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.

"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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More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000.

This increase is due to "modest increases in various industries." The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000).The construction sector has meanwhile also destroys jobs (22,000), hit by a decline in new construction.

Despite the destruction of jobs, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in June The Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work.

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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As for the apartments have a spectacular view of Paris, they will be positioned in the niche market of luxury with a price of 12,000 euros per square meter. A challenge for Defence is not today a prestigious address for individuals and Parisians are not rushing to live in towers.

Introduced in March 2009, the Hermitage Plaza project has also met with some suspicion among the French real estate professionals. First, because this promoter Russia has never built a tower in France. Then because it is a huge operation to two billion euros.

Buildings slated for demolition

But since then, Hermitage has provided some safeguards.Including funding. "We have already invested $ 150 million, Emin Iskenderov details. And in all, we will bring 250 to 280 million euros in equity. Furthermore, we are in advanced discussions with a pool of European banks to grant us a credit line of 700 million. And the marketing of our area we will bring the remaining one billion euros. "According to our information, Hermitage is also negotiating with the Four Seasons hotel group to host one of its locations in the towers. On the marketing of 540 apartments, Emin Iskenderov was also very confident: "I have already received 3,200 letters of prospects who want to buy from us."

Another thorny issue: the relocation of 250 families who lived in the buildings slated for demolition to build the towers Plaza. For now, Hermitage has found a solution for 235 to 250.That leaves five families to relocate in the year. A task is not insurmountable. But there is still a few steps before this project happen. In late July, demand for building permits will be filed. It should be granted in early 2011. And work should start right away. With delivery scheduled for late 2015-early 2016.

On other markets in Europe, the trend is upward. In London, the Footsie took almost 1% to 5213 points this morning and gained further 0.64% to 5196.59 points shortly after noon. In Frankfurt, the Dax clinching the outset more than 1%, and still earning 1.23% to 6122.17 points in mid-day.

On Friday, the CAC 40 gained just over 1% to just over 3555 points. On Wall Street, the Nasdaq has also allowed U.S. markets finished the week on a positive note after economic indicators, however, mixed.

After a particularly bloody month of May for all equity markets, investors believe, however, that European markets are undervalued.This could naturally incite bargain hunting and so restoring the energy markets.

The start of the week is very quiet with a single statistic, Europe, the industrial production of the Euro Area in April. The agenda will be fleshed out, however, more tomorrow, with a range of indicators on the U.S. real estate, consumption and inflation. The speech of Fed Chairman Ben Bernanke on Wednesday, will also be very influential.

On the foreign exchange market, the strengthening of the euro, long stuck in the $ 1.21, was confirmed this morning – it is trading at 1.2183 dollars against 1.2077 on Friday. The euro is close to $ 1.22 in the wake of the stock market, and good resolutions are shown in deficits on both sides of the Rhine, pending the meeting between Merkel and Sarkozy, this evening after missed appointments Monday .

Values follow

Club Med

The title is featured on Monday, clinching 7.54% to 13.55 euros. Chinese Fosun Group has acquired 7.1% stake in Club Med, where he has a director.

This is the beginning of the conquest of the Chinese market for Club Med. A promising market as the tourism industry in China is driven by a double-digit growth for ten years. The two companies also announce the signing of a strategic partnership agreement in the field of construction and operation of 'quality resorts'haut Guaranteed pay day loans. Friday, closing, Club Med's share jumped from 9.4% to 12.6 euros on the publication of a half-year net profit of 3 million Euros.

Societe Generale

The action jumps from 3.59% to 34.93 euros.Crédit du Nord, a subsidiary of Societe Generale, and BPCE entered into exclusive negotiations for the acquisition by Crédit du Nord, Société Marseillaise de Credit a little over 870 million euros. An operation that was in the pipes for several weeks and was formalized this morning before the opening of the Parisian market. The amount of the transaction is exactly 872 million euros, net dividend for 2009 (for the seller). The CMS was acquired, with other regional banks to HSBC by BPCE in 2008. It has 144 branches and 200,000 customers in southern France. With this transaction, Credit du Nord confirms its strategy of development in the banking system nearby.

Axa

The insurer (3.13% to 13.52 euros) confirmed the sale of part of its life insurance business in the United Kingdom.The buyer, Resolution Group, is prepared to pay 3.3 billion euros to get their hands on this activity. Axa will keep activities damage, life insurance and individual savings. The transaction currently under discussion provides for a lump sum sales of 2.75 Billion Pounds (about 3.3 billion euros). The insurer, however, remember that there is no certainty that current discussions lead to an agreement, note analysts at BNP Paribas.

Renault

Automaker (2.56% to 31.40 euros) should benefit from the information supplied on the weekend by its Russian partner Avtovaz plans to return to the green this year after heavy losses in 2009.The first constructor Russian head out of the water, enjoying the scrappage.

Veolia

The subsidiary of Veolia Water Environment (+1.10% at 21.16 euros) announces the signing of an agreement for the resumption of certain activities of United Utilities Group in Europe. Veolia Water would control Sofiyska Voda company in charge of utilities and water treatment in the city of Sofia, Bulgaria, serving 1.3 million inhabitants, of which Veolia Water would own 58%.

TF1

TF1 wins 1.96% to 12.21 euros. The subsidiary of the Bouygues group (1.23% to 35.770 euros) recorded Friday night at the game of the World Cup Soccer, France, Uruguay, its best audience of 2010. Viewers were 15 million to their desks on Friday night and even 18 million over the end of the meeting."This is the best audience of the Year for TF1 and the 15th best audience for a football game since the inception of Médiamat-Médiamétrie," insists the chain.

LVMH

LVMH gleaning 0.09% to 91.99 euros. Bank of America Merrill Lynch lowered its recommendation on the luxury group and its parent company, Christian Dior (0.63% to 83.23 euros).

The wait should also dominate this session before the release of highly anticipated monthly report on U.S. employment, which will be published early this afternoon. Yesterday, the markets have had a foretaste of what awaited the publication of a fall, slightly above expectations ds, the weekly number of new unemployed (453,000).The firm ADP, meanwhile, announced that the private sector was announced in May its fourth consecutive month of net job creation (55 000). Despite these figures, the head of the U.S. Federal Reserve (Fed), Ben Bernanke, said he still worried about the employment situation overseas. An hour after the publication of the report, the Fed chairman Atlanta, Dennis Lockhart will speak on the economic outlook and the banking environment.

Note that the second estimate of euro area GDP in the first quarter will be unveiled in the morning.

Rumors about Valeo title propels upward

Valeo recorded the largest increase in the Parisian market, gaining 6.93%.The automotive supplier would consider a delisting, the sale of a business or a merger with U.S. rival, says the New York Times this morning, noting that Bank of America – Merrill Lynch has been appointed to investigate these scenarios.

In an interview with Les Echos published Thursday, Industry Minister Christian Estrosi, spoke in favor of a rapprochement between the players of the electronics and embedded software as those of Thales. The title ahead of 0.69%.

CGG Veritas allows itself 1.49% after the Strategic Investment Fund (ISF) is mounted in its capital to the tune of just over 170 million euros, or 6% of capital. Other oil stocks also posted good gains. Thus, Total (1.59%), Technip (1.73%) and Vallourec (1.54%) appear among the highest increases in the Cac 40.

Leading the index are this morning Alcatel-Lucent (2.34%) and ST Microelectronics (2.06%).Both tracks benefit from a higher perspective of microprocessor sales by Gartner.

France Telecom (1.53%) announced Thursday it had abandoned its proposed merger with its Swiss subsidiary Sunrise, a subsidiary of TDC, but did not specify its intentions for other building projects in the country.

Airbus is Boeing's double

Airbus, a subsidiary of EADS (0.61%), registered 73 net orders from January to May, but still lagging behind U.S. rival Boeing, which has registered 111, according to the trade balance of the two aircraft manufacturers.

BPCE, parent company of Natixis (1.27%), formalizing the merger Thursday holdings of shares of Banques Populaires and Caisses d'Epargne.

BNP Paribas (0.39%), which Fortis bought at the height of the financial crisis, announced Thursday an agreement in principle to merge its Turkish subsidiary with that of the Belgian bank.

Axa gained 0.72%.National Australia Bank has found three candidates may be interested in acquiring a platform investment Axa Asia-Pacific by Australian newspaper on Friday.

Atos Origin (+0.88%) have submitted a bid for the resumption of WorldPay, a subsidiary of Royal Bank of Scotland, according to sources familiar with the matter.

Saint-Gobain (0.39%) has a bearing on the title of recommendation by HSBC, which goes from "underweighted" to "neutral." Jean-Louis Beffa, the chairman of Saint Gobain, has formalized his departure at the annual general meeting Thursday.His successor, Pierre-Andre de Chalendar confirmed its objective of a rebound results in 2010 and said to expect solid growth in operating income in the first half, compared to the same period last year.

Air France-KLM (0.71%) is considering an annual loss of 300 million euros this year, burdened by the cost of its fuel hedges, reported The Tribune.

Sanofi-Aventis (+0.32%) has signed an exclusive worldwide agreement in the treatment of cancer with U.S. biotech company Ascenta, the company said Friday.

Larry Summers, the Obama economic adviser, declined Sunday to comment on the case Goldman Sachs, except to state: "This highlights what is at the heart of the president's vision (in the reform of finance) : the importance of transparency. "

Shocked that unpacking before the opening of public hearings Monday in Congress, Goldman Sachs categorically denies having violated the law.It maintains its role as an intermediary to serve institutional clients with differing views on the trend of the real estate market forced her to speculate for a fall on some securities to cover its risks also taken on other positions.

If they prove nothing of fraudulent e-mails made public Saturday by the Senate show that the bank on Wall Street reveled during the crisis, earn so much money, thanks to its derivatives betting on the fall of subprime housing market, while its own customers – including European banks – in poorer inverse operations.

"We will make a big pile of money!"

In July 2007, David Viniar, chief financial officer of Goldman Sachs, learning that the bank had already won $ 51 million by betting on falling subprime reacted in an email: "It gives an idea of what might happen to those who not a big short position. "

In October 2007, while the housing market plunge, a trader from the bank sent an email to his colleague: "It seems we will make a big pile of money!" The answer: "Yes, we are well positioned … In 2007, the bank led by Lloyd Blankfein has achieved record profits of 11.6 billion dollars that enabled him to pocket a bonus record of $ 67.9 million.During the same period, rival banks, including Morgan Stanley, suffered massive devaluation of their assets.

On Monday, Lloyd Blankfein and six of his colleagues were summoned to explain himself before the Senate subcommittee charged with investigating the financial crisis. Among them, Fabrice Tourre, a French 31 years, accused of fraud by the SEC, the gendarme of the U.S. financial markets. There is theoretically no link between the two investigations. But they are on the same subject: conflicts of interest of Goldman Sachs derivatives markets of mortgages.An email signed by Fabrice Tourre in 2007 shows his pessimism about the products he elaborated: "This market is completely dead and the poor little subprime borrowers will not be long." Fabrice Tourre will even be compared to Frankenstein for creating products that will turn against their owners, by precipitating the collapse of the U.S. housing bubble and the global financial crisis.

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Acropolis closed

Many tourists found themselves before an Acropolis closed to the public as most national museums and historical sites. In the streets of Athens, the mobilization was less important. "We've had enough of disaster scenarios," says Emilio, a tax inspector."We see the men of the IMF over the reins every week, we announced that the borrowing rates explode and he'll have to tighten their belts still no teletrack payday loan. How far do we go? Today, people are angry, but they are afraid to go down the street, "he says. The government is trying to appear confident and delaying the application for EU funding, but he struggles to reassure the public. According to Petros Leantros, Institute of Work, "state failure" is no longer a taboo word. "Greece will have to suffer the actions of the IMF because it is unable to pay 13 billion euros per year (5% of GDP) to repay the loan rate debt," stresses said.Meanwhile, Greek authorities will therefore have to contain the anger of the street while trying to persuade European partners and markets their ability to clean up the country's economy.

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This amount is more than double that of 2008 when the financial crisis had led to some heavy losses. The previous record was in 2007 with a total of 22.3 billion dollars.

The CEO of this classification is the founder of hedge fund Appaloosa Management, David Tepper. He received a salary of $ 4 billion by betting on particular banks in financial difficulties, refusing to believe that banks may collapse or be nationalized.

John Paulson lost his crown and took fourth place

Now the new record earnings.The precedent being held by the manager of Paulson & Co., John Paulson in 2007, with 3.7 billion dollars. He gambled at the time on a drop in property prices. This year, he ranks fourth with $ 2.3 billion.

It is preceded by George Soros, the famous American billionaire founder of Soros Fund Management, which has won 3.3 billion dollars, and James Simons of Renaissance Technologies, who pocketed $ 2.5 billion. They are respectively the second and third in the standings. They already had good performance with their hedge funds in 2008, like John Paulson, while that of David Tepper had lost 27% this year, like most other hedge funds.

For many of these funds, the year 2009 has not necessarily been a good year. They took fewer risks and have struggled to make gains.In addition, Carl Icahn, sixth in the rankings, do not expect returns as high in 2010. He explained that last year the debt was really undervalued, while today it is fully valued.

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