Wall Street is expected in the red pre-meeting Tuesday. Shortly before the opening of the NYSE, the index futures in the Dow Jones, Nasdaq 100 and S & P 500 declined by 0.21% at 10,517 points, from 0.05% to 1883 points and 0.03% to 1133 points.
The U.S. carriers would indeed choose to pocket a share of the gains made last week by caution before a salvo of indicators in the coming days. Especially since the main stock index hit a "low point" there is exactly one year, March 9, 2009. Since the S & P 500 has started the largest rally in history. In one year, the U.S. index has increased by almost 70%!
The next U.S. statistics are expected tomorrow with the traditional weekly report on unemployment. Weekly Market in the United States, will then be placed under the sign consumer.The two major economic indicators this week, published Friday, will be the sales details for the month of February and the preliminary estimate of consumer confidence faxless payday advance .
On the side of values, the U.S. manufacturer of electronic components, Texas Instruments has revised upward its earnings forecast for the first quarter. In a statement released after the close of the NYSE, the group said it now expects sales of between 3.07 and 3.19 billion dollars instead of 2.95 to 3 19 billion expected previously.
Also in the technology sector, Cisco Systems will announce today a new offer to speed internet connections.Analysts said the group could announce as Google, investments in new broadband network.
After the withdrawal of EADS and its U.S. partner Northrop's tanker contract to the Pentagon, whose first installment is only valued at 35 billion dollars, Boeing alone competing.
The fast food chain McDonald's should also facilitate the session after announcing yesterday a 4.8% increase in sales worldwide in February.
In the aftermath of its worst session in 7 months, Wall Street is recovering. The U.S. stock market opened higher on very shy, taking the Dow Jones 0.05% to 10,024 points and the Nasdaq +0.37% to 2137 points. The markets reacted rather well to the employment figures published Friday. The U.S. economy still has destroyed jobs in January, 22,000 jobs, but significantly less than in December and the unemployment rate in the United States fell by 0.3 point to 9.7% during the first month of 'year, according to official figures published Friday in Washington.
For the Department, the report reflects on the business of the employment situation "almost unchanged", a sign that the U.S. economy would soon return to the net job creation, as was the case in November.
However, the disappointment is still to go, analysts hoping that the economy would have created at least 5,000 jobs over the month.These figures therefore mixed sows doubts on the speed of economic recovery overseas.
The confusion is also due to the strong upward revision in the number of job losses in all of 2009. Last year, the economy has lost a total of 4.823 million posts. This represents a fall in employment of 3.6%, the most since 1945!
The day before, the Dow Jones made his worst performance since early July, and lost more than 2.6% at 10,002 points, after a passage in the final session, under the 10 guaranteed payday loan .000 Points.
In Europe, the main squares are continuing their sharp fall, including leaded by fears concerning Greece, Spain and Portugal.
Moreover, the dollar continued its rise Friday. The European currency rose to 1.3648 dollars on Friday morning, under $ 1.37 per euro.but after the employment figures, the euro rose back above that threshold.
At the same time, commodity prices fell, oil Thursday evening closing down 5% to 73.14 dollar per barrel. This Friday, oil prices continued their fall, while an epidemic of risk aversion continued to hit commodities, the euro and equity markets, and anxiety remained high in a few hours of report U.S. employment.
Airgas to follow
Toyota should be on the radar screens of investors as the group has apologized publicly.The Japanese auto giant Toyota, which suffered a barrage of criticism and lawsuits after recalling millions of cars affected by technical faults, was Friday denied concealing these issues publicly and said that its cars are "safe".
Kraft Foods has confirmed that regulators had approved its bid for Cadbury.
Airgas has increased by over 42% yesterday on the Stock Exchange after Air Products has offered 5.1 billion dollars to buy its rival.
Red or green? Wall Street has chosen Wednesday. After an opening in the red and a brief stint in the green, the financial markets remain more consistently in negative territory. Wall Street resumes its breath after two good sessions of rising early in the week. Since Monday, the U.S. financial markets seemed to want to permanently turn the page of a January that saw the stock market lost 3.5% in a month. But on Wednesday, the question is back. After returning the balance to 16 hours (0.05%), the Dow Jones loses in mid-session 0.12% at 10,289 points. For its part, the Nasdaq lost 0.03% to 2190 points and the S & P 500 down 0.42% at 1099 points.
The profit taking and caution that accompanies dominate before the publication Friday of the long-awaited report by the U.S. administration on the job in January.For the first time in years, the market expects to see new posts.
Until Friday …
On Wednesday, an hour before the opening, a positive signal was sent in this direction of investigation ADP (Automatic Data Processing). The latter has released its report on employment overseas for the month of January: while economists were expecting the destruction of 30,000 jobs, the survey listing the elimination of 22,000 positions (against 84,000 for the month of December ).
After the ADP survey, investors were awaiting the ISM index on the services sector. It appears to 50.5 in January after he settled at 49.8 in December.This is slightly below the consensus was counting on 51 points but it's still the highest index level since May 2008.
Side currencies, the dollar resumed ground against the euro Wednesday after the European Commission approved the new austerity plan Greek. In mid-session, the single European currency lost 0.42% to 1.3915 dollar.
U.S. crude oil, is stabilizing at 77.51 (+0.31%). The U.S. Agency for Energy Information (EIA) announced Wednesday that gasoline inventories last week fell by 1.3 million barrels and stocks of distillates also fell 1 million barrels free credit score online .In contrast, crude oil inventories jumped 2.3 million barrels.
Pfizer leaden atmosphere
Pfizer reported a 34% increase in sales to 16.54 billion dollars, half a billion dollars more than the consensus in the fourth quarter. However, net income disappoints. The latter has tripled to 767 million, or 10 cents per share, or 49 cents excluding items against a consensus of 50 cents. In exchange, the title derives indices down: -2.26% to 18.63 dollars.
Time Warner (-1.61% to 28.05 dollars) achieved results above expectations in the fourth quarter thanks to strong performance from its film division and cable channels. The media group has made a net profit of 627 million, or 53 cents per share, compared with a loss of 16 billion dollars, 13.41 dollars, a year earlier.
Comcast (-1.47% to 16.05 dollars) has released results above expectations in the fourth quarter thanks to the development of its Internet operations. Net income for the cable operator amounted to 955 million, or 33 cents per share, compared with $ 412 million, or 14 cents per share, a year earlier.
News Corp. unveiled Tuesday a net profit of 254 million, or 10 cents per share, compared with a net loss of $ 6.4 billion, or $ 2.45 per share, a year earlier. The news is very welcome Stock Exchange: title rises from 7.65% to 13.66 dollars.
Bank of America (+0.26% to 15.64 dollars) would have endorsed the granting of over $ 4 billion to pay its bankers and traders under the year 2009, according to sources in the Wall Street Journal. They receive on average between 300 and 500 000 dollars bonus.These fees represent 19% of 23 billion dollars of revenue that the U.S. bank has reached its activities in investment banking and trading, the newspaper said.
No rest for the CAC 40. The latter has just enrolled in early trading Monday to its highest level in 2009, three days before his last meeting of the year. The flagship index of the Paris Bourse is indeed 0.7% to 3940 points 20 minutes after opening. For its part, the Frankfurt Stock Exchange broke the 6,000 points.
Optimism seems to be placed on international markets. In Asia, indices were equally oriented, taking advantage of such remarks by the Chinese premier, who has called for further fiscal stimulus in his country.
The British markets will be closed at the Boxing Day. No indicator is expected today, neither Europe nor the United States.
Values follow
EDF is 0.86%, GDF Suez wins 1.58%, Areva lost 1.92%, and Total is 0.78%.This is the South Korean consortium has won the contract for 40 billion dollars in the UAE for the construction and operation of four nuclear reactors. The French consortium comprising the four energy groups, one given time favorite is defeated.
Societe Generale is 0.52%. The group could have a new shareholder in the person of the Russian businessman Vladimir Potanin. The shareholder of Norilsk Nickel said Friday it was considering the possibility of taking a minority stake after 2010.
It's going to Crédit Agricole evil SA! After conceding 4.59% Thursday as the bank lost 4.73% shortly after mid-session at 12.295 euros, or one of its lowest levels since three months, and signs for the second consecutive time the highest CAC 40 down and even the entire industry in Europe.
Like BNP Paribas (0.44%) and Societe Generale (0.57%), the entire banking sector is undergoing suffering. But the fall is more brutal for Crédit Agricole. "The strengthening of prudential bank by the Basel Committee" penalizes "greater mutual banks," said Vincent Ganne, strategist IG Markets. He added: "The capital of these banks (mutual) is composed of common shares and ITC (cooperative investment certificates).As stated Vincent Ganne, the Basel Committee intends to require banks that shares are the dominant form of their own funds. However, Credit Agricole has over ICC BNP Paribas or Societe Generale. According to the strategist, Crédit Agricole is expected to retreat further in the short term. In addition, Bank of America-Merrill Lynch recently lowered his rating from "buy" to "neutral."
Basel, Greece, recommendation: Crédit Agricole depression
Lastly, Crédit Agricole suffers for several weeks on fears its exposure to the debt of Greece, including Standard & Poor's, after Fitch downgraded the long-term notes. The rating agency also notes the gradient of two major Greek banks, Eurobank and Alphabank. However, the mutual insurance group is present in Greece, through its subsidiary Emproki. "A greater share of profits should be set aside to build social capital.Outside, Credit Agricole has lagged behind other banks, mainly because of Emporiki should not return to profitability by the end of 2011 "concluded Vincent Ganne.
Over a month, Credit Agricole fell 17%, when the CAC 40 gained 0.6% and the DJ Stoxx European banks down 7%.