The CAC 40 index ended for the first time above 3,400 points since early August, with a gain of 1.52% to 3427.92 points. For the week, the benchmark index of the Paris took 3.29%.

The London Stock Exchange has sold for 1.81%, 1.67% that of Frankfurt and Milan up 1%. The pan-European STOXX index rose 1.49% 50a.

Concerns about the apparent lack of progress on the Greek case, however, have plunged the Athens Stock Exchange.

"After a month of January for significant investors, European stock markets continued their advance (…) the announcement of a fall in unemployment in the United States to its lowest level in three years (8.3%) and an imminent agreement on Greece maintain the euphoria on global indices, "said Fabrice Cousté, CEO of CMC Markets France. 

The upturn in the U.S. employment continued in January, with the highest rate of job creation observed in nine months, and the unemployment rate fell to , its lowest level in nearly three years, reflecting the impact of growth in the fourth quarter of 2011 at the beginning of new year.

The growth rate of services sector in the U.S. has in turn greatly accelerated in January, while economists had estimated that it would evolve in the ME I beat that in December, according to figures released by the Institute of Supply Management (ISM). 

In addition, orders to U.S. industry rose for the second consecutive month in December, driven by increased business investment, and the rate of growth of the sector services has increased significantly in January.

The specialist geophysical services and equipment for the oil industry recorded a utilization rate of the fleet marine marked improvement, while Sercel, its subsidiary specialized in the production of geophysical equipment, has reported a significant increase sales of land equipment.

"Our results have improved significantly this quarter. They are excellent for Sercel.

Operating income for the German automaker will show growth in 2011 "clearly double digit," said a spokesman for the group.

Porsche has reported an operating profit up 25% to 1.51 billion euros over January-September.The spokesman declined to provide comparable figures for 2010, when Porsche had experienced a truncated fiscal year from August to December.

The manufacturer, owned by Porsche SE and Volkswagen reiterated its plans to sell more than 100,000 vehicles this year, after having passed 85,872 from January to September, or 26% more than in 2010.

Sales in China soared 82% over the period, to 17,683 units.

Thursday, Volkswagen reported an operating profit for nine months rose 86% to 8.97 billion euros, with a rate of double-digit growth in sales and a gain related to the merger with Porsche.

The Dow Jones gained 1.44% or 153.41 points at 10,808.71 points. The Standard & Poor's 500 benchmark fund managers, was awarded 24.72 points or 2.25% at 1123.95 points. The Nasdaq composite has been 2.95% or 68.99 points to 2404.82 points.

The U.S. stock market at large had lost 18% over the last four months, affected by poor economic growth around the world and concerns about the deficit countries in the euro area.

The magnitude of these losses out of the woods investors on the lookout for buying opportunities.In particular, they set their sights on tech stocks and banking.

"We buy a few shares. We stick to companies with strong balance sheets, or with a global presence in emerging markets, certainly not in the financial services area," said Kim Forrest, an analyst at Fort Pitt Capital Group in Pittsburgh.

Some other investors, however, favored the bank. The index of the financial sector, down nearly 30% since the market peak reached on April 29, ended up 4.1%.

The remarks of the President of the Federal Reserve were also able to help cheer the fellows.The Fed, Ben Bernanke said, is ready to take further steps to support economy "almost staggering," clearly referring to the will of the central bank to intervene further to ensure that the U.S. fall into recession.

In terms of values, Apple, including the presentation of the new iPhone has disappointed, ended down by 0.56% to 372.50 dollars. The value has sharply reduced its losses late in the session along with the market went back.

Bank of America, in session after reaching its lowest level since March 2009, ended with a gain of 4.15% to 5.76 dollars.

Citigroup rebounded by 5.5% and Morgan Stanley from 12.3% to 14.01 dollars.The value is down 48.5% this year.

Sears Holdings soared 11.7% to 63.94 dollars.

About 12.9 billion shares changed hands on the New York Stock Exchange, the Nasdaq and the Amex, more than 60% more than the usual daily average since the beginning of the year.

The rating agency expects that the European Central Bank (ECB) is not interest rates before the end of first quarter 2012 and that the Bank of England keeps rate at 0.5% until the second half of 2012 to meet the 1% by the end of next year.

S & P planned to date for euro zone growth of 1.9% in 2011 and 1.8% in 2012.

"We continue to believe that a true 'double dip' ('double dip') will be avoided by maintaining sources of growth, although we recognize that downside risks are significant," writes Jean-Michel Six, an economist for Europe S & P "In particular, we will closely monitor the evolution of consumer demand over the coming quarters."

For its part, the International Monetary Fund next month should lower its growth forecasts, reported Monday the Italian news agency Ansa.For the eurozone, the IMF expects more than 1.9% of GDP growth in 2011 and 1.4% in 2012.

The S & P forecast for Germany is reduced to 2% in 2012 instead of 2.5%, and for France to 1.7% in 2011 and 2012 instead of 2.0% and 1.9% respectively .

The French government has lowered its forecast last week to 1.75% in 2011 as announced in 2012 and 12 billion euros in measures of income and savings to reduce its public deficit in the agreed proportion.

According to S & P, the British economy should grow by 1.3% in 2011 and 1.8% in 2012 (instead of 1.5% and 2.0%) and the Spanish economy by 1.0% in 2012 to instead of 1.5%.

These words, delivered Saturday at the annual meetings of Jackson Hole (Wyoming), have followed a remarkable response from the Executive Director of the International Monetary Fund (IMF) Christine Lagarde, who has warned against the risk of the global economy plunging into recession and called for a rapid and coordinated political action, particularly through a recapitalization of banks.

"We believe that the very solid anchoring of inflation expectations is our one of our major assets," said Jean Claude Trichet, who did not mention in his address the crisis of sovereign debt in the euro zone or prospects for the policy of the ECB.

"This is something we consider absolutely essential to trust," he added, saying that confidence was useful in a difficult environment to help maintain growth.

The European Central Bank will adjust its monetary policy unconventional specific problems it faces, said the head of the institution in Frankfurt.

"The use of unconventional measures depends on the operation of the transmission of monetary policy and must be proportionate to the level of malfunction or interruption of money and capital markets or market segments," he said.

Jean-Claude Trichet echoed the comments of Christine Lagarde, that the upheavals of the political process in Europe increases the uncertainty.

"Paradoxically, we – as a group, as a whole – are not necessarily being in trouble because our fundamentals are very bad. Our fundamentals are very bad.The problem is that we have created difficulties in our governance, "he said.

"SLOWDOWN DOES NOT MEAN RECESSION"

Austria's Ewald Nowotny, a member of the Governing Council of the ECB and also present in Jackson Hole, said in turn that there was no reason to believe that inflation expectations had increased.

"What we see is that inflation expectations are stable," he told news agency Bloomberg.

"At the moment, when I look at oil prices and demand, I see no specific problem that could contribute to an increase in inflation expectations."

These comments suggest that the ECB has a mandate to keep inflation just below 2%, could keep its rates unchanged after two successive increases this year.

To the Governor of the Austrian National Bank, "the prospect of growth is intact" in the euro area and provide a solid foundation for next year.

"Even if there is a slowdown, it does not mean that there is recession," he said to Bloomberg, saying not to believe that the interbank lending market was moving towards paralysis, as in 2008 after Lehman Brothers.

"We should not overstate the situation (…) We are far from a situation like after Lehman.It's something to watch, but not an immediate challenge. "

Earlier this month, Ewald Nowotny was found that the surge in bank deposits with the European Central Bank was worrying, but warned that the economic situation in the euro area had not changed overnight.

The Nikkei gained 21.02 points to 9,107.43 and the Topix, broader took 1.94 points (0.25%) to 779.06.

The Tokyo stock market has benefited from the good performance observed the day on Wall Street, thanks to a major merger or acquisition in the technology sector and hopes for solutions to the debt crisis in the euro area.

Google announced Monday the acquisition of the handset manufacturer Motorola Mobility for approximately $ 12.5 billion (8.7 billion euros) in cash to strengthen the market share of its mobile operating system Android.

The announcement Japanese technology support certain values, including the manufacturer of parts for smartphones Murata Manufacturing, which ended up 1.34%. The chip maker Elpida Memory has meanwhile increased by 5.08% while Renesas Electronics gained 1.86%.

But the strength of the yen on the foreign exchange market continues to worry investors. The dollar was trading around 0600 GMT to 76.81 yen.

"In addition to the summer slowdown, we could wait a while before the Japanese market will regain momentum after days of strong sales of last week," said Masatoshi Sato, senior strategist at Mizuho Investors Securities.

The Nikkei has lost some 7.6% since the beginning and is still in its 25 days moving average located at 9656.06.

The luxury group and distribution, which owns Gucci, Puma, Redcats and Fnac, saw sales rise by 7.3% in the first half to 7.2 billion, a figure close to the consensus of analysts polled by Reuters (7 , 13 billion).

Like Hermes, LVMH and Burberry, before him, the luxury division of PPR has far exceeded analysts' expectations, with organic growth of 23.2% and 24.4% in the second quarter alone (against 19% expected), marking a further acceleration from a leap of 22% in the first quarter.

In contrast, the distribution center, to be sold by the group, saw its sales fall by 1.4% semi-annual (on a comparable basis), weighed down by poor performance of FNAC (-3.2%) to facing an extremely difficult environment in France, while Redcats (Distance Selling) fared better (0.8%).

The sporting goods company Puma has seen its sales increase by 9.4%.

Current operating income rose 14.5% to 749 million euros (730 million expected) and net income excluding items increased 24% to 466 million euros.

The title PPR closed at 129.85 euros at the Paris Stock Exchange Thursday, signing a 9% increase since the beginning of the year, for a market capitalization of 16.3 billion euros.

At these levels of price, value is treated on valuation multiples of 13.4 times its estimated earnings for 2012, far behind the "pure" players like LVMH luxury (19 times) and Richemont (16.4 times).

The pharmaceutical group raised its profit forecast Thursday for all of 2011 and reaffirmed its forecast for 2013 suggests that the relatively stable for that exercise.

That year, his star anticoagulant, Plavix, will face for the first time in a year to U.S. generic competition.

In exchange, the action is gaining 2.3% to 29.28 dollars in a market up slightly.

Bristol-Myers reported a profit of $ 1.31 billion, or 52 cents per share in the second quarter, up from $ 1.27 billion, or 53 cents a year earlier.

Excluding special items, EPS amounted to 56 cents, one cent more than was expected on average by analysts polled by Thomson Reuters I / B / E / S.

The effective tax rate of the U.S. group rose to 27% in the quarter, against 20.4% a year earlier.

Revenues increased 14% to 5.43 billion, while Wall Street was counting on 5.04 billion dollars.

The group was helped by the weak dollar, strong demand for products including Abilify and Plavix and the launch of its treatment of melanoma Yervoy that appears promising.

Sales of Plavix, marketed in partnership with the French Sanofi rose 15% to $ 1.87 billion. Sales are expected to fall sharply in May when the first generic will appear.

Because it make an extremely serious matter, the recovery of public finances of France, a purely political purpose. It is a communication operation of a government that, since taking office, exploded the deficit. The objective is to the left in difficulty. We will not fall into the trap.

In defense of the government, exploding deficits is it not due primarily to the economic crisis?

Wrong! Only a third of worsening deficits in recent years is cyclical. The remaining two thirds are structural. The government sealed the deficits by cutting taxes for the rich.

Nicolas Sarkozy has recently criticized the socialist project in 2012, which will result in his debt to explode …

This is the first arsonist who wants to believe he is the fire chief! The economic framework of the socialist project provides an inversion of the curve of debt in 2013-2014 and a return to a deficit to 3% of GDP to more or less the same horizon, depending on the situation in France will be the 2012. Our commitments are consistent with current government promises. The difference is how we reduce that debt. We are committed to achieving a socially just, that is to say by ending tax breaks enjoyed by the rich and stimulating growth.

Which candidate for the Socialist primary emblem you best embody this commitment?

One who shows the strongest commitment to the fiscal consolidation is François Hollande.