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.

Seven of the 91 major European banks subject to tests of resistance have been repositioned, said Friday the Committee of European Regulators (CEBS), which means they will raise funds to strengthen their position financière.Il are five banks Spanish (Civica Cajasur, Unnim, and Espiga Diada), a bank Greek (Atebank) and Germany's Hypo Real Estate.

European regulators have scrutinized the 91 largest banks in the European Union to ensure that their capital levels are sufficient to enable them to cope with shocks even more severe than the bankruptcy of Lehman Brothers in September 2008, which sparked a near-collapse of global financial markets. Banks unable to maintain a ratio of Tier 1 capital of at least 6% by end 2011 in the hardest of these scenarios will be considered as having failed the tests.

France has fully passed the examination, the four banks involved in these tests (BNP Paribas, Societe Generale, Credit Agricole and Banque Populaire BPCE-Caisse d'Epargne) have shown that they retain a sufficient level of funds in proportion The different scenarios.

The "brand of French banks is really a very strong resilience, welcomed Christian Noyer, governor of the Bank of France, with the results of these tests, commissioned by the European Commission and organized by the CEBS (Committee European Banking Supervisors). With these results, show that French banks "are among the strongest in Europe," says the Bank of France again. These results were "predictable" because they are "in line with results obtained in tests conducted regularly in France and the demonstrated ability of French banks weather the recent crisis", he added.

Banks were tested maintain a level of equity called "Tier One" (reported capital commitments of the bank) of 6% for the regulator considers that they had passed the test.However, tests have shown that if stress of a major financial crisis, the ratio of cumulative four French banks would fall to 9.3% at end 2011 against 9.9% in late 2009. For Christian Noyer, even in cases of "adverse scenario, the banks maintain a" level of income in 2010 and 2011 roughly the same as in 2009.

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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Latin America, including Brazil and Venezuela are conversely very slow (169 days and 179 days respectively), as well as China (99 days).If the countries of the OECD (Organization for Economic Cooperation and Development) are mostly very open to foreign ownership in their enterprises, as well as Eastern Europe and Central Asia, Asia East and the Pacific, except Singapore of course, found the greatest number of restrictions, especially in China and Indonesia, says World Bank.

The East Asia stands out even more in the area of land since, apart from Malaysia, Thailand and Singapore, no country in the region reviewed by the bank allows foreigners to own their own land This poses no problem unlike in the OECD countries or in Eastern Europe and Central Asia.

And, notes the World Bank, countries are best placed in the report are those "who also tend to attract more foreign investment in relation to the size of their economies and their people. Conversely, countries whose scores are lower tend towards higher levels of corruption, a higher political risk and governance structures are weakest.

"It does not appear that the emergency situation in which it was placed to make before markets opened an initial response to articles in The Tribune, Natixis has disregarded the requirements of accuracy, precision and fairness set out in Article 223-1 of the AMF general regulation, "says the Enforcement Committee in a statement released Wednesday.

It is an article of the daily La Tribune dated November 12, 2008 which stated that Natixis had lost 975 million euros in October 2008. The next day, Natixis issued a press release reporting a loss of 500 million euros.

Neither of the two former leaders of Natixis, Philip Smith and Dominique Ferrero, respectively Chief Executive and Managing Director of Natixis, challenged by the Tribune, have been punished.

In an interview she had given the figaro.fr, Colette Neuville, president of the Association of Defence of Minority Shareholders representing the interests of more than 1,000 shareholders of Natixis, demanded that the bank will refund a portion of its lost its shareholders. No doubt she had to accept this decision with some disappointment.

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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.

The Monetary Policy Committee of the Bank of Japan decided Friday to leave its rate unchanged at 1%.Shortly before the country announced nippon over one year to March to lower consumer prices by 1.1%, up 4.4% of household consumption, an increase of 0.3% industrial production and a slight increase in unemployment from 4.9% to 5% cash fast online. Only Taiwan displays a small decrease from 0.01% to 8053.51 points.

As for values, but the South Korean Samsung Electronics posted an operating profit up 643% to 3.99 trillion won (2.7 million) in the first quarter of 2010, and a number of business up 21% to 36.64 billion won (24.8 million euros). The group was expecting an operating profit of 4.3 billion won (2.9 million euros) and a turnover of 34 billion won (23 million euros).

In addition to a proposed overall increase of 1% of wages to be too thin, the negotiations foundered on the granting of a premium absenteeism desired by management. At a cost of 100 euros gross per annum, that would be assigned as a collective case of lower rates of absenteeism, store by store. In a supermarket whose average absentee rate is 10% – which is very high – for example, employees would receive the bonus if they manage to bring down the rate of 0.65% minimum.This device causes for the moment the ire of unions, which fear that employees absent from becoming the target of retaliation by their colleagues present.

"The absent?ime is an indicator of stress"

"We are opposed to such stigmatization of employees absent" outraged the CFDT delegate Sauzeau Christopher, who believes that management avoids asking the questions of substance. "Absenteeism is primarily an indicator of stress suffered by employees" says he, regretting the 5,000 jobs it eliminated by Carrefour in 2009. A visibly perceived hostility by management, that could change his tune. The human resources director of Carrefour, Jean-Luc Masset, said it had "saved the union position, and would think about."The progress of negotiations and new proposals likely to depend on the mobilization of employees on Saturday" predicted Christopher Sauzeau. If employees did not get satisfaction, a day of action on a larger scale could take place next April 30, the eve of Labor Day.

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After having opened in equilibrium, yet he dressed in green in the middle of the session, rising 0.71% to 3956 points after the publication of figures for retail sales in the United States in February. They rose 0.3% last month, while economists had expected a decline of 0.2%, due to heavy snowfall which hit the northeastern United States in recent weeks.

But in the afternoon, a decline in the index of U.S. consumer confidence in March, calculated by the University of Michigan, was disappointed and weighed on the coast, pushing the CAC 40 in red.It is the second monthly decline in the flagship index of the Bourse de Paris.

A disappointment even greater than the market, reassured by the current finalization of a possible European aid to Greece, waited impatiently the first statistically significant week for orientation. They failed to settle with the caution that has forced the CAC 40 to move all week, within narrow margins, between 3910 and 3940 points.

Values well geared motor

"We have believed, at first, that the markets greeted the indicator of retail sales in February, although it was not extraordinary, and they would go higher, but they were quickly packed said Vincent Guenzi, strategist at Cholet Dupont. Meanwhile, indicators have been revised downward in January, including retail sales, which has thrown markets."Wall Street is finally not rise sufficiently to European markets.

Elsewhere in Europe, the London Stock Exchange closed up, the FTSE-100 gained 0.15% to 5625.65 points. The Dax index of featured the Frankfurt Stock Exchange also gained 0.28% to 5945.11 points.A New York, the Dow gained just before the closure of European markets, 0.15% but the Nasdaq conceded 0.02 %.

In Paris, car values remained well oriented: Renault gained 1.89% to 33.90 euros and Peugeot 1.41% to 21.89 euros.

The title EDF yielded 1.11% to 37.86 euros, penalized by the cancellation of a contract with the United States. Lagard?re has resumed (0.49% to 26.52 euros), following the sharp drop the previous day (over 7%), caused by the announcement of gloomy outlook for 2010. Carrefour has suffered a decline in the recommendation and Credit Suisse lost 3.03% to 35.86 euros.Total yielded 0.53% to 42.70 euros.The SGC Group had indicated yesterday that it would not resume a possible strike in support of employees of the refinery at Dunkirk (North) before the trial of an action by the central works council (CEC) against its closure.

In contrast, the 35-59 years are 49% to fear for the future economic situation. Pessimism contrasts with predictions of positive growth, the government is relying on such an increase of 1.4% of GDP in 2010. It seems that the fear of unemployment prevails in this population group. They are right: the unemployment rate, currently at 9.1% should exceed 10% according to the OECD.

A large majority (69%) French also fear a rise in prices. Again, they are too pessimistic.Economists Natixis, inflation should not exceed 1.2% in 2010, a fairly low level. INSEE table involved a decline in inflation "underlying", that is to say outside energy prices, to 0.9% in July 2010 against 1.8% in October 2009 .

Eight out of ten people expect further increases in oil prices free credit scores . Again, the French would they be worried too? INSEE expects a stable price per barrel to around $ 80 by mid-2010. But the National Institute of Statistics warns that still considerable uncertainty surrounding its estimates, the market of black gold is very volatile.

According to the Ipsos survey, these pessimistic expectations should lead the French champions of saving, save more. Nearly 65% of respondents believe that the crisis will encourage them to save even more.On this point, they agree with the experts. The INSEE estimates that savings will remain at a high level (16.6%) in the first half of 2010, having broken records in 2009.

Latest cares, but not least, the French: the future of pensions. They are 90% believed that "concern about changes in the level of pensions in the years to come is a sense justified. Negotiations on the future of the pension system, initiated by the government this year, will soon fix the issue.