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Softbank, a telecommunications operator which is not affected by the rising yen, jumped 8.37% on first half results historic, while the electronics group Sharp and construction equipment manufacturer Komatsu gained 6 respectively, 2% and 5.58% despite the downward revision of prospects for their result.

The surge in the yen to a new record high against the dollar, however, limited the gains.

The Nikkei rose by about 4% since the beginning of the month, while the U.S. S & P has won over 13% and move towards its biggest gain in a month since October 1974.

The number of job seekers without activity rose sharply in September (0.9%). Unemployment in France has been rising since May, except for a slight decline in August. Agency employment center in Nice.

The number of job seekers without activity in France has increased significantly in September, from 0.9% to 2.780 million people, 26,000 more unemployed. Over one year it grows by 3%, according to figures released by the Ministry of Labour Wednesday.

In total, the number of job seekers registered at employment center, including those with reduced activity (B and C), amounted to 4.175 million in late September (4.44 million including DOM), up 0.7% (27 600) a month and 4.5% year on year.

Labour Minister Xavier Bertrand said in a statement that the rise in unemployment in September was "bad figures relating to the downturn.""In these tough economic times for employees and businesses, the minister continues to mobilize the absolute terms of employment, particularly for young people," the ministry. Recalling the government's actions in favor of learning, he stressed that the number of jobseekers under 25 was down 2% year on year.

Still, a month, unemployment under 25 increased by 0.6%. And that of job seekers over 50 years increased by 2.1% (+14.3% yoy). As for the long-term unemployment, it continues to grow: the number of registered unemployed for a year or more rose 0.7% in September (+7.7% yoy).

In its economic outlook published in early October, employment center is considering an increase in unemployment in 2012.For 2011, the Agency plans to increase the number of job seekers without any activity of 5000 and 78,000 by including persons who have reduced activity. And if growth slows further in 2012, unemployment will continue to grow, "said employment center. Based on a growth assumption of 1.4% (the IMF), the number of job seekers without activity would increase of about 27,000. INSEE expects to turn a slight increase in the unemployment rate this year, to 9.2% in late 2011 after 9.1% in June

Groupama said in Monday night to Tuesday its CEO Jean Azema had been revoked and the new management team should improve operating profitability and solvency.

The board of directors of the mutual insurer has announced the appointment with immediate effect as CEO Thierry Martel and Christian Collin as chief operating officer.

"Jean Azema, who was CEO of the Central Fund of Commercial Union Assurance and Groupama SA since June 2000, leaving the company," said Groupama in a brief statement.

A spokeswoman confirmed to Reuters that he had been "revoked", writes Les Echos in an article published Tuesday.

"The priority of the new management team will implement measures to strengthen the solvency of the group while continuing to improve operating profitability," said Groupama in a statement.

Thierry Martel assumed since 1 January 2010 the Directorate General insurance and banking France the mutual insurer.Christian Collin was appointed general manager finance and risk in January 2010.

Fitch has downgraded the financial strength rating of Groupama 27 September last, with a negative outlook, while Standard & Poor's had lowered four days before his note from BBB + to BBB, also maintaining a negative outlook.

Jean Azema said last month that the mutual insurer would give priority to profitability rather than market share gains during the implementation of its new savings plan 2012-2015.

"The stock market listing of Groupama is reported at end of period, that is to say more towards 2015," he added.

France has not given up on persuading Germany to convert the fund to support the euro in the bank to allow it access to liquidity from the ECB and it relies on support that go beyond the European circles.

While the looming G20 summit in Cannes in early November, the United States, the major emerging countries and the International Monetary Fund (IMF) behind the scenes to push the firewalls erected by Europeans to be the strongest possible and involve the institution in Frankfurt.

"The problem is not Greece, but installing an effective firewall to prevent contagion to the rest of the euro area," summarized a source close to the G20, which highlights the risk posed by European dithering on the global recovery.

"For this, we must size and speed.The problem with a special vehicle is that it will take time to implement and its size will not necessarily. Only the ECB has the size and speed of action needed, "the source said.

Paris can also rely on more or less active support of no less than 14 out of 17 countries within the euro area, only the Netherlands and Finland, closing ranks with Berlin.

The Italian, Belgian or Spanish are particularly active in defense of the French position, says one EU source.

"The French do not want to budge and insist on their idea.Their position has not changed, "said a diplomat on Sunday morning of a great country in the euro area in favor of positions taken by Nicolas Sarkozy.

Another source said that if the French Minister of Economy, Baroin, suggested Friday night flexibility on this issue was first to open the door to possible trade-offs between different aspects of the response to crisis in which STRIPS Europeans.

Because if the Germans are opposed to the transformation of the European Financial Stability Fund (EFSF) in the bank and to leaving the ECB to become lender of last resort in Europe, the French refused to endorse them on the discount of up to 60% demanded by Berlin on the Greek titles.

ECB

Remains unknown: the position of the European Central Bank, after Jean-Claude Trichet has left office, October 31.

The French are hostile to the evolution of double EFSF and the institution of Frankfurt but his successor, the Italian Mario Draghi, the current governor of the Bank of Italy and considered more pragmatic, there is not necessarily opposed.

"It is likely that Italy is on the side of France against the toughest positions defended by Germany and the Netherlands", do you confirm the Italian Treasury.

The arrival of the "pragmatic" Jörg Asmussen to the Board of the ECB to replace the "hawk" Jürgen Stark as the representative of Germany as well as a possible French digitally replacing Jean-Claude Trichet could also influence the position of guardian of the euro.

In the past, the ECB had similarly plot of "red lines", as its absolute refusal to buy government bonds markets or to consider a discount of Greek debt to be forced to abandon under the pressure from a deepening crisis.

To maximize the firepower of the EFSF, Germany and the ECB's call for a partial insurance mechanism sovereign debt of countries in the euro area.

Another alternative would be to create a special vehicle fueled in particular by foreign sovereign wealth funds and resources which the Fund would have access.

General Electric announced Friday a 18% increase in quarterly profit, supported among others by its activities in aircraft engines or in health facilities.

The first American industrial conglomerate plans to increase its operating profit per share of a double-digit percentage next year, despite a "volatile global economy," according to CEO Jeff Immelt.

"We sail on a sea of ​​oil in a volatile global economy," he said in a statement.

The group reported a profit attributable to shareholders of $ 2.34 billion (1.7 billion) in the third quarter, or 22 cents a share, against $ 1.98 billion, or 18 cents per share, a year earlier.

This result includes a charge of eight cents per share for the redemption of preference shares sold to the fund of Warren Buffet Berkshire Hathaway during the financial crisis.

Excluding items, earnings totaled 31 cents per share, a level consistent with the consensus analyst forecasts Thomson Reuters I / B / E / S.

The turnover stood at 35.37 billion dollars, higher than the 34.94 billion expected by analysts.

"The turnover was high and the rate of organic growth was strong," said Jack De Gan, Harbor Advisory.

"They give us a preview of the next quarter and beyond."

GE has offset the slowdown in demand in the United States and Europe thanks to its strong presence in emerging markets, including China, Russia and the Middle East.

In early trade, the share was 1.20% while the Dow Jones clinching 1.13%.Since the beginning of the year, action has lost about 9% of its value.

This decline is due to the fear caused by a smaller margin than expected, especially since the benefit has itself been supported by favorable taxation.

"The margins came out below our expectations and are down from one year to another in the four major industry segments," noted Jeffrey Sprague of Vertical Research Partners.

These results furthermore suffer from the comparison with other industrial groups. Honewywell has reported Friday a profit increase of 45%. Caterpillar and 3M, other barometer of the health of American industry, publish next week.

The French and German leaders, as well as European leaders and the Executive Director of the IMF will meet in the evening of Wednesday in Frankfurt for a preparatory meeting at the EU summit on Sunday the crisis of the euro.

French President Nicolas Sarkozy and German Chancellor Angela Merkel will be accompanied by their finance ministers Baroin and Wolfgang Schäuble, the ECB President Jean-Claude Trichet and his next successor, Mario Draghi, the European Council President Herman Van Rompuy and that of the European Commission Jose Manuel Barroso, and the IMF Executive Director Christine Lagarde.

"No statement is expected at the end of this working meeting," said President of the French Republic.

The meeting came a day after the lowering of the rating two notches by Moody's Spanish, which has increased pressure on European leaders urged to engage at the summit of 23 October breakthroughs to resolve the sovereign debt crisis.

The rating agency had announced the day before she gave herself three months to assess the French Aaa rating and stable outlook, on a background of slower growth, crisis in the euro area and calls for a recapitalization of banks .

In this context, the markets have high expectations of the European Council to be held this Sunday, and during which France and Germany have promised to present a solution "comprehensive and lasting peace" to the crisis of the euro.

A French government source said French President Nicolas Sarkozy did not rule out further action to protect the signature of France to the rating agencies. see

"I do not rule out making further reforms if necessary," said the French president at the Council of Ministers on Wednesday, according to remarks reported by a government source."He did not rule out doing more, he said, 'We'll see if we fit,'" the source said.

Faced with the hopes raised by the top financial centers on Sunday, German Chancellor reiterated its invitation Wednesday markets patience.

"These sovereign debt has accumulated for decades, so we can not resolve in a single peak. It will be hard work over the long term," she said at a conference the press.

A theme echoed by José Manuel Barroso. "We are at a decisive moment, which requires clear answers and determined responses together," he said."Do not expect us to be at the end of our troubles."

"Finito BASTA"

According to German newspaper Handelsblatt, citing government sources, Germany is considering using the European Financial Stability Fund (EFSF) to help states pay the interest on their debt.

This could take the form of a suspension of payment of interest through the issuance of zero coupon by the EFSF, the newspaper said.

Some countries such as China, India and Brazil could also contribute to strengthening the capacity of the fund, said last Handelsblatt.

Berlin, however, tried to put an end to speculation about a possible increase in funding for the EFSF.

"There is no discussion of an increase in excess of 440 billion euros, that's it, finito, basta," said the spokesman for the German finance minister, Wolfgang Schäuble.

Two senior officials of the European Union had earlier denied reports the British daily Guardian that France and Germany have agreed to carry the EFSF to 2,000 billion euros as part of plan to resolve the crisis debt in the euro area. and

One of the two leaders said it was not easy to increase the capacity of the EFSF, currently at 440 billion euros.

Leveraging the EFSF? "NOT SO SIMPLE"

"It is naive to think we can do this kind of calculation and come up with a nice round figure of 2,000 billion.It's not that simple, "he said.

European leaders, however, could agree on Sunday means the multiplication of the response capacity of the EFSF, allowing it to secure some of the new issue of debt in the euro area, said on Tuesday European officials.

Ensuring, for example, the first 20% to 30% of potential losses, the EFSF could triple or five overall capacity for intervention.

With about 300 billion yet available, the EFSF could thus increase its fire power to more than 1,000 billion or 2,000 billion, which would be sufficient to cover the financing needs of Spain and the Italy in 2012.

Greece is still mired in recession and the debt is expected to reach 357 billion euros this year, equivalent to 162% of its gross domestic product. Most analysts agree that this debt can not be honored by Athens.

The country is experiencing this morning for a general strike for 48 hours decided to protest against austerity, and scuffles broke out in parliament between demonstrators and police.

Coca-Cola announced Tuesday a quarterly profit that just beat the consensus, thanks to sales growth throughout the world.

The world leader in soft drinks has reported net earnings of $ 2.22 billion, or 95 cents a share, against 2.06 billion (88 cents a share) a year earlier.

Excluding items, EPS was $ 1.03 compared to the consensus Thomson Reuters I / B / E / S, which gave $ 1.02.

Revenues jumped 45% to 12.25 billion, boosted by the acquisition in 2010 of bottling operations in North America, by price increases and a favorable currency impact. Analysts were expecting a turnover of 12.01 billion.

Volume, worldwide sales increased 5%.In North America, the increase in volume is the same, with the addition of new brands being cross-licensing as Dr Pepper. Leaving aside these brands, sales increased 1% in volume in North America.

In Latin America, volume growth is 7%. It is 2% in Europe, 7% in the Eurasia-Africa segment and 6% in the Pacific region.

The action is down in pre-market.

Wall Street is entering a crucial week that will allow investors to determine whether the U.S. stock markets are able to make it three and a further rise in weekly chain.

After its strongest rally recorded in two weeks and more than two years, the S & P 500 rises to a high of two months.This index, the most followed by fund managers, finished Friday above the 1220 points, a level it had not crossed since early August.

The fate of the New York stock market indices may depend on which will be published quarterly in quick succession this week, with the publications of third groups included in the Dow Jones.

In this list are Microsoft, American Express, Johnson & Johnson as well as Citigroup and Goldman Sachs will have to forget the disappointing trial results released last week by JPMorgan.

But investors will be especially the eyes of the figures for Chimene will be delivered by Apple after the death of its founder Steve Jobs and the launch of the fifth version of its iPhone, 4S.

"There are fundamental catalysts that could have a positive influence on the trend," said Richard Ross, Auerbach Grayson strategist at New York.

He said the S & P 500 "has the potential to go far beyond this level of resistance (1220 points) and quickly find the next level, between 1265 and 1275."

The spectacular rise in stock market indices from the lowest of 2011 took many investors by surprise and many traders and managers have tried to catch the train.

Last week, the Dow Jones took 4.9%, the S & P 500 6% and the Nasdaq 7.6%.

RESULTS IN SUPPORT

The estimated results and already published suggest an average growth of 12.4% of the profits of listed companies on the S & P 500, according to Thomson Reuters data.In July, growth was stood at 17%.

But groups such as Apple or IBM, whose shares have risen to historical highs Friday, should exceed the expectations and any positive surprise will fuel the rally.

"The prices will start to reflect more optimism," said Wasif Latif of USAA Investment Management.

"The groups with high growth, with expectations that surround them, must have a factor of 'wow'," adding that it was not impossible that the two groups still climbing.

Sign of easing tensions, the VIX index of volatility, sometimes referred to as a barometer of fear, fell over last week, closing Friday at a low not seen since Aug. 3.

While the proliferation of indicators and poor acceleration of the crisis of European sovereign debt had fueled the shift of indices, investors now seem to have chosen the side of optimism, encouraged by the activity responsible for the area euro.

These indicators, which appeared this summer also suggests a return to recession in the U.S. now seem less bad than some expected.

SAP, the world of enterprise software, announced Friday a higher-than-expected results for the third quarter, resulting in strong growth in the German action.

By 11:25 GMT, the action of SAP advanced 2.21% to 41.44 euros, making slightly better than European technology index values ​​(2.18%) boosted by the good results of Google.

"The backlog of SAP remains available and the companies continue to invest in IT," said SAP in a statement, responding to those who fear a decline in spending.

During the third quarter, the group recorded a turnover of 3.41 billion euros against consensus of 3.32 billion analysts according to Thomson Reuters I / B / E / S.

Operating profit rose 23% to 1.13 billion euros, against one billion expected by analysts.

SAP confirmed that, for all of 2011, he was counting on the top of its forecast range for growth in sales of software and related services, ranging from 10% to 14%.

The operating profit of the group should also be near the top of the range of 4.45 to 4,650,000,000 euros.

"We are positively surprised by the level of licensing. We believe that new products have enabled SAP to grow its revenues," said Oliver Finger at DZ Bank.

Deutsche Bank would need 9 billion euros in fresh capital to achieve a ratio of core tier 1 capital of 9% under the current stress tests of the European Union, told Reuters on Thursday two sources with knowledge of the calculations.

These sources indicate that the bank pass the tests if the required ratio was 7%.

Deutsche Bank declined to comment.Earlier in the morning, its chief executive Josef Ackermann said that the bank would do everything possible to avoid a forced recapitalization, noting that it had sufficient resources to prepare for a crisis.

European authorities began Wednesday to prepare the ground for a possible failure of Greece, announcing that they reassessed the market price sovereign debt held by banks in the EU as part of the recapitalization process in progress, while curing the 9% threshold due to equity "hard".