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The Paris Bourse remains on guard

This last day of the week is marked by caution on the Parisian market. The CAC 40 starts the day down 0.35% to 4080.74 points, after a small rebound by 0.11% which allowed him to get closer to 4100. In London the FTSE-100 index lost 0.12% to 6012.81 points in early trade while in Frankfurt the Dax index down 0.28% to 7320.07 points.

The atmosphere on global exchanges has been tense since the speech of President Hosni Mubarak yesterday. This was expressed after 17 days of protest to announce that he transferred his powers to his vice-president Omar Suleiman, without resigning. The crowd, massed on Tahrir Square in Cairo, immediately expressed his displeasure. Further demonstrations are expected this Friday, and anger may rise a notch in the ranks of protesters from power.A situation that markets do not like.

Anticipating these developments, Wall Street closed yesterday at equilibrium, despite the publication of an indicator better than expected on the employment front. And this morning, Asian markets followed the trend.

U.S. consumer sentiment is expected

Oil markets, which also fear a contagion and disturbance on the Suez Canal, were still very tense. Crude oil prices were rising so sharply in electronic trading in Asia: a barrel of light sweet crude for March delivery gained 83 cents to 87.56 dollars and that of Brent North Sea with identical maturity took 69 cents to 101.56 dollars. On the currency markets, the euro declined to 1.3555 dollar.

Although focused on Egypt, operators should also monitor changes in bond rates in Europe, notably those of Portugal, and indicators of the day:

In France

– The current account deficit rose in 2010 to 40 billion euros, after 36.8 billion in 2009.

– Employment in the market increased 0.2% in the fourth quarter, according to consensus. 35,500 jobs were created after 19,200 in the third quarter.The increase is 0.7% over one year with a total of 109,900 jobs created.

U.S. trade balance will be unveiled in December and the index of consumer sentiment for February (first estimation).

Total and Michelin publications of the day

As for values, investors will still have enough to deal with a new set of publication:

Michelin: 2.80% to 58.68 euros

Tire group saw its net income increased tenfold in 2010 to 1.05 billion euros.Net sales amounted to 17.89 billion euros, up 21% at constant currency, driven by increased volumes of 13.4%.

Total: 0.24% to 43.58 euros

The third European oil company by market capitalization on Friday issued the results up in the fourth quarter, again driven by the rise in oil prices, and said it planned to increase its investments in 2011 to 20 billion dollars against 18 billion in 2010.

Medica: 0.56% to 14.43 euros

The group's homes achieved a turnover of 538.4 million euros in 2010, up 12.1%, a growth higher than the target and related in particular to a series of acquisitions.

L'Oreal: -5.31% to 84.75 euros

The group has turned the page of the crisis, announcing Thursday a strong recovery in its results, and announced his change of governance with the departure of Lindsay Owen-Jones from the presidency and the appointment of Jean-Paul Agon to CEO. The group also plans to make acquisitions in emerging markets, particularly India and Brazil, according to Jean-Paul Agon, CEO of the cosmetics group, in an interview published Friday in Le Figaro.

Latecoere: 1.19% to 9.39 euros

The company said 2010 sales rose thanks to strong performance allowed, especially in the fourth quarter billings to progress on some programs.

Theolia: -3.10% to 1.25 euros

The group announced a drop of 43% of its turnover, the important result of the disposal plan decided by the developer and operator of wind turbines in 2009.

Meetic: 3.24% to 16.88 euros

The leading European dating sites reported on Thursday EBITDA margin of 20.6% in 2010, in line with its objectives, thanks to the performances on the last part of the year.

SFL: -0.03% to 35.79 euros

The group announced Thursday for the Year 2010, a decline in rental revenues and operating profit but a rise in the appraised value of his assets after two years of decline.

General Health: -3.24% to 11.36 euros

The group on Thursday issued a 6% drop in operating profit during 2010, resulting from restructuring and consolidation of institutions.

Eiffage reveal sales for the fourth quarter after-hours trading.

Didier Lombard, France Telecom leaves

France Telecom: -0.25% to 16.23 euros

Didier Lombard announces leave the presidency of the telecom operator in an interview published Friday by The Tribune.

Thales: -0.36% to 26.49 euros

The CEO of the electronics group, Luc Vigneron, whose departure is mentioned in the press, assured the employees that will do anything to counter the "undermining" led by some opponents and that he be intimidated, report Les Echos Friday.

Casino: 0.07% to 71.04 euros

An arbitral tribunal has condemned the distribution group to pay the Baud family, founder of Franprix and Leader Price, 52 million of additional cash to redeem their shares in these signs.

Scholarships: NYSE Euronext and Deutsche Boerse want to become world leader

Deutsche Boerse and NYSE Euronext are in "advanced negotiations" for a merger. Both companies have warned in a statement that the outcome of the discussions was still open. Together they form the first stock exchange in the world, before the Hong Kong.

The new group would have a dual headquarters in Frankfurt and New York, and the merger would release 300 million annual savings, they said. Shareholders of Deutsche Boerse would be the majority, with 59% to 60% of the shares.Reto Francioni, head of Deutsche Börse, would be non-executive chairman, while Duncan Niederauer would be the operational head or at the same place as at NYSE Euronext.

Nicolas Rolland, a trader at Societe Generale, said that for Scholarships, "reach a sufficient size is a strategic aim of achieving economies of scale classics, but mainly to develop new services, facilitated by large volumes. This moves the harsh price competition, downward, to the service, more diverse and cash. "

A return to "normal"

In 2007, when NYSE and Euronext merged, traders were disappointed that they wanted to merge with Euronext Deutsche Boerse."If the two merged entities, the operators would take it as a return to normal," said Djillali Hacid, analyst XTB France.

This merger, there are more than three years, had inspired a Directive at European level in order to end the monopolies of the major exchanges. Since then, competition has set in, and NYSE Euronext has lost market share. "For NYSE Euronext, such a merger is justified by the desire to regain strength," says the expert.

Indeed, the platform Chi-X Europe, born after the EU directive, in 2010 became the second exchange in Europe behind the London Stock Exchange and NYSE Euronext relegating to third place. And in recent weeks, the big U.S. platform Bats Global Markets seeks to acquire Chi-X.Both parties are in exclusive negotiations and an announcement is expected later in the month of February.

In exchange, Deutsche Boerse gained 1.7% to 58.42 euros just before the trading halt that occurred on Wednesday afternoon, while NYSE Euronext clinching 11.66% at the Paris Bourse. About 18 hours, the NYSE Euronext shares have resumed trading at Nex6york: it fly off

"Historically, mergers do not create value for shareholders," warns Derek Lawless, director of France Worldspreads. "The example of marriage between Alcatel and Lucent is the most blatant. Must observe a high degree of distrust. In a difficult environment we seek opportunities to reduce costs, and sought a merger with a partner.Historically this kind of operation comes almost too late, "he said again.

The London Stock Exchange offers itself as Toronto

These discussions have no connection with the announcement that took place that day on the very next purchase of the Toronto Stock Exchange TMX by the London Stock Exchange. A transaction that will create the fourth World Stock Exchange, with 4100 billion shares traded per year.

Their merger will create the first global platform for trading companies specializing in natural resource extraction and energy production. Both exchanges intend to capitalize on the craze for global commodities.

The new entity will become world also tops the list of global equity groups by the number of listed companies.In terms of market value, the combined group, which has not yet given name, would rank seventh, with a value of about $ 7 billion.

Toronto and London are already places of choice for producers of raw materials, and joining forces, they hope to attract even more companies in this sector, explained their leaders, the American and French Tom Kloet Xavier Rollet, who will become president and CEO of the new group. They count and enjoy the fact that many mining companies, including Russia and Asia, seeking to go public to finance expansion of their activities, struggling to follow the explosive growth in demand for raw materials in emerging countries.

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France posted a record deficit

The figure is historic. The hole public finances widened to 148.8 billion euros in 2010 against 138 billion a year earlier, said the Budget Ministry on Tuesday. This is not unexpected, as the minister has already spoken Baroin mid-January a similar amount during the presentation of its balance sheet in 2010. The deficit is well below one billion euros from estimates in September and should be a little less than 7.7% of gross domestic product (GDP).

The French budget was the victim of a margin squeeze due to memories of the crisis: spending and increased revenue has not covered their level before 2009. On the one hand, income taxes and related taxes, whatever the rise, have remained low and amounted to 274.9 billion euros (against 237.2 billion in 2009).In detail, tax revenues, the lowest in 2009, jumped 17% last year. Particularly affected during the crisis, the corporate tax has regained some lost ground (57.2%). The VAT revenue rose 7.5% and income taxes of 1.7%.

Expenditures, particularly related to the "great debt" and welfare systems, for their part, increased by 15.9%, reaching 452.7 billion euros in 2010 against 367.1 billion the year before . Involved, social protection expenditure, linked to rising unemployment, but also the Grand borrowing and "investment for the future".This last item of expenditure will still not taken into account when calculating the budget deficit following the European rules payday loan.

Objective 2011 "achievable"

In 2011, tax revenues of the state should continue to increase, and the effect of the "great debt" on public finances will disappear, "said Dominique Barbet, in essence, BNP Paribas. "As a result, the deficit of 148.8 billion euros to 92 billion euros, as the government wants, is feasible," said he."Similarly, the deficit target of 6% GDP could be achieved, especially if growth is close to 2% as required by the government." One hypothesis considered optimistic by economists until the publication by Banque de France on Tuesday morning for a first estimate of economic activity increased in the first quarter of 2011.

The government intends to reduce the public deficit to 4.6% of GDP next year, then to 3% in 2013, the limit set by EU rules. Nicolas Sarkozy intends to introduce a second "golden rule" constitutional deficit.Clearly it is, as already done in Germany, set a limit to the deficit in the constitution.

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A Lotto winner buys the box and save jobs

Between fiction and reality, sometimes there is only one step. With 10 million euros in his pocket, the winner of the Norman lotto jackpot last September showed that by making as in the French pub games: he bought the box and kept his old boss.

This winner, who wishes to remain anonymous, did however not to taunt his former employer, but to "avoid as 13 or 14 guys do become unemployed," says he to Parisience Monday. Indeed, the transport company where he worked as a truck driver was in receivership when it wrapping up the loot. Seeing his SMEs about to close its doors, he did not hesitate to spend hundreds of thousands of dollars of his new fortune. "I was the only potential buyer, says he. In addition, transportation is all my life.We do not stop like that overnight. "

"If I see that I lose too much money, I Quit"

Today 100% shareholder, the anonymous millionaire became CEO. His former boss, left the company, keeps him, some responsibilities. This old son of a laborer, truck driver for nearly 30 years, says not to play with his tyrannical boss and former colleges do not hesitate to take the wheel in the absence of one of its employees. The head change in direction would also not change their relationship. His former colleagues on "respect" because "they know I like them as a driver. Tour, I made them. " The fifties, however, warns he will not play in the super-savior forever: "If I see that I lose too much money, I stop."

The nouveau riche, which ensures not yet have taken a vacation, prefers to grow his millions in "the stone and secure investments." Meanwhile, her story will remain etched in the annals of French games that ensures they never saw a former employee, winner of a jackpot, buy his old company. Let alone keep his boss.

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Ports: the strikes have cost 800 million euros to companies

On the occasion of its big annual event, the Ufip, the French Union of Petroleum Industries on Friday announced the impact of strikes on the fall of 2010 alone oil industry: 230 million euros.

A figure that could grow. For the fourth straight weekend, the activity of French ports will be affected by social movements, the CGT still requiring validation of an agreement on the drudgery.

Besides this "handicap" represented by the unreliability of the port of Marseilles, and denounced by Jean-Louis Schilansky Ufip Chairman of the rising discontent especially from the bosses of companies weakened by the downturn port. Under the patronage of the Phoenician city, the losses at the end of November last, relating to strikes, would amount to 800 million euros.In the medium term, the continued movement threatens 41,000 jobs directly and indirectly specifies the organization, who attended Thursday at a meeting of major economic players in Marseille.

Now "A container for two to France through foreign ports," a late Jean-Luc Chauvin, president of the PSU 13, the Union for companies in the Bouches du Rhone. Companies are dying to Marseille where we are in a state of permanent strike. "

Threat to long-term activity Ports

"Companies are tired, we are undermining the economic fabric," adds the CEO of the Port of Marseille, Jean-Claude Terrier. Especially if short-term impact of strikes on the job can be cushioned by partial unemployment, it is not the same in the long term.

Plagued by recurring blockages, the poor image of the port of Marseilles is widening cash advance loans. What is not without consequences for the activity: traffic from all terminals of the Grand Port Maritime de Marseille (GPMM) grew twice as fast in 2009 as the Mediterranean ports, and three times less than those Northern Europe.

And the fall in traffic could continue. On the site of Fos sur Mer, terminals and cargo containers are still totally blocked this weekend. A new arrest brings to 29 the number of calls to cancel since the beginning of the month. Between 1980 and 2010, the port of Marseille has lost 12% market share, reaching 16% last year. He has yet to lose a place among the European countries (5th in 2010).

However, difficult before any return to normalcy, to quantify exactly how many jobs really threatened.Meanwhile, a cell of the Prefecture of the Bouches du Rhone will be created to select the companies affected by social movements, and conduct an evaluation in terms of jobs. About 2,500 companies will receive bank facilities, said the Prefect Hughes Parant.

Side Le Havre, or movement is also closely watched, the loss of port activity related to strikes brought to 40% in Les Echos said the president of the Maritime Union and port of Le Havre. About 80% of the 16,000 jobs that include the organization today are indirectly affected, "he said. In January more than 50 calls were canceled out of 170 were provided, again in favor of other ports, Belgian and Dutch.

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The job was not enough to convince Wall Street

U.S. stock markets close an uncoordinated, on Wednesday. The Dow Jones gained 0.06% to 12,047.70 and the Nasdaq advance of 0.05% to 2752.65 points, while the S & P 500 lost 0.18% to 1305.28 points. Tuesday for the first time since June 2008, the U.S. index has crossed, close Tuesday, the 12,000 points mark, despite the continued unrest in Egypt.

On the foreign exchange market, the euro retreated against the dollar on Wednesday evening. Around 22:15, the euro bought 1.3806 dollars against 1.3831 dollars late Tuesday.

The better than expected U.S. employment in January

On the macroeconomic front, several indicators were expected in the United States. Job creation in the U.S. private sector were higher than expected in January, according to results of the monthly ADP released Wednesday.In total, 187,000 jobs were created during the first month of the year versus the consensus of 29 analysts polled by Reuters had forecast about 145,000. Moreover, the December figures were revised down to 247,000 against 297,000 originally announced.

Crude oil inventories rose sharply for the third consecutive week in the U.S., according to figures released Wednesday by the U.S. Department of Energy. They amounted to 33.2 million barrels to 28 January, an increase of 2.6 million.

Sanofi-Aventis year close to agreement with Genzyme

Genzyme: -0.29% to 73.36 dollars

The side of values, the merger between Sanofi-Aventis and Genzyme has taken another step forward. On Monday, the two sides reached an agreement in principle on the structure of a rapprochement.And Tuesday, a source familiar with the matter said that Sanofi-Aventis would have fallen for that, its offer to just over $ 70 off certificate of conditional value (CCV).

GlaxoSmithKline: -1.18% to 36.95 dollars

In the same area, the British group GlaxoSmithKline (GSK) announced Wednesday it sold $ 1.7 billion, all of its shares in the American medical diagnostic tests and Quest Diagnostics.

Electronic Arts: 15.81% to 18.09 dollars

Always on the side of values, after closing the American publisher of video games Electronic Arts has quadrupled its net loss during the third quarter of fiscal shifted, to 322 million, exceeding expectations, however. Indeed, excluding special items and reported the number of shares, this amounts to 59 cents beyond the 57 cents expected by analysts.The turnover amounted to participate in its $ 1.41 billion, slightly below expectations, and an increase of 4.75%.In addition, the group announced a share buyback of 600 million over 18 months, "a first for many years," says an analyst.

Western Union: 2.37% to 20.77 dollars

For his part, Western Union has reported for the fourth quarter earnings per share of $ 0.38, $ 0.35 cons expected by the market and $ 0.32 last year.

Aflac: -2.44% to 57.10 dollars

Aflac announced for the fourth quarter earnings per share of $ 1.33, $ 1.35 cons expected by the market and $ 1.18 last year.

Broadcom: -5.59% to 43.80 dollars

Also after market, Broadcom has released the fourth quarter 2010 revenues of $ 1.95 billion, in line with expectations against $ 1.34 billion a year earlier. The adjusted earnings per share rose to $ 0.58 against $ 0.32 last year.For the current quarter, the company targets a turnover of between 1.75 and 1.85 billion dollars against 1.46 billion last year.

Ford: -3.08% to 15.40 dollars

The rating agency Standard and Poor's (SP) announced that it raised its rating of U.S. automaker Ford BB-B + cons, together with a positive outlook, citing continuing economic recovery in the United States.

Google: 0.16% to 612 dollars

World number one search engine on the internet Google has accused his rival, the Bing website, copy the results it offers users what the computer group Microsoft has formally denied.

Also note, major banks and brokerages on Wall Street have made their employees pay record under past year, two years after the great crisis that devastated the area, according to the Wall Street Journal .The 25 largest institutions have paid their employees an unprecedented $ 135 billion dollars in salary and variable compensation. This amount is 5.6% higher than that paid for 2009.

JP Morgan Chase lost 1.05% to 45.45 dollars, Goldman Sachs was down 0.17% to 165.05 dollars and Bank of America was down 0.49% to 14.24 dollars and loose Citigroup 1.02% to 4.85 dollars.

Channels Info: battle around 2012

For strings of info, the 2012 presidential election is a major event and a passport to the future. Five years after their arrival in the free TV, TV-BFMTV and i know they will play an important part of their audience and their legitimacy. LCI, a subsidiary of TF1, which is broadcast on TNT pay, rather aims to consolidate its reputation. Since the beginning of January, they were all launched in the race and plan a rise.

Info chains are struggling not only among themselves but also against larger historical chains which hitherto had a monopoly on political debate. Pierre Fraidenraich, the CEO of i-TV, says: "The president began Jan. 3. This event will be played on the news channel as a priority, rather than on the major networks.99% of French people will be able to watch real-time event, in our case 18 hours a day online. "

Each morning, i-TV in partnership with Radio Classique presents "En route to the presidential" by Guillaume Durand and Michael Darmon. Follows the "Press Club" that meets one of the greatest columnists of newspapers and TV. Finally, since January 10, i-TV spends an hour with info about "Elysee 2012," a program into smaller modules sequenced from heavy maintenance in zapping the day. On weekends, it is a "Sunday morning political" i-TV closes the week. Pierre Fraidenraich states that "in November-December, the average quarter hour audience totaled 120,850 against 117,402 for the issue on concurrent BFMTV. The fight rages on and each chain is fighting hour by hour.i-Télé is considering "offering new formats on the strength of Canal +, to further differentiate the antenna.

Campaign on Twitter

BFMTV side, the chain will not have to play as the underdogs in 2007 cash till payday advance. One that has become the meantime, the first news channel continuously refines its device. It is primarily the extension of one to two hours of "BFMTV 2012, issue of Olivier Mazerolle, on Sunday evening. According to Guillaume Dubois, chief editor, "the first totaled 200,000 viewers to average quarter hour." Moreover, BFMTV just signed with the CSA polling institute a long-term contract which will have its own figures and estimates for large election nights.The day is bordered by the new political column Christophe Jakubyszyn, editorial director of RMC, followed by Jean-Jacques Bourdin – "Bourdin 2012" – and the issuance of Ruth Elkrief the evening. From September, the team will grow by two new journalists and new appointments.

Finally, to Eric Revel, director of LCI, "our system can have the same treatment as others. We must offer more analysis and decryption that our competitors. " Thus "The club LCI" that anime is a monthly show in public dialogue by business leaders and political leader. Likewise, since September, "Think Tank" program focuses on future candidates every Friday. "We are on the bottom and not the scum of things," insists Eric Revel, which provided, intends to maintain the tradition of political duels. Finally, a Journal of the presidential "is in preparation.To stand out, LCI will resume on air "the Twittoscope" concocted by TF1 News, Metro and TNS Sofres. This will be the first political barometer made through social networks. For LCI no doubt that part of the presidential campaign will be on Twitter.