On Tuesday, the New York Stock Exchange finished the session in a disorganized. The Dow Jones finished almost in equilibrium, snatch + 0.05% to 10,015 points, and narrowly escaping the threshold of 10,000 points. In contrast, the Nasdaq fell 0.28% to 2114 points while the S & P finished up 0.04% to 1049 points. In August the Dow Jones fell 4.3%. This is his worst August since 2001. The S & P has declined 4.7% and Nasdaq 6.2%.

On the foreign exchange market, the euro was reviewing in the morning above $ 1.27 amid a persistently strong yen.The euro is also reflected against the yen at 107.27 yen against 106.79 the previous day.

The economic figures on the radar screens

On the macroeconomic front, investors expect the figure including the growth of manufacturing. They watched the figures also ADP employment in the private sector that will be published to 14.15. They give a first overview of the situation on the labor market in the U.S. before the official figures on Friday. Concerned about the fragility of U.S. recovery, the White House announced Tuesday it was preparing a new economic stimulus package it will announce in the next few weeks.

Apple waited for his iPod

On the side of values, the U.S. computer giant Apple might unveil an updated version of its iPod portable.Apple has emailed his invitations for a special event that day, Wednesday, September 1, revealing virtually nothing other than the date and place, the Yerba Buena Center in downtown San Francisco.

The online store Amazon U.S. attempts to launch a service that would give customers who pay a subscription service unlimited access to television and movies via the Internet, says the Wall Street Journal reported on its website.

Burger King sale?

Also according to the Wall Street Journal, the group of Burger King Holdings plans to sell and has been in discussions with the aim of possible buyers. Burger King, whose market capitalization is $ 2.3 billion (1.8 billion euros), is the stock exchange since May 2006.The group was previously held by groups TPG, Bain Capital and Goldman Sachs had bought British drinks group Diageo in 2002 to 1.5 billion dollars. The newspaper, Britain's 3i is among the candidates concerned.

Always on the side of values, the British oil giant BP, which is listed on Wall Street this morning announced it would sell its interests in petrochemical operations in Malaysia Petronas local group for $ 363 million.

Several companies are announcing results including the HJ Heinz food groups and Brown-Forman, maker of Jack Daniel's whiskey.

Also note, the U.S. Federal Reserve (Fed) approved Tuesday the purchase by the Chinese sovereign fund China Investment Corporation (CIC) of 10% of the voting rights of the investment bank Morgan Stanley.

But the horizon may darken in the coming months. "We expected a good performance of consumption with purchases made ahead before stopping the car scrapping and entry into force of up 2 points from VAT, says Jesus Castillo, Natixis.In addition, new restrictive measures and labor market will always influence the damaged second half. "

Social unrest

Firstly, it is mostly entry-level brands, whose margins are tighter, which may review their pricing policy. In the medium and high-end, the flexibility is more important.Nicolas Dreyfus, director of development at Kooples, also explains that "providers defray a portion of the increased cost of raw cotton. And if David Leslie Freche, CFO of Loft, said he was not "worried because of the brand positioning, it is still concerned about" upward pressure on commodity markets. " A view shared by Francesco Maria Grau, secretary general of the French Federation of fashion, which does not hide his concern: "For now, the brands have opted not to pass on price increases on their products . But until when will they? "

Two or three years still difficult

This last month that the price of cotton has engaged its sharp rise.It went from 73 cents in mid-July to 83 cents a pound in August (one bale of cotton weighs 485,000 pounds, 220 kg on average, Ed). The value of the raw material has reached a record high since 1995.

It was recent weather disasters that have added to market nervousness. The terrible floods in Pakistan and the recent landslides in China have destroyed much of the world, including these two countries account for 40%, depending on CyclOpe. The storms have pushed the production of 8% and 10% Pakistani Chinese. Consequence: when the production of the northern hemisphere matures in November, it should be less than 10% to 15% anticipated demand. "70% of U.S. crops are already sold," said one trader.The courses are already feeling it: some fear a shortage or that the offer is insufficient to meet current contracts. The situation might be even more tense as the production has been falling for two years. Because of the low prices in previous seasons, prompting producers to convert. Cultivated areas have declined by about 25% and "50% of operators have disappeared in 2008, says even a trader.

Some product lines provided in the textile industry might not see the day. That, to protect stocks son. In fact, "reserves have been eroded in recent years," said one broker who specializes in the area. Blame it on poor anticipation of events. "We were wrong," says a French producer. Missing 4-5000000 bales of cotton for the stocks are in equilibrium.Manufacturers and market experts cotton agree that it will take two or three years of production before the market lost some of his nervousness.

Each year, however, it forms around 11,000. The Strategic Analysis Centre has published a survey showing that in 2007, while young graduates at the Master knew the unemployment rate of 7%, the doctoral graduates peaked at 10%. And contrary to popular belief, the comparative analysis with other OECD countries shows that this is not due to an overproduction of graduates.It must be said that the specificity lies in its French engineering schools. And when we speak of "hard science", a reference for graduates of these schools.

On behalf of the principle of reproduction of elites, business leaders generally come from larger schools, recruiting young people from the same institution as their own. And it is known that this company hires rather polytechnic, another of Centrale. "A doctor knows how to take initiatives, he likes to rub shoulders with the problems he has never met unlike the engineer," said one doctor. "Small businesses are afraid to hire doctors, observes Cecilia, 30, Normale (Ulm) and a doctorate in biology in search of a job for six months. It is true that the degree is not homogeneous throughout the low fee payday loans.And that within the same laboratory, two doctors can get a PhD while a very different intellectual level. "

The increase in unemployment benefit savings, however the doctors, while preparing to graduate, such as funding the research allowance and conventions Cifre (CSD funded by the Ministry of Higher Education and Research). These two funds have the advantage of being considered a professional experience.

A plus for a doctor to find a job because he can make three years of experience. "For years, the Confederation of young researchers is calling for the thesis to be recognized as professional experience including in collective agreements, said his secretary Simon Thierry. The doctor who was paid for his research work in a framework that allowed him to be aware of his skills.So he knows better to sell when looking for work. "Recently, social networks began to consolidate the doctors. Exactly what are, for a very long time, engineering schools and their alumni associations. "Besides the universities are beginning to explore their graduate researchers to create networks," says Cecile. The solution is here. Doctors must take charge. Only in this way the situation evolves. "

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The group, which claims to be the first to enter the electric car "mass market" in proposing a "sustainable" price, was disappointed in May by announcing a Leaf "less than 30,000 euros' in Europe, the aid States included.

The electric Renault Zoe, scheduled for mid-2012, will it, much less expensive.According to an internal source, the manufacturer has, at this stage, devised a unique system where the car will be given to "less than 15,000 euros in France, once the government bonus of € 5,000 for electric vehicles deducted. To this must be added the monthly rental of the battery for an amount "approximately 100 euros. A clever way to reduce the purchase price of the model.

The State had indicated that its aid would not exceed 20% of the purchase price of the vehicle, plus the cost of batteries if they are taken in hiring. Including the cost of the battery over five years, the total cost reached 25,000 euros for Zoe, which should well be eligible for bonuses of 5,000 euros.The Zoe is supposed to represent almost two-thirds of the production of electric cars of the mark, or 150,000 units per year initially on the French site Flins.

Prices same as a Clio Diesel

The goal is to offer the car at a rate similar to that of a diesel vehicle of similar size, such as a Clio. The monthly price of the battery "may also be equivalent to the fuel costs of a conventional car every month," said Le Figaro Hideaki Watanabe, project manager for electric cars Renault-Nissan faxless cash advances.Approximately 100 euros, according to ADEME (Agency for Environment and Energy Management) for an average car running on diesel, which confirms our information.

To these costs will be added to the battery charging 1 euro for a full power of 100 kilometers. About 12 euros per month for a motorist driving 15,000 km per year. Renault also considers that the maintenance costs will be two times lower than those of a conventional vehicle, an electric motor requiring less intervention. In total, the group calculates that the cost of use of the electric car (rental of the battery, electricity and maintenance) will be each less than that of a conventional car.

Renault-Nissan Invests 4 billion euros in the development of this technology in 2008-2012.The group expects that operating fully aware cars represent 10% of global sales in 2020. A number deemed overstated by most experts. Among the obstacles to the growth potential of electric vehicles: the availability of public infrastructure charging and battery life, limited to 160 km for Zoe.

Renault will launch next year's electric Fluence in Israel, and its electric Kangoo in Europe. Side competitors, PSA Peugeot Citroën will market its Peugeot ion adapted from Mitsubishi iMiEV by the end of the year, but will have only 100,000 vehicles by 2015. The German Volkswagen is preparing a response for 2013.

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The Boeing 787 landed at 9.08 am yesterday on the British airport. The American competitor for the A380 will be on display until tomorrow. The B787 Dreamliner is the only aircraft, representing 50% of composite materials. With this choice of technology, Boeing says that the device saves 20% fuel and 30% of maintenance costs.

Ordered 860 copies, the B787 Dreamliner has encountered serious difficulties. It lags two years. Its first test flight took place December 22.

Boeing also announced Thursday it would postpone for a few weeks the first delivery company commissioned by the ANA.It should be available until early 2011 when he was scheduled to deliver in late 2010.

Boeing has recently discontinued the test flights of its first B787 after the discovery of problems on some parts.

"We made the observation that there was no comprehensive information on the care of dependent persons, the diagnosis of dependence on the choice of suitable retirement home," says one hospital to the Federation France.To fill this gap has been launched in early July retraite.fr-houses (not to be confused with home-from-retraite.fr), which includes a multitude of basic information for relatives: a guide for assessing the frail elderly, the coordinates of organizations to contact, a directory of nursing homes classified by criteria, advice for making the administrative processes and be supported financially … Useful information if we know that the average cost of investing in retirement homes reached € 2,200 per month in 2009, according to a barometer carried out by TNS Sofres. A sum that 76% of French people declared so they can not afford.

Qualitative criteria

The directory of retirement homes also facilitates the search for a facility nearby, through a system of records updated regularly paydayloans. Each sheet contains qualitative information on the nursing home concerned. In addition to practical information (address, price) are shown including the number of patients per carer – as a guide, only a ratio of 0.6 health workers per resident is regarded as representing a framework of quality – the degree of dependency supported, comfort criteria, the presence or absence of a psychiatrist or a therapist ….It is even possible to select only those institutions that have spaces available immediately.

Two caveats, however: the book contains only the first public nursing homes, which currently represent 60% of French institutions, among the most medicalised. Then there is still no official criteria for certifying the quality of a retirement home, and who would perform in the rankings. "These indicators are being developed," says Hospital Federation of France. An urgent given the increasing numbers of elderly and dependent. While more than 75 years represent 8.8% of the population today, that proportion should rise to 15% in 2015.

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This increase masks "divergent trends," says the report by the Centre, presented by Christian Noyer, governor of the Bank of France. On the one hand, fraud on national payments made to retail outlets and automata remains on a downward slope. It reached a low in 2009, ie a rate of 0.014% for a $ 41 million.

Conversely, fraud is still gaining ground on front of remote payments (internet, telephone or mail). For domestic payments, the amount of fraudulent transactions has risen from 67.2 million euros in 2008 to 82.2 million euros in 2009. An increase that does not include payments made from abroad. If the amount of fraud registered for French maps in international traders remained high (60.5 million euros) last year, he registered a slight decline.

At a time when networks compete in international fraud imagination, the Observatory for Payment Card Security said in its report that "the majority of the holders consider the card as a secure means of payment.The organization, which advocates the establishment of strong authentication solutions to verify, whenever possible and appropriate, the payment is made by the legitimate holder of the card, "has conducted a qualitatlive investigation to determine the acceptance of such devices by consumers.

Online payments still inspire confidence

And the verdict of the study is final, according to the Observatory. While "significant concerns remain regarding online payments, particularly on foreign sites, users of payment cards of all types" show a clear preference for strong authentication solutions. " These include for example the use of a single use code obtained by various means (card reader, sending an SMS from the bank, etc.).

These findings appear to be timely.The construction of strong authentication is indeed well advanced. "The implementation by banks of these solutions with their carriers is now being phased in accordance with the recommendations of the Bank of France," says Monitor's report.

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80% of firms surveyed are optimistic about the growth of their sector in China. The country, which registered a growth of 11.9% in the first quarter of the year, "has become an even more important to their overall business strategy," reports the study.

But the good economic health is not enough to reassure European investors worried about the Chinese regulations.40% of respondents fear and regulations discriminate against foreign firms worsen in the next two years no fax pay day loan.Only 10% of survey participants say they are rather optimistic on the subject.

Specifically, the Europeans are worried "a discretionary application of laws and regulations, while the registration process, issues of intellectual property rights and inconsistencies in the local application of national criteria continue to be subjects of frustration ".

The study, European companies operating in China have a clear message to convey: their continued involvement in China as an investment is not unconditional and would be improved by a more clear and more predictable. "

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Around 6.45 am, the Nikkei 225 0.74% ahead of 9996 points, the threshold of 10,000 points. Elsewhere, the trend is less clear, with Hang Seng (Hong Kong Stock Exchange), which has assembled 0.5% to 20,867 points a Straits of Singapore which is also timidly 0.07% to 2873 points.

In India, the Bombay SE 30 allows itself 0.38% to 17,823 points.

In Australia, the S & P / ASX wins 0.31% to 4499 points, worn by mining, which have the hope that the new Prime Minister, Julia Gillard, could soften under a new tax on super profits of these companies .

Rio Tinto (2.23% to 72.1 Australian dollars) and BHP Billiton (1.89% to 39.9 AUD) are also considering a price increase of over 30% of iron ore in the third quarter.

Japan trade surplus less than expected

Japan's trade surplus grew by 15.2% in May over one year to 324,200,000,000 yen (EUR 3 billion), thanks to strong exports to Asia and emerging markets.A smaller than expected increases (50% expected), however, shows that trade in the country have suffered from the crisis in Europe.

In May, exports surged 32.1% year on year to 5.311 billion yen, helped by strong sales abroad of machinery (+42.6%) and cars (45.9% )

Exports to China increased notably (25.3%) and other Asian countries such as Thailand (73.3%), Indonesia (73.5%) and Malaysia (57, 1%) low fee payday loans. They have also increased to India (+52.1%), Brazil (+47.8%) and especially Russia (177.1%).

Imports have increased their share from 33.4% to 4,986.8 billion yen.

Yuan steady

The Chinese central bank set a central parity of the yuan virtually unchanged from Thursday to Wednesday.This meant the weekend its intention to revive a system of exchange rates more flexible. And mercreid Tuesday and hit the central parity, which it fixes every day and around which the exchange rate dollar / yuan may vary by plus or minus 0.5%.The yuan has begun to appreciate since Monday.

The institution has decided on a course of 6.8100 yuan against the dollar, instead of 6.8102 yuan to one dollar a day, according to a statement available on its website.

Oil down

Crude prices have continued to drop Thursday (76.16 dollars) in electronic trading in Asia, driven by anxiety about U.S. demand, world's largest consumer.

The latest indicators from the U.S. Department of Energy (DoE) showing an increase of two million barrels in crude inventories have worried investors, who had forecast a decline of one million barrels in the week concluded on June 18 This increase in weekly crude oil inventories reported in effect weakening demand.