The earnings season has started very well, like Goldman Sachs or JP Morgan, which recorded a 36% increase in profits in one year. Leading indicators have confirmed the trend and allowed the equity markets to be well again to return the 3200 points, with a passage in the 3000 flash points. The ISM index on the business climate has experienced very strong growth in June 47. Retail sales in the United States are resistant (+0.2%), favored by a price effect linked to the recent rise of oil. Job losses in the United States began to decline significantly. Inflation rates are near zero or even negative, favoring short-term purchasing power of households. After a decline in GDP

At a time when the Chinese government is very angry in response to the measure of U.S. President who decided to implement a tax increase from 31% to steel that is imported from China and 35% of the tires from this September. The tension has been created in response to this measure has been included in the script for the debate of the meeting to be held on 25 September the G20 in the U.S.. (more...)