At approximately 9:10 am GMT, the action progressed LSE of 5.44% to 10.17 pounds to the London Stock Exchange, signing one of the highest increases in the index mean values ​​Footsie250 who recoiled at the same time 0.94%. For its part, the index grouping the European values ​​related to financial services lost 0.85%.

The exchange operator has reported a net profit of 442 million pounds (550.2 million euros), up 30% for its fiscal year ended March, while the annual turnover rose 10% to 680 million pounds.

These good performances are related to the acquisition last year of the FTSE International business and revenue growth of the clearing of LSE in Italy.

This publication has pushed through Numis Securities raised its recommendation on the value of "hold" to "purchase".

BTAN of the 5-year benchmark was served at an average rate of 1.72%, a record low at an auction of a 5-year benchmark. In April, Agence France Trésor, which manages the debt of the State, had issued the same BTAN at an average rate of 1.83%.

The BTAN reference to two years was awarded to the average rate of 0.74% against 0.85% in April.

AFT issued a total of 7.996 billion euros, the maximum target was announced that $ 8.0 billion.

Overall demand was strong, totaling 23.675 billion euros, giving a coverage ratio (amount requested on amount used) high of 2.96 against 2.58 in April and an average of 2.38 in 2011.

"Very good French auctions. Demand was very strong on the two years and five years, "said Peter Chatwell, rates strategist at Credit Agricole CIB

… …… "If you need to invest in euros, France is a much more attractive proposition than Germany. The coverage ratio is huge, "said Marc Oswald, strategist at Monument Securities in London, adding that this does not mean that fears about France and the euro area have disappeared ……

… "The question is whether France will fail in the next three to four years. I reply emphatically not, and on this basis, the French return to Germany is relatively attractive, "says he

…… Germany …, reference in the market for sovereign debt in the euro area, has awarded its side Wednesday 4.1 billion euros of 10-year Bund, for a total announced ; of 5.0 billion euros, the coverage ratio is set at 1.5 against an average of 1.36 since the beginning of the year ….. The Bund

…. suffers from its success as a safe haven of the eurozone. The show is made to a historically low rate of 1.47%.

Secondary market, the 10-year Bund yield fell to 1.43% Tuesday, a record low while the risk aversion wins and assuming an output of Greece in the euro area.

Strategists point out that demand is not "fantastic" but it is solid given the very low yield of the Bund.

For Michael Leister, strategist at DZ Bank in Frankfurt, where the yield spreads between French and German bonds rose, due to the political stalemate in Greece and renewed concerns about the euro area, "throughout the French bonds also benefit from the uncertainty." 

AFT has also issued 1.182 billion euros Wednesday of comparable Treasury bonds indexed to French inflation (OATi) and inflation in the euro area (OATei) of maturities in 2022, 2023 and 2027, at the top of the announced objectives (1.2 billion). Demand amounted to 3.467 billion euros, giving a coverage ratio of 2.9.

Within minutes of opening, the Dow Jones progressed from 0.16% to 12,715.99 points after having opened in the red. The Standard & Poor's, wider, gained 0.14% to 1,340.28 points while the Nasdaq composite advanced 0.28% to 2910.10 points.

New elections will be held in Greece on Tuesday after the failure of talks between political parties on forming a coalition government, announced the Greek Presidency.

This political instability increases the fears about the future of Greece and especially on a possible exit from the country of the euro area.

Given the concerns around the European debt crisis, investors were reassured, however, by a series of U.S. data on activity and consumption satisfactory.

On the values ​​front, JPMorgan progressed from 1.14% to 36.22 dollars. Increasing pressure on the CEO Jamie Dimon could be called Tuesday by the shareholders of the U.S. bank to relinquish the presidency after the loss of at least two billion dollars charged by it in response to a hedging strategy risky.

The general meeting of shareholders is held from 14:30 GMT.

Groupon soared 18% to 13.89 dollars after posting its first quarterly profit for the last three months of its fiscal year ended March. Citigroup rose to a recommendation to buy on value.

The results of Home Depot were poorly received, however, the title falling by 3.9% to 47.92 dollars. The group released a turnover in the first quarter to 29 April at 17.81 billion dollars (13.86 billion euros). This is below market expectations which relied on sales of 17.96 billion.

In an interview published in La Stampa, Pier Carlo Padoan believes that the "fiscal pact" aimed at controlling public finances in EU countries should not be renegotiated, everything ruling in favor of new rules on assessment of deficits and debt.

"Capital expenditure should be excluded from the calculation of deficits and debt. Eurobonds should be introduced, "said he, resuming his account the positions of the Italian government led by Mario Monti

….. These two ideas …. are, so far, no takers in Germany, where it is estimated that Eurobonds may be considered before a fiscal discipline is implementation in the euro area

. Pier Carlo Padoan also said that the risk of Greece leave the euro zone increased …

…… "This risk exists and is greater than six months ago," saying that the consequences of default Greece would be "catastrophic", judging the passage "irresponsible" those who minimize the consequences

.

In early trade, the Dow Jones yields 0.45% to 12,797.48 points. The Standard & Poor's, wider, lost 0.42% to 1,352.23 points while the Nasdaq composite is stable at 2933.50 points.

"Although this is an isolated incident that has nothing to do with the macroeconomic situation, this news is very painful to learn," said Tim Speiss, head of the company ; advisory wealth management EisnerAmper in New York.

"Investors need to see what impact it can have on the equity value of JPMorgan and if this is something that can disrupt the entire industry," he said.

Bank of America lost 2.7% while Citigroup was down 4.4%. The S & P financial index yields nearly 2%.

The volatility index is up nearly 20% since the beginning of the beginning of May, indicating a growing aversion to risk.

Nvidia Corp. gained 7.65% after reporting a turnover of 924.9 million dollars, higher than expected, and announced that billings would increase more rapidly than expected during the current quarter.

U.S. prices for production unexpectedly fell in April, due to lower energy prices, according to the Labor Department.

Investors expect the index preliminary Reuters-University of Michigan for the month of May.

The Board of Directors of the Franco-Belgian bank being dismantled in the day must appoint Karel De Boeck, former managing director of financial group Fortis as administrator.

The Belgian government has officially said Tuesday he wanted it to become CEO of the bank instead of French Pierre Mariani but the French authorities have not yet given ; no official position on this issue. 

The issue of governance is urgent because of a relative Luc Coene, the Governor of the Central Bank of Belgium, believes that Dexia will likely need to be recapitalized again.

Dexia announced a net loss of 431 million euros for the first three months of the year, attributable to "non-recurring items", basically the cost of government guarantees covering its financing and depreciation.

The bank said that the State guarantees French, Belgian and Luxembourg were a quarterly cost of 128 million euros.

She also recorded an impairment of EUR 145 million on its stake in Kommunalkredit Austria and an "adjustment" of € 102 million related to the sale of Dexia Municipal Agency. The property must be sold to the French state and the post office to create a new credit institution to local communities.

The Belgian government said it wants to renegotiate the distribution of 90 billion euros of financing guarantees granted to France with the new government of Francois Hollande.

Since the decision late last year to dismantle Dexia, the Belgian authorities have carried out the nationalization of retail banking activities in Belgium while France has decided to return via the CDC and the Postal Bank, the activities of local government financing.

The bank suffered a net loss of 11.6 billion euros in 2011. 

Although in sharp decline, the size of the stock of Dexia is considered by some analysts as systemic because a failure to pay the bank would have incalculable consequences for the entire sys European Banking me.

Dexia shares was opened down 5.26% Wednesday after the publication of its first quarter results

Around 11:15, the Dexia share yielding 5.26% (0.01 percent) to EUR 0.18, representing a market capitalization of 350 million euros.

The Nikkei gained 0.69% or 62.51 points to 9,181.65 and the Topix broader took 4.51 points (0.58%) to 776.57.

Monday, the Nikkei plunged 2.8%, which was its biggest drop in one day of the last six months.

The election, even anticipated by the markets, Francois Hollande to the French presidency but also the outcome of parliamentary elections in Greece, where ; no majority emerges in Parliament, had indeed been a breath of concern on Asian financial markets. 

"We do not yet know what lies ahead for Greece, we do not know what the new coalition will look like (…) and the Nikkei is not likely to surge as these uncertainties remain," said de clared Toshiyuki Kanayama, market analyst at Monex.

The action Marubeni jumped 3.77% after a source said that the fifth largest Japanese trading house was in advanced talks to buy Gavilon broker cerebral ; ales and U.S. energy for some $ 5.2 billion.

German Chancellor Angela Merkel on Sunday urged President-elect Francois Hollande to congratulate him on his victory in the presidential election and invite them to come to Berlin, told AFP the campaign manager of the Socialist Pierre Moscovici.

"Merkel has called him to congratulate him on his election. They had a first exchange and agreed to work together on a Franco-German relationship that is strong and the service of Europe," said Mr. Moscovici. "Merkel has invited him to come to Berlin, which he did soon after his inauguration," he added.

In a statement released Friday, Daimler said the decline in China was due to the low availability in this country in April of popular models like the GLK, a mid-road range, which only came out recently its Beijing plant.

"Mercedes-Benz is on track to achieve its target of double-digit growth in China in 2012," it said in a statement.

China has become the main source of earnings growth for German manufacturers. This is the most important market for Audi and BMW.

Sales of Mercedes have involved 104,344 vehicles in April, bringing to 418,246 the number of automobiles sold by the brand since the beginning of the year, an increase of 9.7%.

April is currently the lowest of the year in terms of growth. The rise in worldwide sales of the brand was 5.1% in January from 20.3% in February and 11% in March.

The activity of the French manufacturing industry remained very depressed in April, very close to its lowest level for 33 months, recorded in March, announced Monday the firm Markit in a final estimate. The manufacturing PMI rose to 46.9 points in April, even lower its first estimate (47.3 points) but slightly higher than in March (46.7 points). Located for the eighth time in the last nine months to below 50 points, it signals a contraction.  

"The weakness of the French manufacturing sector continues in April, manufacturers reporting a decline of particular concern in the volume of new orders," said Jack Kennedy, economist of the firm. Companies, he says, "Yet again, a weak domestic demand, but also report weak sales in European markets". The poor performance of French manufacturing firms resulting from a further decline in new orders in April, with a tenth consecutive month of sales and the contraction rate highest since three years, says the firm.

According to companies surveyed by Markit, this reflects mainly the weak domestic market, the foreign sales down only marginally. Reducing the workload, manufacturers continue to downsize in April, Markit adds, noting a rate job cuts at its highest level since July 2010. The purchase prices have also continued to rise in the French manufacturing sector in April, driven up by fuel prices and raw materials. Rising prices "factory" is however the lowest since three months, due to strong competitive pressures on businesses. The PMI is compiled from a survey of over 400 companies operating in the manufacturing industry in France.

Activity in the manufacturing industry has also contracted sharply in April in the euro area, falling to its lowest level in nearly three years. The PMI rose to 45.9 points in April against 47.7 points the previous month, its lowest level in 34 months. This is slightly lower than the initial estimate of 46 points, the company said Markit. Disturbing fact: the weakness of the manufacturing sector is no longer limited to the most fragile countries in the euro area since the German PMI shows a low of 33 months (to 46.2 points) and that the contraction is accelerating in the Netherlands .

"The manufacturing sector in the euro zone is sinking into a new phase of recession in April, the latest PMI data are consistent with revealing a disturbing decline in quarterly industrial production by over 2%," said Chris Williamson, chief economist at Markit. The origin of this deterioration: the decline of manufacturing, itself weakened by the sharp contraction in new orders. Businesses in the euro area face a weakening of demand in both domestic markets, where the austerity measures put in place weigh on demand and exports.

"Germany has experienced the full this fall in exports, the lower volume of new export orders received by German manufacturers to accelerate in April and causing contraction of German production for the first time since the beginning of year, "said Markit. The future remains bleak. Faced with weak demand in southern Europe, "the sources of growth appear to be limited, unless a strong rebound in exports outside the euro area," said the company Markit said in a statement.