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Change in the indices of the Paris Bourse. The Franco-Belgian bank Dexia and media group Lagardere will leave the CAC 40 September 20. They will be replaced by the bank Natixis, a subsidiary of BPCE, and the communication group Publicis. They wait patiently until two values within the index "Next 20", will welcome their places Dexia and Lagardère.

Natixis and Publicis laugh, cry and Lagardère Dexia

Meanwhile, financial markets on Monday welcomed the news: Natixis gaining 3.26% to 4.57 euros and Publicis rose 1.50% to 34.95 euros in a market up slightly at 0.12%.Conversely, Lagardere was down 2.42% to 28.05 euros and Dexia loose 2.03% to 3.37 euros, to 10.30, the two largest declines the CAC 40.

Edenred, company resulting from the division of Accor, the chemist and Rhodia will join at the same time that antechamber of the CAC 40 in place of the services company Atos Origin and Land Regions.

These decisions were taken Friday night by the Scientific Council of the indices of the Paris Bourse. It meets at least four times a year to update the content index. To determine the entry or exit to a value of the CAC 40 are taken into account many factors: the respective weight values, number of transactions, volumes of shares traded and turnover.

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Ten years after its peak, the CAC 40 fell by half

The base effect was particularly favorable. But overall, companies listed on the CAC 40 – stock index comprising the 40 largest market capitalizations in France, headed Total – can boast of in the first half of fiscal 2010 profits up 86% over the first six months of 2009. Profits have almost doubled, reaching some 41.5 billion euros, against less than 23 billion a year earlier. To recall, throughout the year 2009, profits amounted to 47 billion euros payday advance lender.

Alone, Total, BNP Paribas and France Telecom accounts for one third of total profits. Total remaining the most profitable company in France (by far) Continue along the road and with an increase in profits by 28.1% in the first half of 2010 versus the first half of 2009.Other companies that have successfully managed the first half of the year, L'Oreal and LVMH, the luxury market is still juicy, Sanofi-Aventis and Capgemini, who continue their acquisition strategy.

The number of counterfeit euro banknotes declined in the first half of 2010 according to the biannual report of the European Central Bank (ECB). In total, 387,000 false banknotes were withdrawn from circulation, a decline of 13% over the second half of 2009.

The ECB said that "reported to the stock, up, of genuine euro banknotes in circulation (average 13.2 billion in cuts in the first half of 2010), the number of counterfeits is very small." The European institution does not specify whether the counterfeit notes were seized before their release.

Tickets are most affected by counterfeiting are € 20 (41.5%) and 50 euros (42.5%). Almost all (98%) of counterfeit notes seized this semester have been in a member country of the euro area.According to the Central Office for the Suppression of Counterfeiting Currency (OCRFM) quoted by Agence France Presse (AFP), France, Spain and Italy together account for 70% of the counterfeiting of the euro.

The ECB seeks public caution, recalling the method "Touch-Tilt-Watch" called "TRI" to verify the presence of several security features on tickets for the single currency.

The regulation of the financial world is big today. In the U.S., the proposed revised financial regulations would be voted on today in the Senate after the House of Representatives has given its go-ahead in July. Some measures have been abandoned over the debate, as the proposed tax credit, but the final text is still the biggest overhaul of financial regulation since the 1930s.

Meanwhile, a meeting is being held in Switzerland and covers the establishment of new prudential standards proposed by the committee of "Basel III". The objective of these measures is to raise the level of capital requirements at banks to limit to reduce the risk of bankruptcy of these establishments, and limit the risk of traders in the market, including products derivatives.But even the regulators and central bankers seem to make concessions against their original objectives, under pressure from banking lobby. They are afraid that a new credit crisis since experts believe that these new rules would force banks to raise more than 1.000 billion in new capital. The final text must be presented at the G20 summit in Seoul in South Korea, 11 and 12 November.

Reform in Europe delayed

And in Europe, the Twenty-seven have found common ground on how to conduct stress tests that will be published July 23. However, the reform of financial supervision has been delayed over disagreements between the Parliament and the Council of Europe. It should not come into effect before September, according to the Wall Street Journal.

U.S. investors are smiling. The NYSE has finished in the green for the sixth straight session Wednesday. At the close, the Dow is 0.45% to 10,733.67 points, its best close since October 2008. The Nasdaq climbed 0.47% to 2389.09 points. The S & P 500 finished up 0.58% to 1166.21 points.

The decision of the U.S. central bank widely expected, continues to support markets, as before. The Asian and European markets have reacted the same way, following the announcement.

Today, the markets awaited the speech of Fed Chairman Ben Bernanke and Paul Volcker, economic advisor to President Barack Obama, before the Committee on Financial Services of the House of Representatives on Banking Supervision."We are quite concerned about the latest proposal to make the Fed the regulator of banks only," said Ben Bernanke. "The participation of the Federal Reserve oversight of banks of all sizes are greatly enhanced our ability to fulfill its role as central bank," said Ben Bernanke.

Note that the stronger-than-expected producer prices bolstered the decision of maintaining a low level of interest rates. The latter fell twice more than expected in February, according to official figures from the Labor Department. They have declined 0.6% compared to January while analysts had estimated the decline at 0.3%.This is the first decline in this indicator since September, and its biggest decline since July 2009.

"The combination of good economic statistics and an easy money policy will pull the market up," summarized Peter Cardillo, Avalon Partners. Trade volumes continued to be weak however and movements in the stock market "conservative," the analyst said.

The materials sector to

Within the Dow, the largest increases are signed by the values related to raw materials.The aluminum producer Alcoa (4.78% to 14.48 dollars), the oil companies Chevron (0.93% to 74.76 dollars) and ExxonMobil (1.19% to 67.36 dollars) up, while OPEC has announced his intention not to raise production quotas barrel of oil.

The chip maker Intel (+1% to 22.23 dollars) has unveiled a new chip (Xeon) almost 60% more efficient than the previous generation. The computer giant is to publish its results on April 13 and analysts expect a pleasant surprise.

LBO rumors circulating on Harley-Davidson (-0.53% to 28.20 dollars).

Pepsico (+0.76% to 66.57 dollars) did not suffer from degradation of S & P "A" after the acquisition of bottlers.

Hartford (4.84% to 28.58 dollars) and Discover Fiancial Services (-0.39% to 15.24 dollars), announced after the close of Wall Street they will quickly repay their funds have been advanced state. Hartford must repay $ 3.4 billion to the Treasury and Discover 1.2 billion dollars. The issuer of Discover credit card has also announced a loss of 104 million dollars in its fiscal first quarter.

Pfizer (-0.29% to 17.21 dollars) Wednesday tabled a takeover offer from German manufacturer of generic drugs Ratiopharm in the last stage of the bidding, according to a source familiar with the matter.

Primerica, a subsidiary of Life Insurance Citigroup (at equilibrium, to 4.05 dollars) has filed documents relating to its IPO. It could raise up to $ 234 million through this operation.

Overall, the bank is in good shape. Bank of America took 1.41% to 17.27 dollars and JPMorgan Chase 1.27% to 43.79 dollars.

Note also the French insurer Axa is planning to leave the New York Stock Exchange March 26.

Marc Simoncini has enriched the right time. He managed to sell its Internet portal iFrance Vivendi before the Internet bubble broke. "I sold it very cheap, 182 million, but nearly half in Vivendi shares, says he. And the course is spent in a few weeks from 100 to 8 euros. I lost enough money to tell me that I could not stop working. So I founded Meetic. "

Ten years ago, world capitalism was attending the breakup of one of the most famous bubbles. That of. Com (dot com in English), these values of the "net economy" that even baptized "new economy". At the time, only 350 million people are connected to the Internet in the world against more than a billion and a half now. But in early 2000, analysts and fund venture capital are already there. They overestimate the ability of start-ups to become profitable and give them carte blanche.Just then an idea, a business plan presented on Powerpoint to convince venture capitalists to invest tens of millions even before he won any customer.

No matter, since a tsunami will occur: the bank branches will close in favor of online banking, consumers will no longer do their shopping in supermarkets and choose the sites of e-commerce …

At that time, Philip Collombel is responsible for web development at Carrefour. "A few months before the bubble burst, the group's leaders had planned to invest hundreds of millions of euros in this area," he recalls. Finally, all the ambitious ideas have been put in closets. "We threw the baby out with the bathwater," Regrets Philippe Collombel.Ten years and two owners later, Carrefour has announced its intention to buy a player in online commerce to catch up on the subject. Ooshop.com The site, launched at the time – now renamed Crossroads – sells little more than a large supermarket.

But the food is one of the few sectors where e-commerce has not taken a prominent place. The use of the Internet has indeed developed a massive scale, even if it took longer than expected. With their billions of dollars in profitable sales, Amazon, Yahoo, eBay are still there, joined by thousands of businesses, net of pure players or players converted traditional flexible cash advance payments