Franse werkloosheid onverwacht sterk gestegen

Franse werkloosheid onverwacht sterk gestegen


(Source DFT, De Telegraaf) PARIJS (AFN) - De werkloosheid in Frankrijk is in het laatste kwartaal van vorig jaar onverwacht sterk gestegen tot 8,2 procent van de beroepsbevolking. Dat maakte het Franse bureau voor de statistiek donderdag bekend.
Een kwartaal eerder zat 7,6 procent van de Franse beroepsbevolking zonder baan. Analisten hielden voor het vierde kwartaal rekening met een stijging tot 7,7 procent. Het aantal werklozen in Frankrijk nam, afgezien van de overzeese departementen, in de laatste drie maanden van het jaar met 187.000 toe tot bijna 2,2 miljoen.
Werkgevers verwachten dat de werkloosheid de komende maanden door de economische recessie steeds sneller zal oplopen. Vorige week maakte het Franse ministerie van Werkgelegenheid al bekend dat er alleen in januari van dit jaar alweer 90.000 nieuwe werklozen bij zijn gekomen.

French January jobless figures at historic high
Wednesday 25 February 2009
The number of unemployed people in France jumped 90,200 in January (+4.3%), according to figures released by the economic ministry.

World stock markets rebound on Chinese stimulus hopes, Shanghai leads recovery

World stocks rebound on China stimulus hopes
Wednesday March 4, 6:43 am ET

World stock markets rebound on Chinese stimulus hopes, Shanghai leads recovery

LONDON (AP) --(From Yahoo Finance) Stock markets in Europe and Asia rebounded Wednesday amid mounting hopes that China will soon announce a big stimulus package that could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and top of the agenda is what the government can do to lift growth rates, which have fallen in the wake of the global economic downturn. As one of the few major economies still expanding, China is being closely watched amid hopes its demand and trade can help the world weather the most severe global slowdown in decades.

Chinese shares led Wednesday's advance, with Shanghai's index jumping more than 6 percent to close at 2,198.11.
"Obviously, this unusual rally suggests that investors are overly optimistic about what to expect from the legislature. They think the government will do more to boost spending to stimulate the economy," said Peng Yunliang, an analyst with Shanghai Securities in Shanghai.

Elsewhere in Asia, Japan's Nikkei 225 stock average was up 61.24 points, or 0.9 percent, to 7,290.96, while Hong Kong's Hang Seng added 297.27, or 2.5 percent, to 12,331.15. South Korea's Kospi climbed 3.3 percent to 1,059.26.
Markets in Singapore, Taiwan and New Zealand also gained. Australia's index shed 1.6 percent.
In Europe, the FTSE 100 index of leading British shares recovered from six-year lows to rise 66.42 points, or 1.9 percent, to 3,578.51, while Germany's DAX was up 99.38 points, or 2.7 percent, at 3,790.10. The CAC-40 in France was 54.05 points, or 2.1 percent, higher at 2,608.60.

The Markets today (March 3, 2009, 19.00 CET)

Asian Markets closed slightly down with the exception of the Shanghai market (minus 2.30 percent).
European Markets were in the green most of the day but turned red after Wall Street 's opening. However the losses were limited except for the Footsie with a more than 3 percent loss.
In Amsterdam the AEX closed just above the 200 points level at 202.57 with a 3 percent loss.
Wallstreet was up at the beginning of the morning session, than turned negative and is now (19.00 CET, Amsterdam) hoovering around yesterday's close and going down again.
Ford came out with a dismal report about the February U.S. car sales which fell 48 percent despite huge rebates and low-interest financing.

Governments must maintain reforms for long-term growth during crisis, says OECD

Governments must maintain reforms for long-term growth during crisis, says OECD

Watch the webcast of the press conference

03/03/2009 - The current crisis offers governments the opportunity of combining emergency action with the important structural reforms needed to improve long-term growth and resilience in their economies, according to OECD’s latest Going for Growth.
"The debacle in financial markets does not call into question the beneficial effects of recommended reforms of product and labour markets”, said OECD Chief Economist Klaus Schmidt-Hebbel. Read his speech in full.
Going for Growth identifies key reforms to raise living standards in each OECD country. It points out that a number of policies, if carefully implemented, can both boost demand in the short term to soften the impact of the recession, and also raise economic growth over the long term.
http://interwebcast.oecd.org/conferences/1_403/en/event_medias/video.wvx

The Markets Friday January 23

The Markets Friday January 23
The Far East Markets were weak, Tokyo (Nikkei) drops 3.81 percent.
European Markets were all down (Amsterdam 14,30 GMT, on the AEX only KPN was up 1.44 percent, the index was down 2.7 percent), FTSE 100, DAX, CAC 40 off between 2 and 3.10 percent.
The futures outlook for Wallstreet indicates an opening with heavy losses.

Google's Fourth-Quarter Earnings Beat Expectations

Xerox 4Q profit plunges, misses Wall Street view
GE 4Q profit falls 46 pct, adjusted net meets view
Harley to cut 1,100 jobs as 4Q profit falls
Samsung Electronics reports first quarterly loss

Bad day for the markets in Europe and the U.S. (Jan 14th)

Bad day for the markets in Europe and the U.S.

European Markets were hit by the bad news from the U.S. and sank between 4 and 5 percent today. Walstreet got hammered by the bad news from the retail sector and continuing worries about the banking sector.
At this hour (Amsterdam, 21.20 CET) the main U.S. indexes are down well over 3 percent with the NASDAQ going to minus 4 percent. The DJIA is going towards the 8000 level again.
The outlook for the Asian Markets tomorrow looks pretty grim.
Oil dropped below $37.- on economic worries, bulging inventories and lower demand forecasting. Google shares kept barely above $300.-.
We saw today even signs of worry from the Dutch Government, they are beginning to understand the Netherlands cannot escape the recession.