The number of jobs created was below expectations in the United States in October but the unemployment rate fell to 9.0%, a low of six months, and the upward revision to job creation August and September suggests that the labor market found strength.

The number of jobs created was 80,000 last month, while economists predicted 95,000. But the months of September and August, that number was revised up and give 102,000 more jobs than previously announced.

The unemployment rate fell to 9.0% against 9.1% in September.

The private sector added 104,000 jobs in October, while the public sector lost 24,000.

Already stung by the latest developments in euro area markets have also been faced with the announcement of a further slowdown in manufacturing activity in China and the United States has accentuated the negative sentiment in the markets.

More than 68,000 passengers affected by the strike at Qantas

Australian Prime Minister Julia Gillard has asked Qantas unions to end their claim as the strike of the airline has reached over 68,000 passengers.

Julia Gillard, criticized for not having intervened earlier in this dispute, asked the court ruling in Melbourne this type of case to end as soon as possible to the strike.

"We have taken this action (going to court) because we are worried about the impact on the economy," said the head of the Australian Government.

The strike comes at a worse time for the Australian Government, the Commonwealth summit being held in Perth.Seventeen officers were invited to travel on Qantas aircraft Sunday.

Saturday, the airline has grounded more than one hundred aircraft and canceled 447 flights. The strike comes during a weekend of the busiest of the year in Australia in terms of air transport, in part because of a very popular horse race, the Melbourne Cup horse, which takes place Tuesday and attracts tens of thousands of people.

The unions are demanding salary increases and improved working conditions, and challenge the strategy of the company to focus its international activities in the Asia-Pacific region. The company management wants it removed through a thousand jobs.

Rescue of the euro: the bites of discord

Despite claims of a "perfect match" between Paris and Berlin to save the euro area, Germany is seeking to impose its measures to France. But Paris is fighting back. Anthology of statements that illustrate these differences. German Chancellor Angela Merkel and French President Nicolas Sarkozy during a press conference at the Elysee Palace August 16, 2011.

"The French do not move one iota"

Paris and Berlin on the same wavelength? There is something highly doubtful. Despite Thursday about the German Finance Minister Wolfgang Schäuble has mentioned a "total agreement" between France and Germany before the European summit Sunday, the two capitals still cling. This is particularly the disagreement on scenarios for ending the crisis of the euro which caused the postponement of a final decision next Wednesday, not Sunday as planned.Angela Merkel even declared Thursday in a small group that "the French do not move one iota" on their positions, according to remarks reported by the German daily Bild.

"Give a banking license in EFSF is out of question for us"

The disagreement most marked between the two capitals is on maximizing the European Financial Stability Fund (EFSF). Paris wants to give it a banking license to enable it to obtain financing from the European Central Bank (ECB) and have a borrowing capacity multiplied. Out of the question for Germany. The Vice-Chancellor of Germany Philipp Rösler was repeated Friday, "in no circumstances do we want a banking license is given to the EFSF. Want that our colleagues, friends and partners in France. But it's out the question for us as government and the coalition (government) as a whole. "The ECB also refuses, his chief economist Juergen Stark said on Thursday that "we can not meet the expectations of the governments (…) the fact that the ECB to do more."

"France continues to defend it, there are big discussions"

The EFSF, negotiations are still bitter between the two diplomats, and Paris does not admit defeat. According to a European diplomat, "France continues to defend it, there are big discussions." Paris as the ECB would continue to purchase securities of distressed states like Greece, Italy, and Spain. The institution has made since May 2010 out of its mandate to do so, and avoid contagion of a debt crisis in these countries. Belgium is already favorable.But the ECB refuses to continue this policy firmly and waits for the EFSF take the baton, according to the diplomat.

"From the beginning, Merkel dictate the tempo and impose its income erroneous"

If France does not want to compromise on its position is that it has followed much the German proposals in recent weeks on two main points: a strong restructuring of the Greek debt and bank recapitalization. It has long been opposed, but finally solved it, especially to preserve the unity of France and Germany. "From the beginning, Merkel dictate the tempo and impose its income erroneous," a European diplomat plague.France seemed to have resigned to claim the "banking license" to EFSF, it is now ready to attempt the showdown with Berlin.

"The impact is disastrous outside"

To stem the crisis, Berlin wants to use the EFSF as insurance against the default of the countries in difficulty. It would guarantee 20 to 30% of the securities issued by states. But on this subject the French are not the only ones to show their reluctance. Rome and Madrid are also in disagreement according to a source cited by Les Echos. According to Italy and Spain it will create a rate difference between bonds and debentures. "No one in a financial crisis, venture to purchase securities that need a crutch," the official said.The prospect of a consensus is difficult to foresee, and Europe the world illustrated by his disagreements according to the chairman of the Eurogroup, Jean-Claude Juncker. "The impact on the outside was a mess," he said. "We'll have to agree soon on how we can improve the look of others on us."

The situation in Greece "has not changed since July"

One of the major issues for the future of Europe is its ability to prevent financial excesses of fragile states in the euro area. In Germany, it would tighten controls on the reforms implemented by the countries supported by the troika (EU, ECB, IMF), today Greece, Portugal and Ireland. For this troika responsible for evaluating on a quarterly basis the progress of reforms, not enough according to a source close to the German government.The situation in Greece "has not changed since July," said the source. "The troika system which advises us every three months because too much stress, we need a much more permanent support, which allows to adapt much more quickly" assistive devices.

"There is no real problem with the Chancellor, there is a problem with the German coalition"

According to a French official quoted on the blog of Libération journalist Jean Quatremer, the real obstacles between France and Germany would rather a problem of "German-German". "There are no real problems with the Chancellor, there is a problem with the German coalition," said the official, who stressed that the Finance Minister Wolfgang Schäuble diverges including its chancellor on the level of discount to be imposed on creditors private on Greek debt.What foreshadow muscular discussions before the EU summit on Sunday.

Danone confident for 2012 after a third quarter in line

Confident for 2012, Danone Tuesday reconfirmed its 2011 objectives and expressed confidence for next year by publishing quarterly sales in line with expectations thanks to strong performance in emerging markets.

The world leader in dairy products and bottled water in the third quarter has a turnover of 4.805 million euros, against 4808.33 million expected by analysts polled by Reuters writing.

On a comparable basis, sales growth amounted to 5.9% in the range of 6 to 8% under the group, and as expected down from the 8.7% growth achieved in the first half.Analysts expected an improvement of 5.6% in the third quarter.

Danone said he was "confident" for 2012 and reiterated its 2011 objectives, namely an increase in sales on a comparable 6% to 8% and an increase of its current operating margin of approximately 0.2 point, always like.

This growth will come from all its activities, but particularly integration synergies from Russian Unimilk, said Danone, which still expects to grow its free cash flow consistent with the goal of two billion euros for 2012.

During a conference call, Chief Financial Officer Pierre-Andre Térisse, said the dynamics of the fourth quarter should be "fairly close" to that of the third.

He said most of the price increases had been "passed, executed and well executed in the first half."

As for the confidence shown in 2012, he said it was based on growth in emerging markets, the integration of Unimilk, which should be completed by the end of the year, and increases performed for several quarters in each of the group's activities.

SALES ALMOST STABLE IN EUROPE DYNAMIC ELSEWHERE

The CFO said the price of milk and plastics were now grown.

On a comparable basis, sales of the branch "water" rose 7.9% to 816 million euros in the third quarter, those of the Fresh Dairy Products division from 3.5% to 2.785 million, the "child nutrition" has increased by 10.5% to 906 million and the pole "medical nutrition" from 9.8% to 298 million.

Growth in fresh dairy products was driven by the brand Activia who performed a double-digit growth in Latin America, Japan, Saudi Arabia, Spain and Italy, says Pierre-André Térisse.

In Europe, still comparable, Danone's sales rose only 0.1% to 2.661 million euros in the third quarter, as they progressed from 19.6% in Asia, 740 million, and 11.5% in the rest of the world, to 1.404 million.

In the U.S., where the Greek yogurt segment took 25% market share, Danone has renovated Oikos brand and the first results "are excellent," argued Pierre-André Térisse."We are working to increase our capabilities to meet this demand," he said.

In Russia, he said, the price increases of 2010 have resulted in "a temporary slowing of growth" so that "sales of Danone and Unimilk remained stable compared to last year."

At the Paris Bourse, the action Danone, down in the first few exchanges, quickly moved into the green and won 1.18% to 45.93 euros at 9:20 while the CAC 40 lost 2.1% and the European sector index of the food industry abandoning 0.36%.

Increase in the morale of U.S. households

The index of U.S. consumer sentiment rose in September but the Americans have no faith in the future, the sub-index measuring expectations being at their lowest since 1980.

Index Thomson Reuters / University of Michigan on Friday stood at 57.8 (provisional figure) in September against 55.7 in August. The index in August was the lowest since November 2008. The consensus of economists polled by Reuters gave 56.5.

The expectations sub-index fell to 47.0 against 47.4, the lowest since May 1980.The outlook 12 months decreased to 38 against 40, the lowest since February 2009.

The sub-index of current conditions rose to 74.5 against 68.7 (consensus 68.0).

The sub-index of inflation expectations one year falls to 3.7% against 3.5% and at 5 to 10 years at 3.0% against 2.9%.

European shares fall, Paris underwent the greatest decline

European shares fell again Monday, and Paris more than others, banking stocks have sealed the evidence against the backdrop of threats of deterioration of the note of the three major French banks by Moody's.

Sign of the growing concern of the markets on the ability of European leaders to provide credible answers to the crisis of sovereign debt, the euro, which had hitherto resisted rather, fell to a low of six months to a , 34949 dollar at the meeting.

It was trading around 1.36544 in late afternoon, the euro was hurt by the statements of German officials who have openly discussed the case of an outflow of Greece in the euro area, two days after the announcement of the resignation of sensational Jürgen Stark, chief economist at the European Central Bank (ECB), hostile to the policy of bond buyback of fragile states

The CAC 40 index, which opened a bearish gap of 75 points (difference between the lowest of the previous session and the highest of the day 2.967/2.892) closed down 4.03% at 2854.81 points, but above its lowest Session (2820.76) hit after the announcement of an explosion on the Marcoule nuclear site in the Gard.The index fell 3.6% Friday.

Analysts Graphics Day by Day, the next intermediate support of the CAC is around 2785 points, which correspond to the projection of the decline in the first week of September. They felt then, the major support is around 2720 points, the low point and closing meeting of March 30, 2009.

NO RESPITE TO THE HORIZON

London has sold 1.63% 2.27% Frankfurt and Milan 3.89%.The pan-European Euro Stoxx 50 index fell 3.79%.

Nothing on the horizon that promises a respite as the economic slowdown casts doubt on the ability of states to redress public finances.

"The world needs for growth and markets need confidence, and when these two parameters no longer exist, the medium to long term investors desert the risky assets become vulnerable to speculative movements thank you and robots (trading high frequency), explained Christophe Brulé, founder of Entheca Finance.

He said in a note that the CAC 40 was much more upset than the U.S. indices."On August, 62% of the sessions of the CAC 40 saw current amplitude greater than 3% against only 35% for the U.S. market."

"If we return to economic fundamentals (macroeconomic growth and corporate earnings), the horizon was blocked for two months," he added.

In Paris, the three major French banks have accused the largest declines the CAC and touched lows. BNP Paribas fell by 12.35%, 10.64% of Crédit Agricole.Societe Generale, which has tried to reassure the market by a communication on his situation, dropped 10.75%.

BNP Paribas and SocGen accused too, with UniCredit (-10.91%), the largest declines in the index Stoxx European banking sector (-4.56%) recorded the largest decline in sector indices.

"The expectations of a deterioration of banks by Moody's are not a surprise if we judge by previous decisions of Standard & Poor's has already degraded the French banks.But it's not just a French problem is a wider problem related to the sovereign debt crisis, "said Stefan Isaacs, bond manager at M & G.

In this context, the flight to less risky assets has resulted in the bond market by a substantial amount of the performance of 10-year German Bund fell to a record low of 1.71% to finish at 1.74% against about 1.77% Friday.

Nordea will eliminate 2,000 jobs

Nordea, the leading bank in Sweden, will drop 2,000 jobs over the next two years to boost its profitability, the new global banking regulations pushing costs up.

The bank, which will separate and nearly 6% of its workforce, has already started negotiations with unions Danish, Finnish, Swedish and Norwegian.

The tightening of banking regulation is a concern for the entire industry, according to the bank, which has 1,400 branches and employs over 34,000 people.

In recent months, almost 50.000 job cuts were announced in the banking sector worldwide, the result of sluggish economic growth, volatile markets and a strengthening of regulations to avoid an episode similar to the 2008 financial crisis.

What do you think of Angela Merkel?

German Chancellor would be the most powerful woman in the world. A majority of French also make him more confident that Nicolas Sarkozy to resolve the crisis. And you, what do you think? German Chancellor Angela Merkel (Blegrade by August 23, 2011)

German Chancellor Angela Merkel is again this year the most powerful woman in the world, before the U.S. Secretary of State Hillary Clinton and the President of Brazil Dilma Rousseff, according to the annual ranking by Forbes magazine. An award well deserved, it said in the comments inetrnautes expansion. Com.

A recent survey revealed also that the French, overwhelmingly concerned about the impact of the current financial situation, have more confidence in Chancellor Angela Merkel to Nicolas Sarkozy to resolve.What is ironic is that the Germans themselves increasingly skeptical of the capacity of Chancellor to resolve the financial crisis.

And you, what do you think of Angela Merkel? She deserves the title of most powerful woman in the world? What are its qualities or defects? Why make him more confident than Nicolas Sarkozy? Give us your opinion in the comments.

Parisot opposes higher taxes for businesses

Asked about the fiscal tightening to come, the president of MEDEF opposes a heavier tax burden on businesses, which increased their production costs. It calls for a concentrated effort on reducing expenses. For the leader of the MEDEF, "Small and medium enterprises are the cleat of what they may experience as a tax burden."

The president of MEDEF, Laurence Parisot, ruled Monday that the government should be careful "not to penalize" companies not to stop growth, while it must present a Wednesday fiscal tightening to meet its commitments deficit."If we win tenths of a percentage point of growth, it is important not to penalize companies, it is important not to exacerbate their production costs," warned Ms. Parisot on France 2, but stressed that "efforts should collective being, "but to focus on reducing expenses.

The government must announce Wednesday a fiscal tightening needed to meet its commitments deficit in turmoil on financial markets. Asked about the available margins, the president of MEDEF, which is scheduled to meet Prime Minister Francois Fillon in the day, said that "small and medium enterprises are the cleat of what they may experience as a tax burden."

She, however, conceded that "there may be some room for maneuver in very large companies," without giving further details."They must also remain competitive globally," warned Laurence Parisot. The leader of the employers' association also estimated that there were other avenues to consider, such as public service delegations from the state to the private sector. "This would allow the state to spend less and companies to develop new on those sectors," she said.

2% growth, a target "hard to reach"

Laurence Parisot considered "very difficult" to achieve the government target of 2% growth in 2011, a figure considered unrealistic by many economists. "This is something that seems very difficult to achieve," said Ms. Parisot on France Televisions, while the French gross domestic product stagnated in the second quarter, indicating a sharp slowdown in economic activity.

The government's growth target is 2% in 2011, but many economists and analysts say the figure is unattainable, which complicates the preparation of budget 2012 and the commitments for deficit reductions public. The government Wednesday to unveil tracks withheld in an attempt to find additional funds to meet these targets. "If we do not show discouragement, we can continue to get these points of growth," however, felt Ms. Parisot.