Archive for May, 2010
For the first time, the United States, Americans will have a smart card (smart card to the French) and "accepted in the world. It Gemalto.
A contract which seems small in relation to the size of the division payment at Gemalto.But "this announcement is very important symbolically," noted analysts at Natixis, surprised that the stock price does not react.
For the group at 1.65 billion euros in turnover in 2009 made his first steps on American soil that could well decide to finally initiate the transition from magnetic stripe cards – which are the subject of a high fraud rates – to adopt smart cards EMV (Europay, MasterCard, Visa) to pay around the world and secure quick payday loan.
For the strategists of Natixis, the bank card market with a microprocessor in the United States has "a potential 1.5 billion cards.
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At the opening, the Dow Jones was down 0.25% at 10,845 points, the S & P 500 fold from 0.03% to 1166 points and the Nasdaq 0.34% loose, to 1966 points.
On Wednesday, the three major indexes in New York posted strong gains Wednesday.
Eight banks covered by a survey
The Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.Goldman Sachs (-0.57% to 146.36 dollars), Morgan Stanley (1.29% to 28.16 dollars), UBS, Citigroup (-1.68% to 4.11 dollars), JP Morgan & Chase (-0.62% to 41.43 dollars), Credit Suisse, Deutsche Bank, Bank of America-Merrill Lynch (+0.24% to 17.11 dollars) and Credit Agricole in the crosshairs.
The dollar continued its rise against the euro
The euro fell Thursday to a level that was hers before the announcement of the stabilization plan of the European Union and the International Monetary Fund (IMF).The single currency traded at 1.2586 dollars, down 0.3% on the day, approaching its lowest level in 14 months.
Decline in number of unemployed weaker than expected
The resurgence of the greenback is supported by the fourth consecutive decrease the number of newly unemployed in the United States, according to figures released Thursday by the Labor Department in Washington cash advance america. The ministry said 444,000 new jobless claims were submitted from May 2 to 8, or 0.9% less than the previous week (in seasonally adjusted data).
Oil prices opened sharply lower Thursday in New York, a barrel of benchmark lost 1.47 dollars to 74.18 dollars. Wednesday crude inventories rose 1.9 million barrels to 362.5 million.Economists on average had expected a rise of 1.3 million barrels.
Contracts awarded on the prudence of Cisco
The Japanese electronics giant Sony (-2.47% to 32.42 dollars) confirmed Thursday it had ended the fiscal year 2009-2010 on a net deficit reduced to 40.8 billion yen (312 million euros ), reflecting a return to the green on the plan of operation, through reductions in fixed costs. Sony also said Thursday that he hoped to finish the fiscal year began last April, and will be closed in March 2011, a net profit of 50 billion yen (about 400 million euros).
Cisco (-3.42% to 25.83 dollars) has announced its profit jumped 63%, but its CEO said that caution was in order.
"It was excessive, it drop back, it will calm down," said Tuesday the Minister of Economy Christine Lagarde. Interviewed on France Culture, she has qualified the market reaction to the announcement of the European aid plan of 750 billion euros in the night from Sunday to Monday.
"The markets have been an excessive response, as sometimes yesterday (Monday, editor's note) with climbs as evidence had not seen for twenty years, and as it had never been seen in some countries," she analyzed. The CAC 40 gained more than 9% Monday and Wall Street recorded its biggest increase since the beginning of the year.
In fact, stock markets began the day falling on Tuesday. The CAC 40 index opened down 1.78% at 3655.2 points.Investors take profits after Monday's rebound.
About the decision of the European Central Bank to redeem debt securities of states, Christine Lagarde stressed the importance of the current crisis. "This is not orthodox in the functioning of the European Central Bank. But in exceptional circumstances, exceptional driving, "she said. "I'm not sure the ECB does so regularly."
Some commentators were surprised by the decision of the European Central Bank, putting into question its independence. The ECB had so far always refused to take such measures of buying assets.
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Registrations of new cars in France have slowed significantly in April, the end result of whiplash print market since late last year by the scrappage
New registrations rose 1.9% in April on a year in France, reaching 190,986 units, said Monday the Committee of French car manufacturers (CCFA). In March, they still leapt 17.9%, still boosted by the registrations of cars ordered in late 2009 to take advantage of the premium to 1,000 euros. This was reduced to 700 euros since 1 January, and will fall to 500 euros in the second half.
"We see here the impact of gradually reducing the premium breaks, there is some decline in the small car category, those who have benefited most from the device, and you know you will go into negative at the end of the year, "said a spokesman for the CCFA.
"Despite this, the ski manufacturers we also show that the level of orders for new models and for mid-size cars are holding up well, meaning that the market continues to resist despite the decline in aid."
Citroen sales down 8.3%
The major manufacturers all expect a decline in European car market this year, the second half of 2010 announcing the end more difficult with a comparison of premiums and increasingly unfavorable relative to the boom in late 2009. Renault has amounted to 10% expected decline while its major competitor PSA Peugeot Citro?n expects down 9% quick payday loan.
Last month had 21 days, provided that April 2009.Of the first four months of 2010, registrations in France reflected an increase of 12.9% to 785,706 units.
Sales of passenger cars Peugeotont group rose 7.3%, but those of the Citro?n stand down 8.6% on month, while Peugeot's registrations increased by 24.2%.
As for the Renault group, registrations were up 17.2% – an increase of 9% for the brand new diamond and jumped over 100% for Dacia (Logan, Sandero and Duster).
Improvements on commercial vehicles
French brands have still got their game well, with an increase of 8% against a decline of 4.9% for foreign brands. Among foreign automakers, Nissan (49.2%), General Motors Europe (+43.5%) and the BMW Group (+24.1%) recorded the most notable increases.The Volkswagen group (-20%), Fiat (-13.3%) and Ford (-12.8%) are in decline.
The improvement in the commercial market, particularly affected by the slowdown in economic exchanges, is also confirmed. The registrations of light commercial vehicles rose 32.2% last month, marking an acceleration from the 16.5% increase observed in March (+11.4% when adjusted for working days). In commercial vehicles over 5.1 tonnes, in turn, is down 9.4%, against 28.4% in March.