Dec 3 2013 | 11:15 AM
From The Trading Floor: Equities are trading in negative territory this morning, the third straight down day as investors take measure of the market and look for economic signals for when the Fed will potentially reduce stimulus.
- Cyber Monday Internet sales climbed 16% from last year to a record $2.29B, Adobe estimates, with Internet transactions for the five-day Thanksgiving shopping period jumping 26% to $7.4B. Sales from mobile devices soared 80% yesterday and accounted for 18.3% of the total.
- Current business conditions in the New York region rose to 69.5 during November up from 59.3 the previous month
- Economic optimism for the month of December rose to 43.1 from 41.4 the previous period
- The number of U.S. banks has dropped to below 7,000 for the first time since records began in 1934, falling to 6,891 in Q3 from a peak of over 18,000. The reasons for the trend include consolidation and failure,...
Managing Director, The Capital Markets Desk
Dec 3 2013 | 9:29 AM
Ahead of the Bell: Dow futures are trading down 60 points and S&P futures are trading down 4 points. Stock appear to be retreating for a second session in a row on concerns the Federal Reserve will dial back its $85 billion a month bond-buying program. Recent mixed comments by Fed officials and upbeat global economic data is fueling fears the central bank is tilting towards reducing it stimulus program. November's employment data which will be released on Friday will provide more clues as to when Ben Bernanke and company will start tapering the agency's asset purchase program. The Bank of Japan on the other hand, indicated it willing pump more cheap money into its economy, which devalued the yen and saw gold traded near a five-month low, while crude oil stabilized.
- On the economic calendar today, no major reports are scheduled to be released.
- The dollar is up against the...
Director, Market Watch & Corporate Actions
Dec 3 2013 | 6:30 AM
On Tuesday 3rd December, Société Générale & Investir teams rang The Opening Bell in Paris to celebrate the launch of the Certificate 100% Investir 10 – Grandes Valeurs.
Tradable as easily as a share on Euronext Paris, the Certificate 100% Investir 10 – Grandes Valeurs tracks the performance, with no leverage, of the l’Indice Investir 10 – Grandes Valeurs. Annual management is 1,50%.
Dec 3 2013 | 4:40 AM
Dutch Paralympic skier Kees-Jan van der Klooster sounds the gong for the NSGK foundation on the UN International day of persons with disabilities.
This specific UN Day is held annually on December 3rd to focus on issues that affect people with disabilities worldwide. NSGK is the Dutch foundation for disabled children and adolescents and Kees-Jan is one of their so-called Famous Friends. Children with disabilities face many challenges and barriers in their daily lives. That’s why they are often excluded from ordinary activities. NSGK aims to remove these barriers and facilitate the participation of these children and youngsters. With the support of over 40,000 private donors en 10,000 volunteers NSGK supports hundreds of initiatives that enable children with disability to play, learn, work, relax and live like their...
Dec 2 2013 | 5:58 PM
By Isabel Ucha, Director of Corporate Responsibility for Europe
We have joined the conversation by celebrating the Global Entrepreneurship Week (GEW) through several events held in all our European locations during the week of 18-22 November. These initiatives have involved entrepreneurs, business leaders as well as government officials to encourage a conversation about entrepreneurship which connects people, shares ideas and drives economic public policy.
The kickoff for GEW was held in Brussels (NL or FR) on the 18th of November with...
Senior Vice President and Head of Corporate Responsibility