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Fears that Ireland follow this winter the path taken by Greece last spring saddled the euro Friday, while commodity and equity markets are also on the downside.

The Irish crisis pushes investors to withdraw from risky assets.European shares, down for the third straight session, were down 1% to 2% in the morning and futures on U.S. indexes also provide an opening left in the red on Wall Street.

In Paris the CAC 40 yielded 1.67% in late morning after getting off a time under 3,800 points, a level it had not fallen since Oct. 13.

Thomson Reuters index of peripheral countries in the euro area, down 1% to a low of six weeks in early morning, was resumed and never lost more than 0.19%.

The euro, after touching the lowest in six weeks against the dollar – 1.3573 to the dollar – and two months against the yen was trading around 1.3690 dollars.

The commodities markets falling under the effect of the dollar. Futures contracts on three-month copper declined by 2.27% to 8,630 dollars per tonne, after hitting a high of Thursday 8,966 dollars.

A barrel of U.S. light crude, spent time in the 86 dollar was trading around 86.10 dollars in late morning. In November, it is still up about 6%.

"ALL TO EXIT"

"There is no question of taking risks," said Jane Foley, currency strategist at Rabobank.

"There are too many uncertainties in the minds of investors on the debt of the euro area device, and they all rushed towards the exit.These problems of sovereign debt lead to profit taking in commodities and emerging market assets. "

On fixed income markets, the yield spread of Irish securities has narrowed, however, a meeting Anglo-Franco-German held on the sidelines of the G20 in Seoul with somewhat reassured markets.

Confirming this slight rise, the Irish five-year CDS have fallen 21 basis points to 575 bps, according to Markit. CDS Portuguese to five years have also decreased (-9 bps to 470).

Investors demand for paper, however, still Irish performance exceeding 660 basis points of the Bund.

Fears for Ireland also contaminate the paper from Spain and Italy.The spread of Spanish titles in relation to German bonds rose to 231 basis points and 191 basis points for Italy.

To Madrid to Rome as it is a high since the introduction of the euro area.

Friday, Italy must be issued to eight billion euros of debt in five, 15 and 30 years. Spain will follow next Thursday with a show at 10 and 30 years.

The Italian economy has slowed slightly more than expected in the third quarter, show figures released Friday by the Italian Agency for Statistics (ISTAT) 24 hour pay day loan.

The gross domestic product (GDP) of Italy rose 0.2% in the third quarter, against a 0.3% increase expected by economists to Reuters.

The second quarter growth was confirmed at 0.5%.

On an annual basis, GDP grew by 1.0% following an increase of 1.3% (as confirmed) for the period April to June one hour payday loans .

Economists are expecting 1.1%.

The Spanish telecoms operator Telefonica Thursday posted a net profit lower than expected for the first nine months of fiscal 2010, its weak performance in Spain has eclipsed the accounting revaluation of its Brazilian subsidiary Vivo.

The Spanish giant posted a net profit of 8.84 billion euros over nine months, revenues increased 6% to 44.28 billion euros, while analysts polled by Reuters expected a profit of 9.19 billion for a 5.8% growth in turnover.

Telefonica said its activities in Spain in the third quarter had a worse performance than the rest of the year due to difficult economic and competitive environment.In Spain, its turnover has also declined by 4.2% for first nine months of the year compared to last year.

The results of the first telecommunications group in the euro area have instead benefited its decision to revalue its subsidiary Vivo following its purchase of the stake held by Portugal Telecom in the Brazilian mobile phone operator.

This reassessment has enabled Telefonica to record a gain of 3.5 billion euros, which should allow the operator to reach this year's profit target hitherto considered very ambitious.

Telefonica has also confirmed its forecast of dividend and earnings for 2012.

The title yielded 1.9% to 17.95 euros in early morning in the Madrid Stock Exchange, while at the same time Stoxx sector fell by 0.38%.

Consumer prices in France rose 0.1% on month and 1.6% over one year.

Consumer prices in France rose slightly by 0.1% in October, monthly changes, due to the seasonal rise in oil prices and services, and are up 1.6% year on year, announced Wednesday, November 10 INSEE. In September, prices fell 0.1%, says the statistical institute.

The increase in October due mainly to the seasonal rise in oil prices, Insee said. In October, energy prices rose 0.9% (+11.1% yoy). This increase is visible on fuel prices (+0.9% +12.5% yoy), but especially those of liquid fuels (+4.4% in October and 24.6% YoY ).

The October increase was also due to the seasonal increase in prices of services (+0.2%, as in October 2009).The switch to winter rates causes an increase of 37.7% in the price of hot water, notes in particular the statistical institute.

These increases are only partly offset by lower prices for manufactured goods (-0.2%, as in October 2009; stability over one year). The monthly decline is particularly related to the many promotions on prices of new cars (-0.8% +0.9% yoy).

Moreover, the decline is increasing the prices of audio-visual equipment (-1.3% -11.8% yoy). The food prices are almost stable over the period (+0.1% +0.5% yoy).

The French Economy Minister Christine Lagarde said Tuesday that the international monetary system was not working "not satisfactory" and called for concerted action to put good order during the French presidency of the G20.

"The monetary system is not functioning satisfactorily," she said in Lyon, where she attended a conference on international environmental governance within the framework of the Days of the economy."I am in favor of concerted and coordinated action in monetary matters."

In the G20, which France takes over the presidency on November 12 after the summit in Seoul on Thursday and Friday, "we must find a platform for dialogue monetary policies," she said.

Seoul's ambition to find a common ground among the top 20 economies in the world to avoid a "war of currencies" is undermined by the lively debate sparked by the new program of quantitative easing (QE2) to $ 600 billion announced last Wednesday by the U.S. central bank.

The United States has repeatedly accused China of not letting the yuan rise freely to support its exports fast cash loans.On Monday, Beijing has in turn accused Washington of manipulating its exchange rate indirectly, under an open support for a "strong dollar".

Christine Lagarde, Seoul will also "take note of the regulatory site.

"In the U.S., legislation has been passed and implemented. In Europe, we have created oversight bodies, there has been much progress on the rating agencies and risk-taking banks on new financial products."

During the presidency of the French presidency, "we will close some sites and open others.

Christine Lagarde, the G20 is an essential forum.

"One can question the legitimacy, credibility G20 but the G20 is born following the 1997 Asian crisis," she said."It certainly represents that 85% of world GDP and two thirds of the world population, but this organization has the great merit of producing results."

"He unlocked the financial system that was running to his ruin, he rebooted growth, there has been a period of negative growth to a resumption of activity, even if it is not yet balanced. Finally, he removed the ugly specter of protectionism, "he said.

The Socialist Party in power in Greece topped the first round of local elections. Prime Minister George Papandreou said the government will continue to reform the economy.

The Socialist Party in power in Greece came under the first partial results with a slight lead over the opposition of right in the first round of regional elections, which give the Prime Minister George Papandreou to his threat of new elections.

Based on preliminary results, Mr. Papandreou raised the suspense quickly Sunday, November 7, stating that his government would "continue its work" and its "efforts" to reform the economy.The local elections, which involved some 9.8 million Greeks to elect mayors and regional presidents had assumed the position of austerity administered referendum on the country for nearly a year by the Papandreou government to reduce deficit and debt adrift.

For regional elections, candidates backed by the Socialist Party (PASOK) party came top in seven regions (although seven) out of thirteen, according to early partial results on 10% of the votes counted, but in two of these regions , the candidates were neck and neck. For municipal elections, candidates are in the right hand in front, no surprises in the two largest cities, Athens and Salonika.

But a reversal in favor of the Socialist Party (Pasok) is mathematically possible in the second round.In the other two major cities of Piraeus and Patras, the Socialists are in favor of waivers, as they are in a position to maintain in Heraklion. Analysts said most of the 13 regions and 325 local councils in the second round will be played Nov. 14.

Next visit donors in Greece November 15

This election is the first since the adoption at the charge of a local government reform intended to make government more efficient and less wasteful. Dramatize the issue so that the rising discontent against the treatment of rigor dictated by the European Union (EU) and the International Monetary Fund (IMF) and other unpopular measures, including downsizing the public sector, are still to come The Prime Minister, George Papandreou, had claimed during the campaign for voters to renew it clear his confidence.

"The Greek people has confirmed he wants to change" the team led by socialist Papandreou said Sunday night. "The effort difficult" recovery "will continue under better conditions," he said, listing among the priorities of the government "continued the reordering of public finances, with the decline of the deficit and control debt, and the radical reform of the sector and public bodies ". This policy "is the only way to save the country," he said.

The next visit of representatives of donors from Greece, which depend on the release of the third loan tranche of 110 billion released in May, is scheduled to begin Nov. 15, following the second round. Mr. Papandreou, however, found that the high abstention rate recorded during the first round of elections, estimated at more than 45% by the media, "must be a problem" to politicians."Despite its blackmail, PASOK did not get the carte blanche he wanted", for his part said the head of the rightist opposition, Antonis Samaras.

The television is although initial results confirming a marked decline in the socialist electorate compared to legislative otobre 2009 (43.9%). "Nationally, the real winner of elections is the Communist Party," Ultra-Orthodox, credited with almost 11% of the votes (7.5% a year ago ilm), for his part, noted political scientist Ilias Nikolakopoulos.

Wall Street opened higher Friday shy, despite the announcement of job creation much more than expected in October.

Minutes after opening, the Dow Jones gained 0.01% to 11,436.05, the S & P 500 1221.91 0.07% taking and the Nasdaq fell by 0.03% to 2576.58.

The latest employment statistics suggest a slight acceleration of economic recovery, with more hires than expected in the private sector.

The AIG has opened sharply lower after announcing heavy losses in the third quarter.It lost 2.37% to 43.68 dollars.

The food group Kraft Foods was also down, having previously announced quarterly revenue below expectations.

Shortly after opening, it yielded 1.6% to 31.28 dollars.

The coffee chain Starbucks was rising significantly, however, after raising its profit forecast for the coming year. Title progressed from 2.18% to 30.40 dollars.

The Stock Exchange opens sharply higher Thursday, following Asian markets, following the announcement by the Federal Reserve U.S. treasury $ 600 billion worth of government bonds by mid-2011 to support the American economy.

Around 9:40, the CAC 40 index shows a gain of 1.94% to 3918.29 points.

The early exchanges were facilitated by a series of results of companies that have played in both directions.

BNP Paribas, which published a quarterly net profit above expectations, up 4% after reaffirming reassured markets it would not need to increase capital to meet Basel III.SocGen earns 4%.

Banks, like cyclical stocks, also benefit from the announcement of new quantitative easing by the Fed. Lafarge in particular takes 3.8% and 3.6% Saint-Gobain.

Alcatel-Lucent lost 2.2% after announcing an operating margin below expectations.

As for EADS, he sold 1.7% after an incident with an engine of an Airbus A380 from Australian airline Qantas.

Other major European markets have also started on a positive note: London is 1.8% and 1.3% in Frankfurt. Of the European indices, the EuroStoxx 50 gained 2% and 1.4% Eurofirst 300.

The dollar is trading around 1.42 per euro, its highest in ten months, U.S. crude gained $ 1.22 to 85.90 a barrel.

Alcatel-Lucent announced Wednesday a plan to sell its subsidiary specializing in products to the German Vacuum Pfeiffer Vacuum Technology.

The subsidiary, with headquarters located in Annecy (Isère), manufactures vacuum pumps, leak detectors, vacuum gauges and sensors plasma, all marketed under the brand Adixen.

The purchase price to be paid in cash, will be approximately 200 million euros on a "debt-free/cash-free" (where the company free of debt and cash).

The transaction is expected to close by Dec. 31, is subject to the prior information and consultation of employee representatives of legal entities of Alcatel-Lucent concerned.

Alcatel-Lucent said it will reinvest the proceeds of the sale in next generation technologies such as Internet Protocol, optics, mobile networks and 3G LTE.

At 11:40, the title Alcatel remained virtually unchanged (+0.08%) to 2.543 euros.

The New York Stock Exchange finished up 0.06% Monday, the Dow Jones Industrial winning 30 points to 11124.62 6.13.

The S & P-500, wider took 1.08 points or 0.09%, to 1184.34. The Nasdaq Composite fell on his side of 2.57 points (-0.10%) to 2504.88.

These data are likely to vary even slightly.