He risque to be heckled as in the past week

Equity markets resumed their rise in forced March. And yet, this progress has never been as fragile, because of a sluggish economic recovery. How far will they go Stock indexes were aligned two consecutive weeks of gain. The Dow Jones won 2.46 on five days, at the end of a positive Friday session of 0.72, to 10.270,47 points. He touched a new peak annuel and evolves on its levels of October 2008. The other American markets advanced in the same proportions. The Nasdaq took 0.88, to 2.167,88 points, and increased its weekly score to 2.62. During this time, the & S P 500 conducted respectively 0.57 and 2.26.

Yet, the Friday session might switch in red, both the consumer confidence index, calculated by the University of Michigan, has proved wrong. It fell from 70.6 points in October to 66 points in November, while economists projected an appreciation to 71 points. The indices then made an incursion in the Red before be revived by a series of better than expected results. In Disney first of all, and then from the chain of Abercrombie & Fitch clothing, not to mention the JCPenney distributor encouraging forecasts.

Stakeholders saw these figures a beam of hope in household consumption, lacking economic restart scenario. The French antenna of the Fidelity Manager believes yet in this recovery. "Three positive factors strengthen the recovery of the world economy: copper and oil prices rising, due partly to the weakness of the dollar and GDP in China higher than expected growth;" the recent increase in the cost of freight, which reflected a recovery in industrial activity; the slowdown of the decline in prices, with a slight improvement in inflation, which could reassure investors and stimulate a recovery of consumption, said David Ganozzi, the Director-General. Remains that consumers still feel vulnerable by high unemployment and require that the labour market is improving for that confidence to come back.

Strong expectation today

So that the operators will scrutinize retail sales, published today. The consensus of analysts expect even a strong rebound in October with a gain of 0.9, after a decrease of 1.5 in September. The expectation is high, attention therefore to the disappointment. -Side statistics, this week is particularly busy, as are also planned this day the stocks of companies and the Empire State study. Tomorrow, production, industrial production prices and the survey of NAHB proponents will take the relay. Wednesday, it is the turn of the price of consumption and of housing starts. Before concluding, on Thursday across the Atlantic, with the leading indicators. On this side of the ocean, inflation will be honoured.

And the dollar in it. He risque to be heckled, as in the past week. The greenback barely be slimming. The euro succeeded in refranchir 1.50 dollar, as three weeks ago, before abandoning a little field and finish 1,4928 dollar, Friday night. But the American currency was accused at the time of the announcement, before the weekend, a little more increased trade deficit. In addition, the absence of prospects for a rebound in the rate of interest in the United States does not support the. And is not the case for Chinese, whose réserves dollars are important and the related currency. An appreciation of the yuan would be welcome, considered the patron of the IMF, Dominique Strauss-Kahn on the sidelines of the Asia Pacific Economic Cooperation (Apec) to Singapore Summit, this weekend. The intervention of Ben Bernanke, today, at the Economic Club of New York, should not lead to a change in the monetary policy of the US Federal Reserve. Rates will remain low, to not hamper recovery. On the other hand, investors expect statements on new measures to stimulate the economy. The Governor of the New York Fed, William Dudley, suggested Friday that the Central Bank could provide a "liquidity backstop" system, that is to be a lender as a last resort for companies with of sufficient collateral.