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European shares rebound in early trade Tuesday, pending the announcement at 14:30 (Paris time) revised figures for U.S. growth in the third quarter after heavy fall the previous day, but concerns about the financial position Europe and the U.S. remain strong.

At 9:03, the CAC 40 index advance 1.37% to 2935.01 points after falling 3.41% yesterday.

The Milan Stock Exchange gained 1.35% (-4.74% Monday), the London 0.83% (-2.62% yesterday) and the place of Frankfurt 1.1% (-3.35% Monday ).

French banks, which publish their accounts in early November for the third quarter, are expected by investors on their performance in market activities and their cost of funds after the market storm of summer has suddenly melted during their Stock Exchange.

Beyond the impact of depreciation on new Greek debt as a result of the Europe Agreement of 27 October and an expected revaluation of debt that will boost results, they should undergo a significant decline in their income banking and investment (BFI), analysts said.

Institutions such as Barclays, UBS and the Swiss German Deutsche Bank, have all recorded sharp decline in income and profits in this sector.

"Given the volatility in the markets since this summer, we will look closely at the impact on market activities," said Christophe Nijdam, an analyst at AlphaValue.

"We'll see if there was blood in the trading rooms in both equity trading activities (actions, Ed) and fixed income (interest rates, Ed)," he says.

The quarterly results will also be an opportunity for French banks to specify the measures they intend to implement to enhance their financial strength to cope with the debt crisis in the euro area in early October that forced the Franco-Belgian Dexia decommissioning.

As part of the recapitalization of the banking sector, the European Banking Authority has estimated that a total of 8.8 billion euros deficit capital of BNP Paribas (2.1 billion), Societe Generale (3.3 billion) and BPCE (People's Bank, Savings Bank) (3.4 billion).

Unions and bankers expect in the context of a degradation of the environment that they are announcing job cuts, especially in their BFI.

European shares ended sharply lower Friday, ending mostly to four sessions of consecutive increase after the announcement of a halt in job creation in the United States in August.

The CAC 40 index fell 3.59% to 3148.53 points. The benchmark index of the Paris, however, who managed to stay on top of an important support points in 3136, managed to record a gain of 1.97% for the week.

Other major European markets also stumbled, leaving London and Milan respectively 2.34% and 3.89%.Frankfurt, who had already lost ground yesterday, yielded 3.36%.

For the week, the London was up 3.16% while its German counterpart has remained stable (0.02%).

"There are fears a 'double dip' (relapse), several indicators have turned to orange or red. It's like 'take the cash and run' on the market," said Fabrice Cousté, CEO of CMC Markets France, highlighting the rapid exit of investors from stocks to safe havens.

The Swiss franc and back ground on the European single currency within 1.12 franc per euro (1.1174 francs to 6:13 p.m.), 1.13 franc against most of the day.Similarly, gold rose 2.82% to 1,875.96 dollars per ounce.

SYSTEMIC CRISIS

Another illustration of the renewed risk aversion of investors, the performance of the German government bond (Bund) and 10 years fell below 2% in the wake of the publication of U.S. employment figures.

"We will turn to the Fed and its special meeting two days. But the Fed is out of breath and lack of ammunition.We should not have EQ3, but probably something more technical, "said Fabrice Cousté.

The latter warns that in the meantime the markets should still live on hard times even if investment opportunities should arise in securities of groups able to significantly increase their prices or capacity of important innovations.

Friday, fears of relapse into recession in developed countries have particularly affected the cyclicals and financials.

As for banks, Alpha Bank has dropped 9.26%, Barclays 8.4% and 7.38% Credit Agricole. The automotive industry, PSA fell 5.99%, 5.17% of Volkswagen and Fiat of 4.98%.

"The market values ​​have a relapse into recession scenario.Only a systemic crisis as in 2008 is not yet 'pricée ", explains Benoît Peloille, equity strategist at Natixis.

"However, central banks have just replaced the emergency measures that had helped break the stalemate in the interbank market resulting from the collapse of Lehman Brothers," he adds.

The number of jobseekers in France rose by 36,100 in July, the largest monthly increase in two years. The trend of 2011 is back up. Since the crisis in 2008, the situation of the labor market in France is particularly depressing.

Xavier Bertrand had prepared the ground. The news is, however, the effect of a cold shower: the number of jobseekers in Class A rose by a further 1.3% in July on the rise year on year to 2.8%. A bad result that erases completely stabilize the labor market seen earlier this year. Worse, when you take a step back, the situation of the labor market in France since the crisis began in early 2008 seems particularly depressed.Review detailed figures of black unemployment.

33%: This is the increase since January 2008 the number of registered unemployed persons in categories A, B, C, that is to say job seekers must be positive acts of job search. In nearly four years, this category has swelled from just over one million people.

57%: This is the rise in unemployment for more than 50 years since January 2008. While the youth unemployment is a wound in France. But it is the elderly who have suffered most from the deterioration of the labor market and plans of downsizing in companies.

453 days: This is the average length of job seekers registered at employment center. In January 2008 it was 412 days. The long-term unemployment (more than one year of enrollment) affects 38% of registered voters, against 32% four years ago.The number of registered unemployed for over two years increased by nearly 27% over the last twelve months.

Only 21% of output for Occupation Pole of the unemployed who found a job. An extremely low which demonstrates the low dynamism of recruitment. Radiation administrative account for 10% of outputs at Pole Occupation: they jumped from just over 7% in one year.

16%: This is the decline since January 2008 the number of sustainable jobs (that is to say, longer than 6 months) received Pole Employment. The precariousness of the job market is growing again. In one year, the proposed job "casual" (lasting less than one month) rose 4.7%.

Toyota Motor and Ford announced Monday they plan to jointly develop trucks and SUV hybrid, running on gasoline and electricity, to the market by the end of the decade.

Ford and Toyota want to collaborate on the development of hybrid vehicles and energy efficient, but also embedded telephony, Internet and entertainment.

Seal a final agreement this collaboration is to be concluded during 2012.

Toyota is the world leader in hybrid vehicles with 3.3 million units sold since launching the Prius in 1997. The vans of Ford's F-series are for their best selling in the U.S. market since the 1970s.

European countries can not borrow at the same rate of interest without common fiscal policy, said Saturday the German finance minister, Wolfgang Schäuble.

"Until we mutualisons not our financial policy we can not have a uniform interest rate. The interest rate differential is an incentive to have a strong economy or a punishment if you head hurt," said Wolfgang Schäuble.

"So the question is, how can we gradually promote political integration.We can not pool the interest rates, "he added.

The creation of bonds issued jointly by the countries of the euro area, some observers and officials consider one of the possible remedies to the debt crisis, was rejected Tuesday by Nicolas Sarkozy and Angela Merkel during their meeting in Paris.

The head of the French government and German Chancellor nevertheless proposed a strengthening of the economic governance of the euro area and some officials believe they open the way for Eurobonds.

The Australian airline Qantas announced Tuesday its intention to acquire 106 to 110 Airbus A320s at a list price exceeding $ 9.4 billion (6.5 billion euros).

Qantas has selected Airbus aircraft for two projects it intends to launch soon in Asia as part of a comprehensive restructuring of its international activities leading to the removal of a thousand jobs.

This will be a high-end company which will be based in Singapore or Kuala Lumpur and the Japanese company low-cost Jetstar.

The company plans to buy between 28 and 32 A320 and the rest will consist of A320neo, remotorisée version of the A320 which has allowed Airbus to replace its rival Boeing single-aisle market once dominated by the family of 737.

Qantas future plays double or quits by refocusing on Asia's international activities, which are losing money, said its CEO Alan Joyce. "To do nothing or to settle the issue would only guarantee half the end of our own International Qantas Australian market," he said.

Asia accounts for half of this year's profits of international airlines, according to estimates by the International Air Transport Association (IATA).

Alan Joyce said Qantas had to its international operations, a cost base 20% higher than its main rivals.

The company postponed to a later date the delivery of six A380 to preserve capital.

The search for safe havens continue to dictate trends in commodity markets, including the gold spot price Thursday crossed the symbolic threshold of $ 1,800 an ounce.

The yellow metal, mounted in the early hours of the day to 1,813.79 dollars per ounce, however, has folded mid-morning around 1775 dollars.

By 0800 GMT, the spot price reached 1,782.64 dollars.

"Gold remains the last bulwark against a possible issue of major currencies from the states, seeking to recapitalize their banks and boost their economies," said UBS in a research note.

Oil, which had closed up sharply Wednesday, continued to rise Thursday, after temporarily declining trend early in the day.

By 0800 GMT, a barrel of light crude gained 1.81% to 84.39 dollars, and that of Brent progressed from 1.0% to 107.75 dollars.

Since the rating agency Standard & Poor's downgraded the sovereign rating of the United States, Friday, Brent fell by about 4%.

Despite déteriodétériorationration economic outlook, which reduces the prospects for growth in oil demand, declining U.S. inventories unexpectedly announced Wednesday came to support prices.

The future of copper is meanwhile up 3.2% to 8.870 dollars per tonne, according to figures robust China's foreign trade for the month of July.

According to the founder of the Right People, this is "fight against the profiteers from the bottom and the top profiteers of the social ladder." Thierry Mariani, Minister of Transport, and founder of the Right People, right wing of the UMP, will create a file for benefit recipients.

Transport Minister Thierry Mariani said he wanted "a general file of recipients' social, in order to fight against fraud, in an interview with the Sunday Journal dated August 7.

Founder of the Right People, bringing together some forty members embodying the right of the UMP, Mr Mariani says that the group will present "a couple of proposals on sovereign issues, employment and social justice" in the future presidential campaign.

He said these include "fight against the profiteers of + down + and + top + profiteering of the social ladder.Against fraud, I support the creation of a file which lists recipients of general all benefits received. This will see the abuse. One person can affect unduly the RSA in several departments, as none of them does not cross the records, "said he.

Regarding those "from above", Mr. Mariani is in favor of the taxation of "very high financial returns," while "the difference with the contractors, who, themselves, are advancing the country. Against these abusive situations, in top and bottom, our position is balanced, "says he. The Minister also ensures that "security must be a campaign theme" but "it must be accompanied by a stronger justice."

Paris and other European stock markets have violently turned down by mid-afternoon after the surprise announcement of a slowdown in manufacturing activity in the United States in July.

Relieved in the morning by the Agreement on raising the ceiling of the debt of the United States intervened in extremis Sunday, equity markets find their fears about sovereign debt in favor of reports that Cyprus is a member of the euro area, could appeal to the European aid scheme like Greece, Ireland and Portugal.

Around 17:00, the CAC 40 index lost 1.81% to 3604.86 points after going under 3,600 points and touched a low of 11 months at 3590.11 points.Since the beginning of the CAC 40 lost 5.44%.

London lost 0.25%, 1.78% Frankfurt. Of the European indices, the EuroStoxx 50 loose 1.99% and 0.71% Eurofirst 300. Milan fall of 2.9% Madrid 2.5%.

On Wall Street, indexes have also turned down after the ISM manufacturing index, as they had opened with a gain of about 1%, reflecting investor relief after the compromise reached on U.S. debt.

"The ISM manufacturing index shows that there is no sign of recovery in the U.S.," said James Knightley, economist at ING Financial Markets.He believes that the decline in the employment component of the index does not bode well for a monthly report on employment on Friday.

The same causes produce the same effects, the increase in risk aversion has favored states' obligations rated in the euro area, which were down in the morning.The performance of the 10-year German Bund, the euro area refer Germany, which was above 2.6% in the morning, fell to 2.48%.

The financial market vectors, contribute significantly to the decline in Paris, as the two heavyweights of the index, Total (-1.79%).

BNP Paribas 1.91% and

Societe Generale 3.57%.

Veolia Environnement (-4.87%) remains the largest decrease in the CAC 40, continuing to bear the brunt of its warning on its results after Friday down 9.5%. Oddo Securities and Goldman Sachs lowered Monday particular their recommendations and price targets on the title. and

The euro declined and traded around 1.4237 dollars against 1.4382 dollars in early trading.