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Evergrande debt: with $ 300 billion in loss, what are the real consequences of its bankruptcy on the world economy? providing an answer requires understanding the structure of this group and its impact on the Chinese economy. The revelation of the colossal debt of the second Chinese real estate company creates a wind of panic on the various stock markets and the world economy. The memory of Lehman Brother in 2008 resurfaces and alerts the financial centers. #KomptradeNewsevergrande. On September 15, 2008, the US bank Lehman Brother, in deficit of $ 600 billion, declared bankruptcy and dragged the entire world economy in its wake. The markets are wondering if this scenario can be repeated with Evergrande, the Chinese real estate company. This spectacular event has its roots in an older crisis - that of “subprime” mortgages. These subprime mortgage financings were sold to households whose solvency was guaranteed by the value of the property acquired, which was supposed to grow continuously. The institutions which granted these loans then “securitized”, otherwise called cut up and then resold in the form of more liquid instruments, to a multitude of investors noted for their high yields. In China, Evergrande is the second largest real estate developer group, the two crises having for origin the real estate sector, it was enough for the stock market operators to mix and expect a "bis repetita" of 2008. Let's compare the two bankruptcies and their background: Evergrande vs. Lehman Brothers On September 15, 2008, deficit of Lehman Brothers: $ 600 billion. On September, 2021, deficit of Evergrande: $ 300 billion. The impact of $ 600 billion on the world economy in 2008 is not the same as a deficit of $ 300 billion in 2021, moreover Lehman Brothers' interactions with financial institutions in the world are different from those of Evergrande which is in fact a real estate developer in China. The only similarity between the two crises is the origin, the real estate sector. The regulatory mechanisms in China are different from those in the United States. Getting to know Evergrande Evergrande Real Estate Group is the second Chinese real estate developer created in 1996 at Canton and headed by Xu Jiayin. The group owns 1,300 projects in 280 cities, and pledged to build 1.5 million homes. Evergrande is a group that employs more than 3 million people directly or indirectly. These activities are not limited to real estate and extend to electric cars, mineral water, sports, asset management and more... Evergrande is the most indebted real estate developer in the world, its growth was made on the basis of borrowing taking advantage of the rise in real estate prices. How Evergrande Works. Evergrande is a real estate developer, the group borrows money to buy the land and taking advantage of the rise in real estate, sells the properties basis on plan so they can borrow again. The group's creditors are as much the banks as millions of buyers who have advanced the total price of housing and thousands of suppliers and subcontractors. This system is therefore based on perpetual borrowing and needs access to credit to continue. the culmination of this system was therefore logically, a strong real estate speculation and led the Chinese authorities to adopt measures to regulate the sector of activity. Already in October 2017, Chinese leader Xi Jinping declared: "Housing is for living, not for speculating". The reasons of over-indebtedness. In order to stop real estate speculation, the Chinese authorities took a number of measures in 2020 that limit access to credit for the most indebted developers, the objective being to limit the leverage effects and reduce the risks posed. by the real estate sector on the financial markets. system. it was a big problem for the Evergande group because debt is its main source of liquidity. First alert in 2012. Already in 2012, the firm Citron Research had expressed doubts about the reassuring figures announced by the Chinese real estate giant and had even spoken of "insolvency", Citron Research will finally be condemned by a court in Hong Kong for having spread fake news. Evergande's debt continued to rise, especially in 2015 when China experienced a financial crisis. Evergrande struggles to reduce its debt afterwards. Last year, the Covid-19 crisis worsened the situation with the forced closure of the shopping centers it manages. In August, he had already warned the provincial government of Guangdong , that it risked not being able to honor its payments due in January 2021, and that this could send a shock wave in the financial sector. When this became known, at the end of September 2020, the shares and bonds of the group unscrewed. Evergrande shares lost nearly 15% in two days on the Hong Kong Stock Exchange. Part of its creditors having given up forcing a repayment of 13 billion dollars, the group then avoided the worst. But its financial situation has only worsened and the rating agencies now fear a default. The group urged by the authorities to repay these debts tried to sell part of these assets without finding a buyer. Which consequences on stock exchanges and financial markets. Can Evergrande go bankrupt? This is the big question. Evergrande was observed this week as he was supposed to pay a share of the interest to his creditors. Its ability to honor this debt is important. On Monday 20/09, the world stock markets turned red, starting with the Hong Kong stock market which closed at -3.30%. The share has fallen by nearly 84% since the start of the year, testifying to the anxiety of financial centers regarding the situation of Evergrande with a risk of investor flight leading the group to bankruptcy. Will the Chinese state let such a monster collapse? Concerned about the financial situation of large companies, Beijing wants to avoid unwavering support that would save the company but send a worrying message to the markets: that of a disempowerment of large groups in the face of their debt. The repercussions on the bond markets A payment default by Evergrande would be a shock to the second largest bond market in the world. Yields on dollar bonds issued by other risky Asian companies climbed nearly 12% this week, according to the Ice Data Services Index, the highest level since the start of the pandemic. Wednesday 22/09, Evergrande somewhat reassured by announcing that it had reached an agreement with the Chinese bondholders on the payment of the equivalent of 35.9 million dollars of interest. However, the group still had to pay $ 83.5 million in interest on Thursday, 09/24, on its $ 20 billion bonds. A crucial deadline that Evergrande does not seem to have met. The group made no sign of paying the coupon. Uncertainty therefore remains as to the promoter's future. Evergrande now has a 30-day grace period before an official defect. The impact of evergrande on financial markets. Bankruptcy would mean letting down many creditors. Some of the gigantic debt is held by Chinese banks, which have themselves outsourced their obligations to third parties. A failure will therefore be an earthquake for the financial system of the second largest economy in the world with the risk of seeing certain establishments in turn fall. Above all, bankruptcy could have several worrying repercussions. Half of the debt has been contracted with individuals who have made purchases on plans for homes that will never be made and will lose their investment, which in turn has often been borrowed. It is therefore a major crisis in Chinese real estate that worries, with the key to falling prices and a devaluation of bank mortgages. There are many links in the chain: the real estate slowdown is already affecting Chinese and Australian steel producers, for example ... In fact, Evergrande can drag down all of Chinese real estate, which accounts for 28% of the country's economy and 40% of household assets. Should we fear a global economic crisis Beyond China, many foreign investors have lent money to Evergrande. In the event of bankruptcy and debt restructuring, they will undoubtedly be compensated last. But a default is not yet seen by most analysts as a new Lehman Brothers. Most analysts believe that the impact of an Evergrande restructuring should be limited for banks and bond investors alike. Moreover, “the connection between Chinese financial markets and others is less than what we see in the Western world. A last-minute reaction from Beijing is also not to be ruled out to give the indebted group a little air and avoid an unmanageable situation. Likewise, Chinese banks are showing enough strength on paper to withstand the shock. What to prevent the disaster? In summary, if Evergrande's bankruptcy is confirmed, which is not yet the case, the impact should not be comparable to that of Lehman Brothers.

El Salvador legalizes Bitcoin, IMF warns! While Bitcoin has just lost nearly half of its value in less than two months, El Salvador has thrown a stone in the pond, becoming the first nation in the world on Wednesday to establish Bitcoin as legal tender. High variability in Bitcoin value with a clear upward trend in recent weeks, BTC above US $ 70,000 at year end? An announcement that shocked the IMF, which warned Thursday against the high risks of using such an instrument, unregulated and ultra-volatile, in everyday life. Content Bitcoin, which peaked in April at over $ 64,000 has since fallen below $ 30,000 in May before climbing back to around $ 36,000 in recent days. The Salvadoran Congress approved on the night of Tuesday to Wednesday by 62 votes out of 84 the proposal to adopt cryptocurrency as legal tender. The project was defended by President Nayib Bukele in order to "boost the national growth" of this small Central American country where 40% of the population lives below the poverty line. For Mr. Bukele, Bitcoin will notably allow many Salvadorans living abroad to send money to their families. He nevertheless assured that the US dollar, the main currency used in the country, would continue to be used. Bitcoin legalization is expected to be effective in 90 days and will eventually allow "crypto" to be used for many aspects of daily life, from buying real estate to paying taxes ... Support of nearly $ 1 billion in discussion with the IMF As soon as the law was passed, a spokesperson for the International Monetary Fund warned Thursday of the risks of using Bitcoin for everyday transactions. “The adoption of Bitcoin as a legal currency raises a number of macroeconomic, financial and legal issues, which require very detailed analysis,” said spokesman Gerry Rice. "What we have said in the past, in general, is that crypto assets can pose significant risks. Effective regulatory measures are crucial to address them," he added. In April 2020, the IMF approved a package of emergency aid amounting to 389 million dollars for El Salvador, as the coronavirus was spreading all over the planet. IMF team due to meet with President of El Salvador on Thursday over approval of new aid package of nearly $ 1 billion to support economic recovery from current crisis

Crypto-active projects that could become "majors" of an embryonic market In cryptocurrency trading, KYCs become mandatory. Proof that regulation is underway Content Top 5 best cryptocurrency 1 - Bitcoin: the first cryptocurrency, Bitcoin BTC with 47% market share, is undoubtedly the number 1 in the cryptocurrency world, moreover some of the leading commercial players today are increasingly turning to Bitcoin. After a brief lull, its value started to rise again and the forecasts are impressive. 2 - Ethereum (ETH) The second cryptocurrency with a market capitalization of about $276 billion, and a share of the overall crypto market, is about 18%. Ethereum allows users to create smart contracts that automatically execute when certain conditions are met. The potential to cut out third parties such as banks, brokerages and clearinghouses makes Ethereum an exciting, money-saving platform. The rising tide of DeFi (DEcentralized FInance) should continue resulting in higher usage of this platform. 3 - BCH Bitcoin Cash The essential difference between Bitcoin (BTC) and Bitcoin cash (BCH) being the size of the block which at BCH was smaller, this small size of the data "blocks" on the BCH, was capped at 1 megabyte thus slowing down transactions and increasing fees, has ended since the separation from the parent company. 4 - Cardano (ADA) Cardano is a decentralized blockchain platform that uses a native cryptocurrency, to enable secure peer-to-peer transactions. It was founded in 2015 by Ethereum co-founder Charles Hoskinson. Cardano, with $43 billion is the fifth-most valuable cryptocurrency, is transitioning toward enabling smart contracts that should be fully operational by fall 2021. 5 - Dogecoin (DOGE) The cryptocurrency has surged about 4,000% this year, making it the eighth-largest cryptocurrency by market cap. Its price peaked in early May at more than 70 cents, though it has since pulled back. Dogecoin's price remains well below a dollar because of its larger circulation and unlimited capacity to mine more. While Bitcoin is capped at 21 million coins, there are 130 billion Dogecoins in circulation already, with new blocks available to mine each year. Although wildly speculative, Dogecoin has a much faster mining rate, or hash rate, than Bitcoin, giving it some quantifiable advantage over the BTC.

The shortage due to the truck driver crisis extends to fuels, British Petroleum (BP) and ExxonMobil rationalize fuel distribution. Fruits and vegetables, toys, poultry and now… fuels. The supply crisis that has hit the UK since this summer has spilled over to BP. The British oil company said in a statement Thursday that it would have to ration deliveries to its service stations, due to the shortage of truck drivers which has worsened since Brexit. ExxonMobil does the same. #KomptradeNewsBritishshortage. Faced with the widespread shortage that is raging in United Kingdom, a movement of panic is forcing the authorities to take measures. The UK government's visa flip-flop would come too late to avoid disrupting Christmas, leading to fears of a supply chaos. Boris Johnson then gave the green light to temporarily lift visa restrictions for foreign drivers, although no decision has yet been confirmed. The origins of the crisis. The long-standing shortage of truck drivers in the UK has been exacerbated by Brexit and Covid. Part of the foreign workforce returned home during the pandemic, and could not return due to the new visa rules. At the same time, driving license exams have been slowed down by the restrictions, leaving the UK to run out of 100,000 drivers, according to the transport federation. Professionals are calling for an extension of exceptional visas to truck drivers, as seasonal workers and medical personnel can already benefit. The government rejects this proposal, while the end of partial unemployment could rebound the number of unemployed people by the end of the year. Some believe that in the United Kingdom, it is already too late to save Noel.

Germans started voting on Sunday 26/09 to nominate Chancellor Angela Merkel's successor. The German electorate is divided and the main parties will surely have to engage in negotiations to form a coalition This Sunday 26/09, the Germans elect a new chancellor who will replace Angela Merkel after 16 years in power as chancellor. In this election, the Social Democrats (SPD) are slightly ahead, with 25%, the conservatives credited with 22% to 23%, a record low, according to final polls. The competition between social democrats and conservative turns out to be very tight and these are two different visions of Germany which clash with consequences on European politics. #KomptradeNewsgermanelection. AThe results of sixteen years in power for Angela Merkel, in four terms as head of government. Angela Merkel is at the height of her popularity. Her style embodies a reassuring stability for many voters, hence her affectionate nickname "Mutti", "Mum. The Germans started voting on Sunday to nominate Chancellor Angela Merkel's successor and possibly end sixteen years of Tory rule. The German electorate is divided and the main parties will surely have to engage in negotiations to form a coalition, which could take several months, leaving Angela Merkel to act in the chancellery. Campaigning in his constituency of Aachen alongside Angela Merkel, Conservative candidate Armin Laschet, president of the largest region, North Rhine-Westphalia, said on Saturday that a left alliance led by the Social Democratic Party (SPD) with the Greens and the Party of extreme left Die Linke would destabilize Europe. "They want us to get out of NATO, they don't want this alliance, they want another republic," said Armin Laschet. His main rival, the Social Democrat Olaf Scholz, who seems favorite and voted in Potsdam, not far from Berlin, wanted to see in resplendent time "a good sign" for the center-left, craftsman since the summer of an unexpected comeback. In the same constituency, the Greens candidate Annalena Baerbock, 40, came to vote in the middle of the day. It is "a celebration of democracy today," she said. "All of Europe is watching us". The Greens should be content with third place, with around 17%. For the first time since the 1950s, the support of a third party should be necessary to form a majority coalition. The name of the future chancellor and the composition of his probable majority thus risk not being known as of Sunday evening and long negotiations will be necessary in the coming months to form the future team in power. With the risk of leading to European paralysis until the first quarter of 2022. After keeping away from electoral competitions, the Chancellor has multiplied the gatherings to put her popularity, always at the zenith, in the service of Armin Laschet. In a Bundestag that promises to be very fragmented again, a tripartite coalition is likely. The latest opinion polls gave the Social Democrats a narrow lead, but the Tories have narrowed the gap in recent days and many voters, nearly one in three, were still undecided. According to the most likely coalition scenarios, the SPD or the conservative Christian Democratic Union (CDU) bloc and its Bavarian CSU allies would have to ally with the Greens and Liberals of the FDP to have a majority government. An alliance between the SPD, the Greens and the FDP would be particularly difficult to set up, the liberals diverging with the other two parties on many key points, such as financing an acceleration of the ecological transition by issuing debt. , the increase in the taxation of the rich or that of the minimum wage.

On 9/27/09 at 09:00 GMT, the Euro was down 0.26% to $ 1.1689. This is a first consequence of the result of the elections in Germany. The market reacting to the period of uncertainty that sets in while waiting for the formation of a coalition. The reasons for the euro's decline are: on the one hand the German legislative elections, the largest economy in the euro zone entering an area of ​​uncertainty, while negotiations for a former coalition could drag on and on the other hand, waiting for the Fed's announcement and the risks of inflation. #KomptradeNewseurogetdown. Inflation in the United Kingdom: the Bank of England could raise its rates from February 2022. According to Neil Wilson "If the markets have overinterpreted the BoE's message on the timetable for the hike, Governor Andrew Bailey will be able to temper expectations when he speaks tonight" We believe that the pressure on EUR / USD can also be explained by renewed interest in the greenback since most of the major currencies are below their performance, ahead of numerous interventions by Federal Reserve officials. . The governors of the main financial centers will announce the rate hike for the coming years, no change in monetary policy or in Tapering is to be expected. Calendar t should be noted that the market is waiting for: - the announcement Monday 27/09 and Wednesday 29/09 from John Williams of the New York Fed. - Tuesday 28/09 and Wednesday 09/29 from that of Jerome Powell. - Monday 27/09, Christine Lagarde, will address the European Parliament. Investors are also awaiting several economic statistics including the Conference Board's consumer confidence index on Tuesday and the ISM manufacturing index and PCE core inflation on Friday.

Since the pandemic, in anticipation of inflation, central banks will raise rates, the Norwegian Central Bank has led the way. States borrow on less favorable terms, interest rate hikes set to accelerate after Federal Reserve meeting #KomptradeNewsinflation. « Thirteen central banks are considering withdrawing support for the economy this week.». Inflation reminder. inflation is due to an increase in the prices of consumer products in relation to the financial capacity of consumers, in order to control it, the emphasis is on reducing consumption by making savings more attractive by increasing rates , which pushes people to save more than to consume and thus reduce consumer prices. The Norwegian Central Bank is the first to increase its key rate from 0% to 0.25% and expects a further increase every quarter to reach a rate of 1.5% by the end of 2022. Banks stop supporting the economy. Norway having experienced inflation of 3.4% in August and a return to normal in its economy, Inflation is accelerating The rate hike accelerated last week after the Federal Reserve (Fed) meeting. The US Central Bank has signaled that it will decrease its asset purchases from November. One of the factors which aggravates inflation is the price of energy which continues to increase, this with the approach of winter in Europe. In August in the United States, the increase in consumer prices reached 5.3% in one year. In the euro zone, inflation was 3% in August. According to the statistical office of the European Union (Eurostat), an increase of 3.3% is expected in Europe for the month of September. Rising inflation prompts investors to anticipate central bank tightening. The Fed announced the reduction of its purchases (tapering). However, this rise in interest rates was expected and does not constitute a surprise in itself. rates should continue to rise, both in Europe and the United States

The New York Stock Exchange ended lower on Friday after the release of an indicator that net job creation was well below expectations in September, USA: net job creation below expectations in September, the uncertainty over the buyback of public debt by the Federal Reserve worries investors. #wallstreet0810. USA: with 235,000 jobs in August, the decline in job creation figures is confirmed, pulling Wall Street in its wake. Official figures showed, this Friday, a clear slowdown in job creation in the United States, last August, which indicates a backlash from the pandemic of the new Delta variant of the coronavirus, which does not It was not enough to convince investors that the Federal Reserve could delay the slowdown in its public debt buyback program expected in November. Slowdown in employment growth, 194,000 non-agricultural jobs created against 366,000 in August and 500,000 expected, consequences: The Dow Jones index fell 8.69 (0.03%) points, to 34,746.25 points. The S & P-500 lost 8.42 points (0.19%), to 4,391.34 points. The Nasdaq Composite ceded 74.48 points (0.51%) to 14,579.54 points. In question, the slowdown in the buyback of bonds by the Federal Reserve in November. Following this announcement, the market thought of a delay in a rate hike by the US Central Bank (Fed), but a more precise analysis of this publication of employment figures shows that it is mainly the destruction of jobs in education (161,000), which has an impact on the overall indicator of net job creation. Finally, by removing from the report the figures relating to the destruction of teaching jobs, investors realized that this report was ultimately positive and gave them confidence, this limited the decline of Wall Street.

The US economy created 235,000 new jobs in August, in absolute terms, the lowest job creation rate since February 2021. Official figures showed, this Friday, a clear slowdown in job creation in the United States, last August, which indicates a backlash from the pandemic of the new Delta variant of the coronavirus, on the most big world economy #USAJOBAUGUST. USA: with 235,000 jobs in August, the decline in job creation figures is confirmed, pulling Wall Street in its wake. In its latest monthly report, the US Department of Labor said the US economy created 235,000 jobs in August, the smallest monthly increase since February 2021, when just 49,000 jobs were created. The market initially saw a deep disappointment, which pushed back the prospect of a rate hike by the US Central Bank (Fed), but above all painted an unflattering picture of the US economy. But as the hours passed, investors dismissed the figure for job destruction in education (161,000), which weighed on the overall indicator of net job creation. According to new data, the unemployment rate edged down from 0.2% to 5.2% in August, from 5.4% in July. Despite the significant drop in the unemployment rate from its peak in April 2020, when it reached 14.7%, the rate in August is still well above the level of 3.5%, recorded before the pandemic in February 2020. The Labor Ministry attributed the figure of new jobs created in August to "notable job gains in professional and business services, transport, storage, private education, manufacturing, among other services." However, the Labor Department said job losses in retail, one of the industries most affected by the Delta variant outbreak. Markets are eagerly awaiting the state of employment report in the United States, in an attempt to guess the direction of the Federal Reserve (the US Central Bank) on plans to cut stimulus and hike rates. of interest. Federal Reserve Chairman Jerome Powell said last Friday that the US economy is on track to regain full employment capacity, adding that the Federal Reserve may start cutting back its bond buying program. by the end of this year. But Powell said the upward trend in inflation is "temporary, and we are in no rush to raise interest rates." Markets at the time interpreted Powell's statements as a sign of continued monetary easing for a longer period of time than previous hints by Federal Reserve officials suggested. The weak employment growth, highlighted by today's data, is more in line with the statements of the Fed chairman.

Raising the debt ceiling in the United States, inflation, China Evergrande real estate, instability in energy prices, inconsistency in economic indicators. At the start of the week, the markets were up very slightly mainly thanks to the energy sector. At the end of the week, the mixed results of employment figures in the United States, the continuing situation of Evergrande in China, and confirmed inflation all contributed to lower investor confidence. #WEEKLYMARKET. Market down, but energy sector up sharply, with oil trading at $ 78 and oil and gas companies rising sharply. 04/10/2021 US equity markets widen their losses at mid-session. Persistent inflationary pressures, the risk of faster-than-expected monetary tightening and the Evergrande saga in China. As a sign of this renewed nervousness, the yield on the 10-year US Treasury bill rose 1.8 basis points to 1.481%. Tesla escapes the decline thanks to record deliveries. The Dow Jones fell 1.4% to 33,846.77 points. The Nasdaq lost 2.5% to 14,202.62 points. On a New York spot in the red, Tesla climbs up 2.53% to $ 794.51 per share, after deliveries in the third quarter of 2021 and delivers 241,300 vehicles over the period, an increase of 20% from report to the previous quarter. This is more than the forecast of 223,677 deliveries. In the United States, industrial orders in August climbed 1.2%. Economists were forecasting an increase of 1% after + 0.4% in July. Excluding transport, industrial orders rose 0.5% after + 0.8% in July. Inflationary pressures, the volatility of bond yields, as well as the slowdown in global economic growth as well as the potential bankruptcy of the Chinese giant Evergrande are also plaguing the markets in Europe. The rebound will not have taken place on European stock markets, which started the week in negative territory. Thus, the CAC 40 fell 0.61% to 6,477.66 points and the EuroStoxx 50 lost 0.78% to 4,003.71 points. The trend is even more degraded on Wall Street, where the Dow Jones drops 1.39% and the Nasdaq Composite -2.52%, at the end of the afternoon. The Sentix index, which measures investor sentiment in the eurozone, fell more than expected in October, dropping from 19.6 to 16.9, while the consensus anticipated a smaller decline to 18.6. Pepsico 05/10/2021 The New York Stock Exchange rallied Tuesday morning, as investors seemed determined to seize the buying opportunities offered by the recent equity pullback. Facebook Facebook stock is expected to rebound after losing nearly 5% due to the outage that affected the social network and its main products, WhatsApp and Instagram for several hours. Facebook has blamed a problem with a network setup. “This disruption in network traffic has had a cascading effect on the way our data centers communicate, causing our services to stop,” the company explained. At the end of the morning, the Dow Jones gained more than 1.2% to 34,427.4 points, while the Nasdaq Composite was awarded nearly 1.5% to 14,467.7 points. The rebound is mainly supported by technology stocks, with notably marked gains for a few strongholds of Netflix (+ 4.3%), Nvidia (+ 3.3%) or eBay (+ 2.5%). Johnson & johnson Like Pfizer and Moderna, Johnson & Johnson has presented data to the FDA for an emergency authorization to use a booster dose of its Covid-19 vaccine for people 18 years of age and older . Lululemon Lululemon's board of directors has approved a $ 500 million increase in its ongoing share buyback program. The share buyback program of the champion of the "yoga pants" thus increases to 641.2 million dollars. Pepsico PepsiCo has raised its annual targets despite supply chain and cost pressures. The American soda giant now expects organic growth of around 8% in 2021, compared to 6% previously. Growth in earnings per share at constant exchange rates could exceed 11%, down from around 11% previously. Excluding exceptional items, EPS is expected to rise above 12% against 12% until then. The group will continue to serve its shareholders to the tune of 5.9 billion (5.8 billion in share buybacks, 106 million in dividends). The New York Stock Exchane rebounded frankly on Tuesday under the impetus of growth stocks, primarily the digital giants, abandoned Monday in a climate of volatility exacerbated by the difficult negotiations in the US Congress on an increase in the debt ceiling of the federal state. The Dow Jones index gained 0.92%, or 311.75 points, to 34,314.67 points. The larger S & P-500 gained 45.26 points, or 1.05%, to 4,345.72 points. The Nasdaq Composite has advanced 178.35 points (1.25%) to 14,433.83 points. This is the fourth consecutive session in which the S & P-500 has fluctuated by at least 1%, one way or the other. The index had not experienced such volatility since November 2020 and seven sessions in a row with variations of 1% or more. The Wall Street rebound was largely fueled by the 1% to 2% gains of overdue digital giants Apple, Amazon, Microsoft and Alphabet on Monday. Despite attacks by US parliamentarians on its mode of operation and its impact on youth and public debate, Facebook recovered 2.1% after falling nearly 5% the day before due to a global blackout that affected its platforms for several hours. The rise of the day is fueled by the final indices of activity in the sector of services in the euro zone published by IHS Markit, and came out slightly above their initial value, at 56.4 against 56.3. As on Wall Street, European equity markets accelerated their gains. Investors are reassured by the resistance of the economies in Europe and the United States. The PMI indices (of services and composite) in September indeed surprised favorably. Despite the rates which remain at a high level, technology stocks are rebounding. This rate hike also benefits bank stocks which are pulling the indices. 06/10/2021 The gains of the day before are almost erased. The equity markets are undeniably going through a delicate phase, held back by an accumulation of negative elements. Inflationary fears benefit the dollar, which appreciates 0.43% against a basket of benchmark currencies. The euro falls back to $ 1.154, the lowest since July 2020. Wall Street moved in the red on Wednesday, in a context marked by investor concerns about accelerating inflation. This translates into a volatile level for the US 10-year yield which remains at a high level. Added to these fears is the inability of Democrats and Republicans to agree on raising the debt ceiling. In such a context, the strong job creations in September are relegated to the background. Around 5:40 p.m., the Dow Jones fell 0.99% to 33,975.62 points and the Nasdaq, -0.42% to 14,271.53 points. Alphabet (Google) Thales and Google Cloud have announced the signing of a strategic agreement to co-develop, within a new company, a sovereign cloud offer that meets the criteria of the French label "Confidence Cloud". By addressing the technical and legal aspects, Thales and Google Cloud's offer will enable the French private and public sectors concerned to acquire a cloud meeting the highest level of requirements certified by ANSSI with the "cloud de confidence ", in accordance with the French national strategy. American Airlines Goldman Sachs downgraded its recommendation from Neutral to Sell on American Airlines stock, while lowering its price target to $ 18, Constellation Brands Constellation Brands reported second-quarter fiscal 2022 profit of $ 1.5 million, or 1 cent per share, compared to earnings of $ 512.1 million, or $ 2.62 per share, a year earlier in the same era. Excluding losses from its stake in Canadian cannabis company Canopy Growth, the alcoholic beverage giant achieved EPS of $ 2.52, against a FactSet consensus of $ 2.79. Sales, however, rose 4.5% to 2.57 billion, for a consensus of 2.3 billion dollars. Dow On the occasion of its investor day, the chemical group Dow indicated that it was aiming for an increase of more than 3 billion dollars in its adjusted EBITDA by 2030. It also expects an adjusted EBITDA to debt ratio of between 2 and 2, 5. Regarding the remuneration of its shareholders, the American group plans to distribute 65% of its net profit. 07/10/2021 The equity markets are on the rise again. Investors welcome the agreement in the United States Congress to avoid default as well as reassuring statements by Russian President Vladimir Putin on gas deliveries to Europe. The US stock markets are expected to rise at the opening Thursday, in the wake of Europe and their good end of yesterday's session. Investors are reassured, temporarily, by the extension of the deadline for reaching an agreement in Congress on the debt ceiling. An agreement which, if it was not found, would force the United States to default on part of the debt and would cause a new "shutdown". By the way, jobless claims are again trending down. Thus, in pre-opening, Dow Jones and Nasdaq gained 0.96% and 1.16% respectively. HSBC raises its recommendation to "keep" against "reduce" on the title Hermès and raises its price target to 1250 euros against 1000 euros. The title closed at 1,232 euros (+ 3.66%). Conagra brands Conagra Brands reported net income in its fiscal first quarter down 28% to $ 235.4 million, or 49 cents per share. Excluding exceptional items, EPS stands at 50 cents, above the consensus which gave it to 48 cents. Revenue fell about 1% to $ 2.653 billion. Wall Street was aiming at 2.539 billion. For the year as a whole, the group anticipates net organic growth of around 1%, compared to a previously stable situation. EPS, excluding special items, is expected at $ 2.5. General Motors JPMorgan reiterated its recommendation to Overweight on the General Motors stock, with a price target of $ 77, as the automaker yesterday announced its desire to double its turnover by 2030, by developing both combustion engines, new electric models and digital services. Levi Strauss Levi Strauss last night reported net income of $ 193 million in the third quarter of 2021, or 47 cents per share, representing a more than 7-fold increase in one year. Excluding special items, earnings per share fell from 8 cents to 48 cents, while analysts polled by FactSet expected 38 cents. The blue jeans brand's sales reached $ 1.5 billion, up 41%, also exceeding consensus ($ 1.48 billion). Pfizer / BioNTech Pfizer and BioNTech have submitted an emergency use authorization request for their Covid-19 vaccine in children aged 5 to 11. The FDA will review the safety and effectiveness of the vaccine before deciding whether or not to allow the injection for this age group. Tilray Tilray widened its net loss in the first quarter of its fiscal year 2022. It stood at $ 34.6 million, or -8 cents per share, compared with a loss of 21.7 million, or -9 cents a year earlier . The cannabis producer's sales soared 43% to $ 168 million. Analysts had forecast, according to FactSet, a loss of 6 cents and a turnover of 172.6 million. The group is on track to save at least $ 80 million following its takeover of Aphria. Twitter Twitter today announced that it has entered into a definitive agreement to sell advertising network MoPub to AppLovin Corporation, a leading marketing software company, for $ 1.05 billion in cash. Jack Dorsey, CEO of Twitter, said: “This transaction allows us to focus more and demonstrates our confidence in our product roadmap revenues, but also increases our ability to invest in key products that position Twitter for growth. long-term ". 08/10/2021 The New York Stock Exchange ended lower on Friday after the release of an indicator showing that net job creation was well below expectations in September, which was not enough to convince investors that the Federal Reserve could delay the slowdown in its public debt buyback program expected in November. Facebook users are once again having difficulty accessing certain services, such as Messenger, as well as their Instagram account, the American group acknowledged on Friday, four days after the giant blackout which paralyzed the social network for six hours. In the aftermath of a nice upturn, European stock markets fell again on Friday. Thus, the EuroStoxx 50 lost 0.47% to 4,079.16 points. However, over the past week, this indice recorded gains of 1.05%. Approaching mid-session on Friday, Wall Street is moving in dispersed order: the Dow Jones gained 0.12% while the Nasdaq Composite lost 0.17%. The European markets moved on a cautious note during the morning, with investors showing some excitement ahead of the publication of US monthly jobs. Wall street: renewed optimism at the close. US equity markets extended their rebound on Thursday. Investors are reassured by the compromise in Congress in Washington on raising the US debt ceiling. Another reason for satisfaction, the decline in oil prices at a time when some evoke the possible establishment of a "stagflation" scenario, that is to say the conjunction of a sluggish economy and high inflation. partly linked to raw materials. The Dow Jones gained 0.98% to 34,754.94 points. The Nasdaq rose 1.05% to 14,654.02 points. Levi Strauss jumped 8.1% to 26.29 dollars after an excellent quarterly publication. The San Francisco firm has indeed published a net profit of 193 million dollars during the third quarter of its fiscal year 2021, or 47 cents per share, representing a multiplication by more than 7 in one year. Excluding special items, earnings per share fell from 8 cents to 48 cents, as analysts polled by FactSet expected 38 cents

Despite a failed European Cup, France adds a new trophy to its palmares: The brand new Cup of the Nations League. Thirteen months before the World Cup in Qatar (21 November-18 December 2022), the world champions have filled their trophy cupboard a little more by taking over from Portugal from Cristiano Ronaldo , sacred in 2019. #Nationsleague « France defeated Spain 2 goals to 1 on Sunday in the Nations League final, thanks to goals from Karim Benzema and Kylian Mbappé.». It is neither the Euro nor the World Cup but it is all the same an additional trophy won by the Blues. In the final of the League of Nations, France beat Spain (2-1) Sunday, October 10 at the San Siro stadium in Milan in the final of the competition. Karim Benzema and Kylian Mbappé scored for France and Mikel Oyarzabal opened the scoring for Spain. The League of Nations is a young competition which does not yet have the prestige of a European or World Cup, but the quality of the participants this year raises the level of the competition and makes France's victory all the more. more beautiful. Little opportunity and no goals in the first half The two teams led by their respective coaches Didier Deschamps for France and Luis Enrique for Spain each had a team made up of the best players, however we had a gloomy spectacle in the first half, with little action and enthusiasm, hardly any opportunity to score or even attempt, the meeting promising to be frankly gloomy with a French defense which gave an impression of feverishness and the Spaniards who did not take advantage of it, contenting themselves with passes. One of the rare events of this first half was Jules Koundé's nudge in the 31st minute, without consequences and the loss of defender Raphaël Varane, injured in the thigh before half time. The match was activated in the second half. It was not until the 64th minute to see Urélien Tchouaméni, make a raid in the Spanish camp and the recovery of Theo Hernandez, who landed on the Spanish crossbar. The Spaniards reacted to this attack by rushing into the French camp and on a deep pass from captain Sergio Busquets, Mikel Oyarzabal opened the scoring for the Spaniards in the 64th minute. Spain then led 1 - 0 and the match started very badly for the French. Of the 31,500 spectators, many were Spaniards and then gave "Olé" for this Spanish team. It was without counting on the mental of the France team which from the 66e minute will equalize with a curled strike from Karim Benzema superbly served by Kylian Mbappé, France equalize to the score at 1 -1. At the 80th minute, the second goal was signed Mbappé on a pass from Theo Hernandez, France then led 2-1 and despite a heavy pressing from the Spaniards, it will never be joined in the score.

Valtteri Bottas back on the top step of the podium. The Mercedes driver won the Turkish Formula 1 Grand Prix on Sunday, ahead of two Red Bull drivers, Max Verstappen and Sergio Perez. Valtteri Bottas back on the top step of the podium! The Mercedes driver won the Turkish Formula 1 Grand Prix on Sunday, ahead of two Red Bull drivers, Max Verstappen and Sergio Perez. Starting 11th, Lewis Hamilton limits the damage by finishing 5th just ahead of Pierre Gasly. He nevertheless cedes the lead of the world championship to his Dutch rival. #Formula1turkish2021 Lewis Hamilton limits the damage by finishing 5th just ahead of Pierre Gasly. He nevertheless cedes the lead of the world championship to his Dutch rival. Valtteri Bottas (Mercedes) won the 10th victory of his Formula 1 career on Sunday at the Istanbul circuit in Turkey. He beat the two Red Bulls of Max Verstappen and Sergio Pérez. The Dutchman took advantage of the 5th place of his rival Lewis Hamilton (Mercedes) to take back the reins of the world championship, for six points. The fight is far from over, with six races remaining to decide the 2021 season champion It’s the tenth Grand Prix victory and the first this season for Valtteri Bottas, who started from pole position and posted an error-free race. He had not won since the 2020 Russian GP. With this victory, he consolidated his third place in the championship ahead of Briton Lando Norris (McLaren), 7th in the race. Turkish Grand Prix results Starting 11th because of a penalty for an engine change on Friday, beyond the quota authorized per season, Lewis Hamilton climbed up to 3rd place before falling to 5th at the end of the race due to a bad pneumatic strategy. Like Charles Leclerc (Ferrari), 4th at the finish, he believed for a long time that he could go to the end of the race without going through the pits. But both the British and the Monegasque finally had to resign themselves to stopping, the second losing in particular his chances of victory, then of the podium. Consult here the classification of world drivers Championship after the Turkish Grand Prix Behind the Top 5, Frenchman Pierre Gasly (AlphaTauri) takes 6th place, closely followed by Norris. Spaniard Carlos Sainz Jr (Ferrari), who started last, climbed to 8th. The Canadian Lance Stroll (Aston Martin) and the other Frenchman Esteban Ocon (Alpine), the only driver to have completed the entire race with the same set of tires, completed the Top 10.