Feb 05 2010
Camembert heckled by mozzarella
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Jan 15 2010
Wall Street should open in a tone slightly negative on Friday. However, publication of results in the fourth quarter of giant Intel on Thursday night after-hours trading was better than expected. But the JP Morgan Chase established the doubt. The day before the U.S. markets have closed up slightly, despite the disappointing statistics across the Atlantic. The sectors of health and technology have supported the trend.
Earlier Friday morning, Asian stock markets closed broadly in the green. Tokyo The Nikkei ended the session up 0.68% at 10,982.10 points. The Hang Seng in Hong Kong, however, ended down 0.3% to 21,654.16 points as investors still worried about a possible tightening of Chinese monetary policy.
The Dow Jones, S & P 500 and Nasdaq retrograde by 0.2%, 0.3% and 0.16%.Shortly before they were further back but the index of industrial activity in the New York area has accelerated sharply in January, according to the Empire State index released Monday, to 15.9 points, much higher than the waiting analysts.
The President's speech yesterday, Obama did not surprise the markets. As announced by the spokesperson of the White House, a proposed tax of fifty largest banks will be presented to Congress in the coming weeks. According to the Financial Times, the U.S. Treasury would press other countries to also adopt a tax on banks.
New wave of statistical significance
Even today, the news on the economic front should shake the markets.The consumer prices in the United States rose by 0.1% in December, bringing inflation over the whole of 2009 to 2.7%, according to figures released Friday by the Labor Department. In the short term, the inflation risk sembre low.
Industrial production in the United States rose in December by 0.6%, as expected by analysts, according to official figures published Friday, but this increase was primarily allowed by having an unusually cold boosted the energy sector.
Intel and JP Morgan Chase surprised
Intel (-1.27% to 21.21 U.S. dollars) Thursday confirmed the resumption of its activities, with net income nearly tenfold in the fourth quarter of 2009, which allowed him to limit to 17% decline in annual net profit, to 4.369 billion dollars. This exceeds the expectations formulated earlier by analysts.Conversely, Microsoft (0.71% to 31.18 dollars), IBM (+0.28% to 132.68 dollars) and Cisco (+0.16% to 24.99 dollars).
Boosted by a return to growth in the fourth quarter, PC sales grew by 5.2% in 2009, according to a study by analyst firm Gartner published yesterday. Acer dethroned Dell (-2.38% to 14.35 U.S. dollars) in second place worldwide.
This Friday, JP Morgan Chase (-1.70% to 43.93 dollars) has announced having doubled its net profit in 2009 to 11.7 billion dollars. Per share, net income reached 74 cents per share in the fourth quarter, against 62 held by analysts. In the fourth quarter alone, the bank has increased by more than four net profit to 3.3 billion dollars. The bank's CEO, Jamie Dimon, welcomed the news that the bank in late 2009 enjoyed a "very strong capital ratios Tier 1 of 11.1%.But the cost of risk (failure to pay on credit) remains "high". The bank especially in its accounts last quarter to 7.3 billion dollars in reserves to cover these risks.Morgan Stanley lost 2.60% to 30.39 dollars, Goldman Sachs 1.25% to 166.42 dollars, and Bank of America 1.96% to 16.49 dollars.
Citigroup (-1.71% to 3.46 dollars) would be decided by the Financial Times, to cap the bonus at $ 100,000.
Market research firm NPD has revealed sales of video game consoles in the United States for year-end 2009 total, the three major manufacturers have passed 40 million consoles in 2009, including 20 million for the Wii Nintendo, 10 million for the Xbox 360 and 10 million for the PlayStation 3 (PS3) by Sony, thanks to an aggressive policy of lower prices.
In addition, Verizon Communications (-1.19% to 30.85 dollars) will host a conference on its wireless subsidiary, which is partly owned by Vodafone (-1.78% to 22.10 dollars).
Oil retreats, dollar strengthens
Side materials, oil slipped below the 79 dollars a barrel and connects its fifth session lower after the report of the International Atomic Energy: global consumption of oil should rebound by 1.7% in 2010 fully supported by demand from emerging countries and Asia, after falling 1.5% in 2009.
The dollar is strengthening against the euro, which is penalized by the situation in Greece after the publication of inflation. One euro is worth 1.4395 dollars.
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Jan 12 2010
"The Awards of the Asia-Pacific mixed
"Wall Street falls into the red
After closure of Wall Street without trend Monday, European stock markets are heading into the red Tuesday. In Paris the CAC 40 yielded 1.06% at 4000.05 points, in London, the FTSE-100 lost 0.71% to 5498.71 points and in Frankfurt the Dax concedes 1.61% to 5943 points.
The Central Bank of China has announced two measures to try to curb the overheating of the economy: raising the reserve requirement ratio for banks and rising interest rates on treasury bills to one year.
On Tuesday, the Bank of France issued at 8:30 its monthly business survey for the month of December: the gross domestic product (GDP) of France is expected to grow 0.5% in the fourth quarter of 2009.For the full year 2009, the government expects a drop in GDP of 2.25%.
Fifteen minutes later, the Budget Ministry said the budget deficit of the French state has widened to a record 143.3 billion euros on 30 November, against 66.6 billion a year earlier, and is expected throughout 2009 slightly below 140 billion.
Yesterday after the close of U.S. markets, the g aught aluminum Alcoa has announced a return to the red in the fourth quarter with a net loss of $ 277 million, widening its losses to $ 1.151 billion in 2009.In the series of American publications yesterday, Electronic Arts announced that it raised its forecast for losses in 2009-2010.
In an interview with Le Figaro, Christine Lagarde, economy minister, justified the measure "exceptional" tax on the bonus, resulting in a bill for the banks of around 360 million euros.
Across the Atlantic trade for November will be highlighted at 14h30.
As for currencies, the euro begun to rise again against the dollar Tuesday after the rebound of the single European currency yesterday. The euro gained 0.09% to 1.4526 dollar. The oil in turn is sharply down. The barrel of Brent North Sea crude for February delivery lost 1.70% to 70.67 dollars per barrel "Texas Light Crude (WTI) traded on the New York Mercantile Exchange for the same maturity, nibbles 1 53% at 81.61 dollars.
The detailed values to follow.
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