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The economy continues to create jobs. The companies have created positions 35.5000 fourth quarter of 2010, representing an increase of 0.2% of employment, whichever comes first estimate of employment issued Friday by the INSEE. Dynamics on the labor market has increased over the third quarter, 19,200 jobs were created from July to September. The latter figure has also been divided by more than two compared to the first estimate, which stood at 44,600.

The figures for the fourth quarter were driven by the interim as in the previous period, which represented over two-thirds of new posts, or 24,000 jobs. This represents an increase of 4.2%, similar to that of the three previous months (+4.1%).

The service sector is the only one that shows job growth in the fourth quarter, up 0.4% or 48,400 net jobs created over the period. The industry and construction are still heavily depressed. The first course was destroyed fewer jobs than in the second quarter, -9000 cons 16,600 over the previous period. But the crisis in the construction continues, with 3,900 job losses, -800 against the previous quarter.

During 2010, the number of jobseekers has risen steadily, according to figures from the employment center. Depending on the category chosen, the number of unemployed was between 2.72 and 4.05 million, an increase of between 801,000 and 202,500 people.

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After walking along the peaks on Tuesday, the ACC 40reprenait his breath yesterday. And the consolidation continues on Thursday in a context of extreme caution. Halfway through, ACC loose 1.09% to 4 022.11 points. Even mood on other European exchanges, particularly in Germany where the Dax down 0.08% to 7177.75 points, and England where the Footsie lost 0.37% to 5978 points.

Fears escalate the situation in Egypt resurface when violent clashes between pro and anti-Mubarak, in Cairo, have already killed three people and wounded hundreds.

This renewed tension has raised doubts that Wall Street has ended Wednesday at the balance while a good statistic on employment front should have supported the rise. This morning in Asia, the Japanese Nikkei also closed in the red, operators focusing on profit taking to take risks.The attitude is the same on the Parisian market, investors preferring to await the publication of the monthly report on employment in the United States on Friday before taking a position.

Agenda item charge

They keep an eye still on macroeconomic indicators of the day. On this side, a busy day with:

– In France, growth in activity in the services sector accelerated further in January to its highest level in four months and now exceeds the average long-term, final results showed Thursday in the monthly survey with Markit purchasing managers.

– In the euro area, also growth in the services sector accelerated at a faster pace than expected in January, according to data released Thursday, but these figures do not reflect persistent differences between member countries.Also note, always eurozone retail sales decreased 0.6% in December compared to the previous month after falling 0.3% in November, according to data released Thursday by the EU statistics office Eurostat.

Now, investors await the decision on interest rates by the ECB is expected Thursday at 1:45 p.m. at the end of the meeting of the Board of Governors of the institution.

– United States: the weekly jobless claims, the quarterly productivity figures, the ISM services index for January and industrial orders in December.

Note that the side of the oil, oil prices continue to surge. In London, the price per barrel for the month of March gained $ 1.03 to 103.37 dollars, its highest level since September 2008.Brent has broken the technical resistance of 102 dollars.

Values to follow

Bonduelle: -2.26% to 68.42 euros

The food group on Thursday posted a turnover up 16.4% to 884.6 million euros in the first half of fiscal year 2010-2011 (ended June). But exchange rates and constant perimeter, growth is reduced to 1.6%, according to a news group.The group also confirmed its objectives for 2010-2011: a 30% drop in operating profit for the full year.

Hermes: -0.70% to 149.15 euros

The luxury giant has reported a very strong organic growth in the fourth quarter, boosted by sales of Christmas and has said it expects an increase of over 40% of its annual profit before tax.

France Telecom: + 0.64% to 16.52 euros, Bouygues: -0.56% to 33.62 euros, Vivendi: -0.66% to 21.10 euros

Orange, Bouygues and SFR join forces to Atos to create a joint company called Buyst to provide a platform for e-payment before the summer, reports the newspaper Les Echos.

Societe Generale: -2.30% to 46.85 euros

The Federal Reserve announced Wednesday it had accepted the bank in the small circle of investment banks and brokerage firms allowed to operate in the primary market.

NRJ: + 2.25% to 8.65 euros

The group reported a turnover in excess of expectations for all of 2010, boosted by renewed investment in advertising and dynamism of DTT channels.

Vicat: -0.73% to 56.81 euros

The group anticipates a recovery in 2011 sales volumes in France, its largest market, after a year 2010 saw stabilization and further internationalization of the business.

Bolloré: + 0.12% to € 161.50

The group announced the acquisition by its energy division of the remaining 49% stake in LCN (Les Combustibles de Normandie).

Partouche: -4.12% to 2.33 euros

The group announced Wednesday the launch of a new capital increase of EUR 30 million, guaranteed by Butler Capital Partners (BCP), during which the private equity firm will enter the capital of the casino group.

Maurel & Prom published its annual results after market close.

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As at the beginning of each year, the French face starting tomorrow, January 1st, new fee schedules or social benefits. Besides the tax changes on income, savings, Internet box or bonus-malus automobile.Insurance, health, transport …: update on the changes.

SMIC

The minimum wage rose from 8.86 to 9 euros gross per hour for reaching 1365 euros a month for a full-time, about 1 073 euros net.

Revenue de Solidarité Active

The base amount of the RSA, which replaced the RMI and the single parent allowance, is revalued by 1.5% (inflation in 2011) to reach 466.99 euros per month for a single person without children, 700.49 euros for a childless couple or single parent with one child.

Family Allowances

They increase from 1.5% to 126.38 euros for two children (pre-CRDS), 288.38 euros for three children, 430.55 euros for four children.Addition increases with age.

Social Security

The maximum monthly Social Security, which serves as reference for calculating contributions and certain benefits, increased from 2885 euros to 2946 euros.

Health

Consultation with general practitioners increased by one euro and rose to 23 euros. Drugs reimbursed at 35% do more than 30%. The hospital package of € 18 applies to medical procedures exceeding 120 euros rather than 91 euros – below, you have to pay co-payments of 20%.

Insurance

Rates are subject to a general rise: Automotive, it will be between 2.5% and 4.5% depending on the airline and for Housing between 3% and nearly 8%. Insurers rely on the impact of weather events and rising cost of repairs.For health, the increase will be between 5.3% and 8.5% as a result of delisting and a 3.5% tax on insurance contracts called leaders.

Automotive

The scrapping of 500 euros disappears. Buyers flocked in recent days at the dealership to enjoy it. Professionals saw last week twice in orders compared to a normal December.

Electricity

The rebate granted to 625,000 low-income households ("social tariff for electricity") varies from 40 to 60%, against 30-50% previously.

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Pressure is mounting on the Cote d'Ivoire, Laurent Gbagbo and Alassane Ouattara were both sworn in as president Saturday, and have appointed a prime minister each Sunday, just hours apart. The political crisis worries the international community. The UN, U.S., France, the European Union, Great Britain, La Francophonie and also the Economic Community of African States (ECOWAS) took a stand in favor of Alassane Ouattara . Sunday night, the World Bank and African Development Bank (AfDB) are mounted slot.

The two institutions said in a joint statement they questioned the advisability of continuing to help Côte d'Ivoire."We hope to continue working with the Ivorians in the fight against poverty, but it is difficult to do effectively in a context of uncertainty and prolonged tension," they have said. The two banks, expressing their "frustration", recall that the presidential election, which was "long overdue" and whose second round took place on November 28, was "supposed to bring peace, stability and lay the groundwork 'Better Governance' in the country.

According to the World Bank and the AfDB, a prolonged crisis will plunge more Ivorians in poverty and adversely affect the stability and economic prosperity of the whole region."Therefore, in accordance with our policy, we will continue to monitor events closely and to reassess the usefulness and effectiveness of our programs since the breakdown of institutional functioning," she has warned.

Loan programs reviewed

The World Bank has invested heavily in the progress of the electoral process in Côte d'Ivoire. Its president, Robert Zoellick went there in January 2010. A field trip during which he assured the outgoing President Laurent Gbagbo of institutional support for the "reunification of the country." However, the World Bank had linked the cancellation of three billion dollars of foreign debt (estimated to total $ 12.5 billion) in the conduct of presidential elections, which were delayed for years.

The institution have other arguments in size.The World Bank has committed U.S. $ 207.79 million (155 million euros) in various projects to support the Ivorian economy in 2010, after funding $ 209 million (156 million euros) in 2009 and a record $ 320.22 million dollars (239.5 million euros) in 2008. Since the outbreak of the global economic crisis in mid-2008, the International Development Association (IDA), the branch of the World Bank that provides grants and low interest loans to the 79 poorest countries in the world which half are in Africa, has committed 7.8 billion dollars for the SSA countries during fiscal year 2009, a figure up 36% over 2008.

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The reconstitution of the downstream oil sector whetting the appetite of Ruby. Unknown to the general public, the independent French company, specializing in liquid storage and distribution of petroleum products, has just completed four acquisitions in quick succession for nearly 400 million euros. A significant amount, given the size of Ruby, who directed last year just under a billion in turnover, net profit of 47 million.

The last transaction, formalized on Friday, concerns the distribution activities of American oil to Chevron Caribbean and Central America. It allows Ruby to take a portfolio of 174 stations in Texaco, plus a stake in a refinery.Earlier, the company took over distribution activities of liquefied petroleum gas (LPG) Shell Southern Africa, Linde German in Switzerland and BP in Spain.

"The will of the majors refocusing upstream opportunities we offer. Our strength and our decentralized approach allows us to be particularly successful in regional markets free credit score. It is also our philosophy: to be hard on smaller markets rather than on large marginal, "says Bruno Krief, the chief financial Ruby.

Reassure shareholders

To finance this expansion, the company announced it would undertake a capital increase by the end of the year.If the amount was not disclosed, but Ruby says that this operation should cover "approximately one third of the investments made, while providing shareholders with strong growth in earnings per share and dividends."

Ruby, whose market capitalization has crossed this week the billion euros, intends to continue to focus its development on growth areas. "France is not our priority, both because most of the movements in the area have already been made and because the constraints to this type of operation are many," said Bruno Krief.

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Gloom persists on Wall Street. U.S. stock markets opened down on Friday. The Dow Jones was down 0.56% and the Nasdaq lost 0.57%. On Thursday, U.S. stock indexes were down significantly evolved during the greater part of the meeting, have limited the damage to the fence. At the finish, the Dow Jones sold 0.65% to 11,283.10 points, the S & P 500 fell 0.4% to 1 213.54 and the Nasdaq by 0.9% to 2 555.52.

The NYSE still worried about the crisis in public finances in Europe has also been weighed down by the severe slump in the OEM Cisco. The group has published better than expected results for the first quarter of fiscal offset. But CEO John Chambers has showered investors with forecasts of growth below expectations.Cisco enters the composition of the three major stock indexes in the U.S. market plunged by almost 16% Thursday.

On the macroeconomic front, the index of consumer sentiment stood at 69.3 against 69.0 expected by economists polled by Reuters. It was 67.7 in October.

On the foreign exchange market, the euro was recovering slightly by midday, supported by market rumors that a rescue plan is in preparation for Ireland.It was trading 1.3722 against the dollar, after falling briefly below the $ 1.36 for the first time in six weeks.

Boeing, Microsoft or Yahoo to take this Friday

The side of values, the U.S. aircraft manufacturer Boeing (-2.33% to 63.85 dollars) on Thursday said he could determine that the fire that led to the emergency landing of one of its new 787, called "Dreamliner" during a test flight was due to a faulty electrical panel. The manufacturer had decided Wednesday to suspend the flight tests, the time to clarify the circumstances of a fire in flight which led to an emergency landing Tuesday in Texas. The Boeing faces crucial choices for Boeing in 2011.It will decide the future of several programs.

Always on the side of values, the media group and leisure Walt Disney (5.10% to 37.76 dollars) on Thursday released just before the close of Wall Street, a decrease of 7% to $ 835 million of its Net income in the fourth quarter, as revenue, has disappointed the market and limited growth recorded throughout the year.

Also note, according to Microsoft (-0.96% to 26.43 dollars) a new video game system without a controller, KINECTS could be a good marketing tool to target programs and even commercials, according to users, argued Thursday the IT group.

The U.S. portal Yahoo (-0.98% to 16.64 dollars), including advertising revenues continue to slow, considering possible redundancies.Products division directors were asked to prepare a plan for a 20% reduction in workforce. This could affect up to 1,400 people. Yahoo has already dismissed 700 employees in late 2009 and 1400 a year ago.

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The standoff continues between the authorities and strikers at the Total refinery Grandpuits. On the night of Friday to Saturday, the prefecture of Seine-et-Marne department issued a second decree requisitioning employee, immediately after the suspension of a previous order by the court. The Administrative Court of Melun had in fact vindicated Friday night with Inter who alleged an infringement of the right to strike.

Lodged an urgent application, the judge considered that the prefectural was "a serious and manifestly illegal right to strike and that his execution, as such, should be suspended." The judge also ordered the payment of a sum of 1,000 euros to the applicants. "This remote troops. This shows that there are people who really take us for beads, "reacted a steward of Grandpuits France Info.

Bombshell few hours later, when the night, the prefect of Seine-et-Marne ordered a new requisition of employees. Before the strikers gathered around a campfire, a spokeswoman for the refinery management explains: "Whereas the right to strike is a constitutional principle to the striking workers of a private company can be legally required since the measures imposed by the urgency and proportionate to the needs of the continuity of public service and public order. "

On site, the decision has obviously angered the strikers. "It's great ridicule. The warden must know that his requisition will most likely suffer the same fate as the first, "lamented Charles Scarf, the coordinator of Total SGC. The unions also immediately promised a new lawsuit on Monday.But by then, employees will therefore have requisitioned load tankers of fuel, heavy heart.

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Total has been authorized by the Tribunal de Grande Instance of Nanterre not to proceed with the restart of business at its refinery in Flanders, near Dunkerque (Nord). By allowing the oil company on Friday to close this site, you might unintentionally set fire to the powder. The decision Friday by the High Court is, in effect on an earlier decision of the Court of Appeal of Douai, who last June called the oil company to restart the refinery under penalty of fine for failure to inform staff representatives.

This Friday, if the court also recognized that barrier, it has only condemned the group Total to pay 5000 euros to the central works fast payday loan. And authorized the management of the group "not to reboot" of the site, and thus put an end to that activity.A project closure in March which had aroused the ire of the sector employees and generated block of six French refineries for a week.

Bad news then that the twelve regional refineries are currently blocked in protest against the pension reform currently being debated in the Senate. Especially since it adds another bombshell: Thursday's decision by the Swiss group Petroplus in turn put an end to the activity of its Reichstett refinery near Strasbourg.

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Angela Merkel and Nicolas Sarkozy have adopted a common position in Deauville likely to allow the establishment of a European economic government, before receiving Dmitry Medvedev for a summit to three.

Before the European Council next Thursday, France and Germany have agreed on the implementation of sanctions against a country that would be excessive deficit for six months. The two countries also support that the European Council may decide by qualified majority "to impose a progressive sanctions" as a precaution.

These measures continue the concept of automaticity, desired by Germany, but strengthen, at the request of France, the power of the European Council decision in relation to proposals by the Commission. They must be implemented quickly, stressed Nicolas Sarkozy and Angela Merkel.

In the longer term, the two countries deem it necessary to revise the treaty to allow political sanctions (removal of voting rights for countries in violation) and to make permanent the Fiscal Stabilization Fund European, brought to expire in 2013 Because of the clause "no bail out" against the bailout of deficit countries. The European Council president, Herman Van Rompuy will present a "robust mechanism for resolving crises."

The Chancellor has also assured his interlocutor of the French support of Germany during the French presidency of the G20, which begins Nov. 13.

These convergences Franco-German can help strengthen the EU's credibility in the eyes of Russia, which continues to focus on bilateral relations in its relations with Europe.The challenge for the Franco-German couple is to facilitate the success of the Alliance summit in Lisbon next month, and that of the OSCE, Kazakhstan in December. Europeans nor the Americans, do not want the "security architecture" proposed two years ago by Dmitry Medvedev. They must, however, defuse the strong distrust of Russia to create projects of NATO, Russian leaders to come to Lisbon, which would be an achievement, involve them in the construction of missile shield planned by the Alliance. The Europeans are not too many two, especially if those two break open, to get there.

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New security crackdown in China. The Chinese authorities are taking further steps to try to calm the real estate speculation in big cities. "Overall, Chinese stocks listed in Hong Kong, more easily accessible to foreigners, have little reaction to the announcement, which however was not expected. But it is true that a lot of bad news is already in progress, "says Claude Tiramani, Lutetia in Capital. International investors have already deserted the market.

Because, for months, the tightening of Chinese policy, which is expected to slow economic growth, worries them. "The situation of local banks also calls for caution," says Lai Choo Woomer, manager at Comgest.They could be weakened by bad loans (loans to developers and especially to local governments to fund programs for construction and infrastructure). "But the Chinese government has never hesitated to recapitalize ailing banks," said Claude Tiramani.

Since the beginning of the year, Chinese stocks in Hong Kong were down about 3% in local currency (and up 3% in euros). "While the Chinese authorities not advertise that they are satisfied with the level of property prices, Chinese equities remain the sentence," says Martial Godet, responsible for managing emerging markets at BNP Paribas IP.

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