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European shares reinforce their gains late Wednesday morning after the injection of almost 530 billion euros of liquidity into the European banking system as part of the second ; me refinancing long-term European Central Bank.

Traders polled by Reuters had expected that banks in the euro zone borrow some 500 billion euros, after borrowing 489 billion during the first operation to three years and at reduced rates which took place in late December.

Equity markets have increased their earnings briefly a few minutes after the announcement of the ECB before returning to previous levels. The euro also briefly mounted against the dollar before erasing its gains.

"The relaxation of collateral has worked well. We see that the central bank achieved its goal. This shows that the central bank is proactive and follows closely the situation of banks' refinancing , "said Raymond Renaud, president of Eleanor Capital.

"This is a very positive message about the state of mind in which the central bank. We see that the behavior of the central bank is increasingly close to that of the Fed."

"The market implications are positive. There are two issues of concern to markets: growth and financial stress. The subject of financial stress is very well addressed with the Greek record in the process of being resolved and the refinancing of banks, "he says

.. A ……. 11:45, the CAC 40 index advanced 0.3% after rising briefly to almost 1% and then he earned more than 0.5% shortly before the announcement of the ECB

. Other major European markets, London was almost unchanged, Frankfurt Milan took 0.5% and 0.8%

. From the European indices, the Euro Stoxx 50 gained 0.5 also Eurofirst 300% and 0.4%

. Bank stocks, which anticipated the operation from the opening, are the first measure ; res to enjoy. Farm Credit clinching nearly 4% and 1.7% Societe Generale.

The performance of the German government bond (Bund) at 10 years was 1.827%, 1.825% cons shortly before the announcement.

The euro was trading around 1.3440 dollar, while it was around 1.3465 before the announcement.

In the match that opposed them remotely Friday field of employment, Nicolas Sarkozy announced at the Petit Couronne do restart the refinery Petroplus temporary while in Florange, Francois Hollande has proposed to oblige companies to find a buyer. Relive the game minute by minute.

This afternoon, a new match was held at a distance between Nicolas Sarkozy, visiting the Petroplus refinery in Petit Couronne, and François Hollande, who moves in Florange to meet with employees of Arcelor Mittal. Two strategic locations in the field of employment. The outgoing president has announced a 6 month contract with Shell and restart the refinery. The Socialist candidate, himself, proposed a law requiring companies to find a buyer when leaving a site. Back to the duel of "saviors of plants".

2:05 p.m.: Arcelor Mittal is dismissed by the High Court of his application for entry ban to anyone outside the service in its application was primarily site.Cette the many journalists covering the occupation of the site by employees.

14:00: Nicolas Sarkozy said that would be discussed next week in Parliament a bill to prevent the diversion of assets of a failing firm, regarding the Petroplus oil declared bankrupt since late January.

14:00: "Now we need you to fight for the more difficult is that the buyer", said also the head of state. There are 3 or 4 buyers interested [...] So far we have not yet found "

. 1:52 p.m.: With regard to the financing, the president ensures that for two months of work needed to restart the refinery, "was 50 million. The 20 million were transferred to the state, 10 million will come through quotas CO ², and the other 20 million cash avanace Schell in "

1:50 p.m. "Last night later, we signed a processing contract, which guarantees refining activities for a period of 6 months. If there was no contract, it was over. The oil company will provide the gross pay and the cost of processing.

1:40 p.m.: Francois Hollande reacted to the news of Nicolas Sarkozy: "It is in fact only get the former owner of the site. This is going to the most urgent."

1:20 p.m.: "I am a word. It is signed" with Shell, said Nicolas Sarkozy, adding: "I'm not saying it saves the refinery, but it is signed, it makes the job for six months ".  

Holland made two proposals

1:18 p.m.: Holland wishes to clarify that he came as an MP, and is prepared to file a bill: "When a large firm does more than one production unit but does not give the, we will do a bill that will force him to appeal to buyers. " Another proposal: the businesses that use too much to pay the interim benefit of unemployment contributions. He is applauded by employees.

1:10 p.m.: The Socialist candidate speaks. He says he wants to defend the steel industry, "sector of excellence". "I come before you to make commitments. I am aware of the anguish that is yours." He adds, to the attention of its competitors: "There are candidates and candidates of the people who claim to serve the people"

13.00: Francois Hollande arrived at the plant Arcelor Mittal, where he has not spoken yet. It stands in the middle of union representatives, who express their demands, after climbing a truck.

12:45: The president finally arrives on the site. Francois Hollande, is always expected Florange.

11:50: The PS deputy for Seine-Maritime, Laurent Fabius, was invited by surprise on the Petroplus refinery site to welcome Nicolas Sarkozy.

11:45: Nicolas Sarkozy will meet in closed session with the staff representatives and administrators of the Petroplus refinery.

Faced with a record unemployment rate since 1999 that is almost symbolic of the 3 million people, the head of state has recently invested personally in two emblematic cases of companies threatened: the Lejaby lingerie factory Yssingeaux (Haute-Loire) and the solar panel manufacturer Photowatt to Bourgoin (Isère). Candidate since Feb. 15 to a second term, Nicolas Sarkozy made a record of his two electoral argument to illustrate his determination to protect "the France of the factories". "If I had said as they (the Socialists) + we + can not do anything, Alstom would no longer exist, Photowatt we do speak of it and Lejaby would have been wiped off the map", he said Thursday at a public meeting in Lille.

BNP Paribas, whose 2011 accounts were affected by the provisions on Greece and the financial crisis, nevertheless reassured the markets on Wednesday the outlook for 2012 Aftern s have reported a good start to the year in investment banking.

Its CEO, Jean-Laurent Bonnafe, also said he expects this year to stabilize the crisis in the euro area and an economic slowdown in Europe, e cartant and the recession scenario chosen by some economists.

"We think there will be some sort of stabilizing the situation in the euro area," said Chief Executive of BNP Paribas in an interview with Reuters Insider. "There will be some kind of slowdown (economic, Ed) in Europe this year, but no recession."

Asked about the prospects for business in 2012, he reported a "strong" start to the year in investment banking.

Around 24:50, the BNP Paribas signs the largest increase in the CAC 40 up 6.62% to 35.73 euros, outperforming the European sector index (+2.5%). The action resumed nearly 18% since the beginning of the year, bringing the Group's market capitalization to 43 billion euros, after falling 36% in 2011 .

"The performance (of the CIB, ed) is clearly better than the average BFI European and American," said Alex Koagne, an analyst at Natixis Securities.

"In addition, the group was generally optimistic, indicating that the beginning of the year had been good in this business," he says.

"AHEAD" ON RECAPITALIZATION

Despite being down by 50% to 765 million euros in the fourth quarter, net income is superior to the expectations of analysts surveyed by the editor Reuters. 

The latter on average expected higher losses in the banking business and investment banking (CIB), the image of what came out of the results of Deutsche Bank.

"Despite a year marked by many non-recurring items (…), the bank shows a fair return while its solvency and liquidity position continue to strengthen, "said Pierre Chedeville, an analyst at CM-CIC Securities in a note.

BNP Paribas, which has decided to maintain a dividend, unlike SocGen and Credit Agricole, also estimated to have reached six months ahead with the objectives set for recapitalization by European regulators, with a capital ratio of 9.6% at end 2011. 

"They do not need to accelerate the process of 'deleveraging' (reducing balance, Ed)," Yohan holds Salleron, manager at Mandarine Gestion.

The French bank, who spent an additional charge of 639 million euros in its accounts for the last quarter of 2011 on government debt, reports that it has now reached 75% of its funding on the Gre ; this against 60% previously.

NEW DEVELOPMENT PLAN IN 2013

Its chief executive said to be confident that the group will not have to place new provisions on Greece, which is negotiating a new bailout with the International Monetary Fund The European Union, the European Central Bank and its private creditors. 

In BFI, where the bank has suffered for 510 million euros in losses on disposals of sovereign debt in Q4, the group table in 2012 on new charges outstanding € 850 million related to divestitures of assets and restructuring of its operations.

"The early years (2012, Ed) has been quite strong in investment banking", indicated Jean-Laurent Bonnafé.

Hired as many European banks in a plan to reduce stock and asset sales, the general manager of the BNP, however states that he "no plans" regarding a sale of its subsidiary American BancWest. He also rejects any sale of its land Klépierre which the bank holds 51% stake.

In terms of its refinancing needs, focus point on which investors concerned about the financial health of European banks, BNP announced that its issuance program in the medium and long-term amounts to 20 billion euros for 2012, five billion has been raised.

The new leadership of the bank, led since December by John Lawrence Bonnafé, present in 2013 a new development plan.

Relieved by the adoption of the new austerity plan by the Greek parliament in Athens, financial markets have not provided plunged into euphoria, the stock markets Europé ; Ennes reducing their gains in late afternoon while the euro erased some of its progression.

In Paris the CAC 40 index displays a close up 0.34% to 3384.55 points, after peaking at 3413.43 in early trading and a passage in the red in the middle of the afternoon. Elsewhere in Europe, Frankfurt gained 0.68% and 0.91%, while London Athens ended with a gain of 4.65%. The pan-European FTSEurofirst 300 index ended with a gain of 0.71% to 1,071.63 points after rising in early morning to over 1,074.

The European partners of Greece have called to make new pledges its commitment to reform: before the Eurogroup meeting scheduled for Wednesday, the Government Lucas Papademos has yet to find 325 million euros in savings and get a written commitment of political parties to enforce the terms of the agreement.

"See riots and austerity measures to a 'newspaper, it's not good for confidence in the economy. This discourages people from spending in the real economy and it erodes consumer confidence, "said Joe Rundle, head of trading for ETX Capital

. The

Stoxx financials finished up 0.53%. But several French banks have finished in the red after the decision of French and Belgian market authorities to lift the ban on short selling on banks and companies insurance in force since August: BNP Paribas has sold 2.07% 3.64% Credit Agricole and Societe Generale 2.19%.

Other values ​​for this session generally calm, Cable & Wireless Worldwide jumped 44.51% after Vodafone's statements on his interest in a possible takeover.

Sign that investors are still far from fully reassured that the Greek case, the futures contracts on German government bonds, safe haven par excellence in Europe, are starting to rebound in the afternoon. 

Previously, the vote was nevertheless benefited the Greek borrowing of the States "peripheral" euro zone, such as Italy or Spain. The Italian Treasury shall conduct an auction Tuesday for at least six billion euros of bonds, on Monday after raising 12 billion of short-term paper with yields down.

After approaching the threshold of 1.33 dollar, the euro has given up its gains in the afternoon, passing into the red in fed low volumes, traders noting that Greek parliament's vote is far from appeasing all voltages.

"We believe that Greece will eventually receive the money by March 20 but we still think that the euro will fall," says David Watt, currency strategist at RBC Capital Markets. 

The price of oil continue to rise to the highest in six months hit last week, benefiting from renewed risk appetite encouraged by the vote of the Greek Parliament.

But the persistence of many uncertainties about the debt crisis has, again, limited the increase, especially since the beginning of a thaw in Europe after the cold spell of two weeks elapsed 're promotes profit-taking on Brent.

Christophe de Margerie, Total's CEO, believes that the quality of petrol must be paid in response to criticism of the super oil group, said Friday that more than 12 billion euros bé ; néfices.

These results raised a barrage of criticism, officials blaming Total left to accumulate this money on the backs of the French who see gasoline prices soar.

The former industry minister and UMP Estrosi regretted his part that the group in France that pays 2.5% tax on companies .

"We are conducting a policy of quality and hence prices rather expensive (…) But I'm still surprised that we are being pressured prices. If everyone was the same price, there would be more competition, "replied Christophe de Margerie Saturday in Le Parisien

……. .. It also emphasizes that the company's profits come not from the fuel distribution but "90% of oil production."

On France

FYI, the CEO said that Total has only 20% of the market in France. "This is not Total all by himself that can bring down prices at the pump," he said.

For Chistophe de Margerie "is the wrong debate" and "we must look at the problem of people who have problems short of living standards and treat it as such".

About the weakness of the tax in France, in Le Parisien it ensures that Total has always paid "substantial taxes" in France, although in recent years the group has not paid the corporation tax "because there was total loss."

"This year I have good news, we will pay 300 million corporate taxes with a further 800 million in other taxes," he says.

He added on France Info that the imposition of the group is low because there is "zero percent result in France". 

"Our business in France is mainly refining and refining loses money (…) We can not pay taxes on results that do not exist," he said.

"Annoyed" by the image of his group, Christophe de Margerie would like to correct: "Total is a myth, we must break it," he said before concluding: "To earn money, not born ; NEGATIVE, especially in times of crisis. This is an opportunity for our country ".

Total said Friday it would continue its efforts for investment to grow its production.

The third European oil company by market capitalization for 2012 foresees investments excluding acquisitions of approximately $ 24 billion (18 billion euros) against 20.6 billion in in 2011.

An American from Wisconsin was charged Thursday for selling fake Facebook actions by taking advantage of impatience about the upcoming IPO of the first global network community.

According to the complaint filed Thursday, Marianne Oleson would have claimed one million dollars in Facebook stock and have convinced several people to become the purchaser.

She was accused of 31 charges, including theft, forgery and misrepresentation.

Facebook announced Wednesday, almost eight years to the day after it was created by Mark Zuckerberg, its proposed IPO with the intention to raise $ 5 billion.

Marianne Oleson, according to the complaint, explaining that her daughter was linked to Mark Zuckerberg and had had access to titles Facebook. 

She would have paid in false actions including a contractor who performed for nearly 14,000 dollars of work on his house. The man would have also paid 10,000 dollars to buy other securities fictitious.

Another of his alleged victims, a sexagenarian, he would have four checks totaling about $ 40,000.

The IPO of Facebook, expected in May, should be the operation of this type the most anticipated of the year, and set a passing record for a spin start-up Internet.

At its IPO in 2004, Google had sold nearly two billion dollars of securities.

Standard & Poor's on Tuesday cut score of 15 large banking groups, mainly in Europe and the United States as a result of a major review of its rating criteria.

In total, the U.S. agency has reviewed the status of 37 major global banks. In particular, it confirmed the notes of BNP Paribas and Societe Generale."The lowering of S & P both on European and U.S. banks has undermined confidence in the markets," said Terry Pratt, IG Markets.

"This decision has overshadowed the progress made in Brussels on the issue of scaling the EFSF."

Another analyst, Guy Lebas of Janney Montgomery Scott, said that these banks will see their funding costs rise.

This month, officials from S & P indicated that they would gradually announce the ratings updated for more than 750 banking companies in the world, starting with the principal. New announcements are expected in the coming weeks.

For large banks, the rating adjustments are larger than S & P has provided for the entire industry.

Ahold announced Monday a series of measures to accelerate growth, new cost cuts and a boost to the dividend, the Dutch retailer hoping to convince investors of the strength of his model.

While the group has performed better than its commercial rivals in recent quarters, as Ahold trades at a discount to many other names in the industry, because of the feeling that the company is too exposed to low growth markets.

Ahold, owner of the first supermarket chain in the Netherlands Albert Heijn, produces some 60% of its sales in the U.S., with retailers Stop & Shop, Giant-Landover and Giant-Carlisle.

The company last week released the results better than expected in the third quarter with a 5% increase in earnings, rising food prices and market share gains have boosted sales despite difficult market conditions .

Among the measures included in a presentation to investors, including the group intends to triple its online sales, to 1.5 billion euros, and open at least 150 stores over the next five years.

Specifically, Ahold wants to open at least 50 supermarkets in Belgium after the results of two test stores already established in the country.

Boeing said Thursday that the Indonesian airline Lion Air was about to sign an agreement for the purchase of 201 737 MAX 29 and 737-900 for a total, based on list prices, from 21.7 billion dollars (16 billion euros).

"This transaction, when finalized, will be the largest order of civil aircraft in the history of Boeing, both in value and number of aircraft ordered," said a statement from the U.S. aircraft manufacturer.

He adds that the agreement with Lion Air, Indonesia's largest airline, also has rights to purchase 150 additional aircraft.

Boeing said that U.S. President Barack Obama will attend the signing ceremony for the purchase of 230 aircraft.

Like the A320neo from the A320, the MAX 737 is the version of 737 for fuel savings. The first copies should be delivered in 2017.

G20 countries Thursday put the finishing touches on a concerted action plan to try to put the global economy on the path to a sustainable and balanced growth and discussed the possibility of increasing IMF resources to help countries reeling from economic shocks.

According to a draft final statement dated November 2, they should agree at the end of their summit in Cannes on the need for countries with high deficits to put their finances straight and for those who have surplus boost domestic demand.

As part of this plan, Italy, which is in the eye of the storm of the European crisis, promise to reduce debts and deficits (see) to quickly bring in 120% from 2012 in its public debt of national wealth."There is a broad consensus on the need for additional financing (…) We will work on it tonight and tomorrow," she said.

PASSAGES IN WHITE

If the passages devoted to IMF resources and currency remain white, indicating that these issues are still debated, the draft final communique is also no real surprise.

Given the risk of future crises, the G20 leaders are considering a proposal to create a new credit facility in the short term the IMF to help countries that are virtuous face of exogenous shocks ().