The euro fell Friday to its lowest level for eight months and a half. The single currency goes on its third session decline from under 1.36 dollars, after passing down the threshold of 1.38 dollars the previous day (Thursday evening about 22 hours). It reached 1.3648 dollars around 9 am 30. It's a new level for the single currency since May 9
Since the beginning of the year, the euro lost 2.5%.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits. The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
Another destabilizing factor for the euro, the figures disappointing U.S. employment have sealed the European currency. The unemployment rate has been declining at 9.7% in the United States, against 10% in December. But most companies have dismissed that hiring, the net destruction of reaching the 20,000 jobs over the month. A figure who has largely disappointed observers. The analysts, in fact, had forecast between 5,000 and 15,000 new jobs.
ALSO READ
"Decline in U.S. unemployment
After the acceleration, braking. Toyota Motor has already recalled 2.3 million vehicles suspected of being equipped with a faulty accelerator pedal. The group had calmed the controversy by presenting apologies. But Wednesday, she reflects, about this time of the braking system of the hybrid model, the Pruis.
Toyota says its dealers in Japan and North America have received complaints by the dozen, deploring the failure of the braking system of the new Prius on bumpy road or icy.
Within the group, these discontents are known since December, said a spokeswoman in Tokyo. Toyota provides to address the issue."The company will decide what action to take after realizing what has caused this problem."
The Japanese Ministry of Transport has himself received letters about the problem of braking payday loan . There are fourteen complaints, including one following an accident in July and thirteen others between December and January.
This third-generation Prius is the top seller in Japan and has enjoyed great success in many other global markets. However, customers are beginning to shun U.S. concessions after the case of defective accelerator pedals. In January, the market share of Toyota in the United States and has eroded from 18% in December to 14%.And these disappointed consumers are turning to domestic manufacturers: GM and Ford are the two main beneficiaries of this disaffection for Toyota.
"Toyota wants to get out as quickly as crisis accelerators
The rate of unemployment in the eurozone and the EU at 27, continues to increase. Under the impact of the crisis, he crossed the month of December 2009 to below 10% for the euro area, a level not reached since its inception in 1998. The unemployment rate in this area was in November to 9.9% and 8.2% in December 2008. Within the European Union to 27, unemployment is also growing, reaching 9.6% in December against 9.5% the previous month.
In total, therefore, 4.628 million more unemployed recorded by the European Union to 27, particularly affected by the crisis on the employment front, since December 2008.
Belgium (8.2% unemployment in December), Luxembourg (6.2%) and Germany (7.5% unemployment only partly through the use of massive unemployment) are the least impacted by unemployment, while Latvia (22.8%), Estonia (15.2% in the third quarter 2009) and Lithuania (14.6 in the third quarter of 2009 as well), beat the European record of rising to a year.
With unemployment of 10.0% in December 2009, France is however exactly the average of the eurozone.
This is without state support that Ford has managed to overcome its difficulties. The U.S. manufacturer announced Thursday it had made a net profit of 2.699 billion dollars over the full year 2009. A performance to be compared with the heavy loss of 14.766 billion harvested in 2008. Over the year, turnover was down to 138.1 against 118.3 billion in 2008.
The group included supporting a very successful fourth quarter. Over this period, the second largest U.S. behind General Motors reports net earnings of $ 868 million against a loss of about 5.978 billion dollars a year earlier. The per share earnings is 25 cents, hardly less than the 26 cents analysts who had forecast. Over this period, revenues totaled $ 35.4 billion against 29 billion a year earlier, an increase of 22%.
Before the opening of Wall Street, the title jumped 2.68% to 11.86 dollars.
$ 500 million quarterly savings
To obtain this result, Ford has relied on reducing structural costs of automotive operations payday advance . A total of 500 million dollars were saved in the fourth quarter. The group did not hesitate to pursue a higher price for its vehicles. His arm Ford Motor Credit has contributed to higher profits in this period with a profit before tax of $ 696 million against a loss of 372 million in 2008.
Ford is the only manufacturer of the "Big Three" of Detroit (with General Motors and Chrysler) have not gone bankrupt. It is reassuring for the future and plans to write "a profit before tax and excluding exceptional items for 2010, without specifying numbers.In addition to profitability, the group is including a U.S. car market between 11.5 and 12.5 of vehicles this year. In the year 2009 in the United States, sales at Ford fell 15.4% to 1.68 million units. Note that, after hesitating a large part of the morning, the Paris Bourse is moving more strongly in the green then qu'affluent results of U.S. companies show no surprises.
ALSO READ:
"In Detroit, the" big three "want to believe in their future
We do not know who or when. But Anne Lauvergeon, president of Areva, confirmed Monday the micro radio RMC that SWFs foreign capital should enter the public group. She adds that even some of these funds have been chosen: "This is a subject on which we are working actively. We have several investors who have been selected. No news on their nationality or the date of entering the capital. Anne Lauvergeon reiterated his plan to increase the capital of Areva to raise funds to the tune of 3 billion euros. This money should help fund the "12 billion" investment with "more than half in France," said Anne Lauvergeon. In exchange, the news is welcomed.The title Areva takes 1.83% to 356.75 euros.
Without giving details, the president of Areva said that the funds selected are discussing with the government: "Everyone wants to come in and they are talking with the state of both terms and price.
Opening the capital of the group up to 15% was a government decision of June 30, 2009. According to Le Figaro, investors should be concerned the Japanese Mitsubishi Heavy Industries (MHI), the sovereign fund of Qatar and his counterpart from Kuwait.
Number 1 of uranium production
In addition, Anne Lauvergeon took the opportunity to reaffirm that Areva has become the largest producer of uranium. She said there are 70 years of proven uranium reserves for the third generation of nuclear reactors and 5,000 years of uranium reserves for the fourth generation.
The fourth generation of reactors, including the industrial launch is planned for 2040, would provide significant savings in resources and produce less waste.
ALSO READ:
"Total will not invest in Areva
U.S. exchanges are connected to the cautious mode. At the opening, the Dow Jones earns a "small" 0.01%, before the publication of statistics of disappointing, while the Nasdaq lost 0.18%.
The expectation results from Intel, which will be announced tonight after-hours trade, is felt. The day before, markets have been supported by financial stocks and ended the session up support. And this morning, Asian stock markets ended in green.
According to the Fed, interest rates remain permanently low. The Minutes of the FOMC have confirmed a continuing recovery in economic activity, but the country still convalescing.On Wednesday, the United States has issued a budget deficit widened in December, reaching 91.85 billion dollars.
In Europe, the ECB left its key interest rates to 1% on Thursday.
Disappointments side statistics
The number of registered unemployed in the United States was up more than expected during the week ending January 9, according to figures released Thursday by the Labor Department. In data adjusted for seasonal variations, these weekly applications for unemployment benefits rose for the second consecutive week to 444,000 against 433,000 (revised) the previous week.
Another disappointment, retail sales in the U.S. fell against all odds in December, according to official figures released Thursday in Washington, but this masks a bad performance review of their surge up the previous two months.
Sales at retailers and restaurants fell 0.3% in November (data seasonally adjusted), said the Commerce Department, while analysts were waiting up 0.5%, according to their median consensus .
And import prices in the United States remained stable in December compared to the previous month and rose 8.6% over the whole of 2009 due to high prices of energy, according to figures released Thursday by the Labor Department.
Mixed opening for banking
President Obama should present today (noon, local time) measures to facilitate the repayment of public aid for banks and given guidance on the new tax credit. Shortly after opening, JP Morgan Chase gained 1.06% to 44.73%, Bank of America 0.54% to 16.71 dollars. In contrast, Morgan Stanley sells 0.83% to $ 31 and Goldman Sachs 0.69% to 167.90 dollars. Wednesday at the close, Bank of America gained 1.6%, 1.8% JPMorgan Chase, Morgan Stanley 0.4% Goldman Sachs 0.7%. To recall, JP Morgan Chase will release Friday.
Hershey (-3.02% to 36.61 dollars) has proposed a new offer to buy Cadbury, the Financial Times. Off-exchange, as Hershey sells nearly 3%.Cadbury breath as he seeks another buyer that Kraft Foods.
Rio Tinto (+2.54% to 233.94 dollars): the Australian mining group columbia unveiled its production of iron ore rose 49% in the last quarter of 2009, over one year.
The company Zale Jewelry (2.54% to 3.23%, having lost 8% non-Exchange) has seen three of its senior executives leave the group.
Intel (+1.71% to 20.96%) publish, after market, its annual results.
ALSO READ:
"U.S. banks confess their sins
The commodities market is particularly volatile in this weekend. The request by Dubai World, the principal holding company of the emirate, delaying the maturity of its debt worth 59 billion dollars fueling fears of a collapse of the emirate.
Oil prices fall on Friday in the opening exchanges in New York, the price dropping 4.81 dollars to 73.15 dollars, traders worried about the consequences of financial difficulties of the emirate of Dubai on economic recovery .
The announcement by Dubai has cast a pall over the entire finance, equity markets falling heavily Thursday (-3.36% on the European index EuroStoxx50) on all seats worldwide (-3.22 for the Nikkei Friday).Meanwhile, the dollar went back over 1% against the euro to 1.4867 as investors signaling a sudden aversion to risk.
The weaker dollar boosted oil prices and vice versa
It turns out that the dollar and oil, which is priced in U.S. currency, maintain an inverse correlation. A rising dollar is falling and oil prices and other commodities, which is currently the case.
The soaring price of black gold in recent weeks was also based on a general positive sentiment shared by investors in financial markets.Fears emerged with the financial problems of Dubai logically entail a sudden loss of attractiveness of oil.
"Crude oil is still grappling with fundamental bearish, despite the weekly statistics on stocks issued in the United States," said Darin Newsom, an analyst at DTN Telvent on Market Watch. Data released Wednesday showed an expected increase in oil inventories higher than expected.
The ounce of gold was also affected by the downturn in the commodities market, falling 3% to 1157.40 dollars to 10.30.
To great evils great remedies. Unemployed for eight months, Bernard Mauriange decided to make his own advertising to find a job. Since Thursday, the former director of operational marketing 53 years, appears in fact in 4 by 3 on a billboard on Route de Clisson, in Vertou, south of Nantes (Loire-Atlantique), describes "West France . On the panel, you can read the slogan: "Sales Manager Company seeks adventurous same profile, completed his giant portrait and telephone number. "There was a billboard on the highway free very transient. I have attached the owner. He liked my approach and gave me this site for a month, "explains Bernard Mauriange in the regional newspaper.
The diffusion of a trailer on Youtube
After redundancy, the fifties was supported by a firm of reclassification. "You're like a product to sell.It must arrive at the top of the gondola to attract buyers, "he says one consultant. A comfortable and full of composure, he then quickly found his tone audacity. He picks partners for printing brochures to send to companies and distributes itself platelets in the 1st class TGV. "The eyes of others is fun, you have everything, one who takes you for a fool, who cares completely, but also people highly available," says the fifties. Amateur 'buzz marketing', Bernard Mauriance peel ads for internet connection, creates his own website and blog. With his partner, Bernard Mauriange will hold the headliner in Vertou for a month. Next step in case of failure: the distribution of a trailer on Youtube.
The initiative of Bernard Mauriange for a job not unlike the advertising operation of the pole vaulter Romain Mesnil, last March.In search of a sponsor, he had initially made a video in which he would run naked through the streets of Paris and was sold on Ebay.
ALSO READ
"Going shopping for pay
The anonymous CV, a good idea
"Free Services for Business
Four giants of the world's foremost advertising to Publicis, Interpublic Group, WPP and Omnicom and the association representing the United States Monday called on U.S. authorities to validate the faster the alliance announced in July by Yahoo! and Microsoft at the "research" on the internet.
"We believe that the proposed Yahoo! and Microsoft to combine their technologies and platforms for research is good for advertisers, marketing agencies, publishers of websites and consumers "can read this open letter to the Department of Justice U.S..
Without explicitly mention the giant Google, which now monopolizes the field of "research" on the internet, officials of the four giants of the advertising world, by supporting the merging Yahoo!, Microsoft is still positioned for a greater heterogeneity of the competition on the Internet.
The alliance between Yahoo! and Microsoft has been concluded with the avowed aim of providing better counterweight to industry leader Google, which in September monopolized 64.9% of the U.S. market, against 18.8% for Yahoo! and 9.4% for Bing (the search engine from Microsoft). A more equal distribution of market shares and directly reduce the influence of Google on the advertising rates charged and would thus benefit to advertisers.
"We are delighted with the results for the quarter and year. The Apple CFO Peter Oppenheimer, has reason to be satisfied. The group of computer and multimedia has announced a net profit up sharply on the year, from 18% to 5.704 billion dollars for the year, with an acceleration in year-end. In the fourth quarter, the increase has indeed reached 46.5%, which is well above expectations analystes.Le group's president, Steve Jobs, also expressed his satisfaction. For him, the results equally well ahead in the coming months, with "a very solid line for the holiday season and really great products in preparation for 2010.The group, however, known for his prudence, posting predictions and equally good for the current quarter, with sales and should be between 11.3 and 11.6 billion dollars, with earnings per share is expected between 1.70 and $ 1.78.
Mac sales support activity
In the past quarter, the turnover has exceeded all expectations, rising 25% yoy to 9.870 billion dollars, is also beyond the expectations of analysts. Mac sales, which reached the 3 million computers (+17% yoy), helped offset the slight decline in sales of iPods (10.2 million units, -8%) and weaker growth in sales of iPhones (7.4 million units, 7%).For the year sales, despite the crisis, grew 12.5% to 36.537 billion dollars.
Thus, current earnings per share was well above expectations at $ 1.82. Over the year it reached U.S. $ 6.29, against 5.88 expected. The Apple stock jumped 6.29% to 201.80 dollars in electronic trading after the close of business.
"Apple is preparing the digital book revolution