According to the association of consumers, distribution margins reflected in the service stations would have increased by almost one third in ten years. CLCV denounced a "surge" margins at service stations.
The consumer organization CLCV Tuesday denounced a "surge" of nearly a third in less than ten years of distribution margins impacted by service stations in the fuel prices at the pump, now close to their record in France .
According to a barometer of the association, which is based on the statistics of the French Union of Petroleum Industries (UFIP) and administration, and distribution margins are increased from 2001-2003 to 2008-2010 from July to September , 6 cents for gasoline and 6.3 to 8.6 cents for diesel.
European shares are hesitant in early trading Wednesday, shared expectations of measures to support the U.S. economy that the Fed could announce Friday and a persistent stress associated with growth faltering and sovereign debt crisis.
Around 9:30, the CAC 40 index, after opening up a passage and then into the red, ahead of 0.31% to 3093.85 points
London fell slightly by 0.23%, Frankfurt is 0.24%, 0.71% Milan, Madrid 0.12%.
The EuroStoxx 50 is 0.09%, Eurofirst 300 lost 0.14%.
Anxiety remains on the market, related professionals, the decision of Moody's lowered by one notch the debt rating of Japan, to Aa3, having come to remind the absence of long-term solution to the crisis sovereign debt.
"The actions may give the impression of falling back on their feet, but the financial stress is always on the rise," said strategists rate of Societe Generale, who are concerned about the widening spreads on CDS and cash banks and their difficulties of long-term financing.
Those responsible for the asset allocation of Societe Generale noted in turn that hedge funds are net short positions opened on a scale comparable to those of 2008 (in a financial crisis, Ed) on the most liquid segment of market shares, that is to say about the S & P 500.
They add that the same hedge funds unwound their net short positions in U.S. government bonds.
"Fears of a recession wiped out expectations of rising bond yields as well as the recent decision by the Fed to keep rates low until at least 2013," they say.
The euro declined against the dollar and is trading around 1.44 against 1.4432 dollars late Tuesday.
Yields on government bonds French and German 10-year stay close to their historical low, respectively 2.12% and 2.78%.
Investors are waiting in the morning the Ifo index of business climate in Germany, then the durable goods orders in July in the United States.
The CEO of Publicis, Maurice Lévy, the French hope that the richest pay an outstanding contribution to participate in the national effort to reduce the deficit. The CEO of the advertising group Publicis, Maurice, in December 2010.
The President of the French Association of Private Enterprises (Afep), Maurice Levy, said he favored a "outstanding contribution" of the highest incomes to reduce the budget deficit of France, in an article in Le Monde newspaper published Tuesday. Calling for an "outstanding contribution of the richest, most privileged, the wealthy," the CEO of Publicis, considers "essential for the solidarity effort begins with those whom fate has preserved."This recommendation echoes that of billionaire investor Warren Buffett, who on Monday called on U.S. lawmakers to raise taxes for the wealthy to reduce the huge budget deficit of the United States.
In its platform, Maurice Levy says will include "all those who can by their means necessary to participate in this national effort" and not just CEOs. The government intends to introduce a windfall tax from 1% to 2% on income tax reference than one million euros. The device will be stopped by the end of September.
To achieve the reduction of public deficit, the president of the Afep also stresses that it is necessary "to cut as much spending as planing or remove tax loopholes."Other measures that advance figure "a deep reform of our administrative structures and social systems", without further details. "This is to bring the deficit to zero and to reduce the tax burden to bring them to the European average," he adds.
About the golden rule of balancing the budget, he "regrets" that it "is not universally supported by all political" because "it is in the future of our country." This "golden rule" is planning to include in the Constitution the principle of "framework laws to balance public finances," who plan on at least three fiscal efforts that France must provide to restate its accounts.This constitutional reform remains to be adopted by a majority of three fifths by the deputies and senators met in Congress at Versailles, while the opposition, denouncing a communication operation of the government, refused to vote.
The U.S. retailer Wal-Mart is in talks to buy the Brazilian subsidiary of Carrefour, said Tuesday the newspaper Valor Economico.
Officials from Wal-Mart are in direct contact with their French counterparts, writes the newspaper.
The two groups had in 2009 negotiated a merger, but talks had failed because of disagreement on the valuation of assets.
These new negotiations would occur while the Brazilian businessman Abilio Diniz gave up in July to its proposed merger between the Brazilian distributor Grupo Pao de Acucar (GPA), controlled by Casino, Carrefour and the subsidiary in Brazil.
Wall Street opened Tuesday's session on a positive note, benefiting from the publication of a series of quarterly results found quite encouraging.
A few minutes after the start of trading, the Dow Jones gained 0.97% to 12,504.87 points, the Standard & Poor's 500 index 0.93% to 1317.60 points and the Nasdaq Composite 1.39% to 2803.45 points.
Securities Bank of America and Coca-Cola took 0.4% and 1.8% at the opening after the publication of their results.
In contrast, as Goldman Sachs fell by 1.88%, the results of the group with the second quarter disappointed investors.
A tough task awaits the U.S. equity markets this week to reverse the recent downward trend, given the anxiety generated by the political deadlock surrounding the debt and the budget.
During the week just ended, the S & P 500 suffered its largest decline in five weeks, with a decline of 2.1%.The Dow Jones has sold 1.4% and the Nasdaq 2.5%.
Disappointed by the lack of progress in discussions between the White House and Congress, investors could withdraw to investments considered safer, including money.
The other major dominant of the week will be the rise of the earnings season for the second quarter after a strong first week.
According to Thomson Reuters data, 39 companies listed on the S & P 500 have so far published their results, and 74% of them exceeded the expectations of Wall Street.
Overall, it is expected that the S & P 500 are reporting a 6.5% increase in profits in the second quarter of 2011.
It is expected this week the results of several heavyweights of the financial sector: Goldman Sachs, Morgan Stanley, Bank of America and American Express.
The technology sector is also very active with quarterly Apple, Microsoft and Intel.
HIGH VOLATILITY
But current politics is likely to be at the forefront of the markets.
Sunday morning in the U.S., no signs of progress had been made in negotiations between the Democrats the White House and Republicans in Congress.
"Next week, the flow of news about the deficit and the current political debate will intensify and will be the real engine market," said Paul Mendelsohn, an analyst at Windham Financial Services.
Economic indicators for the program include several weeks of data on the housing market, including housing starts in June, Tuesday, Wednesday and resales.
Other determinants figures are expected, the index of the Philadelphia Federal Reserve Index ("Philly Fed") on manufacturing activity on the Atlantic coast of the United States.
But last month's indicators have cast doubt on the state of the U.S. economy.
"The general idea is that the economy is still disastrous," noted Joe Saluzzi, one of the leaders of Themis Trading in New Jersey.
More blocking on the debt will last longer, the risk that markets fall sharply increase, as well as volatility.
Last week, the CBOE volatility index has increased by 30%.
"If this continues Tuesday, Wednesday, Thursday or later, then we will have a big problem. This will dominate the market, even if the financial results are very good," said Tommy Huie, chief investment officer at BMO Asset Management, in Milwaukee.
"It could be very volatile one week, there's no doubt."
The Tokyo Stock Exchange finished Thursday on a very slight decrease of 0.11%, ending a series of seven sessions increase, the government's willingness to submit its nuclear stress tests that affected utilities .
The Nikkei lost 11.34 points to 10,071.14 and the Topix, broader, sold 3.03 points (0.35%) to 870.48.
The benchmark index of the Japanese stock market remains higher than 10,000 points, its new line of support.
"With the exception of Tokyo Electric, the utilities have attractive valuations, investors have therefore retained in the portfolio", said Naoki Fujiwara fund manager at Shinkin Asset Management.
"But now there are questions about their operations and the delays they could take and investors emerge."
Kyushu Electric has sold 7.54% and Kansai Electric plunged 8.39%.
George Papandreou said on Friday that the second rescue plan would amount to a "like" the first, granted a year ago. But the final package "will depend on the participation of private creditors." Greek Prime Minister George Papandreou at the EU summit of June 23, 2011.
The new rescue package promised to Greece if it adopts its austerity program will amount to "like" the first decision a year ago, which amounted to 110 billion euros, said Friday the Greek Prime Minister George Papandreou. "We discuss amounts very, very important" for this support program to be funded by the eurozone, the IMF and private creditors of the country, he told reporters after a summit of the European Union in Brussels."It is too early to give a specific amount" but the discussion focuses on "an amount similar to the first aid program," he added.
The latter, launched in spring 2010 was 110 billion euros in loans over three years. It is currently half of available, but it is already clear that this is not enough to put Greece on track and save it from bankruptcy.
The final amount "will depend on the participation of private creditors," banks and investment funds that hold government debt. Under pressure from Germany, European countries have started negotiations with the private sector to make a contribution on a voluntary. It is to renew loans to Greece as they fall due.
The second bailout is conditional on Europe and the IMF to adopt next week by the Greek parliament of a new austerity program completed by the Government of Mr. Papandreou under pressure from international donors .
According to the Prime Minister, the need to save the country from bankruptcy "is understood by a majority in the Greek Parliament." "And of course, the Greek Parliament will decide democratically," he added.
George Papandreou welcomed the promise of getting the extra help on Thursday evening on the first day of the summit. "We will not depend on the markets," he was glad.
He said the new rescue plan should "include two very important factors": "the EU should help us to sustain growth" and "we need to ensure improved social cohesion."
While the Greek opposition is pressed by the Europeans to support the efforts of the socialist government austerity, it refuses to do for now, George Papandreou called for "national consensus", including "build a system tax fairer ".
"We are not asking for money to remain the same. What we are doing is to change Greece", he stressed, again ensuring that the "plan B" is to say a default of the country would be "a total disaster."
Publicis Group announced Monday the acquisition of the Chinese agency Genedigi, continuing its development strategy in the country where the group intends to double in size in the next three years.
This acquisition, the amount was not disclosed, also reinforces the French advertising group's objective to increase to 30% within three years from its income earned in emerging markets, against 22.7% in 2010.
Genedigi Group, one of the largest independent public relations and marketing communications in China, Publicis said in a statement.
It will be integrated into MSLGROUP, the Publicis worldwide network of specialist public relations, communication and influence events.
The Chinese agency will retain its name and will be led by its founder, Xiao Jun.
Founded in 1997, the company employs 400 people and has more than 50 Chinese and foreign clients.
With this acquisition, MSLGROUP employ over 650 employees in 11 offices in mainland China, Hong Kong and Taiwan.
According to the Institute ZenithOptimedia, advertising spending rose 16.9% in 2010 in China and are expected to experience double-digit growth in the years to come.
After a third profit warning in just nine months and a share price falling by 35% since the fall, Carrefour is preparing for a general meeting delicate June 21
With a further deterioration of its performance in France, the second European distributor said Friday that the operating income of business conducted in France, which accounts for nearly 40% of its revenue, was down 35% in the first half.
The announcement plunged the title by almost 6% at the opening of the Paris Bourse.After spending the day in the red, the value finally finished down 1.7% to 27.28 euros in a market up 0.8%.
While many analysts expected a warning on the results of the group, they were surprised by the magnitude of the fall and announced in 2011 believes that the expectations should not be allowed to be kept.
While Carrefour is unable to redress the balance in France, where its hypermarkets are in pain and see their sales decline in a fierce price war, the general manager Lars Olofsson will convince them that its turnaround plan is good, that men chosen to implement it are good and that its proposed listing of Dia, a subsidiary of hard discount is justified.
After James McCann fired for poor performance, the distributor has appointed Noel Prioux to head its operations in France, a man of the land, an expert hypermarkets.
"I expect a rough assembly.Shareholders should show their frustration with a strategy to say the least trouble, "he told Reuters Pierre-Henri Leroy, director of shareholder advisory firm Proxinvest.
DIA TWO RESOLUTIONS
Driven by the two major shareholders in Carrefour, the fund Colony Capital and Groupe Arnault (holding Bernard Arnault, CEO LVMH), the listing of Dia – announced in conjunction with a controversial project and finally postponed IPO for real estate – is not unanimous.
For an analyst, who requested anonymity, Carrefour has "unfortunately not able to disperse and lose themselves in a financial strategy."
However, the project proposed in two separate resolutions, is likely to be voted.
The first resolution, very technical, do not mention, and Dia is the special meeting.It requires, as such, a majority vote of two thirds.
The second, which explicitly Dia, is a matter for the regular meeting and does not require a vote by simple majority.
"Under these conditions, it is highly likely that the resolutions are passed, Groupe Arnault and Colony Capital holding 20% of the voting rights," HSBC analysts said in a note.
Devismes for Christian, CM-CIC, a protest vote is not totally excluded.
Some analysts raised against an operation that will result in the payment of a dividend that will not reserve the same tax treatment to all shareholders.
"Not everyone is on equal footing.Blue Capital (the investment vehicle of Groupe Arnault and Colony) is a Luxembourg company that should not be subject to taxes on dividends, while other shareholders will be, "notes an analyst.
Fabrice Remon, director of consulting firm to shareholders Deminor, a judge for his "company run by financiers can not properly deal with its small shareholders."
Others, such as the director of Proxinvest, believe that Carrefour should have more independent directors. Particularly critical of Amaury de Seze, Chairman of the Board, he stated that he would oppose the renewal of its mandate.
The investment by Blue Capital, which has three representatives on the board of a total of 11, shows to date a 40% drop.