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The technical rebound that would make sense after the recent decline on Wall Street will perhaps not be because investors are still wondering about Greece and on economic growth and the corporate earnings season and its possible surprises coming to an end.

The Standard & Poor's, the benchmark for fund managers, Friday fell below 1,300 points, after a sixth straight session of decline.

The S & P lost 4.3% over the past week, its biggest weekly decline since the beginning of the year. The Dow Jones at the same time lost 3.5% and the Nasdaq Composite 5.3%. The S & P lost 7.3% since early May

In addition, the first trading day of chaotic Facebook has made a bad impression.

G8 leaders have spoken this weekend for the maintenance of Greece in the euro area and pledged to take all necessary measures to revive the economy, recognizing that the same revenue could not be applied everywhere.

"The market is extremely oversold. Nevertheless, all major indicators remain on sell signals," said Larry McMillan, president of McMillan Analysis Corp in a note published Friday.

"We expect a significant rebound but short soon. But at this stage, unless major changes in our indicators, it could be a rebound in a market downtrend. "

…… .. Among the economic indicators of the coming week, investors will look at existing home sales for April, Tuesday, expected to 4.60 million units annualized, against 4.48 million in March

. The next will be published the new home sales. There should be 7,000 more than the 328,000 annualized in March … The

…… weekly jobless claims and durable goods orders are expected for Thursday while the index of consumer sentiment published by Reuters and University of Michigan to be released Friday. are expected flat in May compared with April

.

The idea put forward by the Socialist candidate is gaining ground. Mario Draghi, head of the ECB, also argues in favor of a pact to support the activity. But not necessarily with the same means … The PS candidate for president, Francois Hollande.

Just days after receiving the approval of several economists, François Hollande, the Socialist candidate for French Presidential Wednesday received unexpected European support in its application for a Growth Pact, and presented in the wake of his runways renegotiation of the treaty European budget.

"The day after the election, if I have received a mandate, I will address a memorandum to heads of state on the renegotiation of the Treaty" on European public finance, said Francois Hollande, given the polls largely winning the second round the presidential election to be held on May 6, against the incumbent President Nicolas Sarkozy.  

This treaty was signed in March after it was negotiated under the leadership of Angela Merkel torque-Nicolas Sarkozy. This is a text of strict budgetary discipline, which aims to end the debt crisis in the eurozone. The Socialist candidate, in the lead Sunday in the first round of the presidential election with 28.63% ahead of Nicolas Sarkozy (27.18%), pleads for weeks for a renegotiation of the text, in order to add a growth program .

"The serious budget yes, austerity in life, not," insists the Socialist candidate. The good surprise for Francois Hollande came Wednesday in Brussels. In front of MEPs, the President of the European Central Bank (ECB), Italy's Mario Draghi, has admitted that Europe was not sufficient for growth. "We have a budget pact (…), we must go back and make a pact for growth," he said.  

"Things are well advanced (…) ideas cheminent and the French vote is probably much," said Francois Hollande in Paris, during a press conference. And he detailed his proposals: "creation of eurobonds (European bonds, note), not to pool the debts but to finance industrial projects of infrastructure"; "liberate more funding opportunities for the European Investment Bank" (EIB), "creation of a tax on financial transactions"; mobilization "remnants of European structural funds not used today to support projects".

But it will convince the German chancellor, with whom he sees the "firm but friendly discussions". "Is that it may lead to clash? We are not there to create conflict, but not to cover different interpretations or dissimilar positions," he judged. Angela Merkel has kept his distance Wednesday with Francois Hollande, while recognizing the need to stimulate growth.

"We need growth and growth form of sustainable initiatives, not just economic programs – which still dig the debt – but growth, as Mario Draghi said today, as structural reforms, "she said. However, the leader of the euro zone, Luxembourg Prime Minister Jean-Claude Juncker, called in turn for a "growth strategy" for restarting the European economy.  

Francois Hollande was snubbed for weeks by conservative European leaders, Angela Merkel in the lead, who refused to receive it before the election because of his opposition to the treaty budget. President Nicolas Sarkozy warned since the beginning of the campaign against his opponent's economic program, he considers wasteful and he says it could trigger a wave of market speculation.

Francois Hollande "is a serious left, there will be fiscal responsibility, we will reduce the state deficit and we will do in 2013, passing below 3%" of gross domestic product (GDP), Pierre Moscovici said Wednesday, his campaign manager.

Bonduelle wants to reduce the share of its business in France and, overall, in Western Europe where consumption remains sluggish, and grow in North America and Eastern Europe where the group recently conducted a series of acquisitions.

In an interview with Reuters, the chairman of the group specialized in canned and frozen vegetables believes that France could well be less than 20% of its sales in five years , against 36% today.

The group's strategy is to "dilute France and Europe as a whole, for reasons of profitability but also risks," he says. 

Bonduelle generated an operating margin of just 2.2% in the EU in the first half of fiscal 2011-2012, while it reached 12.9% in the rest the world.

"Two thirds of sales account for only one third of our profitability and vice versa. There is no need for great strategist will tell rather outside Europe, "notes Christophe Bonduelle

. This profitability gap, found long, has also prompted the group, created in 1853 to engage in acquisitions outside the European Uni ; enemies

. In March, Bonduelle has acquired three U.S. processing plants and a fitness frozen vegetables belonging to the group Allens American as well as industrial and commercial assets of the cooperative group in Russia Cecab FINANCING DEBT

. A

For these acquisitions, the group chose to go into debt rather than carry out a capital increase. 

According to the president, "the magnitude" of the group's net debt at the end of the 2011-2012 fiscal year and should be at 591 million euros, as provided sees analysts, while at the end of 2010-2011 it totaled 492 million euros.

These acquisitions will allow the group turnover exceeding 1.8 billion over the 2011-2012 fiscal year, ended June 30, against 1.7 billion euros a year earlier.

"We'll pass the milestone of two billion euros over the 2012-2013" provides Christophe Bonduelle.

Allens plants will bring nearly 130 million euros in turnover for the year 2012-2013, an amount which will increase to 170-180 million in the next three years. 

"A three-year horizon, North America will represent about 500 million euros in revenue" while on the year to June 2011, sales in this area totaled $ 284 million.

The acquisitions made in Russia will have an "extremely limited impact" on the 2011-2012 fiscal year but in 2012-2013 are expected to add revenues of the order of ten million euros.

"But this operation we should primarily relate to profitability as we go" Russify "a larger portion of our goodwill out there".

Around 10:30, the action Bonduelle yielded 1.36% to 72.4 euros (-1.36%) showing a market capitalization of 579.20 million. It grew by 15.8% since the beginning of the year.

Wall Street indices finished in a disorganized Monday, the Dow for his part having benefited from the support of consumer values ​​in a stock market that has adopted a defensive posture.

Such values ​​is seen as a safe haven for investors in times of crisis.

Renewed fears arising from the debt crisis in the euro zone in general and Spain in particular has offset the good effect created by retail sales, which explains the clos ; ture no clear trend in the S & P-500.

In contrast, the Nasdaq has fallen in the wake of Apple, whose shares gained 45% since the beginning of the year and was thus exposed to equity bé ; néfice. 

Mattel, which saw its quarterly revenue decline, and Google, Oracle facing the courts, have also sealed the Nasdaq.

The Dow Jones gained 71.82 points (0.56%) to 12,921.41 points. The S & P 500 lost 0.69 points (0.05%) to 1,369.57 points. The Nasdaq Composite yield 22.93 points (0.76%) to 2,988.40 points.

The stock market had yet received good news in early trading.

Retail sales in the U.S. rose 0.8% in March, above expectations, despite rising gasoline prices, suggesting that the e U.S. economy has not slowed in the first quarter as much as some might fear.

But not long after, the stock market learned that the moral property developers had declined in April for the first time in seven months, with an index NAHB / Wells Fargo standing at 25, disappointing expectations economists who were waiting stable at 28. 

To drive the point home, the New York Fed announced that manufacturing growth had slowed sharply in April in its region to reach its lowest level in five months.

Citigroup was also good news in early trading in reporting a profit above expectations in the first quarter 2012 through a decrease of 7% of its expenditure, improving the economy and financial markets more active after a difficult year-end 2011. The action takes Citigroup 1.77% to $ 34.

Values ​​always, Avon sells 2.08% to 23.03 dollars. Coty reiterated Monday that he proposed to buy Avon Products to 23.25 dollars per share, an offer to $ 10 billion (7.6 billion euros) that specializes in direct sales cosmetics had rejected earlier this month in the judging undervalued.

The high techs, Apple sells 4.15% to 580.13 dollars.

Google gives up 3% and 0.5% ahead of Oracle. Oracle has filed suit against Google in August 2010, accusing the Android operating system of the latter of infringing intellectual property relating to its Java software. Jury selection began for PROCESA Monday.

Mattel drops by more than 9% to $ 31.

European shares ended higher after a session sawtooth, like the other days of the week, markets have not yet exhausted potential correction, say some observers.

In Paris the CAC 40 index closed up 0.99% at 3269.79 points, is back above its 200 days moving average.

Among the major European markets, London and Frankfurt gained 1.34% 1.03% but Madrid, affected by concerns over its sovereign debt, lost 0.75%. Of the European indices, the Euro Stoxx 50 has been 0.46% and 1.01% Eurofirst 300. Cyclical stocks led the way increases, including commodity index which took 3.03%.

Values, STMicrolectronics ended up 4%, while Schneider Electric gained 3.9%. A reversal of the trend, Vivendi ended down 1.76%, the worst performance on the CAC 40.

"There is a rumor circulating on the Chinese GDP tomorrow (Friday) … rumor of 9% instead of 8.40% expected," said one trader. Analysts polled by Reuters expect the announcement of a GDP growth of 8.3% in China in the first quarter versus the same period last year.

The gold price could rise next year a historic peak above 2,000 dollars an ounce, after 12 years of growth, before tapering off as the monetary policies of major world economies return to normal, said the president of GFMS, a consultancy specializing in metals.

The market is expected to set new records around the beginning of 2013 after difficulties this year due to weaker demand in the physical market and the slowdown investment in bullion, told Reuters Philip Klapwijk, on the occasion of the publication of the annual report on the subject of GFMS. 

He emphasized that the persistent concerns related to the debt crisis in the euro area, as growing expectations of further monetary easing by the Federal Reserve, should be given to gold, whose price could exceed $ 2,000 per ounce.

But this increase could be short-lived, especially in the event of a rise in U.S. interest rates.

Philip Klapwijk table for 2012 on an average gold price of 1,731 dollars an ounce, in a trading range of 1530-1920 dollars. The ounce of gold in September reached a record high of 1,920.30 dollars per ounce.

GFMS is a group company Thomson Reuters.

Turkey has maintained a growth rate near the Chinese last year. The crisis in the eurozone is expected to slow to just 4% in 2012 before an expected rebound next year.

A little slack in the fourth quarter prevented the Turkish economy as well as to China in 2011. It has not been less vigorous growth of 8.5% over the last year, announced Monday the statistical institute, TUIK, against 9.2% for the Middle Kingdom. The government expected a growth of about 8.0% in 2011. In the first three quarters, it was 9.6%. But slowed to 5.2% in the fourth.

The Gross Domestic Product (GDP) per capita reached 10,444 dollars (780 euros) or $ 365 more than in 2010, according to the TUIK. "The growth rate is probably the second highest in the world, after China", welcomed the Minister for Science, Industry and Technology Nihat Ergun, was quoted by the Anatolia news agency.

Finance Minister Mehmet Simsek for his part stressed that the rate was in line with government expectations, which in a challenging global economy is trying to organize a "soft landing" of its economy. "The figures in the last quarter show that the soft landing process continues at a steady pace, in line with government objectives," said Mr. Simsek to Anatolia.

The government forecasts growth of 4% in 2012 in the wake of the crisis in the eurozone but believes that this slowdown will be short lived. In 2013 and 2014, Ankara expects a 5% rate. "With the good growth performance and discipline policies implemented in the process of improving indices of the Turkish public debt continues," said Deputy Prime Minister Ali Babacan was quoted as saying.

"While concerns grow about public finance from developed countries, the improvement in Turkey's public deficit and debt burden will be important to maintain confidence and sustainable growth based on private sector demand "added Babacan. Turkey, a country of about 73 million people, political power and regional 17th world economy had grown by 8.9% in 2010.

PSA Peugeot Citroëna announced Tuesday that its capital increase to seal an alliance with General Motors had created a demand almost 1.8 times greater than supply.

The automotive group had discussed the appeal to the market in late February when it announced its agreement with the world number one and its coming to its capital as the second shareholder derriè ; re the Peugeot family.

Launched on March 6, the capital increase has removed a gross amount of 999,010,000 euros, PSA said in a statement, or the creation of just under 120.8 million new shares. 

The subscription price had indeed been set at 8.27 euros, showing a discount of approximately 42% over the closing price on the eve of the publication of modality ; s of the operation.

"The total demand amounted to approximately 1.78 billion euros, a subscription rate of 178%," the statement said.

"PSA Peugeot Citroën welcomes the success of this operation, which will fund the investment projects relating to the Strategic Alliance with General Motors," said President of the Executive Philippe Varin said in the statement.

The capital increase, as expected, allowed GM to take 7.0% stake in the group. Meanwhile, the Peugeot family, largest shareholder, has reduced its holding to 25.2% of the capital and 37.9% of exercisable voting rights.

Without waiting for finally reached this stage, PSA and GM had announced in recent days the composition of a steering committee composed of their alliance of five top leaders of both groups.

Observers now expect the first decisions from the industrial alliance, which could extend the gearbox to the joint design of new models. But longer term, this cooperation could have social consequences, both groups overcapacity in Europe.

In exchange, the action has finished PSA to 12.63 euros before the publication of the results of the capital increase. At this price level, the group is valued 2.96 billion euros, against just over EUR 30 billion for GM, according to Reuters data.

Nissan will recover the Datsun brand and focus development on India, Indonesia and Russia, said Tuesday its CEO Carlos Ghosn.

The Japanese automaker, he said, plans to invest $ 400 million (300 million) over two years in Indonesia, including hiring double by 2014 and triple its sales outlets the country, bringing the number to 90,000. Indonesia is the main economic power in Southeast Asia.

Carlos Ghosn, who is also CEO of Renault, has already spoken in the past the potential of the Datsun brand, under which most cars and pickup trucks were sold in Nissan outside of Japan until 1981.

Despite its abandonment decided there are more than 30 years, the brand is known in the U.S., the Middle East and Asia.

"It's a green car, affordable, for small movements, with a high local content," said Carlos Ghosn about Datsun. "This car will be a generous," he added.

Monday, Nissan officials met with Indonesian President Susilo Bambang Yudhoyono and promised to inject $ 400 million in order to double production of the group in the country for 2014.

"The priority (for Nissan in Indonesia) is the Indonesian market. If there is room for increased capacity, it will be for the domestic market rather than for export, although that is competitive in terms of costs, "said Carlos Ghosn.

Economic growth of the G20 countries slowed to 0.7% in the fourth quarter of 2011, after +0.9% in the third, according to preliminary figures released Wednesday by the OECD .

Over the whole of 2011, growth stood at 2.8% in the 20 largest world economies, a marked slowdown compared to 2010 (5.0%).

These figures mask differences: the U.S., growth was 0.7% in the fourth quarter (+0.5% in the third), it increased significantly in India and Indonesia sia, and it slowed to 2.0% in China (2.3% in the third).

In Japan, growth was down 0.2% after a strong rebound (+1.7%) in the third quarter. 

In the EU, as in the euro area, GDP fell 0.3% in the fourth quarter, the first decline since the second quarter of 2009, after 0.3 % and 0.1% in the third quarter.