Investors Still Wary Of Euro Area Problems

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.

European shares opened lower Tuesday

European shares opened lower Tuesday, after four sessions of consecutive increase in markets that remain nervous until the announcement of concrete measures to stem the debt crisis in the euro area, promised by the G20 in early November.

In Paris the CAC 40 index lost 0.49% to 7:20 GMT, at 3145.92 points, while the European indices and EuroStoxx 50 Eurofirst 300 yield 0.43% and 0.25% respectively.

Areva was down 1.7% after opening down 3.8% following news reports that the group may need to include in its accounts a new forecast.

Investors are also waiting for the results of Alcoa and the vote of the Slovak Parliament on strengthening the European Financial Stability Fund.