Daily International Headlines

The CAC 40 was at a standstill on Monday in the Paris Bourse. On Monday of Pentecost, the absence of much investors account for a sluggish market, with only 1.8 billion traded. At closing, the CAC 40 gained 0.07% at 3807.61 points.

Same hesitation on other European markets, the DAX index of the Frankfurt Stock Exchange edged down 0.22% at 7085.14 points, while the FTSE-100 Square London rose 0.13% in 5773 , 46 points.

In this day of solidarity in which the majority of employees stay home, the absence of major market operators does not help to draw a clear trend. Especially as the business side, no publication was expected. Ditto on the macroeconomic front. The markets are still awaiting a convincing answer to the Greek situation, before returning to a sustainable uptrend.

These same concerns also continue to weigh on the European currency. Side currency, the euro lost indeed some ground against the dollar Monday in a market without much direction, and still hanging on the progress of discussions between EU leaders. They are still struggling to find agreement on how to continue to provide financial assistance to Greece. Around 11:10 in Paris, the European single currency was worth 1.4336 dollars against 1.4348 dollars on Friday night after coming close last Monday the threshold of $ 1.47 for the first time in a month.

Same side of the volatility of oil prices in a market torn between the prospects of increased production by Saudi Arabia and the maintenance of quotas decided by OPEC. In morning trading, a barrel of light sweet crude for July delivery lost 9 cents 99.20 dollars.That of Brent North Sea crude for delivery gained 13 cents to equal 118.91 dollars.

As for values ​​to follow

Altran (-2%, to 5.14 euros)

Yves de Chaisemartin lost Friday the group's management, the Board of Directors of the technology consulting company has designated Philip Hall to replace him.

Air France – KLM (+0.28% to 10.59 euros)

The airline's traffic in the Paris airports Roissy and Orly airports may be disrupted on Monday due to a strike notice filed by a union of mechanics on the ground, have we learned from the company.

Peugeot lead the CAC40 (1.66%, to 27.91 euros), according to a note from Citigroup

The title of the automaker is at the top of the charts of ACC 40, supported by a positive note from Citigroup, which goes from neutral to buy.The broker believes that the U.S. product mix and diversification of Peugeot should be reflected in investors' perception of the title.

The rest of the automotive sector is, however, the penalty, hit by fears of recession in Europe, says one analyst, while stressing that the current valuations of most groups are below their historical levels. Renault (-2.40%, to 35.52 euros) shows the largest decrease in the CAC 40 in front Michelin (-0.96% at 62.71 euros). Outside the CAC 40, yields 2.1% Valeo, to 41.42 euros.

LVMH (+0.48% at 115.35 euros)

Sephora, the cosmetics distribution subsidiary of luxury group, said to have strengthened his hand in the round of Corsica in Russia, becoming the majority shareholder in nearly three years after joining the company's capital .

EDF (+0.19% at 26.73 euros)

NPP Bugey in Ain, had to reduce its production by 10-15% in late May and early June due to increased water temperatures of the Rhone, an effect of the heat wave spring.

Eutelsat Communications (-0.83% to 30.39 euros)

San Marino RTV has selected two Eutelsat satellites to broadcast its programs through Italy and Europe as of June 13

EADS (+0.02% at 21.12 euros)

Airbus chief says EADS, parent company of Airbus, would be protected against hostile takeover bids but, to this end, it was not essential that Germany be a shareholder in the group.

Carrefour (0.45%, to 29.30 euros)

The management of the distribution group said Sunday, a day after a protest movement, have made a major effort for employees of Carrefour Market stores in terms of purchasing power.

Investors are seeing all the colors in the Paris Bourse. The Cac 40 alternates from the beginning of the week with clockwork regularity sessions in bright red and dark green. His rise on Thursday and leaves room for a dull meeting this Friday. The Cac 40 was down 0.21% to 3870.65 points in mid-session.

Industrial production fell short of expectations

On the macroeconomic front, industrial production fell 0.3% in April due to lower energy production, according to statistics released Friday by the INSEE. The consensus of analysts forecast an average increase of 0.4%.

In the U.S., prices for imports and exports will be announced at 12:30. The fiscal deficit of the federal government should come out to $ 140 billion.The official figure will be presented to 18 hours.

Yesterday, the president of the European Central Bank, Jean-Claude Trichet, has confirmed that a veiled rate hike will go ahead in Europe in July.

In China, exports in May reached a record $ 157 billion, an increase of 19.4% monthly, but the strong recovery in imports (+28.4% to 144.11 billion dollars) in the same time ultimately does a moderate growth of the Chinese trade surplus.It came out at 13.05 billion dollars, up from its April level (11.4 billion dollars), but an amount well below analysts' expectations, which projected $ 18.6 billion .

For the first time in five weeks, listed in London Brent oil exceeds $ 120 a barrel supported by the U.S. trade deficit lower than expected and the lack of a decision by OPEC on production.

The small increase in banking sector

Vivendi: -0.11% to 18.92 euros

The media group Vivendi and Telecommunications announced Friday it had obtained clearance from the European Commission to buy the 44% stake in Vodafone phone operator SFR, that winking in years.

Altran: -0.2% to 5.2850 euros

The CEO of Altran Friday defended his record before the shareholders of technology consulting at a general meeting crucial to keeping him at the head of the group. Yves de Chaisemartin is engaged in a standoff with the largest shareholder of the company, Altrafin Holdings, claiming his departure. Remains whether the CEO's arguments convince shareholders.

Credit Agricole + 0.74% to 10.27 euros

Credit Agricole and the Chinese investment bank Citic Securities announced their merger in brokerage shares in a transaction that will become a shareholder of CITIC Cheuvreux and CLSA to 19.9%.

The Wall Street Journal reported this morning that Spain's Santander missed his bond last week, not being able to raise only half a billion euros that it intended to collect.Evidence of investors' doubts.

However, banking stocks continued their rebound yesterday. In mid-session advance BNP Paribas 0.97% to 52.86 euros, Societe Generale of 0.36% to 39.99 euros and Natixis 0.65% to 3.54 euros.

Peugeot: -1.43% to EUR 28

The Minister of Industry, Eric Besson said he was "reassured" by the boss of PSA Peugeot Citroen, Philippe Varin, following their meeting on the future of industrial sites Aulnay-sous-Bois ( Seine-Saint-Denis) and Sevelnord (North).

Suez Environment: -0.35% to 14.24 euros

The subsidiary of Suez Environnement, Lyonnaise des Eaux, delegate to the historic water management in Bordeaux, could lose its largest contract French, according to Les Echos.The urban community has decided to switch to a management board by 2018.

Arkema: -2.43% to 71.95 euros

The chemist accused one of the largest declines in the SBF 120 on Friday after Nomura cut its rating on the title to buy to neutral with a target price maintained at 90 euros.

STMicroelectronics: -1.24% to 7.16 euros

Credit Suisse has provided 356.8 million dollars (about 246 million euros) in cash to STMicroelectronics, ending the dispute that divides the two groups since August 2008 on investments in bonds ARS (auction rate securities), announced Thursday manufacturer of semiconductors.

Hermes: -3.67% to 184.90 euros

Hermes will follow. LVMH reiterated that they have no intention of launching a takeover bid for Hermes, and reacting to news reports in the sense that boosted under the saddle of luxury.Three family members Hermes and companies belonging to them were also conducted in late May and early June in an internal reclassification of shares through a series of disposals, acquisitions and exchanges of shares to 130 euros unit, according to statements recorded on the AMF website.

Bolloré: + 0.38% to 173.40 euros

Vincent Bollore, a shareholder of Aegis, said on Thursday approved the discussions by the British agency for media buying with French Ipsos for the sale of its market research.

Novagali: -1.54% to 3.56 euros

Novagali specialist ophthalmic products, has signed an exclusive agreement with the company Ardeo Health for distribution to its formula Nova23041 for the treatment of symptoms of dry eye, the United States and Canada.

"QUIZ Estimate the Cac 40 in late June

Maurice Lévy, chief executive of Publicis Groupe, has a comfortable time to find his successor as head of world number three communication. Thus decided on Tuesday its shareholders in general meeting, with the blessing of the President of the Supervisory Board, Elisabeth Badinter, the first shareholder with 10.5% of the capital and 17.2% of voting rights. The age limit for board members was increased to 75 years against 70 years ago.The mandate of Maurice Levy, 69, was stopped late 2011.

In a statement, Publicis Groupe justify this choice, beyond the managerial issues, indicating that Maurice Levy "can continue to guide the group in the revolution that shook the world of communication, including the rise of digital and Emerging Markets. "

He joined Publicis in 29 years, CEO since 1975 and CEO since 1987, Maurice Levy is undisputed artisan of the internationalization of the advertising group and registration, before its competitors in the digital age. The successive acquisitions of the two largest interactive agencies in the world, Razorfish and Digitas in 2006 in 2009, have accelerated the molting of Publicis, which now claims leadership in digital communications (28.2% of Group revenue in the first quarter 2011)."We're way ahead of our competitors," Maurice Levy repeats. His group has also recently illustrated by holding the end of May in Paris, the first eG8, visit the worldwide web of tenors.

Jean-Yves Naouri prospective

The offensive Publicis very proactive in digital has enabled the group to outperform its peers in 2010, with organic growth of 8 No teletrack payday loans.3% – when the world's leading WPP posted 5.3% and number two, Omnicom, 6, 4% – a record profit of 526 million euros (+30.5%) and a turnover of 5.4 billion (+19.8%). The group's financial position (106 million euros in cash and a positive end-2010 debt reasonable) allows him, moreover, continued serenely its strategy of targeted acquisitions in the digital sector and emerging countries, including Brazil and China .Last month, the group acquired the Rosetta for a U.S. $ 575 million.

Asked yesterday about future developments, Maurice Levy has ruled out a bid to redeem his group Synovate, the market research subsidiary of Britain's Aegis and Publicis said was however very soon announce the result of "some projects" under discussion in China that will provide "fairly significant changes." Publicis wants to make its second largest market after the United States. On his estate, which he did not directly question yesterday, Maurice Levy has already given indications. In late March, he appointed Jean-Yves Naouri, his closest associate and CEO of Publicis Group, the Executive Chairman of Publicis Worldwide, the leading advertising agency network of the group next to Leo Burnett and Saatchi & Saatchi.Maurice Levy few years to confirm it or not, his status as heir apparent.

It is the most awaited event in the world of telecoms. Eric Besson, Minister of Industry, gave the kick-off bid for the frequencies of mobile next-generation 4G. This technology can surf on their mobile phone with a throughput of 100 megabits, which is identical to that of the fixed Internet. For telecom and Internet, the challenge is simple: one billion Internet users around the world surfed the fixed Internet. The second billion will surf the mobile Internet. In France, smartphones already represent more than half of new phones sold in 2012 and it will be almost full. But the passage of a standard mobile to a smartphone is not neutral: it consumes ten times more mobile capabilities than its predecessor.When the majority of French people to watch video or will be connected on Facebook, mobile networks may be saturated.

Hence the strategic importance of the frequencies that will be sold by the state. Conscious of being in a position of strength, the government imposes its conditions. They are draconian. Operators must commit to cover 99.6% of the population in fifteen years. And 90% of the population of each department will be covered in twelve years. For the state, no question of allowing operators to focus on highly populated areas and therefore very profitable fast payday loan.

The "frequency of Gold '

Second show of force, the state has set a minimum price of 2.5 billion euros for the frequencies, ie 500 million euros more than expected. "There is no question of selling off this spectrum," said Eric Besson. This reserve price takes account of specific frequencies.The four lots on the right frequency (800 MHz) will be awarded for a minimum price of 1.8 billion, while 15 lots on the less good (2.6 GHz) are reserve price of 700 million euros. This differential is the price to be paid by telecoms to seize the "frequencies or" so far reserved for media. Finally, the Ministry of Industry has built its tender so that the largest operator, Orange, can not win all the best lots and small operators also have their chance. The goal is that Free can join the dance, as well as mobile virtual network operators (MVNOs), individually or grouped in a consortium.

At that time, new industrial and financial players could make their entry as Bouygues did with GSM in the mid-1990s. In December 2011, there could be five mobile operators currently three cons.A revolution!

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The terms of the premium paid to employees of companies that make profits are becoming clearer. While Nicolas Sarkozy has decided yesterday to make the payment of the premium required for companies with over 50 employees who show up dividends, Christine Lagarde said this morning on RTL microphone that "the law must be passed before the end of the year. " The economy minister, who had initially declared against a premium binding, when this measure was only in draft form carried by Baroin, then again seized of the matter, for details of the operation.

The tenant Bercy first recall that the payment of this bonus is only mandatory for companies with over 50 employees who "pay dividends above the previous year. And Minister of Economy emphasizes that "the regime of the premium will be the same as participation."There will be exempt from social security within a ceiling to define, but subject to the CSG and the CRDS and the social package. 8% of payroll taxes.

Negotiations between employees and employer

The Minister also pointed out that if "the opening of negotiations is required, the amount, timing and mode of payment of the premium" to be determined between the employer and employees. " The minister added that she knows that this year, implementation of the measure involves "the reopening of negotiations" as most companies have already completed their mandatory annual negotiations. And in the absence of negotiations, the entrepreneur must decide. "It takes two to tango," quips Christine Lagarde.

There remains the issue of businesses with fewer than 50 employees "who represent the vast majority of French companies," said the minister.Christine Lagarde said that "the system will be identical except that it will be optional. And the minister is confident about the fact that entrepreneurs play the game, despite the voluntary nature of the measure. The Minister considers that the exemption of charges is "a measure to the incentive for businesses." Minister defends finally create a new tax shelter, saying that "it is a social niche, not a tax shelter."

Baroin want the device to be operational this year

For its part, the French Budget Minister and government spokesman Baroin said the decrees implementing the law on bonuses to employees would be published in July so that the device is "operational" this year.

Shortly after this announcement, Francois Chereque expressed his hostility.The secretary general of the CFDT called today "error" the principle of a mandatory premium in large firms, saying it would "divide the employees, limiting wage increases, while a" gift "to employers.

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After Ireland and Portugal, Iceland could be the third country to experience a major diplomatic or political crisis, directly resulting from the economic and financial crisis of 2007 and 2008. On Saturday, some 230,000 Icelanders go to the polls have indeed voted in a referendum against the agreement Icesave, the name of the online banking subsidiary of Landsbanski, the second Icelandic bank nationalized in 2008 after going bankrupt.

Since March 6, 2010, the date of an initial consultation, the question arose on the repayment to Great Britain and the Netherlands of compensation paid at the time of their nationals Icesave victims (about 340,000 savers). Totaling over $ 3.9 billion. A financial burden that Icelanders have refused to take in view of the first results of the referendum held Saturday, April 9.

"No problem to solve our debts"

According to figures virtually definitive, non prevail widely, with 59.1% of the vote, against 40.9% of voters in favor of yes. Certainly, the rejection is much less massive than a year ago, Icelanders have been 92% to vote against the assumption by the State for damages caused by international private banks. However, the consequences seem equally or even more complicated for the government in place since 2008. Iceland had indeed engaged in December last year to repay the Netherlands and Great Britain, all amounts advanced to their injured citizens.To plan would run from 2016 to 2046.

Already, even before the final election results, the Dutch Minister of Finance Kees Jan De Jager said he was "very disappointed" by the decision of the Icelandic people do not accept the agreement between the three countries to try to resolve a situation that has become almost inextricable. For British and Dutch side, no question that the matter ends there, whereas the two countries now that the litigation must be brought to justice.

In London and The Hague, the respective Ministers of Finance are studying the possibility of litigation to settle the case before the EFTA (European Free Trade Association). A first procedure had already been initiated by the Netherlands to that authority, then stopped to allow the three countries to negotiate the terms directly agreed.With the refusal of the Icelandic people Saturday "the negotiation stage is over" said Niels Redeker, spokesman for the Dutch Ministry of Finance. He thus echoes the English Treasury number two, Danny Alexander, who considers "disappointing" that the negotiated settlement with Iceland is either resulted in a release.

"No problem to solve our debts"

Therefore, the EFTA will resume in the coming weeks the record in hand. And Iceland may be worried because the authority was already acknowledged in 2010 that the amounts claimed by the Netherlands to Iceland and they were well due. The arrival of the United Kingdom in the proceedings, which examined the possibilities Sunday "to join it" could further complicate the task of the Icelandic government.Because if it believes it has "no problem to pay its debts" in the words of Steingrimur Sigfusson, his Finance Minister, is it always that the Icelanders are still refusing to pay the slate of private banks. More for foreign citizens. Therefore politically difficult to Reykjavik to meet its promises after two resounding rejection of his countrymen.

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Green remained in the game this Friday. At the close, the CAC 40 gained 0.63% to 3810.22 points and has recrossed the threshold of 3800 points, dropped Tuesday. For the week, the benchmark index of the Paris Bourse has still lost 3% (-3.02% exactly).

Elsewhere in Europe, the same movement today: the DAX index of the Frankfurt Stock Exchange took 0.11% to 6664.40 points, while the London Stock Exchange rose by 0.39% to 5718.13 points. Over the last five sessions, they gave respectively 4.32% and 1.88%.

This general relief at the weekend followed the decision of G7 finance ministers to intervene to halt the yen. They announced their decision to conduct a joint intervention on foreign exchange markets in response to the steep appreciation of the yen in recent days.The yen hit on Wednesday its highest level since the Second World War!

Hand disorders in the Arab world, Libya announced a cease-fire while the UN was prepared to launch a military intervention. The Libyan withdrawal had a calming effect on oil pressure. The black gold is still beyond 100 dollars a barrel in New York.

No increase in Fukushima

Finally, operators learn with relief that the Japanese nuclear situation has not deteriorated. As pointed out by the IAEA, the situation remains worrisome in the Fukushima plant, but it has not worsened since Wednesday.

On the currency markets, the euro continues to gain momentum against the dollar: the currency was trading at about 17.30 1.4164 (1.05%).

Side indicators, the day was relatively calm.The producer prices rose 0.7% in February in Germany, a figure slightly higher than expected which feeds the fears of accelerating inflation in the first euro zone economy. According to figures released Friday by the Federal Office of Statistics, the annual increase stood at 6.4% after 5.7% in January.

Notice also that the euro area recorded a trade deficit in January increased over the same month a year ago and higher than expected, Eurostat said Friday.The trade balance for the euro area showed a deficit unadjusted 14.8 billion euros in January, following a deficit of 0.5 billion euros in December 2010 and a deficit of 9.7 billion euros January 2010.

Lafarge viewfinder S & P

Lafarge: + 0.85% to 41.41 euros

The rating agency S & P lowered its rating on the cement to "BB + / B 'with stable outlook.

NicOx: + 8.01% to 2.35 euros

NicOx signed a license agreement with Ferrer for Spain naproxcinod (cons osteoarthritis drug), which remains subject to approval in Europe of treatment. To date, naproxcinod has been authorized in any market.After watching this Retoque treatment by U.S. health authorities (FDA) last summer, NicOx announced its intention to seek licensing agreements in Europe and the world

EADS: + 0.92% to 19.24 euros

Airbus was the first indicted Thursday for manslaughter in connection with the investigation into the crash of Flight 447, Rio Paris, which had been 228 casualties on 1 June 2009. In addition, the helicopter manufacturer Eurocopter has announced yesterday the construction of a new plant in Mexico to an investment of $ 550 million (390 million).

Societe Generale: + 2.18% to 46.43 euros, Crédit Agricole: -0.53% to 11.22 euros, BNP Paribas 0.48% to 52 euros

Banks react little to assumptions for new tests of resistance in European banks, unveiled by the European banking supervisor.The new criteria are nevertheless considered "more severe" than in the previous year which had been criticized for its laxity.However, contrary to what she had planned earlier this month, the European supervision of banks (EBA) has not published the list of establishments that would be subjected to these tests.

Renault: 1.52% to 38.14 euros

Thursday, after an interview with Carlos Ghosn, CEO of the automotive group, Christine Lagarde, Minister of Economy and Eric Besson, Minister of Industry, reiterated a "thorough audit" had been requested on this matter " to identify the origin of recently observed failures within the company. "

NRJ Group: 4.02% to 7.50 euros

The group reported a turnover up 4.1% to 343.6 million euros, while net income group share was increased fourfold to $ 32.3 million euros.

Sodexo: -0.60% to 48.14 euros

Its U.S. subsidiary has filed a complaint Thursday against a civil union Service Employees International Union (SEIU) which it accuses of illegal practices concerning unionization of employees.

NYSE Euronext: -2.31% to 24.92 euros

The proposed takeover of cons-Nasdaq OMX Group is facing a dispute with his partner approached, the IntercontinentalExchange, the Wall Street Journal reported on its website Thursday.

Total: -0.07% to 40.76 euros

Total Petrochemicals is putting into operation a new unit of 50,000 barrels per day refinery in Port Arthur, Texas, said a spokeswoman on Thursday.

Archos: -4.81% to 7.52 euros

The group hopes to double its sales in 2011 and return to profit by betting on the booming market of touch pads, but warned that the Japanese disaster may have affected his production, "said CEO and founder Crohas.

The Department of Housing spoke of the last week, the government will tackle rising rents by taxing the owners too greedy. The subject is delicate. For the Department working on the issue for several weeks, the task is to "correct the excesses without falling into a overregulated. No straitjacket general, therefore, the Secretary of State for Housing, Benoist Appeared, having said all the evil he thought the proposal from the left to frame the evolution of all rents.

Measures in 2012

The owners of rooms are in good contrast in the crosshairs. "Some landlords ask for more than 90 euros per square meter, or 900 euros for a maid's room of 10 square meters equipped with only a water point. "It's totally unfair," he said Thursday Benoist Found in a telephone interview with AFP.To end this situation, it means taxing rents above 40 euros per square meter for areas less than or equal to 13 square meters.

In Paris, the average rental price per square meter is estimated at 23 euros. For large areas – 100 m2 – the average price is around 17 euros per square meter, and he explodes for microhousings, reaching 40 euros on average. "40 euros, it still remains high, but we must find a balance, to prevent the owners meet the maid's rooms into an apartment," argued the Secretary of State freecreditscore.In Paris, there is a strong demand for small housing type maid's room, including from students and people with low incomes, and further more good bedrooms apartment rental stock reduces available.

The provision should be included in the next budget law, the one for 2012.

Price Transparency

In another interview with the newspaper Liberation, and intervention on France 2, Benoist Appeared also said the government would consider sanctions for not complying rented by the Loi Carrez. This law requires the lessor to meter housing. For now the text does, however, no penalty."We will fix it," says the minister who wants a student who rented a 10 square meters to claim a rent reduction if it finds the Carrez surface is only 9 square meters.

Moreover, to improve price transparency in the rental market, the Minister announced the forthcoming launch of an online website on rents "neighborhood by neighborhood" in Ile-de-France, to give "elements negotiations "with people seeking shelter against a greedy owner.

(With AFP)

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The mood is again dismal Monday in the New York Stock Exchange. The increase in U.S. indices will not last long. Wall Street is ironed into the red in late afternoon. The Dow Jones lost 0.89% at 12,062 points, the Nasdaq was down 1.92% to 2731 points and the S & P 500 loose 1.08% to 1307 points. Friday, despite the release of employment figures better than expected, the NYSE has closed down, hit by a new surge in oil prices.

The main concern of investors are the oil. After jumping more than 20% in two weeks, prices of black gold continued to soar on Monday at the opening in New York, prancing to levels not seen since September 2008 face new battles in Libya. "This week is frightening that opens to the oil market," said Phil Flynn of PFG Best.The risk is high with respect to the offer, and what the market tells us clearly is that he does not think the situation will be resolved quickly, "he added.

To 15.10 on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for April delivery traded at 105.83 dollars, up $ 1.41 from Friday. In London, the Intercontinental Exchange, a barrel of Brent North Sea outdid themselves with identical maturity of 1.27 dollars to 117.24 dollars, approaching its peak of 24 February (119.24 dollars).

Return of the sovereign debt crisis in Europe

Other bad news the sovereign debt crisis in Europe back on the front of the stage.The rating agency Moody's Investors Service has announced that Monday it had lowered the sovereign rating three notches to Greece, Ba1 to B1 cons before, and warned it could further reduce it, due to continuing economic difficulties and risk of default.

On the foreign exchange market, the euro's rebound accentuated. The single currency continued to be driven by expectations of an early recovery of the interest rate in the eurozone. In early afternoon in Paris, the euro bought 1.3999 dollars against 1.3979 on Friday night

On the macroeconomic front, this week promises to be loaded in less economic publication.United States, the week will be placed under the sign of the American consumer with the release of consumer credit for January today, retail sales in February Friday and the preliminary results of the survey by the University Michigan, which is just the beginning of March. For specialists Aurel BGC, "retail sales for the month of February should show up strongly in the light of increased sales in the retail sector and the rebound in new car sales over the period.

Sanofi-Aventis: 0.39% to 35.68 dollars Genzyme: 0.07% to 75.70 dollars

The side of values, Sanofi-Aventis announced this morning that it had extended the offer for all the outstanding shares of Genzyme, for 74 dollars each and a certificate of conditional value (CCV) per share. This offer ends on April 1, cons on March 16.There are approximately 1.1 million shares, representing 0.41% of capital in this offer. Sanofi-Aventis has announced in mid-February to have purchased the American Genzyme for more than 20 billion dollars.

Citigroup: 0.55% to 4.57 dollars, Goldman Sachs: -0.16% to 160.75 dollars

Citigroup and Goldman Sachs have been affected by deterioration in Friday's recommendations by an analyst.Moreover, according to the Wall Street Journal, Lloyd Blankfein, the executive director of Goldman Sachs, have agreed to testify in the trial for insider trading against Raj Rajaratnam, founder of the investment fund Galleon.

Kraft Foods: -0.25% to 31.50 dollars

After the close of Wall Street on Friday, Kraft Foods announced that they qualify for an SEC investigation regarding a possible bribery case involving the Indian subsidiary of Cadbury.

AIG: 0.21% to 37.47 dollars

Commission oversight of Taiwanese financial services announced this weekend it will take a decision on the sale of the insurer by American Nan Shan AIG in the first half of 2011.

Nasdaq OMX Group: 1.36% to 28.40 dollars

Also note, the Sunday Times, the London Stock Exchange may consider an IPO on Nasdaq OMX Group.

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The Irish vote is also a warning to Europe. By giving more than 36% of the votes of the opposition Fine Gael in parliamentary elections on Friday, voters clearly endorsed the government that had negotiated the bailout with the EU and the IMF. The ruling party had won just over 17% of the votes. The future prime minister, Enda Kenny, has already announced he intends to immediately renegotiate the terms "punitive" of the device. For Europeans, the case falls ill while looming in March, a marathon of negotiations critical to the future of the euro area.

"We will act on it next week," promised Enda Kenny, who considers "bad for Ireland and for Europe" the bailout of 85 billion euros signed in late November. The future prime minister wants to broach the subject on Friday in Helsinki at a meeting of conservative leaders of the EU.With two requests: to lower the rates "punitive" loan, fixed at 5.8% and involving banks, making them bear a larger share of losses.

European side, the rhetoric still print campaign promises was greeted with caution. "The Commission will continue to support Ireland" in the implementation of its austerity program, "which is essential" to the country's economy, said Sunday the spokesman on economic issues, Amadeu Altafaj. Before the elections, Brussels had suggested that there might be a little leeway for adjustments after 2011.A lower interest rate can not be excluded, but Dublin will probably make concessions on its corporate tax rate, seen as fiscal dumping elsewhere in Europe.

Fears for the other weak links

The Irish case puts the euro area in front of his responsibilities on the eve of a series of summits that bring together Heads of State and Government (11 and 24 March) and Finance Ministers (14 and probably 21 March) . It is to decide on remedies for the debt crisis, first by raising the ceiling of the Rescue Fund (FESF) to assist countries in serious financial difficulties, and partly by tightening governance . Germany has much to impose his views on fiscal discipline.But his range of proposals, unveiled a month ago, was recently welcomed by its partners.

This bodes ill for the magnitude of the final result, even though the euro area sees risks reappear after a brief lull. Between record high oil prices and market concerns, Portugal was in the front line. The fear of another recession pushed its lending rates to astronomical levels (7.579% Friday, a record since the country's entry into the euro area). Investors are already convinced that Lisbon will shortly call on European rescue mechanism – such as Ireland and Greece before him.A perspective that revives fears for the other weak links in the eurozone, Spain in mind.

On Wednesday, the Portuguese Prime Minister Jose Socrates, will be received by Angela Merkel in Berlin to discuss the support fund – and how countries' having problems with their sovereign debt, such as Portugal "could best use of the devices financial assistance.

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