In France, the unemployment rate has however increased to 10% in June, against 9.9% in May, according to Eurostat. "The previous rise had occurred in January, reflecting a slowdown in the growth of unemployment," said Dominique Barbet, economist at BNP Paribas.

However, "the unemployment rate using the narrower definition of unemployment rate (that of the International Labour Office).Using the broader definition, making it better reflect the number of employable people, unemployment lies somewhere around 15%, "added the economist. Reasoning that applies to all figures released by Eurostat on Friday.

Decline in Germany, rising in Spain

On the whole area, lower unemployment in Germany, 7.7% in May to 7.6% in June, helped to reverse the effect of rising Spanish unemployment, which rose from 19 , 8% to 20%. Throughout the second quarter, Madrid even recorded an unemployment rate rose to 20.09% against 20.05% three months earlier.

Large disparities between member countries so. Austria and the Netherlands have the lowest unemployment rate in the area, respectively 3.9% and 4.4%. At the other extreme, the Spain and Latvia suffer unemployment rates above 20%.

In one year, only four states had decreases in unemployment: Austria (from 5.1% to 3.9%), Malta (7.2% to 6.5%) and Germany (7 , 7% to 7%).

Note, the United States, the unemployment rate rose to 9.5% in June, and Japan at 5.3%.

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"Growth looks strong in Europe

This Thursday, new indicators are expected in the United States. In early afternoon, the Labor Department will release weekly listings for unemployment benefits. Next came home resales and the composite index of economic activity in the month of June.In France, INSEE unveil its monthly business survey in industry and business climate in July.

Investors also await with anticipation the release Friday of the results of resistance testing What happened to the European banks. In an interview with Le Figaro, the Minister of Economy Christine Lagarde said she was "totally confident" about the results of French banks.

Banks and cars to monitor values

The banking sector will be monitoring this particular Thursday, the eve of the results of stress tests of European banks. So far, BNP Paribas, Societe Generale, Dexia Crédit Agricole or have stood the wait.

Another sector with a view: the car.The supplier Faurecia announced before the market coming out of the red in the first half of 2010, net income of 102 million euros against a loss of 365 million a year earlier. The group has also sharply raised its guidance for full year credit score. Peugeot and Renault should react to this new optimistic that counterbalances the announcement of a sharp decline in car registrations in Europe in June

Still on publications, Remy Cointreau announced a turnover in the first quarter of 2010-2011 of 170 million euros, up 23.6%. The group will propose a dividend of 1.30 euro to the general meeting of July 27, 2010.

Plastic Omnium has expressed a net profit of 72.3 million euros in the first half against 8 million euros a year earlier.Turnover amounted to 1.518 billion euros and the group expects a second half "dynamic".

Technip issued a decline in net income of 8.7% to 106.1 million euros for a turnover down 14.3% to 1.48 billion euros. The objectives are confirmed.

Naproxcinod of Nicox rejected the U.S.

NicOx could be heckled. The FDA, the authority of medicine in the United States, has rejected his request for the U.S. market Naproxcinod of this treatment against osteoarthritis, a product NicOx expects a lot.

Unibail-Rodamco Wednesday decided to distribute 1.8 billion euros to its shareholders, or 20 euros per share in respect of a return of capital. The land has issued a recurring earnings per share of 4.70 euros in the first half of 2010.The band reveal all its first-half results after market close.

NRJ said Wednesday sales fell 0.6% in the first half of 2010, 165.2 million euros, penalized by the decision of the musical Cleopatra.

Pernod Ricard, Bongrain and Ubisoft will also release after the market closes.

Note that Novagali be rated for the first time at the Paris Bourse. The price was set at 3.40 euros per share.

If the information has not yet been confirmed by Carrefour does not wish to comment, the group would indeed begun selling its operations in Thailand (550 million euros turnover in 2009 ), Malaysia (300 million euros of turnover) and Singapore (80 million euros of turnover), according to Reuters. "I would not reconsider our position on a number of emerging markets where the potential is not important," said Lars Olofsson, Executive Director of Carrefour, Le Figaro last January. These transfers could bring him some 800 million euros.

"Carrefour has too dispersed"

"These operations will confirm Carrefour to focus on China (3.5 billion euros in turnover in the first quarter of 2010, Ed), Taiwan (1.3 billion euros of turnover) or Indonesia (800 million euros of turnover), "said an analyst of CM-CIC Securities specialist value. He added: "These markets like Mexico, Chile, Japan, South Korea or Switzerland, which Carrefour has withdrawn, were either uninteresting or markets where the group has rapidly exceeded by its competitors. Carrefour was too dispersed. According to the analyst, other distributors present in Asia as Tesco and Casino would be interested, or even private equity investment based on the evolution of debt markets and mergers and acquisitions.The Casino has wished to make any comment.

Carrefour wants to "re-enchant the hyper"

To boost sales of its hypermarkets, the group plans to create new concepts. As part of its "hyper-enchantment" Carrefour should delegate its rays to Virgin Music, according to the magazine Challenges. By outsourcing this department to a specialist, the group hopes to attract more young people into its stores. A first test will be done in the store Venissieux. And if successful, the contract could be extended to 238 Carrefour hypermarkets, and cover all rays non-food, whose sales have fallen 5% in 2009.

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'There is no international agreement on the tax, "says the Canadian government, hostile to this project from the start. Canadians, Australians and emerging countries are opposed to this levy, because their banks have managed to ride out the storm without state aid. "The financial sector should contribute to the budgetary effort of governments intervened to fix the financial system or money abound resolution," admits the G20."Some countries are considering a tax credit, others are promoting other approaches," said the statement, which takes note of the divisions at the highest level.

Budget 2011 in France

Some guiding principles of tax are set out in the annexes of the findings, but the virtues "antirisques" of the tax are not highlighted. Most delegations, particularly Americans, found it more effective to expand the capital of the most exposed to risks to avert a future crisis. One option feared by European banks, less well capitalized than their competitors in North America.

Angela Merkel, who was the first in Europe to defend the tax credit on a European scale, is not surprised by the meager results of the G20. "We were not going to convince the world to Toronto to impose a tax on banks, this was not the goal!" Will be defended German side."The G20 recognized the legitimacy of the tax, it is well", says it does on the French side. "Whatever the decision of our partners, we will implement this tax!" Warned Sarkozy Nicolas who entered the menu of the budget 2011.

France is Germany and Great Britain seem determined to pay their banks but, despite the political display, the proportions remain reasonable so as not too lose competitiveness relative to Asian markets. Thanks to its tax, France has recovered 1 billion; Great Britain, 3 billion pounds, the U.S. counting on $ 19 billion.A lesser evil for Western banks, which always escape to the great reform of global financial regulation announced by the governments since the first G20 in Washington.

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"In the Loire-Atlantique, uncompensated costs, which relate to social benefits but also transfers of personnel or the fire service, amounts since 2002 at least 393 million euros and 521 million at worst. This is high compared to our annual budget of 1.2 billion, "said council President PS Patrick Mareschal. Who said that encryption is derived from a mission conducted by elected right and left.The APA says the bulk of the difference: spending rose from 54 million in 2003 to 77,000,000 in 2009, while funding granted by the state stagnated at 27 million.

Nationally, the Departments of Assembly of France (ADF) has calculated that in 2009 the department had paid 12.4 billion ABS, RSA and PCH but received only 7.8 billion in compensation. So they paid 4.6 billion. In 2010, it will be 5.5 billion. Nothing surprising: between crisis and aging, social spending would increase by 4% to 10% this year, according to the Centre for Social Action decentralized, after rising 6.3% in 2009.

Another day of solidarity

"These are not 5.5 billion debt of the State towards us. Because he never committed to offset all the benefits, "said Bruno Sido, UMP senator Haute-Marne and Secretary General of the ADF.The General Council of Loire-Atlantique does not see things this way and preparing to attack the state. "By summer, we will take the administrative courts, which will raise before the Constitutional Council the question of the constitutionality of funding mechanisms," said Patrick Mareschal. The fact that the Seine-Saint-Denis and the Saone-et-Loire have been condemning the state on a more limited subject, the protection of children, encouraging vocations. And the promise of reform Francois Fillon dependence, and therefore the APA, by the end of the year, did not reassure the elect. The ADF would rather play for now, the map of Parliament. "We will table a proposal loistipulant that the state must provide compensation for permanent and sustainable revenue," says its president PS, Claudy Lebreton.More specifically, the ADF is seeking to recover this year one billion undrawn stagnant social funds. Elected officials have the right, them, another idea: "Let's add another day of solidarity, in addition to the Monday of Pentecost," offers Bruno Sido.

"The mobilization is at the height of the crisis across the world of agriculture today, said Dominique Barrau Le Figaro, number two of the majority union. Farmers expect concrete action from Europe and the French government, including a plan to lower taxes, social and environmental ".

A double shock

Even if they are not the worst off, farmers crops are facing a dual shock. The precipitous drop in market prices since 2008.Thus a loss of 80-90 euros per hectare of European aid after their redistribution last year, to the most needy in the Health Check of the CAP. A very easily accepted by those farmers who apply, however the government to intervene immediately in the markets to send prices back.

"There are currently 4 to 5 million tonnes of wheat in excess inventory that could not be 0 because of the damage in rail freight and port. They must elapse before the next harvest if prices will continue to decline, warns Michel Masson, vice president of the FNSEA and co-organizer of this event.

A request that the Minister of Agriculture, Bruno Le Maire, and he has heard this morning reiterating the European Commissioner, Dacian Ciolos, visiting Paris."I asked the Commission to intervene on the grain market and make prices go up," he said yesterday at the outlet of the Council of Ministers while urging farmers to "not lose hope."

For beyond this manifestation of discontent, many farmers are going through very difficult times to the point of suicide in extreme cases the rate of one per day is an act of recognition among urban populations they had sought in Paris yesterday. And on this point too, their operation is a success.

"It warms my heart to see Parisians applauded us," says J?r?mine, Young Farmers."They are the ones who feed us and they were not there, we would not be much," says Monique, a passerby who took up the cudgels for the farmers.

The question is whether this mobilization will be more than a flash in the pan and tangible effects. Upcoming dates: May 6 for the first committee to follow up major crops before May 22 and the reunion of all the productions that will invade the Champs-Elysees.

On the macroeconomic front, no significant statistical indicator is expected, both France and the United States.

Air Liquide has posted a quarterly net sales up 5.2% to 3.1 billion euros.

Accor has also published its sales for the first quarter, pre-market Monday.

Other Value to follow Air France payday loans. The inquest into the crash of Flight AF447 in June 2009 confirms that the speed sensors have contributed to the crash but also puts into question the maintenance, so that will continue research to find the black boxes.The Airbus A330 Air France was on the route Rio-Paris crashed into the Atlantic on June 1, making 228 deaths.

The AXA Rosenberg Investment Management, AXA Investment Managers company revealed it had discovered an error in a modeling program that may effectively reduce some risks in his system to optimize its portfolio.

Click on image to enlarge.

The U.S. stock markets have recently experienced six consecutive weeks of increases, an unprecedented series from the lowest 12 years and a half touchdowns in March 2009. On Friday, the Dow briefly crossed into the symbolic meeting of 11 000 points to finish at a cable that level at precisely 10 997.35 points. For its part, the Standard & Poor's 500 took 0.67% to 1 194.37 points and the Nasdaq Composite Index advanced 0.71% to 2454.05 points.Since its low point of March 9, 2009, the S & P 500 has now increased by 75%.

On the foreign exchange market, the euro is rising against the dollar this morning after the announcement yesterday by the countries of the eurozone plan the details of aid to Greece. The European currency was trading at just below $ 1.37.

The week will be decisive for the U.S. markets. Investors will receive the first quarterly results of major public companies faxless pay day loans. As usual, the aluminum giant Alcoa will kick off the season of publications, on Monday after the close of Wall Street.The coming week will also be driven by quarterly results from Intel, Google, General Electric and JPMorgan Chase & Co. banks among others.

On the macroeconomic front, the week will be marked by several important indicators, as the index of consumer prices, retail sales for the month of March, industrial production, housing starts and the first estimate of the confidence index Reuters / Michigan.

The markets will also follow the hearing of Ben Bernanke, chairman of the Federal Reserve, the Congressional Joint Economic Committee on Wednesday and will monitor closely developments in the case of the Greek debt.

On the side of values, the oil sector should also facilitate the session. Chevron Friday, without giving a figure, has announced an increase its refining margins in the first quarter.The band thrives on rising oil prices and a possible improvement in its refining margins. The major U.S. must publish its accounts on April 30.

According to the press, the merger between United Airlines and U.S. Airways should be performed exclusively by exchange of shares.

Four employees of Rio Tinto appear from Monday for "corruption" and "theft of trade secrets": the Australian Stern Hu, head of the Shanghai office of Rio Tinto, and three of his Chinese collaborators. Upon their arrest in July 2009 in Shanghai, they were accused of stealing state secrets, that is to say, highly sensitive information on China's position at the negotiating table on ore prices iron.

Since the beginning of the Rio Tinto trade negotiations and lawsuits strangely coincide.The arrest of Hu Stern and his staff intervened when the negotiations on the price of iron ore were being ruined and one month after the rejection by shareholders of Rio Tinto increased participation of the giant China's Chinalco aluminum in the group's capital.

Partnerships in Africa

Earlier this year, announcing the end of the investigation fell when the price negotiations for the year 2010-2011 debuted without China. Like every year, the big mining groups that dominate the global market – Rio Tinto, both Anglo-Australian BHP Billiton and Brazil's Vale – agree with their key buyers – Japan, China, Europe – a price for the year starting April 1.But the mining groups have decided this time to discuss first with their Japanese buyers.

Last year, Chinese steelmakers were on a very firm position. No agreement had been reached. Steelmakers had ended up paying the market price, 80% over prices negotiated. This year, the talks heated still ahead. Miners might seek to secure increases of 50% to 90%, according to sources. Higher difficult to accept for the Chinese steelmakers.

But Rio Tinto hopes to continue its business in a country that became the main destination of its exports last year, with 24.3% of sales. The Anglo-Australian multiplies friendly gestures. A new head for China and was appointed last month. The choice of Ian Bauert is not trivial.This sinophile and sinophone was created in mid 1980 the first office of Rio Tinto Republic. For his part, Tom Albanese, CEO of the group, arrived in Beijing Sunday to attend an economic forum.

Last week, his company signed a partnership with the giant Chinese aluminum, Chinalco, for an investment in a mine in Guinea. According to the Australian press, discussions are also underway for projects in Mongolia and Australia.