The U.S. stock markets are unable to find colors. On Tuesday, the Dow Jones started the session on a drop of 0.29% to 9980 points. The loose Nasqad 0.47% to 2110 points while the S & P lost 0.41% to 1,045 points.
Monday already markets in New York fell sharply, including the Dow Jones closed just on the threshold of 10,000 points, the lowest of the session (-1.4% at 10009.73 points) the lowest volume of transactions since the beginning of the year. It is down 4.4% since the beginning of the month.
Already this morning, the Asian indices have suffered heavy losses and their stock markets in Europe have followed suit.
Hot Economic News
Attention is actually suspended the publication Friday of employment figures for the month of August in the United States. The deadline is crucial.Then will come after the consumer confidence index in August (which could show a slight increase to 50.9 against 50.4 last month) and the confidence index of purchasing managers in Chicago (August) under 57 against 62.3 previously.
But before that, the S & P / Case-Shiller home price for June was released Tuesday. Conclusion: the price of single family houses has increased more than expected thanks to the positive effects of a tax credit that expired in April. The index came out at 0.3% in seasonally adjusted data, against an increase of 0.5% in May and 0.2% expected by economists.
Doubts about the strength of the recovery
Obama announced his economic advisers to work with new measures to support economic activity.He spoke of targeted measures, such as the extension of tax breaks for middle class matures, increasing public funding for the development of clean energy, infrastructure works or new tax cuts aimed "to encourage businesses to work their capital to create jobs here in the United States.
"This announcement is far from reassured investors, due to lack of accuracy and because investors doubt the effectiveness of proposed measures, analysts said Aurel BCG.
Semiconductors follow
As for values, the semiconductor industry will be watching: the Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors rose 1.2% in July from JuneThe association has confirmed its forecast of growth of 28.4% of the market for semiconductors throughout the year.
A follow HP (-1.22% to 38.09 euros) was the only value in the green yesterday (+1.5%). In addition to its attempt to acquire 3PAR, the leader in PC sales has announced a new plan to repurchase its shares.
The Financial Crisis Enquiry Commission (Commission of Inquiry on the financial crisis), tasked with finding the causes of the financial crisis, will listen to Ben Bernanke, Fed chairman, Fuld (former boss of Lehman Brothers) and Steel (ex-boss Wachovia) and Sheila Bair (FDIC Director) on the concept of "Too Big To Fail".
3M (-0.51% to 79.24 euros) yesterday announced the acquisition of Cogent (-0.18% to 11.07 euros) for 943 million dollars.The group's management warns that this will reduce its earnings per share cents from September to October in the 12 months following the settlement of the transaction.
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