The U.S. stock markets, should re-open in sharp decline on Monday. Future of Standard & Poor's 500 and Nasdaq 100, respectively, in fact, retreating from 1.58% to 1134.10 points from 1.32% to 2135.75 points. Friday, Wall Street closed lower for the second straight session, giving back to concerns about the debt of several countries deemed weak in the euro area and undermined by doubts about the strength of growth in the U.S. .
U.S. markets were particularly accentuated their losses Friday after the announcement of the resignation of Jürgen Stark of the European Central Bank (ECB).Initially considered a symptom of divisions in Europe on how to overcome the crisis, the markets will interpret signs from Germany suggesting that Berlin no longer a failure to exclude Greece.
This morning the Asian markets all ended down sharply and European stock markets are displayed in red.
Investors in Europe, in Asia and the United States fear that Greece is not able to meet these budget commitments, which threaten to bankrupt the country and aggravate the crisis in Europe. The German Minister of Economy Philipp Rösler has also not ruled out a bankruptcy ordered Greece to save the euro.
These uncertainties weigh heavily on European banking stocks, weighed down by their exposure to sovereign debt but also by fears about their solvency and funding.Specialists in Harbor Advisory today "Wall Street will evolve with European banks, whose main problem is exposure to sovereign debt."
United States, Barack Obama will submit to Congress today plan to revive the economy and jobs announced Thursday, said on Sunday a senior White House. The President will renew his call "to Congress to adopt this bill, which contains the kind of proposals to grow the economy and create jobs."
Week is low in business results – the retailer Best Buy and diverse manufacturing Pall is the only component of the S & P 500 to publish figures – investors will focus primarily on a series of macroeconomic indicators.The latter include retail sales, the producer prices and consumption as well as statistics on the manufacturing sector.
Note, however, leading indicators of the Organization for Economic Cooperation and Development (OECD) published this morning, reporting a "slowdown" of the world's major economies.
The euro and oil fall
In the wake of renewed tensions, the euro fell against the dollar, the euro remained sharply lower against the greenback Monday, falling below $ 1.35 even briefly, as a result of a new access market panic response to the crisis in Europe. Mid-session in Paris, the single European currency was worth 1.3603 dollars against 1.3649 dollars on Friday night. Earlier, the euro fell to 1.3495 dollars, its lowest level since Feb. 16. The euro also fell to its lowest level in a decade against the yen.The euro bought 104.64 yen against 105.91 yen Friday. In the early morning, the euro fell to 103.90 yen, its lowest level since June 2001.
Under pressure from a stronger dollar, a barrel of oil has also dropped on the ground. In electronic trading in the morning, a barrel of "light sweet crude" for October delivery lost 1.23 dollars to 86.01 dollars per barrel of Brent North Sea crude for October delivery at $ 1.02 111 $ 75.
The side of values, the French group Technip Engineering said Monday the acquisition of the entire capital of the U.S. Global Industries, a specialist oil services submarines, based on a valuation of 1.07 billion dollars (770 million).Technip will pay $ 8 cash per share, Global Industries, a premium of 55% over the closing price of its prey Friday night on Wall Street.
For its part, the online retailer Amazon is in talks with publishers to launch a book rental service digital subscription, said Sunday the Wall Street Journal in its online edition.
After the unexpected departure of the patron saint of Internet giant Yahoo!, Carol Bartz, rumors of a union between Yahoo! and AOL have resurfaced. The CEO of the Internet service provider America, Tim Armstrong, have consulted with investment companies to test investor appetite for a reconciliation between the two groups advance Bloomberg.Tim Armstrong become the leader of the group.
For his part, extended the Hertz Global date of its offer for Dollar Thrifty Automotive Group (DTG) until November 1.
Wynn Resorts, Wynn Macau via its subsidiary announced the acquisition of land over 20 hectares to the government of Macau for approximately $ 193 million. The plot, located on the Cotai area, should allow the development of a resort and recreation.
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