Japanese stocks ended up Thursday in the wake of coordinated action by central banks to release the funding of banks has seized up with the debt crisis in Europe.
The Nikkei gained 1.93% or 162.77 points to 8597.38 points and the Topix, broader, took 1.59% or 11.55 points to 740.01 points.
Financials have been sought. The banking index gained 1.59%. Sumitomo Mitsui Financial Group gained almost 3%.
Daiichi Sankyo has gained nearly 2% to 1,400 yen.
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Inflation in Britain has reached its highest level for three years in September, according to official figures released Tuesday.
The National Statistics Office (NSO) said that consumer prices increased by 0.6% a month to month and 5.2% a year, their largest increase since September 2008 after 4.5% in August.
Analysts expected a 0.4% inflation a month to month and 4.9% year on year.
The ONS said the price increases by four of the six major utilities companies were included in the figures for September and that those of the two remaining ones would be in October.
The post electricity, gas and expenses jumped 18.3% year on year in September, said the ONS, while transport costs increased by 12.8%. The food prices have increased by 6% each.
The Bank of England (BoE) expects inflation of 5% this year, well above its 2% target, but the recent deterioration in economic outlook augurs a return in the medium-term objective the BoE, which is 2% annual rate.
The guarantee will be given to the bad bank Dexia should not lead to questioning of the note debt of France by the three U.S. credit rating agencies, Standard and Poor's, Moody's and Fitch. The rating agency Standard & Poor's has lowered a notch Friday, August 5 sovereign rating of the United States, from "AAA" to "AA +".
The rating agency Standard & Poor's said Monday that the AAA rating of France, the best possible, was "justified", with a stable outlook, according to Moritz Kraemer, head of European states in an interview with Bloomberg TV.
Triple A is "justified", he said, adding that S & P maintains a "stable outlook on the rating for the moment." "As an agency we report rating the risk of a decline in the note by changing the negative perspective", said Mr. Kraemer, which is therefore now not the case in France.
Mr. Kraemer was questioned the ability of France to maintain its triple-A given the state of public finances and debt. "However, we continue to monitor the discussions in the political line of sight with the presidential election approaching, to know the strategy to reduce the debt ratio," he detailed. He added that "the main challenge lies in public finances," a major problem in the euro zone for him. Mr. Kraemer said that France has already taken steps to control its spending and reduce its deficit and found particularly "solid" pension reform.
These words occur while the representatives of the Belgian, French and Luxembourg have agreed Sunday to provide a guarantee of 90 billion euros to Dexia's funding to facilitate its dismantling.Moody's, one of the competing U.S. S & P, said Monday that the impact of this guarantee on the note of the French state will be "limited".
As for Fitch, she believes that "exposure to Dexia is quite modest relative to GDP (gross domestic product) and does not in itself a significant risk to the note of France," said Maria-Mroueh Malas, Director the division rulers.
The agency also believes that the government's commitment to stabilize the banking sector is beneficial because it removes uncertainty and helps to resolve the crisis in the euro area. "France still enjoys an exceptionally strong financial flexibility and prudent economic management, strengthening its ability to withstand economic shocks," said Fitch.
The Minister of Finance, Baroin ruled Monday that the decommissioning has an impact on the sovereign rating of the Hexagon, the three major rating agencies. "For the rating agencies, we are one of the best worldwide brands and will remain" thanks to structural reforms and the policy of reducing expenditures and compliance with the schedule that the French government has become, at he promised.
EDF said on Wednesday an order for 44 steam generators for the renovation program of French nuclear power plants with a capacity of 1,300 Megawatts.
Areva and the U.S. company Westinghouse are assigned respectively the supply of 32 and 12 generators with a total of over 1.5 billion euros, EDF said in a statement.
For its part, Areva, which will receive $ 1.1 billion of that total, 16 states that the steam generators will be made available to the electrician in July 2016, eight in January 2017 and eight in January 2018.
This control of steam generators to the reactors with a capacity of 1300 MW is part of the program of gradual replacement of large components on power.
Each steam generator, weighing 438 tonnes, has an internal circuit consisting of 122 km of tubes for making steam, which then produce electricity via a large turbine.
All the tubes of steam generators will be manufactured in France at Montbard (Côte d'Or).
European shares posted their third Thursday at the close win in a row, driven by the commitment of Paris and Berlin to keep Greece in the euro area.
In Paris, the CAC-40 ended up on 3.27% to 3045.62 points.
The European Central Bank (ECB) has also helped to sustain the upward movement of European stock. She said Thursday that it would conduct operations at a fixed rate to three months from October to December, offering to banks as many dollars as they want.
These operations are intended to amortize any drying up of liquidity that could occur later this year.
Banks in the euro area show a gain of 6%.BNP Paribas in particular gaining 13.4%, after surging 22% to the announcement of the ECB.
However, UBS ended the day on a loss of 10.8%.
A trader suspected of being linked to losses of some $ 2 billion announced Thursday morning by UBS was arrested in London, said on Thursday from several sources.
Air France-KLM, Europe's largest airline by revenue, reported in July an increase in passenger traffic coupled with higher revenues but a decline in cargo business.
Action Air France lost 5.74% to 6.56 euros by 9:20, amid fears of a relapse of the global economy and extension of the debt crisis in the eurozone.
The Franco-Dutch company rose 6.9% in passenger traffic last month, higher than the 5.4% increase in capacity operated on the month.
The load factor was up for his 1.2 points to 87.3%.
"Unit revenue per available seat kilometer (RASK) excluding currency has improved over the previous year, driven by traffic in business class," said Air France said in a statement.
Networks Americas and Asia, the load factor in both cases exceeded 90%, while traffic has increased by 9.6% and 8.1%.
The European network is itself remained "dynamic" last month (+7.2%) despite the debt crisis.
However, freight transport remains to the death as in previous months.Unrest in Africa and the Middle East, combined with overcapacity in from Asia, have resulted in a decrease of 2.7% in cargo traffic in July.
Capabilities having remained broadly stable, the load factor fell 2.1 points to 64.0%, while unit revenue per tonne kilometer (RATK) excluding currency is down from one year to another .
The International Air Transport Association (Iata) said last week that the tendency to transport passengers remained on an upward trend, but at a rate lower than the 10% rate observed during the rebound following the last economic crisis.
"The slowdown reflects the deterioration in economic growth and rising costs caused by rising fuel prices and the higher taxes in some countries," said IATA.
The association also noted that freight volumes, a barometer of trade, had not shown growth since July or August 2010.
The former coach of the France team is expected to reach one million euros gross compensation after being fired from his job for misconduct. He originally sought 2.9 million before the Industrial Tribunal. Domenech made peace with the FFF for one million euros
The President of the French Football Federation (FFF) The Christmas Graët found an agreement with Raymond Domenech procedure for turning off the Labour Court, for 1 million gross, which must be ratified on August 4 by the executive committee of the FFF, said Friday familiar with the matter.
The former coach of the Blues, sacked for gross misconduct after the fiasco of the 2010 World Cup and claimed 2.9 million euros, thus specifically affect 990 000 euros gross, said the same sources, refining information published Friday in the newspaper Le Parisien.Lawyers for the FFF and Domenech's advice could not be reached Friday morning by AFP.
This agreement is the schedule given by the Christmas Graët, who had indicated on July 13 at the exit of an executive committee (new decision-making body) of the FFF that he hoped to find a "final solution" in early August with Domenech to avoid the final review of the case, scheduled January 13, 2012 before the Labour Court of Paris.
The Graët did not want the file poisons 3F. Ila then took matters in hand. "I got Raymond Domenech, explained the president of the Federation on July 13. If we can find agreement, I would prefer that the case be closed in coming days. Life is full of hope.I hope to find a definitive solution in early August I hope. "
The Graët Domenech and know each other well
As he had promised upon his election as President of the 3F June 18, the former president of the En Avant Guingamp (EAG) gives the order so quickly in the affairs of the proceedings to avoid unpacking the large industrial tribunal. A conciliation hearing in April between the two sides failed to Labour Court and the issue kept coming back in the debates. With this agreement Graët The image shows a 3F that captures files immediately, without giving in completely to the demands of the opposing party.For Domenech, it is to turn the page Knysna humanely, but draw the line entirely on the damage he claims to have suffered as an employee after 17 years of service.
The opening of direct negotiations The Graët-Domenech marked a break with the former president of the FFF, Fernand Duchaussoy, who refused and was in favor of a hard line. The Graët Domenech and know each other well. The Graët had shown its support for Domenech after the failure of the Euro-2008. "You do not win all the time, but also the friendships they have, and I may be a tendency sometimes to support when the pack is unleashed, he had entrusted the end of May on the subject. The protection is needed.Raymond Domenech of France has called three times for the finals, and in the past, it was not the case. "
This does not mean, of course, The Graët, formidable negotiator, to give gifts to the former national technician. "I am president of the Federation and it is necessary that he (Domenech) said that it was an employee of the FFF, I'm not ready to satisfy every whim of lawyers (the 2.9 million claimed ) ", and had stressed the head July 13.
Deutsche Bank reported Tuesday a quarterly profit before tax lower than expected, following the presentation of its new management team.
Germany's biggest bank posted a profit before tax up 17% in the second quarter to 1.8 billion euros, while analysts polled by Reuters were expecting $ 1.97 billion.
Its net profit came out unchanged at 1.2 billion euros.
The bank expects to achieve its goal of a 2011 profit before tax of EUR 10 billion, but that it could miss its target on its corporate finance, due to the debt crisis in Europe.
Deutsche Bank announced Monday that a duo of Anshu Jain and Jürgen Fitschen be succeeded in May 2012 at the CEO, Josef Ackermann.
Anshu Jain, 48, heads the investment bank Deutsche Bank while Jürgen Fitschen, 62, driver's German operations of the facility.
To avoid a failure to pay the United States, U.S. senators plan to allow President Obama to decide one of raising the debt ceiling to 2.5 trillion dollars in three installments. Capitol
Trench warfare on raising the U.S. debt ceiling continues this week in Congress, where elected officials are working on a "plan B" to bypass the blockage and prevent a failure to pay the United States after August 2.
The political impasse remained Monday despite warnings last week of rating agencies, pressure from China, warning the administration against an Apocalypse if unpaid bills by the federal government. Monday morning, U.S. treasury secretary, Timothy Geithner, has nevertheless ensured that an agreement would be signed."Nobody is going to play stupid on this issue," he said on CNBC, saying again that default would be "catastrophic" for the country.
In the Senate, Majority Leader Democrat Harry Reid, took the issue seriously Monday by declaring that the upper house would remain in session "every day, including Saturdays and Sundays until (…) Congress passes a bill that prevents the United States to shirk its obligations. "
Faced with deadlock, Mr. Reid and his fellow Republican Mitch McConnell of attempting an operation last chance to reach a formula acceptable to both sides. This "plan B" would give the president the power to rise three times the maximum debt of 2,500 billion dollars by next year.But it would leave only the responsibility-and risk-policy of raising the debt ceiling.
The Senate plan could also include spending cuts of up to 1,500 billion over 10 years, measures on which both sides agree. The ultra-conservative movement of the "tea party" very influential in the House, however, condemned the plan of withdrawal.
For its part, the spokesman for the White House, Jay Carney, assured that the president continued to "call the broadest possible agreement". But according to Carney, the president wants to ensure that there is "a backup plan" such as that of Senator McConnell, even if this plan is not his preference. This could be examined by the middle of the week.
But before that, Tuesday, the House of Representatives will vote on the latest proposal of the Republicans, entitled "Reduce, cap, balance."The symbolic text, which should be rejected by the Senate to Democratic majority, would require such an amendment to the Constitution to the federal budget is in balance, as well as strong cuts.
The inevitable failure of this plan will only emphasize the gap between Democrats, who demand a policy of deficit reduction focus on more tax revenue, and the Republicans, who do not want to hear about tax increases but only draconian budget cuts. The White House pressed the point home Monday warning that Obama would veto the text, in the highly unlikely event that the Senate would approve.
Republican John Boehner said he was "disappointed" in a statement Monday about the threat of the president, accusing the White House to lack "serious" and to avoid difficult decisions."We're making progress," but Obama said Monday during a brief interview with the press.
CBS News poll released Monday, 71% of Americans disapprove of the way Republicans in Congress led the negotiations. Democrats register them a negative score of 58%. Since mid-May, the U.S. federal debt, to 14.294 billion dollars, has reached the maximum allowed, an issue that the Treasury is unable to circumvent that through hocus-pocus of short duration.
The New York Stock Exchange ended Friday up 0.36%, the Dow Jones Industrial 30 45.03 points to 12,482.15 winner.
The S & P-500, wider took 7.53 points, or 0.58%, to 1316.40.
The Nasdaq Composite Index was up 27.34 points for his side (0.99%) to 2790.01.
For the week, the Dow lost 1.4%, the S & P 500 fell 2% and the Nasdaq 2.4% sold.
These data are likely to vary even slightly.