Unilever plc (LON: ULVR) shares are falling because of the scandalous purchase of a Sara Lee branch. Unilever plc is about 1,707.00 points, down -34.00 (-1.95%). Sara Lee Corp. (NYSE: SLE) rose to 14.94 points, gaining +0.07%.
General Electric Company (NYSE:GE) starts trading in the green zone, rising to 15.62 by +0.04 (0.26%). Cisco Systems, Inc. (NASDAQ:CSCO) shares go up to 22.41 points, gaining +0.36 (1.63%).
France is in disarray. According to opinion polls, the popularity of French President – Nicolas Sarkozy, for many decades, didn’t not fell so low. Recently resigned two ministers and parliamentary passions abound with light hand media – series of scandals added to the charges a suspect in the corruption minister of abuse of office in obtaining funds for Sarkozy’s presidential campaign.
ING Groep N.V. (NYSE: ING) located near the 10 point mark, losing -0.26 (-2.53%) last night. Company’s positive reports may cause a bullish trend today.
In the UK in May, the state budget deficit amounted to 16 billion at the expected 18 billion pounds sterling. Budget deficit in April, revised from 10 billion to 8.3 billion pounds. Net requirements of public sector borrowing in the UK in May amounted to 12 billion at the expected 20.5 billion pounds.
U.S. business TV channel CNBC made a rating of most heavily indebted countries. Experts estimated the total debt relative to GDP of the country. The top twenty of the most “heavily indebted” countries was 17 countries in Europe. The USA took only 20th place. The top rating of debtors took Ireland. Its total external debt (both private entities and state) at the end of 2009 totaled 2.32 trillion dollars. This is more than 13 times the volume of island economies (more precisely, at 1312 percent). In the second place reveals Britain. Its total debt (9.15 trillion U.S. dollars) of 426 percent of GDP.
Dow Jones Industrial Average went from minus very confident after the good news from the Eurozone. Old World reported that the threat of default in Hungary was not clear. Budapest will be able to avoid default under certain financial support from Brussels. At the time Dow Jones stood at 10,166.71 points. The loss dropped to -5.82 points or -0.06%. Also the Americans have pleased the new proposals the European oil spill response.
The negative statistics from Europe may be a factor in the fall of Dow Jones Industrial Average. Analysts say the strong dependence of the Dow Jones Industrial European employment and expect strong fall of the U.S. stock market after the opening of today’s trading.
The exchange rate euro is the main problem for Europe, in order to solve the problem of stabilizing the exchange rate of uniform European currency, officials have sweating. Is it possible collapse of the euro area? Until recently, I would say: of course not. And not because I think monetary union brilliant idea. To me he always seemed a risky project, especially after it was decided to take his country, quite unlike the founders of the north. It seems that the main forces of Europe set itself the task by all means get it to work. And now they, too, to this endeavor?
Markets in Europe were covered with Icelandic volcano ash. Europe can not get out of the crisis … This circumstance is mainly due to the fact that the bidders have decided to heed the opinion of analysts on the overvalued securities of the European region. In particular, Credit Suisse Group analysts advised clients to buy shares of European companies, and representatives of Morgan Stanley established rating better than the market “for most European markets. In turn, UBS analysts urged investors to purchase shares of German companies.