Greece has again liquidity problems and in the absence of an agreement with creditors to unblock a new tranche of aid – as the newspaper "Kathimerini" – money in the state coffers could end up in mid-May. The Tsipras government started from January to limit the outputs: in the first quarter of the public primary expenses were $ 1.34 billion less than the budget planned 10.5 billion. Despite having regularly paid pensions and salaries, the government was forced to save on other items of expenditure, including payments to health facilities.
Despite the positive close in the first quarter thanks to the strong performance in the NAFTA area, 90% of the total, the huge debt Fiat Chrysler Automobiles NV is entitled to lose more than 3% before the close of the day.
In addition to the 5.5 billion dollars that weigh on the company, the title also suffer because of fears of analysts who fear that the US auto market is now saturated.
"The group confirms for 2018 the objective to a positive net financial position," said the CEO of Fiat Chrysler Sergio Marchionne, and although "the car NAFTA has become harder and more competitive, the nocietà does not provide for a fall" .
The Euro zone’s private sector kept expanding moderately in April, but failed to gather momentum. The Markit Composite PMI, a forward-looking reading tracking development in the Euro bloc’s manufacturing and services sectors came in at 53.0 in the reported month, down from 53.1 seen previously, when it rebounded from February’s 13-month low. The manufacturing PMI declined to 51.5 in April, compared with 51.6 in the preceding month, while the services sector gauge rose to 53.2, slightly ahead of 53.1 in March, but undershooting economists’ expectations of 53.3. The Euro zone’s economic growth continued to be weak as the bloc’s GDP expanded 0.3% in the final three months of 2015 on a quarterly basis, the same pace as in the three months through September. For all of 2015, economic output of the 19 countries using the Euro was up by 1.6% year-on-year.
Fragility financial markets, oil prices’ volatility, terrorism, Brexit and race for the White House. These are concerns that in the first three months of the year have resulted in a general decline in optimism from businesses about the economic outlook for the next 12 months. They are the most interesting figures of the last Ibr (International Business Report) Grant Thornton that the expectations of revenues, exports and R & D investment remains very low.
Bets have turned decisively towards a favorable vote by the British to stay within the European Union after the warning by US President Barack Obama, who warned London the risks caused by ‘Brexit’.
The implied probability of a vote to remain in the union during the referendum of 23 June rose by several percentage points to 75% share, according to Betfair, known British betting agency. According to Ladbrokes however, which is based on live betting, are 73% chances that Britain votes to stay in the European Union.
The Ifo index, which measures business confidence in Germany, fell in April to 106.6 points from 106.7 in March. It is a minimal decline, which, however, confirms the overall resilience of the confidence in the German economy enterprises, is the Monaco Institute comments.
It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.
Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department.
The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%.
The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.
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