Adocia starts on NYSE Euronext under the current IPO

The biotechnology company Adocia began Monday his first day of trading on the NYSE Euronext market a little below its introductory course of 15.88 euros.

Around 9:35, it was trading at 15.62 euros showing a market capitalization of 94.5 million euros.

For Arnaud Guerin, an analyst at brokerage firm Portzamparc, this course may reflect questions on business development and strategy company that specializes in Lyon formulation of therapeutic proteins for the treatment of diabetes and chronic wounds.

He also stresses that it is positioned in a highly competitive market where the laboratory Danish Novo Nordisk, a world leader in diabetes care, has taken a big lead. 

Created seven years ago, is the first introduction Adocia market of 2012. Chaired by Gérard Soula surrounded by his two son, Olivier and Rémi, Adocia recently signed a license agreement and collaboration with the U.S. pharmaceutical group Eli Lilly for the reformulation of its insulin Humalog.

This option for the improvement of existing technology Adocia enrolled in a logic quite different from other biotech companies that offer a technological breakthrough.

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.

International creditors of Greece will press Saturday the country's political parties to commit in writing to support the austerity measures required for a new rescue plan and avoid bankruptcy.

Representatives of the European Commission, the European Central Bank and the International Monetary Fund (IMF) will meet with the leader of New Democracy (ND preservatives) was said openly reluctant to provide support for the treatment of austerity imposed by donors.

BNP Paribas will eliminate 1,396 jobs in its banking activities and investment (BFI), or about 6.5% of the pole, told Reuters on Wednesday representatives of the CFDT union SNB and banking, to Following a meeting with management.

Downsizing of the BFI, which will be built through internal redeployment and voluntary redundancies, 1023 for positions abroad and 373 positions in France, said the two unions.The CIB division of BNP employed approximately 21,400 employees worldwide at the end of September, according to information available on the website of the bank.

The job cuts at BNP Paribas occur the day after a similar announcement of Societe Generale, which plans to reduce its workforce by bank and investment of several hundred jobs.

"BNP Paribas has announced a plan for job cuts is, in the world and only for bank financing and investment, 1396 jobs," said Joel Debeausse, deputy national delegate of the union SNB.

"It's 1023 posts for the world, there is no breakdown by country, and 373 for France," he added.

Unemployment up off again in September

Unemployment in France is left up in September after a slight decline in August, show statistics released Wednesday by the Ministry of Labour and job center.

The number of job seekers in category A (those who exercised any activities during the month) in France rose by 26,000 (+0.9%) last month to $ 2,780,500.

In one year, the number of unemployed in category A growing by 3%.

By adding the persons engaged in small (B and C), the number of job applicants sign an increase of 0.7%, or 27,600 more people in one month, to $ 4,175,800.On an annual basis, the increase for these three categories falls to 4.5%.

September was especially unfavorable for 50 years and older, an age in which the number of unemployed in category increased 2.1% over the month and 14.3% year on year.

It was also detrimental to the age of 25, since in that category, the number of unemployed increased by 0.6%. On a year, however, declined 2%.

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.

GDF Suez to Eni sells a share in the fields in the North Sea

GDF Suez said on Wednesday an agreement with Eni to sell to the Italian group's 10.4% indirect interest in the gas fields of Elgin-Franklin in the UK North Sea for 590 million euros.

This is part of its program to sell 10 billion euros, said the French energy company in a statement.

Participation in question is owned through the company EFOG, a joint venture between GDF Suez (22.5%) and Total (77.5%), which itself holds 46.2% of Elgin-Franklin field.In 2010, these assets accounted for 5.5 million barrels of oil equivalent in natural gas production and hydrocarbon GDF Suez.

The transaction is expected to close by the end of 2011, said the French group.

Around 9:30, the action GDF Suez was almost unchanged at 22.52 euros while the CAC 40 gave 0.29%.

The Greek Minister of Finance suggests a vicious cycle

Austerity measures are necessary to Greece to escape the vicious circle imposed on its economy and its debt and turn it into a virtuous circle, said Tuesday the Greek finance minister, Evangelos Venizelos.

The latter also found that the initial objectives of the European Union (EU) and the International Monetary Fund (IMF) to restore the Greek public finances were too ambitious.

He said the European agreement of 21 July on a new plan of aid to Greece was a Bible for the government of George Papandreou.

A delegation of the EU, the IMF and the European Central Bank (ECB) will return this week in Athens and Greece will receive next month a new tranche of eight billion euros to avoid bankruptcy, said Minister of Finance.

The Prime Minister will address this "troika" of the written assurances it requires on the austerity measures proposed by the government, said Evangelos Venizelos. Finance ministers of the euro zone will review these proposals and will then be unlocked using, he said.

"The release of funds will take place and will be held on time," he said.

More women work, they are more children

Contrary to popular belief, fertility is higher in countries where the participation rate of women is high. When the wife works, the household can more easily provide the extra cost to the arrival of a child.

Contrary to popular belief, most women work, more fertility is high, say demographers at the National Institute of Demographic Studies (INED) in a study published Thursday. "Fertility [the number of children per woman of childbearing age, note] has decreased significantly in all OECD countries between 1960 and 2008 to be below the replacement level of generations of 2.1 children per woman, "the researchers write in their investigation of the relationship between births and economic progress in rich countries.

However, "there is decreased until after 1995, fertility has been slightly increased back in a majority of countries," they said."In all OECD countries, it rose by an average of 1.69 children [by women] in 1995 to 1.71 in 2008," a "rebound particularly marked in Spain, France, Belgium, United Kingdom and Ireland. "

Additional revenue needed for the arrival of a child

The researchers first examined the relationship between fertility and wealth, and observed "an increase in fertility when the level of economic progress, from a per capita GDP of about $ 30,000." But the link does not work for all countries, Scandinavia and Anglo-Saxon, and of France with such "a much higher fertility than expected given their GDP.""Differences in GDP per capita does not suffice to explain differences in fertility of one country to another," conclude the demographers.

By cons, "in most of the richest countries, the rise in fertility is associated with a high employment rate among women," they said.In particular, "the possibility for them to balance work and family is seen as a key rebound in fertility." Thus, if "the relatively early stages of development" of a country, women can postpone childbearing because they are more and more studies, thereby lowering fertility, "At some point, if the woman works, the additional income it brings to the household secures its economic situation and makes the extra cost to the arrival of an additional child support ", says the study, which also refers to" any help provided by the state s' there is a family policy. "