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Sign that the subject is growing, studying the Assembly on Thursday a resolution to develop the "Made in France". Almost all candidates are trying to ride the wave of re-industrialization and the premium Franco-French. Decryption. The show of the Patrouille de France at the 24 Hours of Le Mans June 11, 2011.

The "Produce French" was on a roll. Not with consumers who are now unable to say whether the product they buy is French. But with the presidential candidates, who feel that the niche is a carrier in France suffering from deindustrialization and offshoring. In April the presidential campaign will be "made in France" or will not … as evidenced by programs across the political spectrum.  

"Label France" to François Bayrou, "social VAT" which does not say his name to Nicolas Sarkozy, or "green tax" European borders for Francis Holland, no shortage of ideas to revive the power of the large French industry. Sign that the subject is back, the National Assembly must still vote on Thursday a resolution of the UMP group to develop the made in France. "We can not accept a plate made in China with a French grip is marked Made in France", said Christian Estrosi, the former minister of industry, which requires that only products with more than 55% French-made can be labeled lights

To observers, the subject is particularly appropriate at this time of crisis. "The produce in France reflects a strong concern in France," said Brice Teinturier including Ipsos. Marine Le Pen has understood, she makes out of Europe and the imposition of border taxes, one of the central axes of the program.

According to the Ipsos polling institute, the thrust of François Bayrou in the polls would also be put on the account of his industrial chauvinism. "In the collective imagination, very hard on this issue, a great nation is a developed country, the rank of France in the world is partly linked to this," said Jerome Fourquet of the FIFG, author of a note on the French and deindustrialization.

The evidence in recent weeks with business Seafrance, Lejaby and Petroplus, who met an important echo in public opinion. And immediately rushed to the bedside of candidates employed in trouble … In late January, during his televised speech, Nicolas Sarkozy assured that it "would not drop the" factory of Lejaby Yssingeaux. Mission accomplished on Wednesday, with the guarantee of a Franco-French buyer, supplier of LVMH. In December Francois Hollande was going to visit the factory Eolane coming to repatriate the production of digital tablets of Taiwan in France. Examples of many that reveal a certain state of mind. When France finally announced this week that it had "almost" sold its Rafale to India is the patriotism of all the French that seemed to vibrate at the same time.

Now the candidates are fighting over who introduced the theme in the campaign. François Bayrou claims to be the first to have spoken, but the UMP to dispute the paternity of the concept in 2009, Yves Jégo was commissioned by Nicolas Sarkozy to write a report on the "Brand France". However all are cautious to ride the wave red white blue. They probably fear of being accused of being anti-European and playing the withdrawal. Recently, Pascal Lamy, the WTO chief warned states against the return of protectionism in times of crisis. And each G20 member states undertake to protect no matter what free trade.

Remains how far will the candidates in their promotion of "industrial patriotism" as described Francois Hollande. "Stay there be in the scoop and the incantatory speech or do we put the hands dirty?", Says Jérôme Fourquet. "The risk is that these ideas are only recovered by the political extremes, and they definitely go out of public debate," laments Stamberger Benjamin Masse, co-author of "Inevitable protectionism," and journalist for L'Express.

Ultimately, everything may depend of the evolution of the candidates in the polls. If Jean-Luc Mélenchon with his "European protectionism" were to make a breakthrough surprise, this could change all that …

The French Building Federation says the crisis and the austerity measures will be expensive jobs. Last year, the sector had created 9000, after losing 20,000 in 2010. Volume, the activity is expected to fall 1.9% in 2012, after increasing 1.2% in 2011 and fell 3.8% in 2010.

The construction sector is expected to lose 35,000 jobs in 2012 due to financial crisis and austerity, who "broke" the upturn in the sector in 2011, said Tuesday the French Federation of the building FFB. In 2011, the sector had the opposite created 9,000 jobs, after losing 20,000 in 2010, including acting."The crisis of public debt in euro area and fiscal adjustment policies have shattered the movement of bringing economic recovery and still bears a few months, the quantitative improvement of our markets," said the president of the FFB, Didier Ridoret at a press conference.

Volume, the activity is expected to fall 1.9% in 2012, after increasing 1.2% in 2011 and fell 3.8% in 2010, said Didier Ridoret. It is expected to decline in all areas, with a 2.8% decline in new housing, 1% in the nine non-residential housing, and 1.7% improvement in maintenance. While in 2008 and 2009 the use of the building had been "preserved", "dyke will drop" in 2012 with a script "close to that of year 1990, which will permanently affect the production system," warned the FFB.

The European Commission said it wanted to preserve the stability of the euro area as a whole and said to disagree with the rumors point to a stability pact between the States the strongest. The President of the European Commission Jose Manuel Barroso (here at a press conference in Brussels April 13, 2011)

The European Commission on Monday rejected categorically any option that would lead to "break" the euro area into several groups, while news reports indicate possible projects in this direction in Germany and France. "The goal is to preserve the unity of the euro area," said a spokesperson for the Economic and Monetary Affairs, Amadeu Altafaj, during a press conference."If the ultimate goal is to safeguard the stability of the euro area, it is clear that fragmentation does not serve this purpose, any proposal must be based on preserving the unity of the euro area," Has he added.

The German press reported over the weekend of a proposed stability pact reinforced for only a few countries of the monetary union and an option to create Eurobonds limited to only those countries benefiting from the best rating (Triple A). The latter project was denied Monday by the German government. The spokesman also assured the Commission preferred the "Community method", which places the center of decision-making institutions representing the European Union as a whole, as the Commission or Parliament, not a group of States .

Values ​​to follow on Monday in the Paris Bourse, where the index was down 2% to 12.45, a victim of profit taking while waiting for details of the Europe Agreement concluded last week before the G20 in Cannes Thursday and Friday:

* GDF SUEZ losing 3.3%. Belgian political parties, who are negotiating the formation of a new government, have agreed to close Sunday on condition the two nuclear power plants still operating in the country. AREVA also lost 3.8%.

EDF indirectly affected by the decision of the holdings of rights "draw" directly on 8% of the capacity of central Belgium, and indirectly through its Belgian subsidiary SPE rights over 7%, loses 1.7% .The title had sold more than 5% Friday.

* Bank stocks weigh on the coast, especially hurt by profit taking in a climate of uncertainty about the implementation of the plan to resolve the crisis of sovereign debt in the euro area, as shown in the voltage levels Italian government bonds.

BNP Paribas lost 6.7%, 6.5% Societe Generale, Credit Agricole and Natixis 6.4% 5%. The European index yields 3.3%, one of the biggest declines sector with commodities (-3.4%).

* The CYCLIC are also victims of profit-taking, exacerbated by concerns over growth. ALSTOM lost 3.6% and 3.2% MICHELIN 53.930 euros, while Goldman Sachs cut its price target from 78 to 70 euros, while remaining "neutral" on value.

Wall Street opened little changed on Thursday, the concern surrounding the European crisis of debt weighing on a market already made nervous by the earnings season.

Fifteen minutes after opening, the Dow Jones gained 0.2% (25 points) at 11,527 points.The Standard & Poor's, largest, took 0.2% (2.5 points) to 1212 points while the Nasdaq composite fell by 0.1% (2 points) to 2601 points.

Information from the German newspaper Die Welt, the German government that does not exclude the possibility of postponing the second time the EU summit scheduled on Sunday, has cooled investor sentiment, eager for Europe to find a plan to end the crisis.

In the process, senior sources directly involved in the preparation of the summit said they were unaware of such a project report.

Reports that the European Financial Stability (EFSF) may redeem the bonds on the secondary market under certain conditions are not sufficient to fully reassure the market.

Investors also monitor closely the earnings season that stand out far subdued. Microsoft will release its results include after-hours trading.

Yahoo gained 2.3% after asking that applicants interested in a takeover bid does not communicate with each other, while the group is probably too big to swallow for a single company, with the possible exception of Microsoft, whose title was down 0.5%.

EBay is losing more than 4% after yet announced a quarterly revenue up 32% and net profit in line with expectations of financial analysts.

The weekly jobless claims fell slightly last week in the United States at 403,000 against 409,000 the previous week and 400,000 expected.

European shares have gradually reduced their gains Monday afternoon due to lack of more precise statements confirming the speculation of interest rate cuts from the European Central Bank (ECB) and new measures to support the banking sector.

The announcement 16h to a decline in home sales in the United States in August has increased the movement.

At 4:37 p.m., the CAC 40 index gained no more than 0.4% to 2821.25 points, while he earned more than 3% at mid-session. The London Stock Exchange lost 0.51%, Frankfurt earns more than 1.1% and 1% EuroStoxx 50E.

"The increase in this morning was purely related to rumors. In the absence of confirmation, the markets are reducing their earnings for several hours," said one speaker. "What the market expects, it is clear statements and figures."

The Japanese authorities intervened on Thursday on the foreign exchange market and the Bank of Japan supported this effort by relaxing its policy again to curb soaring yen, which has increased with the downturn in the global economy.

The double strike, following a similar decision of the Swiss central bank, follows several warnings from Tokyo who fear that the strong yen will weaken the upturn in activity after the Japanese earthquake and tsunami of 11 March.

Finance Minister Yoshihiko Noda said that Japan had warned his partners, but that he had intervened unilaterally to halt what it sees as foreign exchange speculation.

According to traders, selling the yen in Tokyo morning in London, which pushed the currency down against the dollar.

The dollar, which traded at about 77 yen late Wednesday, rose to 79.48 yen Thursday on electronic platform EBS. For its part, the euro climbed 3% on the session at 113.78 yen.

"Japan is still recovering from a natural disaster, so it was clear that these movements on exchange rates have a negative impact on the economy and financial markets.We therefore conducted this operation, "said Yoshihiko Noda at a news conference.

He did not specify the extent of the intervention and would not say which currencies rather than Japan bought or sold.

ASSET PURCHASE PROGRAM REINFORCED

During the past month, the Japanese currency had appreciated by almost 5% against the dollar, flirting with its record Monday and penalizing dangerously Japanese exports.

On Wednesday, the executive vice president of Suzuki Motor, Toshihiro Suzuki, said he was "very sad" that no action was taken against the strong yen.

The Economy Minister Kaoru Yosano said on Thursday that the intervention was necessary because the movements in the exchange did not reflect economic fundamentals.

Anticipating a day of its decision on rates, the Bank of Japan (BoJ) has kept pace with government authorities and eased monetary policy, already highly accommodative, strengthening its program of asset purchases.

The nine-member Monetary Policy Council of the BoJ voted unanimously this measure, which increases from 5,000 billion yen (44 billion euros) a program that already provided 10,000 billion yen (88 billion euros) redemptions.

The central bank also maintained its key rate to its very low level or in a margin of between 0.0% and 0.1%.

Japan's efforts to follow the decision of the Swiss National Bank to counter what it sees as an "extreme overvaluation" of the franc.

"If Japan had not responded, it would have pushed the yen higher still," said Nagayuki Yamagishi of Mitsubishi UFJ Morgan Stanley Securities."A response should be undertaken promptly to prevent further strengthening of the yen."

"The impact could quickly dissipates"

Japanese and Swiss interventions could put pressure on the European Central Bank, whose board of governors meets on Thursday to take steps that since the debt crisis in the eurozone appears to be a major factor in soaring yen and the franc.

For some market currencies, the dollar may lose ground again if the American Statistical job creation expected Friday reinforces fears of a relapse in the U.S. economy.

For Takashi Kamiya, chief economist at T & D Asset Management, "the progress of the yen reflects the difficult economic and budgetary situation as the United States in the euro area".

"Therefore, even if Japan intervenes in the market, it will not be able to fight alone and long-term appreciation of the yen," said he.

"The impact of this intervention could dissipate quickly, the feeling that the yen remains a safe haven currency remains unchanged because of concerns about the global economy," says Makoto Nagahori, Instinet.

The previous intervention by Japan on the foreign exchange market went back in March in the wake of natural disasters. Tokyo had then acted in concert with its partners in the G7.

Wall Street is preparing a new season of live performance, playing a game now well known to express concerns before jumping under the influence of pleasant surprises.

Taking note of the succession of poor economic indicators, analysts have lowered in recent times their earnings forecasts.

Their reaction may be excessive, profit growth in the second quarter that could very well be ahead of expectations and boost equity markets.

"I think there are a lot of anxiety before the entry (in the earnings season), and I think that companies will continue to do what they do for a few quarters: publishing the results better than expected and their perspectives should be correct, "said Scott Billeaudeau, portfolio manager of Fifth Third Asset Management in Minneapolis.

According to Thomson Reuters data, the results of listed companies on the S & P 500 should show an average increase of 7.3% compared to second quarter 2010.

But this increase could be higher if a majority of companies beat the consensus.

Among the companies affected by the cuts forecasts clearest include financials.

JPMorgan Chase will be the first major U.S. banks to issue, with results expected Thursday, the same day as Google, which will set the tone for the technology.

Before these two groups is that Alcoa will open the ball of the quarterly informally, as soon after the close of Monday.

If the game is so complicated projections on the edge of the second quarter results is that investors are wondering how the different parts of the U.S. economy have suffered the consequences of the earthquake in March in Japan, unusual weather conditions encountered in the United States, or the pursuit of higher commodity prices and food prices.

"I think all these elements related to the macro in the world, with political turmoil, continue to permeate (the economy)," said Mike Jackson of T3 Equity Labs in Denver.

But "we will see that the groups are strongest surprise."

He said the group turned to the industry or the utilities should pleasantly surprising, but great disappointment are to be expected in health insurance, food and materials sector.

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ATR, a joint venture between EADS and Finmeccanica, announced Tuesday it had garnered 78 firm orders plus 32 options from the beginning of the year, for a total of $ 2.4 billion.

Turboprop aircraft manufacturer has unveiled its second control room, from the Brazilian airline Azul Linhas Aéreas ATR 72-600 for 10 to nearly $ 227 million.

This is the conversion into firm orders for 10 of the 20 options in a contract signed last summer at the Farnborough Air Show.

Monday, ATR had already announced an order for 15 ATR 72-600, plus 15 options, for a list price of around 680 million euros, from GE Capital Aviation Services (GECAS), the first which has passed by the division of leasing and financing of commercial aircraft from General Electric.

The ATR 72-600 can carry between 68 and 74 passengers. The names of three clients a total of 22 firm orders and 12 options have not been disclosed.One of them will be announced Wednesday.

"I love the striptease and during the Paris Air Show, we will have other orders to disclose," said Filippo Bagnato, ATR, at a press conference.

Nearly half of these were recorded firm orders from new customers.

"This historic level of sales mid-year confirms the attractiveness of our aircraft and bodes very good market prospects in the future," said Filippo Bagnato.

ATR, which has doubled in three years the number of aircraft in operation owned by leasing companies, has earned such an order of 18 aircraft to the Indian company Lion Air.

The manufacturer shows a backlog to its highest level since 2005, with 223 units for a total of five billion dollars, representing more than three years of production.