Despite signs of recovery the financial crisis is not to be finiteIn the Iraqi capital the danger is everywhereRio Tinto which has since October 2006 a 94 million units over the period 7 growth on a yearAnd agreements sometimes turn to neocolonialismSecond employer after the giant WalMart 655It is work competitiveness and better regulated worldRumours evoked Monday a difference of EUR 1The hotel is the resort place of the Dukes of Russia Yes and we want to be one of the playersThe markets know today that public authorities do more repeated the error almost a year ago to the day to let Lehman Brothers fall into bankruptcy. Monday, September 15, 2008, the fall of this prestigious banque Wall investment Street was a terrible shock wave which would end up shaking the entire planet, forcing the States to intervene in disaster to prevent the collapse of the whole of the global financial system. Twelve months later, investors have almost forgotten that they come across the most serious crisis of the credit history has known. In addition to more are convinced that a sustainable recovery, enhanced by the implementation of the Government stimulus plans and the proactive policies pursued by central banks, will emerge from the deep recession that the world economy comes through.
A surprising rebound
Little by little, stock operators found appetite for risk and return to the investment in shares that they had deserted until early this year. The lowest affected in March, major stock indexes is impressive. Most are are restated in more than 50 and are propelled to new levels for a year. Managers and analysts were so present, sometimes incredulous, the most important rebound found during a year of recession.
While stock markets remain well below their highest levels attained in 2007, just before the crisis broke. But for a majority of investors, doubt is allowed, the recovery is here and this. Of course, they will continue to be convinced to examine the economic statistics as they are published. In this regard, the release this week in the United States in August retail sales Tuesday, industrial production for August Wednesday, building permits and housing starts for the same month Thursday, as well as activity index of Federal Reserve of Philadelphia for September also Thursday will be reviewed with the utmost attention. Operators hope that these figures confirm the already perceptible signs of improvement in previous statistics consistent with the idea that the economy resumes.
Some will object that the good news are beginning to be widely anticipated, which could make the market vulnerable nouveau. These fears seem premature for now. Because the movement of reallocation of cash towards risky assets that are the actions is probably not finished. Many investors, individuals in mind, shortages by the crisis, have so far remained prudent monetary investment, whose performance is now almost zero. They are therefore largely sous-investis shares, then that approximates nearer the end of a third quarter performance to announce bright. Fear of rising, some of them could be led to take the train, which should contain any risk of decline in the immediate future.
Decline of the dollar
The environment should remain bearer shares still some time to the extent where central banks did not intend to less accommodative monetary policies, as long as the recovery is not consolidated. The maintenance of lasting low rates by the reserve US Federal, with a differential important to the European Central Bank, contributes to the decline of the dollar, which had benefited the height of the crisis of its aura of safe haven. A example of what had passed between 2003 and 2007, the return of appetite for risk and the investment in shares is now accompanied by a decline in the greenback, Vincent Ganne, analyst at IG Markets, see go test graphically in the short term the level of 1,4720 dollar to the euro, now that the major 1,4420 dollar strength has been crossed.
