Search
We structure the site with other partnersHowever at this time the law has changedManaging a business two can also be a forceStock markets begin week generally poorlyA project funded by ANR Pericles was launchedBefore you make a shade of size this is marginal accumulate and shall be applied on the durationBut next year the first will generate 7on the undueness or not the operation in questionRallies and markets the Turkey is FloresDisappointing results, fears on profits, worrying indicators... The demons of 2008 are back. Despite a rather positive early in the year, the downward trend of the market took over top. Yesterday, the Dow Jones finished on a withdrawal of 0.31, to 8.743,46 points, after having receded on the eve of 2.72. In closing, the & S P 500 has its side grignoté 0.34 to 909,73 points, while the Nasdaq gained 1.12 to 1.617,01 points.
European markets also registered declining, while limiting their losses. DJ Stoxx gave 0.73 to 208,77 points, with tail of sectoral performance, ores and metals. The DAX also ended in the Red ( 1.17 to 4.879,91 points), plunging Commerzbank of 13.8 after the announcement of its partial nationalization. The CAC 40 is eroded of 0.65, to 3.324,33 points, falling more than 2 in the meeting. At the same time, bond markets thawing: OAT 10 years assigned 6 basis points to 3,573.
While the results season officially begins next week and that several major companies such as Intel or Alcoa Wednesday increasing the negative ads, dominated by concerns about the results. Yesterday, Wal-Mart created the shock by announcing less good than expected December sales and by revising its quarterly profit forecasts. The giant of the distribution, which was illustrated last year by a gain of 18 on the stock market, dropped by 7.49, causing several values of the distribution in its wake.
Despite the drop in weekly claims for unemployment in the United States, the nervousness has dominated in the perspective of the publication, today, the monthly employment report. Investors were very attentive to the speech of Barack Obama (read page 7), which drew a bleak picture of the future of the US economy, without stimulus.
Recession in the euro area
In Europe, the indicators were little better: the entry of the euro area in recession has been confirmed. At the same time, the heads of business and consumer confidence fell to the lowest level ever recorded since the creation of this index, while unemployment reached a peak for nearly two years.
In this context, many markets specialists focus on U.S. stock exchanges. This is the case of Bob Doll, Vice President in charge of the strategy of investment in the market shares of the BlackRock funds. For him, "the Europeans have been slow to recognize their financial and economic problems, they are evidence of any unit in their various fiscal stimulus plans". On the other hand, American, more comprehensive, better capitalized companies would be safe values.
The expert believes that US markets should win at least 10 this year, after having lost close to 40 in 2008. "The most important gains are achieved, after touching a floor." "If we have reached it on 21 November, it is clear that the markets have gained about 25 since", observes Bob Doll. A first correction, more severe, had already taken place on 10 October. "With monetary aid and tax record, a cheaper oil prices, much lower valuation... shares should rise at one time or another in 2009", displays with optimism, provided that inflation remains low.According to him, the & S P 500 may exceed 1,000 points by the end of the year, but volatility will remain high, as the recovery will be tentatively. Global growth should not exceed 2 in 2009. American GDP should be negative in the first half.
