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The mood is sullen at the Paris stock exchange after the sharp declines seen the day before (the CAC 40 fell 1.31% and fell below 4050 points). On Thursday, the benchmark index of the Paris Bourse lost 0.95% to 4004.87 points at closing and narrowly saves the technical threshold of 4000 points.

Same trend elsewhere in Europe. London's FTSE was down 1.07% at 5919.98 points and the Dax was down 0.04% to 7376.96 points. Both indices had suffered the heaviest losses the Cac yesterday.

On the foreign exchange market, the euro lost ground after the ECB, which met in Helsinki, has decided to keep interest rates unchanged at 1.25%. The single currency traded at 1.4599 euros (-1.54%) after again exceeded $ 1.49 during the meeting Wednesday.Furthermore, oil inventories surged against all odds, which gave the lead in using oil, which fell below $ 110 in New York yesterday, which always move in the fall on Thursday.

Bad news on the employment front U.S.

Statistical side to follow on Thursday: orders to German manufacturers have accused their first decline in March of this year, falling by 4% over the month as analysts awaited a stagnation, according to figures released Thursday by the Ministry of Economy.

In the U.S., nonfarm productivity rose more than expected in the first quarter, while unit labor costs has rebounded more strongly than expected, according to preliminary data released Thursday by the U.S. Department of Labor.Productivity, which measures hourly output per employee grew at an annual rate of 1.6% over the period January-March after rising 2.9% (revised from 2.6%) in the previous quarter. Over the period, the unit cost of labor has on his side rebounded 1.0% after having fallen by 1.0% (revised from -0.6%) over the last three months of 2010. Analysts had forecast an increase of 0.8% in the first quarter.

In addition, new jobless claims in the United States rose dramatically during the last week of April. The employment figures that will fall tomorrow, Friday, are eagerly awaited.Yesterday, investors learned that ADP figures have reported a creation 179,000 jobs in April, less than expected.

Societe Generale falling, Carrefour sentence

Side values, a publication of rain is still falling on Thursday including the quarterly results disappointing Societe Generale, driving down the stock price of 4.98% to 43.25 euros, lead the CAC.

After the excellent figures given yesterday by BNP Paribas (-0.13% to 53.98 euros), the first bank in Europe, SocGen announced a net profit of 916 million euros in the first quarter, down from 13, 8% over the same period of 2010 attributed to an accounting effect related to the revaluation of its own debt.

Also at sentencing, the retail group Carrefour (-1.93% to 31 euros), which announced Thursday the departure of its Executive Director James McCann France and the postponement of a controversial quotation of its real estate subsidiary, but maintained its draft rate 100% subsidiary of Dia and its financial targets for 2011.

Lafarge (-0.95% to 45.24) reveals a net loss of 29 million euros in the first three months of the year for a turnover up 9% to 3.55 billion euros .

Legrand (-2.51% to 29.69 euros) in the first quarter increased 13.7% in sales and 41.2% of its net profit, thanks to emerging markets and new market segments which the group has made a priority, which has confirmed its annual targets.

Bureau Veritas (-0.10% to 58.25 euros) confirmed anticipate strong growth in its turnover and adjusted operating profit this year after an increase of 23.2% of its activity in the first quarter .

Axa (+0.20% to 15.02 euros) expressed confidence in improving its profitability despite a drop of 2% of its turnover in the first quarter to 27.92 billion euros.

Maurel & Prom, Arkema and Capgemini climb

The independent oil company Maurel & Prom announced Thursday want to split and rate of its independent subsidiary in Nigeria, whose shares will be distributed to the shareholders in proportion to their participation in the group. The action takes off from 4.41% to 14.68 euros this morning.

Arkema (7.02% to 73.49 euros).The net profit quadrupled to 151 million euros and EBITDA (EBITDA) reached 17% of sales through an increase much higher than the market.This puts us among the best chemists.

The French group Capgemini consulting and information services (+0.19% at 40.58 euros) saw sales increase by 14.5% in first quarter 2011 to 2.3 billion euros and confirmed its objectives of achieving a growth in turnover of between 9 and 10% for the year.

The producer of wines and spirits, Pernod Ricard (1.94% to 68.28 euros) Thursday announced an increase in its turnover in the third quarter and confirmed its targets for its entire fiscal year (July 2010 – June 2011).

Air Liquide (0.56% to 97.58 euros) wants equity for the premium

Its CEO said he was open to the principle of paying a bonus to employees in case of dividend increase, provided to maintain the equity in a group with more than three-quarters of the members are outside France.

Alstom: -0.90% to 42.24 euros Moody's raised its outlook on the Baa1 rating on the group stable, negative cons.

Total: -1.41% to 41.17 euros, GDF Suez: -0.77% to 26.48 euros a parliamentary commission on Wednesday passed a bill to ban UMP in France in the exploration and exploitation of unconventional oil, gas and oil shale.

Michelin (-0.69% to 66.05 euros) announced an increase in the price of its truck tires, civil engineering, public works, agricultural and handling in Europe to meet the continually rising cost of raw materials.

TF1 (-2.01% to 12.41 euros), which has suffered several setbacks during the hearing last month, decided to appoint a new program director, Jean-François Lancelier, which takes the place of Laurent Storch .

The French chemicals group Rhodia (+0.37% at 31.59 euros) on Thursday posted a net profit of 151 million euros in the first quarter more than doubled over one year and raised its profitability target for 2011 , to become a recurring gross operating profit of "more than 1 billion euros."

Veolia Environnement (+0.52% at 22.26 euros) on Thursday posted a turnover up 11.3% in the first quarter thanks in particular to the resumption of its activities in the waste.

Mr. Bricolage (-0.57% to 13.97 euros) confirmed its targets for 2011 after publishing a stable turnover in the first quarter to 135.2 million euros.

Gifi (2.43% to 76.20 euros) registered a growth of 5.2% of its turnover for the first half of its fiscal year 2010-2011, to 351.3 million euros.The turnover of the group's second fiscal quarter ended March 31 rose 7.5% to 139.1 million euros.

Cegedim (+0.35% at 42.50 euros) has reported a sales increase of 2.9% as reported to 211.5 million euros, but down 1.4% comparable data available, and maintained its target of 4% growth in turnover for 2011.

The food group Bonduelle (0.72% to 68.60 euros), specializing in vegetables, posted a rise in its turnover for the third quarter from 14.6% to 421.6 million euros thanks to an improvement in consumption, particularly in eastern Europe, according to a statement.

Union leaders had expected that the 1 May 2011 be a little raw. It is clear they have struggled to mobilize. In Paris, the procession was attended by 12,000 people Sunday, against 21,000 in 2010, told AFP the police headquarters. Organizers say 30,000 people joined them.

The secretary general of the CFDT Francois Chereque was present at the head of the cortege left shortly before 15 hours instead of the Republic, like that of Luke Berille UNSA and FSU Secretary General Bernadette Groison. The general secretary Bernard Thibault of the CGT, which was also manifest, was ultimately unable to move "because of major back problems," said his entourage told reporters.

Leaders of the Left also participated in the parade: Francois Hollande Olivier Besancenot through Eva Joly, Jean-Luc Melenchon or Marie-George Buffet.The spokesman of the Socialist Party, Benoît Hamon, the number two party, Harlem Desir, or members Bruno Le Roux, Sandrine Mazetier and President of the Ile-de-France, Jean-Paul Huchon were also behind the banner PS.

The leader of the Socialist Party, Martine Aubry, has, meanwhile, marched in Lille. "We do not have to be in the streets to celebrate International Labour Day," said the first secretary of the PS about the sparse parades, saying that employees would demonstrate "in 2012 at the ballot box."

Attendance was up for the parade FN

In the regions, the mobilization was also low.In Marseille, among 2000 people by 5000 according to police and organizers, marched through the streets between 1200 and 3500 people in Toulouse between 2200 and 3300 in Lyon, between 2200 and 3000 in Bordeaux between 1200 and 3000 in Strasbourg between 700 and 1000 in Lille and between 450 and 1000 in Rennes my credit score.

It was also shown to Pau (800 to 1200), in Angoulême (500), Besancon (500 to 1000), Brest (250 to 300), Nancy (700 people according to the unions) and as at Dunkirk, in Orléans and Caen.

These figures were more than expected from a trade union unity has disintegrated somewhat. "The character of this holiday is both less said, the day falls on a Sunday," observes Marcel Grignard, number two of the CFDT.In 2009 the protesters were much more likely because of the crisis, and in 2010 the fear of the pension reform, just before its unveiling, had been a factor in turnout.

On the other hand, the parade of Marine Le Pen Paris, focusing on the workers and popular classes, has mobilized more than expected among 3200 people according to police and 20,000 according to the FN (against 2000 and 8000 according to the police according to the FN last year).

"May 1st, we are the popes of the earth"

Besides purchasing power – the secretary general of the CFDT, Francois Chereque, called on Europe 1 radio on Sunday increased the minimum wage beyond the 2% rise tentatively scheduled on July 1 – the themes that defended Unions are talking years' support for the Arab peoples who rise to the dignity and freedom, "and" equal rights "between French and foreign workers in response to" national preference "advocated by the National Front , a rise in the opinion polls.

Winks comedy peppered some processions. "May 1st, we are the popes of the earth", alluding to the beatification of John Paul II. But also slogans in opposition to the FN, as in Rennes' French workers, immigrants, same bosses, same battles. "

The player has to use default in the articles of figaro.fr.maj1

Design software in France is a little less risky. "In the French edition software, 2010 was a year of crisis. The growth of turnover was 16%, to 4.7 billion euros, "said Bernard-Louis Roques, CEO and founder of Truffle Capital, a venture capital firm that finances the ranking of players, called "Truffle 100." He added: "The editors have maintained their investments, especially those for research and development, during the crisis cash till payday. This behavior partly explains the low investment growth Publishers in 2010. "

As for results, the situation improves. "The margins are restored. Net income more than doubled, "added the expert. The first hundred publishers have earned a cumulative result of 543 million euros against 254 million in 2009. It is better but small compared to the situation abroad.

While China has already provided support to European countries struggling with debt problems, such as Spain or Portugal, it could again give them a boost. The central bank governor, Zhou Xiaochuan, said on Friday that "despite difficulties in some European countries, China supports strong to overcome their budgetary difficulties and succeed in their economic recovery."

Moreover, Zhou Xiaochuan said China is "very confident in the euro area and its ability to overcome the crisis. What about European countries in difficulty, the governor said: "We have confidence in their economic prospects." A response to the wave of downgrades by Moody's sovereign these days, that hit Greece and Spain.

China pledged last year to support the euro zone countries face the rising cost of sovereign debt, worsened by U.S. rating agencies. The Spanish daily El Pais had reported in early January that the Chinese government planned to buy six billion euros of debt in Spain. In December, the Portuguese daily Jornal de Negocios wrote that Beijing was ready to buy five billion euros of debt Portuguese. At the end of last year, the chief economist of the bank Natixis, Patrick Artus, had considered buying Chinese Greek debt to several hundred million euros. Beijing has never confirmed any of these amounts.

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If the Tunisian and Egyptian revolutions have little impact on financial markets, one that shakes Libya far more impact. Tensions in the country, which is one of the largest exporters of oil directly affects the price of gold and black strong impact on European stock exchanges (Paris, London, Frankfurt, Milan, etc..) Asian (the Nikkei has lost nearly 1.8% this morning) and American (the index futures point to sharply lower opening on Wall Street this afternoon).

On the foreign exchange market, concern is also affected. Investors, for whom uncertainty is the worst phobias, put their appetite for risk and protect themselves in the closet. How? By placing their ball in the values called "refuge", such as gold, the dollar or the Swiss franc.In contrast, the euro, it is shunned.

Thus the European currency slipped below $ 1.36 on Tuesday morning, facing a greenback sought. Around 11 am, the euro is trading exactly at 1.3574 dollars, down 0.8%. Strong increase in the foreign exchange market.

According to technical analysis – that is to say, the analysis using only graphics – a bullish retracement could take place if "we manage to hold above this level." Conversely, the break of 1.3540 support to "push the pair to return to the area 1.3430 / 1.3460 dollars," warns XTB.

Outbreak of fever dollar

"Operators now appear in the mainstream during the political uncertainty prevailing in Libya", note analysts from Saxo Bank.The dollar is the first to benefit.

"Then just yesterday the greenback remained stable on its main counterparties, currencies against the U.S. dollar depreciate all": in addition to the euro has risen from about 1.37 to less than 1.36 dolar, the Sterling is currently trading at 1.6140 dollars after fluctuating in a range between 1.6220 and 16240 dollar yesterday during the day. The trend is the same for the Australian dollar loses more than about 80 pips (or 0.0080) against the U.S. dollar during the Asian session: it is trading at 1.0015 dollars against 1.0094 dollars late yesterday evening.

The loonie (Canadian dollar pair / USD) has fluctuated sharply in passing last night of 0.9864 to 0.9821 Canadian dollar before regaining ground this morning at 0.9860.In addition, this pair should know today strong fluctuations during the publication of the retail automotive sector off 0.7% expected in December.

France succeeded his exam. "Frankly, we are satisfied, we are not far from having achieved more than we hoped," let go Sunday a collaborator Christine Lagarde, visibly relieved. It must be said that the meeting this weekend in Paris was a test for the French presidency.

"Not many of you believed in!" Launched Saturday night a French negotiator to reporters, his eyes riveted on the final communique obtained at the price of a colossal task. The strong statements of China before the summit in fact left little hope for an agreement on indicators. Christine Lagarde, herself, had prepared the minds of this hypothesis: it would "not a tragedy," she said."You have no right to fail, it would be the death of the G20!" Was firmly told, however, Nicolas Sarkozy, welcoming ministers and central bankers at the Élysée.

"Not a wink" of the night

The objective was clear: get an agreement, which does someone lose face. During the day Friday, Christine Lagarde received most of G20 ministers to move forward in bilateral negotiations. The dinner that evening was unsuccessful, however, China – backed by Turkey – camping on his refusal to see the exchange rate listed as an indicator of global imbalances. Xie Xuren, the Minister of Finance of China even tried, after dessert, get the support of its German counterpart, Wolfgang Schäuble. This, however, tried to persuade him that an agreement would be beneficial to all …

22 hours, it was the turn of deputy ministers take over.The Director of Treasury, Ramon Fernandez and his colleagues spent the night Friday to Saturday, without a wink. But without success. Several formulation projects were rejected. "I just had time to shave in the toilets before the talks resumed on Saturday morning," confided Saturday Sherpa of the minister, smiling despite the missing hours of sleep.

Saturday morning, the French presidency then decided to leave everything flat. At dawn, Christine Lagarde and Ramon Fernandez were drafting a new compromise text, new working basis: in the new version not only foreign exchange reserves were disappearing, but the exchange rate, although mentioned, were no longer a indicator per se.

Noting this change in tone of the French presidency, during a coffee break, the Chinese Minister Xie Xuren lifted his veto.Still had to approve the document by 18 other countries …. The game was less difficult. During lunch, based on feedback, "we changed a word, then another," says Ramon Fernandez.

At 15 am, a bailiff distributed the final text, while another offered a plate of macaroons designer colors of 20 countries. A general reading was made without objection, which allowed a deal to snatch a few minutes before the closing press conference … "Everyone applauded, but it's true we had doubts until the last time, we recognize in the French camp."The talks were frank and sometimes tense," said Christine Lagarde modestly summary, aware that the hardest work to do to achieve this unprecedented agreement.

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Not present there are still two years, the market for mobile applications is becoming a financial windfall. The numbers are circling: the revenue generated by the market of mini-computer programs to more than double this year to reach $ 15 billion and $ 58 billion in 2014, according to Gartner.

The number of applications downloaded also beats all records. The American firm marketing estimated 8.2 billion the number of applications downloaded applications in 2010. This will rise to 17.7 billion this year, predicts the research department. Apple announced earlier this week have topped the 10 billion of applications downloaded from its App Store since its launch in 2008, "seven billion last year alone."The success of the Apple brand in this area is the wide choice available to 160 million owners of iPhone, iPod touch and iPad worldwide.

Competitors flock

And if Apple dominates this market very well, competition is increasingly strong. Customers can now provide the Android Market, for devices using the operating system designed by Google, the Nokia Ovi Store, the App World of Research In Motion's BlackBerry, Microsoft and Samsung Marketplace apps cheap payday advance.

The development of tablet computers should also provide a new outlet for these mini-computer programs.

This year the free applications are expected to represent 81% of the downloads – which was down but is expected to rise between 2012 and 2014 according to Gartner."Users will begin to pay for more applications when they see the usefulness of the concept, and they have more confidence in the payment mechanisms," according to Gartner. As for revenues from applications, which are generally 70-30% shared between developers and distributors, only 16% were due to advertising in 2010. This should be almost a third in 2014, according to Gartner. Everything leads us to believe that the market should stay much longer flourishing.

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In the wake of a meeting of general decline where the CAC 40 dropped below the threshold of 4000 points, the Paris Bourse was hesitant. At the opening, the benchmark index was down 0.10% to 3972.83 points. This morning, the latest statistics released in China have sealed the trend in Asia on stock exchanges. The closing of the day on Wall Street did not show any signs of optimism for this Thursday.

China's gross domestic product (GDP) of China grew faster than expected last quarter of 2010, with an increase of 9.8% annual rate. Over the whole year, Chinese growth was 10.3%. Great concern of the authorities, inflation has moderated somewhat in late with an index of consumer prices up 4.8% in December against 5.1% in November. It reached 3.3% throughout the past year. Slightly more than the 3% target previously set by Beijing.Shortly after these publications, the Asian indices retreated. Inflation, including measures that could be taken to curb worries.

The news is especially rich in statistics. The bond issue will be well attended in Spain. For 0201tats United home resales are known to 14:30 and unemployment claims at 14:30.

The euro continued to grow and can be treated early this morning at 1.348 dollars. The oil is stable, above 91 dollars a barrel.

Accor Featured

As for values, title Accor (-2.09% to 39.02 euros) was heckled, despite the upward revision of its target of operating profit in 2010 after increasing by 11.8% in sales hospitality during the fourth quarter.

According to our information, Dexia (and the Postal Bank should not set up joint venture but will work through the subscription of the first three billion euros of covered bonds issued by the Franco-Belgian bank.

New twist in Renault espionage case (1.13% to 48.78 euros). The third employee was also dismissed complaint. But unlike the two other employees who have turned against Renault, Matthieu Tenenbaum filed a complaint against X.He also refutes having a bank account abroad.

Nuclear-related values will also be at the center of attention following the announcement of the French construction group DCNS naval considering a proposed nuclear submarine reactor small power supply for the islands and isolated regions and some countries development quick payday loan. The EDF group (-0.06%) and Areva (-0.44%) and the Commissariat à l'Energie Atomique (CEA) will participate in the project.A first prototype released in 2016 or 2017.

In addition, Alstom and EDF Energies Nouvelles (balance to 32.76 euros) have signed an exclusive agreement to meet the future bidding on the French construction of offshore wind, they announced Wednesday in a joint statement.

Later publications, the industrial group Alstom (-2.09% to 33.94 euros) on Thursday posted a 10% increase in orders in the first nine months of its fiscal year 2010/2011, to 12.5 billion euros , while its turnover rose 9% to 15.7 billion euros.

In addition, wines and spirits group Remy Cointreau (1.77% to 52.17 euros) achieved a turnover up 18% to 694 million euros over the same period, marked by an acceleration its sales in Asia and some recovery in Europe, according to a statement Thursday.

Kaufman and Broad will publish it and its annual results.

Sanofi-Aventis (-0.39% to 50.56 euros) a second time should extend its takeover offer from Genzyme to allow time to finalize the terms of an agreement that will eventually conclude with the American specialist rare diseases, say experts interviewed by Reuters.

BioMerieux (5.13% to 78.32 euros, the biggest increase DTH) has reported a turnover of organic growth of 4.9% in 2010 and expects an increase in revenues the order of 5 to 6% for the year.

The banking sector remains attentive to the statements of the International Monetary Fund began a series of stress tests on the largest banks in the United Kingdom, Germany and three other European countries at a time when the EU is trying to define terms of its new "stress tests", destined to be tougher than previous ones.

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Audience measurement of the press takes a decisive step in France. All families Releases – magazine, daily, national and regional levels, pay and free – have decided to launch the study One. Unique study of reference, it will bring the measure of all the readings of all forms of mainstream press in France. One will replace the current studies and EMPA (magazines) and EPIQ (daily) "renewing depth audience measurement of the press. The modernity of the medium, its power, its ability to focus and diversity will finally be able to speak in such a study, "said Xavier Dordor, the CEO of AudiPresse, interprofessional research firm Press.

A budget of 4.5 million euros

One is a budget of 4.5 million euros per year.Investment in research and qualitative and quantitative tests has required an investment of nearly $ 1 million. One benefit from the largest sample in Europe: 35,000 and 15,000 interviews yearly national departmental interviews fast cash loans. The study will measure the readings of more than 200 national titles in all intervals, those of all regional dailies and weeklies those premises. In total, more than 500 brand logos release that will be incorporated into the study, which will also measure the digital readings of the press.

The completion of the study was carried out by the Ipsos institute that carries out the ground-share with TNS Sofres. The first results on the entire interview will go out in a year. Given the power of this new database, major publishers will have to run monthly results."It's a building site two years finds its culmination, is Xavier Dordor. It was attended by media owners, specialists studying agencies, among advertisers and governed, with the full involvement of the Board ".

U.S. economist Jeffrey Sachs, special advisor to UN Secretary General Ban Ki-moon and professor at Columbia University, spoke today at the conference "New World, New Capitalism", organized in Paris by the Minister Industry Eric Besson, in the presence of François Fillon and Prime Minister of Greece George Papandreou. Father of the liberal shock therapy in Russia of Yeltsin, Sachs, who has advised many governments, has evolved over the years in cross-interventionist in the fight against poverty.

LE FIGARO. – The European Union will she have to save other Member States this year?

Jeffrey Sachs. – I am more optimistic than most of my fellow economists about Europe. I think the euro will resist and that countries have chosen the difficult path of austerity will hold good.The bailout of Greece and Ireland's long overdue and has been implemented grudgingly, which was expensive in Europe. I agree with these plans, with one caveat: in the case of Ireland, where the weight of private debt is large, the government guarantees to banks have been too generous to me.

The French economic model he was protective against the crisis?

As an American, I am tempted to say, especially to the French right long seduced by liberalism in the U.S.: do not go to the American model! The United States undergoing a structural crisis much deeper than Germany or France. United States, unemployment reached 10%, income inequalities have never been so blatant, and the budget deficit weighs 10% of GDP. The financial system and labor market deregulation are the cause of this crisis.The heart of Europe – except Italy, which has its own political problems – France, Germany, the Netherlands, Scandinavia are much more balanced, more resistant, more competitive in the long run than the States USA.

How the West can they stay competitive?

Global competition is intense. You can increase competitiveness by lowering wages of unskilled workers or, conversely, promote education. The crisis has led to a decline in consumption. Rulers had the choice between stimulating the consumption or boost investment. The second option was the best, not one chosen by the United States, who preferred short-term policies. The recovery requires investment in major infrastructure, the green economy and human capital. Stimulate consumption is a very naive approach.The scrapping, for example, in vogue in many countries, is an easy solution, but absurd.

Are you in favor of reforming the international monetary system?

The dollar has already begun its decline. An international monetary system based on multiple currencies is needed. We must first restore the credibility of the euro. Second difficulty: Asia. The yuan prevail there as the Asian currency or will he monetary cooperation with the Japanese yen and Korean won? The yuan is not even a true international currency, but China probably has a plan to transform the next ten years or even faster.If Europe speaks with one voice (there was dithering in Germany), while Asia also agrees, then the monetary system will be based on three pillars, the euro, Asian currencies and the dollar .

In this context of weak growth and debt in the West, China Will it extend its control over Europe?

No need to be a genius to see that China is trying to recast the global economy. It saves half of its GDP! This accumulation of wealth is spectacular. One part feeds the fastest urbanization in history, which involves the construction of infrastructure, roads, power plants on a scale without precedent. China has also become the largest investor in Africa. She also played an important stabilizing role for the euro. Premier Wen Jiabao said China would continue to purchase debt securities Greek, Portuguese or Spanish.On the other hand, China is the source of rising world prices of energy and power. What she did not properly managed, are its natural resources. She is going through a profound environmental crisis. But this is twenty years I reiterate that China's growth is strong and she changes the world.