2011年5月18日星期三

Europe: low morale DSK and the case with the Empire State


The affair Dominique Strauss-Kahn and an index "Empire State" disappointing combined to depress the morale of the operators.
London was down less than 0.1% and Frankfurt down 0.2%, while the squares of Euronext Brussels has stagnated, decreased by 0.3% Lisbon, Paris and Amsterdam have dropped about 0.7% . On Wall Street advanced by 0.3% at the end of Europe.
The arrest of Dominique Strauss-Kahn this weekend in New York seemed to worry the markets, while the Director of the IMF was expected in Brussels to discuss the issue of debt with the Greek EU officials.
"The IMF has played a key role in the crisis of European debt last year and plans to contribute financially to support Greece, Ireland and Portugal. It is logical that the markets are worried about a possible delays in negotiations and in implementing the European mechanism of stability, "noted one manager.
"However, this should not question the decisions concerning Greece in the event that the Europeans to agree on a rescheduling of aid to Greece," Nuance-it.
Another cloud on the horizon, the expansion of manufacturing activity slowed sharply in the New York area, according to the index "Empire State" comes out to 11.9 this month, against 21.7 in April and a consensus around 20.
In terms of values, BP has sold 0.9% to 438 pence in London, pending a possible agreement with its Russian partners in the program folder of exploration in the Arctic Russian negotiations last minutes would be held in this matter, according to the WSJ.
In Paris, Alcatel-Lucent fell by 2% to 4.2 euros, while UBS has withdrawn its recommendation of short-term "buy" on the title, while leaving its recommendation to 12 months "neutral" and raised its price target of 3.5 to 4.5 euros.
Hochtief has awarded 1.7% to 58.5 euros, having published quarterly results in the red, but noticeably less than expected. German construction group posted a net loss of 169.5 million euros.

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