The Paris Bourse started the week well. The CAC 40 Opens Monday up 0.35% to 3924.22 points.
Even optimism in the rest of Europe. London Stock Exchange has opened up 0.32% to 5616.91 points while in Frankfurt the Dax was entering the meeting in the green, taking 0.24%, to 5891.74 points.
Markets follow the movement driven by Asia Market earlier this week. The Japanese Nikkei closed up sharply (2.09%), carrying with him all the financial centers of the region.
This optimism comes from the U.S. figures for employment, less bad than expected, published Friday (36,000 jobs destroyed destruction cons 50,000 expected). Statistic reassure markets that see it as a sign of recovery very explicit. Especially as the consumer credit in the United States also sets out again on the rise (4.96 billion dollars in January).Both information had enabled the Cac 40 to exceed the 3900 points at the close Friday. Maintaining this level will be one of the objectives of investors on Monday, before setting off to the 4,000 points.
Japan, meanwhile, announced Monday a current account surplus (899.8 billion yen), compared to the deficit recorded last year in the same period (132.7 billion yen).
Furthermore, the forecast GDP growth in France has been revised slightly downwards to 0.4% in first quarter 2010, a second estimate of the Banque de France (BDF). In its first estimate published in February, the BdF expected GDP growth of 0.5% for this period.
German industrial production for January will be known 12 hours guaranteed payday loans .
EADS in the collimator
The defense group EADS said on Friday reached an agreement in principle with client countries on the financing of the military transport plane A400M. This also held Monday in Paris a crucial meeting on the fate of the military plane, which displays almost four years behind the counter.
The director general of Crédit Agricole, Jean-Paul Chifflet, revealed in an interview with Le Figaro, his long-term goals. "If we find other opportunities for collaboration to reduce intermediation costs for our customers, we will. With the Company generally or with others, "he said as well.This information may affect the securities Societe Generale and BNP Paribas.
In an interview with Le Figaro also Antoine Frerot, CEO of Veolia, reaffirms the group's objectives, including "after-tax profit of at least 9% and operating profit up 4% on average annually.
The central works of extraordinary total stands Monday. Employees of Dunkerque, on strike since January 12 this year, threatening to spread the oil available to them if management does not accede to their demands.
As for publications, Biomerieux announced on Monday a net profit in 2009 of 148 million euros, above expectations. The group table for the period 2010-2015, an average annual growth of between 7% and 9% at constant exchange rates.
The annual results of cements French gather today.Just as those of April, after market close.
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The setbacks being experienced with Toyota vehicles never seem to end. The giant Japanese automaker has indeed announce on Tuesday it will recall more than 400,000 hybrid cars in the world affected by a defect in the braking system. Among them, 223,068 vehicles sold in Japan, including 199,666 Prius. In the U.S., the figure stands at 133,000 and thousands around the world. This is another blow for the giant Nippon automotive after the 8 million vehicles returned to the garage because of problems of accelerator. The cars are concerned, primarily, the third-generation Prius, manufactured and marketed in Japan since last year.
The worldwide recall also covers tens of thousands of Lexus HS250h and SAI, whose sales will be discontinued in Japan until late February or early March.It also applies to a few tens of Prius PHV, which should be commercialized on a large scale in 2011, but already leased to Toyota by some companies and institutions on a trial basis.
This promises to reverse the more painful for Toyota, it has built its strategy around hybrid vehicles, equipped with a dual fuel engine and electricity, and presented as "environmentally friendly". This announcement follows the statement by the head of Toyota in the United States, Jim Lentz, who admitted Monday that the Japanese manufacturer had been aware of problems pedal acclération in 2007 but the case had not then been identifée, thus denying that his group had hidden recurring problems.A Californian has even filed a lawsuit against Toyota, alleging that it had several problems with its brakes Prius.
Toyota shares gained nearly 4%
During a press conference on Tuesday morning – the second in just three days – the Toyota President Akio Toyoda, reiterated his determination to regain the trust of its customers and ensure that Toyota may "everything in its power" to that payday loans . "Let me convince you that we will redouble our commitment to quality, which is the heart of our society, under my direction," said Aiko Toyoda. The CEO said he would travel to the United States to explain about the reminders.
Aiko Toyoda also confirmed that Toyota will be able to immediately repair the defect on the Prius.However, the remedies are not yet ready for other models recalled, where the interruption of sales agreed in Japan. However, activity has resumed in North America, having been suspended. What Toyota does not deal with several lawsuits in partnership with the United States and Canada, from motorists who accuse it of concealing the existence of the defect of the pedal ' acceleration of their vehicles.
The Prius, whose first version dates from 1997, the hybrid car is the most sold worldwide, with about 1.5 million copies sold in late August 2009.It is central to the strategy of Toyota, whose goal is to sell more than one million hybrids worldwide each year.
At the Tokyo Stock Exchange, the share of Toyota rose about 2.89% to 3375 yen, investors saying it had fallen to a level undervalued.
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Declining tax revenues and rising costs: the state budget did not end in 2009, suffering from this terrible effect scissors. The budget deficit widened to 143.3 billion euros in November 30, cons -66.6 billion a year earlier, said the Budget Ministry on Tuesday.
The difference, over one year amounted to 76.8 billion euros. He "explained mainly by the impact of economic conditions on changes in revenue and up to 34 billion euros by the end measures of recovery plan," says the ministry said in a statement.
In late November, total expenditure amounted to 329.7 billion euros, 13.9 billion more than a year ago. A difference can be explained by the cost recovery plan, advance Bercy."Out Recovery Plan expenditure (general budget and levies on revenues) increased by 850 million euros a year to another," says he.
In late 2009 the fiscal deficit, however, register under the 140 billion euros, one billion less than originally planned, said the Budget Ministry. This table to limit the deficit on tax revenue in December "slightly less degraded" and on "buoyant spending.
Direct consequence of this widening deficit, government debt under the Maastricht should represent 77.9% of GDP at end 2009 and 84% of GDP in 2010. To fill this gap, the state will borrow this year to market a record $ 188 billion.
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"After consideration, we will not invest in Areva" reveals Christophe Margerie, CEO and future chairman of Total, in an interview with the first edition of the Journal du Dimanche. After the failure in late December of invitation supply in Abu Dhabi to build two nuclear reactors, which were project stakeholders EDF, Areva, GDF Suez but also Total oil group maintains its draft into nuclear power. But without investment in Areva, whose strategy is now under threat.
"Those who think we lost because of poor organization Franco-French are wrong. (…) Can we make the EPR cheaper without sacrificing safety? This is the real issue "said Christophe Margerie.The EPR French would indeed be 40% more expensive than the South Korean model finally selected by Abu Dhabi.
Needs huge
So as an investor-operator and Total says it wants to enter the nuclear market. In this context, "we want to set up projects with Areva, but we do not exclude mounting other international partnerships," said the CEO.
Asked about the economic outlook for his group in 2010, Christophe de Margerie also appears optimistic. Satisfied with the signing of two important contracts in natural gas, the United States and Algeria, he anticipates the needs of huge new countries: India, China, Middle East and Africa.
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It will not take long to react to France! On Wednesday, Britain announced that its 2009 bonus traders would be taxed at 50% for amounts exceeding 25 000 pounds, which should generate approximately 600 million euros to the state. From Thursday, the Elysee confirmed the intention of France to do likewise.
The purpose of government is very clear: to encourage banks to strengthen their equity rather than pay generous bonuses, while they were supported or bailed out with public money during the crisis.
The principle, an act by the French government, would impose "exceptional" banks on the amount of premiums distributed in 2010 under the year 2009. The rate used by France could be slightly lower than Great Britain, "because France pay more tax," said a government source.The amount at which the establishment will be taxed, it would be the "magnitude" of amounts retained by Great Britain.
Towards a Global Compact?
This Thursday, the banks do not wish to comment on the news. One speaker merely highlight the lack of understanding of the profession in this way then that "French banks are the only way to comply with binding rules of the G20 and they reported 2 billion to the state this year.
The idea running through the heads of the French for several months now: August 25 last, while Nicolas Sarkozy had called all the bankers at the Elysee, he had already discussed "the establishment in all financial centers of sitting fee Bonus distribution.But surprisingly, while France tried to rally his neighbors across the Channel for several weeks at his position on the benefits of more regulation on earnings in finance, she was finally seeing that it was he who throws the water! "There is now no doubt, France will make arrangements," said the entourage of the Minister of Economy Christine Lagarde.
Remains that France, like England – which, beyond the political weight of the measure are well aware of economic realities – hope the approach will be part of "a new international pact, wrote Thursday British Prime Minister Gordon Brown and Nicolas Sarkozy in an article published Thursday in The Wall Street Journal."It is clear that action can only be global," they insist.
That is why Gordon Brown has sent a letter Thursday to the leaders of the European Union, calling to discuss a tax bonus bank. "We must redress the balance of risks, rewards and responsibilities between the company and the financial sector," says he.
German Chancellor Angela Merkel, was eager to find "very charming and teaching" the idea of a tax basis. The topic should be discussed this Thursday evening at the European Council. The idea of Europe is obviously weighing on Americans.They know that all financial markets, including Wall Street, must abide by the same rules if some do not want to appear less competitive and attractive than others.
"Goldman Sachs change its compensation policy at the summit
"The Europeans united to tax bonus
Nothing goes between Paris and London
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