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The most influential man of the world is today in France.Crowned with the title that has just awarded him the magazine Forbes, which placed it at the top of the world list, ahead of U.S. President Barack Obama, Hu will spend three days in Paris, where he is expected to sign a flurry of contracts and try to find common ground with the head of state, Nicolas Sarkozy.

The President of the People's Republic of China and should buy a hundred aircraft from Airbus, order two EPR reactors and a supply of uranium from Areva, and conclude a lasting cooperation between the ICC and Chinese energy group Total, build a coal gasification plant in China.

These trade agreements are expected to reach a total of several billion dollars, which "will be far more important than in previous visits of European leaders in Beijing, or China's leaders abroad," said the Elysee.Hu Jintao will then continue its journey to Portugal, where he could buy Treasury bills in the country, but the French stage is considered special. In China, the People Daily newspaper said in effect that "France was the first Western power to forge diplomatic relations with China and to establish agreements with Beijing military and nuclear cooperation."

This visit of the Chinese just a few days of the G20 summit in Seoul will also be an opportunity for the French head of state to try to persuade his counterpart to officially open the debate on the yuan.The Financial Times argues that Nicolas Sarkozy will also seek the support of Hu Jintao to promote a reduction in the volatility of commodity prices, and reform of global institutions.

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Photo: retirees in a park in Berlin in June 2008 payday loan no faxing. AFP

They were under fire, accused of having caused the financial crisis. The finance minister and central bankers from the G20 meeting in Gyeongju, South Korea, on Saturday reached an agreement on reforming the banking system and large financial institutions. "There was very little disagreement on the subject. The approval process was very simple, "a statement re South Korean representative, shortly before the adjournment. Dominique Strauss-Kahn, managing director s Fund (IMF) he talks about an agreement "historic." "This is the most significant reform ever passed in the governance of the IMF," he said.

Europeans leave two seats

The proposed reform, which must be approved by the Board of Directors of the IMF increases the institution's capital, the headquarters of emerging countries to its board of directors and expanding its responsibilities for monitoring States' economic policies .

After this reform is long overdue, the ten largest shareholders of the institution will be the United States, Japan, four European countries (Germany, France, Great Britain, Italy) and the four largest emerging economies (Brazil, Russia, India, China) payday loans in California. Europeans leave two seats to the emerging countries, what is "really hard for them," acknowledged a senior U.S. official."This reform is long overdue rebalancing the balance of power to make room for all economies according to their respective weights," said Christine Lagarde, French Minister of Economy and Finance.

The South Korean President Lee Myung-Bak had Friday called for finance ministers and central bankers from the G20 countries to reach agreement on this reform to "strengthen the credibility of the G20 meetings.

Refrain from devaluing

The aim of the discussions were also to agree to reduce trade imbalances and avoid a war of currencies.

The recent wave of central bank interventions to prevent the rise of their currencies against the dollar had raised the specter of a spiral of competitive devaluations and a return to protectionism."The G20 must refrain from implementing exchange rate policies designed to give them a competitive advantage", stated in a letter to the G20 U.S. Treasury Secretary Timothy Geithner. While the U.S. accuses China of keeping the yuan artificially low, many emerging countries complain that U.S. monetary policy that brings down the dollar and adds their exports and attract capital in their volatile and speculative .

Negotiated into the night Friday to Saturday by the Deputy Ministers of Finance, the text has the support of developed countries while Chinese officials have said they "could live with it."The text aims to limit the current account imbalances and not to intervene to devalue the currency, in short to "resist all forms of protectionist measures" to support global growth, as the final communique. "The global economic recovery continues, albeit fragile and uneven. In an economy and a globalized financial system, uncoordinated responses will lead to worse outcomes cheap pay day loans . Our cooperation is essential, "underlined the rich and emerging countries. These commitments could help allay the fears of markets to the tensions around the exchange rate.

The communiqué of the G20, however, should not contain numerical targets in excess of current account or a timetable, contrary to what was requested in its letter M.Geithner.

Pending the outcome of this meeting of G20 finance preparatory G20 summit on 21 and 22 November in Seoul, the main European stock markets finished down Friday: Paris lost 0.25%, Frankfurt dropped 0.08 London% and 0.29%. The NYSE has ended without a clear direction, the Dow Jones lost 0.13% but the Nasdaq gained 0.80%.

(With AFP)

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The Dow remains above 11,000 points in opening this Monday uptick of 0.13% at 11,021 points exactly. The Standard & Poor's 500 and Nasdaq 100 advancing 0.12% respectively to 1167 points and 2404 points to 0.08%. Note that this Monday, the bond market is closed across the Atlantic to the "Columbus Days, which celebrates the discovery of America by Christopher Columbus.

Friday, after long hesitation which direction to take Wall Street has taken a small step forward. The Dow Jones gained 0.53% to 11,006.48 points – it has surpassed 11,000 points, a first in over five months (May 3) – Standard & Poor's 500 and Nasdaq 100 have respectively advanced 0.61% to 1165.15 points and 2401.91 points to 0.77%.

The U.S. employment figures for September released Friday were below expectations. Still, markets surged.The bad news feeds indeed the prospect of a boost from the Fed for the faltering U.S. economy.

On the foreign exchange market, the euro against the dollar stabilizes. Around 1530, the euro was quoted at 1.3935 dollars (+0.06%). The currency market remains unmoved after the meetings this weekend between the global central bankers, who have reached no concrete decision to avoid a "war exchange, all eyes are again turned to the U.S. economy.

Raw materials side, oil prices retreated Monday market opening in New York, a barrel of benchmark lost 26 cents to 82.40 dollars, against a small rebound in the dollar.

Meanwhile the Fed Tuesday

On the macroeconomic front, the markets are very sensitive to the publication of minutes from the last Fed meeting, released tomorrow night.This report will therefore be essential to better understand the internal debates within the Fed free business cards. Other important indicators are the price indices (PPI and CPI Thursday Friday), retail sales (Friday) and the trade balance (Thursday).

Storm quarterly results

Analysts are also turning their attention to business this week, with the rest of the season for the third quarter results, which kick off was given last Thursday, as always, the aluminum giant Alcoa. Among the results the program of the week, include those of tomorrow CSX, Intel, Wednesday, JPMorgan Chase, Thursday, AMD, Google, and Friday, GE and Mattel.Among tech stocks, industrial and banking, these publications provide a first pitch on the season results in different sectors.

Note also the U.S. Internet group Google (+, 093% to U.S. $ 541.354) announced this weekend that he was testing a car that drives itself. The stated aim is to make driving safer and more economical.

Always on the side of values, Bank of America (+0.08% to 13.19 dollars) has suspended foreclosures across U.S. states because of the scandal on the automation of procedures and use foreclosures of non-compliant documents. The Senate Banking Committee will hold hearings on November 16 of these seizures.

Microsoft (+, 012% to 24.60 dollars) should also unveil new versions of its Windows smartphones Phone 7.These phones, which will initially be valid only on AT & T are supposed to counter Apple (+0.49% to 295.51 dollars) and its iPhone and Google Android and its system.

Canadian and Singaporean funds could unite in making a better offer than $ 39 billion proposed by BHP Billiton (-0.23% to 81.37 dollars) for the redemption of potash producer, Potash (+0, 74% to 146.88 dollars).

The CAC 40 is expected to remain in the green Wednesday. The benchmark index of the Paris Stock Exchange, which closed yesterday's session on a strong rebound is expected to remain near the 3,700-point threshold that had lost six consecutive sessions of declines. Investors will be morally supported by Wall Street ended the day on Tuesday on higher in five months thanks to an ISM service index better than expected. This morning, Asian markets have chosen to follow this path by signing Shakers.

Pending the commencement of quarterly publications and employment figures in the U.S. this weekend, the markets will monitor the final reading of second quarter GDP in the euro area and the controls of German companies in August. They will also have a market overview of U.S. employment in September with the start of the afternoon the monthly ADP selont.

This morning, the euro slows its progress against the dollar (-0.09%) but remained above the $ 1.38 to 1.3844.

Thales seeks to reduce its workforce

According to the Tribune on Wednesday, Thales has called on its unions to begin negotiations on an agreement allowing downsizing in business functions and support.

SeLoger.com announced Tuesday the appointment of an independent expert to study the tender offer launched on its shares by the German media group Axel Springer.

Science AB announced Tuesday night to have received the green light from U.S. and European authorities to launch directly into Phase III without phase II clinical study in the treatment of melanoma, a malignant tumor of the skin.

Nexans should not be subjected to pressures on its supply of copper due to the good relations it has with its suppliers, executives said on Tuesday the cable manufacturer.

Vilmorin publishes its annual results after the stock market 2009-2010.

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.

A Chinese owner of the club from Liverpool? The fund China Investiment Corporation (CIC), led by the wealthy Kenny Huang, would in any case confirmed its interest in the Reds. More than just a word, CIC has already reached the cash to afford the football club. And, by selling 9% of share capital the fund held in Morgan Stanley. Amount generated: 558 million (the équivelant 351.4 million pounds). Either the decimal point, the debt of British club, reports the Guardian.

Another businessman claiming close discussions with the club to five European Cup victories. He called and said Yahya Kirdi be supported by a group of Canadian investors and Saudi Arabia. "Our group is in advanced negotiations with Tom Hicks and George Gillett, current owners of Liverpool Football Club, to purchase 100% of the club.An agreement was reached on the major terms, including purchase price, repayment of debt (approximately 300 million euros, ie) banks RBS and Wells Fargo to finance a new stadium Stanley Park. The formal contract of sale is in its final stages of negotiation, "he announced.

Statements to be taken lightly. For the sale of the club is orchestrated by Martin Broughton, Chairman of the club, with the support of the British bank Barclays. But Yahya Kirdi does not seem to have negotiated with them directly.

But whether or Yahya Kirdi Kenny Huang, sale of Liverpool seems on track. The leaders of the Reds have more alerted the Premier League, as want new rules on sale of a club, a club takeover was imminent.

The club Liverpool is not the only shine in financial difficulty.Since the beginning of the crisis, fifteen of the twenty clubs that make up the Premier League are looking for investors. According to the audit firm Deloitte, the overall debt of the elite of British football came to 3.6 billion euros in 2009. Manchesteur United, Arsenal and Chelsea, the other three clubs in the "Big Four" are also on trial.

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Having finished sharply higher Monday, the U.S. markets followed their European counterparts in the red. On Tuesday, the Dow Jones coward 0.36% 10,636 points at closing. The Nasdaq and the S & P retreating respectively 0.52% to 2284 points and 0.48% to 1120 points.

Markets were waiting for signs of solid U.S. recovery now but they were not reassured. The Commerce Department announced that consumer spending of U.S. households remained unchanged in June In addition, the consumption figures in May were revised downward: they no longer show a rise of 0.1%, against 0.2% previously announced. Economists had forecast an average increase of 0.1% of consumer spending in June

Household income is also unchanged in June at 0.1%, while economists had estimated the increase at 0.1%.The savings rate has reached 6.4%, up a tenth of a point, its highest level since June 2009.

Prices are down 0.1% in June and inflation falls to 1.4% a year.

Furthermore, he promises the sales on the U.S. housing market suffered an unexpected drop in June The index of the federation of Realtors NAR is thus fell to a new record low 75.7. He had fallen from 29.9% in May after the expiration of a tax credit for first-time buyers. In one year, the show promises to sell a drop in June from 18.6%.

In addition, industrial orders fell 1.2% in June, while the market was expecting a decline of 0.5% only. In May, these orders had fallen 1.8% (revised from -1.4%), posting a second consecutive month of decline.

Dow Chemical and Procter fall

On the corporate side, Dow Chemical (-10.06% to 25.48 dollars) and Procter & Gamble (-3.50% to 59.89 dollars) derive the score down. Both companies have disappointed the markets by their results published before the market opens. The first was reported earnings below expectations in the second quarter to $ 566 million, or 50 cents per share, after posting a loss of $ 486 million (47 cents per share) the previous year. Excluding items, earnings totaled 54 cents per share against 56 cents expected by analysts. The second has announced a profit drop of 12% in the fourth quarter of its fiscal year lagged below expectations at 2.185 billion dollars. The turnover is also lower than expected, growing by 5% to 18.926 billion dollars against 19.1 billion dollars expected.

In contrast, Pfizer (5.56% to 16.34 dollars) flies. The pharmaceutical giant reported earnings up 9% year on year to 2.475 billion dollars against 2.261 billion a year earlier. Earnings per share excluding exceptional items stood at 62 cents while analysts expected 52 cents on average.

RIM (-2.54% to 55.53 dollars) on Tuesday introduced its new BlackBerry. No officer of MDR was available after the presentation of the Torch, a touch screen device and slider to evoke the "discussions" going on with the authorities in countries like the UAE and Saudi Arabia worry about the barriers to safety that arise messaging services on the BlackBerry.

Morgan Stanley (-0.72% to 27.48 U.S. dollars) has decided to split the fund FrontPoint risk investments, acquired in 2006 by U.S. TV network CNBC that the transaction would be completed within three months. This split would allow Morgan Stanley to comply with new requirements of the Dodd-Frank legislation on financial regulation, which limits the bank's own brokerage and speculative positions.

Sanofi-Aventis has sent the U.S. biotech group Genzyme (-0.23% to 70.20 dollars) a letter citing his interest in American society, said Monday a source close to the deal, adding that both companies were discussing supply.

The automotive sector also changed on Tuesday after the publication of sales of major manufacturers for the month of July.Ford (-1.75% at 12.93 dollars) despite rising sales of 5% as its competitors, disappoints. Toyota is doing well (1.07% to 72.81 dollars) after avoirqui has reported a 6.8% decline in shipments in July.

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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