We, people European Asian GAL in retirement savings: HSBC

London  - Global banking giant HSBC warned of a "major East-West divide" on pensions Thursday, as workers in Europe and combating U.S. to correspond to their Asian counterparts adequately for retirement savings.

The London-based Bank has revealed that the conclusions in a report entitled 'The future of retirement' after 17,000 people in 17 countries on attitudes to pensions survey.

HSBC said that the report highlighted "the emergence of the main East-West divide in the perception of retirement".

He added: "the impact of the economic slowdown had a measured impact, particularly in the developed countries of Europe and North America, where many people now expect to be worse than that of their parents when they enter retirement."

"However, this view is in no way universal with households in many parts of the world through the global downturn with their aspirations for a prosperous retirement largely intact."

"This is particularly true in emerging markets like China and the India economic powers," said HSBC.

Director of investments, pensions and savings bank, David Wells, said that "unless that Westerners take a leaf from the book of their Asian peers and begin to be responsible for their own future, unfortunately much will find that their fears of financial difficulties at the end of life are carries out."

HSBC said half of those questioned in its global survey is not a financial plan while 41 percent felt prepared for retirement.

The survey also showed that 32% of respondents were expected to face financial difficulties when they retire - but this figure fell to 17% in China.

The Bank said Chinese households saved the equivalent of 38% of the gross domestic product (GDP), while the figure is 35% in India. As compared to only 3.9% in the United States.

Some nations have implemented mandatory plans to change behaviour, but HSBC stressed education was necessary.

He said "the financial services industry clearly has a role to play in shaking the non-planificateurs in action". "The role of the brand and marketing must be accompanied by a mixture of other interventions."

The Bank appealed for "greater funding financial education creating basic financial education and awareness levels."

In addition, he suggested that Governments could grant tax relief on contributions of pension for workers.

"The key in this report message is that those who take the time to put in place a financial plan are much more likely to benefit from a positive retirement," concluded the HSBC.

"As our results show, financial planning has the power to transform our well-being in retirement."

Bullard: European debt turmoil could weigh on U.S.

FARMINGTON, Missouri)  - whirlpool on the problems of sovereign debt in Europe could weigh on economic recovery to the United States, Chairman of Federal Reserve St. Louis James Bullard said Monday.

"I am concerned by the situation in Europe," Bullard said to reporters after a speech. "Prolonged disruption of financial markets could be a negative for the United States."

Financial markets piled pressure on the country highly indebted euro area Monday and the stock markets fell as investors worried about the risks increased in Spain and the Greece and fed rating agencies new concerns on the Italy and the Belgium.

In Italy, which has greater debt in the eurozone in absolute terms on piles, was affected by the decision of the credit agency Standard & Poor Saturday ratings to cut its Outlook to "negative" from "stable".

Uncertainty in Europe is one of the reasons why the U.S. long-term bond yields have fallen, Bullard said, investors move into less risky.

Discuss monetary policy, Bullard said to wait for the action for some time after the Federal Reserve ends its bond of $ 600 billion purchase of program in June.

"Past (the Fed) behaviour indicates that the Committee sometimes involves policy pending," he said at the mineral area College Foundation. "A pause allows more time to assess the strength of the economy."

Waiting to see how the evolution of the economy, the Fed would hold interest rates near zero, said Bullard, who is not an elector on the policy of the Central Bank setting Panel this year.

Keep it also signals no change to the promise of the Fed to keep rates low for an extended period, said.

In addition, this means the reinvestment of securities in order to maintain the very extensive balance sheet of the Fed at some level it reaches after the bond-purchasing initiative draws to a close, probably over $ 2.7 billion, he added.

He said that if the economic recovery gains pace in the second half of the year, it would be reasonable to expect that the next phase of the Fed would tighten financial conditions. However, he said that us growth in the first half of 2011 has been slower than expected.

House in the United States sales and activity data factory was published last week showed the economy was stuck in low gear, although a decrease in requests for assistance without employment offered hope that the labour market recovery was on track.

Bullard has also warned that fresh energy and food, and the measures of inflation stripping can minimize inflation. Fed officials have argued that despite the recent price of raw materials and food breaks, inflation has failed because the underlying measures rose only modestly rates historically low.

Prices of raw materials have connected "dramatic" increases in recent months, he said.

"Ignoring the price of energy in a price index can systematically underestimate inflation for many years,", he added.

Many of the Fed officials believe that the best way to measure if their efforts to keep inflation at Bay work is to look at the measures of underlying inflation, because it is a better gauge where inflation is directed.

Bullard has further renewed its call for the Fed to adopt an explicit numerical inflation target.

Fed Chairman Ben Bernanke reported after the last meeting of the Fed at the end of April that the US Central Bank is fed officials pressed to reverse his massive support in the modest economic recovery in United States where the unemployment rate remains above that think is standard. This support includes interest rates low benchmark and will be the amount of 2.3 trillion in purchases of assets in the long term when the current program will eventually.

Many economists and some Fed officials are worried that inflation risk is growing. Even though oil prices have moderated recently, there is concern that the Fed is ignoring the overall inflation because the price of gas and many food products are substantially higher many consumers.

Fed officials such as Bernanke argued that higher energy prices reflect an increase in global demand for emerging markets such as China, India and Brazil, not too easy monetary policy to the United States. The President and others also say that there is no indication or business consumers expect inflation in the future.

However, Bullard said recent events show the so-called inflation as food strips volatile and prices of energy is not an accurate gauge of trends and raises doubts in the minds of the public on the effectiveness of the Fed.

Again, Bullard has told reporters he believes that the Fed would be in no rush to tighten policy if it focused on overall inflation rather than underlying inflation. The main problem with the emphasis on core inflation is that it makes the Fed disconnected from the price of most consumers are experiencing, he said.

"It's poorly Fed credibility to talk about core inflation when everyone sees global inflation", said Bullard.

Global markets up despite European debt concerns

BANGKOK - on broken global markets slump Tuesday Despite fears of European debt crisis spreads further major economies.

The price of oil has increased to about US $99 per barrel after Goldman Sachs raised raw forecasts due to concerns that the closure of the output of Libya will take spare OPEC supplies. In currencies, the dollar slipped against the yen and the euro.

European markets were higher in trade at the beginning. FTSE 100 Britain increased by 0.5% to 5,867.94. Germany of DAX gained 0.5% at 7,158.02, and CAC-40 the France was 0.4% higher at 3,921.15.

Wall Street was dedicated to increase after the sinking Monday. Future industrial Dow Jones rose by 30 points at 12,392, and S & P 500 future were higher in 1,319.10 3.9 points.

One day turbulent trading in Asia ended with the main higher benchmarks.

Nikkei 225 of the Japan increased 0.2% to close at 9,477.17 after ending the morning down session. Toshiba shares rose by 2.1%, a day after the company announced, it moves in the business of power of the wind through an alliance with unison Co. Ltd. Korea, a manufacturer of wind power equipment.

Hong Kong Hang Seng was slightly higher than 22,730.78 after emerging from the red in the morning.

ABN Korea in South increased from 0.3% to 2,061.76, with Kia Motors Corp., the country second auto manufacturer, gaining 1.9% and Hynix Semiconductor, a world leader in the chip memory which, up 1.3%.

S & P/ASX 200 lost Australia 0.3 per cent to 4,628.80, with some mining shares hit by worries that a slowing of the Chinese production would lead to falling demand for commodities. Energy Resources of Australia Ltd. fell by 2.3%. BHP Billiton Ltd., the world largest mining company, lost 0.1%.

Based in Taipei Foxconn Technology Co. Ltd., the largest electronic contract manufacturer, decreased by 2.6%, after an explosion in one of the plants of the company in China, which makes iPad 2 killed three employees and wounded 15 Friday.

Chinese 苏童 shares were mixed as weak economic indicators and pessimistic forecasts for prospects short-term weighed on sentiment.

The reference index of Shanghai Composite Index lost 0.3 per cent to 2,767.06, the more close in four months, while the Composite's Shenzhen China index has gained 0.1% to 1,150.91. Shares in precious metals, non-ferrous metals and acquired biotechnology companies.

"Funds are in short supply and investors are wear to the slowdown of economic growth and inflation, said Peng Yunlang, Shanghai-based analyst.

Europe's debt crisis has shaken markets Monday that fears about the solvency of the Greece combined with concerns that the Spain or the Italy Similarly, may be moved in the turmoil that has seen three countries using the euro common to the rescue.

End of last week devalued the Greece debt Fitch rating agency also in undesirable situation. Then, Standard & Poor said Saturday that the Italy was in danger of having its rating lowered debt if it could not reduce its borrowings and increase economic growth. Monday, Fitch cut the Belgium outlook.

The shaking was felt on Wall Street, where stocks took a pounding Monday. The Dow Jones index fell by 1.1% to close at 12,381.26. Standard & Poor of 500 index has fallen or 1.2% to 1,317.37 composite index Nasdaq fell it by 1.6% to 2,758.9.

Benchmark crude for July delivery was up to $1.14 offenders $ per barrel in electronic trade on the New York Mercantile Exchange. The contract has lost $2.40, or 2.4 per cent, to settle at $97 Monday.

Goldman Sachs said the civil war in Libya, which has closed almost all country's 1.6 million barrels per day of oil production, will eventually grow higher prices.

The euro rose to $ 1.4060 $1.4095 in Exchange late Monday in New York. The euro was lower at $1.40 earlier in the day for the first time since March. The dollar slipped to yen yen 81.97 81.93.

Near the lower European stocks

London - European markets stock closed sharply lower Monday, hit by signs of slowing growth, particularly in the world engine, China and fears that the Greek debt problems is to raise a new crisis in the euro area.

Dealers, has declared globally, investors were on the defensive, with products under pressure after months of earnings supported: economy cools China and the United States and European growth is modest at best.

They said concerns that another volcanic eruption of the Iceland could disrupt air traffic after the disastrous ash cloud of last year sank the airlines as giant low-cost Ryanair has warned of hard times ahead.

A combination of weak data of EU and downgrading of credit rating Friday for the Greece Fitch has fueled the Athens can stabilize its public finances to a debt restructuring be seen as a step into the unknown for the eurozone set of doubts.

Decommissioning of Standard & Poor of ratings outlook Italy for "Negative" from "Stable" weekend and Basinger of the Spanish Government in local elections, added to the uncertainties to investors nervous.

In London, the FTSE 100 index leading shares closed 1.89% to 5,835.89 points. In Frankfurt, the DAX fell by 2.0% to 7,121.52 points and in Paris, the CAC 40 lost to 2.10% to 3,906.98 points.

Other European markets suffered similar stiff losses with Milan strike the worst after the S & P moved, losing more than 3.0%.

Banks have been affected as economic prospects dimmed with Barclays in London 1.96 percent and new lender specialist markets Standard Chartered off 2.22%.

Airlines suffered the fallout from the Icelandic volcanic eruption, with AIG, owner of British Airways and Iberia, down 5.09% while Ryanair dropped 5.72% as its warning prospects offset strong results.

In Paris, Frederic Aubel, dealer in Global Equities, said investors were future research at the top of the Group of eight more later this week in France, eager to see "solutions for the euro area the situation is getting worse."

Aubel city of developments in Greece, Italy and Spain as worrying, with the euro under pressure against the dollar.

"The European Union must lead to a durable solution," Aubel said, stressing the need to curb speculation on Greek debt restructuring, which would help to reassure investors.

In New York, stocks were also sharply. The blue chip Dow Jones Industrial Average was off the coast of 1.33% at 1600 GMT autour while the tech-heavy Nasdaq Composite fell from 1.74.

"" Averages major stock markets around the world have fallen... in response to a lot of negative headlines, "said Patrick O'Hare at Briefing.com."

"Manufacturing surveys...". China and the euro zone showed a slowdown in the activity of the company... Standard & Poor Cup prospects of rating of debt to Italy... and the Socialist Party of the Spain got overwhelmed in the local elections, raising concerns newly elected might discover an image of debt worse that had been disclosed"he says.

Given the constraints of the current euro zone debt, the possibility that the Spain and the Italy could be in serious difficulty is a daunting prospect, reviving fears that the single currency may be at risk, dealers said.

In Asian trade earlier Monday, Tokyo hangar 1.52%, Hong Kong has dropped from 2.11% and Shanghai was off the coast of 2.93%, while that Sydney lost 1.88%.

Diving in U.S. stocks on European debt worries

NEW YORK--after three days of bad news about the debt crisis of Europe sent Asian and European markets down Monday, it was Wall Street Tower.

The Dow Jones industrial average fell as much as 180 points before paring back some of its losses. An another steep downgrade of the credit rating of the Greece, a warning on the Italy debt and a major defeat of the party in power to the Spain caused new concerns about Europe's debt crisis.

Who sent the euro lower against the dollar. A stronger dollar, it is more expensive for other countries buying US exports, hurt American businesses that sell goods abroad. Fears that Europe's debt problems could degenerate, as they did last year when the Greece fondue, sent stocks plummeting around the world.

The dollar rose by 0.6 per cent against an index of currencies international Monday. The euro dipped briefly its lowest level against the dollar in two months.

The bad news began late Friday, when the rating Fitch devalued the Greece debt agency in addition in undesirable situation. That gave investors more reason to fear that the country will need help more manage debts beyond the prepared package of emergency, he received last year.

Then, Standard & Poor said Saturday that the Italy was in danger of having its rating lowered debt if it could not reduce its borrowings and increase economic growth. The next day, Spain Socialist Party was roundly defeated in local elections, potentially compromising the country's deficit reduction program.

The Dow Jones index fell 130.78 points, or 1.1%, to close at 12,381.26. The standard & poor 500 index fell 15.9 or 1.2%, 1,317.37 all but a handful of stocks in the S & P 500 dropped a. The Nasdaq composite index fell 44.42 or 1.6%, to 2,758.9.

European markets closed also sharply lower. The FTSE 100 index shares British leaders fell by 1.9%. The DAX lost 2 percent Germany. The CAC 40 in France was less than 2 per cent.

While stocks react strongly to newspapers of the weekend, investors do not sell corporate bonds. If they were, it would signal that investors have been growing wary of the risk, said Jack Ablin, Chief Officer at Harris Private Bank investment officer.

"There is a perception in the short term risk, but I do not view as necessarily sustainable," said Ablin.

Still, investors seeking safer assets, performance on the ticket of 10 years of the Treasury Board went as low as 3.10%, its lowest level of the year. Performance is returned up to 3.13% in afternoon trade, slightly under the 3.15 percent that he traded to end Friday. Fall when increase their bond prices.

Some analysts believe that a decline in stocks was late. Markets were pitched in recent weeks, but the Dow Jones index is always up to 7 percent this year. The index made few cases of the revolutions in the Arab world, attempts by China and other emerging markets to slow growth and the nuclear crisis to the Japan. Now that the season of the benefits of U.S. companies is complete, comprehensive news has become the focal point of.

"There is not much good news," said Randy Bateman, President of Huntington Asset Advisors. "Investors need an excuse to withdraw".

Sovereign debt downgrades can shock on world markets, when they are first announced. Recently, debt downgrades had a short-term effect. Moody devalued March 10 Spain debt. The IBEX 35 sunk 1.3% on the news, but recovered its losses within days.

S & P downgraded its debt outlook to the United States April 17 from stable to negative, which means that it might reduce the country debt rating in the future. The warning sent the Dow down 240 points in morning trade but it recovered the next day.

Four stocks fell for each other that is passed to the New York Stock Exchange. Volume was 3.4 billion shares.

European stocks extend gains as Glencore floats

London  - European stock markets rose Thursday, with the mining sector, supported by the flotation of Glencore Swiss goods giant.

London's benchmark index FTSE 100 grimpé a from 0.98% to 5,981.46 points, approaching noon, DAX 30 Frankfurt rallied 1.37% to 7,403.99 points and in Paris the CAC 40 index gained 1.26% to 4,027.66.

The index, Stoxx 50 of the larger companies in the advanced Euro 1.21% to 2,901.88 points.

Markets had already staged a technical rebound Wednesday after recent falls, taking their lead from firmer prices.

"European indices continue to trade higher for a second successive session... led by continuing confidence in resources stocks" said analyst Joshua Raymond financial spread-betting firm city Index.

Glencore, trader of more products in the world by revenue, said Thursday that he had raised about 10 billion (EUR 7.0 billion) through a set of the initial public offer at 530 pence per share.

At this price, the group is $ 59.2 billion and flotation mark the biggest IPO so far this year.

Immediately pushed strong unofficial trade market price.

"Offer of Glencore has seen a substantial interest of investors around the world and was significantly oversubscribed during the price range providing Glencore with a high quality, diverse and distributed geographically the investor base," said Ivan Glasenberg"Glencore, Director General.

The company, based in Baar, set on Thursday the final price for the introduction on the stock exchange to 530 pence in the 480-580 pence range which it had announced in early May.

Conditional - unofficial trade shares on the condition that they will be eventually be fully listed on the stock market - began Thursday on the London Stock Exchange, and the price rose to 548 pence shortly after the market opened at 0700 GMT. Later, he stood at 545 pence.

Official trade full shares will begin May 24 in London and Hong Kong on May 25.

US stocks had propelled at the same time more Wednesday on the back of the soaring prices of raw materials and better - that the gains expected from the manufacturer of the Dell, traders said.

However, the shares in Tokyo closed 0.43% lower Thursday, weighed down by weak Japanese data, falls of stocks of the utility and a mood of wait and see before the release later in the day us economic data.

European stocks fall as banking stocks weigh (AFP)

London (AFP) - European stock markets dropped morning trading Monday, with banking sectors and lower insurance after some updates of earnings disappointing.

Benchmark FTSE 100 in London fell from 0.32% to 5,957.74 points late morning deals. DAX 30 Frankfurt allow 0.75% to 7,436.33 points and in Paris the CAC 40 index lost 0.88% to 4,022.40.

The Stoxx 50 of the largest companies in the euro area index slid 1.19% to 2,917.72 points.

Shares in HSBC fell from 1.60% to 641.3 pence after Europe's largest bank unveiled mixed earnings. Lender focused on Asia of Britain said Monday that net profit sweeping 58 percent more than 4.15 billion (€2.88 billion) in the first quarter to lower taxes and the costs of the bad debt.

However, he added that before the Group gains tax were pushed down by monte in other outstanding charges, including money set aside to compensate Britain for, customers who have been sold-developed payment of insurance protection.

Another of the major banks of Britain, Barclays, has seen its price on the part of autumn 1.31% to 273.95 pence after the announcement of plans to set aside 1.0 billion pounds sterling (1.14 billion euros, $ 1.64 billion) to compensate clients who have been developed-sold protection to the payment of insurance (PPI).

In April, the British banks had lost an appeal of the High Court against stricter regulations of PPI, which can cover refunds on the products of credit for consumers who for example lose their jobs.

In trade in Frankfurt at the same time, Munich Re shed 1.56% to 110.30 euros after the greatest the world reinsurance company has unveiled a sharp first-quarter loss on major disasters in the Asia-Pacific region. He added that the Group should always be an annual profit.

Munich Re suffered a net loss of 948 million euros ($1.37 billion) in the three months from January to late March, compared with a profit of 485 billion euros in the same period a year earlier, a statement said.

Analysts surveyed by Dow Jones Newswires had expected an even greater loss of approximately € 1.1 billion.

Japanese shares closed 0.66% Monday on concerns about shortages of potential power following an appeal by the Government to close southwest of Tokyo's Hamaoka nuclear power plant, said brokers.

U.S. stocks firmly closed Friday, powered by data showing strong job creation in the largest economy of the world.

Greek debt fears hurt European stocks

LONDON - Swooning shares of the Bank contributed to a decline in the European stock exchange Monday as investors line venerate but more whether the Greece will need a second financial rescue in a little over a year.

Although reports Friday that the country is considering even to leave the euro have been flatly refused, investors think Greece will need assistance in the euro area and the Monetary Fund International is unable to take advantage of bond markets.

"What made the reports Friday is put the thorny subject of the debt restructuring sovereign return to top the political agenda and the economic agenda", said Michael Hewson, CMC Markets market analyst.

Responsible for the EU this weekend recognized that the Greece could need more help. Many investors believe however that a restructuring of the debt of the Greece is inevitable. This would mean what Greek bondholders will accept what the value of their property do are not what they thought they were when first, they bought their.

Greek bonds are held by a wide variety of institutions and they may be affected by a possible restructuring. As a result, the shares of the Bank throughout Europe have suffered.

In Europe, the FTSE 100 index leading British shares was by 0.4 percent to 5,952 while Germany DAX fell by 0.7% in 7,443. The CAC 40 in France was 0.8% lower than the 4,027. In Greece, the main index was decreased by 1.1%.

Bank stocks were lower across Europe. Deutsche Bank AG has decreased by 1.8% while BNP Paribas SA fell by 2%. Even the banks to the United Kingdom, which is not a member of the euro, has suffered too, with Barclays PLC fell by 1.3%.

The euro was doing a little better Monday after dropping heavily Friday, when the German magazine Der Spiegel said that Greece plans to leave the euro zone. The online report came after the close of European stock markets.

Late morning, the euro has been trading 0.2 per cent more raised $1.44. Friday, the euro slipped to a minimum of $1.4306 approximately $ 1.45 before speculation of output of the euro.

Although European markets struggle, Wall Street is ready to open strongly, as investor sentiment remains signs by data from Friday last with better forecasts U.S. jobs for April. Future Dow increased by 0.4% to 12,620, then that the future of Standard & Poor 500 of broader increased by a rate similar to 1,340.

Investors applauded Friday by the news of the Department of the work of the United States that the committed private sector employers 268,000 people in April, the most since February 2006. Work taking into account reductions are employees of the Government, the economy has added a total of 244 000 jobs throughout the last month, well over 185,000 jobs analysts had predicted and easing fears that the economic recovery was faltering.

The figures of U.S. jobs has also continue to support commodity and energy markets after big declines last week. Improvement of the hopes for economic recovery in the United States have helped allay the fears of much lower demand for these products.

In oil markets, a barrel of crude oil as traded to New York was back above $ 100 a barrel to $100.16, $2.98 up the day.

Earlier in Asia, Hang Seng Hong Kong spent 0.8 per cent to 23,336 then that S & P/ASX 200 the Australia added 0.3 for cent at 4,756.80.

But the average stock of Nikkei 225 of the Japan faced winds as the struggles of countries to rebuild after the earthquake of March and the tsunami. Decrease of 0.7% to 9,794.38, the index had lost 4 percent since the March 11 disaster has killed more than 25,000 people, destroyed cities, equalised a central nuclear and swept the entire industries.

Bordered Chinese 苏童 shares higher as investors pull bargains after big losses last week.

The reference index of Shanghai Composite index has gained 0.3 percent to 2,872.46 and index Composite's Shenzhen gained 0.7 per cent to 1,203.07. Actions of railways and of nuclear energy has led the gains.

European stocks mixed before data jobs of the United States

London  - European stock markets diverged Friday with traders student main election results and gains in Britain that they expected data on the use of the United States key.

Benchmark FTSE 100 in London fell by 0.28% at 5,903.11 points late morning deals. DAX 30 Frankfurt has increased from 0.60% to 7,420.63 points and in Paris the CAC 40 index grew up 0.39% to 4,018.33.

The index, Stoxx 50 companies of the tempered Euro 0.05% to 2,924.26 points.

The markets were nervous before us non-farm data pays to be published at 1230 GMT.

Prior to this date, economists have been assessing the implications in the UK of punitive defeat for the Liberal Democrats in local elections.

The junior coalition partners suffered huge losses through England to the vote on Thursday, while the Conservatives of Prime Minister David Cameron has survived largely unharmed.

Lib Dem leader and Deputy Prime Minister Nick Clegg said that his party had taken the brunt of the responsibility of the deep spending cuts introduced by the coalition years to rein in Britain's record deficit.

CITI Bank Group economist Michael Saunders concluded Friday: "it will be another 2-3 years before the budget deficit of the United Kingdom is back to tolerable levels... and if the coalition splinters before this date, the capacity of the United Kingdom to return to financial viability will be very much in doubt."

In the news of the company Friday, Royal Bank of Scotland said its loss net more than double to € 528 million pounds (594 million euros, $ 866 million) in the first quarter, the Bank has saved the State has been affected by the costs of rescue.

However the Bank improved underlying performance helped helped send its prices share six per cent to 42.91 pence in London on the rise.

Moreover, recently formed International Airlines Group won 2.85% to 253 pence after the Group combining British Airways and Spanish carrier Iberia announced a net profit of the first quarter of 33 million euros ($48 million).

The profit after the figure of tax for the three months to March 31 from an estimated net loss of 243 million euros in the first quarter of 2010, AIG said in a statement of results.

AIG, which was formed in January, posted a profit after increasing capacity and greatly reducing most of the costs. However it with a 31% increase of the cost of fuel during the reporting period.