Wall Street retreats in early trade Friday, weighed by JPMorgan Chase, which lost 9% after the announcement of a trading loss of two billion dollars due to a strategy losing coverage.

In early trade, the Dow Jones yields 0.45% to 12,797.48 points. The Standard & Poor's, wider, lost 0.42% to 1,352.23 points while the Nasdaq composite is stable at 2933.50 points.

"Although this is an isolated incident that has nothing to do with the macroeconomic situation, this news is very painful to learn," said Tim Speiss, head of the company ; advisory wealth management EisnerAmper in New York.

"Investors need to see what impact it can have on the equity value of JPMorgan and if this is something that can disrupt the entire industry," he said.

Bank of America lost 2.7% while Citigroup was down 4.4%. The S & P financial index yields nearly 2%.

The volatility index is up nearly 20% since the beginning of the beginning of May, indicating a growing aversion to risk.

Nvidia Corp. gained 7.65% after reporting a turnover of 924.9 million dollars, higher than expected, and announced that billings would increase more rapidly than expected during the current quarter.

U.S. prices for production unexpectedly fell in April, due to lower energy prices, according to the Labor Department.

Investors expect the index preliminary Reuters-University of Michigan for the month of May.

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Sales of Mercedes-Benz, the brand upmarket Daimler Group, rose only 3.6% in April, due to a sharp decline in sales volumes in China due to the effect a temporary change of models.

In a statement released Friday, Daimler said the decline in China was due to the low availability in this country in April of popular models like the GLK, a mid-road range, which only came out recently its Beijing plant.

"Mercedes-Benz is on track to achieve its target of double-digit growth in China in 2012," it said in a statement.

China has become the main source of earnings growth for German manufacturers. This is the most important market for Audi and BMW.

Sales of Mercedes have involved 104,344 vehicles in April, bringing to 418,246 the number of automobiles sold by the brand since the beginning of the year, an increase of 9.7%.

April is currently the lowest of the year in terms of growth. The rise in worldwide sales of the brand was 5.1% in January from 20.3% in February and 11% in March.

The title Imperial Tobacco gained more than 2% Tuesday morning after the world number four cigarettes announced better than expected results, set a share buyback program of £ 500 million and said he would return to growth in sales.

The British group, owner of West brands, Gauloises, Lambert & Butler, Davidoff and Fortuna, was reached on the six months to end March 1 adjusted earnings per share up 5 3%, 93.1 pence against an average forecast of analysts of 92.7 pence, according to Reuters data. 

Imperial Tobacco, which runs more than 340 billion cigarettes a year, said its performance over the past six months had been laid by the end, both a price war in Spain and destocking in the U.S. and Ukraine.

In the first six months of fiscal 2011-2012, the increase in turnover stood at 3.3%, including 8% in the second quarter alone.

Around 11:23, the action of Imperial Tobacco advanced 2.27% to 25.17 pounds, while the FTSE 100 London Stock Exchange, the only open in Europe in May 1, gained 0.28%. 

Like its larger rival Philip Morris, British American Tobacco and Japan Tobacco, Imperial Tobacco suffered a decline in smoking in developed countries, while compensating for this phenomenon by higher prices and expansion in emerging nations.

Suez Environnement on Friday issued a gross operating income (EBITDA) fell by 5.5% at constant exchange rates in the first quarter, hurt by falling volumes of waste treated by the group in Europe in difficult economic times.

The world's second largest environmental services, however, has expressed confidence in its ability to achieve its 2012 objectives, which include sales and EBITDA at least identical to those of 2011 at constant exchange rates and a dividend greater than or equal to 0.65 per share for 2011.

It was also announced in February that it was an EBITDA of at least 2.7 billion euros in 2013 (at constant exchange rates) and a ratio of net debt EBITDA maintained at about 3 , 0. 

Suez Environnement recorded in the first quarter EBITDA of 566 million, down 4.5% (-3.4% organic), and a turnover of 3.591 million, up 2.2% (+ 0.9% at constant exchange rates and 1.4% organic).

The group "plans to strengthen its efforts to profitability and free cash flow generation for 2012", informed the Director General Jean-Louis Chaussade, without elaborating.

The group announced in February that it was within 300 to 360 million euros of its goal of reducing costs for the period 2010-2012, made up of 250 million at end 2011. 

For activities, organic growth reached 2.8% in the first quarter in Water Europe and 1.2% in the Waste Europe activities, which have benefited from a price "generally positive" but also experienced a decline in volumes.

International segment sales grew 0.4% organically, an increase that would have been 2.3% outside the desalination plant in Melbourne, Australia, whose construction has struggled in 2011 but is now "being finalized".

The Suez Environnement on Thursday completed a course of 10.625 euros, rising to around 16% since the beginning of the year after a plunge of 42% in 2011.

Nokia stock market tumbled Wednesday after throwing a warning on its profits and reported a software bug in its new flagship model, the 900 Lumia, casting doubt on the ambitions a revival of the Finnish manufacturer of the smartphone market.

Nokia has for some time already distanced in this segment, dominated by Apple and Google.

Nokia has warned that he would show, the first and second quarter, representing an operating loss of approximately 3% of its sales in appliances and services, because of competition fe roce raging on the market when the group is reviewing its in-depth product offering.

Around 24:50 GMT, Nokia shares fell 18.3% to 3.12 euros. The stock has lost over half its value since Nokia discontinued its Symbian platform in February 2011, to equip its new smartphone operating system of Microsoft Windows.

"It's a disaster," said Thomas Langer for West LB.

"It was perhaps the most serious risk associated with Nokia model: the discount up to date models Lumia is not fast enough to offset poor sales Symbian. "

The market share of the Finnish group in the smartphone segment declined from 30% to 12% end 2010 end 2011.

In the morning, Nokia had reported a bug on its new model, the Lumia 900. First marketed in the U.S., this smartphone, which includes the operating system Windows Phone from Microsoft, was to be the spearhead of its winback.

"It's as if their engines had stalled at the start of a race, while all the spotlight is on them," said Carolina Milanesi, an analyst at Gartner.

FULL RESET

Lumia The 900 was launched on April 8 by AT & T. It must then be gradually sold worldwide in the current quarter.

In a statement, Nokia said that the outage that affects, and can sometimes result in "a loss of connectivity" refers only to the operating system and that it is linked or the handset or network.

A solution should be found by April 16, explains the Nordic group. He agrees to grant to anyone who bought a 900 Lumia, or which would be by 21 April, a rebate of $ 100 on his phone bill AT & T. This amounts to a full rebate on the price of the unit, sold at 99.99 dollars with a two-year contract.

The announcement of the bug is bad fallen for Nokia, which unveiled its model Wednesday Lumia 610 NFC, the first to include, in addition to the operating system Windows Phone, the NFC (Near Field Communication) in the heart of contactless payments.

NFC technology can transmit data wirelessly to a few centimeters, and so, using his mobile phone to pay for purchases, or save an e-ticket exchange photos and business cards.

This new model, certified for contactless payments using MasterCard and Visa technologies, will be marketed by Orange early in the third quarter, Nokia said. 

Finance ministers of the euro area (Eurogroup) reached an agreement Friday to strengthen the response capacity of global emergency fund aimed at curbing the sovereign debt crisis within the bloc, without that it is assumed that this development meets the markets and non-European members of the G20.

The 17 euro zone countries have decided to combine the two existing bailout fund to dispose of 500 billion euros of additional funds in an emergency by mid-2013, in excess of 200 billion already pledged by the European Financial Stability Fund (EFSF)-the temporary emergency fund to be disabled in July 2013 – in favor of Greece, Ireland and Portugal. 

The European Commission had proposed to increase the total funds available to 940 million euros, with 740 billion available, an amount considered too high by countries like Germany, Finland and Netherlands.

The compromise was welcomed by investors and the yield on government bonds has dropped Spanish after tense in the wake of a general strike in the country and prior to submitting an austerity budget.

"Today's decision is a classic European compromise. It goes as far as the German government is ready to go and is the minimum of what the other member countries of the eurozone hoped, "said Carsten Brzeski, an economist at the bank ING

. "Obviously, a larger increase in line options discussed above would have sent a stronger message and would have been more convincing, "he said

." After strengthening decided today, the ECB will continue playing the role of firefighter driving the euro area. "

The combined capacity of EFSF loans and MES has been increased from 500 to 700 billion euros by the Ministers of Finance, said an official statement

. "The overall ceiling of the lending capacity of EFSF and MY … will increase to 700 billion euros, "the statement said

." In total, the euro area mobilizes a firewall of some 800 billion, more than 1,000 billion dollars, "the statement said

. This includes $ 500 billion of MES, the fund permanent emergency that will be operational in July and 200 billion already committed by the EFSF plus the amounts already paid in the first bailout of Greece and funds paid in connection with the bailout funds guaranteed by the budget of the European Commission. 

SHORT MEETING

The 500 billion of new money for the EFSF and combined MES by July 2013 reflect the gradual start of the activity of MES, which will occur as and when the payment of its equity over a period of more than three years.

The EFSF with a total capacity of loan of 440 billion euros, 240 billion will be mobilized not a mattress in an emergency within 15 months, during which the EFSF and MES operate in parallel.

The French Minister of Finance estimated that the decision would strengthen the position of Europeans in discussions with partners on capacity building of the International Monetary Fund (IMF).

"We are now in a strong position for the discussions on the IMF in April. This is a good signal, "said Baroin sidelines of the meeting of the Eurogroup Some investors

. however ask whether the strengthening of European firewall will be enough if Spain-the fourth largest economy in the euro area, needs a bailout to weather a banking crisis caused by the bursting of the housing bubble in the country

. The Eurogroup meeting was cut short by President Jean-Claude Juncker, leaving open the debate on the estate and the possible entry of his compatriot Yves Mersch of Luxembourg to the Executive Board of the European Central Bank. 

He explained his decision to shorten the work of the Eurogroup by the fact that the Austrian Minister of Finance, Maria Fekter, announced the terms of the agreement while the meeting was still ongoing.

He said the decision regarding the designation of replacing the Spaniard Jose Manuel Gonzales at the expiration of its mandate to the ECB Executive Board was referred to the mid-April.

The incident also allows to postpone the debate on his succession to the head of the Eurogroup for which the German finance minister, Wolfgang Schäuble, is favored according to statements from several sources ; Reuters. 

While the campaign for the French presidential election enters its final stretch, French President Nicolas Sarkozy would prevent the possible appointment of Wolfgang Schà ; üble at the head of the Eurogroup can be presented as a new sign of German rule in the euro area, however, diplomats said.

The main European stock markets opened slightly down Monday, initiating a pause after the sharp rise in recent days, fueled by the continuous reflux of risk aversion, which brought the market ; s shares to their highest level in eight months.

Despite profit-taking, the underlying trend remains positive due to the increasing signs of strengthening economic recovery in the U.S. and relative easing of the crisis debt in the euro area.

Actions should be the asset class most successful over the next three months according to a survey by Barclays from some 700 institutional clients, which also reflects a growing confidence marked.

In Paris the CAC 40 was down 0.55% to 3574.89 points. In Frankfurt, the Dax drops 0.38% and London, the FTSE yield 0.27%. The pan-European index Stoxx 50 lost 0.48%.

Among the values ​​set up multiple targets of tender offer, starting with TNT Express, which gained 1.3% and approaches the price of 9.50 euros which UPS has launched a friendly takeover bid of 5.16 billion . In London, the software company Misys takes 6% after an agreement with the private equity investment Vista Partners for 1.27 billion pounds.

Economic prospects for improvement in Europe and the United States supported the dollar and European stock markets have closed up Wednesday, while bonds, which have much played the role of values refuge during the crisis, were logically abandoned.

In Paris the CAC 40 ended with a gain of 0.40% or 14.35 points to 3564.51 points. In Frankfurt, the DAX 30 gained 1.19%. In contrast, the FTSE UK sold 0.18%. The pan-European FTSEurofirst 300 index ended up 0.28% to 1,098.37 points, regaining its level of August.

The U.S. stock market, which many had mounted Tuesday, are more hesitant and outline a consolidation to their high levels.

The activity in developed economies is expected to accelerate in 2012 thanks to the highly accommodating monetary policies of central banks and signs of calming debt crisis in the eurozone, according to 250 economists polled by Reuters. 

Tuesday night, the Fed said evidence of a slight economic recovery and an easing of tensions in financial markets while confirming his promise to keep rates at ; levels close to zero for a long time.

In addition, major U.S. banks have nearly all passed the stress tests and continue to have annual required capital despite simulations of large losses, said Tuesday the Federal Reserve ; eral of the United States.

The dollar continues to rebound to hit a new high of 11 months against the yen and a new high of one month against the euro at 1.3028 dollars, after raising the Re Federal serves its assessment of the economic situation. 

The greenback rose to 83.65 yen a moment, its highest since mid-April 2011. According to traders, the Japanese exporting companies are reluctant to sell the U.S. currency. They anticipate a continuation of his rise. Since the beginning of the year, the dollar gained 8.6% against the yen.

Arkema has revised upwards its long-term EBITDA for 2011 Thursday by announcing an increase of this result and its turnover, thanks to strong contributions from Asia.

In 2011, the French leader of chemistry has produced an EBITDA of 1.034 million, up 28%, giving a margin of 17.5%. Its net profit after minority interests rose 33% to 574 million and its turnover by 21.2% to 5.900 billion.

Arkema offers a dividend of 1.30 euros per share, after a Euro 2010.

Given its performance in 2011, Arkema now aims to achieve in five years an EBITDA of 1,250 million euros, while maintaining its debt ratio to about 40%.

The performance of the first quarter of 2012 should be "real improvement over the fourth quarter of 2011 but below the level of the first quarter of 2011, which was a very high base of comparison e. This recovery should continue in the second quarter of the year, "we read in a statement.

2000 French were interviewed by the firm OC & C for the fifth year on their perception of prices in a sixty nine brands owned by different sectors. The survey measures the gap between the actual price of a brand and the idea that consumers will make. Results: advance leaders still considerable. The report found that the French had one very realistic prices. "No wonder. The discount was born in France and consumers are accustomed to comparing prices," said Jean-Daniel Pick, cabinet member.Previous useSuivant Leroy Merlin (52) Next Photo 11/14

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