70 billion euros, the amount of foreign trade deficit for the French government plans to announce Tuesday. An absolute record much higher than the previous record set in 2008.

Secretary of State for Foreign Trade, Pierre Lellouche had, in mid-January, revised down from the estimated 5 billion annual deficit, previously estimated at 75 billion. "It's huge, it's still too much, of course," he had complained at the time. "We pay several years for the erosion of our industrial base, the real issue is to reboost the French offer," Pierre Lellouche was analyzed.  

The cumulative deficit of 12 months completed end of November totaled 70.450 billion euros, very marked deterioration compared to the year 2010 (51.455 billion), according to latest figures released by Customs. The projected number of 2011 is also a significant increase on the previous record of 2008: 56.2 billion. The balance of trade in goods between France and the world was again negative starting in 2003. But, in addition to structural reasons regularly cited by the Minister and industry-related and lack of medium-sized companies, competitiveness in cost, capacity to innovate enough, economists emphasize the role of energy bill.

It helped itself to some 60 billion deficit last year, said Christophe Blot, of the French Observatory of Economic Conditions (OFCE). "It is clear that energy has had a very negative impact", with a 39% increase in annual average oil prices, said Alberto Balboni for his part, the analyst firm Xerfi. Note also the slowdown in trading partner of France, he notes. However, after excluding these two factors of energy and economic crisis, there is on "long-term non-energy deficit that is growing since the early 2000s," he says.

Small increase in French exports

There is a "structural trend of the industry side to record deficits, which is associated with deindustrialization," added Balboni. The year 2011 is a case, all sectors of industry have led to a widening deficit, "says he. Areas already in deficit, including automotive and textile industries, have increased their negative balance and others "who are a little florets of French foreign trade as the aerospace industry but also the pharmaceutical industry saw their surpluses shrink ".

Hence the debate of the current presidential campaign in France on the lack of medium-sized companies (250 to 5000 employees) capable of launching export, innovation and competitiveness, both in its component price and non-price component, say the economists. Elements of "hard to quantify" but based primarily "on the question of whether there are resources that could find through the trade to improve our performance in terms of growth," explains Christophe Blot.

It is observed that French exports in 2011 grew less than those of Germany, but also that exports from Italy, Spain, UK and U.S.. The global market share captured by France and has deteriorated significantly since 1990 from 6.2% to 3.6%. For 2012, it is possible to expect an improvement on the side of oil prices that are on the downside, the average Brent price from 123 dollars a barrel in April to 108 in December. But the trend depreciation of the euro could partly neutralize this effect.

The Labor Department reported Friday, 243,000 non-farm jobs created in January, the highest figure since April, and the unemployment rate down to 8 , 3%, its lowest level since February 2009.

Since August, the unemployment rate fell 0.8 percentage point.

Economists polled by Reuters on average expected 150,000 new jobs and an unemployment rate of 8.5%, as in December. 

The number of jobs created in December was revised up slightly to 203,000 against 200,000 announced last month, and November was revised in 157,000 net increase to 100,000 against.

The private sector has provided in January all new jobs with 257,000 positions created, a highest level since April, while the public sector by removing 14,000.

Moreover, the average hourly wage increased by four hundred, which should help to support consumption.

According to the report of the Department of Labor, the expected slowdown in U.S. economic growth in the first quarter has not yet had an effect on hiring decisions of firms. 

"It's a good surprise, and the first digit of the job that is really good since the recession," said Philippe Weber, studies and strategies in CPR AM.

These figures significantly better than expected gave a boost to equity markets in Europe and the dollar.

The Dow Jones opened up 0.55%, the S & P500 by 0.66% and the Nasdaq 1%.

"This is certainly a great support for the U.S. recovery and this suggests that the rebound is growing," said Brian Dolan, chief strategist at FOREX.com markets .. ……

WHAT IMPACT ON DECISIONS OF THE FED?

The Federal Reserve announced last week the probable continuation rates to near zero until at least late 2014, on behalf of a particular unemployment rate ; high unemployment. 

The Fed Chairman Ben Bernanke told to consider new measures to support the economy, but, faced with this recovery in the labor market, the leaders of The Fed may well turn back.

The U.S. central bank has already bought 2,300 billion in bonds to keep rates low and stimulate the economy.

The United States experienced a rapid growth year on year over the last three months of 2011 to 2.8%, against 1.8% last quarter. However, the recovery of stocks of companies accounted for two thirds of this increase, which should result in slower growth in the first quarter of 2012.

The fiscal crisis raging in Europe, where several states are already in recession, is expected to affect U.S. exports and thus hamper growth.

However, there are still some signs of strength in the U.S. economy, as auto sales strong in January, a manufacturing activity, which reached a high of seven months or even declining four weeks moving average of jobless claims.

However, there are still 19.3 million Americans unemployed or underemployed.

Remain reasons to be cautious. The unemployment rate did drop for the fifth consecutive month, but partly because of the abandonment of job searches by some Americans, tired of not finding work.

An index, which includes people who have stopped job searches and those working part time but would like to work more, stood at 15.1% in January against 15.2% in de ; December.

The British public sector employees are on strike on Wednesday against pension reforms, a move that will disrupt schools, airports, hospitals and municipal services, including trade unions and expect that it will be the "most important in a generation." More than a thousand events are planned across the country and the organizers hope that two million people observe this work stoppage, more so than during the previous day's strike in June for the same reason.

The government wants to delay the age of retirement in the public sector to 66 years in 2020 – against 60 for the most current, and increase contributions, as part of its austerity plan. Negotiations taking place for several months are currently at an impasse, the government citing the increase in life expectancy and the need to restore a balance with the private sector. In an attempt to limit the nuisance caused to users – a particularly sensitive subject in the UK – the Conservative Prime Minister David Cameron has asked companies to accommodate employees with exceptional children.

However, U.S. consumers flocked to the doors of department stores, which opened earlier this Black Friday, traditionally the day that launches shopping season in the United States.

The markets were closed yesterday for Thanksgiving. The "Black Friday" is traditionally one of the least active day on Wall Street.

The S & P distribution, up much of the session ends with a loss of 0.84%.Wal-Mart has taken all the same 0.44% to 56.89 dollars.

The Dow Jones lost 25.77 points (0.23%) to 11,231.78 points. The S & P-500 loose 3.12 points (0.27%) to 1158.67 points. The Nasdaq Composite yield 18.57 points (0.75%) to 2441.51 points.

On the whole week, the Dow lost 4.8%, the S & P 4.7% and the Nasdaq 5.1%. This is the largest weekly loss in the S & P in two months.

"It's hard to say we had a session today, since there was virtually no one," said Kevin Kruzenski (KeyBanc Capital Markets).

"The market is oversold and some based on the hope the holiday season, but the general sentiment remains weak.

The U.S. operator and Deutsche Telekom, parent company of T-Mobile, ensured continued efforts to obtain the green light by U.S. antitrust authorities to repurchase $ 39 billion, which could threaten thousands of jobs but they withdrew the case filed with the Federal Communications Commission (FCC), the regulator of the sector in the United States.

"This formal approach is taken today by the two companies to consolidate their forces and focus their efforts to obtain antitrust approval from the Department of Justice", said the companies.

"AT & T and Deutsche Telekom keep the goal in the sale of AT & T, Deutsche Telekom's mobile operations in the United States," said the statement, published on Thanksgiving Day, a holiday in the United States.

The Department of Justice (DOJ) and the FCC opposing the operation, which could only be reduced to three the number of national mobile operators.

A green light from the FCC would be useless without the DOJ.

The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment but including automotive) were down 3.1% from the previous month after rising 0.8% in August.

Those from abroad also recede, 2.7%, says the National Institute of Statistics and Economic Studies in a statement. The decrease is very strong in the automotive (-6.9%), pharmaceuticals (-8.3%), chemicals (-2.7%), paper and cardboard (-6.2%) and textile (-3.2%). Electrical equipment, electronic and computer were down 1.6%.

The Dow Jones lost 1.13% or 134.86 points at 11,770.73 points, while the Standard & Poor's 500, the reference fund managers, gave up 1.68% or 20.78 points to 1,216 , 13 points. The Nasdaq Composite fell 1.96% or 51.62 points to 2587.99 points.

There was no very obvious trigger for this downturn.

Mizuho Financial Group announced the elimination of these positions, which represent about 5% of its workforce, by March 2016 in connection with the merger of its retail banking and business.

Half the income of Mizuho Financial Group, the second Japanese bank by assets, fell by a quarter, partly due to a drop in trading revenue bond.

Sumitomo Mitsui Financial Group (SMFG), the third Japanese bank whose profits also fell by 25%, said it would repurchase up to 50 billion yen (476 million) of its own shares or 1.63 % of its claims.

"The profitability of their core business remains low in Japan, including disposals of investments and sales of insurance products, which remain low," he said of Mizuho and SMFG Chikako Horiuchi, an analyst at Fitch Ratings in Tokyo.

"Times are tough for their brokerage. So the question is whether they are capable or not boost their activities abroad."

The prospect of the Japanese economy is overshadowed by a strong yen and weak global demand.