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.
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"After consideration, we will not invest in Areva" reveals Christophe Margerie, CEO and future chairman of Total, in an interview with the first edition of the Journal du Dimanche. After the failure in late December of invitation supply in Abu Dhabi to build two nuclear reactors, which were project stakeholders EDF, Areva, GDF Suez but also Total oil group maintains its draft into nuclear power. But without investment in Areva, whose strategy is now under threat.
"Those who think we lost because of poor organization Franco-French are wrong. (…) Can we make the EPR cheaper without sacrificing safety? This is the real issue "said Christophe Margerie.The EPR French would indeed be 40% more expensive than the South Korean model finally selected by Abu Dhabi.
Needs huge
So as an investor-operator and Total says it wants to enter the nuclear market. In this context, "we want to set up projects with Areva, but we do not exclude mounting other international partnerships," said the CEO.
Asked about the economic outlook for his group in 2010, Christophe de Margerie also appears optimistic. Satisfied with the signing of two important contracts in natural gas, the United States and Algeria, he anticipates the needs of huge new countries: India, China, Middle East and Africa.
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The Paris Bourse ended the session up on Monday, recovering some lost ground over the last two sessions last week (-1.16% to close Thursday and Friday -0.95%). At the close, the CAC 40 index ended up 2.05% at 3872.06 points for a trade volume of 2.4 billion euros. The famous rally Year-end "appears to be a good reason for investors to" play "on the rise.
No statistics were published on Monday. In contrast, the rest of this week shortened (end of quotes provided 13 hours Thursday and closing of the Exchange Friday) should be marked by the third estimate of U.S. GDP for the third quarter and the sales figures in real estate the United States.
The detailed values follow …
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The idea is not new, but it is original. On 1 May 2006, a vast movement of economic boycott was launched by the Hispanic population in the United States. The principle is simple: do not go to work, do not go to school, buy nothing and sell nothing. During 24 hours.
The goal? Demonstrate the role of immigration in the course of economic life. Result: factories temporarily forced to halt production and on the same day, nearly two million immigrants protesting in the streets of Los Angeles.
It is this "day without immigrants" Nadia Lamarkbi wants to reproduce in France. The idea came to him after the controversy over the remarks of Interior Minister Brice Hortefeux at summer schools of the UMP."It was the click" confirms that the Franco-Moroccan journalist of 35 years, "long" had "the desire to act against contempt" vis-à-vis immigrants.
A boycott is open to all
Soon a group was created to promote this idea. A website and blog are set up. And mayonnaise takes. The Facebook page "day without immigrants" already has nearly 5,000 members and 10 local committees were created.
The "24 hours without immigrants" will be held on 1 March 2010. A symbolic date because it marks the fifth anniversary of the entry into force of the Code of Entry and Stay of Aliens and Asylum (CESEDA), which established an immigration "chosen" on economic criteria.
"We want to draw people's attention and ensure that the look that focuses on immigrants in France changed. Today, the word "immigrant" has become almost an insult.This is not normal, "said Nadir Dendoune, spokesman for the group.
If the motion is primarily intended "to immigrants and their descendants," all non-immigrant solidarity and recognize the contribution of immigration to the growth of our country can also participate in the boycott. Blacks, whites, beurs, left, right … it must be a national cause. We even sent an invitation to Nicolas Sarkozy. As the son of an immigrant, he should be concerned, "quipped the reporter.
Getting support
In the charter, published on its website, the group responsible wanted to "ensure independent action and by refusing to protect against any attempt at recovery. But its members know that supporting policies and associations is "necessary to make the initiative work," admits Nadir Dendoune."We've already been contacted repeatedly by politicians and unions. We will negotiate with them. While maintaining our independence. "
The socialist deputy of Seine-Saint-Denis, Daniel Goldberg, has already supported the project: he regrets that French second or third generation "are still seen as foreigners."
And the Education Without Borders Network (RESF) could also meet this. Its president, Richard Moyon, also welcomed "the recent expansion of the range of actions on the issue of immigration." A reaction, he said, "xenophobic policy pursued by the government."
Asked about the initiative at Talk Orange-Le Figaro, Eric Besson said, "Do not create scarecrows that do not exist. And the Immigration Minister added: "It's not just invent a stigma."
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