With the exception of Tokyo was closed Monday for a holiday, the Asian stock markets have also rebounded to gain, climbing 1.45% Shanghai and Hong Kong of 1.41%.

On the macroeconomic front, it remains in real estate in the United States, since the figures for housing starts for the month of June will be published at approximately 14.30. In France, INSEE reveal clues to 12 hours worth of orders received in the industry for the month of May

The news will be charged at the micro level, notably with the publication of turnover. Program are: Alstom and Hermes pre-market, Accor, Lafuma and Radiall after-hours trade. In the U.S., Johnson & Johnson, PepsiCo and Goldman Sachs will release their second quarter results pre-market, Yahoo! (Second quarter) and Apple (third quarter) after market.

On the currency markets, the euro flirted with the $ 1.30 mark, he has not met since May. Around 10.45am, the single currency was worth 1.2984 dollars (0.33%)."A strong euro coupled with a fragile economic recovery in the U.S. is double bad news for European export companies. Until then, the situation was reversed, "said Franklin Pichard.

The bank will resume, the computer values mixed

While bank stocks are picking up well in the early exchanges – Dexia (0.84%), BNP Paribas (0.73%), Credit Agricole (0.95%) and Societe Generale (+0.15% ), computer companies emerge mixed after disappointing results from IBM. Cap Gemini lost 1.02% to 35.42 euros, but Steria wins 1.18% to 20.56 euros.

Alstom: -1.07% to 36.46 euros

Alstom recorded a fall of 38% of its orders in the first quarter of fiscal year 2010/2011 shifted, while its revenues fell 5%.The group expects a "gradual recovery in demand.

Hermes: 0.24% to 57.29 euros

Hermes has doubled its forecast for sales growth this year and expects a rise of between 10% and 12%. The group's turnover surged by 22.8% in first half of 2010 to 1.0747 billion euros.

Edenred: 5% to 13.68 euros

Edenred announced an increase of 4.7% of its turnover in the second quarter, growth of Latin American operations have helped offset a more difficult economic environment in Europe. Trends should remain "similar" in Latin America, and Europe, in the second half.

Soitec: 1.46% to 8.21 euros

Soitec posted a turnover 2010-2011 in the first quarter increased 56.5%.The group expects a sequential sales growth exceeding 20% in first half on the basis of one euro to $ 1.27, with a return to balanced operating income, including its new photovoltaic business Concentrix.

Guyenne et Gascogne: 0.99% to 79.77 euros

Guyenne et Gascogne saw its consolidated revenues to grow by 5.1% to 278 million euros in the first half of 2010, the distribution of fuel. This figure confirms the sluggish consumer spending.

Compagnie des Alpes: 0.24% to 20.60 euros

Compagnie des Alpes has announced its successful capital increase of EUR 100 million with preferential subscription rights and creation of 5.88 million new shares. The total demand amounts to approximately 143.9 million euros, the company said in a statement.The new shares will be listed on the market July 21.

HF Company: -1.62% to 13.87 euros

HF Company has reported a turnover of 72 million euros in the first half, up 1.1% as reported and 3% on a constant basis, in a crisis of consumption.The company produces equipment for residential systems (digital television, broadband internet, etc..) Expects accelerated growth in the second half.

Audika: -14.05% 22.75 euros

Audika posted revenues down 4% to 27.9 million euros in the second quarter with a slowdown in sales of hearing correction since mid-May, as the environment is again unfavorable for consumption seniors.

Laurent Perrier: -1.20% to 66.51 euros

Laurent Perrier announced Tuesday an increase of 17.3% of its turnover, 36.8 million euros in the first quarter of fiscal year 2010-2011. The group enjoys very strong Champagne exports to the United Kingdom, the United States, Germany and Asia.

"The world economy is recovering gradually. The recovery and rebound of the Chinese economy is increasingly confirmed, leading to greater economic stability, "argued the central bank in a statement published in English on its website. "It is therefore advisable to take the reform of RMB exchange rate."

Since summer 2008, the yuan has remained stuck at around 6.83 against the dollar, fluctuating within a very narrow margin vis-à-vis the greenback.A contentious issue between China and its trading partners, most notably the United States, who believe that the yuan is undervalued, allowing Beijing to sell its products for export at very competitive prices.

In a letter to heads of State and Government of the G20 on Friday, President Barack Obama had given the record of the yuan on the table, a reference to it. "I also want to stress that exchange rates determined by the market are essential to global economic vitality," he wrote in his letter.

China has always rejected international pressure. The Deputy Foreign Minister, Cui, had also insisted on Friday that the issue of the yuan would not be up for discussion G20 payday loan companies. "The renminbi is the currency of China.This is not something that the international community needs to discuss, "he told a joint press conference with Zhang Tao, head of international department of the Central Bank.

A move immediately welcomed

Announcing this on Saturday continued reform of the yuan, the central bank has focused on "China's efforts to encourage a global rebalancing. The institution has admitted that the "special policy" introduced by Beijing in the heart of the global financial crisis had perhaps more reason to be in a context of economic recovery, but recalled however that "the stability of the yuan has played a major role in mitigating the impact of the crisis, which has contributed significantly to the recovery in Asia and the world.On the other hand, the central bank has insisted that the gradual return to a flexible exchange rate of the currency does not mean "great changes or major changes, namely a re-evaluation.

The gesture was appreciated nonetheless. Timothy Geithner, U.S. Treasury Secretary, said in a statement that the reform of the yuan could make a "positive contribution" to global growth. "We welcome the decision by China to strengthen the flexibility of its exchange rate," he said. The Director General of the International Monetary Fund (IMF), Dominique Strauss-Kahn also found that Beijing's decision was "very encouraging".

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"New wrestling around the yuan

The chairman of the Fed, Ben Bernanke was upbeat about the economy of his country Wednesday, despite the difficulties of Europe and the latest figures, disappointing employment in the United States. Ben Bernanke said before the Budget Committee of the House of Representatives that the economy should grow at a rapid pace in 2010 and accelerate slightly in 2011.Published yesterday, the Fed's Beige Book confirmed an increase in economic activity in the United States without signs of inflation, reinforcing the idea that the Fed is in no hurry to raise interest rates.

On the foreign exchange market, the euro shows a renewed nete against the dollar, worth U.S. $ 1.2098 (0.92%), around 15h40, due to a lull in all markets, on the eve the monthly meeting of the European Central Bank. The European Central Bank (ECB) is today holding its monthly monetary policy meeting.

After the disappointment of last Friday on the employment figures, investors should pay particular attention to weekly figures for unemployment benefits that are to be published today.

Meanwhile operators should welcome the trade surplus of China.China recorded a trade surplus of 19.53 billion in May, against 1.68 billion in April, with exports up 48.5% year on year last month and imports rose 48.3 %, according to official statistics published today.

From the values listed, shares of BP, listed in New York should remain under pressure. The day before, they have continued to drift, plunging more than 15% to their lowest level in 14 years, in the wake of the London listing.

The Internet giant Google has criticized the new rules governing advertising on the multifunctional phone from Apple, the iPhone, saying they could prevent him from receiving income on this unit.

Since the beginning of the week, the CAC 40, which replaced the European aid plan of 750 billion euros announced in the night from Sunday to Monday. Last week, the CAC 40 index had fallen more than 11%.

Thursday evening, the benchmark index of Paris has stood still while the rest of Europe has evolved disparate: Spanish IBEX fell 1.11% to 9,977 points, when the BEL 20 has folded 0.22%, to 2534 points. While the Dax frankfurt took some 1.1% to 6251 points and the FTSE in London, 0.93%, to 5433 points.

The IMF: a report on public finances G20

Today, Europe is free of major statistical.In contrast, the United States, the indices continue to rain. Are scheduled for this afternoon publication of retail sales in April, very controlled, industrial production for the same month – also highly regarded – the index of confidence from the University of Michigan for the month of May – for a forecast of economic health – and stocks and sales companies in March.

Other important events this Friday, the IMF will publish its report at 5:01 p.m. on the budget deficit and public debt G20 Fast Cash Without a hassle.

EADS net profit down 39%

The giant European aerospace firm EADS said Friday a 39% drop in net profit to 103 million euros. The A380 still weighs heavily on the performance of EADS. The group has however confirmed its objectives for the year.

For this Friday, it is the only publication of results and no presentation of turnover is expected.

However, investors will follow the evolution of Cr?dit Agricole, showered yesterday: Securities fell 3.56% Thursday evening at the closing (the largest drop in the CAC 40). The bank posted earnings of 470 million euros in the first quarter when its rivals Societe Generale and BNP Paribas are respectively reached profits of more than 1 billion euros and 2.3 billion in the first quarter of 2010.

Furthermore, the Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.

EDF side, the series on electricity prices is not over.Priced at 42 euros per MWh, the price increases would be 11.4% in 2011 and 3.5% per year between 2011 and 2025, according to the Commission for Energy Regulation (CER). Figures disputed by EDF. The government – which sets prices for electricity – and EDF belie such increase.

Despite the concerns of the Japanese government vis-?-vis the deflation threat, the dramatic rebound in exports could indicate the consolidation of the recovery so far seen as fragile and dispel any doubts about a possible recession.

The sharp increase reflects a recovery of global trade but also by a calculation that gives in February 2009 as the reference period. Japanese exports were then plunged 49.4%. Imports were up 29.5% last month.

According to Voices, the American engine could not get the green light by U.S. authorities for exportrer in China some of its technologies.

This agreement confirms the thrust of Saffron to China. Last month, the group associated with GE in CFM International, has been chosen to equip the C 919 Chinese, the future Chinese medium-haul aircraft, a rival of Airbus A320 and Boieng B737.

Now, the Dow Jones fell by 0.4% to 10,563 points, the S & P lost 0.40% to 1137 points while the Nasdaq lost nearly 6% to 2295 points. The day before, the Exchange had ended in the balance.

Values follow

As for values, General Mills lost 1.02% to 70.57 dollars.The group is expected to announce some numerical predictions.

Barclays (1.18% to U.S. $ 20.63) receives a statement of recommendation from UBS from "neutral" from "buy."

Delta Airlines (-0.55% to $ 12.61 million). Information published by the Wall Street Journal announced that the U.S. airline American Airlines, together with the company TPG Capital, now propose to invest 300 million dollars more in Japan Airlines, for a total of 1.4 billion dollars.

In the aftermath, the leadership announced the departure of its interim President David Michels on 1 January. At that time, it will be replaced by Michael Rake, BT's current president and former chairman of KPMG.David Michels, who is temporarily acting in the position since the departure last April by Colin Chandler, will resume his post as first independent director.

The upheaval at the head of EasyJet explained by conflicts between the team leader and founder Stelios Haji-Iannou, holder of 38% of the carrier. While the former wish to pursue a growth strategy of the fleet, Stelios Haji-Iannou said it would be unwise to embark on this adventure in a recession.

These two new departures lead to renewal of any team in the space of one year. Five of the eight leaders are gone. In his statement to the London Stock Exchange, easyJet hopes that "these appointments will ensure continued strong leadership." In markets, the news is unwelcome. By late morning, the title loses 1.96% to 4.08 euros.

In September, the number of jobseekers who have not worked (Class A) increased by 21,600 at 2,574 million, a surge of 25.1% in one year. By cons, if we add those who have a reduced activity (categories A, B and C), this number stood at 3.745 million (+20.8% yoy) and 3.972 million households in the overseas.Thus, the number of unemployed could exceed 4 million if one takes into account all categories.

From "many months" to return to the situation a year ago

"I hope that from the end of this year the trend will change but it will take many months to return to a situation that had been there even just a year – 1.9 million unemployed cons 2.5 million registered job center today. Indeed the number of unemployed still increasing each month at the rate of "20,000 to 25,000," he said. The figures on the number of job seekers for the period of October will be published Thursday.

This declaration takes place just before surgery, at 11.30 President Nicolas Sarkozy before 1700 agency managers and area job center, the new agency created by the merger of Assedic and ANPE, which is far from keep all its promises. The unions believe the poorly prepared.A counselor supports an average of 94 people (a record) in the direction. Employment center uses private companies to complement the Convention and proposed reclassification Custom (PRC) which has only retrenched, where "there, we guarantee a counselor for 50 to 60 people, according to Christian Charpy.

Toshiba, long neglected in this competition is taken more seriously. He muscled his offer by joining two funds: the Japanese INCJ (mostly state-owned nippon) and a fund of Abu Dhabi Taqa. The latter's arrival in the bidding takes on particular importance, while a French consortium (Areva, Total, GDF Suez and EDF) supported by state battle for months to try to sell EPR Abu Dhabi.

Both funds, which provide additional financial strength to Toshiba, hold 40% of the future entity. The Japanese plans, if carried in case of IPO Areva T & D in five to seven years.The prospect of a listing of Areva T & D new version in Paris would be very well received by NYSE Euronext, which suffers from a lack of major operations and would target an ally of Toshiba on this issue. Such a listing would also be the "guarantor" of a French base of activity, in keeping with the country's global headquarters.

The Japanese, who was inspired by the offer from General Electric, has not forgotten to highlight the character "industrial" in its offer. It builds on the geographic – Areva T & D is absent from Asia and Toshiba contributes nearly one billion euros in sales in China – and synergies in research and development and procurement of raw materials.Main downside: Toshiba, owner of Westinghouse, is a very serious competitor Areva in the construction of nuclear reactors.

French base

For his part, General Electric has also revised its copy. Minority shareholder alongside the investment fund CVC in its initial offer, the U.S. conglomerate will position itself in the majority partner in the new offering will be delivered Monday. A decision making more industrial project and facilitate the granting of bank guarantees to Areva T & D when signing contracts.

The project also provides for GE in France to maintain the headquarters of a subsidiary of Areva and introduce the next five years the stock market. Industrial side, GE is the map of complementarity, it would include T & D to access the North American market, albeit less buoyant than Asia for transmitting and distributing electricity.A flat, however, GE sold it eighteen months a part of its T & D, raising questions about the strategic importance of such an event for the American conglomerate.

The presidents of Alstom and Schneider are also mounted to the wall for defending their joint bid. On Thursday, before the National Assembly, they reaffirmed that there would be no site closures or socially, in case of redemption. Schneider may be a cluster "distribution" of 5 billion euros. It would then match its two main competitors in the field, ABB and Siemens. Not enough, a priori, drawing the ire of Brussels. With the "transmission", Alstom is the world leader in this sector. Problem with this offer: it implies a separation of Areva T & D, an idea which irritates its management.

"Alstom defends its bid for Areva T & D