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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).

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The two bad U.S. indicators were not sufficient to curb the enthusiasm of investors on the Paris Bourse. The CAC 40 closed up about 0.32% to 3910.75 points, above the threshold of the fateful 3900 points. When the transaction volume, it remains very low at 1.9 billion euros.

After a setback, following the publication of figures for new home sales in the United States and the index of consumer confidence, the market has finally resumed.

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After Numéricable cable operator, it is the turn of the supplier Alice offer a so-called Triple Play, includes in a single package the internet, television and telephone for less than 20 euros (19.99 euros). This offer has just been launched is reserved for new subscribers to access broadband internet dedicated, unlimited calls to landline numbers in 60 destinations and 60 television stations.

The parent company also owns the Iliad ISP Free, used to practice low price to differentiate themselves from competition (pioneer Tripe Play offers 30 euro launched in 2002).Last September, Numéricable announced the launch of its triple play offer to 19.90 euros per month, which will take effect within days.

If consumers see a good eye that price war among operators to reduce their bill each time, lower tariffs may lead to a loss of associated services, such as controversial after-sales services, including quality has often been lacking in the area.

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.

Showered by the publication of unemployment to 10.2% in the United States in October, the European and American markets had immediately swung into the red. But the image of what happens on Wall Street, the CAC 40 has quickly found the way up, offering a second reading, less negative than before, the employment figures. The index of the feature takes place in Paris 0.26% to 3718 points to 16.15.

Thursday, stock markets worldwide have been well oriented due to figures released by the U.S. Department of Labor Productivity in the country.

In addition to the monthly report on employment in the U.S., markets also watch the publication of wholesale inventories in September.

Values follow

Lafarge is attacked (-4.5%). The French group has released financial results Friday down sharply in the third quarter.Net income is recorded down 38% year on year to 404 million euros while sales fell 20% to 4.25 billion euros. These results were slightly below analyst expectations.

L'Oreal is sanctioned (-1.46%) after the publication of a revenue deemed disappointing. For its part CapGemini is still undergoing clearances (-2.49%). Several brokers have changed their views following the quarterly judged below investor expectations.

Conversely, Hermes International stands (2.30%). The luxury group has for its part issued Friday sales up 5% at constant rates in the third quarter, to 452.1 million euros. The group said its goal of stable sales in 2009 could be exceeded if the trend continues this year.

Values M6 (6.41%) at the highest for two years and TF1 (4.23%) were also searched.The audiovisual group M6 has exceeded expectations by recording a marked improvement in advertising revenue chain and strong growth of its business diversification. In particular, M6 was confirmed as the month of September showed the first signs of an improving advertising market with stronger demand from advertisers in some sectors the consumer in particular.

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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.

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