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Since Wall Street opened, the CAC 40 was down a little deeper into the red, as was the case adhered just below these sessions. Around 16 hours, the index drops 1.71% to 3431.29 points. It seems that all eyes are turned to the United States, which links the bad economic publications.

After falling sales of existing homes (yesterday), on Wednesday, orders for durable goods rose only 0.3%, against 2.8% expected.The U.S. stock markets have opened in the emblematic red and embarking again finanières European places.

Second bad news dropped to 16 hours in the U.S. yet, sales of new houses have relapsed in July to reach a new record low since 1963 at least, after an unexpected plunge 12.3% from June , according to official figures released Wednesday in Washington.

Tuesday, across the Atlantic, the bad sales figures for housing (the lowest since 1995) had already severely affected exchanges.

On Wednesday morning, the CAC 40 was, however, tried to trace down the tip, reviving briefly in mid-morning, with 3,500 points, after an early morning start in the red (down 0.25% to 3482.53 points) .A rise that coincided with the announcement of a surprise increase barometer Ifo main confidence index in Germany. The latter settled in August to 106.7 points against 106.2 in July (as confirmed), while economists and analysts had expected the decline to 105.7. Their estimates ranged from 103.8 to 107.5.

After returning to equilibrium time, the Dax reassigns 0.77%. The London FTSE follows the same path (-1.05%) after starting in negative territory (-0.10%) followed again by a brief rebound.

Since the beginning of the week, the CAC 40 has yielded no less than 3.3%. And since August 6, the index dropped 9.7%!

As for currencies, the euro has stabilized against the dollar payday loans online.The euro traded 1.2662 dollar.

Edenred unscrews

In terms of values, many trucks will publish their results quarterly and half in this weekend.

Lagardere takes the lead, up from 3.94% to 29.045 euros. The title is supported by Exane noted that his opinion of "Underperform" from "Outperform." The target price has been raised from 35% to 35 euros

Edenred, the old branch of prepaid services group Accor became autonomous, has reported an operating income of 155 million euros in the first six months of the year, down 7.1% . Turnover rose 3.8% to 461 million. But the group is very conservative forecasts, the growth in issuance volume yet to be affected by rising unemployment in Europe.The securities were down 0.22% to 13.78 euros.

L'Oreal (0.90%) and Sperian (+0.09) will publish its first half results after market close.

The Polish government has shortlisted five offers to buy the 51% stake in state power company Enea on Tuesday said the Treasury Department, without specifying the identity of candidates. EDF (-0.44% to 31.63 euros) and GDF Suez (-0.80% to 24.32 euros) would be in the running according to media reports. Only EDF confirmed it had made a preliminary offer.

Scor (1.91% to 16.285 euros) has been a change of recommendation by Fitch. The broker has raised its outlook on Tuesday its debt rating of reinsurance group to "positive" cons "stable" and kept at "A" rating from its long-term debt of the group.Fitch said the decision including the prudent investment policy conducted by SCOR and the diversification of its risks.

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On Monday, the opening of stock markets in Europe, banking stocks will be the center of attention. While Friday night, 18 o'clock – evening after the close of stock markets in Europe – results of stress tests reported only seven failures out of 91. That is to say that 92% of the banks examined have managed to maintain a solvency ratio of at least 6% by simulating economic conditions deteriorated.

But among them, banks posted September 10 called Tier One ratios between 6% and 7%. It's like having a BA of 10-11 overall average. Deutsche Postbank, Piraeus Bank, Allied Irish Banks, Monte dei Paschi di Siena, Banca UBI, Bankinter and eight small Spanish settlements are on the list, which will be closely monitored by investors.The four French banks surveyed, BNP Paribas, Societe Generale, Credit Agricole and BPCE have all scored honorable.

On Monday, central bank governors and heads of Supervisors will meet in Switzerland to discuss the reform proposals on the strengthening of bank capital.

But after their success in tests of strength, European banks may find it difficult to argue that they can not apply a stricter financial regulation.

"Banks are ready to begin implementing the new rules are needed to strengthen the capital reserves and liquidity management of banks," also provided Vitor Constancio, Vice-President of the ECB. Basel III could thus move at a good pace.

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Enshrined in the Mediterranean Solar Plan (SMP), Transgreen aims to channel a portion of the solar and wind energy produced in Africa to Europe by 2020. Its objective is to export 5 gigawatts (GW) of renewable electricity on a total of 20 gigawatts produced on the south shore of the Mediterranean. An investment of 8 billion euros granted to the future network in addition to 40 billion euros from the Mediterranean Solar Plan devoted to the production of this green energy.

Jean-Louis Borloo Transgreen is the "Union for the Mediterranean for real", a concrete infrastructure that prevails "on the institutional" and he does not hesitate to compare the ECSC, European Coal and Steel Community, the fathers of Europe.While strengthening North-South cooperation, the project will, according to the minister, not only to reduce emissions of greenhouse gases, contribute to European energy security but also ensure access to electricity Africa, a prerequisite to economic development. Transgreen could create over 150,000 jobs and increase of 10% electricity production in North Africa.

Thirteen companies and institutions (including the Deposit) founded the renowned consortium Transgreen. Led by EDF, the partnership remains open to new participants. With a modest budget 2-3000000 euros, the consortium will coordinate the efforts of investors.One of the most complex tasks will be to address regulatory and policy paving the way for the purchase by the countries of the EU electricity produced in Africa under conditions profitable for all partners.

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Those who doubted the success of the Romanian Dacia brand will be surprised. According to figures released Thursday by the Committee of French, the low cost subsidiary of Renault saw its sales jumped to a whopping 95.8% in June in France. The performance is even more significant than the same period, the automotive sector is down 1.2% in raw data. Last month, 12,075 Romanian brand models were sold in France.

This success allowed Renault to back off in a market increasingly weighed down by the end of the car scrapping. The brand with the diamond cash down 1% of its sales in June against a decline of 5.6% for its eternal rival PSA Peugeot Citroen. Without Dacia, Renault made a performance less significant: -111% of registration last month against 4.1% for the Peugeot brand.

More broadly, the French experience a decrease of 7.9% of their sales. While abroad Nissan (+24.2%) and GM Europe (+21.2%) are doing well.

A good first half

Throughout the first half, however, sales were up 5.4% thanks to good figures at the beginning of the year. In the first quarter, the premium had already broken down, but the manufacturers had assured compensation. Result: the market had increased by 16.9%.

Scrappage EUR 500

According to BFM, the prospects are not reassuring. In the second half, the reduction would be 20%. Nevertheless, the number of cars sold would be even higher CUX 2007 and 2008. For the full year 2010, the decline would be 10%.

The market expected a backlash over the second half of the year.The July 1 heralds a new drop in scrap bonus which amounts to 700 euros to 500 euros. More government aid declining, manufacturers are less able to compensate. In Europe, the example of Germany left pointing to an already difficult year-end. The country, which ended the scrappage scheme in September 2009, showed a slump of 34% of registrations in the month of May.

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The soap opera twists rescue Opel has caused a new skirmish in the German government between the Liberal Democrats and Conservatives. On Wednesday evening, the conservative chancellor, Angela Merkel, had repudiated his Liberal minister of Economy, Rainer Brüderl, which had ruled against the granting of state aid to troubled German manufacturer. On Thursday, after a meeting at the chancery, the four host plants Opel Länder have pledged to help the manufacturer.

"The four prime ministers have decided to make available to the company for discussions," said the boss of North Rhine-Westphalia, Jürgen Rüttgers, after the meeting. Rüttgers refused to discuss figures.However, the states concerned should increase the amount of their participation in the recovery plan of Opel to save jobs related to les sites of production established on their territory.

Public support of 1.1 billion euros, denied Wednesday Brüderl, should be financed by up to 46% by the federal government, followed by Hesse (29.19%), the North-Rhine- Westphalia (7.11%), Rhineland-Palatinate (5.61%) and Thuringia (2.47%). The Board of Opel has warned that without public support, the parent company, General Motors could eliminate more jobs in Germany as the 4000 dismissal under the current restructuring plan.

Consolidation of the range

Opel employs approximately 25,000 employees in Germany. The factories in Bochum, Eisenach and Kaiserslautern are threatened with closure teletrek No payday advance.Only the maintenance of the center of research and development of Rüsselsheim is guaranteed.

Brüderl had justified its rejection of the application for public assistance from General Motors for its European subsidiary in finding that GM had enough funds to help recover Opel. He made his decision after a meeting of a committee that could not reach a common position after reviewing the request for assistance. GM plans to spend 1.9 billion euros to boost Opel, currently in deficit. The restructuring program includes a 20% capacity of Opel and an overhaul of the range by 2014.

The Liberals had reluctantly accepted, on weekends, a package of measures to save 80 billion euros by 2014 in the federal budget.By refusing the assistance of 1.1 billion, which would have preferred, he said, a builder on the other, the minister wanted to show that liberal ideas were not dead.

However, Angela Merkel warned that Berlin had "not heard the last word in the file Opel" thereby alienating Brüderl, who also refused to grant guarantees for loans to Opel in Europe. The Chancellor, who seeks to preserve its image as a protective mother of the nation, convened on Thursday, meeting with government leaders of regional states concerned to encourage them to increase their participation to fill the hole left after the withdrawal of funds Federal.

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Bad news for the government. The health insurance spending increased in the first quarter 2010 by 4.1% over the same period in 2009. This level is well above the national target (ONDAM) set last October by Parliament for the whole year to 3%. Worse, the rate of growth of health spending reached 4.7% a year (March 2009-March 2010).

This quarterly increase is mainly due to increase in reimbursements of ambulatory care (4%) on the first three months of the year. Care paramedics have particular jumped 8.2% (against 7% over the last twelve months) with a peak even at 13.3% for nursing costs alone unsecured personal loans.The drug delivery has also increased significantly (3.7%) in the first quarter, as the daily allowances are rising again (+6.1% in the first quarter, against 4.8% over the past twelve month) in particular because "payments linked to the outbreak of H1N1 in late 2009.

In contrast, expenditure on medical and dental fees have risen more moderately in the first quarter of 2010 as the year: + 0.9%, against 1.8% in one year. A slowdown explained by health insurance through "the decline in reimbursements of medical care (-1.9%) due to an epidemic situation lower than in 2009.

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The decision of the Swiss Competition Commission (Comco) is final: France Telecom and TDC, the Danish operator, will not merge the two subsidiaries, Orange and Sunrise in Switzerland. According to a statement from the Competition Commission published today, the company created by this merger would be found, with the operator Swisscom, "a collective dominant position, likely to remove effective competition, no new entrants have been able to exert a disciplining power.

For both companies, he was then "more profitable to maintain a high level of prices than addressing each in its competitor in order to take away market share," fears the competition authority. According to her, even the synergies possible from this merger, would "not enough to offset the negative effects on competition expected in a merger.The Competition Commission said that "with three network operators, however, some momentum is maintained on the Swiss market of mobile telephony and it remains open to any innovations.

"Disappointed"

For Orange and TDC, this decision is incomprehensible. In a statement, the French operator, said he was "disappointed and surprised by this decision." According to the two groups, the proposed merger and the substantial commitments that they had proposed to implement "would have benefited the Swiss consumers. Without this, the dominance of Swisscom Swiss telecommunications market has perpetuated.Unlike the Competition Commission, France Telecom and TDC say they believe that the synergies in the combined entity would offer more attractive prices, products and innovative services and improved access to a network of international communications. "

Consequently, the two groups do not have to stay on this decision. They now wish to "evaluate the options available to them in preparation for possible next steps."

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LE FIGARO. – How to justify to consumers increased by 9.7% in the price of gas?

Philippe de Ladoucette – There is a formula and is totally transparent. In this case, it is to pass an increase of 3.8% in supply costs and 5.9% for non-supply costs, that is to say, transport, storage and marketing costs. Hence the overall increase of 9.7%, which was considered by the Regulatory Commission of Energy (CRE) on the proposal of GDF Suez. The evolution rules can go into the truth costs.

Gas prices on the market have declined significantly in recent months. How then to explain the increase in regulated prices in France?

Because these regulated prices depend first and foremost long-term contracts that were signed between Suez and GDF several major producing countries (Russia, Norway, Algeria …).But gas prices on the market, by definition volatile, have not always been so attractive today. In 2008, for example, industrial supplies on the market have seen their bill jump 40% a year. Currently, the gas environment has changed not only the supply exceeds demand, but other generation sources such as shale gas in the United States, tend to develop. All this promotes falling gas prices.

Can you imagine that the formula indexed to the long-term contracts is called into question the benefit of consumers?

GDF Suez plans to negotiate with some suppliers, like Russia's Gazprom, a key to lowering the cost of supplies.But all producing countries are not necessarily inclined to reconsider the current system, which also has advantages because it allows to guarantee the security of supply, essential for a country like France. In general, we can not claim that the formula is modeled on market prices when they are more attractive than long-term contracts, and vice versa. There are choices to make …

In other words, it does not affect the formula for calculating regulated prices of gas?

Not necessarily. Before the end of this year, the CRE will proceed, in connection with the services of GDF SUEZ, an audit of the formula. To ensure precisely that there is no distortion too high between the environment and gas prices paid by French consumers. An adaptation of the formula is always possible, knowing that there are a number of steps to the key.The State to decide in last resort by decree.

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Following the announcement of its withdrawal from shipyards in Saint-Nazaire, Alstom is at the heart of a corruption case. Three leaders of its British subsidiary had indeed been arrested in Britain for money laundering, fraudulent accounting and payment of bribes, kickbacks, announced the Office of fight against financial crime (Serious Fraud Office) in a statement.

The three men were taken to police stations for questioning by the SFO."We work closely with organizations of criminal justice throughout the world and we are taking steps to encourage companies to report any suspicion of corruption, either within them or by other companies or individuals, "said Richard Alderman, head of the SFO, quoted in the press till payday cash advance .

A spokesman for Alstom said to have no comment to make yet.

At the Paris Bourse, the title loses 2% to 47.14 euros, 12.30 in a market down by 0.43% to 3935 points.

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Revolution for Facebook. The website of social network increased for the first time before the search engine Google in court during the week of March 7 to 13 in the United States. So Facebook is the site most accessed according to a study conducted by the firm Hitwise and columns published in the Financial Times.

The home page of Facebook has represented 7.07% of U.S. Internet traffic against 7.03% for that of Google. The difference is small but very symbolic. A year ago, Facebook was only a little over 2% of visits. Google on the same period has increased very little (+ 1.03 point).

This reflects the doubling of the members of the community site (between April 2009 and February 2010) from 200 million to 400 million.To take advantage of this growth and meet the success of Facebook, Google has developed Google Buzz recently, its own community network.

Google remains the leading on all its sites

Hitwise figures only concern, however, that visits the site Google.com instant payday loans . This means that services such as Gmail, Google Maps or YouTube, which also belongs to Google, are excluded from the study. Taking into account all sites of Google, the company accounted for 11.03% of visits to U.S. websites consulted last week, against 10.98% for sites of Yahoo and 7.07% for Facebook.

U.S. Customers have spent nearly six hours and a half on Facebook cons less than two and a half hours on Google.Those around the world have spent more than five and a half hours on social networks such as Twitter and Facebook for the month of December 2009 an increase of 82% in one year according to a Nielsen study.

Although Facebook is growing, it still has some way to go to catch Google. Its turnover is estimated between 1 and 1.5 billion dollars this year (double that of 2009), instead of 23.7 billion earned by Google.

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