The Tokyo Stock Exchange ended down Monday on profit-taking after gaining 3.7% during the previous two sessions and over 17% since the beginning of year.
The Nikkei lost 39.88 points (0.4%) to 9,889.86. Topix abandons 3.43 points (0.4%) to 845.28.
The Nikkei has reached in a meeting peak of 10,021.51, the highest since August 2011.
The Tokyo Stock Exchange ended on a sharp rise from 2.01% Thursday, buoyed by optimism about employment in the United States and the level of participation of private creditors to Greek debt exchange.
After three sessions of declines, the Nikkei index is back above the 9,700 point mark, gaining 192.90 points to 9,768.96 and the Topix broader, took 13.45 Points (1.63%) to 836.16.
The trend was also supported by a Wall Street Journal suggesting that the Fed is considering a new approach to bond buybacks.
Values, the technology has benefited from a presentation by Apple's new version of its iPad tablet.
Toshiba took 1.77% and 4.1% Electronics Renesas.
The unemployment rate in France in late 2011 now stands at 9.8%, up 0.1 points over one year. A total of 3.4 million people are seeking employment. Agency employment center in Nice
The unemployment rate in France rose by 0.1 points in the fourth quarter 2011 compared to the previous quarter to 9.4% of the workforce (9.8% overseas departments included), announced the INSEE Thursday. This rate, calculated according to the standards of the International Labour Office (ILO), was also up 0.1 points versus the fourth quarter of 2010, INSEE said.
In France, 2,678,000 people were unemployed on average in the fourth quarter. But in total, 3.4 million people were unemployed and wanted to still work, or not available for this within two weeks and looking for work or not. This is the third consecutive increase, after the unemployment rate in the third quarter (9.3%) and second quarter 2011 (9.1%).
Labour Minister Xavier Bertrand noted but noted that "France has fared better than its main partners to the global crisis" between the second quarter 2007 and third quarter of 2011, citing OECD data. Unemployment among 15-24 year olds, great concern of the government, rose by 0.8 point compared to the previous quarter and by 0.2 percent yoy. The youth unemployment rate rises from 21.6% to 22.4%, or about 626,000 people.
Involuntary part-time increases
The unemployment rate for seniors is improving slightly on the contrary, down 0.1 points from the previous quarter. It remains up (0.2 pt) to the last quarter of 2010. Some 485,000 people aged over 50 were looking for a job in the last quarter of 2011. The employment rate of older, more and more likely to stay in business with the successive reforms of pensions, continued to grow (a point on the previous quarter, 1.6 points over one year). The increase was pronounced for those aged 55-64 (1.4 pt in the quarter, 2.8 points over one year).
The employment rate in permanent contract (CDI) is stable in the fourth quarter of 2011, to 48.7% of the population aged 15-64. Rate for those employed in CDD / Acting rose slightly and stood at 6.8%. Partial unemployment, the government and social partners come to reform to facilitate its implementation, down 0.3 percentage points and stood at 0.2% of employed persons. Involuntary part-time increased slightly to 5% of people with jobs. Finally, the unemployment rate is declining in women (-0.1 pt the quarter, -0.3 pt yoy) as he progresses on the contrary men (0.4 pt the quarter , 0.6 pt yoy).
European shares ended lower Tuesday as investors pocketed their profits after a second agreement on a plan to help Greece to dispel the specter of a dice ; be next month, but not to solve all the country's economic problems.
On profit taking, the Paris Bourse has sold 0.21% (7.30 points) to 3,465.24 points. The pan-European index Stoxx 50 fell 0.34%, the German Dax is 0.58% and 0.29% FTSE UK.
Trading volumes on the pan-European FTSEurofirst index was 22% thinner than usual, a sign that investors have not rushed to the exit after obtaining a agreement on Greece, much preferring a wait.
The agreement, torn by the euro area at night, after thirteen hours of negotiations, plans to reduce Greece's debt to 120.5% of GDP by 2020 through a new program of public loans of 130 billion euros and a restructuring of debt held by private creditors.
Highly anticipated by the markets, the plan is not a miracle cure for all ills of Greece. Strangled by his austerity measures, the country will return to growth until 2014, after four years of recession that have reduced the gross domestic product (GDP) 17% believe senior European officials.
Meanwhile, the aid package to Greece may yet derail and Greek debt explode to unmanageable levels by 2020, according to a confidential report prepared by "troika" of the country's international creditors.
Yields on debt issued by the 'peripheral' countries of the euro area eased in favor of the agreement. Sign of an easing in the bond markets, Spain issued in the morning 2.5 billion euros of debt in three to six months, with yields down by sharp the previous auction of this type.
The euro rose to 1.3270 dollars around him after reaching 1.3292 to the dollar after the announcement of an agreement on the Greek plan.
Signs that debt problems are not confined to Greece, the European Commission will propose Wednesday to suspend payments from the Cohesion Fund for Hungary from 2013, due to lack Budapest progress in reducing its budget deficit, shows a document of the EU executive.
CGT plant ArcelorMittal proposes to transform the site into electric arc furnace. Since its closure, Grandrange is regularly pointed to by the left as one of the failures of Nicolas Sarkozy.
CGT plant at ArcelorMittal Gandrange (Moselle) presented Friday a draft EAF, which the union could "save" the site where a mill still operates steel supplied from Germany. "We offer ArcelorMittal to invest 120 million euros in the construction of an electric furnace to supply the local mill," said Jacky Mascelli to reporters, one of the leaders of the CGT at the factory Grandrange. "To produce the steel that we now come to Duisburg (Germany), we propose to use the scrap produced in the region, notably by the automotive industry," he said.
For the CGT, the factory "integrated" (steelmaking-continuous casting-rolling) "will guarantee the sustainability of the site Gandrange" which still employ about 350 steelworkers, against more than 1,000 before the closure of the steelworks in March 2009 . The project presented Friday by the CGT looks like that the union had presented in March 2008 and which already provided for the construction of an electric oven "scrap all" to enhance the mill crowns and bars Gandhinagar, one of the only active for long products in Europe. The draft will now be "carried" by the Left Front, several representatives were present Friday in Lorraine.
Since its closure, the steelworks Grandrange is regularly pointed to by the left as one of the failures of the quinquennium of Nicolas Sarkozy. February 4, 2008, following his marriage to Carla Bruni and after a highly publicized visit to the factory Moselle, the president pledged to support the state "all or part of investment required "to keep the mill operating.
Altran Thursday confirmed a large increase in operating margin for 2011 following growth of 7.2% of its turnover for the year, and said he was "reasonably confident" in 2012 despite ; economic uncertainties.
Sales of specialist technology consulting totaled 1,419.5 million euros last year, growing "economy" of 8.1% (on a comparable basis excluding the impact of exchange and changes in working days).
This publication dope title to the Paris Bourse, where the action is gaining 4.18% to 3.96 euros, shoulder to shoulder with Plastic Omnium top of the largest increases in the SBF 120 (+ 0.35%).
"We are convinced and seduced by the strategy and decisions implemented by the new management group," says a note in CM-CIC Securities, the purchase value.
"Certainly, the current should not favor the rapid improvement of the fundamentals of Altran, but we believe that the work done by the new CEO of the group should begin to bear fruit in 2013, both in terms of operating performance and cash as corporate culture, "said the intermediary.
The fourth quarter alone, sales of Altran amounted to 370.6 million euros, increasing by 6% and an "economic growth" of 8, 6%.
"Despite an uncertain macroeconomic environment, the Group is reasonably confident for 2012," he said in a statement its CEO, Philippe Salle.
Philippe Salle had told Reuters in October Altran, a deficit in 2010 would remain negative in 2011 but would profit in 2012.
Right in the debate on greater involvement of the European Central Bank (ECB) in the rescue of the euro, the institution claimed to have bought nearly 8 billion euros of bonds fragile last week against four, 5 billion the previous week. ECB
The European Central Bank (ECB) announced Monday that it bought nearly 8 billion euros of government bonds on the secondary market over a week against nearly 4.5 billion euros over the previous seven days. The total purchases of the ECB as part of this program, which began in May 2010 when the emergence of the Greek debt crisis, this is close to the threshold of 200 billion euros (194.5 billion euros).
The ECB never gives details of its operations, to know which country and how much it bought the debt.
Antonio Borges, director of the Europe Department International Monetary Fund (IMF), has resigned with immediate effect, the Fund announced Wednesday.
The IMF notes that the Director General intends to appoint Christine Lagarde Reza Moghadam, Director of the current strategy to succeed Borges, effective Thursday.
Over 100,000 taxpayers have disclosed their assets in OECD countries for two years. It reported one billion euros in France. The headquarters of the Cayman National Bank in George Town. The Cayman Islands are in the core of tax havens.
Almost 14 billion euros in tax revenues were collected in the last two years in twenty countries through international agreements concluded in the fight against tax evasion, the OECD said on Tuesday. "There's much more in the pipeline", but assured the Organization for Economic Cooperation and Development (OECD) at the opening of its fourth Global Forum on transparency and exchange of information for tax purposes .
These are, says the OECD, will provide "a substantial contribution to fiscal consolidation without increasing tax rates" in many countries forced to increase the tax burden to deal with the crisis."It is important that everyone contribute their fair share," notes the organization. The OECD states that the measures against tax evasion reported more than one billion euros in France, Germany 1.8 billion to 1.4 billion U.S., 150 million at the Australia and 260 million in Spain and the UK.
Over 100,000 taxpayers have disclosed their assets (including 30,000 in the United States, 1350 in the UK, 4,700 in France and 25,000 in Germany), she says. The Global Forum on transparency and exchange of information for tax purposes, housed at the OECD brings together 105 countries and territories. This Tuesday and Wednesday to finalize a report on "progress towards fiscal transparency" for the G20 summit to be held in Cannes on November 3 and 4. Other reports are expected on a number of tax havens after the meeting.
Halfway to a series of meetings decisive for the future of the euro, Europeans always struggled Sunday to set a major response to the crisis of debt, after Greece, Ireland and Portugal , now threatens to bring Italy and Spain.
Saturday, more than ten hours of meetings were needed to reach an agreement on a recapitalization of the banking sector to the tune of 100 billion euros, which was yet largely gained at the technical level this week.
The work, however, little or no progress on the form that is chosen to leverage the fund to support the euro and to reduce the Greek mountain of debt, even if a discount up to 60% of the shares held by investors Private is under discussion.
These discussions are held with their eyes on the economic situation in Italy which puts the Europeans against the wall because the current instruments to support the single currency are not powerful enough to rescue a country of this size .
As a prelude to the European Council, Nicolas Sarkozy and Angela Merkel met with Italian Prime Minister Silvio Berlusconi for half an hour Sunday morning.
Diplomats said the meeting was organized to increase the pressure on it so that it implements a more resolute reforms announced in September and reassures markets on its ability to maintain control in the Italian debt, which exceeds 120% of GDP.
A German government source said the head of the French state and the German chancellor had stressed "the urgent need for concrete and credible actions in the countries of the euro area", otherwise the decisions taken in the coming days n ' will have no effect.
Angela Merkel had insisted on Saturday that Italy would reduce its debt so as not to jeopardize the support mechanisms for the euro, "regardless of the height of these walls of protection."
BANKS
On his arrival in Brussels, the Chancellor warned that one should not expect final decisions at the EU summit and the euro area held Sunday.
It must now rely on the consent of the German parliamentarians to any reform of the fund to support the euro, making it difficult European negotiations.
Following an agreement reached Saturday, about sixty of the largest European banks need to recapitalize by 30 June 2012 at 100 billion euros to hold at least 9% of equity "hard" core tier one .
Some 38% of this amount, which may not be officially published, should return to the three countries already under the aid program: Greece, Portugal and Ireland.
Banks will also mark their sovereign debt to market value and the institutions that will not comply with this set of rules will be banned from paying dividends to their shareholders and bonuses to their executives.
The bloc have also talked Saturday reactivation of the guarantees offered to banks in the fall of 2008 at the height of the crisis, enabling them to find financing in the medium and long term, said on the same source.
According to this, three models are being studied, with varying degrees of coordination between European security mechanisms.
GREECE
Ministers are also extensively revenues Saturday on the back Greek and how to make Greek debt sustainable in the long term.
According to a report that will serve as the basis for decisions of the leaders of the euro area, private creditors of Athens may have to accept a loss of up to 60% on their sovereign debt.
The EU finance ministers, however, remain divided on the voluntariness or otherwise of the private sector to the new rescue plan for Greece.
Fearing to trigger a credit event with unforeseeable consequences, France and several other countries are reluctant to go beyond the envelope of 50 billion euros negotiated last July 21 with the banks, as called for Berlin if necessary by forcing them to go the extra mile.
Friday night, Athens received a shot in the arm with the provisional go-ahead European payment by mid-November of the next tranche of international assistance by 8 billion euros, without which Greece would default on its sovereign debt in the coming weeks.
The IMF still has to validate itself as such payment, subject to his ambitious decisions of Heads of State and Government of the euro area to reduce the mountain of debt indefinitely.
EFSF
The last part of the discussions – the multiplication of the European Financial Stability Fund (EFSF) – has so far been barely touched by the ministers, that would leave it to decide this question and leaders.
Friday night, Minister of Economy, Baroin, confirmed that France continued to believe that change the cash in bank was the best solution even if Paris does not make a red line.
According to several sources, Nicolas Sarkozy hopes to build on a broad international support to try to convince Angela Merkel, less than two weeks of the G20 summit in Cannes where international partners in Europe hold them accountable.
Granted a banking license in EFSF would allow access to funding from the European Central Bank to increase its capacity for action by a factor of up to five.
But Berlin rejects this possibility, which would be to accept that the institution of Frankfurt finance the countries of the euro area, one of the dogmas explicitly excluded by the European treaties since the creation of the euro.
The other members of the euro area are also divided, Belgium and Spain having voted for a reconciliation BCE-EFSF while Slovakia and Austria have indicated that this solution was not studied.
European leaders are under intense pressure by their international partners to take decisive action against the crisis.