“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

Wall Street hesitant before closing a buoyant August

The New York Stock Exchange trades in disarray shortly after opening Monday, the last August trading session that is expected to be the best in 36 years for the flagship Standard & Poor's 500 index. 

A few minutes after the start of trading, the Dow Jones index lost 113.26 points, or 0.4%, to 28,540.61 and the Standard & Poor's 500, larger, fell 0.11% to 3.504.25 then that the Nasdaq Composite gained 0.21% to 11,719.89 points.

The S & P-500 so far is up 7.1% over one month, its best performance for an August since 1984 and its fifth positive monthly performance in a row, which has enabled it to string together records in recent days.

The Nasdaq, which is also moving at unprecedented levels, has risen 8.8% since August 1, while the Dow is gaining nearly 8%, around 3% from its high on February 12.

Global equities benefited among other things on Monday from the rise in the official PMI activity index in services in China, which reassures the prospects for a rebound in the world economy.



In the United States, investors are awaiting the ISM manufacturing index on Tuesday, the first indicator for August in a series that will end on Friday with the monthly employment report.

At values, Apple and Tesla gained 1.48% and 0.23% respectively after the division of the nominal value of their shares, which favors their liquidity.

On the downside, Microsoft (-0.45%), Walmart (-2.26%) and Oracle (-0.93%) suffer from the announcement of a change in Chinese regulations which could complicate a takeover of activities North America of TikTok, to which they are candidates.

In mergers and acquisitions news, biotech firm Aimmune Therapeutics soars 171.51% after.

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