits Times of Singapore gives 0.48% to 2752.01 points. However, the BSE Sensex 30 Bombay is stable at 16,502.90 points and the S & P / ASX 200 advance 0.23% to 4182.80 points.

Oil prices rise

Oil prices were up Wednesday morning during electronic trading in Asia, with Brent who was close to 110 dollars a barrel because of uncertainty about the situation in Libya. In morning trading, a barrel of Brent North Sea crude for October delivery gained 50 cents to 109.81 dollars. A barrel of "light sweet crude" for delivery in October was appreciating by 18 cents to 85.61 dollars.

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The Paris Bourse was hesitant at first. On Monday, the CAC 40 index opened down 0.85% below 3000 points. But the trend was quickly reversed. The benchmark index in Paris and flew from 1.46% to 3061.08 points in mid-session. 3000 points will retain the objective of the day. This threshold, which had escaped during the meeting with investors last week, was saved at Friday. This did not prevent the CAC 40 to close the day on a sharp drop of 1.92% and losing in five days almost 7%.

Furthermore, volatility is also important. In London, the FTSE-100 index, which started on a decline of 0.82%, now earns a 1.35%. Same movement for the Dax in Frankfurt bouncing 0.10% mid-term after losing more than 1% in the morning.

These policy changes reflect the concerns of investors about the state of the global economy.The United States also focused all fears with the publication of indicators increasingly mixed. This weekend, President Barack Obama admitted that his country was experiencing "a difficult, frightening recession." This should not reassure. He also accused the Congress to halt the reforms he wants to put in place to revive the economy. For his part, Vice President Joe Biden tried to reassure global stock markets and especially the Chinese, the first creditor of Americans saying the country would "never" by default.

Side the euro area, the problems of sovereign debt persist. As the political stalemate. Sunday, the German government has stepped up interventions in the media to reaffirm its opposition to European obligations, yet solution desired by the markets."The Eurobonds are quite the wrong response to the crisis of the moment. They would lead us to a union of debt and not a union of stability, "said Chancellor Angela Merkel who judges the cost of this mechanism is too high for the economy of his country.

Libya move

As in Asia this morning, so caution prevails, especially since no major indicator is in the program. Germany has lowered its forecast of budget deficit to 1.5% of Gross Domestic Product (GDP) in 2011, in a monthly report of the Ministry of Finance released Monday.

Growth is slowing for the fourth consecutive quarter in rich countries, that appears to + 0.2% from April to June compared to the previous three months, according to the Organization for Economic Cooperation and Development (OECD)."The gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, against 0.3% last quarter," said the organization in a statement Monday.

But investors expect a battery of statistics in the rest of the week including the manufacturing PMI for the euro area (Tuesday), the German IFO index (Wednesday), the weekly jobless claims in the U.S. (Thursday). Wednesday will be marked in France by the presentation of new conservation measures for the country to retain investor confidence and the "triple A".

Friday will be the busiest day with the second reading of U.S. GDP in the second quarter and the index of consumer sentiment.Another highlight of the week: the president's speech to the U.S. Federal Reserve Ben Bernanke, scheduled for Friday.

As for currencies, the euro rose slightly against the greenback. The single currency is worth 1.4419 dollars this morning. Oil markets, traders are watching to Libya where the rebels have entered in Tripoli. If pro-Gaddafi still resisting in the capital, rebel fighters have reached the Green Square, symbol of the regime. The fate of Colonel Gaddafi and therefore the oil-producing country seems uncertain. Seif al-Islam, presented in the past as the future successor of his father, was arrested.In morning trading, a barrel of "light sweet crude" for delivery in September gained 0.84% ​​to 82.95 dollars while that of Brent North Sea crude for October delivery of the territory ceded.

Values ​​to follow

Banking

The AMF may decide Friday, after the close of European stock exchanges, to renew its ban on short selling on financial stocks, but this time for three months. The sector also bounced unevenly on Monday after sharp declines last week, Credit Agricole gained 2.76% this morning before falling back slightly in mid-session (-0.29% to 6.10 euros).BNP Paribas gained 0.95% to 33.06 euros, however Natixis crumbles from 0.76% to 2.86 euros, and Axa, from 0.34% to 10.24 euros.

For his part, Frédéric Oudéa, CEO of Societe Generale (1.34% to 21.15 euros), said Sunday that the nervousness that penalizes banks Scholarships could last "at least until early November."

Paris airport: + 0.73% to 54.17 euros

ADP has registered a record passenger traffic in July, with 8.9 million passengers, an increase of 4.6% over the same period in 2010.

France Telecom (1.04% to 12.68 euros), Vivendi (0.69% to 15.39 euros), Bouygues (0.97% to 21.92 euros) Iliad (1.39% to 80.70 euros)

Some operators are preparing for the end of unlimited Internet access in homes for some clients.

Total: + 3.36% to 33.065 euros

Leading the CAC40, the title has hopes of a quick change of regime in Libya that would allow a reopening of the country's oil installations.

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The mining industry in developed countries is not quite dead. Yet the crisis of 2008 had seemed to him a fatal blow, after years of attrition caused by the scarcity and soaring costs of extraction. But today, the United States, the United Kingdom, Canada … mines reopened thanks to soaring commodity prices.

Chibougamau camp, north of Montreal, had not survived the collapse of prices and had to close in 2008 after fifty years of activity. But the soaring price of copper (+47% in one year), gold (+40% in one year) and money (113% in one year) has to hope René Galipeau, CEO of Nuinsco: "Hundreds of children left when the production was closed after years of operational and financial problems.But work on only two mines could lead to the reopening of the Chibougamau camp … and the return of minors to accelerate the revival of the region. "

Nuinsco group is not the only one who had this idea. Many investors would like to reopen the largest gold mine Bontddu UK (Wales). It must be said that the price of gold rose from $ 250 per ounce in 1999 to 1850 dollars lately!

Local authorities are sometimes hostile

"When we closed the mine, it had become too expensive to operate but with the rising price of gold, we are considering reopening the Clogau mine," Wales said Ken Jones, manager of marketing Clogau Gold jewelry company which owned the rights to the mine.

Other metals are benefiting from soaring prices.Thus, the largest silver mine in the United States will also open in Texas as well as the Chino Mine (copper) in New Mexico. In Britain, the last tin mine, South Crofty Mine, closed in 1998, remember to return to activity. The metal price has increased fivefold over the period (+51% over the year).

Nevertheless, we are still far from the great return of the mining industry. Two challenges are needed to interested investors: the financing of such a project (Nuinsco believes that it would require 40 to 50 million dollars to revive the Chibougamau camp) and agreement with local authorities, sometimes hostile projects. This is the case in South Crofty in England, where the community wants to build a recreation center on the site.

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Coq sportif gradually reinvesting its native lands of the Dawn, capitalizing on its image Franco-French. The sports equipment was reinstalled last year in Romilly-sur-Seine near Troyes – a few miles from Sodimedical, society in turn threatened to relocate – in the industrial cradle he was born there one hundred thirty years.

If production is largely carried out in Portugal, the group is established with the help of the town hall, a center of development of its textile lines in September 2010. "In this economy, every job is important!" Notes Eric Vuillemin, mayor of the town, who was involved up to 700,000 euros for the renovation of the site.Models of the brand are now developed, and to do that, fifteen jobs were created.

Flexibility

Like Rossignol, another French brand of sport with relocated, the move comes as part of the recovery of the group in trouble after its acquisition by Adidas in the 70's. 22 years after leaving France, the new owner of Adidas in 2005, the Swiss investment fund Aires, has chosen to focus its strategy on the high end and quality French.

By refusing to subcontract as the creation of other brands and product development, Adidas claims to have improved in quality and uniqueness guaranteed payday loans. "We control our now in-house research and development, what sets us apart from the competition," it is argued.Like many companies that have relocated, the brand is also pleased to have shortened the production time and thus become more flexible.

Fifteen new jobs created

Two advantages that should further strengthen next year. Because the group now plans to relocate for the first time a production unit in France, always in Romilly-sur-Seine. The new plant, expected to be operational in early 2012, will produce the high quality collections of the brand. Fifteen new jobs will be created.

This repositioning has been paying more. Profitable since 2009, the brand registered in 2010 a turnover of 89.8 million euros, up 8% over the previous year.While Adidas is still a small player in the sports equipment, compared to giants Nike, Adidas and Puma, Airesis stresses that its market share in footwear in France is increasing from 6% to 9% last year .

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Facebook announced Tuesday the acquisition of Push Pop Press, a publisher of books, multimedia touch pads co-founded by two former Apple Kimon Tsiteris and Mike Matas. Little known to the general public, the two men worked on the interface and software key on the iPhone and iPad.

Apple, Mike Matas has participated in the design of several interface elements of the iPhone, as the camera, the display of the battery and phone settings. Tsiteris with Kimon, he also worked on the mapping software for iPad."Mike Matas is responsible or has had responsibility for most of the best and most exuberant designs in recent times" at Apple, said the blogger John Gruber, familiar with the company.

Team Press Push Pop account other well-respected engineers in its ranks, as Austin Sarner, who worked for Sofa, publisher of software for Mac already bought in June by Facebook. On Twitter, the former head of the development of the implementation of Facebook for iPhone, Joe Hewitt, said he hoped "that the acquisitions of Pop Push Press and sofa style mean that Facebook is more like that of Apple that of Microsoft. "

An application for iPad

Facebook confirmed that some engineers Pop Push Press join its ranks, without specifying their assignment.Pop Push Press, who had noted earlier this year by publishing a book multimedia Al Gore for the iPad, will cease operations. "Facebook does not begin to publish electronic books, but the ideas and technology that are behind Push Pop Press will be integrated with Facebook," commented Mike Matas and Kimon Tsinteris. For example, to better present the interactive content, suggests the New York Times.

The future of Facebook application iPad was published in error last week.

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The outlook for the parent company of Airbus are rather positive. EADS confirmed on Friday its forecast for the full year 2011, with sales up 8% to 21.9 billion euros and operating profit (EBIT) of 720 million euros in first half of this year. The net result of EADS amounted to 109 million euros (compared to 185 million euros in the first half of 2010), or earnings per share of 0.13 euro (0.23 euro a year ago) . In the second quarter, the manufacturer posted a net profit of 121 million euros and a turnover of 12.082 million – up from data over the same period the previous year (82 million euros in profit net 11.35 billion in revenue).

The activities of EADS, however, impacted by a decline of 41% of net profit in the first half, to 109 million euros related to accounting revaluations following the change in exchange rates, the statement said the group. But the net cash position of the manufacturer, specialized in aerospace and defense of a $ 11 billion still provides a solid foundation to meet the operational needs of the group and fuel future growth, "said EADS Friday .

An exceptional increase in orders

"Our first half results in 2011 reflect the strong demand in the commercial aviation sector," said the executive chairman of the Louis Welsh, comment out the publication of the results of EADS.At Le Bourget, Airbus, the main subsidiary of EADS has reached a new record this year, orders for 730 commercial aircraft, including 667 A 320 Neo, remotorisée version of medium-haul Airbus, less fond of fuel paydayloans. EADS believes that Airbus should undertake the delivery of 520 to 530 commercial aircraft throughout the year, with a level of gross orders up to one thousand units. In the first half of 2011, new orders for Airbus amounted to 58.1 billion euros at the end of June the company has already earned 453.8 billion euros (at the end of 2010, total orders was 448.5 billion).

For all of 2011, EADS expects a stable EBIT before non-recurring items in 2011 compared to 2010, about 1.3 billion euros. Louis Welsh stated in particular that Airbus confirms its target of delivering about 25 to 380 in 2011.Moreover, based on the basis of an exchange rate of one euro worth 1.35 dollars, the European manufacturer hopes to earnings per share higher than in 2010, which was 0.68 euro. He also put on a significant improvement in its EBIT by 2012 due to higher sales volumes and improved performance of the Airbus A 380.

The title of EADS was in line with the trend of the CAC 40 stock market this morning, down -0.76% to 24.15 euros.

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After months of tensions, the thaw begins between Areva and EDF. Luc Oursel, the president of the giant nuclear conducted this afternoon in his first official friendly in its factory in Saint-Marcel, near Chalon-sur-Saone, the chairman of EDF, Henri Proglio. The symbol is strong. And the two heavyweights of the team of France's nuclear formalized their merger by signing three agreements "technical and commercial." The event was announced by The Tribune before being confirmed by the Minister of Industry, Eric Besson, who also visited the site of Saône-et-Loire.

Luc Oursel assured wanting to "write a new page" in the history of relations between Areva and EDF. For its part, Proglio said that "Areva is intended to be a major partner of EDF".

Specifically, these agreements should help to clarify the relationship between the two groups.They focus on "the pursuit of optimizing the EPR, increased maintenance of the park" and "the strengthening of industrial cooperation on the storage of radioactive waste." Described as "historic in some ways" by Eric Besson on France Inter this morning, they aim to "ensure consistency throughout the French nuclear industry."

"A willingness to cooperate more»

A fourth agreement should focus on optimizing the third generation EPR reactor, improved maintenance and operation of existing nuclear plants, to prepare for extending the period of operation beyond 40 years and the management of the Nuclear Fuel Cycle.

The date of its signature was not specified, but it should occur in September, according to a promise of college participants in the meeting.Which will complete the strategic partnership, called by President Nicolas Sarkozy in July 2010.

The two companies also intend to continue discussions on the development of medium-power reactor Atmea, in which EDF would not participate. But these discussions will lead to another executive that the contracts mentioned Monday.

Another point of interest between the two groups that was you today, the assumption of an equity investment by the electrician in the future mining subsidiary of Areva is "neither foreseen nor ruled out," says Eric Besson. "There is a current subsidiary of the Areva mining activity that had been recorded and we will see who will enter the capital," he said. The latter, however, said on France Inter does not "feel" at Henri Proglio will "particular" to enter the capital of Areva."I feel from Proglio a willingness to cooperate more with Areva, what we today RECORDED agreements very important, but I do not feel particular pressure at home to enter the capital of Areva" said he. No details were given about not e the two leaders after their meeting.

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In this July 14, time is not at the party to the Paris Bourse. While markets were able to recover, both in Europe and the United States, the problems of sovereign debt are the plunge again. The CAC 40, which started on a steep decline of 1.05% to 3754.57 points, stagnating at this level. At mid-session, it loses 1.21% to 3747.23 points. Same movement in the rest of Europe: the London Stock Exchange was down 1.07% to 5843.50 points and the DAX index of the Frankfurt Stock Exchange lost 0.89% to 7203.33 points.

Last night, the rating agency Moody's has attacked the United States. She threatens to lose its triple A country in the coming weeks if Congress fails to reach an agreement to raise the ceiling on the national debt. Failing such agreement, the U.S. could miss some payments on government bonds in circulation, she says.Moody's became the first of the three major rating agencies to place the note under review with the U.S. risk of a downgrade. Before that, the Fed chairman Ben Bernanke had been very concerned about. He reiterated Wednesday that "a failure of the United States on its debts, or its commitments to its own citizens, would create a major crisis."

This warning shot accentuates Moody's concerns over debt problems in Europe. Last night also, Fitch downgraded the sovereign rating three notches to Greece, CCC, B + cons before, dangerously close to the category of issuers insolvent. The euro zone continued for its part to be divided on the question of a possible failure of Greece, which should ultimately be decided next week at a summit of heads of state and gouvernemnet the 17 countries of the euro.

Proof of the strong market stress, Italy on Thursday issued nearly 3 billion euros of bonds maturing in 2016 and 2026 interest rates have reached record levels (4.93% for securities due 2016 and 5.90% for those maturing in 2026).

Inflation has stabilized in the euro area

In this turbulent macroeconomic environment, the indicators of the day should not influence investors. Inflation remained stable in June in the euro area to 2.7% year on year, as in May, said Thursday the EU statistics office Eurostat confirmed its preliminary estimate. Overseas are expected retail sales, the weekly jobless claims and business inventories.

On the currency side, the euro gained ground against a dollar under pressure after a warning from the rating agency Moody's. The single European currency is worth 1.4224 dollars against 1.4153 dollars last night.Oil prices are without direction, a barrel of "light sweet crude" for delivery in August lost a cent to 98.04 dollars while that of Brent North Sea crude for delivery the same takes 14 cents to 118.92 dollars.

Values ​​to follow

Banking

Degradation of Greece and the threat to the United States stirred sector. Societe Generale (-2.35% to 35.14 euros), Credit Agricole (-2.20% to 8.76 euros), Natixis (-2.02% to 3.20 euros), AXA (-1.53 % to 13.80 euros) and BNP Paribas (-1.51% to 45.81 euros) are all in dark red.

Stallergènes: 2.73% to 53 euros

The laboratory has revised upward Wednesday its annual target of revenue after a first half marked by a growth of 10% despite a disturbed environment.

BioAlliance Pharma: 1.68% to 5.45 euros

The group announced Wednesday that two of its drugs in development each had entered a new phase with the regulator allowing the biotechnology company to confirm the schedule announced for these two products.

Air France: -1.39% to 9.45 euros

Two minority unions of pilots, SPAF and Alter, called for a strike from 29 July to 1 August to express their disagreement with the draft "bases province" of the company.

Lafarge: 0.25% to 39.73 euros

The group announced Thursday a plan for disposal of plaster activities in Europe and South America for 1 billion euros.Lafarge says is in exclusive talks with the group Etex, based in Belgium.

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First day of opening of the Paris Air Show and business already struggling for their full long-awaited appointment of professionals. Before an audience of professionals in the aerospace, Nicolas Sarkozy called the area "to meet the challenges of globalization." "If we're not competitive, there is more than aviation industry, he said. There is only one possible strategy, the challenge of globalization by being more innovative, more creative and more competitive. "

The state has "a role" in the strategic industrial sectors, also recalled the president, referring to the "decades of public investment" in aeronautics and the level of credit facilities granted to the defense "despite the crisis ".So it is "no way" to abandon the research tax credit, assured Nicolas Sarkozy, adding that allocations of "20 billion euros of expenses" provided in the large loan will be confirmed "in a few days ".

• Boeing signed the first major order

Qatar Airways opened the show Monday orders. The airline, growing, has ordered six Boeing 777-300 long-haul aircraft ER for a list price of $ 1.7 billion. It already has 25 Boeing, including 15 Boeing 777. "The Boeing 777 continues to play a key role in our development strategy," said the CEO of the national airline of Qatar, Akbar Al Baker.
President Nicolas Sarkozy and Valerie Pécresse, Minister of Higher Education and Research, met the head of EADS, Louis Welsh.

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France and Russia have officially signed the agreement Friday for the sale to Moscow by the shipyards in Saint-Nazaire two helicopter carrier ship Mistral. The contract was signed on the sidelines of the forum in St. Petersburg in the presence of Russian President Dmitry Medvedev and the French Minister of Foreign Trade, Pierre Lellouche. "A page of history is being turned. For the first time that Russia is importing arms and the first time since the end of the Second World War that the West is selling a warship to Russia ", welcomed the minister, long known for its tendencies Americanophile.

The contract is valued at 1.12 billion euros, a sum that includes technology transfer worth around 220 million euros. In this case communication systems and the parameters of the ship.

Both boats will be built in Loire-Atlantique, which represents a workload of four years for about 1000 people. However, the Russians will provide from their own yards a part of the blocks for the final assembly, respectively 20% and 40% of the first and second vessels. In the case of metal parts.

To achieve this, both parties had to agree on the parameters of technology transfer, the most difficult negotiations. "All technologies promises were passed," said Anatoly Icaïkin, the Director General of the Russian agency Rosoboronexport arms payday loan. For its part, Paris minimizes the magnitude of these transfers, some of which were simply prohibited under the military conventions between France to NATO.The newspaper Vedomosti, France would still have agreed to provide the license to build a combat system called Q 9, provided that 80% of this sale is paid immediately.

Difficult negotiations

Doubts remain on the French side on the ability of Russian shipyards – older and suffering from under-investment – to be completed in due time their industrial obligations. A source close to the talks, the first ship to be delivered within 18 months and the second by 36 months. OSK shipyards, de facto controlled by the Deputy Prime Minister Igor Sechin, have the upper hand in the process of building the Russian side.

Meanwhile, negotiations are expected to open soon on the delivery of third and fourth boats Mistral, constructed mainly by Russian shipyards (60% and 80%).But this time Paris and Moscow are unable to announce any deadline for conclusion. The talks ahead even more difficult than those that led to the contract yesterday. It is not excluded that they may fail.

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