Barack Obama was not convincing, is the least we can say. Despite these reassuring words about the future of the U.S. economy, U.S. markets were closed Thursday's session, down sharply: the Dow Jones lost 1.08% and 1.30% Nasdaq loose.
The three major indexes in New York posted strong gains Wednesday.
Eight banks covered by a survey: the markets punish
The Attorney General of New York has opened an investigation into eight banks, including Credit Agricole, to determine if they had provided misleading information about their mortgages before the subprime crisis, "according to The New York Times.Goldman Sachs (-1.73% to 144.65 dollars), Morgan Stanley (-0.65% to 27.62 dollars), UBS, Citigroup (-2.15% to 4.09 dollars), JP Morgan & Chase (-2.16% to 40.79 dollars), Credit Suisse, Deutsche Bank, Bank of America-Merrill Lynch (-1.29% to 16.85 dollars) and Credit Agricole in the crosshairs.
The dollar continued its rise against the euro
The euro fell Thursday to a level that was hers before the announcement of the stabilization plan of the European Union and the International Monetary Fund (IMF).The single currency was trading at 1.2531 dollar, near its lowest level reached before the announcement of the aid plan for the euro area.
Decline in number of unemployed weaker than expected
The resurgence of the greenback is supported by the fourth consecutive decline in the number of newly unemployed in the United States, according to figures released Thursday by the Labor Department in Washington fast payday loan. The ministry said 444,000 new jobless claims were submitted from May 2 to 8, or 0.9% less than the previous week (in seasonally adjusted data).
Oil prices opened sharply lower Thursday in New York, a barrel of benchmark lost 1.47 dollars to 74.18 dollars. Wednesday crude inventories rose 1.9 million barrels to 362.5 million.Economists on average had expected a rise of 1.3 million barrels.
Contracts awarded on the prudence of Cisco
The Japanese electronics giant Sony (-5.14% to 31.53 dollars) confirmed Thursday that ended the 2009-2010 fiscal year brought a net deficit of 40.8 billion yen (312 million euros ), reflecting a return to the green on the plan of operation, through reductions in fixed costs. Sony also said Thursday that he hoped to finish the fiscal year began last April, and will be closed in March 2011, a net profit of 50 billion yen (about 400 million euros).
Cisco (-4.53% 25.53 dollars) has announced its profit jumped 63%, but its CEO said that caution was in order.