BANQUES : RABOBANK, membre du club très sélect des banques AAA et qui a échappé à la tourmente, va lancer une perpétuelle en USD à 11% jusqu’en juin 2019 (1,5 mrd) avec au-delà LIBOR 3 mois +1087 bips. Est-ce sexy ou est-ce que cela cache quelque chose ? Pourquoi un tel taux avec un rating AAA ? Prudence !
DOW JONES : modification (peu fréquente) de la composition : CITIGROUP est remplacé par TRAVELER’S et GM par CISCO.
ECONOMIE : pétrole à 68, rebond de l’ISM aux E-U et du PMI manufacturier en Europe, hausse de dépenses de construction outre Atlantique. Les consommateurs retrouvent un peu le sourire également malgré les perspectives d’explosion du chômage. La bourse est cynique et sait que les restructurations ont pour but d sauver ou de retrouver les marges bénéficiaires. La problématique de l’emploi et donc de la consommation (principal poste du PIB), et son impact sur les résultats et donc la bourse, c’est pour plus tard (fin 2009, début 2010 ?)
Le VIX (indice de volatilité des actions américaines) est en retrait à 30. L’or est hausse à 970 l’once et le pétrole (BRENT CRUDE SPOT) également à 67.2 USD. Le USD reste faible face à l’EUR à 1.41. Le spread 10-2 ans est à 2.00. Les CMS 5 ans est à 2.87 et le 3 ans à 2.18.
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