The NYSE has hesitated. It finally ended in the red on Wednesday. After rebounding said yesterday (1.52%), the Dow Jones lost 0.20% to 10,038.38 points. The Nasdaq lost 0.14% to 2147.87 points and the S & P 500 fell 0.22% to 1068.13 points.
The wait dominates before confirmation of support from the European Union to Greece. Investors await the meeting of European heads of state tomorrow Thursday after which a European financial aid for Greece should be announced. But doubt persists. "In general there is a senior, anonymous was quoted as source. Translation for everyone is that this information should be taken with caution, "says Patrick O'Hare of Briefing.com financial site.
In the final meeting, the Spanish Presidency of the EU announced that European countries would give their support to Greece.But the market always wondered how such a help.
In this context, the dollar begun to rise again against the European currency: 1 Euro 1.3726 U.S. dollar traded (-0.37%). Side materials, a barrel of light sweet crude for March delivery ended at 74.52 dollars, up 77 cents from the close of Tuesday.
To these doubts mingles the concern over the remarks of Ben Bernanke. This has not announced any increase in rates, but this solution is considered. The discount rate will he, as the statement implied the rumor in the markets in recent days.
Regarding statistics, the trade deficit the U.S. has continued to widen in December, rising by 10.4% compared to November, while analysts expected him to be reduced."We had numbers of calamitous external deficit, indicating that the economy will experience slower growth in the first quarter than the fourth, it weighs on the market," said Peter Cardillo, Avalon Partners.
Arcelor Mittal battered the United States
Arcelor Mittal, the world's number one steel, said it earned 118 million dollars over the year 2009. But the current financial year looks difficult. The U.S. market (-6.99% to 36.70 dollars) endorse the title in Paris.
In addition, Micron Technology (-5.95% to 8.54 dollars) announced it would buy Holodings Numonyx, a producer of memory cards, for $ 1.27 billion.
The Japanese car saw decidedly dark days. It is the turn of Honda (-2.20% to 33.76 dollars) from Wednesday to recall over 400,000 vehicles, after the Toyota case (1.46% to 75.69 dollars).
Airgas Inc.(-0.07% To 61.31 dollars) has rejected a hostile takeover of Air Products & Chemicals, describing it as "inadequate".
After Hours, Tuesday, Walt Disney (0.74% to 30.06 dollars) has released stable profits over one year to 844 million, or 44 cents per share. But excluding special items, earnings per share were 47 cents against 39 cents expected by analysts.
The bank is not affected by ads for Ben Bernanke. Bank of America (1.38%), JP Morgan Chase (1.25%) and Goldman Sachs (0.75%) support same document.
Dell (+1.48% to 13.75 dollars) has been "upgraded" by Bank of America-Merrill Lynch to buy from neutral.
And Omnicum, a direct competitor of Havas, which was pleasantly surprised by France, issued a profit decline of 87 to 73 cents per share.The title takes 1.42% to 35.75 dollars.
Baidu (10.83% to 482.13 euros) reported a fourth-quarter earnings up 48% to 62.7 million. The competitor Google (-0.37% to 534.45 dollars) in China publishes a profit of $ 1.8 per share.
The statement should be screaming the railway unions. According to the Court of Auditors, the reform of 35 hours explaining the difficulties of the station to cope with the opening of its monopoly to competition, including productivity gap with its competitors. They can reach 30% in the sector of freight transport.
According to the report published today, law enforcement has led to increased numbers of staff from 7000 to 7500. However, "the additional staff that the reform had resulted represents almost half the number of posts abolished during the seven subsequent years, totaling approximately 15,600 officers between 2002 and 2008.
This reform overstaffed and it has quickly established a consolidated "in terms of labor significantly less than the theoretical time required by law."In 2008, train drivers have been working daily 6:14, 1:35 or less than the theoretical length of bad credit payday loans . Even finding for drivers to maneuver and supervisors who work 20 minutes at 1:35 less than their working theory. On the RER B, managed with the RATP, the effective working time of workers down even at 5:50 am daily.
The institution of the Rue Cambon notes that despite its efforts, the station is "not reached a sufficiently relaxed social setting strictly regulated. A situation that could weaken against its competitors and "constitute an obstacle to its development."
The Court of Auditors called the coup, a "necessary harmonization of rules between the station and private operators.
ALSO READ:
The Court of Auditors pinned the transport sector
The setbacks being experienced with Toyota vehicles never seem to end. The giant Japanese automaker has indeed announce on Tuesday it will recall more than 400,000 hybrid cars in the world affected by a defect in the braking system. Among them, 223,068 vehicles sold in Japan, including 199,666 Prius. In the U.S., the figure stands at 133,000 and thousands around the world. This is another blow for the giant Nippon automotive after the 8 million vehicles returned to the garage because of problems of accelerator. The cars are concerned, primarily, the third-generation Prius, manufactured and marketed in Japan since last year.
The worldwide recall also covers tens of thousands of Lexus HS250h and SAI, whose sales will be discontinued in Japan until late February or early March.It also applies to a few tens of Prius PHV, which should be commercialized on a large scale in 2011, but already leased to Toyota by some companies and institutions on a trial basis.
This promises to reverse the more painful for Toyota, it has built its strategy around hybrid vehicles, equipped with a dual fuel engine and electricity, and presented as "environmentally friendly". This announcement follows the statement by the head of Toyota in the United States, Jim Lentz, who admitted Monday that the Japanese manufacturer had been aware of problems pedal accl?ration in 2007 but the case had not then been identif?e, thus denying that his group had hidden recurring problems.A Californian has even filed a lawsuit against Toyota, alleging that it had several problems with its brakes Prius.
Toyota shares gained nearly 4%
During a press conference on Tuesday morning – the second in just three days – the Toyota President Akio Toyoda, reiterated his determination to regain the trust of its customers and ensure that Toyota may "everything in its power" to that payday loans . "Let me convince you that we will redouble our commitment to quality, which is the heart of our society, under my direction," said Aiko Toyoda. The CEO said he would travel to the United States to explain about the reminders.
Aiko Toyoda also confirmed that Toyota will be able to immediately repair the defect on the Prius.However, the remedies are not yet ready for other models recalled, where the interruption of sales agreed in Japan. However, activity has resumed in North America, having been suspended. What Toyota does not deal with several lawsuits in partnership with the United States and Canada, from motorists who accuse it of concealing the existence of the defect of the pedal ' acceleration of their vehicles.
The Prius, whose first version dates from 1997, the hybrid car is the most sold worldwide, with about 1.5 million copies sold in late August 2009.It is central to the strategy of Toyota, whose goal is to sell more than one million hybrids worldwide each year.
At the Tokyo Stock Exchange, the share of Toyota rose about 2.89% to 3375 yen, investors saying it had fallen to a level undervalued.
ALSO READ:
The case Toyota Japan plunged into disarray
"The United States put pressure on Toyota
"Video" Toyota wanted to grow up too fast "
The euro fell Friday to its lowest level since May 2009. This morning, the single currency goes on its third session decline and fell below the $ 1.37, after passing down the threshold of 1.38 dollars the previous day (Thursday evening about 22 hours). It reached 1.3648 dollars around 9 am 30. It's a new level for the single currency since May 9
Since the beginning of the year, the euro lost 2.5%.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits Business Card Holders . The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
