Sales of existing properties and have hit a 15-year low in July. The June sales have they been revised downward to 5.26 million units, against 5.37 previously.

These figures are certainly worse than expected catastrophic but are not a total surprise. They indeed correspond to the decision of the tax credit established by the Federal Government to support sales. "Citizens are very rationally rushed on the market before the expiry of the measure in May," says Laurence Yun, chief economist of the NAR."Since that date, signature of contracts of sale were far less numerous. Expect a break until late September. "Other economists expect a further slide in sales volumes until 2011.

Besides GDP, the U.S. will publish the index of consumer sentiment and Chicago PMI. In Europe, German retail sales and GDP of the area will also be published.

Moreover, this last week's meeting will again be marked by a series of major business publications.

Alcatel Lucent revenues of 3.813 billion euros in the second quarter, up 17.4% sequentially and down 2.4% from the second quarter of last year. The group reiterated its outlook for 2010, including an adjusted operating income of between 1% and 5% of its revenues.

JCDecaux announced Friday a net profit in the first half of 65 million euros compared to 4.4 million euros over the same period in 2009. The group anticipates a change in organic revenue for the third quarter less than that of the second with a cash flow of 119 million euros, compared with -1.7 million euros in the first half.

Lafarge reported a sales increase of 2% to 4.43 billion euros in the second quarter. The group now provides a variation of the demand for cement between -1 and +3% in 2010 compared to 2009.Lafarge expects a reduction in capital expenditure to less than 1 billion euros in 2011.

EDF has announced a net profit group share 1.7 billion euros including a provision for $ 1.1 billion on its North American operations easy payday loans. Moreover, the EPR Flamanville, who has two years late, should produce marketable electricity in 2014, with construction costs re-estimated at around five billion euros.

EADS announces first half net profit of 185 million euros and a turnover of 20.3 billion euros. Adjusted operating income is 406 million euros. Its subsidiary Airbus raised its target for gross orders in 2010 to more than 400 aircraft. For Eurocopter, the sales increase for 2010 should exceed 44 billion euros.The adjusted EBIT target is maintained at one billion euros despite negative currency effects that are cumulative outstanding in the first half.

Schneider Electric releases a turnover of 8.57 billion euros in the first half (+10.5%) of which 4.661 billion (+18.5%) in the second. The group expects an increase in organic revenue in the second half "broadly comparable" to that of the first half and is now an EBITA margin of around 15.5% before restructuring costs and the impact of consolidation of distribution areva , against 14% previously.

Renault posted a turnover increase of 23.1% for first half of 2010 to the same perimeter, to 19.668 billion euros.The manufacturer profitable again, the latter standing at 823 million euros over the period cons net loss of 2.712 billion euros a year earlier.

PPR announced a net profit after minority interests rose 86.8% to 407 million euros in the first half. The turnover was 8.139 billion euros, representing organic growth of 1.7%.

Imerys has reported a net operating income rose sharply to 122 million euros (161%) in the first half with a turnover of organic growth of 16%.

Michelin and Total must follow.

"The European Commission has decided to open formal antitrust investigations against IBM Corporation in two separate cases of alleged breaches of EU rules on abuse of dominant position in the market," said the EU executive in a statement.

"The two cases," she added, "are related to behavior of IBM in the market for central servers," which weighs, equipment and operating systems including about 8.5 billion worldwide, including three billion in the European Economic Area.

The central servers are powerful computers used by many large companies and government institutions in the world to store and process critical information.

The software manufacturers penalized

The first investigation follows complaints filed against IBM by two vendors say emulation technology, the U.S. in Q3 2009 and the French Hercules Turbo this year. According to these two companies, the software giant would link its central server hardware and its own operating system these servers.

IBM, by not allowing customers the freedom to use the systems of their choice on the equipment of their choice, would penalize manufacturers of software to improve performance on computers of other brands.

As to the second inquiry, the Commission stated that it was launched on its own initiative.Its services suspect indeed a "discriminatory conduct" IBM "vis-à-vis its competitors who provide maintenance services of central servers" fast payday loan no faxing."By restricting or delaying access to spare parts that IBM is the sole supplier, American society, Brussels is concerned, could foreclose its competitors from the market.

Two investigations "without merit" for IBM

The U.S. computer giant, IBM, Judge "without merit" the two investigations announced Monday by the European Commission for abusing its dominant position in the market for central servers, a market "for it was dead" until recently.

In a statement, IBM claims that "there are few, experts in high technology and IBM's competitors were pronounced dead at the central server market", and "many companies abandoned it or developing alternatives" .

Conversely, "IBM has taken a crucial decision: to invest billions of dollars" in this technology "to bring him an unprecedented level of speed, reliability and security for the enterprise market," the statement added. He continued: "Today, the central server market is a small niche in the highly competitive landscape of servers," he says.

IBM therefore accuses "some competitors who have not been able to earn their place on the market through investments" to want to do this using regulators. "The accusations against IBM TurboHercules and T3 are driven by some of the biggest competitors of IBM, led by Microsoft, (…) who want to emulate certain aspects of IBM mainframe servers without having to make substantial investments IBM has done and continues to do, "concludes the group. "They thus violate its intellectual property."

Rigor

The word is out. Against all odds and for the first time, François Fillon spoke of the "rigor" to describe the economic policy of France. Boasting to an audience of Japanese businessmen, austerity measures launched by Paris, the Prime Minister said: "In every state budgets, the only one who is not subject to discipline, that is the budget of Higher Education and Research. Until now, the executive refused to fully use the term "hardship" may be too unpopular with the French.The economy minister, Christine Lagarde, recently described the French policy of policy of "ri-lance, a neologism describing a mixture of" rigor "and" revival ".

France has pledged to save 100 billion euros by 2013 to reduce its deficit. For now, the government relies on its growth forecasts to find half the sum. Otherwise, the government plans to freeze spending between 2011 and 2013 to maintain transfers to local governments and only slightly increase health spending. The state should also remove the tax loopholes and create a new tax on the wealthiest to raise 3.7 billion euros.

In Japan, the country's debt is colossal. The International Monetary Fund press and the country to reduce its deficit.However, there are uncertainties about the government's austerity policy, weakened by his recent defeat in the Senate elections.

The euro and yen to each currency's problem

And the Prime Minister was not content to praise the austerity policy of France, he also invited Japanese investors not to "turn away from the euro payday loans. He also promised that the EU would emerge "stronger" of the economic and financial crisis. It must be said that the disallowance of Nippon contractors for the euro area is growing. Proof is the recent A japponais Nikkei business daily, the 30% decline in investment in the euro countries during the first half of 2010. The concerns of the market seem to disappear on the Old Continent.The success of recent debt issuance in the euro area and witnessed the rise of the euro against the greenback, which is currently processing over $ 1.29.

In contrast to the euro, the yen continues to strengthen against the greenback. It operates at its highest level this year against the dollar, to 87.3 yen against the dollar.

Mitsubishi and Areva

At the industrial level, Prime Minister Francois Fillon said France was "open" to the entry of Japanese conglomerate Mitsubishi Heavy Industries (MHI) in the capital of nuclear group Areva. The Prime Minister has expressed his desire to "see strengthened the association between Areva and Mitsubishi for the particular realization of a new reactor, the reactor TTY. MHI and Areva have forged various partnerships, including establishing a joint venture, TDD, a developer of nuclear reactors of medium power.

Mitsubishi Heavy Industries does not hide its ambition to grow the European market nuclear pressurized water reactors. Nuclear is not the only area in France to attract companies Nippon. In 2008, France has 450 Japanese companies employing nearly 57,000 people.

Patrick de Carolis, the outgoing president, had promised to let a house to the square. Despite his best efforts, it is far from having completed the reorganization of France Televisions over the past two years.

Pflimlin Remy, who succeeded him on Aug. 23, has no time to lose as many sensitive issues lie ahead. The new CEO will have to pay, by the fall, the problem of financing of France Televisions. The law provides that advertising screens on the same day of the public channels is halted in November 2011. But many UMP deputies, led by Jean-Francois Cope, argue instead for continued advertising. This would prevent the State to provide 350 million euros in compensation payday loan.In the coming weeks, the new president must deal with these parliamentarians, the President of the Republic who do not wish to give up too quickly for his original project and the competing private channels which require that the law is enforced. If the new CEO gets to keep advertising during the day, it preserves a certain financial autonomy and be less subject to the vagaries of state budget. But behind the advertising file, it opens the privatization of France Televisions governed Advertising. He must choose between following Patrick de Carolis and bury the project, or restart the privatization process.

THE SOCIAL

"This measure is maintained" said the mayor of Troyes. "If it must be questioned, the debate will take place during the next presidential election," he added.

10 billion savings

It must be said that the budget minister no longer had much choice. Tuesday morning, his minister, Christine Lagarde, had hammered on RMC and BFM-TV that the reduction in tax loopholes would not affect the VAT at 5.5% of restaurant owners.Baroin will have to find other niches planing to recover 10 billion euros economy expected by 2013. The minister on Wednesday gave few tracks a bit fuzzy.

Besides the movement of the plane 10% on tax loopholes previously announced, it confirms the non-replacement of 100,000 civil service posts (3 billion savings), reduced operating costs (2000000000), the reduction of lifestyle State … Baroin explains that this is the second round of general revision of public policies.The first, launched in late 2007 as it would have to generate 7 billion euros.

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The Head of State has decided on during a meeting just one hour with Prime Minister François Fillon and Labour Minister, Eric Woerth, in charge of the pension. This choice seems to reflect a message of reform on the horizon is "only" set at 2020, while the government did not exclude at the outset to give purpose to sustain the pension until 2030. But energetic measures will be implemented to ensure that indeed the financial balance before.It will then be possible to consider a further postponement of the age, the hardest doubtless having been made by blowing up the taboo of 60 years.

Tax rate raised to the "easier"

Nicolas Sarkozy has also officiated the form that would take the contribution of the "easier" to reform: a contribution equivalent to 1% additional tax on income for households at the upper end, whose marginal rate is 40 % (about 342,000 tax households affected, reporting more than 69,783 euros per share). The 1% levy will not be entitled to refund under the tax shield if it results in a total tax (income tax + local + tax + social security contributions … TFR) of over 50% of income.In addition, the withholding tax on capital gains from securities sales will be increased, perhaps around 1%.

A source familiar with the matter said last that the rate of salary pension contribution (7.85%) would be raised gradually to all staff to reach gradually the private sector employees (10.55%). In addition, prospective employees may have their pensions calculated on the best 25-year career, instead of six months. These elements were however not confirmed in the late evening.

A bill to be finalized by Friday midnight

These measures, which will be officially unveiled this morning, will now be subject to the unions and employers. The government gave two days to possibly drop a little ground, then he will write the final version of his bill before Friday midnight.The text should indeed be forwarded before the deadline for authorities to be consulted (Councils of the three public, boards of directors of social security funds). Otherwise, the whole of his schedule to be called into question: the text could then be presented to the Cabinet on July 13 and is discussed in committee in the Assembly during the week of July 19, before arriving in the Chamber in September.

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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.

To penetrate this mystery to date, the judges were interested in changing the membership of the Compensation Committee of Vinci in May 2004. Indeed, it is this committee that changed the method of calculating the salary of the big boss."It was good to renew the committee because some members like Alain Minc were benefits to Vinci, which deprived them of a form of independence," said Antoine Zacharias. A demonstration unassailable except that Zacharias had still left Alain Minc continue to serve on the board of the world leader in construction as the conflict of interest was the same.

Another element that is the problem, the consulting firm Towers Perrin had been consulted by the compensation committee on whether to remove ceilings on wages of Zacharias. He said it was negative, citing "inflation risks." But his advice was not followed or even communicated to the Board of Directors has decided to enforce rules that made Zacharias the highest paid boss of France.

On Wednesday, the U.S. federal government announced after the close of Wall Street have posted a record budget deficit of 220.909 billion dollars in February, its seventeenth consecutive month in red.

Oil prices have ended almost stable Thursday in New York, a barrel is now just over 82 dollars in a market that struggled to stay on top of the range of prices for several weeks.

The Chinese inflation and employment were quickly forgotten

The downward trend in Thursday's early trading was due to the Chinese inflation, which fortementaugment?. The index of consumer prices in China rose 2.7% yoy in February, bringing its rise since the beginning of the year at 2.1%.But to avoid a runaway, Beijing has already begun to tighten credit flowing.

Moreover, the decrease in the number of newly unemployed has proved somewhat less than expected last week, with 462,000 new registrations cons estimated 460,000.

The trade deficit the U.S. has in turn reduced in January. "Imports are growing at a slower pace than exports, reflecting a potentially slower economic activity," commented analysts at Briefing.com.

The rest of the week market in the United States will be under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.

General Motors will pay $ 8 billion

Thus, only large-cap U.S. stock market that brought the index to rise Thursday.On the Dow, only 6 values are listed in red.

Soaring, IBM climbed 1.57%, to 127.6 million. Microsoft has issued 0.752% to 29.2 million.

The banking stocks, especially regional, have supported the trend. Several banking executives gathered at a conference organized by Citi. Citigroup rose 5.56% to 4.18%. In total, since the beginning of the week, bank shares have surged by 18%!

On Thursday, the British oil company BP announced it would buy in the U.S. Devon Energy (0.46%, to 72.02 dollars) of assets for seven billion dollars in Brazil, Azerbaijan and in U.S. waters Gulf of Mexico.

General Motors will pay about $ 8 billion in the United States and Canada by June, ahead of schedule.The group observed a recovery in profitability faster than expected according to its director general.

Google (0.81% to 581.13 U.S. dollars) has already enjoyed a presentation by Cisco (0.34%, to 25.96 dollars) in its new router, it will provide increased flows to households, a key element for the activity distribution of video on the web from Google.

McDonald's announced earlier this week that its worldwide sales rose 4.8% in February with a jump of 10.5% in Asia, has seen its shares rise 0.37% to 65.18 dollars.