Aircraft on the planet, the battle between commercial Airbus Boeing often obscures another fight just as fiercely, that of the engine, without which the new aircraft more fuel efficient and quieter, could not have been launched.

This is the case of Airbus A320 and Boeing 737 NEO MAX remotorisées versions of the two best-selling Europe and America, or the Chinese Comac C 919 and Bombardier CSeries of Canada on medium-haul market.

Rolls-Royce, the world of civilian reactors, did not take the train re-engined aircraft that are selling like hotcakes, however due to their promise to make gains in fuel consumption by 15% on average.

But these numbers make you dizzy do not stop there. According to information from Parisiende this Friday, players Parisians would also take the upper hand with regard to wages. If this is the side of the Canebière found the most important emoluments (midfielder Lucho Gonzalez for 360,000 euros gross per month), 11 players received wages in the capital to more than 200,000 euros according to the daily gross , 9 against Olympique de Marseille.According to the survey, the highest salaries are in fact looking in the stands payday loan no faxing. For the largest stamp in Paris, would be to … Leonardo. Each month, the sporting director of PSG would receive 400,000 euros gross in fact, about 200,000 euros net. Almost three and a half times what his counterpart perceives Marseille Jose Anigo …

Hours before the "Clasico" between the league leaders in the tenth current is therefore the capital club who won the prize of wages. The findings of this match organized by the newspaper should not fail to elicit reactions to two years of the transition to "financial fair play" in the world of football, which calls among other things, the moderation of the wage bill. From this point of view, the pills of the stars of the French capital, however, reach the peaks found in other European leagues.

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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"CRISIS SPECIAL: fear of debt

U.S. investors, like their counterparts in Europe and Asia, should be particularly attentive to the development of the debt crisis in the eurozone. They should avoid taking risks when to begin a crucial summit on the debt crisis this weekend. Paris and Berlin have announced that Nicolas Sarkozy and Angela Merkel would speak well Saturday in Brussels to prepare an "ambitious and comprehensive response" to the crisis. Concrete measures will be considered Sunday to be adopted during a second peak "no later than Wednesday."

Discussions will focus on how to increase the capacity of the European Financial Stability Fund (EFSF), but also on the rescue of Greece.Meanwhile, in Greece, the anti-austerity continues. A new law has been de rigueur in the Greek Parliament voted Thursday.

Summit high risk in Europe

For many observers, however, profound differences remain between France and Germany. "There is no joint proposal" European at the moment, has acknowledged Thursday the German Finance Minister Wolfgang Schäuble. For his part, President of the European Commission Jose Manuel Barroso called on Europeans to "compromise" to reach decisions "resolved" and "immediate."

Another failure might further undermine investor confidence in the ability of Europeans to fight effectively against the debt crisis.They would now have a highly sensitive situation at the G20 to be held in early November.

Pressure rating agencies

Rating agencies are increasing the pressure on the euro area. After Moody's, S & P raised doubts about the AAA rating of the long-term debt of France. The agency suggests a probable degradation of notes France, Spain, Italy, Ireland and Portugal according to economic conditions no fax pay day loan.

On the macroeconomic front there is no any major indicator on the agenda of U.S. investors on Monday.

On the foreign exchange market, the euro retreated slightly to 1.3741 dollars against 1.3772 dollars on Thursday night. Oil prices were, themselves, up in the wake of the announcement of the disappearance of the former Libyan leader Muammar Gaddafi.The barrel of "light sweet crude" for December delivery gained 71 cents to 86.78 dollars on the New York Mercantile Exchange while in London, a barrel of Brent North Sea crude for December delivery was appreciating eight cents to 109.84 dollars on the Intercontinental Exchange (ICE).

Earnings up for Microsoft

The side of values, after the close, Microsoft released the first quarter, revenues of $ 17.4 billion, up 7% year on year. Net income reached 5.74 billion, up 6%, while earnings per share rose 10% to $ 0.68.

Sandisk has reported a turnover in the third quarter of $ 1.4 billion, up 15% year on year.Earnings per share were $ 0.96 against $ 1.34 last year.

Altera has recorded sales of 522.5 million dollars in the third quarter, down 1% year on year and down 2% from the previous quarter.

Capital One Financial has released the third quarter net income of $ 813 million against 803 million last year and 911 million in the second quarter.

Chubb Corp in the third quarter earnings per share of $ 1.04 against $ 1.8 last year.For the full year, the U.S. insurer expects operating earnings per share of 5.1 to 5.2 against the dollar from 5.55 to 5.85 dollars in a previous estimate.

Note also, from Monday, October 24, the company Groupon, which specializes in online distribution of discount coupons for shopping in local markets, should do its IPO on the basis of a valuation from October to December billion. However, it is far from the capitalization of 15 to 20 billion, of which Andrew Mason, founder of the company was still dreaming in June.

– Removal of exemptions for allowances holding period on capital gains property, excluding exempt principal residence (2200000000)

– Increase of 12.3% to 13.5% payroll taxes on capital income (1.3 billion)

– Removal or reduction of exemptions from the CSG (800,000,000)

– Increase in tobacco prices by 6% (600,000,000)

– Increase the tax and social taxes on liquor (300,000,000)

– Introduction of an outstanding contribution of 3% on very high incomes, above 500,000 euros.Some 10,000 homes were affected (200,000,000)

– Creation of a tax on sugary drinks (100 million)

– Device Scellier: decrease of 22% to 14% rate of tax reduction for investors buying new low-energy housing for rental (about 100 million euros)

– Introduction of a progressive tax (from 10 to 40%) for owners of "good rooms" applying the rents to be too expensive (over 40 euros/m2), mainly in Paris (1 million)

– Decrease of 18% to 12% rate of tax reduction for purchases in retirement homes, tourist and student (nearly 10 million)

• The companies affected to the tune of 4.8 billion euros

– Reduction of deferred losses for a harmonization of corporate taxation with Germany.- Revision of scale of the tax on company cars (100 million)

– Creation of a 2% tax on hotel stays at or above 200 euros (90 million)

– Creation of an exceptional tax next year on sales of large industrial duty subject to quotas of CO2 (200 million)

– The draft budget provides for operators to bear the costs of a possible interference of DTT with the new 4G mobile radio frequencies that will be awarded in early 2012.

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Save Greece

Jean-Claude Trichet, President of the European Central Bank on Thursday. Photo credits: Georges Gobet / AFP

This statement therefore encourage what Christine Lagarde who must, on Thursday, passing his oral exam before the Board of the IMF. She must convince the 24 members it is the most capable of governing the IMF in the current turmoil. Agustin Carstens, he led his interview Tuesday.

The Mexican Fund for an impartial

During this session, had said Monday the institution, "each candidate will present his views on issues facing the Fund and its member states, and administrators will be able to interact with the candidates." Mexicans called for an increased IMF resources permanent, impartial, representing more emerging economies on its board of directors.

Christine Lagarde was in turn focus his presentation on an IMF "responsive, cooperative, legitimate and fair." So far, she expressed hostility to a restructuring of the Greek debt. When asked whether she was confident before the interview, the French Minister exclaimed: "Forever!".

Two shadows loom, however, about his candidacy. First, the case Tapie, who has rebounded earlier this week, and the Greek crisis.Brazil has indicated, through his representative at the IMF, Paulo Nogueira Batista, he expected the future Director to hold a position of severe vis-à-vis Greece: "We need strong action to obtain from Athens, and a clear financial commitment on the part of the euro area. A general statement is inadequate. " A position held since the beginning of his campaign by Agustin Carstens, who says he even opened a debt restructuring if necessary.

Preordained

For many observers, however, the game is a foregone conclusion for Christine Lagarde. "The French Minister on course to win," and headlined the Wall Street Journal on Thursday morning. She enjoys the strong support from almost all European countries, over 15% of the vote.One member of the board should, however, provide support to Agustin Carstens: Mexican director representing Spain and Latin America, 4.7% of the vote. Brazil has not made clear in his favor.

The decision should ultimately be taken on the basis of consensus, not wanting the institution or place one of its member countries is at odds vis-à-vis a future director or humiliate an unsuccessful candidate. The outcome of the deliberations is expected Tuesday at the earliest, and June 30 at the latest.

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It is also a break with current trends in the mobile consumer, where the majority of subscribers are systematically changing phone – even if they still works – as soon as they leave for a new package of 12 or 24 months. Environmentally unfriendly habit while recycling is cumbersome to organize and costly for operators heavily subsidize the purchase of the phone.

The operators seem determined to break this vicious circle."Until now, subscribers have paid for urban subscribers of fields, those who do not change their mobile paid for those who changed all the time. Today, someone who does not change his mobile will pay less, "said Frank Cadoret, managing director of consumer and professional SFR La Chaîne Techno. Numericable and La Poste, which both come to embark in Mobile, made the telephone subsidy packages without the spearhead of its strategy to offer aggressive pricing packages paperless payday loans.

Bill Lefebvre

One way to take the lead for several months while the regulator (Arcep) wants to clarify the grant of the mobile.And it is also an objective of the Secretary of State for Consumer Affairs, Frédéric Lefebvre, who introduced his bill on consumer protection, on 1 June

The question remains whether consumers will be seduced, while, in turn, device manufacturers continue to offer ever more innovative models, adding 4G, 3D, contactless payment technology and other discovery.

Another new SFR must formalize its agreement with the online music site Spotify announced in Le Figaro (our editions of May 14). Like with Deezer Orange, SFR will offer several packages including mobile phones with unlimited Spotify. One way to consider another major change current practice: the decline of the voice and the booming exchanges of data, whether text messages, emails, web, video or music files.

Among the statistics to follow this Friday, the unemployment rate in the United States in May is forecast at 8.9%, a slight drop of 0.10 point compared to the previous month. Moreover, employment in agriculture in May should show a marked decline from its April level.Economists expect about 125,000 to 150,000 jobs reported last month, against 244,000 in April.

The Fed does not intend to undertake new measures to boost the economy, according to Richard Fisher, one of its members. In an interview with the Wall Street Journal this morning, the president of the Dallas Federal Reserve believes that "the Fed has done its job" and that if necessary additional stimulus measures, "they must come from elsewhere" .

The U.S. Treasury will sell the 6% that still holds in Chrysler to Fiat. The Italian will thus hold a majority stake in U.S. manufacturer. And the state will pocket U.S. $ 560 million.

Short-term domestic concerns will not prevent operators to remain vigilant regarding the conditions for aid to Greece as part of a new plan, unveiled in principle this afternoon personal business card.

Wal-Mart, Walgreen's and VeriFone to follow

As for values ​​to be followed, one eye will be kept open on Wal-Mart, which holds its annual investor day.

The good results published yesterday by VeriFone Systems should provide a nice progression of the title. The figures exceeded the consensus.

Walgreen announced today, before opening on Wall Street, the level of its sales in May: they rose 7% to 6.08 billion, up 5.6% on a comparable basis.Remember that the title had been boosted on Wednesday by a recommendation by UBS improved, which initiated coverage on the purchase of the title, with a price target of $ 51.

Chevron announced late yesterday that four people died in the explosion of one of its refineries in Pembroke. A fifth victim was hospitalized in serious condition.

relaxation on raw materials

As for raw materials, the pressure falls. In this sector, investors await OPEC meeting next Wednesday, which could lead to a decision by the organization to increase its oil production. Despite the many demands and frequent recently, OPEC had refused to put the issue of increased production in its agenda, and has been for four years.The markets will also tend ear to New York, where the French agriculture minister, Bruno Le Maire, must comment on speculation in commodities, at 18 pm (Paris time).

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The Berlusconi government, weakened by recent electoral setbacks, has sought to defy Standard & Poor's. The latter said Friday that, "according to [his] point of view, the current growth prospects for Italy are low, and political commitment to reforms improving productivity seems faulty."Accordingly, the agency changed its outlook on the rating of Italy from stable to negative. There is one chance in three that this warning is followed by a deterioration in the Italian note, currently located at "A +", the 5th best possible. Italy is still far notches -6-category called "speculative".

Low growth

In response, the cost of insuring against a default of the Italian debt, very sensitive thermometer of the market sentiment has surged 15 points Monday, to 176 basis points. "Italy is in the viewfinder of the rating because its growth was disappointing," says Jean-Francois Robin, strategist at Natixis. In the first quarter, the economy has virtually stalled, its gross domestic product (GDP) grew by only 0.1% against 0.8% in Greece, or +1% in France.Italian growth was the lowest in the euro area between 2001 and 2010, also said Monday the National Institute of Statistics of Italy, Istat.

So far, Italy has escaped the wrath of the markets. Its deficit was limited to 4.5% in 2010, one of the lowest in the euro area. "The Italian deficit is supplied mainly by the debt service, which reaches 119% of its GDP," said Jean-Francois Robin. "This level can not satisfy the government, it must still reduce its deficit." Rome wants to reduce the gap between revenue and expenditure to 3% of GDP in 2012 and reach equilibrium in 2014.

Standard & Poor's is the only agency to express reservations about the trajectory of Italian public finances.Her colleague Fitch said Monday morning that Rome had been better than expected its 2010 goals and the country is on track to achieve those he has set for 2011. Moody's has for its part, reiterated that it has no plans to lower the Italian touch.