Category Archives: Economic Data

Economic Data

Investors Still Wary Of Euro Area Problems

Posted on by
Reply

Wall Street turned lower Monday in early trading after a rather favorable, U.S. markets remain weakened by the debt crisis in the eurozone. During the day, the Dow Jones was down 0.1% at 12,348.5 points, while the Nasdaq Composite Index fell back 0.2% to 2668.9 points.

The joint press conference of Nicolas Sarkozy and Angela Merkel broadcast live from Berlin did not result in any dramatic announcement, except to reaffirm that the ‘golden rule’ should be adopted by most European partners by in late March.

“Investors remain skeptical about the developments in the euro area. A plethora of summits are scheduled in January and to believe that markets begin the week, their hopes are not very big, ‘says one at Capital Spreads.

‘The latest economic data surprise on the upside, but it does not seem to be enough to restore investors desire to repurchase shares’, said the broker.

The euro saw their lead melt as a result of 1.2775 to 1.2735 dollar.

Alcoa will have the difficult task of reassuring investors that evening after the market close.

The consensus expects a loss of one cent per share in the fourth quarter sales of $ 5.8 billion, but the prospects for the aluminum group may well be surprised.

Listed on the Dow Jones, the action of 2.5% advance in the meantime.

The technology sector is worth a few hours before the opening of the high mass of electronics, the CES in Las Vegas.

Competition In The Energy Sector

Posted on by
Reply

The Energy Ombudsman is alarmed that six in ten French ignore able to choose another electricity supplier EDF, GDF, or for gas, four years after market opening to competition.

The introduction of competition in the energy sector is still too little known to consumers. Four years after the introduction of competition in the gas market and energy, only four in ten French have clearly identified that they could choose another supplier EDF for electricity or gas to GDF, notes the Energy Ombudsman, which publishes its annual survey Thursday. Since 2007, this proportion increased by only seven points, and not at all this year. The transition to competition is even more difficult than 80% of respondents are unaware of how to change operator.

A surprising lack of information, while the French are more than ever attentive to the amount of their gas bills and electricity. Three quarters of respondents feel their energy as a major concern. Remember, the regulated prices of gas rose by 5.2% on average in April. Over one year the increase amounted to more than 20%. As for the electricity bill, it was inflated in 2010 and 2011 by several successive increases in regulated prices.