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admin — Mon, 21 Nov 2011 20:04:13 +0000

Like almost all professional mortgage, the broker Meilleurtaux.com expects rising interest rates in coming months, after some stability since the summer. In November 2011, he recorded the average fixed rate of 4% over 15 years, 4.24% over 20 years and 4.37% over 25 years. It averaged 0.5 points more than in January of this year.

"We are quite far from the disaster announced by some, said Herve Hatt, CEO Meilleurtaux guaranteed payday loans. Rates remain very attractive at the moment but the banks should pass gradually rising bond interest rates in coming months. "

Lower prices in the third quarter 2011

The average prices of real estate should they be on the downside. Many professionals have already announced cuts in the third quarter of 2011.

admin — Fri, 18 Nov 2011 04:20:12 +0000

Eight days. It only took eight days for Italy, if attached to the chatter and bargaining that distract from the action, change of government. Eight days for a bloated team, dedicated to one man, Silvio Berlusconi, who won the 2008 elections, and defended by a right-wing coalition increasingly uncertain, gave way to a gathered group of "experts" under the authority of a former European Commissioner, who has never participated in an electoral battle but ensured the support of a majority together left and right. To understand how this revolution has occurred, we must return a little back.

For two years, confidence in the Italian government has been falling as steadily deteriorating relationship with the political world."Concerned about a financial crisis, two-thirds of Italians believe that the worst is to come, distressed by unemployment and social welfare in a period of greater vulnerability, they felt that no one took him round the waist problems, do not even recognize the existence, says Nando Pagnoncelli, director of Ipsos. Neither the government and elected a parliament that does not debating the privacy of the Chairman, corruption and their internal battles. "Not only the Italians refuse to grant more confidence in Berlusconi but, having in head the failure of the Prodi team in 2008, after a year and a half of government, they can not believe that the Left in power would be able to govern.

admin — Mon, 31 Oct 2011 08:00:29 +0000

In the wake of the Tokyo Stock Exchange, which ended down down 0.69% on Monday, the CAC 40 is expected to open in the red. According to the index futures, it is expected to drop 1 to 1.1%. Given that last week he had gained more than 5% overall, to 3348.63 points, driven by an agreement on the European debt crisis.

Markets should react to the decision of the Japanese government, which is again intervened Monday on the foreign exchange market to weaken the yen. The Japanese currency had to break a record of force against the dollar, threatening the economic recovery of the archipelago. Result: The euro retreated against the dollar and the yen on Monday, as the greenback. Around 8 am, the euro was worth 1.4008 dollars against 1.4156 dollars on Friday at the same time. Faced with the Japanese currency, it rose to 111.02 yen against 107.31 yen yesterday.The U.S. currency climbed against the yen at 79.26 yen against 75.81 yen yesterday.

For its part, the European Financial Stability Fund (EFSF), the main tool to combat the crisis, saw its credit rating "AAA" confirmed by the three rating agencies, Standard and Poor's, Moody's and Fitch. In addition, over 90% of large banks asked to take part in the Greek debt relief have responded positively to the agreement, said the Institute of International Finance (IIF), an association of the largest banks in the world payday advance.

Europe seeks the support of the G20

Investors will also have their eyes turned towards the United States, where a meeting of the Fed is expected Wednesday, but also to Cannes, where Europe should have its anti-crisis plan at the next G20 summit.

Oil prices were up moderately Monday morning as investors agreeing respite from the soaring successor to the announcement by the Europeans of an agreement to resolve the debt crisis. The barrel of "light sweet crude" for December delivery gave himself 14 cents to 93.46 dollars in early electronic trading. Barrel of Brent North Sea crude for December delivery gained 21 cents to 110.12 dollars.

Values to follow

• EDF Friday asked the Financial Markets Authority (AMF) to investigate the drop in its share price attributed to a newspaper article that the Socialist Party and the Greens are about to sign an agreement providing for election closure of nuclear power plants.

Gas prices: the regulator wants to change the rules

admin — Sun, 23 Oct 2011 23:08:21 +0000

In the thorny issue of gas pricing, the Commission for Energy Regulation (CRE) wants to make its voice heard. In early October, the policeman made a sector review (Advisory) negative impact on the government's decision to freeze gas prices, finding an increase inevitable. Today, the CRE takes a stir throughout the report, submitted to the government, the procurement costs of GDF Suez.

In this paper, Le Figaro that was provided, the controller gives the whole device flat regulated prices. He would like to begin this system to be deleted for Industrialists. Not only France is an exception, but most large companies feed on the market today and therefore spend regulated tariffs.These two reasons argue for a quick exit with respect to the CRE.

With regard to the regulated rates for individuals, the regulator is pushing for major reform. In the background, the benefit to the consumer. The CRE has accounts: only lower taxes compared to other European countries means that the regulated prices of gas in France is attractive. Otherwise, the costs of the molecule fall within the upper range in Europe. In the event of a removal of regulated prices, also under review, the regulator said that "a reflection on the evolution of social systems face the problem of cost of energy supply" should be conducted to help households more modest easy pay day loans.

Market price

Meanwhile, the CRE would like the formula incorporates a larger share of price indexation market.They are currently cheaper than the cost of long-term supply imported into France and indexed on oil. This index accounts for 90% of the price fixing. The CRE wants this share declined to 70%. Currently, there is a difference of 5 euros per megawatt hour (MWh) between market prices and long-term contracts. In early 2010, he was over 10 euros.

The CRE, which found that GDF Suez manages its supply portfolio globally, recommends that this optimization is more beneficial to the consumer. Therefore "an expansion of the scope of supply included in calculating the costs covered by regulated tariffs." In addition to the increased use of market prices, the regulator stressed the importance of liquefied natural gas (LNG), for whom Europe is a natural outlet.

These tracks will be reviewed by the government.They, who know that long-term contracts often protect the abrupt fluctuations, will also decide on the pace, currently quarterly review of gas prices.

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admin — Sun, 09 Oct 2011 15:44:11 +0000

LE FIGARO – What do you expect your visit to France?

Michalis CHRYSSOHOÏDIS – France is a strategic partner, the second largest foreign investor after Germany. I will meet with the bank Oséo. The SME Bank is to me a model success story. It has supported companies in recent years and has funded the development of France. We want to inspire us to create our own investment bank. Then I meet Baroin and companies interested in investing in Greece. I see a great interest on their part especially since the launch of the privatization program.

Why are these privatizations n'avancent not they?

Be careful. We want to value the assets of the country and not sell everything, quickly and cheaply. Do not believe everything we Bradon. Foreign companies have this impression because of the crisis.But investors must understand that they must add value to the country by buying companies, they will not buy at bargain prices just because the Troika (EU, ECB and IMF) has set targets for privatization.

What are your criteria for selecting candidates?

It will take commitments in terms of jobs and investment. A Greek in two is unemployed. Yet young people are highly educated. The vast majority has a lot of degrees and study abroad. We can not continue to let them emigrate abroad and lose our minds. We have no preference on the nationality of the interested companies. The European framework does nothing, so if we have good proposals from non-European groups – from Asia for example – we will take seriously into account.We must establish a business model that will be based on production, competitiveness and trade.

But the Troika impatient …

We will fulfill the objectives of the 4 billion privatization by the end of the year. But you know, the Troika also wants the success of this program. His emissaries were correct in finding that there had been delays in structural reforms, but they must understand that we have passed a series of reform laws that are not spent in the company, in the real economy business

Tokyo has a new Prime Minister, the Nikkei rose

admin — Mon, 29 Aug 2011 06:32:07 +0000

Taking advantage of the good performance of Wall Street on Friday night, Asian markets show good growth on Monday. The Nikkei closed up 0.61% to 8851.35 points, while the Japanese Minister of Finance, Yoshihiko Noda, a supporter of fiscal restraint, was elected chairman Monday of the Democratic Party of Japan (in power) and will be appointed Tuesday Prime Minister by Parliament.

Investors also benefit from a further weakening of the yen against the dollar and the euro the dollar was trading at 76.7 yen (0.10%) and currency EUROPEAN, 111.49 yen (0.36 %). However, some export values do not. This is the case of Toyota who drops 1.91% to 2715 yen, Honda lost 1.22% to 2415 yen.However, Sony climbed 2.82% to 1637 yen.

The oil prices down slightly

Chinese markets are evolving in a piecemeal: the Hong Kong Hang Seng rose 1.51% to 19,879.50 points while the CSI 300 Shanghai loose 1.30% to 2863.39 points. According to Reuters, China has reportedly asked its banks to include their deposits in reserves required by the Central Bank.As a result, Chinese banks are severely impacted the stock market: China Merchants Bank 3.13% to loose 11.74 yuan, China Citi Bank lost 3.45% to 4.47 yuan and Industrial & Commercial Bank of China sells 1.44 % to 4.1 yuan.

On the other Asian financial centers, investors are generally in good spirits Monday morning: the Taiwan TAIEX advances 1.79% at 7578.01 points, the Kospi in Seoul gained 2.96% to 1831.55 points, the S & P / ASX 200 was up sharply from 1.82% to 4276.50 points, the BSE Sensex up 30 wins 2.64% to 16,268 points and the FTSE Straits Times rises from 1.33% to 2784.85 points.

Oil prices were slightly lower Monday morning during electronic trading in Asia, due to the drop-off in demand after the closure of airports on the east coast of the United States, when Hurricane Irene, have analysts said.In morning trading, a barrel of "light sweet crude" for delivery in October gave 13 cents to 85.24 dollars per barrel of Brent North Sea crude for October delivery let go 28 cents to 111.08 dollars.

The Paris Bourse tumbles 5.48%

admin — Thu, 18 Aug 2011 16:12:11 +0000

Dark red on all world stock markets on Thursday. In Paris, the CAC dropped to 6% during the session. It closed down 5.48% to 3076.04 points. The falling motion was identical in all European stock exchanges: Frankfurt closed down 5.82%, its biggest daily drop since November 2008, London and fall of 4.49%. Milan lost 6.15%, Madrid and Zurich 4.70% 4.15%.

As in Frankfurt and London, Paris had already opened in the red, losing 1.15% to 3216.77 points after a session hesitant. The decline was accentuated in London after the announcement of a very slight increase in retail sales in Britain. The Office for National Statistics said that they had increased by 0.2% in July compared to June, while analysts surveyed anticipating an increase of 0.3% from one month to another.This indicator provides further evidence that consumers carve their spending, a development that does not bode well for growth.

In addition, Morgan Stanley lowered its growth forecasts for the global economy for the years 2011 and 2012, the revision is stronger for developed countries. In a note published Thursday, the U.S. investment bank now expects growth in global gross domestic product (GDP) of 3.9% in 2011, against 4.2% previously and 3.8% in 2012, instead 4.5%.

The New York Fed monitors banks in Europe

It is the banking sector that was most severely attacked since the Wall Street Journal announced that the New York Fed would step up its investigation of the U.S. subsidiaries of major European banks, fearing that the debt crisis in Europe from being passed to the U.S. economy through them.

In Paris, Societe Generale (-12.34% to 21.60 euros), attacked again, signs the largest decrease in the CAC. The bank is followed by Credit Agricole (-7.29% to 6.228 euros), BNP Paribas (-6.76% to 34.21 euros), AXA (-7.09% to 10.555 euros) and Natixis (-6, 04% to 2.896 euros).

Disappointing indicators in the U.S.

Already this morning, investors had no indication to follow from Wall Street that sent signals unconvincing with a fence without direction yesterday. Asian markets themselves, showing up mostly in dark red on Thursday."There was nothing really concrete to put in their mouths for reassurance," says Yves Marc, sales of shares in Global Equities.

This afternoon, a series of disappointing macroeconomic indicators published in the United States have also added to investor concerns:

The Labor Department reported a higher-than-expected jobless claims last week. They reach 408,000 registrations, against 399,000 the previous week. Economists on average had expected 400,000. The consumer prices have in turn increased more than expected in July (0.5%), driven by the rebound in gasoline prices.

The index of the Philadelphia Fed, the "Philly Fed" is, moreover, emerged in a very sharp decline in August, well below expectations (-30.7) and marking its lowest level since March 2009.The index of U.S. leading indicator also rose more than expected in July to a record high, due to growth in money supply and a decline in jobless claims, the Conference Board said Thursday.

Finally, existing home resales fell contrary to expectations: they were down 3.5% in July, while analysts expected a 3.8% increase, according to figures from the NAR.

The France keep its AAA by S & P

However, on Thursday, Standard & Poor's said she was "confident" in the ability of France to maintain its optimum rating "AAA". "The note of France is AAA stable, it is the case since 1975," said the president of the rating agency for the French-speaking Europe Carole Sirou, interviewed on RTL."We are confident on that note," she said, just days after his agency has deprived the U.S. of the maximum score, which makes it possible to refinance with it on the market.

As for currencies, the euro accelerated its decline against the greenback in morning trading. It is worth 1.4281 dollars, against 1.4428 late Wednesday. Investors always react to signals of an economic slowdown in Europe and the proposals deemed disappointing the Franco-German duo on the governance of the euro area.

Oil markets, prices opened down sharply in New York, the new access affected in a bad mood.To 15 hours (French time), a barrel of "light sweet crude" for September delivery was trading at 85.02 dollars, down 2.56 dollars compared to the previous day.

Values to follow

Lafarge: -7.15% to 27.01 euros

The cement may react to the publication of the results of its Swiss rival Holcim. The latter saw its sales fall by 11% to 5.48 billion francs in the second quarter of 2011. Net income group share was down 13% to 347 million. The group remains very cautious in its outlook and believes that there is no sign of recovery in the United States.

Carrefour: -5.96% to 18.79 euros

Carrefour's CEO, Lars Olofsson, said the French retailer was not negotiating the sale of its Brazilian subsidiary to Wal-Mart."It's not what I have in mind," he said during a tour of forty-eight hours in Sao Paulo, according to Les Echos.

As for recommendations, Goldman Sachs is no longer for purchase at Vallourec, which is the second largest decline of ACC (-9.77% to 57.66 euros). UBS changes to "neutral" against the "purchase" of Veolia (-8.73% to 10.45 euros), Nomura cut its price target on EDF (-7.61% to 19.91 euros) to 33 euros against 47.50 euros.

Panic on the Eastern Scholarships

admin — Sun, 07 Aug 2011 10:28:10 +0000

The decision by S & P, history, to degrade a notch the debt rating of long-term United States, and to impose a 'Negative' outlook is welcomed as a real blow for the markets, already weakened in the last fortnight. First Place Financial to have opened after the announcement Friday night, the Saudi Stock Exchange, the largest in the Arab world, lost 5.46% closing Saturday night: the index feature Tadawul All-Share (TASI) finished 6073.44 points and the decline concerned all index values, including the bank, but the oil companies.

Stall reflecting the concern about the impact of such degradation, and that feeds the fears of a strengthening of European sovereign debt crisis. "The decision by S & P and debt problems in Europe (…) frighten investors," says one financial analyst Abdulwahab Abu Dahesh.However this Sunday morning, the index settled down, rising from 0.38% to 6096.24 points.

But, again this Sunday morning, it was the turn of Israel to panic: the Tel Aviv Stock Exchange just does not open its doors, while futures on the main index predicted a free fall 6.08% in the opening gong at 1084.97 points. The ratings remain suspended for 45 minutes and the time that "market participants have time to react logically and not under pressure," said a spokesman for the stock market, Idit Yaaron. At the same time, the country was shaken by major events Recalma for social justice.

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Crisis: EU leaders under pressure

admin — Sat, 06 Aug 2011 09:32:08 +0000

The leaders of the euro area have increased their telephone calls all day Friday, but failed to contain the fire in financial markets. The European stock markets recorded a tenth straight session of declines, despite employment statistics better than expected in the United States.

The pressure was at its height on Friday night Silvio Berlusconi, Italian Prime Minister. According to Reuters, the European Central Bank had asked him to commit to implement fiscal reforms quickly, a prerequisite for debt it bought the Italian Treasury. This would include an amendment to the Constitution so Italian and to introduce a "golden rule".Rome could make announcements to that effect from this weekend, in exchange for which the ECB would intervene in the markets next week to support the Treasury of Italy. These rumors had the effect to strengthen the euro against the dollar.

Sign of financial globalization accelerated the past three years, Asia is now that Western countries face their responsibilities. Major creditors of the United States and the eurozone, Japanese and Chinese have expressed their annoyance. "We hope that the United States adopt measures to ensure the safety of assets held in the U.S. by other countries," said Chinese Foreign Minister Yang Jiechi.The latter also called on the world's major economies to strengthen their "communication" and improve "global economic governance."

The Minister of Finance of Japan, Yoshihiko Noda, for his part called "to discuss" problems of market distortion currency, debt crisis and U.S. economic issue. Asia calling the West to deal with its imbalances, the G7 in reverse!

Calls to Action

Side the euro area, the calls begin to be heard. According to the Commission President José Manuel Barroso, who has asked Member States to vote as soon as the new aid package to Greece, the Commissioner of the Economy, Olli Rehn, has increased calls for the Friday action. He acknowledged that "the current crisis is not just Europe cash advance in one hour."He said the solution may be to the world and "international coordination through the G7 and the G20 is very important," two bodies currently chaired by France. In this context, Nicolas Sarkozy has held since his vacation spot in Cape Negro a telephone conference with German Chancellor Angela Merkel, Italian Prime Minister Silvio Berlusconi and Spanish Prime Minister Jose Luis Zapatero. He also had talks on Friday with Barack Obama. But as in previous crises, Europe is still far from offering a united front to the markets. Spanish Finance Minister, Elena Salgado, has sharply criticized the European Central Bank, which, she said, created "confusion in the markets."Implicitly, Madrid surprised that Jean-Claude Trichet at a press conference on Thursday, has announced the resumption of purchases of debt of Ireland and Portugal, two countries with financing needs are in principle already covered by the European Solidarity Fund (EFSF), even if it is unable to avoid tension on the secondary market.

However, the ECB has done nothing yet for Spain and Italy, which are in turmoil.Another sign of division: several Anglo-Saxon sources have suggested that the decision to resume the buyback of sovereign debt was opposed by the Germans, Dutch and Luxembourg in the Council of the ECB.

"The market seems to have understood that the European Summit of 21 July has finally brought a DIY solution to alleviate the difficulties of the peripheral countries of the Union", are economists Natixis. Principal is the day the bond markets, the rate loans to ten years in Italy increased over Spain, 6.12% and 6.03% respectively.Hence the pressure on Berlusconi by the ECB, and behind its main shareholder, Germany.

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USA: eleventh hour agreement on the debt cap

admin — Mon, 01 Aug 2011 05:32:07 +0000

The uncertainty seems to have finally dissipated in Washington. After long weeks of negotiations, Republicans and Democrats finally have reached an agreement to raise the U.S. debt ceiling. After a retraction in the Sunday afternoon, the White House confirmed Sunday night (Monday morning Paris time) that President Barack Obama and Congress had reached agreement on in extremis removing the ceilings on debt 2.1 trillion dollars. What prevent a default with potentially catastrophic consequences for the global economy, while U.S. lawmakers did not have more than 48 hours before the deadline set by the Treasury.

Important point of this agreement in principle: the amount of the increase will allow the U.S. to respect the new ceiling and be able to borrow until 2013, after the presidential elections.What Barack Obama was anxious to avoid having to reopen the thorny issue next year, during an election campaign.

A first submission to a vote expected in the day

However, the plan still has some gray areas. Few details have yet filtered on additional measures to reduce the U.S. deficit. According to a U.S. official, the agreement provides for an initial cost reduction of 1.000 billion. A special commission bipartisan Congress will then be responsible for finding (before Thanksgiving or the end of November) of additional spending cuts of 1.5 trillion dollars. In addition, the plan would not include any tax increases in any form, which may go wrong on the left of the Democratic Party.In the event no agreement on budget cuts intervene further, a binding mechanism would be in place, automatically imposing a number of cuts, including the defense and the Medicare health program for the elderly.

A senior White House nevertheless said that Social Security and Medicare, the health program for the elderly, would not be affected by these cuts automatically. This is also particularly at this point that the negotiations had stalled in recent days.

If the announcement of the agreement has given the air in the financial markets, particularly the Asian markets, still needs to be valid by the Congress voting this agreement in principle. Again, the timing is still tight. To avoid any permanent non-payment, the agreement must be approved before midnight Tuesday (Wednesday 16 hours in Paris).The common ground found by the two parties should be submitted to a vote of both houses of Congress on Monday.

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