A Alelmand on two rather see Nicolas Sarkozy won the presidential election, a four qur Francois Hollande. Others do not care.
A German on two rather see Nicolas Sarkozy won the French presidential election and 55% of Germans support the policy of fiscal austerity Angela Merkel, according to a poll published Friday. According to the survey published in the German daily Die Welt, the German answer to 50% "Sarkozy" to the question: "What French President, the German perspective, would be the best choice?".
Of those polled, only 24% cite Francois Hollande. Other (26%) do not know or are not interested in the subject. When asked what they think the appropriate policy in this time of crisis for the euro: "maintain a policy of fiscal austerity or launch programs for growth," 55% of respondents advocate rigor advocated by Chancellor Angela Merkel . Only 33% say they prefer growth programs.
The survey was conducted among a representative sample of 1,004 people between April 30 and May 1.
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Bank of Japan announced Friday a further easing of monetary policy, pledging one hand to increase its program of asset purchases of 10,000 billion yen (94 billion euros) and secondly to acquire government bonds of longer maturities.
Despite signs of growing a resumed third largest economy, Japan's central bank and takes measures to support activity for the second time in just over two months and displays its determination to fight against the phenomenon of deflation beating down the country for over ten years.
Economists had expected an increase in the program of asset purchases two times lower. The BoJ has also surprised by announcing that it would expand its purchases of riskier assets such as Exchange Traded Funds and REITs.
"The BoJ has a bit more than what we expected, then its decision is a surprise" said Masamichi Adachi, senior economist at JPMorgan Securities.
"The bank is trying to get the message that it supports the market and economic recovery, as it did in February. This is a step in the right direction and we believe that the BoJ should do more to encourage the economy. "
The BoJ's decision, taken unanimously, carries its asset purchase program to 40,000 billion yen. The rate remains unchanged in a range of zero to 0.1%.
Immediately after the decision of the BoJ, the yen fell against the dollar. He was subsequently erased its losses and, to 6:40 GMT, gaining more than 0.3% against the greenback and the euro.
The BoJ has estimated that it would not "too long" to reach its inflation target of 1%, which could dampen expectations of further aggressive monetary easing measures.
It also found more and more evident that the third world economy was on the road to recovery. A series of indicators released Friday abounded in his direction.
Japan's industrial production rose 1.0% in March, posting its largest gain in three months in favor of a stabilizing external demand and the reconstruction of areas hit the country ; es by the earthquake and tsunami a year ago.
Also in March, retail sales jumped 10.3% year on year, against a 9.8% increase expected by analysts, while household expenditure increased by 3 4% in real terms, after growing 2.3% in February.
The unemployment rate meanwhile remained steady last month at 4.5%.
Russia plans to give the International Monetary Fund (IMF) additional resources of over ten billion dollars but the exact amount will be determined in coordination with other emerging BRICS group says, has Saturday announced the Russian Minister of Finance.
"We have already said that the minimum contribution (Russia) would be 10 billion, the question now is to change this amount of increase to reflect the need for additional resources of the IMF" said Anton Silouanov to the press.
"We will coordinate with our colleagues in the BRICS and decide together what we can do," he said on the sidelines of a meeting between the IMF and World Bank in Washington.
The group said BRICS includes Brazil, Russia, India, China and South Africa.
The G20 countries have pledged Friday to provide the IMF additional resources of $ 430 billion to address the debt crisis in the euro area.
According to Anton Silouanov, most of this amount, $ 362 billion, had already been promised before. "We have about 70 billion" to distribute among the contributors, he said.
Emerging economies, which were far more recipients of aid, this time have joined the effort, even if they expect, in return, that their weight within the international financial institutions increased at the expense of that of Europe.
NEW QUOTAS
The G20 committed on this road Friday, promising that the voting rights of emerging nations, called quotas, will be raised at the summit of the IMF scheduled in October.
Russia welcomed the decision, even though she was careful not to make quota reform as a precondition for the payment of its contribution. The new quota system must be clear and understandable, insisted Saturday the Russian Minister of Finance.
"We propose that the quota calculation is based primarily on two main indicators, the size of gross domestic product (GDP) of each country and the volume of their gold reserves and foreign currency," said Anton Silouanov.
If such criteria were to be retained, Moscow's influence in the IMF would increase considerably, with Russia third of global foreign-exchange reserves, with 516.7 billion dollars.
Some countries of the BRICS group said, however, have argued in favor of a better consideration of the weight of GDP, acknowledged Silouanov.
"Many countries believe that further dialogue in this area. Some countries have a quota have no interest in it is recalculated and prefer, obviously, that we keep the current formula, without bring change, "he said
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The Tokyo Stock Exchange closed up over 1% Friday, the good performance of the action Fast Retailing and relief related to the failure of the rocket launch North Korea has than offset the disappointment that followed the publication of a Chinese GDP worse than expected.
The Nikkei gained 1.19% or 113.20 points to 9,637.99 and the Topix broader took 5.60 points (0.69%) to 815.48.
Growth of the Chinese economy slowed to its slowest pace in almost three years in the first quarter, to 8.1% annual rate against 8.9% last quarter , said Friday the Chinese central statistics office.
Analysts polled by Reuters had expected an annual growth of 8.3% of gross domestic product (GDP).
The title Fast Retailing jumped 8.59% after the chain of clothing stores, owner of the Uniqlo brand, announced Thursday a second quarter earnings of its 2011-2012 fiscal year and a soaring increase in its annual targets.
North Korea conducted Friday to fire a rocket at the origin of a strong condemnation from the international community but this attempt was officially ended in failure.
Ireland's GDP fell 0.2% in the fourth quarter after falling 1.1% in the third. A nasty surprise which should limit growth to 0.5% this year.
The Irish economy contracted by 0.2% in the fourth quarter of 2011, bringing the country back into recession after a third quarter also negative, according to official figures released Thursday. Over the whole of 2011, however the country has grown by 0.7% thanks to a good start to the year, said the Central Statistical Office (CSO) in Ireland. The gross domestic product (GDP) had contracted during the previous three years.
GDP fell 0.2% in the fourth quarter, after -1.1% in the third quarter, according to a revised figure of CSO. The country is thus technically back in recession, it characterized by a decline in GDP for at least two consecutive quarters. This return is in recession and takes a nasty surprise against the foot of the forecasts International Monetary Fund (IMF), who still believed in early March that the country was to escape thanks to the good performance of exports in sectors such as pharmaceuticals and computer.
The institution was then once again commended the efforts made after the international bailout of 85 billion euros in 2010 concluded with the EU and the IMF to help Ireland to meet a deficit abyss caused by the sinking its banking sector. She pledged in return to a consolidation of public finances through a severe austerity measures, whose implementation is complicated by growth at half-mast, synonymous with lower financial income for the state.
"Net exports have disappointed this time," said Sonia Pangusion Thursday, economist at IHS Global Insight firm. The Irish economy is in fact based largely on exports, making it vulnerable to economic conditions in the rest of the euro area, while domestic demand remains very depressed. "Households continue to save rather than spend it in a context of fiscal austerity and unemployment high," said Alan McQuaid and, Bloxham economist Dublin firm, which expects growth of 0.5% this year. The Irish government hopes for its part "at least 1%" growth in 2012, stated the Minister of Finance, Michael Noonan, in a recent interview with AFP.
In 2011, annual growth has been fueled by sectors of industry and agriculture, whose growth has offset the decline in construction or services. Gross national product (GNP), which excludes the activity of many multinational companies based in the island, for its part, declined 2.5% last year.
Promise to close in 2010, the Bosch plant in Venissieux, a suburb of Lyon, rising from the ashes thanks to the manufacture of photovoltaic panels in the most modern and important production unit of this type in France.
The German group intends to make this site the bridgehead of photovoltaics for southern Europe and northern Africa, and a model of "French production" that is central the campaign in France.
After eight months of construction, the new production of photovoltaic modules from Bosch is being phased in and the 200 employees of this plant produce in full capacity by July, 2000 panels per day, or 600,000 modules per year.
"This corresponds to the consumption of 51.000 French households, "explains Jürgen Pressl, board member of Bosch Solar Energy
. The plant is yet act as industrial miracle …
…… In 2010, the Bosch plant in Venissieux was promised at the close. Specializing in the production of diesel injection pumps, she was condemned by a falling market.
With an investment of 25 million euros, the conversion of the site has saved 200 of the 450 jobs previously identified.
"The successful transformation of Venissieux is the result of an exemplary social dialogue, and unique German enough", Guy said Maugis, president of Robert Bosch France.
To switch to the manufacture of injection pumps to that of photovoltaic modules, French employees of Bosch had to go to Germany for training.
"I was immediately voluntary," said Christelle Trioulaise, 45, who is placed in quality control. She looks forward to working conditions, "more comfortable, quieter, more interesting as new".
"But above all I could keep my job, and that's the key," concluded the worker.
"MADE IN FRANCE"
The Bosch Group has installed the new production unit in the Lyon region, not by philanthropy but by strategy.
"The French market is very important to us and here we must propose the 'Made in France', we need to produce locally," said Axel Becker, who led the project to convert.
Jürgen Pressl also emphasizes the proximity to markets such as Italy, Spain, North Africa, who are "potential customers".
"Vénissieux must become the bridgehead for photovoltaic southern Europe and northern Africa," he said.
Bosch's objective of becoming the market leader in photovoltaics, renewable energy according to the German group is the trend of the future, the era of fossil fuels being in his past.
The group spent more than four billion euros for research and filed over 4,000 patents in 2011.
Yet its leaders recognize that on this intensely competitive market, the game is not won, and that investment is still far from profitable.
"The price war is exacerbated must pass some time, and ultimately, we think about winning a very high quality of our products," said Jürgen Pressl.
In 2011, Bosch Solar Energy has achieved a turnover of 800 million euros, down from the previous year due to falling prices for modules.
The pact provides for the establishment of fiscal and golden rules more automatic sanctions against countries that exceed the limit of 3% of GDP for public deficits. The UK and Czech Republic have refused to sign. The reduced VAT rate for ISPs is in the crosshairs of the European Commission.
Twenty-five countries of the European Union on Friday signed at a summit in Brussels the new Treaty establishing more fiscal discipline in Europe to learn from the debt crisis which shook the euro area. The pact provides for the establishment of "Golden Rules budget" on the balance of public accounts and automatic sanctions against countries that exceed the limit of 3% of GDP for public deficits yearly.
These rules should preferably be written into the constitution of the States, but not necessarily. "This is an important step to strengthen confidence in our economic and monetary union," said President of the European Union, Herman Van Rompuy, during a signing ceremony at a summit in Brussels . "I think it is a strong signal that we draw lessons from the crisis, we understand the signals" sent by the financial markets "and we want a future with a politically united Europe," added the Chancellor Angela Merkel.
This new treaty was demanded by Berlin in exchange for its continued financial solidarity to fragile countries of the euro area. It was signed by only 25 of the 27 members of the European Union, the United Kingdom and the Czech Republic have declined. It must now be ratified by at least 12 signatory states before they can begin to take effect. All countries in the eurozone will not will not receive financial assistance from its partners over the future relief fund that will start this summer, the European Stability Mechanism (SPM). This ratification might be complicated especially in Ireland, who announced the holding of a referendum on this, inherently dangerous.
Wall Street opened slightly higher on Thursday after figures showing that weekly jobless claims remained close to a low of four years, but investors will need other incentives to buyers remain after the gains accumulated since early 2012.
In early trade, the Dow advanced 0.48% or 61.98 points, to 13,014.05 points. The Standard & Poor's, wider, gained 0.48% (6.58 points) to 1,372.26 points while the Nasdaq composite risen by 0.45% (13.45 points) to 2,980.34.
On February, the S & P 500 benchmark index fund managers, took 4.1%, the Dow 2.5% and Nasdaq 5.4%.
That said, as this bull cycle is built on trade volumes lean, many players anticipate a downtrend market in the short term.
"We are on a sacred launched two months ago and, at some point, it will pause. In previously published data, there was nothing that could trigger a movement in one direction or the other, "said Wayne Kaufman, chief market analyst at John Thomas Financial
. The weekly jobless claims fell slightly in the U.S. during the week to 25 fe February, to stand out as expected at 351,000, close to a low of nearly four years, announced Thursday the Labor Department
…… But … consumer spending adjusted for inflation emerged unchanged for the third month following January, a trend that could raise questions about the country's economic outlook, the household expenditure constitutes one of the main drivers of the U.S. economy.
At 1500 GMT, was expected ISM manufacturing index and construction spending.
In the area of distribution, as Gap took 10.18% to 25.74 dollars after the chain of clothing stores reported an increase in February for its constant-store sales for the first time in eight months.
The action of Ford advanced 2.18% to 12.65 dollars in anticipation that the builder had a very good month of February in terms of vehicle sales in the United States. The group will release its monthly figures during the day. Chrysler has already reported a jump of 40% of its U.S. sales last month.
Unreachable contacts, website saturated … There is progress to be done to improve relations between the French and the taxman, a detailed report of the Court of Auditors published this morning. The fight against tax evasion has allowed the state to recover 16 billion euros in 2010
This is not true love … Certainly, the relationship between taxpayer and tax authorities have benefited greatly from the French way in the early 2000s [click here to read the report] to fiscal management user-centered, with a delay of ten years many countries, but Significant progress is needed, said Tuesday the Court of Auditors. "Search the support of the majority of taxpayers can better than punitive measures, to optimize the yield of the tax," said the Court of Auditors a report on the "relations of the General Directorate of Public Finance with taxpayers ".
By the late 1990s still prevailed in France the traditional view of fiscal management focused on the needs of the administration user and password only met ten years ago still reluctance among tax officials, "fed a a regal culture, "remarked the court. But since the late 1980s, the view of external actors was already in many developed countries a central position.
Bad reception on the phone
A service offering more extensive telephone, internet desk, physical reception, email, mail, online payment, monthly payment, etc., has led to "remarkable progress in relations with the taxpayer," welcomes the Court, but added "significant room for improvement exist." It then lists the number of breaches including telephone reception, called "black spot" "to rethink a whole", contact mode the most criticized by users and administration.
As for the one-stop shop for the determination of the assessment and collection of taxes, he suffers with regard to SMEs lack information on the satisfaction of these companies. For individuals, there is "strong disparities in the quality of service" and not allowing applications to approximation of functions in a single window "produce full effects" despite "well-trained staff". Electronic messaging is the preferred method of contact that develops the more traditional mail with no "more reliable it once had." Nevertheless "the administration has not yet organized to deal effectively with emails." In addition, agents fear the excesses authorized by the ease of communication (conversation repetition effect, known as "cat", sloppy …).
Platforms saturated
Impots.gouv.fr on the site, the Court criticized platforms "too often saturated" and believes that the General Directorate of Public Finance, DGFIP "should match each use of an electronic procedure to test satisfaction". The automatic payment (monthly payments, direct debit on the due date, online payment) in 2010 represented 87% of amounts paid to the Income Tax (IR) but only 53.9% of all IR and local taxes. Taxpayers must be "informed, reassured, heard" face "the instability of tax law", born of many reforms sometimes removed, the report says.
These uncertainties on the effective and sustainable tax standards "risks to competitiveness and attractiveness of France in a global economy" is more widely in the national guard. If the on-line since recently proposed policies of tax is popular with businesses, "the deadlines are often too short to the point that some reforms take effect without the terms of the corresponding instructions are available on a timely" , asserts the report. The Court of Audit also recommends that the administration of exceeding "design binary between the good citizen to the fraudster" to apply a more detailed analysis and also to accept that "users become actors in their own transformation."
Values to follow Monday at the Paris Bourse, where the CAC 40 index yields 1.09% to 3,390.68 points at 12:16, investors are showing cautious pending re Greece's response to the proposal of its private creditors, originally expected around noon.
* European financial stocks are sharply lower in the pending developments on the Greek front.
The Stoxx index of European banks and insurers that drop both 1.15%, largest declines sector in Europe. SOCIETE GENERALE lost 3.73%, largest drop in the CAC 40 and SBF 120 to FARM CREDIT (-3.7%) while BNP Paribas 1.7% yield.
* Many CYCLIC suffer the consequences on growth of a possible failure of Greece, that even Jean-Claude Juncker, Eurogroup President, no longer rules.
LAFARGE loses 2.9%, Saint-Gobain 2.5% and 2.64% PSA. The Stoxx auto sector abandons 0.5% and 1.06% of the construction.
* ArcelorMittal loses 2.96%. The Financial Times, the giant commodities Glencore International (-4%) should offer a higher premium than what was expected to seal its proposed 88 billion merger dollars with mining group Xstrata (-2.2%).
The Stoxx mining shares were down 1.17%.
* ALCATEL drops 2.15%. S & P Equity lowered its recommendation on the title to "sell" against "hold".
* AIR FRANCE-KLM lost 2.77%, French trade unions of pilots and the majority of organizations stewards, hostesses and ground staff who called the strike until 9 Febru ; February.
* A reverse trend, Unibail-Rodamco gained 0.76%, highest of the few increases in the CAC 40, the group advantage as the rest of the real estate sector (0.52% for the Stoxx sector index) of its status safe haven.
* CAP GEMINI (0.62%) continues its forward march, the title now showing a gain of 21% since the beginning of the year after a consolidation period end January between 27.5 and 28 euros.
* ORPEA (2.22%) signed the largest increase in the SBF 120 index. Presidential ads on the evolution of the coefficient of land use (COS) argue, when applied, land prices, note CM-CIC Securities, believes that the value created reach 0.4 to 1.1 euros per share.
* Pierre et Vacances rose 1.16%. Acto, a fund of Groupama, has a mandate to Lazard to sell its 55% in Belambra, according to Les Echos, which sources said the memorandum of information is expected in a week.
* ASSYSTEM (0.35%) recorded an increase of 19.5% of its turnover in 2011, to 760.6 million euros, the international activities that experienced a Year e record (+30.7%) thanks to the dynamism of all countries and the acquisition of Berner & Mattner in Germany. Assystem has confirmed its 2011 operating margin target of between 7.5% and 8%.
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