INDICES: Paris lost 2.5% after the Chinese and U.S. indicators

The Paris Stock Exchange ended the session sharply lower on Friday after the release, the U.S., numbers of the confidence index from the University of Michigan and the announcement Friday morning, a slowdown economic growth in China.

An operator Paris stresses that the decline of French values ​​is explained by a combination of factors, besides the U.S. and Chinese figures, which have worried investors, citing renewed concerns about the euro area.

The CAC 40 fell 2.5% to 3189.09 points, down 3.9% on the week. The SBF 120 ended on a decline from 2.2% to 2,461.53 points, a weekly decline of 3.4%.

As for values, L'Oreal is the only action star of the index to finish up, taking 1.2% to 92.14 euros thanks to the publication of a revenue above expectations in the first quarter.

Another value to be published Thursday its quarterly sales, Carrefour lost 3.9% to 15.55 euros, as a result of negative comments from analysts.

Bank stocks have posted among the largest declines, BNP Paribas ended lower by 5.2% to 30.40 euros, while Credit Agricole fell 5.1% to 3.91 euros and Societe Generale, $ 5.8 % to 17.81 euros.

Veolia Environnement fell 3.9% to 10.77 euros, while Prime Minister of Gabon Raymond Ndong Sima asked about the renewal of the concession of water and electricity to the Power Corporation and Water of Gabon (SEEG), subsidiary of French group. The agreement between the Gabonese government to Veolia was signed in 1997 for 20 years.

Total closed down 1.7% to 36.42 euros. Its subsidiary, Total Exploration and Production Uganda said Friday forecast to invest at least $ 300 million in exploration and evaluation of its two exploration areas in Uganda this year.

PPR ended down 2.8% to 122.10 euros after placement of a bond issue of 500 million euros to 7 years with a coupon of 3.13%.

Monday, investors will focus, in France, the bond market, with issuance of short-term debt (BTF) and the launch of Eurex derivatives specialist and subsidiary of the German exchange group Deutsche Börse, the futures French government debt.

On the European side, the trade figures for the euro area will be announced in February and H & M will release its sales for the month of March.

United States, quarterly results from Citigroup, Charles Schwab and Mattel will be considered, as the index NAHB housing market for the month of April.

A-stock market crash is not alarmist, China is difficult to 2008, as luck

"I hope that the Chinese stock market crash!" This is Rogers on March 23 interview said.

Remark background day earlier (March 22), HSBC has just released March PMI (Purchasing Managers' Index) Preview value - 48.1, the end of the data for three consecutive months of gains, hitting a 4 months to the lowest and 5 located in a watershed in the fortunes of 50 below. Of course, seasoned Rogers did not forget to add that: "Because of this, I can buy shares of China".

The same day, Wang Yong, director of the SASAC, said yesterday that a number of central enterprises reflect the current 2008 financial crisis, the situation may be more severe. As early as last October, the Association of Small and Medium Enterprises in Wenzhou president Zhou German bluntly: the days of sad that more than 2008.

This raises a serious problem, the A-share will not collapse, China's economy will not be a hard landing or serious stagflation, the Chinese still have a chance like that poise in 2008, began to pay more feasting, peacefulness and prosperity? Frankly speaking, China has been difficult as lucky as in 2008, China's economic, financial, social and political positions of the resurrection "probability greater.

2008, China has been able to poise, more because of the fortunes. In early 2006, I once said that "the 2006 crisis and the Machine: The U.S. crisis suspense and China's reform and speed of a text warning: RMB appreciation and higher oil prices may lead to the crisis of the U.S. real estate bubble burst; in early 2007 to be" wary 2007: for 2008 brewing a new Asian financial crisis, "a text warning: If China bend to U.S. pressure to accelerate the appreciation of the yuan, China's stock market and property bubble will rapidly enlarge the Olympics before and after the hot money to focus on flight, China suffered after the Olympic crisis. The risk of these two crises at the same time, the key to see who one the first outbreak, the other survived.

In early 2008, the author in this year, China's worst-case forecast is: accelerated appreciation of yuan to expand the floating exchange rate range, or even a partial or even freely convertible; crazy stock market, property market bubble; China's central bank to curb the bubble on the grounds rapid monetary tightening; from top to bottom into a carnival atmosphere in the Olympic Games in June-July 2008, the USA and Israel suddenly launch a war against Iran, the soaring international oil prices, Chinese inflation; hostile to Iran, or Israel's refusal to participate in the Beijing Olympic Games with each other, the Chinese Olympic Games fails, international hot money took the opportunity to fully short. If this series the pawn scheduled Lazi Olympic crisis, the U.S. financial crisis, China will encounter poise.

However. Wenchuan earthquake of May 12, 2008, Chinese decision-making layer of the cool-headed, the collective research of the end of May early June, the monetary tightening has led to many companies shock; then in June to stop the appreciation of the renminbi; due to the earthquake disaster, China Olympic Games to do from time to maximum short bursting point was extinguished.

At the same time, the appreciation of the renminbi and the international oil price rose to $ 147 a barrel, the U.S. benchmark interest rates pushed up to 5.25%, blew up the sub-prime and sub-prime financial derivatives bubble burst, the U.S. financial crisis broke out.

Financial crisis in the United States in 2008, actually gave a big opportunity in China, China's economy was saved is the rescue, but the direction should be a restructuring, high-tech incentives to invest in green recycling economy, and increase agricultural water conservancy construction; effective control prices; replenishment of the social security system and expanding domestic demand, China's economic development will greatly push forward, even beyond the United States.

Very much regret that, driven by domestic vested interests in some of the pro-Western elites "to save the United States is to save China." Induced, China launched an unprecedented vast investment in infrastructure, the central government's 4 trillion to drive a total of $ 18 trillion of investment, surging out of the thousands of local financing platform, the majority of the investment real estate, railways, highways and airports, the property bubble to be added to the extent that in 2010 people grievance, had a strong market regulation.

When the property market boom-bust in early 2011 when China's economic fundamentals have deteriorated significantly compared to 2008. "Stock market crash of 2008 caused the national wealth of tens of thousands of billion loss, but only accumulated in the past have money left; However, the property bubble burst in 2011, not only will people the largest amount of wealth accumulation (millions of yuan) stuck in the property market and the expected income of nationals of the next decade or two deep sets of them. The rich and powerful vested interests of the 2009-2010 stock market rebound, the full size of the non-realizable and IPO financing cash, the A-share from bad to worse in 2011 after the imperative, A stocks and the U.S. out of the back of anti-market imperative.

Chinese bailout led to a resurgence of international commodity prices, such as copper is a new high, China's "world factory" was forced to digest; re-appreciation of the renminbi, the Chinese manufacturing driven a more difficult position; property prices rose pushing up wages; labor supply Lewis turning point super policymakers expected arrival, it pushed wage costs; a large number of corporate liquidity is stuck in the property market ...

On foreign policy, a large number of China's huge foreign reserve to buy U.S. bonds, European bonds, the only U.S. Treasuries peak of over 1.3 trillion U.S. dollars, and even the bond of two rooms of up to $ 376 billion, accounting for foreign exchange reserves of more than 95%, very few gold reserves. essential oil and manufacturing resources.

However, to save the United States has not brought the United States smiling face on China. Establish cross-sectoral trade protection in the United States, mainly for the Chinese; the United States of TPP used to replace Chinese imports; the U.S. House and Senate passed the RMB exchange rate penalty case, only to be approved by the President. Even more outrageous is that Obama himself announced that the U.S. new military strategy, there is no polite way to China as its main strategic adversary.

At the same time, the United States absorbed the lessons of 2008 to take various measures to reduce dependence on Middle East oil, the proportion of imported oil has dropped from 14.9 percent in 2008 to 8.83% in 2010 (now lower); 2011 has been net exporter of refined oil. Vigorously develop the automotive industry, the dependence of imported oil increased to nearly 60 percent, the Middle East accounted for the share of imports to nearly 50%.

In addition, the United States used to buy a lot of dollar bonds, driving down the dollar interest rate, maintaining the security of the U.S. interest rate derivatives, digestion of the repair cost of U.S. financial

In short, the balance of the two countries has been tilted by the end of 2008, China's move to greatly inclined to the United States at one end. Now just the United States detonated the Iran war fuse, send a signal to launch all-out attack on China. This time, Rogers' stock market crash theory "has been the smell.

This time fortunes will be standing on the Chinese side? Unlikely, a country not even the anti-hero can not be protected, how could there fortunes? Of course, American militarism unscrupulously, its fortunes may not be enough!

For China, has basically defined the exploration of reform and opening up the outsole of the economic, social and political trends in the past 30 years has basically defined the set of resurrection, "the pattern. However, this is not necessarily a bad thing, because there may be pregnant with a big shuffle, and then the turn of the big upgrade.

Let us wait and see.

Bombardier Wins $ 96M Contract in Saudi Arabia

Bombardier Transportation, a branch of the Canadian group Bombardier, today announced it has signed a contract with the Saudi construction company, Saudi Binladin Group, for the design, manufacture, operation and maintenance of an automated shuttle system "Bombardier Innovia APM 300", intended for the improvement project of King Abdulaziz International Airport (KAIA) in Jeddah, Kingdom of Saudi Arabia.

The total contract value is 96 million, or approximately 68 million euros.

Remember that Saudi Binladin Group is the contractor responsible for the design and implementation of the proposed airport expansion KAIA and was detained by the Saudi Arabian General Authority of Civil Aviation (GACA) in 2011.

In detail, the project involves the expansion of existing facilities for passengers at the airport by adding a terminal to accommodate a growing number of passengers.

The new system "Innovia APM 300" will be the backbone of passenger transport between terminals at King Abdulaziz International Airport.

The delivery system is planned for early 2014.

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Paris: Index 'Empire State' reinforces the gloom

A signal attenuation of activity in the United States added to the gloom of the markets, shaken by the affair Dominique Strauss-Kahn could further complicate a solution to the Greek question.

Around 16:00, the CAC 40 index loses 1.1% to 3,975 points, a trend that we find difficult to Frankfurt (-1%), but less marked in London (-0.5%) and Wall Street (-0.4%).
"The finance ministers of the euro area can be found in the early evening in Brussels to discuss the budget situation remains difficult in Greece," said Aurel BGC, adding that "a second plan of assistance involving Europe and the IMF will be discussed.
However, some analysts fear a possible delay in the negotiations, following the arrest of Dominique Strauss-Kahn, the IMF chief, who played a key role in the bailouts of Greece, Ireland and Portugal.
Another cloud on the horizon, the expansion of manufacturing activity slowed sharply in the New York area, according to the index "Empire State" comes out to 11.9 this month, against 21.7 in April and a consensus around 20.
Side values, not surprisingly, the "Financial suffer particularly uncertainties in Greece, like Credit Agricole (-2.6% to 10.8 euros) and Natixis (-1.6% to 3.8 euros ).
The cars are also values ​​the sentence in the ACC with a loss of 2.7% to 39.7 euros to Renault and 2% to 30 euros for Peugeot.
Alcatel-Lucent fell back 2.4% to 4.2 euros, while UBS has withdrawn its recommendation of short-term "buy" while leaving its recommendation to 12 months "neutral" and raised its price target of 3, 5 to 4.5 euros.
NYSE Euronext picks up from 9.5% to 25.9 euros, while the Nasdaq OMX and ICE announced Monday that it had decided to withdraw their bid on the transatlantic exchange group after holding talks with U.S. authorities competition.
Among the smaller values, investors arbitrate new quarterly publications and punish those of IEC Professional Media (-6.8% to less than 2.1 euros), Valtech (-3.6% to less than 0.3 euros) Multimedia & Index (-6.7% to 1.2 euro).
Conversely, other groups have convinced such as Heritage and Trade (+10% to 22 euros) and CS (+3.4% to 4.9 euro).

Peugeot creates a center of excellence Materials and Methods

PSA Peugeot Citroen announces the creation of a skills center Materials and Processes in Lorraine, with three academic partners.

Thus, UMR-CNRS GeorgiaTech International (UMI 2958), Arts and Crafts of Metz and the Centre de Recherche Public (CRP) Henri Tudor in Luxembourg are associated with the establishment of a "OpenLab.

Referred to as "Materials & Processes", will be coordinated by the UMI GT-CNRS and located in the building of Georgia Tech Lorraine in Metz.

For clarification, the OpenLabs are structures that share research teams and means of experimental group with those of partner laboratories in joint research structures.

"They will deal with major themes for the future of the automobile and to be closer to the future scientific discoveries in all parts of the world, "said PSA Peugeot Citroen.

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Axway Software: admission to trading on June 14

The admission of the shares Axway Software, the software publishing arm of Sopra Group, will take place June 14 on NYSE Euronext.

The technical reference price of the securities, which will be used for setting thresholds for reservation at the opening, will be published in a notice from June 13

In the meantime, shareholders of Sopra will be expected to meet June 8 in order to decide on a proposed special distribution of premiums and reserves of 3.92 euros a share and per share Axway Software Sopra Group.

Last week, the board of directors of Sopra Group approved the assessment of 100% equity Axway Software at $ 300 million.

The General Assembly of the software houses will be asked to approve this distribution on the basis of this assessment, bearing in mind that Sopra Group shall retain approximately 26.5% of the capital of Axway. Under these conditions, the distribution of shares Axway Software represent a total of approximately 220.5 million euros.

For the record, Axway Software includes the publishing business management software interaction networks Sopra professionals.

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CAC40: still in the red within an hour of closing

A signal attenuation of activity in the United States added to the gloom of the markets, shaken by the affair Dominique Strauss-Kahn could further complicate a solution to the Greek question.
Around 4:20 p.m., the CAC 40 index lost 1% and at 3979 points, a trend that we find difficult to Frankfurt (-0.7%), but less marked in London (-0.4%) and Wall Street (-0.2%).
"The finance ministers of the euro area can be found in the early evening in Brussels to discuss the budget situation remains difficult in Greece," said Aurel BGC, adding that "a second plan of assistance involving Europe and the IMF will be discussed.
However, some analysts fear a possible delay in the negotiations, following the arrest of Dominique Strauss-Kahn, the IMF chief, who played a key role in the bailouts of Greece, Ireland and Portugal.
Another cloud on the horizon, the expansion of manufacturing activity slowed sharply in the New York area, according to the index "Empire State" comes out to 11.9 this month, against 21.7 in April and a consensus around 20.
Side values, not surprisingly, the "Financial suffer particularly uncertainties in Greece, like Credit Agricole (-2.6% to 10.8 euros) and Natixis (-1.6% to 3.8 euros ).
The cars are also values ​​the sentence in the ACC with a loss of 2.7% to 39.7 euros to Renault and 2% to 30 euros for Peugeot.
Alcatel-Lucent fell back 2.4% to 4.2 euros, while UBS has withdrawn its recommendation of short-term "buy" while leaving its recommendation to 12 months "neutral" and raised its price target of 3, 5 to 4.5 euros.
On the SBF 120, Seb floats (+0.3% to 73.8 euros) after taking control of Vietnamese society Asia Fan, specialized in fans, without details on the financial terms of the agreement.
Among the smaller values, investors arbitrate new quarterly publications and punish those of IEC Professional Media (-6.8% to less than 2.1 euros), Valtech (-3.6% to less than 0.3 euros) Multimedia & Index (-6.7% to 1.2 euro).
Conversely, other groups have convinced such as Heritage and Trade (+10% to 22 euros) and CS (+3.4% to 4.9 euro).