ArcelorMittal plans a third quarter slowed, with lower operating performance. The group on a table and a gross operating surplus (EBITDA) of between 2.1 and 2.5 billion dollars. ArcelorMittal explains that the period will be marked "by a combination of seasonal factors and the effects of economic slowdown in China." The goal of a 10% increase in global demand in 2010, described by the group earlier this year, now seems difficult to achieve.On the other hand, the group's factories, which have operated in the second quarter to 78% of capacity against 80% expected in late April, are expected to slow to about 70%.

Long awaited on the subject, ArcelorMittal also said: "For the second half of the year, the challenge will be to pass all cost increases to our customers."

More encouragingly, the world's largest steelmaker has managed to keep its goals in the second quarter. The steelmaker has unveiled an operating surplus in line with expectations at $ 3 billion after an increase of 150% compared to last year. The net continues, as expected, grow, and was 1.7 billion dollars against a loss of 792 million last year. "The improved second-quarter performance is consistent with our expectations and reflects the continuation of the slow and gradual recovery," said Officer.

An independent company for the stainless activities under study

Turnover was slightly below expectations at 21.65 billion dollars against 23.1 billion expected by the consensus of analysts.

Finally, ArcelorMittal said currently evaluating the possibility of creating a separate company (spin-off) of its stainless steel business. "We have confidence in the future of the stainless steel business and believe that creating a separate company will create further added value for all shareholders," said the group.

A reversal following direct speech, much anticipated, Ben Bernanke. The Fed chairman, who delivered his verdict on the U.S. economy before the Senate Banking Committee, said that the takeover of the U.S. economy "continues at a slow pace" and that "the economic outlook remain unusually uncertain" . If no measure of support is mentioned, the Fed is willing to act.

"The market reaction reflects the caution shown by the markets," notes Nick Kalivas, an analyst at MF Global in Chicago."Yet, to some degree, support annocée the Fed would have meant that things were worse than we thought."

These ads are disturbing in any case overshadowed the results published before market trimestreils …

Record earnings for Wells Fargo

Wells Fargo (4.32% to 27.03 dollars) on Wednesday posted a net profit of the group "record" for the second quarter to 2.787 billion dollars, up 12% over a year and above expectations, and reported an improvement in the credit greater than planned. Based on the number of shares, the benefit amounts to 55 cents, while analysts were only expecting 48.Net revenue (turnover) of the fourth largest U.S. bank stood at 21.394 billion dollars, yielding 5% a year.

The U.S. investment bank Morgan Stanley (8.05% to $ 24.25) Wednesday announced a net profit group share of $ 1.578 billion in the second quarter, much better than expected, with a turnover also exceeding analysts' forecasts. Per share, net income totaled $ 1.09 and 80 cents without considering the integration of brokerage Smith Barney Citi bought instant credit report.Analysts had expected 46 cents per share excluding special items.

The U.S. giant soft drink Coca-Cola (+2.05% to 54.32 dollars) net earnings up over 16% to $ 2.37 billion in the second quarter, slightly less than expected thanks to higher sales volumes internationally. Reported per share, current earnings is $ 1.02, slightly less than the $ 1.03 expected by analysts, but better than the 92 cents recorded a year earlier.

Apple has released its quarterly after the close of Wall Street. The firm at the apple once again exceeded market expectations in the third quarter of fiscal offset with net income up 78% year on year to 3.253 billion dollars, and sales far beyond forecasts.The securities earn 3.81% to 261.48 dollars.

The U.S. Internet portal Yahoo! posted a group net profit up 51% year on year to 213.32 million dollars in the second quarter, better than expected by analysts, but its sales came out virtually unchanged. The shares dive: -8.88% to 13.85 dollars.

Moreover, the oil giant BP traded on Wall Street Tuesday concluded an agreement with U.S. rival Apache to sell him to seven billion dollars in assets, making a sudden the majority of assignments to which he had hired to offset the cost of the spill. The news was welcomed: securities rise of 3.35% to 36.38 dollars.

Note that the foreign exchange market, the euro retreated against the dollar, traders were playing the card of caution before the release Friday of the results of resistance testing of the 91 largest European banks. In the morning, the euro was at 1.2867 dollars against 1.2881 dollars the previous day.

On Friday, BP has reaffirmed its intention to announce to its shareholders on July 27 the amount of its interim dividend by way of the second quarter.Dividends paid by the group representing some 10.5 billion dollars (8.7 billion euros) per year.

Yet another bad news for the oil group that is not due to his inability to pay, but the fact that the U.S. authorities there are not favorable. "It does me no problem that BP complies with its legal obligations (to its shareholders, Ed), but I want them to know they have a moral and legal obligations here in the Gulf, warned Tuesday Barack Obama.

The U.S. authorities have also sent an ultimatum to compel them to BP by unveiling its plans to 72 hours to stop the leak.

"BP must state its plans for its parallel initiatives ongoing and alternative oil recovery, including establishing a timetable within 72 hours after receipt of this letter," says the letter from the admiral-cons Coastguard James Watson chief operating officer of BP, Doug Suttles, and dated Tuesday.

With the installation of a funnel, BP has accelerated since last week the recovery of oil leaking from the wells to 1,500 meters below the surface of the water for more than seven weeks. But the water continues to move towards the U.S. coast and crude oil continues to flow.

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At the opening, the CAC 40 rose 0.58% to 3433 points, and other European markets were also in the green. The stock reacted quite favorably to the words of Ben Bernanke, the Fed chief, interviewed on ABC, ensuring that there will be no double economic believed.

But about 10 hours, the red again invaded the index, investor sentiment remains fragile. Since the ACC slipped further into negative territory. Around 11:30 am, he fell from 1.7% to 3356 points.BNP Paribas (-3.03%), AXA (-2.31%) and Total (-2.07%) are the main contributors to the decline in the index in Paris.

Other major European stock markets also erased their initial gains and the pan-European FTSEurofirst 300 index was down 1.57%.

In France, the trade deficit was slightly reduced in April to 4.248 billion euros against 4.413 billion the previous month, according to Customs. When the budget deficit, according Bercy, it reached 56.2 billion euros at end-April, against 71.6 billion a year earlier.The Bank of France maintains its forecast of growth of 0.5% in the second quarter in its May business survey released Tuesday.

We will monitor developments at noon monthly industrial production in Germany expected an increase of 0.7% and the sense of optimism (U.S.) in small businesses to 13.30 (expected figure to 90.6) or the sense of optimism U.S. economy at 16:00 (expected number 49.3).

The European plan sealed

Monday evening, the finance ministers of Twenty-Seven were meeting in Luxembourg. They sealed their agreement on the "ease" of 750 billion which should guarantee the eventual bailout of states on the brink of bankruptcy.On one side it is good news for European coordination, but this agreement also shows that European leaders have never had so little confidence.

In Germany, Angela Merkel has decided to cut in government spending, welfare and unemployment benefits while creating specific taxes on aviation and nuclear power. A cure dark record of 80 billion euros by 2014.

Oil side, it goes a bit Tuesday. The black gold will change this week in publication of several important reports on the status of supply and demand, namely the monthly publication of the International Atomic Energy Agency (IEA) on Thursday, the Agency American Energy (EIA), Tuesday, and the Organization of Petroleum Exporting Countries (OPEC) on Wednesday.

Partnership between GDF Suez and E. ON

GDF Suez (-0.04% to 24.5 euros) and E. ON (balance) announced Monday the signing of a partnership to explore new opportunities in the area of nuclear power in Italy. The chairman of GDF Suez Energy Europe, Stephane Brimont believes that this agreement represents a first step in the reintroduction of nuclear energy in Italy payday loan lenders. Klaus Schaefer, CEO of E. ON Italy's "cooperation with GDF Suez could contribute to the formation of a new consortium in the future".

Total: 0.22% to 38 euros. Total said Monday night he entered the capital of American society AE Polysilicon up 25.4% through a capital increase reserved.The boss of Total, Christophe de Margerie, said Monday in Montreal that he should continue to explore for oil in the bottom of the sea and agree to pay for security, "even tripled, to avoid repetition of pollution Gulf of Mexico.

Areva: 0.43% to 353 euros. Areva said Monday it has completed the sale of its transmission and distribution division to Alstom and Schneider Electric. According to Les Echos, the group is also preparing to record an allowance of 300 to 450 million euros in its accounts of the first half due to delays in the construction of its EPR reactor in Finland. Moreover, starting the nuclear reactor at Olkiluoto EPR has been postponed for six months. Its commissioning will take effect in 2013.

Schneider: 0.76% to 84.4 euros.The Chief Executive welcomed the fall of the euro and confirms its objective of "organic growth" moderate turnover of his group in 2010. "Mechanically, the decline of the euro has a positive effect when we consolidate our results. When the euro lost 1% against the dollar, our gain is approximately 8 million euros, "said Jean-Pascal Tricoire in an interview with Les Echos.

Klépierre: largest increase of the SBF 120 (EUR 22.12 +2.15%) value is boosted by a good recommendation from UBS, which rose from "neutral" to "buy" with target price maintained at 29 euros.

The trial begins Kerviel

Today begins the trial of Jerome Kerviel, the former trader at Société Générale, sued for a loss, he contests, nearly 5 billion euros in early 2008.

Accor: 0.27% to 39 euros. Separated hotels, Accor Services is renamed Edenred.The owner of Ticket Restaurant changes name before its listing on the Stock Exchange on July 2.

Technip: 1% to 49.64 euros.Le oil group to win Refinery & Petrochemicals Mangalore three turnkey contracts for a fixed price, worth a total of about 25 million euros for phase III project expansion of its refinery located in Mangalore on the west coast of India.

Gemalto 1.23% to 30.5 euros. In turn, the global leader in digital security, today announced that Deutsche Post DHL deploys its innovative card of vegetal origin. Since 1 June 2010, Deutsche Post DHL offers its business customers to adjust Postcard GoGreen sending letters and packages for express delivery.

Online Games At 10:00, the Regulatory Authority online games (Arjel) certified operators present the implementation of paris and online gambling in France, starting this Tuesday.

Electric Other important event of the day, Bill Nome on the organization of the electricity market will be discussed at the National Assembly. EDF fold from 0.86% to 34.5 euros.

The Group's organic growth rose 2.5% thanks largely to strong sales in emerging markets and a gradual recovery in activity in mature countries. The rest of the group's growth came from acquisitions or equity investments during the quarter, seven in total, including FGX International, a leading North American sales of pre-mounted goggles.

At the time of publication of its 2009 annual results in early March, the Director General Hubert stated Sagnieres wait "growth between 5% and 7% excluding currency effects" of sales in 2010, indicating that the number of cases of this first quarter is in line with forecasts.In contrast, the group does not other forecasts for the full year 2010.

In China, the Hang Seng in Hong Kong climbed 0.11% to 22,233 points while the Shanghai Composite lost 0.57% more frankly to 3127 points. The Kosdaq Korea followed suit with a drop of 0.65% to 3611 points. In India, the Stock Exchange was down 0.24% to 7083 points.

Australia is in the green with an S & P 200 up 0.67% to 4981 points.

Meanwhile the U.S. results …

The Asian markets are reluctant to follow the movement driven by Wall Street Friday. The U.S. stock market finished the session at its highest level since September 2008 (0.64% at 10,997 points) despite mixed statistics.The clarification of the case by the Greek EU heads of state, announced on Friday and confirmed Sunday, has confirmed the good mood.

According to analysts, Asian investors are now expecting the ball quarterly publications which should begin on Monday in the U.S.. Alcoa will open the ball tonight before Intel, Google, JP Morgan, Bank of america or General Electric throughout the week.

As for the U.S. statistics, budget figures are expected this evening. In the rest of the week will be revealed, among others, the figures in the housing sector, the weekly unemployment registration and the index of sentiment among American consumers.

In Japan, markets will keep an eye on the conclusions of the minutes of the meeting of the Bank of Japan on 16 and 17 March.

Oil up

Crude prices were trending upward Monday in electronic trading in Asia, boosted by the dollar's decline against the euro. The European currency jumped to exchange in effect against 1.3675 dollars.

A barrel of light sweet crude for May delivery gained 46 cents to 85.38 dollars while Brent North Sea due to the same, took 50 cents to 85.33 dollars.

Following the regional elections, Nicolas Sarkozy has postponed the carbon tax, its implementation conditional on the adoption of a "tax border European" would apply to products from the 'polluter pays'.

Trade disputes

The idea largely divides the bloc, and the report points out the reluctance of Brussels."First, (the tax) should be designed to ensure legal consistency with the WTO (World Trade Organization). This obstacle is surmountable by experts held Bercy. The fact remains that the tax, according to Brussels, "could provoke trade wars and retaliation" fast cash. The fears about China but also the United States. "Secondly, the report continues, the administrative costs could be very high because the tax rate would vary depending on carbon emissions generated by each taxed product."

On March 26, following the European Council, Nicolas Sarkozy had been assured that "the question of a border adjustment mechanism" was "unavoidable", adding: "no country objected."According to the French President, the European Commission in June propose a mechanism of carbon tax at the border. This initiative does not appear in the official statement of the conclusions of EU summit. "It is an interpretation" by the Head of State, politely commented an official of the Commission. "The border tax," says this source in Brussels could be discussed "early May" between the commissioners involved in the revision of the directive on the taxation of energy to appear in a document may only be a proposal.

However, the region is not affected: The main financial centers of Asia and Pacific region posting gains, as the Hang Seng in Hong Kong, which climbs from 1.4% to 21,537 points or the S & P / ASX Sydney, rising from 0.88% to 4950 points. The Australian central bank has postponed the sale of its decision on interest rates.

In India, the Bombay SE gleaning some points to 17,937 points.

The good news on the economic front in the U.S. have this optimism. Notably, the month of March, the U.S. economy created 162,000 jobs and the unemployment rate remained steady at 9.7%, according to Labor Department statistics.

Toyota Prius has sold its

In exchange, securities Toyota displayed a decrease of 1.3% to 3.765 yen. Despite reminders of the brand, sales of the vehicle hybridecontinuent to dominate the Japanese market no fax cash advance. The Prius hybrid car has remained a bestseller in Japan for the eleventh consecutive month in March, despite the technical flaws that led to the recall of about 200,000 copies a month earlier in the archipelago. A total of 35,546 Prius have been sold in Japan last month, almost seven times more than a year earlier.

Furthermore, the manufacturer will recall some 12,984 vehicles sold in South Korea because of mats may impede the accelerator pedal, said on Tuesday South Korean Ministry of Transport.Three models are involved: the Lexus ES350, Camry and Camry Hybrid, the ministry said in a statement posted on its website.

Isuzu Motor bend 2.7%, to 255 yen.

At the meeting this Tuesday, resource stocks led the dance, like Rio Tinto in China, which climbed 1.5%, Woodside Petroleum in Australia, which has won 1.5%, New Zealand Oil and Gas was up 2% and Inpex of Japan grants itself the index 1.1%.

The Pentagon spokesman, Geoff Morrell, reports and an extension of time less than 30 days that the EU had asked to be ready. EADS had clearly indicated that it took at least 90 days to prepare a bid for this contract represents $ 40 billion. Washington finally gave up and decided on July 8 to accept new files payday advance.The contract will be awarded in the fall.

The EU was primarily associated with the American Northrop Grumman, which finally withdrew its bid in early March, arguing that a device already left Boeing favorite, given the terms of the tender market.

On another aviation market, the Brazilian airline Tam expects an increase in traffic of 18% over its territory in 2010, against 14% last year.

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