Boston Scientific made the charges Friday

Last week, concerns about us growth were correct determination of the markets to take the height. It was enough a second indicator, the indicator of the Philadelphia Fed, to undermine their convictions and to assure them that the first US economy really slows. The path taken by the courts of the black gold evidenced. Quality WTI oil fell below $ 61. And if this is confirmed, it may descend lower. For Larry Kantor, Chief Economist at Barclays Capital, this should however not go very far. "It is that of a correction, believe." OPEC should strive to put a floor price. "According to him, around 55 dollars on the WTI. "In addition, very low production capacities make vulnerable this industry in any climate or political shock", he says.

Economists will see if the scenario of an economic slowdown in the United States materializes, this week. They will be able to confront their views with the members of the US Federal Reserve who, throughout the week, will take the floor. Geithner, behavioural, Hoenig, Minehan, Poole and Moskow speak individually. They will surely return to the status quo of the Fed. On Wednesday, it had for the second consecutive time left its rate unchanged at 5.25. Nevertheless, "the Fed has not completed its cycle of monetary tightening, said Larry Kantor, who expects a rate of the EDF Funds to 6 in the next year. The market could realize by the end of the year. The consensus is too low because it signifies the evolution of the real estate market while there should be a stabilization in the coming months. "The US should see growth of 3 in the course of the next few quarters." The Chief Economist with Barclays Capital, it is therefore logical that the dollar remains oriented to the increase in the short term.

Series of statistics with a view

In the immediate future, a range of economic statistics expected operators. Today, they will take knowledge of sales of new homes. Tomorrow, the Conference Board confidence index. Wednesday, durable goods orders and sales of new homes. Thursday, of the gross domestic product in the third quarter as well as the deflator. Finally, Friday to align revenues and expenditures of households, the consumption deflator, Chicago PMI and the Michigan consumer confidence indices. Say that the week Announces volatile financial markets. As the season of presentation of the results of US companies in the third quarter to profile and often gives rise to adjustments of last minute on the part of the directions of societies. But investors enjoy hardly these final touchups, especially when they involve a revision to the decline in profits. Boston Scientific made the charges, Friday.

European places remain of course closely connected with changes in Wall Street, before focusing on the next deadline for the European Central Bank, on 5 October, which should, in all likelihood, lead to a new increase in interest rates. In the Japan, uncertainties remain. The new Prime Minister, Shinzo Abe, to form his Government tomorrow, leaves perplexed the financial community. Operators should not take the initiative in the stock market before the outline of his economic program. At least, they do not move before next Friday, where awards will be presented for consumption and industrial production.