Current News Headlines

Wall Street started badly the meeting this Thursday. On opening the Dow Jones lost 0.75% at 10,194 points and the Nasdaq fell by 0.87% to 2172 points. The Exchange NEWYORKAISES is affected by the disappointing numbers of jobs. The U.S. Department of Labor lists because 480,000 new applications for unemployment benefits from January 24 to 30, or 1.7% over the previous week. The indicator has thus regained its level of December 12. It's much more than was expected by analysts, who figures the department would have to show a decline in new listings to 455,000 files.

Moreover, markets can not rely on the monthly sales featureless published by major U.S. retailers.

On the values front, Cisco will be monitored closely.The action of the number one global internet network equipment gained 4% in hours trading Wednesday after the publication of quarterly results, above expectations and with comments upbeat on the prospects for recovery in 2010.

Monster Worldwide also should be surrounded. The Action Group on Internet recruitment gained 2.3% in hours trading Wednesday after the quarterly earnings release and the announcement of the acquisition of HotJobs to Yahoo for $ 225 million in cash.

The Paris Bourse opened the week and the month of February, down from 0.48% to 3721.66 points in the wake of the decline on Wall Street Friday. The same applies to the Frankfurt Stock Exchange decline of 0.38% at 5587.5 points, and that of London which yields 0.38% to 5168.64 points. After a week punctuated by a sharp increase from 1.37% to 3.739.46 points, investors should be preparing to take their profits.

Markets were awaiting major publications in the United States. Around 12 o'clock, the President of the United States, Barack Obama has proposed a 2011 budget of 3.834 billion dollars. The White House said Monday that the draft budget for next fiscal year (October 2010-September 2011) showed a deficit of 1.267 billion dollars, down 19% due to higher expected revenue.In the afternoon, indicators follow overseas spending and household income for the month of January (1430), construction costs for the month of December (16 hours), the ISM index of manufacturing activity January (16 hours) payday loan . On Friday, the U.S. GDP figures for the fourth quarter, came out up 5.7%.

The results season of American companies continues its course on Monday with those of Exxon Mobil, the world's oil.

In France, prices for production in French industry decreased by 2.9% in 2009, a decline limited to 1.3% for foreign markets, according to figures released Monday by the INSEE. In all markets (French and exports), the producer prices are down 2.4% a year, says the National Institute of Statistics.In December 2008, prices remained stable (0%) in the industry for the French market.

Sales of new vehicles surged 14% in January by the Committee of French manufacturers (CCFA).

Side currencies and commodities, oil off again on the rise (+0.22% to 73.21 dollars), while the euro strengthens against the dollar (+0.25% to 1.3899 dollars).

The detailed values to follow

The results from Wal-Mart were already well wonder at the height of the financial crisis, they could only be better when the U.S. economy begins its recovery. The world leader in the distribution has announced Thursday that it earned in the third quarter sales up 1.1% to 98.67 billion dollars. Sales to U.S. store constant and excluding fuel have instead declined by 0.4%, where analysts had expected an increase of 0.4%.

Net income meanwhile rose by 3.2% over one year to 3.239 billion dollars. Reported to share, earnings reached $ 0.84, three cents higher than a forecast analysts. The group had said it expected earnings per share from continuing operations of between 0.78 and $ 0.82 for the third quarter.

In contrast, the group is cautious in the fourth quarter disappointed observers. Wal-Mart says and expects to post earnings per share from continuing operations of between 1.08 and $ 1.12, while analysts on average expect a figure of $ 1.12. In exchange for pre-market action shrank by 0.6% to 52.45 dollars to 13h20.

As Le Figaro suggested in the October debates are open around the succession patterns within the Crédit Agricole. Early in 2010, Georges Pauget, the current director general, should give way to Jean-Paul Chifflet, Secretary General of the National Federation of Credit Agricole, and CEO of Regional Bank Central East. Crédit Agricole would "not comment" information, but the case was already settled backstage.

The handover between the two leaders would be formalized on November 10, during validation of quarterly results. Pauget should then remain at the head of the bank until late February.

Interviewed this morning on France Inter, Geaorge Pauget had neither denied nor confirmed."I am dependent on the board and I did not formulate an opinion on the subject," he declared.

The regional fund would not forgive Geaorge Pauget an international development and growth of bank financing and investment have resulted in heavy losses.

Aged 60, John Paul has held since 2000 Chifflet Branch Credit Agricole Center East in Lyon, and is also vice-president of SAS La Boetie.

ALSO READ

"2010, deadline that shakes the Crédit Agricole

"Banks: the return of large-scale maneuvers