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2.22 / 2011

Geopolitics should weigh on markets

8:47:05 (BETTEN Beursmedia NEWS) -

European shares are expected to open down Tuesday, as tensions once in Libya and elsewhere in the Middle East .

European shares are expected to open down this Tuesday, as suddenly as before, tensions in Libya and elsewhere in the Middle East.

After remaining closed Monday for a public holiday, Wall Street reopens on Tuesday. The U.S. stock market could turn the shock of the situation in Libya.

"Investors are fleeing risky assets because of tensions in North Africa and the Middle East and the decline in Asian stock markets," said Teppei Ino, an analyst at Bank of Tokyo-Mitsubishi UFJ. "The market is fully focused on the Middle East and Libya, where the situation is completely uncertain," he added.

Violent clashes continued Monday in Libya, including in the capital Tripoli and in several Cities in the hands of demonstrators and of the repression of demonstrations continues to rise and exceed the 233 deaths, according to the organization Human Rights Watch.

Asian stock markets down sharply in part because of these geopolitical factors, which boosted oil prices. The Tokyo Stock Exchange has also been affected by the decision of Moody's lowered its outlook on Japan's sovereign rating, and high oil prices.

AGENDA

Germany The German consumer morale will be in March at its highest level since October 2007, households are showing much more optimistic about the evolution their income, according to the GfK index forecast.

U.S. Consumer Confidence for the month of February at 16h

VALUES

SOLVAY - Solvay announced the acquisition of a fluorite mine Group N & N Chiprovtsi Bulgaria. Considered a strategic acquisition by Solvay because "it secures cost-competitive vertical integration of fluoropolymers special high value added and the production of specialty fluorochemicals.

- The agreement includes the transfer to Solvay's entire concession of fluorite and exploration rights. The objective is to increase the production of acid grade fluorspar ("acid grade") to at least 50,000 tons per year towards the end of 2011. Fluorite is an essential raw material for hydrofluoric acid, which itself used downstream in the production of chemicals and fluoropolymers. VAN DE VELDE

- ING raised its price target on the value at 38 euros 37 euros before cons. The notice is to "hold".

ABLYNX