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Wall Street opened higher Monday after the vote of austerity measures by the Greek Parliament, investors wanting to believe that this new step will move towards a resolution of the debt crisis in Greece.

In early trade, the Dow Jones gained 0.48% (61.76 points) to 12,862.99 points. The Standard & Poor's, which was accused last week its first weekly decline in six weeks, is 0.64% (8.65 points) to 1,351.29 points while the Nasdaq composite advance 0.81% (23.57 points) to 2,927.45.

"There was a little apprehensive but the fact is that (the Greek plan) was approved and it has clarified many things to contracts involving the risk that Greece represents for them, "Justice Peter Kenny, managing director of Knight Capital.

Side values, as Apple has climbed above $ 500 at the opening (1.65%), reaching a new record. 

The group has stepped up to the apple its offensive Monday against Samsung Electronics in the patent war between them, by attacking the Nexus range of smartphones equipped with the latest version of Android, the operating system from Google.

The Chairman of the Consob Giuseppe Vegas reaffirmed Wednesday that as of Thursday, the ban on naked short sales would be extended to all classes of shares.

At the beginning of November, Constable Italian Stock Exchange announced a ban on naked short sales of all equity markets regulated to reduce market volatility, a decision to take effect from 1 December at midnight.

In an interview published Wednesday by the newspaper La Repubblica, Giuseppe Vegas has also discussed the requirements of the European Banking Authority (EBA) relating to the recovery bond and that he would ask the Bank of Italy to raise the issue at European level

The new EU regulation that requires banks to value sovereign debt in their accounts at market value may cause a new credit crunch that could cripple the economy of Italy, said the president of the Italian stock market authority .

"In Italy, there are fears on banks. The money does not circulate. The main risk is the development of a credit crisis."

"In this scenario, the risk that a bank collapse is secondary.

The rating agency lowered the rating of the country by one notch to "AA +" to "AA". It could further deteriorate in the future. Outgoing Prime Minister of Belgium Yves Leterme, the ordinary business since April 2010

Belgium was sanctioned Friday by the rating agency Standard and Poor's, because of its debt and therefore the political crisis through which it passes for over 500 days and paralyzing currently discussing the formation of the next budget. The rating agency lowered the rating of the Kingdom by one notch to "AA +" to "AA". It could further deteriorate in the future.

Reacting immediately, the Prime Minister Yves Leterme current affairs said that the decision was "naturally bad news," before launching an appeal to political parties to reach agreement within 48 hours on the budget.The country's leaders also face pressure from the European Commission threatening Belgium with a fine of 700 million euros if a tight budget is not completed by mid-December.

Continuing difficulties in the financial sector

It is this urgency and the lack of credibility of the country has pointed Standard & Poor's lowering the rating of the kingdom. Involved: "difficulties in the financial sector" which may require greater support by the government which would increase the already high debt of the country and especially the context of "political uncertainty" that continues to affect the credibility of Belgium as a borrower.

On the occasion of the International Forum of Culture of Avignon, the company publishes Tera Consultant on Thursday a report claiming that a city that invests 0.7% of GDP per capita in the culture can hope to gain in return for 9% of the same GDP per capita. The Palais des Papes in Avignon

The International Forum for Culture Avignon began Thursday. On this occasion, the society of economic expertise and strategic Tera Consultant, in partnership with consulting firm Kurt Solomon, published a report on the impact of spending on culture of cities, based on criteria such as the migration rate, the number of visitors, the number of cultural sites of all types (including universities) and the share of cultural spending in GDP, studied in 47 cities on 21 countries.

Spending on culture of the cities studied are, on average, 0.7% of GDP per capita.

The discussions between political leaders around the Greek Prime Minister-designate were completed Thursday night with no announcement on the composition of the future government, officials said an official with the outgoing government.

The new coalition government headed by Lucas Papademos must be invested to Friday 12:00 GMT.

Representatives of PASOK (Socialists), New Democracy (conservative) and LAOS (far right) attended the meeting Thursday night. They left the office of prime minister without making any announcement.

"The first meeting of party representatives with Mr.Papademos is over, "he told reporters a government official who requested anonymity.

He added that discussions would continue but it is unclear when the composition of government will be officially announced.

PASOK and New Democracy of the two main countries agreed on a coalition agreement to try to prevent Greece from bankruptcy.

The forecast of zero growth of the French economy in the fourth quarter by the Banque de France confirms a slowdown sustainable activity that weakens the hypothesis government and increases the likelihood of a new austerity plan next year.

The forecast released Wednesday, in line with that issued by INSEE in October, comes two days after the announcement of a second austerity plan in less than three months and a G20 summit haunted by the specter of a recession.

Weak growth, zero or negative, means that tax revenues will be lower than expected and higher spending, the financial statements being greater demand.The French economy grew by 0.9% in the first quarter and was flat in the second.

The Institute of Statistics said in October forecast growth of 0.3% in the third quarter and a stagnation in the fourth, according to the assumptions that should enable it to achieve the government forecast for 2011 (1.75%).

ECONOMY TO START OFF 2012

But the achievements of growth for 2012 would be only 0.2%, six times less than at the end of 2010, and it would be even lower if growth in the third quarter was only 0.1% as the has provided the Bank of France.

The parties of the coalition of Angela Merkel announced Sunday night tax breaks 6 billion euros in 2013 and 2014. The opposition considers these tax cuts are incompatible with the objective of reducing debt. German Chancellor Angela Merkel and Minister of Economy Rainer Bruederle at the energy conference in Berlin on March 22

German opposition parties have rejected Monday plans tax relief presented Sunday by the ruling coalition, they are able to derail the upper house of parliament, the Bundesrat, where they predominate. "I can not imagine a majority for the proposals that form the Bundesrat," said Jürgen Trittin, one of the leaders of the Green Party, "it would be very surprised."

Greek Prime Minister George Papandreou won the vote of confidence from Parliament. It is currently negotiating with the President of the Republic to establish a new coalition government he will lead probably not. Greek Prime Minister George Papandreou (right) won the vote of confidence from Parliament Friday, November 4th by 153 votes out of 298 votes.

Greek Prime Minister George Papandreou won Saturday early morning the confidence of parliament after a week of psychodrama in the euro area, paving the way for the preparation of a coalition government, he will not probably not.George Papandreou, who received 153 votes out of 298 votes cast, was far from certain to survive the ordeal after the crisis that started in his own Socialist Party triggered by his attempt to impose a referendum to validate the European Plan aid to Greece.

"Saturday (noon), I will visit the President of the Republic so that we reach agreement on the composition of a consensus government and even of who will direct it," he said in parliament . Paradoxically, the vote of confidence should allow it to go head up, after the panic created earlier this week on global financial markets with its announcement of the referendum and the anger of the country's creditors who curtly summoned for threatening cut off the country.

"I never saw politics as a profession," said Mr.

Prime Minister Georges Panpandréou announced a referendum on the bailout of the euro, which provides for the deletion of one half of the Greek debt. A gamble. The announcement plunged the European stock exchanges. Greek Prime Minister George Papandreou

Greek Prime Minister George Papandreou made a surprise and took a political risk on Monday night by announcing the holding of a referendum on the European Agreement deletion of part of the country's debt, criticized Greece for the surrender of sovereignty that it entails.

Nexans Thursday confirmed its 2011 targets after strong third quarter as forecast by a slowdown in growth due to an unfavorable base effect.

The world number two cable conducted on a quarter revenues of 1.127 billion euros at constant non-ferrous metals, an increase of 3.9%.In the first half, the group posted organic growth of 8.2%.

Nexans has maintained its annual target organic growth of between 5 and 7% and that of an operating margin of about 5.5%, but with an enhanced contribution of industry and construction segments, and a contribution weaker segment energy because of the economic environment.

"The increase in activities of medium and low voltage is subject to conditions as operators invest electricity still based on it," he told Reuters Frédéric Vincent, CEO of Nexans. "And we will be weaker in 2011 than in 2010 high-voltage ground in view of the situation in the Middle East."

Nexans notes, however, begin to restart in the Gulf.As for Libya, the end of the war could provide opportunities in energy, but not this year.

"With the end of troubles, we secure the recovery of activity in 2012 but nothing in 2011," said Frederic Vincent.

At current metal prices – especially copper, which Nexans believes it should remain around its current price in the fourth quarter – revenue the quarter stood at 1.711 billion euros.