The warning came Tuesday from the Bank of England (BoE). "I think it would be unwise to say that this risk does not exist", said in an interview to The Times Martin Weale, who joined in July, the Monetary Policy Committee of the Central Bank. Martin Weale has raised the risk of rising unemployment, lower housing prices and a new crisis in the banking sector."There could be a sovereign debt crisis or it could be a new crisis of liquidity in the private sector," he said. The economist also said that the BoE's forecast, which assumes 2.8% growth in 2011 in England and 3.2% in 2011, could prove too optimistic.

U.S. housing decline

His remarks have increased the nervousness of the markets, which were significantly Tuesday on the downside. The poor performance of the U.S. housing sector that is highly sensitive for triggering the financial crisis and global recession, have added to tensions.Sales of existing homes, which represent between 90 and 95% of the market in July has been an unprecedented fall of 27.2%, falling to their lowest level since 1995, according to data from the National Association of Realtors (NAR) payday advance.

The market suffers from April to the end of the tax credit on buying a first home. Shortly before the publication of these statistics, the chairman of the Federal Reserve Bank of Chicago, Charles Evans, acknowledged that the risk of relapse was increased in the last six months but said "it is not the end most probable. " He expressed concern at the continued strength of the recovery, even though the second estimate of GDP in the second quarter, due Friday, should be revised sharply downward to 1.4% against 2.4%.

In Europe, the wave of rigor that will weigh on the recovery.Even rating agencies are worried. Having sanctioned the debt spiral States, first of Pigs (Portugal, Italy, Ireland, Greece and Spain), which has led most states to adopt austerity plans, a study by Moody's published before yesterday stressed the risk posed by these savings measures on growth in the short term and the rating states. These concerns about growth in Europe have prompted the agency to lower its rating on Greece, Portugal, Spain, Ireland and outside the euro area, on Hungary. "We carefully monitor the ways chosen by governments and their potential to generate growth," says the agency remains confident that the marking of France, Germany and Great Britain, even though these notes have weakened since the crisis.

In the past month, little more than 3,000 mergers and acquisitions have been recorded by Dealogic, but they were larger and ultimately totaled some 241 billion dollars. This amount had not been exceeded since December 2009, when analysts were anticipating a return of marriages companies.

Unless the meantime, the European crisis and volatility in financial markets have cooled the planet finance. And engagements have been postponed.But now that the equity markets stabilize, that Europe has erased all fear most about its viability and that the U.S. economy marked positive signs, a new wave of mergers and acquisitions could emerge. Above that company accounts have significantly cleaned up and financing conditions have also improved over the last few months.

But, given the length of the process, do not expect a peak to occur before the end of the year or early next year.

A climate still uncertain

If Sanofi-Aventis materialize its operation to about 20 billion dollars over Genzyme, the counter of mergers and acquisitions would be more energized.And the big investment banks that advise companies in discussions, would be delighted to manage more than big business.

But analysts said the large operations in July – for example, EDF and the China Cheung Kong $ 6.9 billion – were already in the pipes, and it is too early to predict a genuine resumption of the M & A (Merge and Acquisition) in the world. There are still too many uncertainties about the evolution of world economies.

Funds return

Investment funds account for 27 billion worth of M & A in July alone. A larger weight should be maintained, after the years 2008 and 2009 of discretion. These funds have indeed considerable resources.

2010 promises to be better than 2009

In 2009, mergers and acquisitions fell by more than half compared to 2008.Of the first seven months of 2010, nearly 1.5 trillion dollars of deals are made. It is almost 15% from a year before.

But we are still very far from the previous cycle peak of M & A – in 2007, the volume has reached 4.000 billion dollars.

ALSO READ:

"Mergers and acquisitions are picking up (study of IntraLinks July 8)

"2010 will sign the back of mergers and acquisitions"

On the foreign exchange market, the euro is strengthening its progress against the dollar Friday on funding fears of slowing economic recovery in the United States. In the morning, the euro was at 1.2975 dollars against 1.2941 dollars the previous day. He subsequently crossed the threshold of $ 1.30. A first for over two months.

On the side of values, the Internet giant Google has released the Thursday after the close a net result up 24.3% in the second quarter to 1.840 billion dollars for the second quarter on a turnover of 6 8 billion dollars (24%). The action yields 5.37% to 467.70 dollars.

The BP oil company, also traded on Wall Street, said Thursday at the very end of the meeting that spillage of oil had been observed after complete blockage of the wells caused the oil spill in the Gulf of Mexico Bad Credit Payday Advance. However, the title gives 2.49% to 37.95 dollars.

Always on the side of values, the investment bank Goldman Sachs said Thursday after agreeing to pay closing $ 550 million of Ammende (425 million) to end the accusations of fraud regarding the marketing of a product derived from subprime mortgages. It is the largest penalty ever paid to the stock exchange authority, the Securities and Exchange Commission, in a Wall Street firm and the third highest all U.S. companies combined. Investors seem relieved. the title is 2.81% to 149.26 dollars.

Apple has invited journalists to a press conference this Friday, then multiply that rumors of a possible recall of four new iPhones, including an antenna problem has been confirmed by an influential magazine. title wins 0.55% to 252.83 dollars.

The banks should also react Friday to the adoption yesterday by the senate of the reform on Wall Street. Besides the publication of their results. Bank of Amercia plsu yield of 6% to 14.42 dollars and 3.58% Citi 4.01 dollras.

In Paris while the CAC 40 has lost about 5% in just four sessions of sharp decline – 10.5% after winning nine consecutive sessions of gains – the hesitation gave way late in the session at a beautiful hike .The CAC 40 gained 1.61% at 3576.45 points.

The euro was down, circa 1750, at 1.2337 dollars (-0.40%), while the gold – even likely – is still dealing $ 1,250 (-0.29%).

A well-attended American Statistical

At the European Central Bank, the M3 money supply fell by 0.2% in May, and remains unchanged over the month. Credit to private sector in euro area gained 0.2% in May over one year, after increasing 0.1% the previous month, according to preliminary results announcement on Monday by the European Central Bank

On the macroeconomic front, U.S. consumer spending rose 0.2% after remaining flat in April, according to statistics released Monday by the Commerce Department. Economists and analysts polled by Reuters had forecast an average increase of 0.1%.

The household income has risen in parallel by 0.4% after rising 0.5% a month earlier.Real disposable income has increased it by 0.5% in May after rising 0.6% the previous month.

The savings rate of Americans has reached 4.0% against 3.8% in April, which represents an additional savings of 454.3 billion annual rate, the highest level since September.

The index of consumer prices PCE excluding food and energy, rose 1.3% over the last 12 months, the Commerce Department said, against 1.2% in April.

But the statistic most watched this week will be the number of applicants for overseas jobs, which will be released Friday, which should mark a break in trend, with new positions expected destruction.But a rebound in employment in the private sector is also expected on Friday to reassure the markets, analysts said Aurel Bgc.

The tax credit: disagreements

Priority of Paris and Berlin, the tax credit has received a cold reception in Toronto at the G20. Despite support from Washington and London, the final communique does not mention the tax lip as a legitimate option for banks to charge up the pieces of the crisis.

In contrast, three of Basel, the beginning of compromise seems to be emerging.The reform of financial regulation will be based primarily on strengthening capital standards imposed on banks, not the end of 2012 before.

On Monday just before noon, bank stocks are well oriented, but unequally: BNP Paribas stands out, gaining 2.48%, Societe Generale has assembled no more than 0.70% and 0.02% Credit Agricole.

Banques populaires Caisses d'Epargne According to information Wansquare, BPCE Foncia has decided to withdraw the sale. The preparation of a new law on directors and the rout of Urbania Group took account of the sale of the land.

Casino: -0.08% to 62.72 euros Jean-Charles Naouri, CEO of the group, delivered at Figaro's strategy to cope with a sluggish consumption in France, however, offset by continued momentum abroad.The boss has no plans to float Cdiscount and will focus more on small and medium format hypermarkets (6 000-8 000 square meters), rather than the hypermarkets.

Trigano will on Monday publish its turnover for the third quarter of fiscal offset. Shares rise 1.07% to 14.705 euros in mid-day.

According to a spokesman for the Prime Minister, David Cameron, "said he was in everyone's interest that BP remains a financially strong and stable". Nearly 40% of shareholders are British-including 25% of pension funds, and 40% are also Americans. The support of London has boosted the share price BP, whose market capitalization has lost several billion dollars since the explosion of the platform in the Gulf of Mexico. The title BP ended the session Friday up 7.2% in London, and 3.63% in New York.

Less good news for shareholders, BP has decided to suspend the payment of dividends, the Times of London. "The board of directors met Monday to approve the temporary deferral of payment of dividends," writes the British daily. BP has not confirmed the information, but the Chief Executive, Tony Hayward, told the Wall Street Journal that he was considering not paying dividends.

David Cameron is to hold talks on the phone with Barack Obama on Saturday 17h. The exchange promises to be tense: the two leaders must stand firm against their public opinion. The first to defend a large national group, the second to refute accusations of inaction.

ALSO READ:

The boss of BP reflects the dividend

"Obama talks with Cameron

The cause new concerns about the financial situation of Europe after the alarmist claims in Hungary on the country's economic situation where the deficit would exceed 7% of gross domestic product (GDP) while the official estimates evoked 4 5%. A scenario that is eerily the premises of the crisis in Greece.

The economic and monetary instability in the euro zone single currency also weakened. But European leaders are willing to intervene.French President Nicolas Sarkozy and German Chancellor Angela Merkel met today in Berlin to strengthen their ties and cohesion policies. If both appear on the same line in terms of regulation, the outlawing of the regulators or the taxation of banks, other topics are still under discussion as the degree of budgetary austerity.

However, the Luxembourg Prime Minister Jean-Claude Juncker reassuring. The latter said yesterday that the euro is not undermined. Questioned on TV5 Monde, the president of the Eurogroup has explained that while "money appears very weak in the eyes of the markets," in reality "it is not because our fundamentals are stronger than those of Japan and the United States United.

Markets dive again s'nquiètent of the euro and the situation in Hungary.The Tokyo stock market declines and 4% in mid-session on Monday.

ALSO READ:

"FILE – The euro, a currency tormented

The European Commission had made the same request to all Member States in July 2008 with the ambition of a Complies to share its requirements in two years, ie by July 2010.According to the newspaper, France, Portugal, Italy and the United Kingdom is problematic, one month maturity.

The guarantee unlimited public is considered a "state aid incompatible" with EU competition law by the Commission. With this guarantee, the company is in fact not subject to the law on bankruptcy and insolvency. The state covers all the group's commitments and repay debts if the company can do itself. In the case of La Poste, the transformation of the public enterprise into a limited company had solved the problem of the unlimited guarantee.

The situation is repeated Does the station? According to Les Echos, the French government sent an absolute bar to the Commission in early April, saying that "France rejects the view expressed by the European Commission will present its legal arguments because the government 's will not change the status of Epic SNCF.

On Monday, the Secretary of State for Transport Dominique Bussereau said in a statement it was "no question of changing the status of EPIC SNCF, which does not entitle its holder a competitive advantage." The statement said that France had asked the Court of Justice against the EU Commission.

For international TGV (Eurostar, Thalys, Lyria, Aleo), traffic is normal.

Moreover, disturbances depend on actions by the five trade union confederations (CGT, CFDT, FSU, UNSA and Solidaires) who called officials and employees to strike. Four of them (UNSA, CGT, Sud, CFDT) actually filed notice of strike for the day.

"These trades meet, region by region, the levels set by the Act of August 21, 2007 on social dialogue and continuity of public services in the transportation of passengers, for his part said the SNCF. The latter recalls that "every note outlines the valid period will be used in any train traveling on that day, but can not guarantee seating. Travelers preferring to cancel a trip involving a train reservation for this period may do so without charge at the counter.

3 metros of 4

For its part, the RATP, three metros of 4 circulating in Paris early Tuesday morning, and 90% of buses and trams, 95% of RER A, but only a RER B to 2, according to a spokesman for the RATP.For the RER B, the interconnection Gare du Nord station with the suspended cash advance no fax .

From one point of movement performed at 6:15, "traffic is almost normal" on the Paris metro network, "with 3 to 4 metros," said the spokesman, noting that "the line is the most impacted line 10, with 2 to 3 metros.

On the RER "zone RATP", "traffic is almost normal on the RER A, with 95% of trains insured, while for the RER B" train runs of 2, with interconnecting suspended at the station North, "the source said.

Finally, "the traffic of buses and trams is about right, 90% confidence," he added.

Back to normal scheduled at 8 pm Wednesday

Traffic should return to normal for all trains on Wednesday at 8 o'clock.Meanwhile, the station offers two websites (www.sncf.com for all trades and forecasts for www.abcdtrains.com Transilien per station) and hotlines (0805 90 36 35 for Main Lines and TER and 0805 700 805 for Transilien) for more information.

A radio also updates every 15 minutes in traffic (Radio station to listen from the SNCF Direct application on smartphone and on all station websites).

To recall, the unions called the strike to demand "concrete answers" on employment, purchasing power, pensions and working conditions. Workers Power (FP) refers to the scroll and employees to strike to defend pensions.

ALSO READ:

The Court of Auditors pinned the transport sector

The elections past, unions mobilized

The Finnish Valimo Wireless was the first to generate an electronic signature legal, available anytime and anywhere on a laptop."Valimo enables mobile phone users to securely authenticate, digitally sign documents and confirm transactions with a legal value by using a simple sentence that they themselves have chosen, or that of a PIN, "the company said in a statement.

Thus, Gemalto will provide the solution Valimo Mobile ID which allows secure access, such as its online banking, mobile payments, government services, mobile commerce and electronic, or the management of identities and rights of access to enterprise applications.

Olivier Piou, the CEO of Gemalto believes it is time to position itself on the mobile electronic signature, "considered next few years, and has now reached a stage of maturity significant" cash flexcheck advance