The Top News

The U.S. trade deficit widened slightly more than expected in December and the negative balance of trade between the U.S. and China on a new record the entire 2011-295500000000 dollars.

The monthly deficit in the overall balance of trade stood at $ 48.8 billion, showed the statistics released Friday by the Commerce Department, as imports reached their highest level since July 2008.

Analysts polled by Reuters on average expected a figure of 48.0 billion. The November deficit was revised to $ 47.1 billion against 47.75 billion originally announced.

U.S. exports rose slightly in December (0.7%), but nearly two times less than imports (+1.3%).

Over the full year 2011, the trade deficit increased by 11.6% to 558.0 billion, a level not seen since 2008.

Exports grew by 14.5%, exceeding for the first time the threshold of 2,100 billion, while imports recorded an increase of 13.8%, to nearly 2700 billion.

Instant approval cash loans are useful when cash is needed urgently or when the amount of cash required is very small. Instant approval cash loans can be withdrawn for a small period of time.

Values ​​to follow on Wednesday at the Paris Bourse, where the CAC 40 advances 0.57% to 3,430.96 points at 12:15, investors hoping that in Greece, leaders policies validate the draft agreement on the reforms demanded by its lenders in exchange for the second aid package of 130 billion euros.

* THE BANKING among the main beneficiaries of the market in hopes of a solution in Greece, while the European Financial Stability Fund (EFSF) will, according to Director General ral Assistant Christopher Frankel, probably have to play a key role in restoring the situation of the Greek debt.

FARM CREDIT advance of 3.74%, 2.91% BNP Paribas and Societe Generale 2.48%. The Stoxx sector index was 1.25% grants.

* The CYCLIC also benefit from the possible impact on growth in the euro area of ​​a favorable outcome to the crisis in Greece. ALCATEL-LUCENT rose 1.86%, 1.78% of Renault and Lafarge of 1.33%. The Stoxx auto sector is 1.21% and the resource base 1.33%.

* ArcelorMittal (4.25%) is ahead of increases in the CAC 40, the value advantage as the eve of its earnings forecast for 2012, and its solid fundamentals judged by the market ;.

* VINCI (1.79%) said Tuesday night expect a stabilization of its operating margin in 2012 to its 2011 level, in a context of expected stagnation in activity due to uncertainties in Europe.

* TF1 (7.29%) is ahead of increases in the SBF 120 and M6 earns 2.51%, Bank of America Merrill Lynch has raised its recommendation on the two values ​​of "neutral" to "buy" . 

* NEXANS (6.98%), the world of cable, said he was confident for 2012 after a year 2011 marked by strong organic growth but also by a net loss of 178 million euros, a result of provisions related to an investigation of European competition authorities.

* KLÉPIERRE (1.84%) will propose for 2011 a dividend up 7.4%, to 1.45 euros per share, after last year's growth of 3 , 6% of rent, but the land has made no comment on the possible reduction of the participation of BNP Paribas.

* A reverse trend, SANOFI (-1.75%) shows the largest decrease in the CAC 40, 2012 announcing the exercise more difficult than last year with the loss of patents of several of its major EM ; medicines, including its anticoagulant Plavix. 

* EADS lost 1.24% while the euro rose against the greenback in morning its highest level since mid-December to 1.3290 dollars.

* BOURBON (-2.49%) signed the largest decrease in the SBF 120 on profit-taking, analysts said, after rising 29% since the beginning of the year . The group reported an acceleration of growth in the fourth quarter of 2011, which allowed him to cross the symbolic milestone of one billion euros in annual sales, and pre see a continued improvement in 2012.

* FAURECIA lost 1.32% after a gain of 37% between late December and February 7. The supplier has confirmed its 2015 target of sales after a strong 2011 for the automotive supplier, with North America and China and despite an expected slowdown in 2012 in part because of Europe.

PSA Peugeot Citroën, which owns 57.4% of Faurecia, gaining 2.08%.

* THALES (-1.36%) has published an annual turnover down 1% and slightly below market expectations, but confirmed its operating margin targets for 2011 and 2012.

* ADP was down 1.04%. HSBC lowered its guidance on the title to "underweight", against "neutral".

One third of these assets was deposited in banks in the UK, 10% in Switzerland. In total, the Greeks withdrew their banks 65 billion euros since the beginning of the debt crisis. The facade of the National Bank of Greece after a demonstration.

A total of 65 billion was withdrawn from banks in Greece since the beginning of the debt crisis in 2009, of which 16 billion was legally transferred to banks abroad, said Friday the Greek Minister of Finance Evangelos Venizelos, before Parliament, in response to questions from MPs in terms of debt restructuring and the new Greek EU aid, still under negotiation with creditors.

According to the minister, "32% of the 16 billion euros have been deposited in banks in the UK, and less than 10% in banks in Switzerland". According to figures from the Bank of Greece, deposits at end December 2009, banks in Greece, amounted to 237.3 billion euros, and in June 2011, they amounted to 188.1 billion euros. With a shortage of liquidity in the country, Evangelos Venizelos defended the new plan of European aid to Greece, which is to strengthen the capital of banks with 40 billion euros, and "ensure the economic recovery".

The recapitalization of Greek banks must intervene in the erasure under 50% of the nominal value of bonds held by private creditors to ease the debt burden of countries, which must pass 160% of GDP currently at 120% in 2020. The minister stressed the "importance" of the finalization of the agreement on debt relief and the payment of the new international loans to countries € 130 billion, agreed in October in Brussels by the euro area, to that the country avoids default in payment by March 20, when Greece must pay 14.5 billion euros of bonds due.

The pan-European Stoxx 600 index is expected to grow about 4% from its current level and the end of next year, a growth limited by fears about the financial situation of Europe and the United States, according to a Reuters poll published Thursday.

The quarterly survey of more than 40 analysts and fund managers over the past week shows that the index comprising the 600 major European cap should come out to 250 points at the end of December 2012, against 240.08 points at the close on Wednesday and 265 , 25 points late July summer before his fall (-15% in August and September).

"The factors (rebound, Ed) largely concern the ability of the industrial states to bring order into their finances, whether it's debt management or the needed balance between spending and revenues "said Christian Jimenez, president of Blue Diamond Management.

"So the emergence of a new method for solving the debt crisis which should allow the return of confidence.

The Tokyo Stock Exchange ended down 1.27% Tuesday as investors fearing a deterioration in the European debt crisis when approaching a crucial parliamentary vote in Italy.

The Nikkei lost 111.58 points to 8,655.51 and the Topix, larger yielded 12.42 points (1.66%) to 738.03.

Title Olympus plunged 29%, the group acknowledged having made M & A loans to cover losses on investments in stock dating from 1980.

The powerful U.S. broker MF Global is set to the tune of 6.3 billion euros in European debt. This is the eighth largest bankruptcies in the United States since 1980. The shock wave will however be less than that caused by the collapse of Lehman Brothers. The U.S. broker MF Global, coming off a black week, filed for bankruptcy Monday, October 31.

The U.S. broker MF Global, in particular very difficult situation because of its exposure to European debt, filed for bankruptcy, according to court documents available on Monday. The company has submitted a New York court record placing it under the protection of U.S. bankruptcy law, the board felt that this operation was "in the interest of the company, its creditors, its shareholders and other stakeholders. " This would be the eighth largest bankruptcy in the United States since 1980.Among the largest creditors of MF Global include U.S. bank JPMorgan Chase and Deutsche Bank German establishment and the media group CNBC.

MF Global, which appears as one of the first commodity dealers and products in the world, was in a very difficult position because of heavier than expected losses announced last week. Already battered on the market since the summer, the New York group had agreed on this occasion be exposed to the tune of $ 6.3 billion in European government debt, more than half in Italy and more one billion to Spain, two countries in the sights of investors.

"The biggest victim of the debt crisis"

Rating agencies have subsequently threatened to bring down its debt in the "speculative", which would have signed the end of its activities.Faced with speculation on the establishment, the action of the group was suspended earlier in the day on Wall Street and the New York branch of the Central Bank of the United States announced it would interrupt his dealings with the facility . According to the Wall Street Journal, talks with Interactive Brokers Group, which had planned for the weekend to buy the assets of the broker for approximately a billion dollars, were ultimately unsuccessful.

The bankruptcy of the group could send a shock wave in the markets, but its impact should not be as important as the impact of the collapse of Lehman Brothers in 2008. However, these are "the biggest victim so far of American debt crisis of Europe," said analyst Chris Low of FTN Financial before the announcement. "Fortunately the situation of the company is unique.

The accumulation of incidents at NYSE Euronext since June annoying and worrying more and more investors, who do not hesitate to use alternative trading platforms to carry out their transactions.

The transatlantic exchange operator in Europe has undergone eight technical issues between June and October, resulting in the suspension of publication of its indices, including the CAC 40 stock market delayed opening, or cancellation of certain transactions.

These technical problems are partly the result of significant changes made in the information systems of NYSE Euronext, and the large volumes of transactions processed (50 to 100 million transactions a day).

"We may take a very large number of precautions in terms of development and testing prior to the start of production of new systems when we change information systems – which are extremely sophisticated – we are increasing the risk of incidents have "Fabrice told Reuters Peress, head of market operations at NYSE Euronext European cash.

However, the panel of European regulators, with which NYSE Euronext talks every month, closely following the problems encountered by the exchange operator should be able to cope, stress analysts.

Consequently, some investors are tempted to work with alternative trading platforms such as MTF (Multilateral Trading Facility).

"Incidents of NYSE Euronext, is detrimental to them because they are not able to quote when you want to place an order, customers will go elsewhere," said Frédéric Jamet, Managing Director at State Street Global Advisors France.

Since the beginning of the year, platforms like Turquoise, Bats and Chi-X have continued to take market share from traditional stock exchange operators in Europe.

Wall Street opened slightly higher on Monday, the strong results announced by Caterpillar has somewhat overshadowed the skepticism of investors about the ability of the euro zone to resolve its debt crisis.

After the summit on Sunday, investors are eagerly awaiting the outcome of the next European meeting on Wednesday, including the question of the level of depreciation applied to debt securities held by the Greek private sector.

"We assume that the agreements will be announced in the coming days," said Peter Boockvar, market strategist at Miller Tabak & Co.

In early trade, the Dow Jones gained 0.29% to 11,843.15 points.The Standard & Poor's, wider, taking 0.33% to 1242.34 points while the Nasdaq composite gained 0.45% to 2649.43.

The beautiful performance as Caterpillar, up about 5% at the opening, supports the trend.

The world's largest earth-moving machinery and equipment for the mining industry reported Monday a record turnover and a 44% jump in profit in the third quarter, well above analysts' expectations.

Google loses the title, however, 0.45%. The group spoke with at least two private equity investment opportunity to help finance a transaction to buy the core business of its competitor Yahoo (1.97%), reports the Wall Street Journal, citing a source familiar with the matter.

The French authorities are willing to lower their growth forecast for 2012, considered too high against the global economic slowdown, and thus provide for other relief budget for next year.

Widely expected, the prospect of saving measures or additional revenue in 2012 is only anticipating the re-shaping of the budget after the scheduled presidential and parliamentary elections of spring, whatever the outcome.

The government was caught in August, choosing to keep its forecast of growth of 1.75% next year, while lowering its forecast for 2011, a decision that French officials were justified by the desire not to show a "pessimism" excessive, in an atmosphere of high anxiety related to the sovereign debt crisis in the eurozone.

For comparison, the Reuters consensus of economists sees French growth to 0.9% or 1.0% in 2012, Deutsche Bank provides such a very low 0.3%.

The finance minister, Baroin, acknowledged Tuesday that the current target is "probably too high" and it expressed its readiness to further action to meet commitments to reduce the public deficit.

Among the factors explaining these statements, confirmation of the global economic slowdown is reflected in recent indicators and the announcement by Moody's estimated that the stable outlook associated with the French sovereign rating, the famous "triple A".

Germany this week it lowered by almost half its growth forecast for 2012, waiting now 1.0% instead of 1.8%. The German Minister of Economy, Philipp Rösler, explained that "the pace of expansion slowed, as expected."

PRESSURE INCREASED MARKET

The pressure of financial markets has intensified significantly over France since the announcement of Moody's.

The yield on government bonds to 10 years rose sharply, exceeding 3.2% Friday while it was 2.6% in early October.The yield spread with German debt (the "spread") has further increased to over 120 basis points (or 1.2 percentage points) during the meeting, beating the highest in 19 years recorded this week.

No leads have yet been revealed on possible additional measures to keep the deficit reduction promised by France, 4.5% in late 2012 after 5.7% in late 2011. The government has just promised not to touch the devices that it considers useful to support employment, consumption and hence growth.

Baroin said that "we still have enough tax loopholes, if necessary, we will remove them."Hundreds of derogating tax revenue amputate the tens of billions of euros each year.

Personalities of the majority, the rapporteur of the Committee on Finance of the National Assembly, Gilles Carrez, one of the leading experts of the budget in Parliament, to find out that 5 billion or more next year on a public expenditure of about 1,000 billion euros, would not be a problem.

Members who are currently discussing the draft budget for 2012, however, rejected amendments socialists who cut 10 to 15 billion euros of additional tax loopholes next year.

A study by rating agency Standard & Poor's issued Friday said the risk posed to the States a possible return of the recession in the euro area.The scenario of a dip recession could well lead the agency to downgrade two notches notes Portugal, Italy and Spain, the French note of it from AAA to AA +.

A senior Fitch meanwhile said Friday that the agency did not intend to lower the sovereign rating of France. "We have no plans for decommissioning of France," said David Riley, responsible for scores of sovereign debt, to reporters.

The new Senate president, the Socialist Jean-Pierre Bel, will propose to Jean-Claude Gaudin, the head of UMP senators, a governance agreement on the operation of the Upper House. Jean-Pierre Bel, an elected Ariège, 59, was elected on October 1 by his peers first socialist president in the history of the Senate.

Jean-Pierre Bel, PS new President of the Senate, Tuesday said he favors a presidency of the UMP Senate Finance Committee, and the creation of two additional committees and that of a green group. Europe 1, Mr Bel, who was elected Saturday during a "day copy," he said, indicated that he would, in the morning to offer Jean-Claude Gaudin, head of UMP senators, "an agreement governance on the functioning of the Senate. "

If there is agreement, "we can make this opening," "I am in favor," said the elect of the Ariège about a UMP president of the Committee on Finance, which is the counterpart of President assured the Assembly by the PS Jerome Cahuzac. When asked if he would entrust to a centrist M. Bel said: "I am a democrat, the UMP is the largest group of Senate opposition." This commission was chaired before switching to the left of the historic High assembly, the centrist Jean Arthuis.

Jean-Pierre Bel is also the creation of two additional committees in the Senate, which will increase from 6 to 8 and will thus be at the Palais Bourbon. "For example issues related to sustainable development more relevant than before. The Senate should move," said the President.As for its allies the Greens "one has to live with diversity," he said, in favor of their organization in groups, which means lowering the threshold to 10 elected.