The French surveyed by INSEE in November have also never been more pessimistic about their future standard of living and are more likely to anticipate an increase in unemployment, which has already reached a peak of 11.

The composite indicator of consumer confidence stood at 79 on Friday in November and pushed a lowest since February 2009.

The world's largest earth-moving machinery and equipment for the mining industry said to expect that its sales climbed 10% to 20% next year.

For all of 2011, the group based in Peoria (Illinois) now expects sales and earnings at the top of its previous forecast ranges with solid demand.

"Even if there is a strong dose of political and economic uncertainties in the world, we do not feel much in our business at this stage," says CEO Doug Oberhelman said in a statement.

"We believe that continued economic recovery, albeit slow, is the most likely scenario as we move forward."

In the third quarter, the company posted a net profit of $ 1.14 billion, or $ 1.71 per share, against 792 million, or $ 1.22 per share, a year earlier.

Analysts polled by Thomson Reuters I / B / E / S on average expected $ 1.54 per share.

The turnover stood at 15.72 billion dollars between July and September, up 41%, the group called a record, as the market anticipated 15.03 billion dollars.

After these announcements, the action Caterpillar opened up 5% to 91.82 dollars on Wall Street, the strongest gain in the Dow Jones advances 0.33% at the same time.

For all of 2011, Caterpillar said he expected sales to about $ 58 billion, including its recent acquisition of Bucyrus, whereas previously anticipated sales of between 56 and 58 billion.

Earnings per share are now expected to 6.75 dollars for the year, on top of an initial forecast range from 6.25 to 6.75 dollars.

Caterpillar said that 2011 would be a record year for the group if it achieves its performance targets and sales. The U.S. group said to have created 4,800 jobs during the quarter, including 2,000 in the United States.

Meeting in Brussels, ministers primarily responsible for preparing the ground for the Heads of State and Government in defining an acceptable range of options increased participation of the private sector to the new Greek plan on a "maximization" of fire capability fund to support the euro (EFSF) and the recapitalization of European banks.

"This afternoon, we will discuss the leverage for the rescue fund, but without committing ourselves to details," said the chairman of the Eurogroup Jean-Claude Juncker.

"We will try to present to the Heads of State and Government of a policy statement (…) We will try by next Wednesday to have as much detail as possible," he added.

The heart of negotiations on the EFSF, that Paris would be granted a banking license, allowing it to access funding from the European Central Bank to increase its capacity for action by a factor of up to five.

But Berlin refuses, however, this possibility would be to accept that the institution of Frankfurt finance the countries of the euro area, one of the dogmas explicitly excluded by the European treaties.

The other members of the euro area are also divided, Belgium and Spain having voted for a reconciliation BCE-EFSF while Slovakia and Austria have indicated that this solution was not studied.

INTERNATIONAL PRESSURE

According to several sources, Paris and Berlin are unable either to agree on the amount of the participation of banks in new bailout of Greece.

The German authorities, in particular Finance Minister Wolfgang Schäuble, insist that the envelope of 50 billion euros negotiated on July 21 is significantly revised upwards, if necessary by forcing banks to make an extra effort.

According to government sources German, Greek debt should be reduced to around 120% of its gross domestic product (GDP) against 162% today.

But again, the members of the euro area are widely divided on the different options on the table, the level of the discount to be applied to Greek bonds as well as voluntary and non-bank participation.

The count-down is initiated, however, for not only the peaks of Sunday and Wednesday but above the summit of Heads of State and Government of the G20 in Cannes in early November.

Present in Brussels, the executive director of the International Monetary Fund, Christine Lagarde, said the institution would seek to assist the Europeans to resolve the crisis.

"The IMF will do all it can to help Europe, particularly in the Eurogroup, to find solutions," she said.

Thursday night, U.S. President Barack Obama held talks on the economic situation in Europe with his French counterpart Nicolas Sarkozy, German Chancellor Angela Merkel and British Prime Minister David Cameron.

The EBIT of the company thus stood at 330 million euros for the three months to September against 244 million a year ago.Turnover increased 20% over the period.

Deutsche Boerse and NYSE Euronext have until Nov. 8 to communicate officially to the European Commission their responses to concerns in Brussels about their merger, said last week a source close to the matter.

For now, officials of the two stock exchange operators are still reading and analyzing the "statement of objections" sent to them by the Commission on October 5, it says. This release contains the objections of the EC to the merger in terms of competition.

The agreement to acquire the operator of stock exchanges of New York and Paris by the operator of the Frankfurt Stock Exchange was concluded in February.The merger will create the world's largest exchange operator.

Earlier in the day, another source said that European regulators should organize on October 27 an oral examination of the merger.

The hotel group Accor is always operating income in 2011 of between 510 and 530 million euros. It builds on the pursuit of "sustained activity in Q4 2011 in the absence of signals of a slowdown in demand."

Accor has achieved sales of 1.623 million euros in the third quarter, against 1621.8 million expected by analysts according to Thomson Reuters consensus I / B / E / S. On a comparable basis the increase was 5.8% (4.52% expected) and 2.7% as reported.

On the Nymex, the November contract on U.S. crude (WTI) ended on a loss of 3.24 dollars, or 3.84% to 81.21 dollars a barrel.Meanwhile, Brent yielded 3.00%, or 3.21 dollars to 103.93 dollars.

Tuesday, oil was increased after five sessions of decline due to hopes of resolving the debt crisis, hopes were dashed on Wednesday.

"The macroeconomic events, especially from Europe and the debt crisis, will likely continue to be the catalyst to oil prices in the foreseeable future," said Chris Jarvis, senior analyst at Caprock Risk Management.

U.S. inventories of crude oil rose more than expected last week, said Wednesday the U.S. Agency for Energy Information (EIA).

Crude oil inventories rose 1.92 million barrels to 340.96 million, while economists on average expected a rise of 800,000 barrels

2011 is the year the trade deficit lights will beat his sorry record. The trade imbalance is expected to reach 75 billion euros this year, said Secretary of State for Foreign Trade, Pierre Lellouche, at a hearing Tuesday afternoon before the Finance Committee of the National Assembly, Les Echos reported . The record for 2008 (56.5 billion) is preparing to be sprayed.

Pierre Lellouche mentions "two mitigating circumstances": the rising cost of energy bills due to soaring oil prices and the overvaluation of the euro. But these two factors n 'explain that the half the deterioration in the trade deficit.We must recognize that the capacity of France to export is failing. "The basic issue is that of the competitiveness of our businesses," laments Pierre Lellouche.

The consumer prices in France rose 0.5% in August on a month, after falling 0.4% in July, and were appreciated by 2.2% year on year, said Tuesday the Institute National Statistics (INSEE). The increase in August mainly due to the end of summer sales but also reflects the higher cost of services related to tourism, these increases are offset by a decline, also seasonal, fresh produce prices and prices of services health, INSEE said. The energy prices have also increased, both for the electricity, slightly, for petroleum products.

Excluding tobacco index is up 0.5% in August 2011 (+2.2% yoy).Prices of manufactured goods rose 1.6%, with 9.8% for clothing and shoes. Price increases also linked to the end balances were also found on furniture and furnishings (+3.3%) and leather goods and travel goods (+4.1%).

Conversely, promotions are behind the falling prices of new cars (-1.7%). The food prices fell slightly (-0.2%), decreased primarily due to lower seasonal prices of fresh products (-3.6%). Excluding fresh food, the food prices rose 0.4%, after rising 0.5% in July.

Rising energy prices

Seasonally as well, prices of services were up in August (0.1%).Price increases continued on holiday accommodation (12.0%) and package holidays (+4.4%), air transport (+1.5%) and restaurants (0, 2%). On the other hand and also how seasonal prices of hotels including pensions fell (-0.8%) as those of doctors (-0.4%) and dentists (-2.0%). Tariff reductions were recorded in the telecommunication services (-0.2%) and on health insurance (-5.2%).

The energy prices have instead increased (0.4%) after a stable in July. In one year, they increased by 11.9%. In August, electricity prices rose by 1.4% and prices of oil products edged up 0.1% (+15.5% yoy).

The Spanish deputies approved Friday by an overwhelming majority the inclusion in the Constitution a "golden rule" of fiscal stability, despite the growing social and political discontent in the country. The parliamentarians approved, to 316 votes for and 5 against, the text, which includes the Basic Law the principle of limiting the public deficit, allowing the transmission to the Senate next week as part of a procedure emergency.

Spain will become the first country to respond to the call on August 16 by France and Germany, which wanted the 17 countries of the Eurogroup adopted before the summer of 2012 the "golden rule" to a balanced budget.Berlin includes in its constitution since 2009, while Italy and France also have this project.

For Madrid, the reform, which is accompanied by an organic law (passed by June 2012) includes a numerical limit to 0.4% of GDP, should serve as a vaccine against the financial markets still skeptical about the strength of countries.