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There is a lot more people than June 24th, and I hope that the Government become aware that this reform can not move, launched the Secretary-General Bernard Thibault of the CGT Tuesday. The secretary general of the CFDT, Francois Chérèque, reported to him as "the biggest mobilization in recent years", citing "senior figures in virtually every June 24.

At the previous day of action, between 800,000 people, according to police, and two million, according to unions, marched through the streets. Before the Paris demonstration, which takes place this afternoon, the Ministry of Interior announced that 450,000 people marched for the moment.The Secretary-General Jean-Claude Mailly FOR believes that "if things go on like this all day, we fulfill our objective."

In Rennes, some 21,000 people marched, according to police and 48,000 according to the CFDT and the CGT, the highest figures since 2006. In Lyon, they are 16,000 and 25,000 according to the prefecture with the unions that broke the pavement. In Bordeaux, between 40 and 100,000, and Marseille, between 27,000 and 200,000.

Inventory of strike rate:

– Public service: nearly a quarter (24.77%) of officers of State Civil Service including teachers, 16.2% of territorial agents and 17.76% of hospital workers are on strike, according to the Ministry Public Service. These figures exceed those of the day June 24

– La Poste: some 22.07% of postal workers were on strike at 10:00, against 19.86% on June 24 last, according to management.Figures disputed by the CGT and Sud, which advances a proportion of 35-40% of strikers.

– Education: Teachers go on strike to 29.3% with 33.6% primary and 25.8% in secondary schools, according to the ministry, the FSU union strikers amounting to 60% in primary and 55% secondary. On June 24, the first digits of the Ministry of Education had a strike rate of 31.87% and 10.27% in primary and secondary levels.

– Transport: the direction of the station has recorded 42.9% of the CGT strikers and 51.8%. The figures also up compared to June 24 The direction of the RATP announcement regarding it 22% of strikers on the whole company staff Ile. So more than 18% of employees who had stopped work on June 24(SEE ALSO – Update on disturbances, sector by sector)

– Pole employment: between 16.93% (depending on direction) and nearly 25% (by major union, the SNU-FSU) employment center agents are on strike. Or, again, rather than June 24 (respectively 12.26% and 22%).

– France Telecom: 30.84% of the 100,000 French workers were on strike, against 29.29% June 24, according to management, unions, speaking of numbers "higher" without giving any details yet.

– Justice: the Trade Union of the Judiciary, Majority, called for the dismissal of all hearings of the day.

If the strike were to be strong in the public sector, the traditional stronghold of French unions, walkouts should also occur in the private sector, such as cars or banks or energy.As employees of two refineries Total have they decided to extend the one-day strike against the proposed pension reform. In addition, the Port of Nantes / St Nazaire blocked since Monday night until Wednesday morning, "perhaps more as regards the operation of the Total refinery at Donges," according to the secretary of the local union CGT Ports and Docks majority. "All companies are dependent on the port is currently paralyzed, either total, Airbus, Cargill," he said. Two container ships, two ships carrying soybeans and several vessels supplying the Total refinery are currently blocked at the port of Montoir, near Saint-Nazaire.

(With AFP and AP)

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Want easy and fast cash? In stead of approaching any other loans and wasting time you should better go to get instant cash loans.

Dropped 6% Eurostoxx 50 in four meetings. -4.5% On the Dow Jones. The stock markets are feeling the pinch since five days after a series of disappointing indicators. But the deteriorating economic conditions may explain in part the decline of recent days. A new phobia stirred since mid-August the community of technical analysts, very active in the Anglo-Saxon: the Hindenburg omen. According to this theory based on statistical observation, when during a single session, a large amount of assets a share price reached its highest level since 52 weeks and another group of shares is in contrast to a low of 52 weeks, then it presages a new crash on Wall Street. This configuration has indeed preceded all the crashes of the past 25 years.Now this rare phenomenon has been observed on August 12 last.

At first glance, the analysis may seem silly, but when we know the possible influence of technical analysis on decision making in trading rooms, the question deserves some attention here. An emphasis on this theory could have the effect of precipitating the collapse of markets by a kind of anticipatory self-fulfilling.

What happened on August 12

On 12 August, the same day at least 2.9% of U.S. stocks from the NYSE reached a peak of 52 weeks, while at least 2.6% of values fell to a low of 52 weeks. This configuration, called "Hindenburg omen," referring to the crash of a German Zeppelin in New Jersey in 1937, would thus poses a risk of an imminent collapse in the New York Stock Exchange.For the scenario is validated, however, requires that the configuration is again within 35 days. However, if one sticks to the analysis of Robert McHugh Marketoracle website, seems to have been the case, last August 20.

More ominously, this type of configuration, which, under certain conditions, would have preceded each of the 25 crashes last year. This was the case before the crash in the fall of 2008. The figure was also present a few weeks before the stock market crash of 1987. We could observe three trading days before the panic of October 1989. With this indicator, the 1990 recession, falling stock markets linked to the collapse of LTCM and Asian crises of 1998 were also predictable.

A highly controversial approach

By looking more closely at the scenario is unlikely to occur. To understand this flag, it must return to basics.The paternity of the Hindenburg omen Miekka back to Jim, who edits a newsletter called the Bull & Bear Report Sudbury. But the very idea of this flag goes back to later, finding its roots in another indicator: the high low logic index, described by Norman Fosback in the 1970s. In his book Stock Market Logic, the American economist, explained why when at the same time, a significant number of shares reached a new high and a significant number reaches a low, markets are likely to decline. This shows that the market is undergoing a period of extreme divergence, which is generally not conducive to future rising stock prices.

But where Norman Fosback had merely simple criteria, proponents of the Hindenburg omen facing a multitude of conditions, which are subject to interpretation, and therefore are not unanimous.That's where the shoe pinches. In practice, it is virtually unenforceable.

Reliable indicators abound in the sense of portent

When the five conditions necessary for the validation of the Hindenburg omen are met, the stock market crash, defined by a rapid drop of at least 15% of stock market indices in the next four months, would then have 30% chance to occur. A contrario reasoning is sufficient to limit the scope of this prediction: if a 30% chance that a crash occurs, there are so 70% it does not happen! This likelihood does not however exclude the possibility of an imminent crash.

This approach also runs counter to the traditional view of technical analysis, which is to banish any source of subjectivity by analyzing the market through simple indicators, not subject to multiple conditions in an attempt to predict the evolution courses in the coming weeks. Technical analysts therefore recommend to always use the same indicators that markets go up or they fold, including the trend of moving averages.These reliable indicators not currently exclude a decrease of 10% to 15% of the market in the coming weeks, as recommended in the Hindenburg omen.

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The Paris Bourse hesitated Wednesday

The five conditions of the Hindenburg omen

First, the quota values that cross new thresholds upward or downward has been lowered. For Norman Fosback requires a minimum of 5% of the relevant securities. But for the Hindenburg omen it requires a much lower threshold of 2.5%.

Further, the followers of the Hindenburg omen believe it should be interpreted in light of several other indicators on the conditions of validity of five.The first condition, the most important is that the highest and lowest of 52 weeks. The second is that the moving average of ten weeks NYSE should be increased. Thirdly, the McClellan Oscillator (a proxy measure of volatility) must be negative on the same day. Fourth condition: the highest amount of new 52-week values the NYSE should not exceed twice the amount of new low of 52 weeks. Finally, and this is the fifth and final condition: the scenario must be repeated within 36 days after the first appearance of this configuration market.

The euro area returns in the red. Ten days after France's trade deficit widened to 5.5 billion euros, the euro zone on Friday issued a trade deficit of 3.4 billion for the month of May, after a surplus of 0.3 billion in April, according to a first estimate from Eurostat. In May 2010, seasonally adjusted exports rose by 1.6% and imports by 4.2%. In May 2009, the euro area recorded a surplus of 2.2 billion euros.

This was due to the decline of the euro against the dollar in the spring, pro-European exports, but bad for imports, which are to higher prices.

All countries of the European Union, namely sixteen of the euro area and the eleven who did not belong, recorded in May a trade deficit of 15.1 billion euros free instant credit report . It widened from April (-11 billion) and over the same month of 2009 (-7000000000). In May 2010, exports of "27" rose 0.9% and imports by 4.1%. One area where the deficit was more accentuated for the "27", the éenergie (-91.5 billion euros against a deficit of 76.1 billion a year ago).Conversely, manufactured products emit a surplus of 50.5 billion euros (ocntre a surplus of 34.7 billion).

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Ensuring pension "adequate, sustainable and safe". That is the goal set by the European Commission on Wednesday, opening a public debate across Europe about pensions. One way for Brussels to contribute to debates in the member states, faced with increasing public deficits and debt.

France initiated its reform, that the legal age of retirement will be pushed back 60 years to 62 years by 2018. By 2029, the Germans to retire at age 67 instead of 65 today. Spain, whose age is currently 65, is studying a similar scenario. Finally, Great Britain, the legal age could be raised to 68 years.

These measures are widely endorsed by the European Commission, who said in a Green Paper published today on the occasion of the opening of public debate."In all Member States, an aging population weighs heavily on the existing pension plans, and financial and economic crisis has only increased that pressure," said a statement in Brussels with its consultation document.

"In Europe it is expected that the number of retirees will double by 2060 compared to the number of people who fund their pensions: the current situation is simply unsustainable. To remedy this, it is necessary to consider carefully the balance to be struck between the length of working life and in retirement, "said European Commissioner for Employment, Laszlo Andor in this release.

An average exit age increased to 70 years by 2060

Clearly, the EU executive urges EU states to a widespread decline in the age of retirement, at a time when people are living longer while birth rates are sliding. "In 2008, there were four people of working age (15-64 years) for every citizen of the European Union (EU) aged 65 years at least. By 2060, this ratio will drop to two for one ", explains the Commission. The latter considers that the average age of retirement should be raised from 65 to 70 years by 2060 to maintain pensions at their current level.

The consultation opened on Wednesday last four months, until November 15, 2010. To mobilize the citizens, the Commission established a website to collect the views of each.Based on a recent Eurobarometer survey, Brussels says that Europeans are ready to accept the measures taken by EU governments. The survey found that "73% of citizens of the European Union provide a clear decrease in their retirement or think they have to work longer or save more for their old age."

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The Autorité des marchés financiers (AMF) to better protect investors. Like announced last April, the MFA has launched with the collaboration of the supervisory authority, a new public financial information. His goal? To better inform its clients on banking, savings, insurance, financial markets or the credit. The public will get information on insurance products (home, auto, life, health …), bank accounts, means of payment, bank books or the functioning of financial markets, products collective savings, companies listed on the Stock Exchange, the securities account.

"Applications will be redirected by the operators to specialists of the AMF or the supervisory authority," says Madeleine Guidoni, mediator of the AMF.The policeman of the Exchange hopes to meet customer expectations disappointed that their banks do not have better information about the content of such Fund.

Life buoy

"The financial institution has taken to bad habits for marketing of financial products", regrets the mediator of the AMF.With this new service, the regulator should thus be able to better track business practices of banks and better focus the control activities.

After the merger of the bank authorities and insurance giving birth to the supervisory authority, the creation of this service, as required by the economy minister, Christine Lagarde, is like a lifeline to investors, including confidence in financial markets has been severely affected by the numerous cases of fraud or scam.

Called Insurance Banking Savings Info Service, is available in a website – www.abs-infoservice.fr – A telephone helpline – 0811901801 – and a postal address – Insurance Banking Savings Info Service, 61 Rue Taitbout; 75,009 Paris.The domestic number is available Monday through Friday from 8:00 to 6:00 p.m..

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25% reduction of drug prices in Greece, 6% discount rates to 16% from August in Germany … Across Europe, governments are spending on health to reduce their deficits. France is no exception. The government fell in April the rate of return of 200 drugs. He also announced a few days ago to further declines in commodity prices, in order to save 100 million euros by December.

If the crisis and its recent upheaval amplify the movement, several years ago that states seek to reduce the cost of their health system.In particular burden on drugs, a position that has represented France 18% of health spending in 2009, according to the latest data from the drug companies' Union (LEEM).

The means of action are diverse: reduction in reimbursements, the generic substitution of original drugs, lower price … Some treatments are even questioned. The British health authorities have announced their refusal to repay the Tyverb, treatment of GSK cons breast cancer. Too expensive – several thousand pounds – while Stretch the lifespan of patients only a few weeks, said the Nice, the body responsible for determining the reimbursement of medicines.In France, the Economic Committee for Health Products (CEPS) said it would not exceed 50,000 euros per year per patient for certain treatments against cancer.

Facing pressure from governments, laboratories are struggling to defend their margins and their ability to fund research. A common strategy is to seek approval of existing drugs for new indications …. And Roche has announced that its treatment Avastin, already used for colorectal cancer and breast cancer, could make significant progress in cancer of the ovary. If studies confirm, this new market could yield a revenue of an additional billion Swiss francs.

Lovenox, Sanofi accumulates the same success.Launched in 1987 for orthopedic surgeries, he has seen indications gradually expand its knee, to abdominal surgery, treatment of thrombosis veinales, etc.. In twenty-three years, the second drug from Sanofi-Aventis has been prescribed to 200 million patients worldwide.

The labs often winners

To fully optimize the lifecycle of a molecule, "laboratories accept a wide range of strategies, Delphine Le Louet complete, a financial analyst at Lombard Odier.Some build their sales teams to capitalize until the last moment of a drug before its patent expires and is severely challenged by generics.

Other practices include an attempt to demonstrate the beneficial effect of prolonged use of a drug or alter the chemical structure of a molecule into a new, a priori, more efficiently and with less impact secondary. This was done by substituting the AstraZeneca Inexium Mopral in a few years ago.

These methods, which allow labs to compensate for the lack of innovation, often boil down to a battle on price. Sometimes this policy entry "by the back door." "The marketing of a drug for an indication may be reduced one way of obtaining a relatively high price at first.This is often the case for cancer, where treatments are very expensive, "says Claude Allary, managing partner of consulting firm Bionest.

Whether a deliberate policy or simply a desire to make a drug available as quickly as possible, laboratories are often winners. The anticancer Tasigna, introduced as the successor of Glivec in the treatment of certain leukemias rare, is the proof. Novartis is the bill now 50,000 euros for a one year treatment.

A cloud of 200 million dollars (148 million euros). That bill, by far, the paralysis of traffic due to volcanic ash cloud, according to an estimate made Friday by the International Air Transport Association (IATA). This amount corresponds to "the financial impact (…) day in terms of lost revenue," said a spokesman for IATA said in a statement.

"In addition to lost revenue for airlines costs to change the routes of their machines and take on passengers and equipment stranded in various airports," he added. This is a "first conservative estimate".

According to many analysts, the closure of airports in North Europe was difficult to quantify an impact on the finances of airlines. Experts estimate that it will depend on claims from customers.More recently prefer to postpone their flight, the more it will limit the losses to the industry.

"While we have no visibility on the duration of these disturbances, it is difficult to say what is the cost for companies," Marina J. Devitt, the Irish Goodbody brokerage told AFP.

An invoice of $ 30 million for Air France

In the ladle, it is possible to obtain an estimate by dividing the annual turnover of a company by the number of days during which the aircraft remain grounded. Based on this rough, it is possible to establish that, for Air France-KLM, the cloud would cost 30 million euros and 25 million for British Airways, advance a Paris-based analyst.

In Germany, total paralysis of traffic is expected to weigh on the entire industry to the tune of 50 million euros in total per day and "less than 10 million euros a day" for Lufthansa, said analyst Per-Ola Hellgren, bank LBBW, told AFP. An invoice less salty than the recent pilots' strike which had cost 48 million euros in total.

Finally, the "one-time impact on earnings of the Irish Ryanair should be low since most of the operational costs will be avoided, except for aircraft rental and labor costs," notes the brokerage Irish NCB.

Rush predictable

Companies should still limit the damage thanks to the predictable rush of customers at the end of the flight ban. The aircraft should then record load factors much higher than normal, making profitable at the same time much better flights.

Without waiting to preliminary figures, the titles of European airlines fell sharply on the Stock Exchange on Friday. At closing, Air France-KLM took down 3.42%, British Airways fell by 3.13%, 4.10% Lufthansa.

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It is an alliance that giant Credit Agricole is poised to build in the business of brokering, with China's Citic. Corroborating sources, the two groups, whose discussions began a year ago, will announce in the next few days their entry into exclusive negotiations.

Before yesterday, the Bloomberg spoke of the creation of a joint venture in Asia. The project is actually much broader. Cr?dit Agricole and Citic were preparing to share all of their brokerage activities, with the ambition to offer a comprehensive worldwide.For the Bank Green, this means that it will bring in the trash marriage the two flagships, CA Cheuvreux in Europe but also CLSA Asia inherited his nugget of the former Credit Lyonnais and the ex-Indosuez, which strike force in Asia is comprised of over 1 300 employees.

"An entry by the front door"

The negotiations will refine the assembly operation. It seems, however, have articulated a pattern in stages. Globally, the respective contributions show an economic weight of about 70% for Credit Agricole, 30% for its Chinese partner. In Asia alone, the ratio is 50-50.

In China, finally, market still very restrictive with regard to foreign players, the Green Bank would of course be a minority, but Citic would offer "an entry by the front door," said a source familiar with the matter.Both groups have the ambition to create a unique platform for implementation to the world. A strategy that sticks to the explosion of capital flows to and from the Asian region, particularly China. She also accompany the rise, very fast, of IPOs on the Asian markets for new local giants, but also of foreign cash advance. Western companies are increasingly likely to be tempted by either a dual listing-West Asia, either through public offerings in part of their activities in emerging markets.

In 2007, Citic had wanted to attempt the adventure of large-scale partnership in market activities. But the Chinese had backed the wrong horse by selecting Bear Stearns, number five on Wall Street, which was the first major victim of the financial crisis in March 2008.The company was swallowed by a weekend, for a pittance and under pressure from the Fed, JPMorgan.

By marrying his "brokerage" than CITIC, Cr?dit Agricole replicates the strategy already implemented in the field of asset management and derivatives: Green Bank has established two joint ventures with Societe Generale, Amund and Newedge . In both cases, there is access to the critical size. The problem applies to the brokerage, a business in which the challenge is to offset the costs of research teams and infrastructures, galloping amid technological revolution on the market.

Finally, the operation comes at a strategic refocusing of the Cr?dit Agricole group. The Green Bank in 2008 has imposed a severe weight loss at its investment banking subsidiary, which came early and suddenly in crisis.Now, CA IPC (Credit Agricole's Corporate and Investment Banking) is focused on three areas: structured finance, capital markets and brokerage. The planned offensive alliance with CITIC confirms this last job.

New rebound in the case Lagard?re / Wyser-Pratte. Guy Wyser-Pratte, said the activist investor who hold 0.53% stake in Lagardere, has won the support of governance expert RiskMetrics Group (formerly ISS Proxy Advosry Services) in his critique of the structure of the media group.

Support size, because boards of RiskMetrics are followed by institutional investors. But they represent 78.51% of the capital of Lagard?re (50,51% of foreign institutional investors and 20% French).

Rejection of proposals by the management and the board

But on Monday, the general partners and managers of Lagardere SCA voted against the amendment of articles of the company – a company limited by shares to a company – in a proposed resolution before the next general meeting Guy Wyser-Pratte.A decision that is "not surprised" to advise shareholders of the activist. "The opposite would have been more democratic," he quipped.

Last Friday, the group's supervisory board had rejected outright the two main proposals of the Franco-American investor to relax the sponsorship of the Lagard?re group. For now, Arnaud Lagardere, the manager-partner of Lagardere, which holds all powers of decision with 10% of capital. Partnership status allows to use external financing without losing control of the company.

RiskMetrics 'agree' with Wyser-Pratte

Thus, the shareholder advisory firm RiskMetrics looking for arguments Guy Wyser-Pratte: "We agree with his criticism of the sponsorship per share.

"The presence of dissent to the supervisory board of Lagard?re would be beneficial to the long-term shareholder value," she said in a statement. In any case, any election "reflects the intention of the limited partners to adopt a different status," said the company. Verdict on 27 April at the general meeting of shareholders.

On Monday, the shares are granted Lagard?re 0.46%, to 31.51 euros in a market equilibrium.

Wyser-Pratte had accused Mr Lagardere's "mismanagement", accusing him of preferring to "go play tennis in running the company." Arnaud Lagardere leads the group since the death of his father Jean-Luc Lagard?re in 2003.

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France Telecom has not heard the wave of suicides that has struck in 2009. While the operator has deplored Wednesday a new case in northern France, Le Parisien revealed in its Friday edition the contents of a report submitted in early January by the inspection work on the floor of Besancon. While investigating the suicide of an employee last August in the Doubs, it has concluded quite exceptional for a "homicide by negligence on the part of the operator.

It all begins when Nicolas G., a young engineer-energy air conditioner of France Telecom, is served with a transfer, then seen as "disqualifying" within the unit to troubleshoot customers in January 2009. While this type of job usually requires training estimated at 8 or 9 months, Nicolas G. is immediately put to use without further preparation. He committed suicide seven months later.But when the occupational and a firm specializing in the psycho-social risks identify the unit to which he belonged as being at risk "serious" health of its members, France Telecom does not put in place precautionary measures recommended savings account payday advance . Instead, the operator "significantly increases the rate of technicians"! Finally, the report indicates that this group is to "willfully refused to inform the committee on health, safety and working conditions" (CHSCT), contrary to legal requirements.

After already damning results of a survey conducted by the firm specializes Technologia and made public last December's report noted a "working atmosphere tense, even violent" is a new challenge to the company having recorded nearly fifty suicides since 2008, while France Telecom is still negotiating with the social partners agreement on stress at work. The report of the inspection work was awarded to South Union, which intends to bring civil actions. The floor of Besan?on, which had previously found impossible to establish a causal link between the problems professionals Nicolas G. and his suicide may well change his mind.