Stock Market Today News

What will the future of central banks? It will be very busy, as they are asked now to ensure both monetary stability and financial stability. And it will be controversial, because the decisions they make have a huge impact on income distribution, access to finance, operate the way the financial system and even the solvency of states.

Before the crisis, it was thought that the emergence of a sophisticated and modern finance would make superfluous the role of central banks as guardians of financial stability. The long-felt that their role as financial state was not fueling inflation. Thus, central bankers were they became the priests of a monetary policy aimed a low and stable inflation.

The past is now gone. Central banks have not abandoned the religion of price stability, although some economists have issued heretical remarks on the need for higher inflation. But the central bank activity has been transformed in practice as in theory.

Transformation practice is a direct result of the crisis. Central banks were forced to make an historically unprecedented monetary easing, not only through low interest rates, but also through an explosion of their balance sheets.

Of all central banks, the Fed has shown the most innovative, in part because of the role of non-banks, partly because of the inability of the budgetary authorities to act. But the European Central Bank has also proved surprisingly innovative.

It is generally believed that the enormous expansion of central bank balance sheets are the warning signs of hyperinflation. Those living income from their savings are furious at the low interest rates.

Almost everyone is infuriated by the bank bailouts. The fact that central bankers have allowed the world to avoid falling into another depression is ignored. We will never know anyone to averting a hypothetical event. And it is surprising that central banks were not even more discredited.

France has successfully raised 7.982 billion euros in the short term market Monday afternoon, the first loan to the country after the victory of Francois Hollande in the presidential election, said Monday the Agence France Trésor (AFT).

The Treasury, which wanted to raise between 6.8 and 8 billion euros, saw borrowing rates back down on two of the three lines he proposed to investors. The attraction for French securities has not denied because investor demand was two to three times greater than the supply of the AFT, who places the debt of France markets.

The election of Mr. Holland has not changed the puiqu’elle was widely anticipated in the markets, which continue to plebiscite country’s debt as evidenced by the relaxation rate 10-year benchmark bond market, where to exchange debt already issued.

Into the details of the loan BTF (treasury bills and fixed-rate discount paper) on Monday, on the line at 12 weeks and due August 2, France has raised 3.998 billion euros at a rate of 0.082 % against 0.088% in the comparable bonds from April 30. On the line at 25 weeks and due on 31 October, France raised 1.792 billion euros at a rate of 0.114% against 0.101% April 30. On the line at 51 weeks and due May 2, 2013, France has risen to 2.192 billion euros at the rate of 0.1744%, 0.205% against April 30. Regulation of these three lines will be held Thursday, May 10.

IGE + XAO Group announces net profit of 3.6 million euros for the 2010/2011 financial year `, an increase of 20.2%, resulting in a net margin of 16.2% against 14.1% for the` previous year.

Over the same period, the software company Computer Aided Design (CAD) is increasing its operating income by 25.4% to 4.9 million.

“This favorable` s explained by the growth of the activity, including the `International` s combined with improved economic model of the group, “said he. The figure `s revenue reached 22.3 million euros, an increase of 4.8%.

IGE + XAO has confirmed its roadmap for the opening of three new sites to the `International and maintaining a` level `significant investment in research and development.

The group plans to perform these operations “in maintaining its high level of profitability while remaining alert to the` evolution of the economy. “

AXA returns to build on the 12E, after peaking to 12.5 E (or 14% on the week and 25% of its annual floors).

The title left a “gap” above the gaping 11.235 E on October 26 and this level corresponds to a break-even short term.

Unibail-Rodamco publishes an annual turnover of almost 1.2 billion euros in the first nine months of 2011, up 1.7%.

The key figures for merchants in the mall `s Unibail-Rodamco has increased by 2.9% during the first nine months of the Year 2011, compared to the same period in 2010.

Moreover, the gross rental income in malls of Unibail-Rodamco `s` to raise 811.9 million euros in the first nine months of the Year 2011.

They were up 2.4% over 2010 sales despite `s assets recorded during the last 12 months.

In the office sector, the gross rental income decreased by 11.9% to 144 million euros, mainly due to disposals and assets currently under renovation.

The gross rental income from the activity Convention & Exhibition rose 4.3% from 2010 to 127,900,000 euros, thanks to the positive contribution of the International Exhibition `s` s Aeronautics and Space at Le Bourget in June 2011 and the Congress of the European Society of Cardiology held in Paris Nord Villepinte in August.