Welcome to the UK! Passengers arriving today in the country's airports may have to wait until noon to cross the border, prevent the authorities, because of a strike of public service followed by immigration officials. In an attempt to avoid chaos, the government has asked airlines to cancel or divert flights. For several days, in the form of disaster volunteers and employees of departments of the military at passport control to take over the strikers.

The strike of civil servants to the call of 30 trade unions against the pension reform is already billed as the largest since the 1970s. More than 2 million people could stop work and attend one of the 1000 events in the country. Nine out of ten schools should remain closed payday lenders.Thousands of canceled operations in the hospital for lack of nurses. Garbage will not be collected. After a day walkout in June to the call of four unions, today is the biggest challenge faced by David Cameron since he arrived in Downing Street there eighteen months.

The Prime Minister described the strike as "irresponsible." "I call, even at the last minute, the union leaders to give it up. This does not solve anything and it's going to hurt our economy, "said Cameron, whose government Tuesday announced measures to counter the worsening crisis. After months of fruitless negotiations, the unions are protesting against pension reform officials that provides increased contributions and lower pensions.

Regarding the debt crisis, the hope seems to come on the market. EU leaders agreed to increase the firepower of the European bailout fund (EFSF), to recapitalize banks and erase part of the Greek debt. On this point, the euro area is "relatively close" to an agreement with private creditors. European states are now seeking 50 to 60% of discount.The details of this comprehensive agreement should be announced Wednesday, after a summit. French President Nicolas Sarkozy said that the situation remains "very complex" but that "negotiations are progressing. A consensus is emerging, "he said.

First question, Greek banks have reacted badly to the news. Some securities industry lost more than 20% of their value on the Athens Stock Exchange. It has also closed down 4.51%.

Caution

In Paris, investors have decided to extend the rally started vendredi.Cet optimism was tempered, however, by indicators in the euro area and France who fear a recession. The publication of the PMI in October in the euro area showed an increased risk of recession. Contraction accelerated to $ 47.2, against 49.1 in September.These indicators are reminders of the fragility of the European economy and the urgent need to halt the crisis.

Highly vulnerable to swings in investor sentiment, banking stocks have evolved sawtooth. Societe Generale has finally closed up 4.11% to 19.75 euros, Credit Agricole gained 2.77% to 4.97 euros and BNP Paribas climbed 0.69% to 32 euros.

Renault, which goes like rival PSA Peugeot Citroen, use measures of short to deal with a slowdown in demand, has closed up 2.83% to 28.30 euros. Air France-KLM has won his side 2.20% to 5.75 euros, while the new management group has given priority to "react to the emergence of new competitors, especially low-cost airlines," said the boss of the group, Jean-Cyril Spinetta.Icade, despite the publication of a revenue increase of 11% in the first nine months of 2011, ended down 1.08% to 64.30 euros.

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Public expectations for the beautiful game

Bingo. More than blueberries (or hopes), the girls create the surprise sport in 2009 and 2010 during the qualifying matches in the Women's World Cup 2011. Helping performance, each game attracts between 300,000 and 400,000 viewers on TNT channel, reaching over 700,000 fans August 25, 2009, for the first prime-time (France / Serbia).

Rebelote in 2011. Building on this success for the Hearing, Direct 8 means in effect in 2010 with Eurosport, a subsidiary of TF1, the rights of the Women's World Cup 2011, acquired at the same time as the Men's World Cup 2010. Coproducts and codiffusés by both channels, games are a success hearings.Especially since the disappointment surrounding the men's team at the World Cup in South Africa in 2010 frustrated football fans. "After the episode of Knysna, there was a latent expectation of the French for the beautiful game and a fighting team, Fabrice Lorvo analysis, a sports marketing specialist at FTPA. The public was ready to ignite their national team. The spark, it is the girls who brought them. "

To date, the semi-final France / USA Women's World Cup represents the historical record of the chain … and all channels TNT (2.43 million viewers, 17.4% audience share). Normally, the average audience of Direct 8 between 2 and 2.5% market share. Since then, the magic continues.Since the start of the qualifying matches for Euro 2013 Blue to seduce between 720,000 and 940,000 fans.

The appetite of the major broadcasters would raise prices

Given this popularity, the chain does not stop there, and is now attacking the European and national. "If a French club in 2012 reached the final of the Champions League Women, we might be candidates to UEFA to broadcast the match," said Thierry Cheleman. Last year, the epic European Lyonnaises, who had won the competition against Potsdam, had already resulted in an audience of 1.2 million viewers (4.9% market share), peaking 1.9 million. Meanwhile, the management of Direct 8 has made an offer to FFF for TV rights of the first women's division (D1) over the period 2012-2014.Insufficient supply, Eurosport and France Television has won the set in August.

It is the flip side: the structuring of the market for women's football TV rights could eventually crowd out smaller players. "For the TV rights are the subject of a market requires that the images are produced and disseminated. Two years ago, it was not the case for women's football. Direct 8 that produces the games itself, has allowed the emergence of women's football on television in the clear, "Fabrice Lorvo analysis. On average, the chain said spend between 40,000 and 50,000 euros per game. The emergence of such a market whets the appetites and proposals for new broadcasters.

For the giants of the sport are Eurosport and Canal + could well participate in the cost inflation of rights, if performance women are superior to those of men.Inflation that is already seeing Thierry Cheleman, even if they are about 100 times lower than those of men. From this point of view, the acquisition by the pay channel Direct 8 could be an asset, "even if it is too early to draw clear ambitions to Canal + for Direct 8 on women's football," he concludes .

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An artist's view of future gas stations cheap Total Access. (CD Total)

Exactly 523 of 620 deputies voted "for", said the chairman of the meeting Norbert Lammert. Germany is the eleventh country to approve the expansion of the envelope and the powers of the European emergency fund created in 2010 to assist countries in the euro area in need. This will be the largest contributor.

The new rescue plan foresees an expansion of European powers of the fire in the euro area, the Financial Stability Fund (EFSF), and increased its capacity from 440 to 780 euros milliarsd.

The head of the Republic Standing employees do not like standing. Or rather is left standing vendors unnecessarily. After a half-hour interview, Nicolas Dupont-Aignan leaves the impression of having really thought about what a recruit.

The one he recalls with Philippe Séguin to those he leads today with the employees it recruits in town hall or in its movement, NDA puts forward some principles. Recruiters, he advises not to destabilize. Candidates, he said, especially not artificially try to stick to the post, do not rewrite their CVs to look at all costs to what is required paydayloans.The bluff always ends up seeing.

And, for the presidential, he idea for the interviews turn into really good jobs for the economy? A "simple idea proposed 100 times": when a company makes a profit it reinvests in France, reducing the corporate tax of 50%. " Political side, which he recruit? Which woman or politician would it work? Arnaud Montebourg. Why not, the ideas are close, as the generation, the former lawyer and professional employee. The team could work. Be careful with egos in the bullpen …

Markets are waiting with some anxiety the president's speech to the U.S. central bank, Ben Bernanke, the outlook for the U.S. economy. An hour and a half ago, the U.S. government has released its second estimate of GDP for the second quarter. The consensus growth overseas could fall by 0.2 point to 1.1% from the first estimate. On Thursday, weekly jobless claims declined.Causing a sharp decline in U.S. stock markets.

On the corporate side, the ball results Essilor continues with the program on Friday morning.

Essilor International reported first half sales of 2.06 billion euros, up 6.9%, the band announced via a press release issued in the edition of Les Echos to appear Friday instant payday loan.

Financials

The ban on short selling financial stocks on Thursday was extended to France, like Italy, Spain and Belgium, and the Financial Markets Authority (AMF) said it would review its position by late September.

Total expected to present a reorganization in the fall of scale of its operations downstream, with a planned merger of its refining and petrochemicals, according to Les Echos, citing union sources.

As for oil, prices were mixed Friday morning during electronic trading in Asia, in a sluggish market, before the highly anticipated speech of the head of the U.S. central bank (Fed). In morning trading, a barrel of "light sweet crude" for delivery in October gave 10 cents to 85.20 dollars per barrel of Brent North Sea crude for October delivery took 19 cents to 110.81 dollars.

It is in extremis, on the night of Sunday, which is reached an agreement on raising the ceiling of U.S. debt, after a speech critical of President Barack Obama. Two days before the deadline set by the U.S. Treasury, the stakes were high: without this increase, at least 2.1 trillion dollars, the United States, on the edge of default, could sow the wind panic on financial markets.

Barack Obama has managed to generate compelling reconciliation of Democrats and Republicans on this agreement, investors now hope to see a bill passed in the coming days. But that will depend on the Congress which has yet to give the green light, no later than Tuesday night. Similarly, no one knows how to react, however, the rating agencies. Despite the compromise finally reached on the debt, the loss by the United States, their AAA rating is not excluded and would have severe repercussions on the economy and markets.

After selling more than 4% last week, which will remain the worst of the year, the Dow had yet started the day up 1.10% at 12,277 points.Standard & Poor's 500 and Nasdaq 100 progressed to their respective share of 0.86% to 1303 points and 2785 points to 1.05%.

The manufacturing sector to the death

At the macroeconomic agenda, a bad surprise helped to fill the atmosphere: the growth in manufacturing in the United States slowed in July against all expectations, according to the purchasing managers' index released Monday by the Institute for Supply Management (ISM), which fell to its lowest level in two years. The index of manufacturing activity of this organization stood at 50.9 last month, its lowest level since July 2009, against 55.3 in June. The market economists polled by Reuters on average expected 54.9.

Construction spending in the U.S. have also increased by 0.2% in June, according to figures from the U.S. Department of Commerce published Monday.These expenditures reached 772.3 billion dollars, while analysts polled by Reuters had forecast a rate unchanged Same day payday loans.

This week, analysts said Aurel BGC, "investors will focus on indicators confirming whether a rebound in growth. In view of the latest indicators movement is far from certain. Auto sales (Tuesday) and retail sales side on Wall Street for the month of July will be eagerly awaited. This weekend, the employment figures will be released by the BLS.They will be very affected by the lay-off of 20,000 staff in the State of Minnesota. "

73% of companies did better than expected

The European steelmaker ArcelorMittal and U.S. mining company Peabody Energy (-1.48% to 56.62 dollars) on Monday made a hostile bid on the Australian Macarthur about 4.7 billion Australian (about 3, 6 billion euros), after the failure of talks to reach an amicable agreement. The board of Australian mining group declined Monday to support the joint bid from ArcelorMittal and Peabody to 15.50 dollars per share.

The title of the American manufacturer Ford (1.23% to 12.36 dollars) could take 25% as the group reduced its debt, is launching new models and trying to expand in China and India where he remained late over its competitors, said Monday the magazine Barron's.

Shares of online retail Amazon.com (-0.54% to 221.32 dollars), which is just below its record high, could earn 10% to 25% if the investment result rapid growth of its retail operations, cloud-computing and Kindle reading light, said Monday the magazine Barron's.

The railway company of the UAE, Etihad Rail, said Monday it has ordered seven locomotives Electro-Motive Diesel, a subsidiary of U.S. manufacturer of construction equipment Caterpillar (1.95% to 100.72 dollars).

On the corporate side, after Merck (-2.05% to 33.43 dollars) and Chevron (1.32% to 105.39 dollars), which published its quarterly results Friday, the ball of publications in the U.S. coming to an end.Nearly 65% ​​of companies have indeed published their findings in the U.S. and 73% reported earnings above expectations.

Among the publications planned the first week of August, include those closely watched CBS, Cephalon, and Pfizer (Tuesday). Will be followed by Comcast, Time Warner and Mastercard (Wednesday). Then, Kraft Foods (Thursday), Procter & Gamble and Viacom (Friday).

In New York, the courts have even touched 89.69 dollars in session, their lowest level since Feb. 21. In London, a barrel of Brent North Sea crude for August delivery fell to 105.72 dollars, its lowest level since May 6

The backlash follows the decision of the International Atomic Energy Agency (IEA) to use its strategic reserves to bring to market 60 million barrels of oil. The idea is to compensate for the cessation of Libyan exports.According to the Agency, the events in Libya have deprived the market in late May of 132 million barrels of crude oil and "the further tightening of the oil market" resulting "risk of jeopardizing the fragile global economic recovery," says a statement.

The United States is "ready to do more if necessary"

Specifically, the 28 member countries of the IEA will release market two million barrels per day over a period of thirty days. A level which could be reviewed according to changing circumstances.

The United States will participate in this effort up to 50%, 30% for European countries and Asian countries for 20%, explained the executive director of the IEA, Nobuo Tanaka. The U.S. Department of Energy confirmed that it would draw 30 million barrels in reserves, currently at a "historically high" of 727 million barrels."The United States is prepared to do more if necessary to address this problem," the same official said on condition of anonymity, noting that an evaluation of current measures would be carried out after a month.

For his part, "France will contribute in proportion to its consumption, or 3.2 million barrels, equivalent to about 2% of French strategic stocks," said in another statement the Minister of Energy Eric Besson .

Surprise

For investors, this intervention is a real surprise. "It was mentioned last week in the markets but it was not included in the exchange, said an analyst at Saxo Bank personal loans for people with bad credit. No one expected that such action is taken now, it's very rare, "he adds.This is actually the third time in the history of the IEA, created after the 1973 oil crisis, that such action is taken. The members of the organization had already put to their stockpiles after the invasion of Kuwait and Iraq in 1990 after Hurricane Katrina that struck the United States in 2005.

This exceptional measure of the IEA should have the effect of increasing the available supply in the markets. It comes after the announcement Wednesday by U.S. Agency for Energy Information, a stronger-than-expected weekly oil stocks. "The IEA seeks to defuse the situation to avoid a price rise when the summer travel season approaches," says one at Saxo Bank. This announcement also appears as a response of industrialized countries to the failure of the meeting of OPEC countries in Vienna on June 8.The latter had failed to agree on an increase in their production quotas to slow the rise in prices.

Morose context

The announcement of the IEA is also grafted to a more worrisome macroeconomic environment for the oil markets. The U.S. central bank lowered its growth forecast Wednesday for the United States, she sees now under 3% for 2011 and increased its forecast for unemployment. Thursday, the idea of ​​a slowdown of the U.S. economy was confirmed with the announcement of an unexpected rise in jobless claims last week in the leading consumer of oil. In China also, the index of HSBC measuring manufacturing activity fell in June to its lowest level in eleven months.

"Wherever you look, it appears that growth is slowing," summed up Phil Flynn of PFG Best."This bodes ill for energy demand: this suggests that the measures taken by the Chinese government to slow the economy may be working too well, especially in a slowing U.S. economy and difficulties in the euro area "he added. In this atmosphere, "if there is a rebound, it will not be exceptional. It should not exceed 100 dollars. But instead we see prices stabilize at 90-95 dollars, "warns Saxo Bank.

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In the longer term, the ministers also laid the groundwork for a new plan. In fact, new support is essential to Greece to avoid bankruptcy in the longer term, the foreground is revealing enough. And this time, the private sector should be involved. Banks and other private creditors and participate in this new plan free instant credit score. However the contours of that plan remains to be defined.

"The ministers agreed that the additional funding required will be financed both by official and private sources" indicate the ministers in their statement.They "welcomed the goal of voluntary involvement of the private sector in the form of roll-overs informal and voluntary debt Greek existing mature," he added. The "debt roll-over" means, in financial jargon, the fact that creditors when loans mature, replace them with others of a similar amount. Ministers stress that this operation should be a contribution "substantial" in the Greek program "and avoid a default (of payment) selective" in the country.

Small flat, the "main parameters of a new funding strategy clear" should be defined "by early July," indicate the ministers.While they had initial aim "to discuss the participation of private creditors," stated Jean-Claude Juncker, adding "the question is" how far it can and must go. "

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