News – Business & Economi

The main European stock markets opened on a rebound Friday in the wake of Wall Street and Asian markets, investors anticipating an abundant liquidity injection of long-term European Central Bank (ECB) the next week.

Around 9:15, the Paris Bourse gaining 0.53% to 3,465 points, Frankfurt and London takes 0.86% 0.18% advance. The pan-European Euro Stoxx 50 index rose 0.62%.

In Paris, Technicolor was down almost 5% after the announcement of an EBITDA down 5.9% in 2011 to 475 million euros. The action is Eiffage it head increases the SBF 120, the construction group has forecast a rise in net profit in 2012 after declining in 2011.

Banks are among the highest increases in Europe sector (0.86%). Deutsche Bank and Barclays gained 2.8% 1.4%. The Paris BNP Paribas and Societe Generale gaining 1.4% and 1.9%.

Lloyds Banking Group ahead by 1.3% after yet warned that its net banking income would decline in 2012, suffering, like his counterpart Royal Bank of Scotland, a heavy loss in 2011.

BASF takes 2.8% after announcing Friday that its results and its turnover increase this year thanks to a rebound in the second half.

Many analysts believe the weakness of the European economy will force the ECB to continue easing its monetary policy. The market is expected to lend some 500 billion euros to banks at its second financing package to three years scheduled for next week.

The Tokyo Stock Exchange closed up 0.44% Thursday, a weaker yen supporting market sentiment and risk appetite without the Nikkei manages to surpass the 9,600 points .

The Nikkei gained 41.57 points to 9,595.57 and the Topix broader took 3.95 points (0.48%) to 829.35.

If U.S. growth may be the envy of Europe, it resulted in an increase in imports and therefore the trade deficit reached $ 558 billion in 2011. Its highest level since 2008.

A moderate recovery is confirmed in the U.S. … and the trade deficit is widening. In December, imports reached their highest level since July 2008, said Friday the Commerce Department. Is a hole of 48.8 billion dollars against 47.1 billion (revised figure) in the previous month. This is more than the expectations of the analysts.

Over the full year 2011, the U.S. has a trade deficit of $ 558 billion, the highest since 2008. This represents 3.7% of gross domestic product. The trade deficit with China represents more than half of that total. At 295.5 billion dollars, it has largely beaten the record set in 2011.  

The overall trade deficit in December was partly explained by a phenomenon that seems to have widened in 2012: while the U.S. economy has maintained a respectable growth rate and thus increased its imports, the economies of the eurozone declined . This has particularly led to the largest monthly deficit ever recorded with Germany ($ 4.8 billion in December).

U.S. imports have generally increased by 1.3% this month, with among other record imports of capital goods. The trade deficit in petroleum products (24.4 billion) still weighed heavily. The average price per barrel of imported crude oil has exceeded $ 104, increasing by 5% within two months.

The new car registrations in France in January will charge lower double-digit annual rate, officials said Tuesday the source of the sector, a result of lackluster growth and the unfavorable comparison with the dice 2011 goal. </ p> Final figures for car registrations for the month ending will be published Wednesday by the Committee of French Automobile Manufacturers (CCFA). Several manufacturers have already said to expect a contraction in sales since January 2011 had been supported by the effect of 'scrapping'. </ P> "The trend will be negative overall, with double-digit declines, "the source said, adding that it refers only to cars and not to registrations of light commercial vehicles in the Hexagon. </ p> Asked if the double-digit decline would apply to the entire market, the source replied "yes." </ p> <p > In December, the French car market fell by 17.8% year on year. Vans had fared better, rising 1.6%. </ P> The business daily La Tribune Online, quoting unofficial sources, wrote Monday that the brand Renault in January would record a decline of 45% of its registrations, Peugeot and Citroen (PSA) declines of respectively 37% and 31%, and Dacia, the brand Renault's low cost, a decrease of 18%. " / p> The two French manufacturers have refused to comment. </ p> "These figures do not cover the last days of the month and are compared to calculations extrapolated back 're marketing services, "he told Reuters François Roudier, spokesman for the CCFA. "It is far less reliable than the actual count of sales to be published tomorrow." </ P> According to La Tribune, German Volkswagen would still pulled out of the game in January with up 23% of car registrations in France. </ p> In exchange, after signing a time the largest declines in the CAC 40 in the morning, Renault took the action 0.76% to 32.95 euros and the title PSA yielded no more than 0.32% to 14.055 euros. The sector index values ​​gained 1.2% European cars. </ P>

After Moody's and Standard and Poor's, the third major rating agency, Fitch said Wednesday that a possible worsening of the crisis in the euro area could threaten the note "triple A" of France.

The return of the French debt to 10 years who had scarcely changed after the publication of this note was then increased to about 3.68% to 16.45, the yield differential with Germany (the "spread") oscillating around 165 basis points. It was over 200 points last week for the first time since the creation of the euro.

"According to Fitch's central scenario, the numbers of French public finances remain consistent with the conservation of its AAA rating," writes the rating agency.

The gross debt of the country in this case could reach the upper limit of the range that Fitch considers consistent with a AAA rating – if this level is temporary and decline thereafter – 90 to 100% of GDP.

"If all of the 158.5 billion euros in France's commitments to the EFSF was disbursed, the gross public debt would reach 98.2% of GDP in 2014, the top of the range compatible with its status as a AAA "Fitch wrote.

"However, based on net debt and if the loans were accounted EFSF (with a discount of 50%) as liquid assets, the debt would peak at just over 80% of GDP in 2014.

A week after announcing falsely lowered the AAA rating of France, the Standard & Poor's has again committed a blunder Thursday when the publication of the new rating improved from Brazil.

In the title of his release, the U.S. initially said he found the note of Brazil to BBB-by the prompt correction. And for good reason, the note of Brazil was already at BBB-and the agency has in fact raised by one notch to BBB.

Tokyo has purchased 10% of 3 billion euros of bonds that the European Financial Stability Fund (EFSF) lifted Monday. This is two times less than in the previous issue. The yen is now at its highest level in 15 years against the dollar

Japan purchased 10% of 3 billion euros of bonds to ten years raised Monday by the Relief Fund of the euro area (EFSF), a smaller proportion than the 20% invested in the previous issues, officials said Tuesday at the Ministry of Finance. "We took into account the state of our liquidity in euros, the conditions of issue and the market environment" for deciding the level of Japanese investment, set at 300 million euros this time, said a ministry official.This surge in the yen higher costs of products made in Japan and reduced the value of income from abroad by Japanese exporters group, which ultimately weigh on the recovery of the country recovering from earthquake, tsunami and accident nuclear March 11. The third largest economy is in recession since late 2010 and in particular on exports out of the rut, but the rising yen, combined with slowing global growth could stall restart.

The proceeds of the issue of Monday, the fourth conducted by the EFSF, must be used to finance a portion of the aid to Ireland, which has, like Greece and Portugal, an international aid program. The request was only slightly greater than the amount of three billion euros and the rate stood at 104 basis points above the risk free rate of the same maturity, or 3.59%.

In this period of discipline, members of rival imagination to find new fiscal revenues. In pictures, new taxes and cuts tax loopholes included in the proposed Finance Act 2012.

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The lack of progress on the issue continued to Greek drive down European shares Tuesday. Paris has opened a decline of 1.44%. The trading floor in Frankfurt

The lack of progress on the issue continued to Greek drive down European shares Tuesday, all seats have opened lower. After closing sharply down Monday already, Paris began a decline of 1.44%, 1.72% Frankfurt, London and Milan by 1.40% to 1.43%.

Monday the New York Stock Exchange finished at its lowest for over a year: the Dow Jones lost 2.36% and the Nasdaq 3.29%. The Tokyo Stock Exchange ended Tuesday for his part still down (-1.05%), investors also feared a worsening crisis of the Greek debt and worried about the fall of the euro vis-à-vis the yen.

Meeting in Luxembourg, the finance ministers of the euro zone on Monday night decided to postpone decisions regarding new loans crucial to Greece, to which they have requested additional budgetary efforts. "European officials have once again been unable, despite the urgency to take concrete measures, merely simple ideas," said one Paris-based analyst who requested anonymity. "The increasing uncertainty about Greece feeding the search for security" in the financial markets, analysts have estimated the UniCredit in Frankfurt.

More contributions to banks to help Greece

The Paris market was also affected by a precipitous decline in Dexia, which reached up to 37% in early trade, after an extraordinary board left open the possibility of dismantling the Franco-banking group Belgian overtaken by the crisis.

The only concrete step: the second aid plan for Greece, 109 billion euros promised July 21, saw down an obstacle to its implementation. The members of the euro area reached after weeks of procrastination to a compromise on the guarantees requested by Finland in Athens. The new plan could also be modified to be greater involvement of banks, which suffer a discount greater than 21% so far on their claims considered Greek. But those ads were still insufficient to investors.The rest of the Asian stock markets were moving sharply lower Tuesday morning, the euro continued its decline, falling to its lowest level in a decade against the yen.

The market will follow the meeting on Tuesday, from 09am, finance ministers of the entire European Union. No major announcement is expected at the meeting mainly aimed at preparing the summit meeting between finance ministers of the G20 countries scheduled October 13 to 16.

Drawn down by banking stocks, European markets are still concerned about the debt crisis in Europe. Paris loses 2% in mid-day. A passerby looks at stock prices in Tokyo in March 2011.

European shares sank into the red at midday Friday, led by a sharp decline in banking stocks, the debt crisis still being equally felt, just before meeting French President and Prime Minister of Greece. In Paris, a negative analyst of the Swiss bank UBS, which has drastically lowered its price targets for Societe Generale, BNP Paribas and Credit Agricole, who tipped the trend.

After opening up, to 10:20 GMT, Societe Generale and yielded 7.64%, BNP Paribas and Credit Agricole 5.04% 5.20%.In Frankfurt, Deutsche Bank, which is the subject of persistent speculation about a profit warning, lost 7.61% and 4.04% Commerzbank. The statements of the finance minister, Wolfgang Schäuble, to the Bundesrat, is not expected to allay fears. "Our concern is that the situation on financial markets, which is worrying, could lead to a crisis in the financial and banking sector, with a great danger of contagion," he said.

Apart from these bad news for banks, the market was marked by profit taking, investors making final adjustments to their portfolios on the last day of the quarter, told AFP Yves Marc, managing actions in Global Equities. The bad inflation figures in the euro area, retail in Germany, private consumption in Japan and manufacturing activity in China as markets were firing down.After opening slightly down, went down during the growing morning. Towards 11:00 GMT Paris lost 2.06%, 1.69% in London, Frankfurt 2.84%, Milan 1.78% and 1.61% Madrid.

Overall, "the trend is still fragile," said Marc determined. The debt crisis is indeed a major source of concern, while French President Nicolas Sarkozy will meet with Greek Prime Minister George Papandreou at 1500 GMT, to "take stock of the situation with him now facing Greece ". After the meeting, "(…) I have the opportunity to say exactly what is our strategy regarding the support that we need a European country like Greece," said Mr Sarkozy.The statement from the Elysee said that in the eyes of Chancellor Angela Merkel and French President, "It resolved the implementation of decisions taken at the summit of July 21 that will overcome the current difficulties the euro area ".

The three main creditors (European Union, European Central Bank and International Monetary Fund) came back from Greece on Thursday in the country, always in the balance, the payment of $ 8 billion a first loan in Athens in May, needed to avoid a default. After the vote of German and Estonian parliaments Thursday, it was the turn of one of Austria to comment Friday on the EFSF.