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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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Washington announced Friday it had cleared the merger between United Airlines and Continental Airlines. The Department of Justice indicated that the two U.S. companies had responded to his objections to their merger, leaving a number of slots for landing and takeoff at Newark International Airport near New York.

Downstream Europe in July

United Airlines, the third American company, Continental Airlines and fourth, had announced in May their intention to merge under the single name of United. The European Union, the guardian of competition in Europe, had already given its approval to the transaction at the end of July. In a statement, Brussels stated that his investigation confirmed the complementarity of the two companies' networks for Transatlantic routes, since they operate hubs in different U.S. cities."So there will be a marginal increase in market share," concluded the European Union. But a refusal of the United States was to be feared, as authorities in 2001 vetoed a previous merger between United Airlines and U.S. Airways on the grounds that it would reduce competition in the transport sector to the detriment of the public.

Fusion 1 October

The U.S. Department said it had closed its investigation as a result of the merger between the two companies, which gives them the field libre.Dans a statement, the two companies said they expected to complete their reconciliation of by 1 October. By marrying, they hope to better withstand the difficulties faced by the industry today, including the rising cost of fuel and competition from low cost airlines.Together they serve 370 destinations in 59 countries, with a combined turnover of 29 billion dollars, a fleet of nearly 700 aircraft and about 87,000 employees worldwide.

The battle over Sunday work in Paris is not over. The prefecture of Paris has indeed refused classification tourist areas of the capital, where normally only stores open on Sundays, Scope of outstanding consumer use (chip), the CFTC said Saturday, confirming a report Le Parisien. A classification that makes all the difference for employees.

The designation entitles them to chip counterparties determined by collective agreement, and failing that, to compensatory time off, salary doubled and the ability to refuse work on Sundays. This classification is written into the law of August 2009 on Sunday work and allowed malls open illegally on Sunday to continue the practice without having to pay fines.

Paris will not benefit from this device."The Prefect of Paris has denied the request of Mayor Bertrand Delanoe to rank tourist areas of the capital as Bullet," the CFTC said in a statement. For the union, this decision is contrary to the promise made by Nicolas Sarkozy, that "those who work on Sundays will be voluntary and paid twice."

The exception "tourist"

The zones of tourist interest are beyond the rule.The Sunday opening of all types of businesses is right, and employees are not entitled to compensatory rest must or a doubling of earnings.

"Once again the argument is made that the law Maille on Sunday is only a law made for large retailers, and this undoubtedly to the detriment of family life, personal and spiritual associations," says the CFTC.

There are seven tourist areas in Paris: Part of the Rue de Rivoli, Place des Vosges and rue des Francs-Bourgeois, Arcola Street, Avenue des Champs Elysees, part of the Viaduc des Arts Daumesnil , part of the Boulevard Saint-Germain, part of the Butte Montmartre.The government wants to see more shops open on Sunday in Paris and proposed a map of tourist areas greatly expanded.

The Socialist mayor blocked the project but on the field, she noted that a growing number of supermarkets began, immediately, to open on Sunday afternoon with impunity.

(With AFP)

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It is the birth of a new global leader in Internet gambling traded. The operator of online paris Austrian Bwin announced Thursday an agreement to merge with its British rival PartyGaming, a wedding to 1.7 billion dollars.

Bwin, listed on the Vienna Stock Exchange and specializes in sports already claimed the leadership position in Europe with a turnover of 373 million euros in 2009.

The second, quoted in London and more focused on poker and casino games, carried 309 million in sales last year. The new group will be listed in London and based in Gibraltar.

The shareholders will own 51.6% Bwin – those of PartyGaming else – but it redeems PartyGaming.The merger will be completed in the first quarter of 2011.

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The U.S. stock markets continue their advance on Tuesday, as European stock markets and the momentum of the day on Wall Street. At the opening, the indices are green, but increases small. Very quickly, the Dow Jones up 0.37% at 10,564 points, the Nasdaq is up 0.44% to 2306 points and the S & P 500 by 0.44% to 1120 points ..

Yesterday, the market was driven by good news from the real estate sector still observed under the microscope by investors. Sales of new houses in the United States have indeed rebounded more than expected in June, 23.6%. On Tuesday, a new publication, the Case-Shiller index of home prices meets the individual operators stock market is increased more than expected in May in the United States, +0.5%, a move which still reflects a sustained level of sales, helped by a tax credit.The month of May and is the second consecutive monthly increase, a trend that comes after two months of consecutive decline.

Another highlight of the week at the macroeconomic level, the U.S. central bank should publish its Beige Book Wednesday on the economic conditions. It will be very guarded while the president of the institution, Ben Bernanke said Wednesday before Congress the slow recovery, with no announcement of new funding in the economy. But it was the day Friday with the first estimate of gross domestic product (GDP) U.S. second quarter is expected this week.

On the foreign exchange market, the euro continues against the greenback.Around 15:30, the euro was worth just under $ 1.30, but the threshold was crossed earlier.

The ball takes Publications

On the side of values, as BP leads the rating declining by 1.5% to 38.12 dollars in early trade Payday Loan for Bad Credit. The amount of the quarterly net loss of oil exceeds $ 17 billion, a record high. The group is preparing to sell $ 30 billion in assets and confirms the resignation of its CEO.

The U.S. financial services group CIT (-0.21% to 38.92 dollars), which serves a clientele of mainly SMEs, on Tuesday released a second consecutive quarterly profit and announced it had reduced its debt by three billion dollars.The net income was $ 142.1 million, and reported the number of shares equivalent to 71 cents, while analysts were not expecting that 33.

The group has however indicated that he had once again increased its provision for credit losses, bringing them to $ 260.7 million over the period April-June But this element, as well as pay increases decided to retain employees, was more than offset by asset sales, earnings and tax collectors.

For its part, the world's number one defense, Lockheed Martin (1.73% at 73, 17 dollars) Tuesday reported higher quarterly earnings expectations and raised its annual profit forecast by emphasizing buybacks and improved results in the satellites public.Net income for the second quarter was $ 825 million or $ 2.22 per share, against 734 million or 1.88 dollars per share in the second quarter 2009.

Today investors await quarterly results include sitting in the middle of those of DuPont.

Always on the side of values, the European Commission on Monday opened two investigations to IBM. It suspects the group of computer abuse of dominant position on the markets for servers.

Fiercely negotiated three days in Toronto, the draft statement of the G20 should offend anyone. If it includes the rigorous growth strategy, it also warns against excessive austerity. Still as unpopular worldwide, the tax credit is mentioned by the G20 as a means available to states to pass through to the banks of the crisis mess. The 28 pages of draft final declaration, which obtained a copy of Figaro, operate a subtle synthesis between European and American positions.

Angela Merkel can boast of having imposed the virtues of fiscal discipline at the highest level. But to the relief of Barack Obama and Nicolas Sarkozy, she has not transformed the G20 summit of austerity."Recent events show the importance of sustainable public finances and the need for our countries to implement measures to consolidate budget spread over time, conducive to growth, and differentiated according to country and national circumstances," says the One of the phrases most discussed compromise.

Determined to make growth "priority" of the G20, the United States got to place the term "recovery" prominently in the declaration, a challenge, says a trader. "We need to let it work through our plans to consolidate fiscal stimulus recovery," said the G20 as well. "Adjustments in simultaneous biggest countries could undermine the recovery," it added.

Disagreement over the top on bank charges

Canada has not really managed to impose a stability pact worldwide."Advanced economies have pledged to take measures to consolidate budgetary decline by at least half the deficit by 2013, and stabilize or reduce the debt / GDP ratio by 2016, said the G20. Nothing that does very afraid of the euro area, or even France, which has promised to reduce its deficit to 3% in 2013. The White House, meanwhile, did not wait for the G20 to commit to reducing the U.S. budget deficit by half in 2013 to return to deficits of 3% in 2015.

If the disagreement at the summit endorsed the tax credit, due to strong opposition from Canada to Australia, but also emerging countries (China, India, Russia), the G20 mention the tax as an option for countries seeking to save public money in any future banking crisis.Defended by the Fund, this fee would be modulated according to risk profile of financial institutions.

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The Paris Bourse, which sailed around the equilibrium in the morning suddenly stalled in mid-session, disappointed by U.S. employment figures and worried by the fall of the euro.

At the finish the CAC 40 plunged 2.86% to end the session very much below the threshold of 3,500 points to 3,455.61 points exactly. On the whole week in Paris index shows a decline of 1.7% bringing its losses since the beginning of the year to more than 12%.

Reflecting investor nervousness, activity was sustained, with almost 5 billion euros traded on the great values of the Paris stock exchange. Other stock markets in unison dévissaient London lost 1.63% and 1.91% Frankfurt, Milan and Madrid 3.79% 3.80%.The Euro Stoxx 50 index dropped 3.20%.

Investors skeptical of increasing the strength of economic recovery plans for fear that strict hindering growth, obviously await any excuse to sell. They took advantage Friday of a disappointment on the job market in the United States to pass the act.

The euro under $ 1.20

In the U.S., unemployment fell in May to 9.7%, but the net new jobs (431 no teletrack payday loan.000) were significantly worse than expected. The NYSE has also reacted badly to this statistic, always closely watched by the markets. Wall Street was changing rapidly decline with the approach of the close of European stock exchanges. The Dow Jones lost 2.16% and the Nasdaq 1.80%.

In Europe, a new front in the crisis began in Hungary.The local currency, the forint, the Budapest Stock Exchange, and covers the failure of Hungarian debt (CDS, credit default swap) tumbled after the alarmist statements about the economic situation on the part of politicians, from the majority place.

Those fears pushed investors to the traditional safe havens like the dollar or Swiss franc. And for the first time since March 2006, the euro fell below $ 1.20. In Paris, financial stocks were once again the front line. Societe Generale lost 7.5%, BNP Paribas and Crédit Agricole over 5%.

Human error is not finally rise to the "flash crash" that Wall Street plunges 9% for 20 minutes, 6 May last, and cleared up almost $ 1,000 billion market capitalization.

According to a report from the futures market operator Chicago Mercantile Exchange (CME Group) that has acquired Reuters, the manager Waddell & Reed Financial has happened during those twenty minutes, a sales order of 75,000 contracts' e -mini ". What are they? The highly liquid futures that allow investors to manage their exposure to the Standard & Poor's 500. In other words, the company has bet heavily on the index drop. Other companies – Jump Trading, Goldman Sachs, Interactive Brokers, JPMorgan Chase and Citadel Group – have also made such transactions. A total of 842,541 contracts were traded on the e-minis, according to document CME.

Waddell loses more than 5% at the NYSE

Waddell, whose share lost 5.67% at the New York Stock Exchange Friday at 21:30 (Paris time) after the news from Reuters, responded by saying that he had been "one of the more than 250 companies who treated the title 'e-mini "during the period of time during which the market fell" flexcheck cash advance.

Tuesday, Gary Gensler, Chairman of the Commodity Futures Trading Commission (CFTC), the supervisory authority of derivatives markets in the United States, said at a hearing in the Senate have shown that a single transaction was accounted alone is about 9% of total "E-minis for diving indices. He said that there was no evidence that the operator concerned had breached the rules by placing selling orders.

Observers, as reported in Fox Business News, was believed to be a mistake to a trader at Citigroup, who wanted to sell forward $ 16 million on the S & P 500, but spent his order on Procter & Gamble for 16 billion dollars.

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After the deep recession that marked the years 2009, 2010 should be the rebound. But "the recovery continues." In these terms as Head of the conditions of INSEE, Sandrine Duch?ne, talks about the situation of the French economy.

And these are not figures of household consumption published Thursday that will contradict that finding. Spending by French manufactured goods suffered a second consecutive decline in February, down 1.2% from the previous month. Nobody expected such poor performance.

More broadly, the economic climate could be worse than anticipated earlier this year.In the update of its forecast released Thursday, the Institute of Statistics has just downgraded the growth of the first part of 2010.

In the first quarter, GDP should grow and not more than 0.2% and 0.3% in the second quarter. To reach the forecasted growth of government, namely 1.4% – should be that activity in France rose 0.5% to 0.6% over the last two quarters. Ambitious!

The beginning of the year was marked by a recovery in the euro zone, both "tentative and mixed, according to Insee. Then it would open in Germany, Spain was left behind.In the wake of world trade, the demand addressed to France should slow down on the horizon in mid-2010.

Employment adjustment

For their part, companies are hesitant to implement new investment projects, "despite improvements in their conditions of funding" payday loans . And this, especially as production capacities are still underutilized.

Among households, nothing euphoric either. In the first half, the purchasing power will continue to slow down (+0.1% in the first quarter, 0.3% in the second), due to a slight rise in inflation and an acceleration of tax burden. Thus, while consumption has resisted during the crisis, it fell in the first half.

The aftermath of the scrapping bonus there is not nothing.End of 2009, auto sales had jumped into effect, households with their anticipated purchases to take full advantage of the generosity of the measure.

As for employment, finally, he would continue to adjust, albeit at a more modest pace. The private sector will lose 80,000 more jobs by mid-2010, after destroying 100au second half of 2009 and around 260000au first. Unemployment would reach in France and 9.8% of the workforce in June. At the end of last year, it was 9.6%.

The French Prime Minister Francois Fillon reiterated on Thursday before the Senate that the unemployment curve "should be reversed in the second half of 2010.

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A charge "unusual". The Financial Times estimated that about Economy Minister Christine Lagarde, for a change in the economic policy of Germany, he reported on Monday, just break a "taboo" between the two countries . Christine Lagarde believes that Berlin should change its policy of reducing labor costs, which allows Germany to achieve a trade surplus, but that is not tenable: "I am not sure whether a model sustainable in the long term and for the whole group (euro area). It is clear that we need a better convergence.

Changes in labor costs between 1996 and 2009 has soared in Europe, except Germany.While labor costs have jumped on this period by 35% in France, 45% in Spain and 65% in Greece, they rose by 5% in Germany.

Christine Lagarde welcomes the good economic performance of Germany. But the Economy Minister said that Berlin would benefit from encouraging the development of demand on its domestic market. According to the Financial Times, she sees this as a salvation for indebted countries in Europe, which could well return to competitiveness and consolidate their public finances.

These statements may elicit a quick reaction at the meeting of finance ministers from the eurozone to be held on Monday to discuss the conditions for support to bring to Greece to help it cope with its debt of 300 billion 'euros.On this point, Christine Lagarde said that members of the euro zone must ensure the implementation of commitments of Greece in fiscal austerity before granting assistance, the form must comply with EU rules force. The Minister of Economy invited his counterparts to show "a little creativity and innovation" to describe the form of aid.

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