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Texas Crude prices finished slightly lower Tuesday in New York penalized by both the announcement of retail sales lower than expected in the United States, fears fed by the situation in Greece and the threat of Moody's lowered the credit ratings of France and Great Britain.

On the Nymex, the March contract on the U.S. light crude (WTI) ended on a loss of $ 0.17, or 0.17%, to 100.74 dollars a barrel. Meanwhile, Brent crude for April delivery was taking 0.08%, or $ 0.09, to 117.48 dollars.

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The unemployment rate in France within the meaning of the International Labour Office (ILO) gained 0.2 points in the third quarter to 9.3% on average in metropolitan (9.7% including overseas departments) According to data seasonally adjusted (SA) Interim released Thursday by INSEE.

The number of unemployed stood at 2.631 million in the metropolis, or 51,000 more than in the second quarter.

Unemployment rates in the second quarter have been confirmed at 9.1% of the workforce in metropolitan and 9.6% with Dom.

In one year, the unemployment rate in France fell by 0.1 points in the third quarter.

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Bank stocks weigh on the trend of European stock markets Tuesday morning, as yesterday affected by concerns over tensions on the rates of sovereign debt in the eurozone.

At 10:50, the index of European banks lost 2.48%, biggest drop sector in Europe, with a drop of 4.73% for BNP Paribas, the largest decline CAC 40 in Paris, against 2.49% for Credit Agricole and Societe Generale to 3.41%.

Meanwhile, yield spreads between bonds French, Belgian, Dutch and Austrian one hand and the Bund on the other have reached unprecedented levels since the inception of the euro.

"It's pure continuation of yesterday.

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European shares are increasing their gains early Friday afternoon, the Italian Senate approved the legislation with financial stability, a set of austerity measures demanded by the European Union should help the country cope with the crisis of debt.

At 1:25 p.m., the CAC 40 index, ahead of 0.92% to 3,093.14 points, against a gain of 0.44% just before 13h.

Grants itself the Milan Stock Exchange 1.5%, that of London 0.66%, while Frankfurt's place ahead 1.3%. The pan-European Euro Stoxx 50 index was up 1.21%.

Illustrating the attenuation of investor concerns about the financial position of Italy, the performance of Italian government bonds to 10 years dropped below the 7% to 6.64%, and spread with the German Bund with the same maturity fell to 485 basis points.

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European shares continued to fall Monday, the concern about the debt crisis in the euro zone and slowing global growth accentuating the risk aversion of investors.

The CAC 40 index, which lost more than 3.1% up at the meeting, declined 1.85% to 2926.83 points, down and starting the last quarter of the year, after falling 25% in the third quarter, its largest quarterly decline since 2002.

Other major European markets, London has dropped 1.03%, 2.28% Frankfurt and Milan 1.31%.The pan-European Euro Stoxx 50 index fell 1.9%.

"We are seeing a stack of issues with the concerns of sovereign debt in the eurozone, Greece lags behind its deficit targets, and fears of global growth," said Benedict Peloille, equity strategist at Natixis.

Greece missed because the deficit targets that were assigned by its international donors for this year and next, according to figures released Sunday by the Greek Ministry of Finance after approval by the Government of the draft budget 2012 .

"The market wonders about the sustainability of U.S. growth, but now is the strength of emerging raises questions.But the emerging are the last engine of global growth, "said Benedict Peloille.

Manufacturing sector savings in the United States

In this context, financial and cyclical stocks have once again been at the forefront: the banking index lost 2.75%, 2.34% that of the insurers and automotive 3.71%, largest decline Sector .

Analysts point out that the groups most exposed to emerging markets, such as Vallourec (-5.68%), have also been particularly penalized.

European markets, however, have reduced their losses in late afternoon after the publication of a U.S. ISM manufacturing index rose and emerged better than expected in August.

The U.S. manufacturing sector at the moment seems untouched by the turmoil in financial markets and the collapse of investor sentiment, note Teunis Brosens, economist at ING.

"The fact that a recession does not materialize does not even easier (launch) by the Fed of a new program of quantitative easing," said he, however.

Reflecting the renewed risk aversion of investors, the performance of the German government bond (Bund) is relaxed to 10 years to less than 1.81% against 1.89% at the close Friday, while the euro yield 0.61% to 1.3275 dollars, its lowest level since January.

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The Parisians discover Sunday the 66 first electric cars from car-sharing service Ile Autolib first step in deploying a device designed to revolutionize the way around town.

After two months of life test, the service given to the Bolloré Group will be officially launched on 1 December, two months later than in the original schedule.It then gradually rise to power, with 250 cars and 250 terminals by the end of the year and hosts more than 1,100 stations located in Paris 3000 vehicles in 45 cities and inner suburbs of Paris by the end of 2012.

"We want to convince people to move from concept consisting of owning a car, than to merely use one," he told Reuters Morald Chibout, CEO of Autolib.

The "Bluecar" made in Italy with Pininfarina – and that has more blue than the name because it will be offered to the public in its original aluminum – has a range of 250 km for a recharge time of approximately four hours.But the average use should be less than one hour and distance traveled generally be counted in only a few kilometers.

The formulas are also proposed to encourage short trips: in three packages (annual 144 euros, 15 euros weekly and daily ten euros) will be added on the rent at a rate of five to seven euros the first half-hour, four to six euros, but the second the following six to eight.

This Valentine's, thirties and a mother of two children, the typical future user Autolib.Headquartered in the heart of Paris, it does not own a car but needs time to time a vehicle for short trips.

"It will, however, that the service is fast and simple, otherwise people will not use it," she warns.

PARI ALTERNATIVE LITHIUM-ION

As with Vélib, the user can leave the car at a station different from the start. But unlike the self-service bicycles, the user is left to itself, the Bolloré Group will recruit for 1500 Autolib "ambassadors" in charge of assisting users in the stations and maintain vehicles.These costs represent the bulk of operating costs estimated at 100 million euros a year.

"We believe that from the seventh year, it will be profitable, and an industrial group like ours has a habit of having returns after six or seven years," Vincent told the press Bolloré Group CEO, on the sidelines of a presentation service Vaucresson (Hauts-de-Seine), seat of the PC that will permanently movements Bluecar "

The industrial added qu'Autolib Breton would benefit from 80,000 subscribers.

With a public contribution of € 50,000 per station, the investment for the City of Paris amounts to 35 million euros.The operator will also pay an annual fee of 750 euros per parking space equipped with a charging station. In return, he will collect the full subscription and rental revenue.

First for a system of self-service car of this size, Autolib is also a showcase for the batteries manufactured in Bolloré Britain in the great battle of the electric vehicle ahead.Unlike all other manufacturers who have chosen lithium-ion Bluecar works with a technology radically different battery solid lithium-metal-polymer derived from the historical experience of the Bolloré group in the capacitors.

The daily use of cars could be used to separate the two systems, between the lithium-ion more efficient but more fragile, and the LMP less sensitive to temperature variations.

Touted as a revolution in the automotive, electric vehicles is still largely absent from our streets and our roads, but 2012 could change all that with the proliferation of charging systems on public roads or in parking lots and Arrival of models who do not settle for a limited distribution.

Peugeot and Citroen to Ion CZéro PSA and Nissan Leaf will be added one after the Renault Kangoo electric mode in October, the Fluence sedan in November and quadricycle Twizy in December, before the arrival of Zoe , in the central device "zero emissions" the group's diamond in the fall of 2012.

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Angela Merkel is not assured of the support Thursday of every member of his majority in the vote on enlargement of the European financial stability. Eventually, the disagreements of the German right could bring down Merkel. German Chancellor Angela Merkel (here in Berlin in March 2011)

Like its French counterpart, the German government is on the verge of a nervous breakdown. But not for the same reasons. Thursday, September 29, members of the Bundestag should indeed decide on the expansion of resources and powers of the European financial stability. But this parliamentary ratification, which is passed as a letter mailed on September 8 in the National Assembly, is turning to the government crisis in Germany.Indeed, the Chancellor of more and more difficult to admit to his troops that the exponential growth of the financial commitment of Germany is the right remedy to save the euro area.

The majority of Merkel in danger

The opposition Social Democratic and Green has announced that it would vote in favor of this expansion, advocated by Angela Merkel, the positive outcome of the vote tomorrow no doubt. In contrast, the German Chancellor is not ensured that all members of his majority will support it. Placed with an absolute majority of 311 votes and a government camp of 330 MPs, the Chancellor can afford 19 defections. However, in a simulated voting conducted Tuesday morning by the conservative group, 13 members refused to support the text (11 against and 2 abstentions).The result has triggered a panic because we know that a number of Liberal MPs, at least two, preparing to vote against enlargement. Even if Merkel does not consider tomorrow's vote as a vote of confidence, the failure to unite under its banner all its troops, greatly weaken its power and policy space. This would also strengthen the camp of the opponents of the European program of rescue of Greece and the euro zone set, which already furbished to its weapons of votes to be held in the coming months (second aid to Greece in October 2011 and ratification Mechanism of the European Financial Stability in 2012).

A battle beyond the partisan logic

How to save Greece and the euro area? Two opposing camps on this issue.On the one hand the supporters of a response that requires an enhanced European integration, and therefore a financial risk-sharing. On the other, the advocates of respect for economic laws which, even if they do not always admit it, only the bankruptcy of Greece can help resolve the situation. "The first camp believes that the bankruptcy of Greece or leaving the Euro would cause a chain reaction that could lead to the breakup of the euro area, why not even the European Union in its current scope.Those, that is to say, Angela Merkel, a part of the Right but also labor, big bosses, the SPD and the Greens are in favor of a European rescue but also the creation of a European economic government, "said Thomas Hanke, director of the section Ideas and Debates of the Handelsblatt, the first German economic daily.

The second camp, the opponents, brings together a number of economists and academics already skeptical during the creation of the euro, the world of SMEs, particularly furious against banks and international finance and a still small but growing number of members of the majority.Member of the latter camp, the economist Hans Werner Sinn, president of the influential Institute of Economic Research in Munich (IFO), estimated that the current financial crisis is a "poker game between Western capitalists and Germany, a game where it is above all question of who will bear the junk bonds of the countries of southern Europe. " For Mr. Sinn, who spares no effort to criticize the European Merkel and her great financier Wolfgang Schäuble, Germany, taking part in the bailout of the European Union, is taking on his shoulders financial risk "barely controllable" and to sacrifice its solvency.

A member who can blow Merkel

Angela Merkel, the psychodrama experience in recent days, however, is nothing compared to what awaits if the Liberal Frank Schäffler has its way.With his hair cut very neat, thin glasses and his tie knotted impeccably, M. Schäffler is not a revolutionary. But this middle-aged native of Westphalia is on track to blow up the government of Angela Merkel. Not known until 2010, when it scandalized by offering the sale of the Greek islands. For Liberal pure juice, rescue scenarios of Greece and the Euro being hatched are simply unacceptable.

"He who takes risks must also bear responsibility. It is a basic principle of market economy. It is not good that states negligent and that private investors are betting more and more about the fact that if things go wrong, it will save them well, "said he. After being the only member of the FDP voted against the first aid to Greece, he founded the movement "Renewal liberal" who wants to help his party regain the FDP liberal roots.Eleven members have followed. It's little, but his voice begins to wear.

Today, Frank Schäffler will do everything to prevent that from becoming EFSF in 2012/2013, in a permanent structure called the European Stability Mechanism (SPM). In early September, it has launched a petition for the holding of a referendum within his party. Since then, the affluent and the signatures for this referendum is no longer in doubt. if the position of M. Schäffler prevails, ministers and MPs of the Liberal party will be required to block the European commitments made by their own government. In short, they help block the German and disown Angela Merkel. This will have a hard time to stay in power and avoid the calling of early elections.

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Britain's BAE Systems said Tuesday it would cut 3,000 jobs in the UK as a result of the decline in orders received for its combat aircraft, resulting from the contraction in defense spending in many countries.

The first British manufacturing group said in a statement that the four Eurofighter partner countries – UK, Germany, Spain and Italy – slowed the rate of production of Typhoon fighter in order to allocate costs in the longer term.

This process reduces the workload on the different production sites, said the group, which continues to seek opportunities for the European combat aircraft to India, Japan, Oman and Malaysia.

Most of the job cuts will involve plants Warton, Lancashire and Brough, East Yorkshire.

BAE Systems, which has already eliminated about 15,000 jobs worldwide over the past two years, announced in July a decrease in pre-tax profits in the first half.

The decline in military spending in the U.S. also implies a spreading of the production of F-35 fighter, which is associated with BAE Systems.

The largest union within the group, Unite, has promised to do everything possible to mitigate the impact of the decision by BAE Systems, while calling the Department of Defense to act to preserve the area.

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The rating agency downgraded Wednesday Societe Generale and Credit Agricole up a notch, and extended monitoring of BNP Paribas. Tour Societe Generale in La Defense.

Assent expected by the markets fell. The rating agency Moody's downgraded by one notch Wednesday note of the French banks Societe Generale and Credit Agricole SA, but extended the review with that of BNP Paribas, has left it unchanged for now.

The rumor of lowering circulating since Sunday. In the case of Crédit Agricole SA, the note changes from "Aa1" to "Aa2," the decision is related to exposure to Greece, while that of Societe Generale, whose rating is downgraded to "Aa2" to "Aa3," the review is due to the revaluation of said support system, that is to say that could help provide the authorities in case of serious crisis.

The agency had announced in mid-June to consider a cut for Societe Generale, BNP Paribas and Credit Agricole because of their exposure to Greece.

Regarding Societe Generale, Moody's points out that it was built in the rating of the bank the implicit support it receives from the government. The agency still considers that as a departmental system, that is to say whose failure could affect the entire financial system, the probability it is supported by the government remains "very high ". But considers that this support no longer has reason to be greater than that available to other publicly traded French bank, Crédit Agricole and BNP Paribas.

In the case of Crédit Agricole, Moody's believes that if the group has resources in equity "substantial" to absorb potential losses related to Greece, the exhibition itself "is too important to be consistent with current ratings" of the bank .

As for BNP Paribas, Moody's extended supervision on the negative note of the French bank, a sign that she still plans to lower it, but has so far left unchanged.

The agency suggests that after its first review of three months, she would not have changed the rating of the bank on the basis of its exposure to debt fragile state of the euro area, but that 'she chose to continue the discussion focusing on financing the bank's markets.

Moody's wants to "study the potential implications of the continuing fragility of the bank funding markets, given the funding needs" of BNP Paribas in these markets.

Since August, all European banks are suffering from market pressures of the liquidity in dollars, most of the U.S. money market funds, major providers of liquidity, having decided to reduce their supplies.

The agency said that further consideration should not lead to a reduction in rating of more than one notch, if Moody's decided to change the rating of the bank. The review by Moody's rating of the French banks, which began June 15, did not take into account the impact of the decline in their shares on the stock exchange, but the agency will consider in its next review, said at the AFP Wednesday analyst Nicholas Hill of Moody's.

The three listed banks were again caught up in the markets Monday and Tuesday.

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The consumer association UFC Que Choisir investigated the practices of over 1,000 estate agents. Result: many do not respect the law. And you, have you ever found irregularities in the sale or purchase of property?

The consumer association UFC Que Choisir unveiled Tuesday a 1056 survey of estate agents. The survey was conducted by volunteers from March 14 to April 2 around a single scenario: help a young family member in his search for an apartment of two rooms and 40m2 for rent. The so-called prospective tenant had a dossier satisfying the legal requirements and earned three times the rent but did not have a guarantor.

In 21% of the fees were not displayed in the window or visible from the outside so that this obligation is 20 years old.In addition, nearly four months after the entry into force of the obligation regarding ECD (energy performance), only 72% of agencies within the law. Nearly two-thirds of agencies (62% exactly) do not hesitate to request documents strictly prohibited: certificate from the employer (46%) or the previous landlord (10%), photo ID (10%).

>> Read about the online survey: Real estate agents have they become more virtuous?

The fees paid by tenants (average 93% of the monthly rent without load) are considered prohibitive when, according to UFC Que Choisir, the tenant should the agency that the only preparation of the lease. Finally, while the prospective tenant's financial situation was comfortable, there is no guarantee has been a problem in 28% of cases.For Alain Bazot, president of UFC, "the real estate profession is undergoing illegal and complete immunity."

And you, do you trust with real estate professionals? Have you ever found irregularities in the sale or purchase of property?

Tell us your experience in the comments box. Caution: Do not write defamatory (names of agencies or real estate networks, name of owners, etc.)..

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