The UK manufacturing growth slowed more than expected in April, demand from the euro area has declined significantly, shows a survey released Tuesday, hinting that the recession risk to be longer than expected.
The Markit / CIPS purchasing managers (PMI) thus fell to 50.5 last month against 51.9 (revised) in March. This figure, the lowest since December, is below the expectations of economists who had expected 51.5.
It remains above the 50 mark that separates growth and contraction, in contrast to similar data in the euro area.
Official statistics released last week showed that the British economy had plunged into recession in first quarter, which could further increase the difficulties of coalition government David Cameron.
Francois Hollande wants to suspend the enforcement Nome establishing the conditions for resale by EDF of part of its electricity to its competitors, because it increases speculation in the market for electricity, announced Thursday for Energy with the Socialist candidate for president.
Francois Brottes believes that the Competition Authority "issued an indictment against the policy of opening the French electricity market" in favor of the review of a decree implementing this law.
The system "will strengthen the speculative nature of the electricity market in France and will further increase prices, since it will impact the electric bill of consumers to the tune of '200 to 500 million Euros per year, according to the Authority, "he says in a statement.
"A few days before an election critical to the future of France, it is urgent to suspend enforcement of the law Nome. Let the French can choose between two conceptions of e Energy: speculative, or public good, "he adds.
New organization of the French electricity market (Nome) allows alternative suppliers to buy electricity from EDF Nuclear, within an overall limit of 25% of the production capacity. Since 1 January, the resale price is set at 42 euros a megawatt hour.
The amount borrowed by the Portuguese banks to the European Central Bank increased by 18% in March compared to February to reach a record $ 56.3 billion, said Monday Lusitanian central bank.
This amount far exceeds the previous record of 49.1 billion borrowed in a month reached in August 2010, before Lisbon accepts a plan to help the IMF and the European Uni ; enemies.
According to Teresa Gil Pinheiro, chief economist at Banco BPI, the increase recorded in March was partly explained by the strong participation of Portuguese banks for refinancing proposed by the European Central Bank.
In December and February, she put on the market a total of over 1,000 billion euros.
This strong growth also reflects the reluctance of banks in the euro area, who are reluctant to lend to each other.
Wall Street has stalled Wednesday, impeded in its progress begun several months ago by declining sectors associated with macroeconomic risks, such as finance and energy.
The Dow Jones Industrial 30 yielded 0.35%, or 45.57 points, to 13,124.62. The S & P-500, wider, lost 2.63 points, or 0.19%, to 1402.89. The Nasdaq Composite Index advanced 1.17, however, points (+0.04%) to 3,075.32.
The S & P 500 benchmark index fund managers, however, retains a gain of approximately 12% since the beginning of the year.
"We reached a plateau, but basically, the deal has not changed (…) There could be a setback but I see the stock market to grow to 1,430 or 1,450 items, "said Joe Benanti, CEO of Rosenblatt Securities, referring to the level of the S & P 500.
The former real estate sales declined in February against all expectations in the U.S. and inventories of unsold homes increased, according to data released Wednesday by the National Federation of Officers Real Estate (NAR).
This statistic interrupts a recent run of good macroeconomic indicators and a reminder that the housing market, considered key to a sustainable recovery in the U.S., is still not completely out of case.
Despite rising oil prices, the S & P energy grouping values fell 1.04%. That financial stocks lost 0.43% after rising on nine of the last 10 sessions.
"Some parts make me say that we are perhaps at the beginning of a correction of up to 4%: the relative poor performance of industrial and energy , the reversal of financial, "said Seth Setrakian, co-leader of the U.S. equities department at First New York Securities.
"Investors are waiting in general the beginning of a new quarter to regain some of their beads. This can happen earlier if everyone expects the same thing. "
In a note to clients, Goldman Sachs said, however, that the prospects for equity market returns, compared to bonds, are the best in a generation
. "Given the current valuations, we think it should say" goodbye for a long time "for obligations and start" buying long "on shares," said the middle .. The title
……. Oracle fell 2.29% to 29.41 dollars after posting its quarterly results yesterday, marked s in a drop in revenue from hardware sales.
The action Hewlett-Packard for its part, yielded 2.17% to 23.46 dollars after the software giant announced the merger of its divisions PCs and printers as part of a major reorganization designed to generate savings and boost growth.
The Nasdaq Composite Index, heavily weighted in technology, however, was brought up by 2.46% to 13.72 of the action after the developer Zynga online game announced ; redeem OMGPOP, the manufacturer of the game popular "Draw Something".
In the match that opposed them remotely Friday field of employment, Nicolas Sarkozy announced at the Petit Couronne do restart the refinery Petroplus temporary while in Florange, Francois Hollande has proposed to oblige companies to find a buyer. Relive the game minute by minute.
This afternoon, a new match was held at a distance between Nicolas Sarkozy, visiting the Petroplus refinery in Petit Couronne, and François Hollande, who moves in Florange to meet with employees of Arcelor Mittal. Two strategic locations in the field of employment. The outgoing president has announced a 6 month contract with Shell and restart the refinery. The Socialist candidate, himself, proposed a law requiring companies to find a buyer when leaving a site. Back to the duel of "saviors of plants".
2:05 p.m.: Arcelor Mittal is dismissed by the High Court of his application for entry ban to anyone outside the service in its application was primarily site.Cette the many journalists covering the occupation of the site by employees.
14:00: Nicolas Sarkozy said that would be discussed next week in Parliament a bill to prevent the diversion of assets of a failing firm, regarding the Petroplus oil declared bankrupt since late January.
14:00: "Now we need you to fight for the more difficult is that the buyer", said also the head of state. There are 3 or 4 buyers interested [...] So far we have not yet found "
. 1:52 p.m.: With regard to the financing, the president ensures that for two months of work needed to restart the refinery, "was 50 million. The 20 million were transferred to the state, 10 million will come through quotas CO ², and the other 20 million cash avanace Schell in "
1:50 p.m. "Last night later, we signed a processing contract, which guarantees refining activities for a period of 6 months. If there was no contract, it was over. The oil company will provide the gross pay and the cost of processing.
1:40 p.m.: Francois Hollande reacted to the news of Nicolas Sarkozy: "It is in fact only get the former owner of the site. This is going to the most urgent."
1:20 p.m.: "I am a word. It is signed" with Shell, said Nicolas Sarkozy, adding: "I'm not saying it saves the refinery, but it is signed, it makes the job for six months ".
Holland made two proposals
1:18 p.m.: Holland wishes to clarify that he came as an MP, and is prepared to file a bill: "When a large firm does more than one production unit but does not give the, we will do a bill that will force him to appeal to buyers. " Another proposal: the businesses that use too much to pay the interim benefit of unemployment contributions. He is applauded by employees.
1:10 p.m.: The Socialist candidate speaks. He says he wants to defend the steel industry, "sector of excellence". "I come before you to make commitments. I am aware of the anguish that is yours." He adds, to the attention of its competitors: "There are candidates and candidates of the people who claim to serve the people"
13.00: Francois Hollande arrived at the plant Arcelor Mittal, where he has not spoken yet. It stands in the middle of union representatives, who express their demands, after climbing a truck.
12:45: The president finally arrives on the site. Francois Hollande, is always expected Florange.
11:50: The PS deputy for Seine-Maritime, Laurent Fabius, was invited by surprise on the Petroplus refinery site to welcome Nicolas Sarkozy.
11:45: Nicolas Sarkozy will meet in closed session with the staff representatives and administrators of the Petroplus refinery.
Faced with a record unemployment rate since 1999 that is almost symbolic of the 3 million people, the head of state has recently invested personally in two emblematic cases of companies threatened: the Lejaby lingerie factory Yssingeaux (Haute-Loire) and the solar panel manufacturer Photowatt to Bourgoin (Isère). Candidate since Feb. 15 to a second term, Nicolas Sarkozy made a record of his two electoral argument to illustrate his determination to protect "the France of the factories". "If I had said as they (the Socialists) + we + can not do anything, Alstom would no longer exist, Photowatt we do speak of it and Lejaby would have been wiped off the map", he said Thursday at a public meeting in Lille.
The U.S. trade deficit widened slightly more than expected in December, the acceleration of growth with increased imports to their highest level in three and a half years.
The figures released Friday by the Commerce Department also show that the trade deficit with China set a new record over the entire 2011 to 295,500,000,000 dollars (224 billion euros) , a figure that could stimulate discussion often strained between Washington and Beijing within days of a high-level meeting between the two countries.
The monthly trade deficit stood at $ 48.8 billion in December, as imports reached their highest level since July 2008, just before the financial crisis do fall world trade.
Analysts polled by Reuters had expected an average monthly figure of 48.0 billion. The November deficit was revised to $ 47.1 billion against 47.75 billion originally announced.
U.S. exports rose slightly in December (0.7%), but nearly two times less than imports (+1.3%).
For Omer Esiner, strategist at Commonwealth Foreign Exchange in Washington, the slow growth of exports in December could be due to "a fairly soft global demand," a bleak trend.
"Continuous improvement of economic growth here (United States) will result in an increase in imports. But a slowdown in the exports would be a concern: they played a big role in the improvement seen last year, "he says …….
.. The dollar was up against the euro Friday as investors attaching greater importance to the evolution of the debt crisis in the area euro as U.S. data
. CHINA, SENSITIVE PARTNER
Over the whole of 2011, the trade deficit the U.S. has increased from 11.6% to 558.0 billion, a level not seen since 2008 …….
.. Exports rose 14.5%, exceeding for the first time the threshold of 2.100 billion, a growth that leaves the U.S. economy ; Rican on track to achieve the goal set by President Barack Obama, namely a doubling of exports in five years.
Meanwhile, U.S. imports recorded an increase of 13.8%, to nearly 2700 billion. Foreign car purchases included at their highest level since 2007 and oil imports its highest since 2008.
The average price of imported oil has registered a record high in 2011 to 99.78 dollars a barrel.
Unprecedented deficit with China is expected to fuel the concern expressed by Congress against the policy of the People's Republic, regularly accused maintaining the undervaluation of the currency to help its exporters.
Especially since Barack Obama is scheduled to meet next week the Chinese Vice President Xi Jinping, considered a future issue of the regime.
U.S. exports to China jumped 13.1% last year to $ 103.9 billion while imports reached 399.3 billion (+9.4%).
China has published its side Friday figures showing a reduction in its current account deficit in 2011, which provide an additional argument to support it seeks to reduce its dependence on external demand.
However, a sharp decline in imports in January coupled with a decline slowed exports resulted in the largest trade surplus for six months.
Trade deficits of the United States with the European Union and Canada have also increased in 2011 to 99.2 billion and 35.6 billion respectively.
The rapid increase of the debt crisis in the euro area threatens the credit ratings of all European states, warned Sunday the U.S. rating agency Moody's. Moody's in New York.
In a "special comment" on European countries published Sunday, Moody's says it still considers that the euro area will maintain its unity without any fault as that of Greece, but notes that even this' scenario 'positive' carries consequences very negative for the notes "of European countries. The U.S. rating agency, recently warned that France could lose its "triple A" allowing it to borrow at favorable rates in the markets, and clearly indicates that no country, even among those considered most solids, such as the Netherlands, Austria, Finland or Germany, is immune to a lowering of note.
Given the events of recent weeks, Moody's said have to consider "the likelihood of a scenario even more negative." She said "the probability of multiple failures (…) States in the euro area is no longer negligible" and continues to grow in the absence of solution to the crisis. If this probability were to materialize, it would increase the likelihood that one or more countries leave the euro area, the agency said, for whom this scenario of a "fragmentation of the euro" would have "negative repercussions for all countries the euro area and EU. " For Moody's, the situation is constantly evolving, and new "shocks" (new rescue or rising interest rates which states borrow) while policy makers define new measures are "likely to lead to changes of note in case by case "for some countries.
Suzuki Motor reported Monday a 6.2% increase in quarterly operating profit despite the impact on its sales of social movements in India, the first Japanese car market, which has maintained its forecast for the entire the 2011-2012 fiscal year.
The group's operating income for the period July-September second quarter of this year stood at 39.2 billion yen (365 million euros), while analysts had on average expected 25.6 billion yen.
Net income for Suzuki, owned 19.9% by Volkswagen as part of a partnership that turned sour, fell 13% to 13.3 billion yen while revenue declined by 6 , 6% to 618.8 billion.
The European Union has every confidence in Greece with regard to compliance with its commitments made at the EU summit last week, when a new aid package of € 130 billion was reached, said Tuesday the two main leaders of the euro area.
"We note the intention of the Greek authorities to hold a referendum," write the European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso in a joint statement.
"We believe that this agreement is the best for Greece.We have every confidence in Greece to honor the commitments made to the euro area and the international community. "
José Manuel Barroso and Herman Van Rompuy added that they spoke with Greek Prime Minister George Papandreou and said that the referendum question would be discussed on the sidelines of the G20 summit in Cannes, which runs from November 3 to 5.
Societe Generale said Thursday in an email to the press that the goal of equity of 9% at end-June 2012 without resorting to the market, after testing by the European Banking Authority (EBA ).
Earlier in the morning, the French bank whose needs additional capital was estimated at 3.3 billion euros, said it will recapitalize on its own without explicitly rule out an increase of capital.
For avoidance of doubt, SocGen said that it does not seek public money or raise capital in financial markets.
Under the agreement reached on the night of Wednesday to Thursday at the conclusion of a new double top, the European authorities have agreed to recapitalize their banks to the tune of 106 billion euros, 8.8 billion for French banks.
BNP Paribas, whose capital needs were assessed by the EBA to 2.1 billion euros, also rejected any appeal to the market.
