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U.S. operators could choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. But it was not including the announcement on Tuesday launched by Cisco Systems for a new ultra-powerful router, which mulitiple twelve Internet capabilities.

At the close, the Dow Jones, Nasdaq 100 and S & P 500 climbed 0.11%, respectively, to 10,564 points, from 0.36% to 2341 points and 0.17% to 1,140 points. Cisco's announcement boosted the Nasdaq, which connects the tenth consecutive increase.

There is exactly one year, March 9, 2009, the major stock indexes have hit a "low point". Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!

The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment.Weekly Market in the United States, will then be placed under the sign consumer. The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence.

Oil prices retreated Tuesday in New York, a barrel of reference giving 38 cents to 81.49 dollars, penalized by the strengthening of the dollar.

Cisco will revolutionize Internet

The values listed, Cisco Systems (the balance at the close at 26.13 dollars) today announced a new bid to speed internet connections bad credit payday advance .Analysts said the group could announce as Google, investments in new broadband network.

In the wake of this news, AT & T, a major customer of Cisco rose 1.15% to 25.57 dollars, and Apple rose 1.8% to 223.02 dollars.

Also in the technology sector, the U.S. manufacturer of electronic components, Texas Instruments (2.27% to 24.13 dollars) has revised upward its earnings forecast for the first quarter.

AIG has flown Boeing format

AIG. The shares jumped 13% in session amid optimism (+11.9% at closing): investors reacting to efforts by the insurer to sell its assets and repay billions of dollars to the state shareholders to 80%. The group published a series of announcement that it will bring back some 25 billion dollars in cash in his accounts.

Same with Citigroup, which soared 7.58% to 3.83 dollars. Fannie Mae and Freddie Mac have also grown strongly, respectively 10 and 11% during the session.

After the withdrawal of EADS and its U.S. partner Northrop's tanker contract to the Pentagon, whose first installment is only valued at 35 billion dollars, Boeing remains alone lice.Les Boeing shares advanced 0.82 % to 67.79 dollars and Northrop Grumman declined him, from 0.25% to $ 64.

UAL shares have appreciated by 3.6% (18,16 dollars) after announcing profits in February increased by 17% in one year.

Finance ministers and central bankers of the G7 (U.S., Canada, Japan, Germany, France, Italy, United Kingdom) are found on Friday and Saturday in northern Canada (see below). As Barack Obama lashed out Wednesday at the undervaluation of the yuan, "matters relating to the Chinese currency (are) in all minds," said Treasury Secretary Tim Geithner, suggesting that the subject would be treated by the G7.

Officially there is indeed no agenda, and contrary to tradition will be no statement issued after the meeting. "We want to rediscover the" spirit of Rambouillet "historic first G7 in 1975, and have a" chat by the fireside "freer," says one does in Paris.

There is also evidence that the G7 keeps all its usefulness, although the creation of the G20 seems to have finally stole the palm as an instance of global economic governance. The G7 countries are convinced that they have specific interests in common, as explained by a European central banker. "Our currencies are the only ones to be truly flexible, and also we can not forget that our economies have pushed capitalism to the brink!" Quipped the great European treasury.

Debt relief in Haiti

The G7 countries recognize the need to reorganize their respective banking systems, which – and alone! – Were behind the financial crisis of 2008.Mario Draghi, participate in debates with his two hats as governor of the Bank of Italy and Director of the Financial Stability Board, the international body created by the G20 to coordinate international regulation of all financial institutions, and not Only banks fast payday loans .

As for currencies, it is true that the G7 currencies are virtually alone, with few exceptions including the Swiss franc, which float freely, for better or for worse. The remarks made Wednesday by Barack Obama against the yuan, strangely overlapping language of Nicolas Sarkozy vis-à-vis the dollar."The price of currencies and their accuracy is one of the challenges we face on the international level to ensure that the prices of our products are not artificially inflated and those of their equally artificially lowered," said U.S. President.

Even if the G7 should lead to no decision, according to a spokesman for the German Finance Ministry, announcements could be made regarding Haiti. The U.S. Treasury first raised the issue of debt relief for Haiti. Dominique Strauss-Kahn, the IMF managing director and Robert Zoellick, President of the World Bank participate in the Canadian meeting.

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Statistics mixed and disappointing in November in the United States. Consumer spending rose for the second consecutive month, gaining 0.5% on month, after rising 0.6% in October, according to statistics published Wednesday by the Commerce Department.

Although most economists expecting the continuation of consumption suggests an acceleration of growth on the end of the year, confirming the rebound of 2.2% in the third quarter.

The increase in consumption was accompanied, in November, the fifth consecutive increase in household income at 0.4%. Although this is the largest increase in this indicator since May, it remains below expectations (+0.5%).

Despite this more favorable context, the real estate market continued its descent into hell, touching its lowest level since April.Sales of new homes have plummeted 11.3% in November to 355,000 units annually. A very unpleasant surprise to economists, who expected 440,000 sales. To make matters worse, the figures for October were revised downward, to 400,000 units against 430,000 previously estimated.

Anticipated for weeks as a potential investor in the world's number three container shipping, the Strategic Investment Fund (ISF) had remained silent about its real intentions. The team installed the TFB have advanced in their thinking. "Investing in CMA CGM enters our mission," says one to the ISP. While specifying a timetable: "We will file a second time when the company has restructured its debt." There is no question that the public fund to intervene in the negotiations currently taking place.

The ISP also said it will invest "alongside other investors. The process of at-gmentation capital has been committed, but he is preparing. Already several investors have expressed interest. The Louis Dreyfus Group is ready to review the case.But is the financial side of the expressions of interest are most numerous. Apart from the ISP, Goldman Sachs, Butler Capital and Apollo funds are on track.

Largest private employer in Marseille

Jacques Saade, chief founder of CMA CGM, has suggested that the capital increase would be about 300 to 400 million dollars. The ISP does not comment on that amount but said that the lump sum will depend on "the business plan and successful debt restructuring.

The financial support announced the ISP is a strong political signal. It aims to inform the State will play its role to prevent the fall of this group with strategic issues. It is a large group of global maritime trade and the largest private employer in Marseille.CMA CGM is also an actor who plays a key role in the French port activity, strong competition from major ports in the North and the Mediterranean, including Barcelona.

Expected to help the ISP comes as very complex negotiations between creditors, the Saade family, and the government regarding the debt were held Thursday morning at Bercy.

In reality, the parties will simultaneously run a dual operation. This is firstly to allow the ocean carrier to meet its deadlines financial year end. An injection of new money is necessary. Creditors, sixty banks are naturally sought.

The negotiations are tight. The possible aid would be accompanied by the establishment of a new manager operational very quickly, even before the completion of the capital increase.In this scenario, Jacques Saade, current chairman of the board, could become chairman of the supervisory board or become chairman of the board if the governance structure is changed.

Meanwhile, negotiations have focused on restructuring the debt estimated at 5.6 billion dollars. The objective of the parties is able to determine the amount of debt, primarily the purchase of boats that can carry the group based on the level of activity expected in the short and medium term CMA CGM.

From there, the creditors will negotiate mechanisms to reduce this debt: the abandonment of a portion of the debt, a conversion of debt into shares or deferred interest payments. This restructuring is a very difficult operation.It must indeed convince many creditors, including Korean banks to review their commitments.

CMA CGM has to clarify the pattern selected and the terms of the financial restructuring December 15 at a works group. The deadlines are tight.

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The number of overtime-exempt expenses remained virtually unchanged in the third quarter 2009 compared to the previous one, according to latest statistics from the ACOSS, the federation Urssaf. It now stands at 166.8 million hours, equivalent to 300 000 more than the second quarter. On a year because of the crisis requires, however, it drops by 9.2% but with very strong variations by sector of activity.

In industry, traditionally strong consumer of overtime, and the decline exceeds 20% a year, particularly in the metals and fabricated metal products (- 30.6%).

The downturn is intensifying in the construction, it also adept overtime, since the decline reached 9.1% year, four points lower than the second quarter.

The decline was however more moderate in services, – 5.5% a year, mainly because of reduced degradation in the interim (- 30.3%, after – 47% in the second quarter).

Small firms resist

The amount of overtime was ultimately declined less in very small (- 0.2% in one year) than in large (-12.1%) companies "because of the very small proportion of which remained 39 hours, have a structural use of overtime ", says ACOSS in its statement.

The annual decline is also evident in all departments. To the north and east of the hexagon that the decline is greater (less than – 13%) while the Ile-de-France and most departments of the South experiencing moderate declines in the number overtime (between 0 and – 13%).

Only a few departments, Corsica and the Mediterranean (Languedoc-Roussillon, Gard, Var …) actually experience a slight increase of about 10%.

In total, nearly 40% of companies today continue to seek exemptions from overtime, the lowest rate recorded since the entry into force of the measure contained in legislation Tepa in summer 2007. The more companies are consuming less than 10 employees have benefited from 29.5% to 673.1 million euros granted in the third quarter. The larger the company, the less the volume of aid is therefore the more than 2 000 employees affecting only 8.6% of the total.

The European car still recovering. In a statement released Monday, the rating agency Fitch believes that 2010 will be a "transition year" for the sector, despite the appearance of "early signs of stabilization." But the number of bankruptcies in the sector should also remain high in 2009, provides for the rating agency.

Fitch anticipates that the impact vehicle sales in Western Europe will shrink in 2010, and that this decline could reach 6 or 8%. The rating agency predicts that by 2009 the decline in sales will reach 5%, and that production will open in fall of 20% over the same period.

The rating agency gives such a negative outlook because of the gradual but planned, the premium breaks that currently boosts sales.The impact of the disruption of these measures remains difficult to quantify, especially in Germany, "the largest car market in Europe where about one million vehicles were sold under these incentives," says Fitch. Emmanuel Bulle, Director in Fitch motor, said that uncertainty: "Based on sales growth and the actual ability of manufacturers to meet all these challenges, a stabilization of the ratings outlook could arise in the first half of 2010."

Increased pressures on cash

The sales momentum is indeed not the only challenge facing the sector. The issue of financial strength will also return to the front of the stage, including OEMs, Fitch said in another note."In the absence of specific operations, such as increases in capital or asset sales, abandonment of leverage will be a slow process for companies falling into recession with a substantial financial debt, as Renault, "the statement said. The manufacturer is rated "BB with negative outlook" when rival SAP is rated "BB +, B, with negative outlook."

Given these financial pressures, "the agency expects the trend to selective alliances and partnerships will continue into 2010, as well as downsizing discrete and gradual, which are necessary to support a structure lower cost, more in line with forecasts of declining sales.

Automakers will also adapt to new consumer needs.Fitch notes that "the trend towards smaller cars is another challenge for manufacturers of Western Europe, focused on technology, while margins are generally larger segments for vehicles and premium sedans. "No matter the size! Some prefer to bet on another emerging trend of consumption, mindful of its impact on the environment: Renault intends to become the largest producer of electric cars, since the launch of its first four models of its kind in 2011.

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In the lounge Actionaria, individual shareholders are smiling again. This Friday, November 20, the jostling in the aisles of the exhibition of the Exchange is open until tomorrow evening. The event, held at the Palais des Congres de Paris, Porte Maillot, meets all the financial players: listed companies, banks, brokers, financial media and individual investors.

The companies explain their latest results and present their strategy. On this occasion, small shareholders can meet with leaders of companies. Thierry Le Henaff, CEO of Arkema, goes every year on the show: "This is a very privileged that we can dialogue with our shareholders, and raise their expectations," says he.

Banks, home management and Internet brokers have their products and services.Some offer free training to enable individuals to master the new financial tools (eg CFD) and to discover new markets (such as Forex, the foreign exchange market), with the opportunities and risks of their own.

Individual shareholders Actionaria come to find explanations for technical information on a specific company or even counseling. The appointment creates the most opportunity to take the pulse of the market. "Among the questions we are asked most often, there are particular questions about the soundness of banks, and the prospects of the market," explains Benjamin Villegas, broker trading room at IG Markets in London. Regarding prospects for the CAC 40, the expectations are shared: