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The growth of the U.S. economy in the second quarter was much weaker estimated initially at 1.6% annualized 2.4% originally announced cons, particularly penalized by the higher increase in imports for 26 years, published revised statistics show Friday.

Economists polled by Reuters on average expected a downward revision even more pronounced at 1.4%, mainly due to higher imports and slower recovery in business inventories. (See)

Export growth was revised to 9.1% for the second quarter, while the previous estimate reported an increase of 10.3%.Imports have them, increased by 32.4%, against 28.8% in the first estimate.

Following this publication, futures on U.S. indexes have increased their gains, while European markets are back in positive territory.

EADS announced that it is more of its objectives in 2010, reinforced by the recent trade performance of Airbus, its flagship division.

The European aerospace and defense, however, reported first-half results down, therefore including exceptional negative currency effects.

During the period January to June, the adjusted operating profit – before interest, taxes, goodwill and exceptional items – EADS fell 54% to 406 million euros.Net income decreased 51% to 185 million while turnover was up 1% to 20.3 billion euros.

The evolution of exchange rate weighed on operating profit adjusted to 550 million euros.

In the second quarter alone, adjusted operating income down 51% to 323 million euros, net profit plunged 61% to 82 million and revenues fell 3% to 11.35 billion.

For this period, 14 analysts polled by Inquiry Financial Europe AB anticipated adjusted operating profit of 285 million euros and a net profit of 146 million and a turnover of 11.25 billion.

Given the high level of orders placed at Farnborough Air Show in July, Airbus now believes it could end the year with over 400 gross orders when he was 300-400 commands at beginning of year.

Deliveries should be on their side on some 500 aircraft (498 in 2009) and the manufacturer plans to increase the production rate of its single-aisle aircraft from 34 units per month at present to 40 units per month from the first quarter of 2012.

Penalized by a more difficult environment, the helicopter manufacturer Eurocopter for its part should register a level slightly lower than shipments in 2009.

EADS now expects to post revenues of more than 44 billion euros in 2010 on the basis of one euro to 1.35 dollar but maintains its objective of operating income adjusted to about one billion euros.

When presenting its first quarter results, the company said it expected to reach a turnover "broadly stable" – he had totaled 42.82 billion euros in 2009 – on the basis of a euro to $ 1.40.

Nippon Steel, the fourth largest producer of steel, has experienced an improvement in its results for the fifth consecutive quarter, but reported lower than expected given the market slowdown in growth in China.

The Japanese group has announced a recurring earnings, before taxes and exceptional items, of 61.9 billion yen (541 million euros) for the period April to June, against a loss of 56.7 billion yen a year earlier .

Its sales jumped 30% to 970.6 billion yen.

The steelmaker Nippon nevertheless intends to realize an annual profit of 250 billion yen, while the Thomson Reuters consensus I / B / E / S expects 316 billion yen.

Nippon Steel and ArcelorMittal joins said he expects a sharp drop in its third quarter results, in the grip of a slowdown in economic growth in China, a seasonal decline in activity and an increase prices of raw materials.

The sharp drop in prices in China have led steelmakers to cut production and the market could find itself in a situation of excess supply even while Beijing hardened its policy and reduced exports.

The Japanese group also announced Wednesday it would form a technical alliance with Australian BlueScope Steel for reinforced steel products for construction markets to boost sales abroad.

After the results, the title of Nippon Steel closed up 3.73%, to 306 yen.

Laurent-Perrier announces increase of 17.3% of its turnover in the first quarter of fiscal 2010-2011, the group enjoying champagne strong exports to the United Kingdom, the United States, the Germany and Asia.

The turnover in Q1 (April 1-June 30) reached 36.8 million euros against 31.4 million a year earlier.

The export sales have reached 69.5% of sales of the brand, a gain of 6.7 points compared to first quarter of last year.

"If it confirms the recovery in demand, growth in volumes in the first quarter should not be extrapolated over the whole year," the company said in a statement, adding nevertheless that the price / mix should gradually recover in coming quarters.

The group generates a significant portion of its revenues in the third quarter (October-December), corresponding to the festive season to season.

The results of the first half ended September 30, 2010 will be published on 1 December 2010.

The stock has increased by 24.4% since the beginning of the year, after declining 8.5% in 2009. It has a market capitalization of 400 million euros.

The German unemployment rate reached its lowest level since December 2008 but the uncertain economic outlook for 2011 could undermine this trend.

The number of unemployed fell by 21,000 in Germany in June, seasonally adjusted data, after falling 41,000 in May (revised from 45,000) to go back to 3.23 million, announced the Federal Labour Office.

The German unemployment rate displays and twelfth consecutive month of decline.

"The unemployment figures have stagnated at this level," said Andreas Scheurle, economist at DekaBank. "The economy is expected to deteriorate in 2011.This suggests that this figure should remain at this level. "

The number of unemployed for the month of May has been revised from 3,246,000 to 3,251,000 people.

The unemployment rate remained unchanged in June at 7.7% of the workforce.

Economists polled by Reuters expected a larger decline in the number of unemployed, with 25,000 applicants for fewer jobs and an unemployment rate unchanged at 7.7%.

In unadjusted data, the number of unemployed fell by 88,000 over the month to 3.153 million.

The director of the Federal Labour Office, Frank-Juergen Weise, it is possible that the number of jobseekers fell below the three million mark by the end of the year.He stressed the good economic performance in the second quarter but had doubts in 2011.

The drop in unemployment follows a surge in industrial orders in April.

"As the order books are filling up, companies must increasingly resort to stop using part-time work or new employees. However, he cautioned against being too optimistic," said Joerg Zeuner VP Bank.

The German manufacturing activity fell further in June, suggesting a slower recovery in Europe in the second half of 2010.

"The impending austerity measures to balance budgets in the euro area is already clouding the outlook," he adds."A further decline in demand would again use under pressure."

German Chancellor Angela Merkel unveiled this month a plan to achieve budgetary savings of 80 billion euros over the next four years, with the objective to comply with the requirements of the European Union by 2013.

The latest version of the legislation on the reform of financial regulation has been adopted Friday by a committee of Parliamentarians American.

To be finally ratified, the text must still be approved by the Senate and the House of Representatives, then be subject to presidential signature by July 4.

U.S. legislators have therefore put a stop to the proposed overhaul of financial regulation in the country, having reached agreement on new restrictions on banking activities and proposed a compromise on the issue of derivatives.

It was around midnight at the U.S. negotiators Democrats have managed to find a first ground on the two thorniest issues of the bill.

The two clauses in question are intended to protect the banks' assets in risky activities of proprietary trading, causing the financial crisis of 2007-2009 which resulted in a deep recession and have led the state to fly to the rescue of the banking sector.

The Democrats were under pressure to complete their work within the next few hours, before President Barack Obama becoming engaged in discussions with leaders at the G20 summit in Toronto this week-end.

After 15 hours of intense negotiations, Democrats have finally agreed on a modified version of the so-called "Volcker rule" designed to restrict trading on own account and prohibit banks or the least strictly regulate their involvement in hedge funds and private equity investment.

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This relaxation would allow such banks to invest up to 3% of their total Tier 1 capital, core capital in hedge funds and private equity investment.

The project oversight of the derivatives market has however more trouble for lawmakers.This market 615,000 billion has to exacerbate the crisis and led to such a rescue of 182 billion dollars of public money for the insurer American International Group.

Democratic Senator Blanche Lincoln has reached a compromise with Treasury representatives aimed at forcing banks to divide their swaps which will also offer the opportunity to reach a wider variety of house swaps.

After hours of negotiation, other Democratic lawmakers have finally reached its position.

Dozens of Democrats in the House of Representatives, saying it would strengthen offshore activities, threatened to vote against the entire bill if continuation of this proposal.

Carrying out such a bill would be for Democrats a victory on the legislative front, after the health reform passed this year, more significant than the midterm elections will be held in November.

If the purpose of this bill, which has nearly 2,000 pages, is to avoid a global crisis similar to that which began in 2007, it will create a strong contrast constraints on the banking sector and could deprive him of several billion dollars in revenue.

Wall Street has launched major maneuvers to sink the project, despite a growing popular protest criticizing the bank failures and bonuses of executives. The Democrats had to suppress their ambitions, however radical overhaul so as not to deprive the votes of parliamentarians "centrist".