Wall Street ended up 1.23%, boosted by employment

Wall Street closed sharply higher Friday, boosted by the employment statistics, which in particular led the Nasdaq Composite to register a peak of 11.

The Dow Jones for his part tu a high of four years, while a large number of stocks from the peaks have registered a year.

The Dow Jones took 156.82 points (1.23%) to 12,862.23 points. The S & P 500 gained 19.36 points (1.46%) to 1,344.90 points. The Nasdaq Composite Index gained 45.98 points (1.61%) to 2,905.66 points. On the whole week, the Dow gained 1.6%, the S & P 500 2.2% and Nasdaq 3.2%.

The S & P 600 small caps for his part closed Friday's session at a record high of 463.56 points, representing a gain of 2.14%.

The upturn in the U.S. employment continued in January, with the highest rate of job creation observed in nine months, and the unemployment rate fell to , its lowest level in nearly three years, reflecting the impact of growth in the fourth quarter of 2011 at the beginning of new year.

Other statistics published in the day, the industrial orders and the ISM services. Orders to U.S. industry rose for the second consecutive month in December, driven by increased business investment.

The growth rate of services sector in the United States has clearly accelerated in January, while economists had estimated that it would evolve in the same tempo as December , according to figures released Friday by the Institute of Supply Management (ISM).

"This is confirmation of a slow but significant statistics US", says Stephen Wood (Russell Investments), noting that risks remain, however, as the debt crisis in Europe.

The financial sector gained 2.68% and 1.71% of industrial

Values, and therefore against the trend, Estee Lauder loses 2.33%. The American cosmetics group, citing adverse currency effects and increased its advertising spending, announced quarterly forecasts well below expectations.

More than halfway through the "season" results, 60% of the S & P 500 have reported results above consensus, according to Thomson Reuters I / B / E / S.

Like the European stock markets, Wall Street soared Monday, gaining more than 4% in response to the coordinated action announced by the major central banks to maintain liquidity in markets shaken by the debt crisis, a measure that removes the specter of a global recession.

The Dow Jones industrials gained 30 4.24% or 490.05 points at 12,045.68. The S & P-500, wider, took 51.77 points, or 4.33% to 1246.96.

People's Bank of China (PBC) also supported the rating, reducing the reserve requirement ratio for the first time in nearly three years to ease tensions in the credit market and to give back up to an economy that knows its lowest growth rate maintained since 2009.

Investors were also reassured by the larger than expected number of jobs created in the U.S. private sector – 206 000 130 000 in November against expected – and one PMI purchasing managers in the Chicago area well above expectations.

Renault said Wednesday it intends to develop in India a new car less expensive than compact Pulse, its latest launch date in the Indian market, but at a price significantly higher than the ultra low cost segment.

In its edition of Wednesday, the Tribune reported that Detourbet Gerard, head of the range low-cost Dacia Renault will take the leadership in January of a joint team to the alliance with Nissan in charge of developing a new vehicle in India for emerging countries.

A spokeswoman for Renault confirmed this information, while stressing that the price of the vehicle would be "significantly higher" in 2500 euros raised by the business daily.With its partner Nissan, the group is now seeking to attract the middle class first in the country by launching products in the mid-range and higher, before proposing then vehicles more attractive prices.

Before the Pulse, scheduled for 2012, Renault has launched this year in India Fluence sedan and 4×4 Koleos.

The proposed ultra low cost car, announced in 2008 by the CEO of Renault-Nissan at a price of 2,500 dollars (1,900 euros), for its part has still not been completed when he initially was to be launched early this year , raising doubts about its viability.

Today, the alliance gives more timing and waits for Bajaj Auto, in charge of development of the car, he presented his platform before deciding whether to give it a more industrial.

Lloyds posted a new quarterly loss Tuesday and warned it may need to extend certain financial targets because of the current economic turbulence.

The bank, 40% owned by the British government for a public bailout granted during the credit crisis of 2008, reported a loss for the period January to September of 3.86 billion pounds (4.5 billion euros), of which 607 million for the third quarter.

The group has suffered from declining margins and funding costs rise and warned that it may not achieve some of its performance targets in the medium term until 2014.

The group, however, maintained its annual target of the margins and a reduction of its losses on bad debts, an announcement appreciated by investors.

The action Lloyds, which has lost more than half its value since the beginning of the year, gained 8.3% to 11:00 GMT.

She recorded the largest increase in the European banking sector index, just ahead of Societe Generale (+7.9%), who resigned Tuesday to pay a dividend to its shareholders for the year 2011 to strengthen its capital without public support.

Lloyds was taken aback investors last week by announcing that its chief executive Antonio Horta-Osorio was suffering from stress and taking time off, leaving a possible vacancy at the top of the first British bank details.

The de-globalization is "reactionary" according to Michel Barnier

European Commissioner Michel Barnier to financial services has denounced the speech "against" the interests "of peasants and workers", held by Arnaud Montebourg. The EU Internal Market Commissioner Michel Barnier (here at a press conference in Brussels on 21 February 2011)

European Commissioner Michel Barnier to financial services Friday sharply criticized the "reactionary discourse" of the de-globalization held in France, saying it was "contrary" to the interests of peasants and workers. "I hear that speech that I found in France (to be) a reactionary discourse on the de-globalization", denounced Mr. Barnier, former French Minister of Agriculture and member of the majority party UMP on LCI television.

"What is it? Is protectionism? The home each and every man for himself? This is contrary to the interests of the workers is contrary to the interests of farmers who need to produce goods and export "he criticized. For the Commissioner, Europe needs a sectoral industrial policy to be "a force of production" and "not just a force of consumption." In France, the PS deputy of Saone-et-Loire, to the surprise came third in the primary Socialist, Arnaud Montebourg, notably because of the "de-globalization" a major focus of the debate politique.d

The U.S. economy created more jobs than expected

The U.S. economy has created far more jobs than expected in September and the new posts of previous months have been revised upwards, according to official statistics released Friday that could mitigate fears of a return to recession.

Last month, 103,000 non-farm jobs were created, according to the Labor Department, while economists on average expected 60,000 creations.

The unemployment rate was unchanged from a month to month to 9.1%, in line with analysts' expectations.

The right numbers in September are based in part on the reintroduction of 45,000 employees of Verizon in the number of jobs created, they were not in August because of a strike.By excluding these employees, 58,000 new jobs were created.

Statistics disappointing August, which reported zero job creation, for its part has been revised to bring out 57,000 new jobs. That of July was also revised upward to 127,000 against 85,000 previously.

Overall, the private sector has created 137,000 jobs, 100,000 against and 42,000 expected in August. The public sector has eliminated 34,000 jobs to him.

RELIEF

These employment figures are one more sign that the U.S. economy could avoid falling into recession despite a sluggish summer.Last week, the growth of U.S. gross domestic product in the second quarter was revised up to 1.3% against 1.0% in the first estimate.

Recent indicators of the manufacturing sector, business spending and auto sales leave now think the economy is doing better than expected third quarter.

Hourly wages have also increased by 4 cents in September after falling all the previous month.They then recorded their first decline since October 2009, pushing the savings to its lowest level for over a year and a half.

"The increase in job creation and revisions of the statistics is comforting and exciting to the market," said John Kilduff, partner of Capital hedge fund in New York Again.

"But it seems premature to use these numbers to say, regarding the economy in general, we are out of the woods," he tempers.

In September, the U.S. economy has eliminated 13,000 manufacturing jobs, after having destroyed in August 4000.

Some economists fear that the debt crisis will derail the U.S. recovery, not a fear expressed Thursday by U.S. Treasury Secretary Timothy Geithner.

"We're still not at a job that can bring down the unemployment rate, which remains a key concern important to the economy," warns Ellen Zentner, economist at Nomura Securities in New York.

The economy must grow by at least 2.5% per year and create jobs 150.00 per month to prevent the unemployment rate to rise.

Gecina will sell other assets to reduce debt

The real estate group Gecina said Thursday it planned to sell 500 million euros of additional residential assets to accelerate debt reduction.

Citing the economic and financial climate, the land says it wants to focus more on sales than on new acquisitions in the office sector.

"By making an additional amount of sales of 500 million euros of residential assets, Gecina will quickly reach a target of 1.5 billion euros in sales," we read in the press release.

The title Gecina closed Thursday at 67 euros (5.15%). He was accused Wednesday the largest decrease of the SBF 120 in response to the departure of its CEO, Christophe Clamageran, because of differences over strategy.

Are we really rich with 6000 euros per month?

For the French, a person is rich if its income reached 6,308 euros per month. This is six times less than the threshold set by the government for the implementation of the future tax on the rich.

What a rich? As defined by the Oxford, Cambridge, is a person who has "a relatively large amount of money." The French have a much more accurate definition of wealth. For them, on average, a person may be considered "rich" when its income reached 6,308 euros per month, according to a poll published in the Journal Ifop Sunday. Two-thirds (66%) of respondents, a person is rich when it gains between 2000 and 5000 euros per month.

These figures are the wealth to 5 or 6 times the monthly poverty threshold (954 euros net per month).They are mostly in line with the scale of income tax: the marginal tax rate (the top rate of income set at 41%) apply from 70 830 euros per year, or 5900 euros monthly.

This perception of wealth of the French is in any case far from the government. Tax the rich announced in late August by the Government to fight against the deficit, a key measure of the budget in 2012, provides for taxing income at 3% tax above 500,000 euros per unit per year, or 41,666 euros per month. Parliamentarians should, however, as part of the budget vote in the Assembly in October and November in the Senate, lowering the threshold to 250,000 euros or 20,833 euros per month.

In the first case, the tax affects 10,000 homes. In the second, 25 000 households.Which corresponds to only 0.01% of the French richest, according to Insee, while 10% receive an average income of around 6000 euros per month threshold at which the French are wealth.

France could reactivate the plan to help banks in 2008

The French authorities said Sunday that the system created in 2008 to help banks following the collapse of Lehman Brothers was always available on event "extraordinary".

However, they insisted that French banks, whose market value has shrunk in a few weeks, were strong and they did not need injections of public capital demanded by some stakeholders in the financial markets.

"The only thing that exists is the mechanism 2008 of a public company may purchase securities in the capital of banks if they express a need.So if there was an extraordinary event, this mechanism is in place, "said the Governor of the Banque de France, Christian Noyer, in an interview with Journal du Dimanche.

"There is no plan.And besides we do not need, "he added, saying once again its confidence in the strength of French banks.

The Sunday newspaper also reported that a proposal by the French authorities to banks, September 11, to put 10 to 15 billion euros at their disposal, along the lines of operations in 2008.

Banking sources said this week told Reuters that exploratory talks on a possible state support to the banking sector were underway.

READY FOR 2013 IN BASEL III

According to the Journal du Dimanche, the CEO of Societe Generale, an institution whose share price tumbling for weeks, has accepted the proposal of the authorities, provided that all banks participate.But "BNP Paribas declined to be supportive, burying the project immediately," wrote the weekly.

"Many intervention schemes were under consideration, simple loan to the issuance of preferred shares with warrants," he says.

Contacted by Reuters, BNP Paribas, Societe Generale and Credit Agricole had no comment.

As for the Ministry of Finance, "between the more formal denial" of the possibility of an imminent public recapitalization plan mentioned by the Journal du Dimanche.

Christian Noyer also stressed in the same interview that he has asked banks to speed up the process of strengthening their capital of schedule III of Basel, the international agreement designed to make banks more resilient. "They will be ready by 2013," he said.

To address the financial crisis following the collapse of U.S. bank Lehman Brothers, the French government established in the fall of 2008 a plan to help the banking sector by mobilizing a budget of 360 billion euros, including 40 billion to build equity and 320 billion to help banks refinance themselves via the Company's financing of the French economy (SFEF).

Athens has a payment of aid in September

Greece will comply with its program of fiscal austerity and expects to receive its sixth installment of aid as planned in September, said on Monday a spokesman for the Greek government.

This new tranche of aid granted by the European Union and the International Monetary Fund (IMF), should rise to 8 billion euros.

Friday, discussions between the Greek authorities and inspectors of the European Union, the IMF and the ECB have been suspended for ten days, the two sides disagreeing on the reasons and extent of the delay in the Athens reduce its budget deficit.

"We expect to receive the sixth round in September," said Ilias Mosialos reporters.

Athens invokes a recession more severe than expected, while its creditors in turn point to delays in the implementation of reforms such as reducing salaries in the public service, openness to competition and privatization of professions.

Greece is pressed to move forward on these reforms in the next ten days before the return of inspectors, to convince them that the country has made sufficient progress to be able to touch this new tranche of aid, even if it exceeded the objective of reducing its budget deficit to 7.6% this year, against 10.5% in 2010.

"We will put the program in place," said Ilias Mosialos.

Asked about the articles published in local media that Greece would seek to revise the goals of deficit reduction to reflect the impact of the recession, Mosialos Ilias said that discussions on this issue were ongoing.

The government estimates that the recession this year is 5% of GDP against 3.9% according to a recent projection.

"We have not requested a review of the objectives of the debt. We are in ongoing discussions with the Troika regarding the implementation of fiscal policy (…) and the macroeconomic indicators in general," has he said.