At a press conference in Singapore, he added that the fiscal measures taken by France were sufficient and the exposure of French banks to Greece quite manageable.

At the euro area, Christian Noyer said that the level of sovereign bond yields did not reflect reality, the day after an auction of Italian bonds where yields reached nearly 8%.

Inflation in the euro zone will return to the objective of the ECB in the next few months, also said the board member of the institution in Frankfurt, adding that all that was necessary would be done to avoid deflation or fight against inflation.

The Nikkei gained 160.98 points to 8,801.40 and the Topix, broader, took 13.44 points (1.82%) to 752.02.

Over the whole week, accusing the two indices, however, a decrease of 2.8% and 2.5%.

The beginning of the week had led to panic after Prime Minister George Papandreou had overtaken everyone by announcing Monday he would submit the bailout of Greece to a referendum.

The number of unemployed increased by 17,500 in September, announced the National Statistics Office Wednesday, however, below the 25,000 expected by economists.

But according to the methodology of the International Labour Organization (ILO), the number of unemployed increased by 114,000 over a period of three months to August, to 2.57 million, the highest number since October 1994.

Always within the meaning of the ILO and the period from June to August, the unemployment rate rose to 8.1%, the highest since October 1996, compared with 8.0% giving a consensus.

The Bank of England last week launched new measures to support growth, but Spencer Dale, a senior economist, told Reuters that the economy weakens more likely in the fourth quarter.

Nicolas Sarkozy Saturday at noon will receive the Executive Director of the IMF Christine Lagarde to talk about it with "the preparation of the Cannes summit of the G20 and the situation in the euro area," the Elysee Palace said Friday.

The head of the French state will fly the next day to Berlin for talks with German Chancellor Angela Merkel poour attempt to speed up the rescue plan of the single currency.

Leaders from the eurozone continue intensive negotiations for a recapitalization of banks in the EU to address the risks of contagion from the debt crisis.

Germany has given the green light last week in the expansion of the European Financial Stability Fund (EFSF), which is waiting for the ratification of Slovakia.

The project creates a "worklist", where 30,000 employees would be affected by the end of the year with a drop of 40% of their compensation. After a year they would be dismissed.

"Measuring worklist was unanimously approved," he told Reuters a vice minister at the meeting of the cabinet.

The final figure for growth in the U.S. economy was revised upward for the second quarter, up 1.3% of gross domestic product.

So a return to the first estimate, which was revised down to 1.0% in late August.Analysts had expected a growth rate of GDP revised up to 1.2%.

Final sales increased 1.6% against 1.2% in the first estimate and consumer spending were revised to 0.4% to 0.7%.

The PCE price index rose 3.3% over the quarter (revised from 3.2%). Economists surveyed expected an indicator to 3.2%.

The index "core", followed closely by the Fed, rose 2.3%, its largest increase since the second quarter of 2008.The previous estimate was 2.2%.

The figures released also show an increase in corporate profits after tax of 4.3% in the second quarter, the largest increase of this statistic in a year. The increase was only 0.1% in the first quarter.

Political tensions in the United States and the impact of the debt crisis in Europe have eroded confidence and fears of a return of U.S. recession.

The cautious optimism of economists now expects a further contraction of GDP will be avoided.Production companies continue to grow because, although at a slower pace since the beginning of the recovery.

In detail, the revised figures show, in fact more of a slower growing economy as a future recession.

Export growth is better than initially estimated at 3.6% instead of 3.1%. That of imports, however, is lower at 1.4% against 1.9%.

The trade deficit is less, and trade has contributed to GDP by 0.24 percentage point.

The European Union will significantly tighten its budgetary discipline to learn from the debt crisis, following a vote Wednesday the European Parliament which provides for sanctions easier to take than in the past against states that allow spinning their deficits. This vote will allow the entry into force of a device to strengthen the European Stability Pact, discussed for nearly a year and already agreed by member states of the European Union.

In the future, financial sanctions will fall faster and easier, in the form of cash deposit in blocked accounts can be converted into fines against countries deemed to be lax. This mechanism is intended as the consideration for the implementation of the Financial Assistance Fund for countries in trouble in the euro area.Reform – called "6 Pack" because it's actually six pieces of legislation-was originally proposed by the European Commission to draw lessons from the debt crisis in Greece.

Reform had become necessary as the Stability Pact, as it was originally designed has proved largely ineffective as too little deterrent. Governments have spent their time in ten years around it. The reform will allow the Commission to seek remedies and even punish states that move away from deficit criteria (3% of GDP) and debt (60% of GDP) by claiming that the State would make the ignore the deposit of a sum equivalent to 0.2% of GDP. The six pieces of legislation received the support of conservatives and liberals.

The left has denounced reform too focused on rigor and not enough on the recovery.The reform "is good news for the EU", welcomed the President of the European Parliament Jerzy Buzek after the vote. "Reform is an austerity pact that is based on cuts and penalties. It leaves no flexibility to EU states for spending smart, targeted investments," he regretted the contrary, the socialist Stephen Hughes .

Equity markets were initially retreated after the speech of the President of the Federal Reserve, it has not announced specific measures to strengthen the U.S. economy.

But investors finally judging that the U.S. central bank left the door open for further support measures, the values ​​are rising again.

"He did not offer the market a signal from a 'EQ3', but has not ruled out either," said Kevin Caron, Stifel Nicolaus analyst in New Jersey, about a possible new round of quantitative easing.

The Dow Jones finished with a gain of 1.21% or 134.72 points to 11,284.54 while the S & P 500 closed up 1.51% or 17.53 points, to 1176, 80.

The Nasdaq was awarded for its 2.49% (60.22 points) to 2479.85.

For the week, the three indices gaining 4.3%, 4.7% and 5.9%.

The CBOE volatility index, known as "fear gauge", fell 10.2% after several days of uncertainty about the contents of the intervention of Ben Bernanke.

Technology stocks have had a particularly strong session.Cisco Systems gained 1.59% to 15.32 dollars, Microsoft has made 2.77% to 25.25 dollars, and Intel has awarded 1.8% to 19.77 dollars.

The sector index of information technology has gained 2.3%.

"The market is a broad rally, and as the technology has particularly suffered in the last sales phase, we see them now at the top of the rise," said Gary Wedbush, head of trading in the regional investment bank Wedbush Morgan in Los Angeles.

The jeweler Tiffany jumped 9.35% to 69.01 dollars after raising its full-year and good second quarter results.

Trading activity could be affected next week by Hurricane Irene along the East Coast of the United States.

The exchange operator NYSE Euronext said the New York Stock Exchange plans to open normally next week, but a final decision would be taken until Saturday or Sunday, because of the risk of flooding during Hurricane .

The U.S. Commerce Department reported a 4.0% increase in orders in July after a decline of 1.3% (revised from -1.9%) in June

Analysts polled by Reuters on average expected a 2.0% increase.

The strong demand for airplanes and automobiles brought the statistics. Orders for transportation equipment included jumped 14.6%, their largest increase since January.

Excluding transportation, the increase was 0.7%, while the consensus expected a decline of 0.5%, following growth of 0.6% in June (revised from 0.4%).

Excluding defense, a 4.8% increase was announced, the highest since September 2010.The consensus was 3.2% after falling 0.9% the previous month (revised from -1.6%).

The index contracts on Wall Street have erased their losses as soon as these figures and bond markets have exacerbated their losses (in Europe) or erased their gains (the U.S.).

Orders for durable goods are considered a leading indicator of manufacturing activity in the United States.

The U.S. recovery has been fueled mainly by the manufacturing activity, but the fall in equity markets has affected both business and consumer confidence.

The aviation sector has supported the durable goods orders in July with a 43.4% jump in aircraft orders, which makes you forget the 24% decline in June

Boeing said on its website had received 115 aircraft orders, against 48 the previous month.

Orders for motor vehicles rose by 11.5%, their biggest increase since January 2003. They had increased by 0.1% in June

This improvement suggests that the effects of the earthquake of March 11 in Japan on the automotive industry are beginning to dissipate.

According to the document that Reuters was able to consult, the maturity of the loans will be extended from 7.5 years at least fifteen years, while interest rates will be lowered to about 3.5%, against around 4 , 5% today in the case of Greece and Portugal.

"We will provide loans to EFSF interest rates equivalent to those of the ease of using the balance of payments (currently approximately 3.5%) without falling below the cost of financing the EFSF" can we read in the project.

"This will be accompanied by a mechanism that will ensure appropriate incentives for the implementation of the program, including if necessary through collateral arrangements," the document, responding to requests by Finland on collateral to make for new credits.

The EFSF will also be allowed to provide preventive lines of credit to any country in the euro area, including those that are not subject to an assistance program of the European Union or the International Monetary Fund (IMF).

The paper added that discussions with the private sector participation in the second bailout of Greece is continuing and that all options are considered in the study.

"The financial sector has shown its willingness to support Greece on a voluntary basis through a list of options (exchange of debt rollover and redemption) on terms comparable to the support of public debt with the guarantee associated with higher credit "reads the project.

The EFSF was established in June 2010 to ensure the soundness of the single currency by giving states troubled loans guaranteed by member countries of the euro area.