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The growth of manufacturing in the euro area picked up slightly in July, thanks to the dynamism of the sector in Germany, show the final results of the monthly survey Markit.

The PMI final Markit purchasing managers stood at 56.7 against a flash estimate to 56.5 and 55.6 in June

So the tenth straight month that the index is above the 50 mark that separates growth from contraction in activity.

"It seems that the improvement is reflected in the PMI in the euro area in July is almost entirely due to an acceleration of growth in Germany," said Chris Williamson, chief economist at Markit.

The component output rose to 58.7 in July, up slightly from the initial estimate of 58.3 and 57.2 higher than the figure for the month of June

The employment rose to 51.1 against 50.4 in June, the highest since May 2008, again due to improved labor market in Germany.

Motorola profit and publishes a quarterly sales above Wall Street expectations, greeted by a rise in its pre-market action.

The American group as it prepares to split into two operations in early 2011, has achieved the second-quarter earnings of $ 162 million or seven cents per share, against 26 million (one cent per share) for the same period the last year.

Excluding items, earnings per share came to nine hundred, while analysts were expecting EPS of eight hundred according to Thomson Reuters I / B / E / S.

Turnover fell to 5.414 billion dollars against 5.497 billion in the second quarter of last year, but it exceeds the market consensus, which gave 5.19 billion.

Motorola shipped 8.3 million mobile phones in April-June, 2.7 million smartphones equipped with the Android operating system developed by Google.

Analysts were expecting deliveries of 8.13 million units with 2.69 million smartphones by seven analysts polled by Reuters.

In the first quarter, Motorola had shipped 2.3 million smartphones for a total of 8.5 million handsets shipped.

The action group has risen by 3.5% in pre-market trade to $ 7.95.

"The numbers are consistent with the idea of a slowing of growth in the U.S. and worldwide, but not a recession in 'W'," said Nigel Gault, economist at IHS Global Insight.

Entries weekly unemployment declined in the United States during the week to July 10, at 429 000 458 000 cons (revised) the previous week, said the Labor Department, while economists had expected jobless claims averaged 450,000.

The producer prices have meanwhile fell more than expected due to lower energy costs. They fell 0.5% last month, after falling 0.3% in MayEconomists polled by Reuters had expected a decline of 0.1%.

The increase in industrial production in June was announced in the aftermath is just as a sham because it is primarily due to increased electricity production justified by the massive use of air conditioners.

This declining trend in the economy observed in June of large chance of being confirmed in July as evidenced by signs of activity around New York and Philadelphia.

The indices "Philly Fed" and "Empire State" have both signed for the sharp declines this month, the first falling to 5.1 against 8 in June, dipping to 5.08 the second month against 19.57 last.

"We are now in an economic environment in which one steps forward and one step back. We must content ourselves with a low growth for some time yet," said Howard Simons, strategist at Bianco Research.

Sanofi-Aventis is planning acquisitions in the United States, including one or two that could cost him at least $ 15 billion, told Reuters a source familiar with the matter.

Speculation that laboratories such as Biogen, Genzyme and Allergan may be targets of the French pharmaceutical group drove up the price of these companies at the NYSE.

In the afternoon in New York, the action took 4.4% Biogen, Genzyme 5% and 6% with Allergan stock market valuations of approximately 13 billion, 13.5 billion and 18 billion dollars respectively.

The Board of Directors of Sanofi met in Paris this week and discussed several options for acquisitions, but no decision has been taken on potential targets, said the source told Reuters.

The latter, which is not authorized to speak to reporters, spoke on condition of anonymity.

In turn, a spokesman for Sanofi, the world number six from the pharmacy, simply stated that "the group's policy is to not comment on market rumors."

The Bloomberg had initially reported that Sanofi was preparing to acquire a U.S. company worth at least $ 20 billion.

GOOD STRATEGIC DECISION

Faced with competition from generic drugs, the group is actively looking for potential targets, which should enable it to find new sources of growth.

"In the big pharmaceutical companies, everyone is watching and there are whole departments that work on potential acquisitions," says Thierry Verrecchia, analyst at Raymond James.

The acquisition of a U.S. biotech is an excellent strategic decision, observed Fabian Wenner, an analyst at UBS.

"They need essentially biological expertise in antibodies," he says, adding that, therefore, Biogen and Allergan may be on the radar screen of Sanofi, while Amgen Bristol-Myers Squibb or appear to be too large pieces to swallow for French.

Sanofi announced Wednesday the acquisition of American TargeGen for some 560 million dollars (458.5 million euros), an operation designed to strengthen the group's positions in oncology.

The title Sanofi closed Friday at 47.06 euros, down 2.42%, giving a market capitalization of nearly 61.7 billion euros. The action has underperformed the DJ Stoxx sector index (-1.17%) and the CAC 40 (+0.25%). She has lost 12% since the beginning of the year.

"The share price decline as investors worried about the price. But if the acquisition was accretive, it would not be that bad," observes Fabian Wenner.

Registrations of new cars in France fell 1.2% in June on a year to $ 240,587, announced the Committee of French Automobile (CCFA).

The month of June were 22 working days, against 21 last year.A comparable number of working days, the decline in sales stood at 5.7%.

Of the first six months of 2010, registrations in France stand up 5.4% on a reported basis, to 1,212,492 units, and 3.7% in comparable number of working days from the same period of 2009.

Sales of French brands fell 7.9% in June, while those of foreign brands rose 7.8%.

Sales of passenger cars by PSA Peugeot Citroen fell 5.6% in June, while those of Renault were down 1.0%.

Registrations only Dacia (Logan, Sandero and Duster) almost doubled (95.8%), while those of Renault fell 11.1%.

Sales of the Citroën show a decline of 7.3% and Peugeot were down 4.1%.

The Paris Bourse was hesitant about opening a day after a fall of 4% and in anticipation of several indicators in Europe and the United States.

The CAC 40 is expected at the end of this session, last month, its first quarterly loss after four consecutive quarters of increases. At this stage, the ACC leaves approximately 13.5% over the quarter.

Around 9:20, the index gained 0.32% to 3444.0 points.

STMicroelectronics, highest jump, takes 1.29%, followed by Sanofi-Aventis, which earns 0.85% after the announcement of the acquisition of the American TargeGen.

The bank, apart Dexia (-0.07%), bounce on the eve of the repayment of 442 billion borrowed a year ago to the ECB by the European banks.Societe Generale gained 0.81%, 1.22% Credit Agricole and BNP Paribas 1.26%.

France Telecom sells 0.92% after the lowering of recommendation from Goldman Sachs to Neutral cons buy.

Other major European markets advance marginally, London and Frankfurt gained 0.32% 0.33%. As for the European indices, the EuroStoxx 50 wins and 0.49% Eurofirst 300 rose 0.14%.

Euro recovers, trades at about 1.223 dollar after going under $ 1.22 the previous day.

U.S. light crude oil off again on the rise as to approximately 76.2 dollars a barrel after falling more than two dollars Tuesday.

The Icelandic economy is technically out of recession but the risk remains and the financial sector is still subject to uncertainty after a court decision on loans related to exchange rates, said the International Monetary Fund.

The IMF said it expected that the recovery of the Icelandic economy takes its momentum through the rest of the year, but said a decision by the Supreme Court of the country presented a number of risks .

"The stability of the system is not in jeopardy because of the coverage of government guarantees," said Mark Flanagan, Director of the IMF mission in Iceland.

"However, the decision (on loans) could have an impact on public finances, the pace of liberalization of capital control and other aspects of the program."

The highest Icelandic court ruled June 16 that some loans related to exchange rates of foreign currencies were illegal. Borrowers would therefore have no obligation to repay the principal of their loans as the Icelandic currency.

This decision poses a risk that creditors may large losses for the Irish crown plunged after the collapse of the Icelandic banking system there nearly two years.

GDF Suez has asked the Commission for Energy Regulation (CER) for permission to increase gas prices by 5% from 1 July, reported Le Parisien, Aujourd'hui en France.

If the CRE provides a favorable opinion, the bill of 10.8 million gas users in France have risen a total of 15% next winter by counting up 10% already taken place in April, the newspaper .

No comment could be obtained immediately from GDF Suez.

The World Group announced Monday it had received two takeover bids and a mark of interest.

The first offer comes from the CEO of the Nouvel Observateur allied to the Spanish group Prisa and France Telecom, the company said in a news release.

The second offer from a consortium of philanthropist Pierre Berge, the banker Matthew and businessman Xavier Niel.

The "expression of interest" from the Multimedia Group income.

The Le Monde group added that its supervisory board would nominate a candidate June 28

General meetings of company personnel who have a veto are scheduled for 24 and 25 June