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Phil Dobbin, an analyst at Shore Capital, moved his stance on Henderson to "sell" from "hold", saying: "We struggle to see merit in this deal from Henderson's perspective, we view Gartmore as a damaged franchise which, we do not feel it is unfair to say, has performed disastrously since its IPO both operationally and in terms of stock rating."

Joining Gartmore amongst the laggards were a smattering of retailers as investors worried that the fresh bout of snow could melt sales during what is one of the most crucial trading periods of the year for the sector.

"While in normal times most of any retail sales lost to bad weather is also normally made up, this may be less the case than normal due to the proximity of Christmas," said Howard Archer of IHS Global Insight. But Nick Bubb, an analyst at Arden Partners, pointed out that as snow fell in London this time last year and caused disruption in January, there were soft comparatives coming up for retailers.

Nonetheless, Next, Marks & Spencer and Associated British Foods - owner of Primark - all edged back, falling 17p to ￡19.68, 2? to 372.9p and 5p to ￡11.28 respectively. Although the biggest casualty of the snow was British Airways, which fell 5 to 265.2p.

Amongst the second-liners, many retailers were on the decline. Dixons Retail, Home Retail Group and Mothercare fell 1.51 to 22.84p, 4.7 to 192.1p and 11? to 615p each. Also hurting the latter was another broker downgrade. UBS cuts its rating on the maternity and baby goods retailer to "neutral" from "buy" on valuation grounds.

Supergroup was also feeling the effects of a cautious broker note. The owner of the streetwear brand fell 27p to ￡13.34 as Execution Noble reiterated its "sell" stance on Supergroup.

But in a wider note on the retail sector, the broker said consumer confidence was thawing and as such, kept their "neutral" stance on the sector. "With redundancy expectations in the public sector becoming even more unrealistic and consumers already bracing themselves for a deterioration in their finances, we think there are further improvements to come for consumer confidence," said Execution Noble analysts.

Despite investors checking out of the retailers, the FTSE 100 as a whole was on better form. The benchmark index gained 19.86 to 5891.61 - just scraping a new high for the year - while the FTSE 250 put on 6.33 to 11433.11.

The rise came the Stoxx Europe 600 index climbed to its highest level since September 12 2008 - the last day of trading before the collapse of Lehman Brothers.

Helping the blue-chips into positive territory was a strong showing from the utility companies. Centrica and National Grid which put on 4.7 to 335.3p and 11 to 563p respectively.

Also on the ascendant was Diageo. The world's biggest drinks company gained 16p to ￡11.96, as it was also helped by a note from Unicredit.

The broker raised its rating on Diageo to "buy" from "hold", saying it believed that now is the time to turn more positive on the spirits sector.

Analysts pointed to the potential for M&A activity at Diageo, with opportunities "clearly emerging in the industry" and Diageo having the "financial muscle to take advantage of them".

Carnival and InterContinental Hotels benefited from broker upgrades too. The former sailed up 37p to ￡28.01 as analysts at HSBC started coverage of the cruise operator with an "overweight" rating. "We prefer Carnival to Royal Caribbean for its diversified fleet and branding, superior returns and lower leverage," said the broker.

Meanwhile, Numis upgraded InterContinental Hotels to "buy" from "add", pushing the stock up 15p to ￡12.49. Analysts said that the outlook for the hotel industry was improving and that the company was exposed to the recovering US market as well as having a "very strong" position in emerging markets such as China and India.

Amongst the second-liners, Exillon Energy and Cobham made an impressive entrance to the FTSE 250, rising 6.2 to 308.7p and 4.6 to 203.3p respectively. But identity theft insurer, CPP led the charge, putting on 20.9 to 305p ahead of a trading update on Tuesday.

The London Stock Exchange put on 15? to 838?p as Borse Dubai said it currently had no plans to sell its stake in the London exchange.

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NEW YORK (Reuters) – Short interest slipped on the New York Stock Exchange but was little changed on the Nasdaq in late November, two weeks before a sharp rally for stocks, according to data released by the exchanges on Thursday.

Although the S&P 500 fell 1.6 percent during the period, it has rallied more than 4 percent since the start of December as many investors predict a strong end to the year.

Short interest on the New York Stock Exchange slipped 1.2 percent to 13.65 billion shares through November 30, compared with 13.81 billion shares as of November 15.

Investors who sell securities short seek to profit from a decline in stock prices. They borrow shares and then sell them in hope of buying them back later at a cheaper price, pocketing the difference.

The short interest on November 30 was equal to 3.57 percent of the total shares outstanding, the NYSE said.

Short interest on the Nasdaq dipped 0.08 percent during the period to 7.034 billion shares, compared with 7.040 billion shares as of November 15.

The short interest on Nasdaq was 3.39 days' average daily volume, compared with an average of 3.47 days for the previous reporting period, according to Nasdaq.

(Reporting by Edward Krudy; Editing by Jan Paschal)

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The response set out in "inflation letter" this month is the same as in earlier this year.

MPC maintains official bank at historically low 0 5pc - interest rates policy put in place at the head off the coast of the recession and deflation, more than 18 months ago.If nothing has changed in the UK economy as successive letters had been written, which would logique.Mais much has changed, stressing the need for a shift towards the high interest rate.

First of all, the global economy has rebounded strongly - with the IMF project almost 5MC global growth this year in their forecasts for 3pc, autour there an an.Asie and other emerging market economies have provided lots of momentum.

But Germany - our second - most large national export - market also recorded the strongest growth and low unemployment has close to two decades.

Secondly, the British economy is returning to the stronger than expected growth.UK GDP increased by 2 8pc last year — advance the pace of recovery in the early stages of the two previous recoveries.

Employment has increased by approximately 350,000 since the beginning of 2010.And manufacturing industry has recorded the highest growth since 1994, supported by strong world growth and a competitive exchange rate.

Thirdly, the inflation Outlook changed considérablement.Cette times last year, the PPC should less than target inflation in the second half of 2010 and remain under target until the end of 2012.

Inflation significantly exceeded the previous forecasts, even taking into account the tax changes announced in the budget this year.Forecast inflation of the Bank have consistently underestimated movement shorterterm impact of the global increase in energy prices and raw and consistently overestimated the pressure on inflation, declining capacity reserve in the British economy.If we learn these mistakes of the past, we are likely to repeat them.

Low wage growth is often cited as a pressure downward inflation which is expected to offset rising import .but, price pressures that increases in earnings in the private sector was mastered in the recession, they are now pick up yet - supported by recovery and high headline inflation.

Already inflation remains above target, the more worried that we should he will push wage increases and inflation more generally expectations.

There are clearly some uncertainty about economic growth and international economy and the gouvernement.Cependant deficit reduction program future inflation it would be not concerned about declining due to the crisis risks financière.Notre experience in recovery is now the growth and inflation were higher prévu.Et the pace of the increase in interest rates can be adjusted changing economic circumstances.

The official discount rate has now been kept unchanged during the longest since 1939 - 1951 .and it is maintained at an exceptionally low level.

If we continue this policy in the evidence to the contrary on growth and inflation, I see a growing risk of two results désagréables.Taux interest may need to increase much more pronounced in the future, creating a severe twitch with confidence and recovery.

Or a more disturbing, commitment to the Bank of England inflation target is seriously questioned by financial markets, businesses and the public and loses credibility.

The longest it has no reply CPC to relatively high inflation in an economy recovery, become more these risques.Il now is the time for monetary policy to the United Kingdom to return to the business and interest rates to rise gradually to more normal levels.

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Capital Shopping Centres, which owns Lakeside Essex and 12 other shopping centres in the interest of the country showed America.

My CCS and Peel Holdings, led by John Whittaker, announced details of the proposed acquisition, billionaire makes Manchester shopping centre of property assets most expensive ever in the United Kingdom and placement to raise up to 275 million to ￡.

Simon Property Group, which owns 5 6pc asked the CSC in a letter received on 24 November does not proceed with acquisition or to give him time to prepare potential cash offer.

SCC appeared to reject the indicative offer, saying in a statement Thursday that the offer was a "" Prime not specified in the net asset value"."

She added that "the letter does not contain any offer or indicative offer nor any certainty which would offer".

Shares of the British company, which owns shopping malls Lakeside and Merocentre, increased by 10pc in early trade.

The terms of the agreement will be see Peel receive 750 m ￡ for shares and convertible bonds and CSC take on 850 m ￡ debt and other elements of passif.Peel held 19 9pc CSC after sale - potentially 24 9pc if he converts links - what makes largest investors the FTSE 100 company.Mr. Whittaker will become Deputy Chairman.

Alongside of the agreement, CSC provides an implementation of equity of up to 9 9pc its capital to lower rates of loan-to-value 53pc to 40pc and 50pc.Peel contribute 75 m ￡ worm collection of funds.

Fundraising would be the third in less than two years, a period that had seen him also undertaking following liberty CCS International.Actions fell 18.1 - 5MC - p 337.4 Wednesday, as David Fischel, Chief Executive told investors placing shares.

Analysts of JP Morgan said: "Although we do not believe Trafford purchase would be a boon to 5mC initial performance, Center consults a fitting addition to perfect the CSC.En portfolio, implementation was announced equity was suspended in the air and we welcome the reduction potential leverage."

Peel said the agreement would "expand its investments.

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Prenant la parole à la Banque d'Angleterre aujourd'hui, Ros Altmann, directeur général du groupe saga, a averti que historiquement bas des taux d'intérêt pourrait conduire à une autre crash financier qui laisserait les pots de pension ? décimés ?.

Elle a expliqué médiocres ont été incitant les épargnants de prendre des risques accrus avec leurs pensions qu'ils s'approchaient de retraite.

épargnants ont vu leur taux de retours hit bas comme la Banque d'Angleterre a maintenu les taux d'intérêt à seulement 0,5 % depuis mars 2009.

Dr Altmann a déclaré: ? très faible taux sont ayant un effet dommageable sur les pensions et les retraités. ?

Elle a averti des dangers de la hausse de l'inflation si les taux d'intérêt restent trop faibles depuis trop longtemps.

? Investisseurs de pension et des gens qui achètent des rentes sont frappée par les faibles taux à long terme et retraités souffrent de faibles taux à court terme ainsi que leurs revenus de l'épargne ayant diminué et qu'ils ne font que.

? De plus, ils ont été touchés par une inflation élevée, donc ils peuvent protéger n'est plus la valeur de leur capital.

Nous voyons déjà des signes de la hausse de l'inflation et cela a endommagé retraités significativement déjà.Leurs revenus de l'épargne n'a pas suivi l'inflation, la plupart des rentes sont achetés sans aucune protection de l'inflation et une hausse continue de l'inflation plongera plus retraités dans la pauvreté à l'avenir.

Vieillissement de la population, avec moins d'argent à dépenser, pourrait faire baisser la consommation et la croissance économique, a-t-elle ajouté.

Elle a appelé le gouvernement à prendre des mesures, ce qui suggère qu'elle émet des obligations spéciales pensionné qui aident à fournir un revenu supplémentaire aux pensionnés capturés par la perte de leurs revenus de l'épargne.

Elle dit que le gouvernement pourrait aussi envisager des produits de protection contre l'inflation pour les pensionnés, comme faire revivre les produits d'épargne nationale qui ont été récemment retirées.

Deux des plus populaires produits investissement soutenu par l'état ont été retirées du marché plus t?t cette année au milieu austérité lecteur du gouvernement.

National d'épargne & Investment a retiré son inflation battant fixe intérêt certificats d'épargne et de réduire les taux d'autres produits.

Le groupe craint la demande des consommateurs pourrait imposer un fardeau trop élevé du contribuable, à un moment où les finances publiques sont sous pression sans précédent.

Andrew Hagger, un expert d'épargne au site Web de finances personnelles à Moneynet, a déclaré: ? il semble n'être aucune lumière du tunnel, de nombreuses personnes ayant déjà utilisé une grande partie de leur épargne.Ils vont rendre à un stade où il n'y a aucune où autre faire. ?

Robert Bullivant, directeur général de pensions courtier en direct la pension, a déclaré: ? la grace de sauver seul est la performance de la boursières et si quiconque a séjourné dans des actions verront un fonds plus grand qu'il y a un an.Mais si elles se sont tournés vers la trésorerie, ils n'ont pas vu beaucoup la croissance.Gens doivent maintenant passer à la caisse bloquer les gains boursiers.Si vous perdez ces gains et souffrent de faibles taux d'intérêt, c'est une double whammy pour les pensionnés. ?

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Conglomerate media, which already has four national newspapers in United Kingdom, including The Times and the Sun and is the largest broadcaster by turnover, wants to buy 61pc satellite television chain that does not have.

Mr. Cable, which made the order under the Enterprise Act has said in a statement: "on the basis of information and the sub-missions I had, I decided it appropriate to issue a notice of intervention in this case,"

"Independent experts to OFCOM will now be investigate and report me on plurality of the media which may arise from this acquisition project issues."

News Corp today all concerns, issued a brief statement saying "trust" the proposed acquisition would have no impact on media pluralism.

OFCOM has until 31 December to submit its report on the question of whether the News Corp should be allowed to take control of television via satellite.

Mr. Cable will decide then refer the matter to the Competition Commission.

The question of a plurality of the media in the light of the proposal by News Corp get more attention to the Parliament today one debate in the House of lords to the plurality of the media directed by lord Puttnam unfolds with a long list of prestigious peer who fréquentent.Plus 20 peer are planned, including Lord Myners, Lord Birt and Lord Razzall.

There was growing opposition to submission of Deputies, but in recent weeks, the Cabinet was split on his views on News Corp bid.

Some, including Mr. Cable thought from the beginning that there are grounds for a test of public interest, while others questioned if there is a significant difference if News Corp full property - he has already 39pc BSkyB and James Murdoch, who directs the operations of European and Asian News Corp, is currently Chairman of BSkyB.

Mr. Cable track owners of media across News Corp position on the British market concerns, take total control of BSkyB.

Groups of media, including the BBC, Channel 4 and the owners of the Daily Telegraph and Daily Mail, has written to Mr Cable last month urging to return the submission to OFCOM.

Mr. Cable said that intervention was made on the basis of the presentations and information the Secretary of State has received regarding the proposals.

It follows formal notification of News Corp in Brussels yesterday its intention to take complete control of BSkyB.La European Commission will make a decision for reasons of competition by December 8.

News Corp is a 700 p-a-share offer to BSkyB was valued at ￡ 12. 5bn - one character described as undervaluing significantly the assets by the Board of BSkyB.

Nicholas Ferguson, Deputy Chairman of BSkyB, stated that no figure below 800 p is acceptable.Il has the full agreement of the Council in this approach, including Allan Leighton, former President of the Royal Mail and Executive Director of ASDA.

Some institutional shareholders have stated that they would like to see a considerably higher than 800 p offers.

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基础连接已经关闭: 服务器关闭了本应保持活动状态的连接。
NEW YORK--The wait is almost over.

After a two-month rally in the stock market, some investors are about to see if they get what they wished for: more Republicans in Congress and lots of cheap money.

The U.S. stock market has priced the Republicans gaining ground in Tuesday's des elections, an outcome widely seen as more business-friendly, as well as the Federal Reserve pumping billions into the economy through Treasury debt purchases. The Fed's statement on Wednesday afternoon at the end of its two - day policy meeting is widely anticipated for details of the central bank's economic stimulus plan.

Jobs will be a touchstone, with the high U.S. unemployment rate figuring into the campaign rhetoric of Democrats and Republicans alike Journal des elections.The federal government's non-farm payrolls report, due on Friday, is expected to show a gain of 60,000 jobs in October, compared with September's loss of 95,000 jobs, according to economists polled by Reuters.The U.S. unemployment rate, however, is seen holding steady at 9.6 percent.

More earnings from S & P 500 companies and a steady stream of top-tier economic indicators will give investors more evidence of the economy's health throughout the week.

A series of foreign central bank meetings is also on tap.

But these numbers serve will mostly as backdrop to the outcome of the elections and the Fed meeting.

With so many variables in the week ahead, Wall Street professionals are unusually reticent to call the market.

Only one thing for sure seems: Volatility will play a major role.

Traders expect the week to end with a swing of around 2.5 percent in either direction, based on options activity journal American S & P 500 fund.While that is not out of the ordinary, traders could see significant volatility during the week as events unfold.

"It will probably be a very volatile and very active market because there are a lot of moving parts," said John Praveen, chief investment strategist of Prudential International Investments Advisers LLC in Newark, New Jersey.

Fireworks after Fed?
If there are fireworks, they will probably come after the Fed's two - day meeting. On Wednesday, the meeting will conclude with a statement at 2: 15 p.m. EDT, That could create a dead period for markets at the start of the week, especially if the elections' results are in line with predictions.

Expectations of the size of the Fed's purchases of U.S. government bonds have been coming down in recent days.That has kept the stock market locked in a tight range, but it has also opened the door for upside surprises.

"Two weeks ago, the Fed was everyone poised to disappoint the market," said Burt White, managing director and chief investment officer of LPL Financial in Boston."Now, it's much more balanced, and maybe even leaning toward a slight surprise."

Most leading economists expect the Fed to buy between $80 trillion and $100 trillion worth of assets per month, according to a recent Reuters poll of primary U.S. Treasury dealers.Estimates for how much the Fed will eventually spend varied widely, from $250 billion to as high as $2 trillion.

The Bank of Japan has moved its policy meeting forward to the end of the week, right after the Fed's meeting.Investors suspect the Japanese central bank - whose board members will meet on Thursday and Friday - may respond by stepping up its bond purchases in reaction to the Fed.

The Bank of England and the European Central Bank are also set to hold policy meetings during the week.

Among the readings on the U.S. economy expected during the week, Wall Street will watch two reports from the Institute for Supply Management.The ISM index on U.S. manufacturing for October, due on Monday, is forecast to dip to 54.0 from September's reading of 54.4, the Reuters poll showed. The ISM service-sector index for October, due on Wednesday, is seen edging up to 53.5 from September's reading of 53.2.

All about the House
Traders are online betting forum InTrade are betting there is more than 90 percent chance of the Republicans winning the House, meaning the degree of the potential victory could be more important than the win itself.

InTrade traders are pricing in a 45 percent chance that Republicans will win more than 60 in sous 435-seat House - they need to gain the 39 sous to control the chamber - and a 55.5 percent chance that they will take the Senate.

A stronger-than-expected showing Republican in the House and a Republican coup in the Senate could be a boost for the stock market.To be sure, some would view the failure to take the House as a blow.

Bernie McSherry, senior vice president of Cuttone & co, a New York Stock Exchange floor trader, said if exit polls point to a surprising result, then that could filter into markets on the same day.

"You could see some reaction late in the day on Tuesday, but only in the case of a really substantial surprise," he said."If it proceeds as expected or is too close to call, I think people will hold off until the following day."

Volatility play
Wayne Kaufman, chief market analyst of John Thomas Financial in New York, said his firm is betting stock prices will rise near-term as earnings beat estimates.But his firm will view any sharp pullbacks in stock as a buying opportunity.

"We are long the market," he said."We are watching to see if we are going to have signs of distribution, but we are not going to forecast that happening.""We will be in a reactive mode, we will respond to what we see."

The CBOE Volatility Index, or VIX, is still relatively low, but it has been picking up steam in the last several days.The index, a popular gauge of investor anxiety, rose 1.5 percent on Friday to close at 57.28.

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According to a public poll Citi and YouGov, expectations of inflation in the year to come currently stand at 3pc, compared to 2 9pc in September.

"Expectations of inflation for the year to come step are higher since September 2008," Citi economist Michael Saunders said .the ' inflation was then running at 5 2pc - a maximum of 16 years, compared with currently 3 1pc.

Policymakers are concerned that rising inflation expectations could become self-fulfilling work through price and wage settlements. Mervyn King, Governor of the Bank of England has already warned: "If this occurs, it would be expensive to bring down inflation.

Interest rates would increase, potentially crippling recovery based on a loose monetary policy offsetting expenditure cuts and tax increases.Most economists expect interest rates to remain low at least until the second half of next year, and many believe that the Bank will restart quantitative easing with an additional $ 50 billion ￡.

"The increase in [...] long-term inflation expectations."could well reflect actual inflation data, although UK inflation above target and well above forecasts [Bank]," said Mr. Saunders.

To date, however, it is little evidence that higher inflation expectations are becoming intégrées.La most pay transactions worth between 2pc, 3pc and these last months, lower than the rate of inflation, according to a study of income Data Services published today.

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The Chancellor welcomed as a "vote of confidence" in the economic policies of the coalition in the week following the comprehensive spending review. Economists warned that the good news may be tempered by rising earlier than expected interest rates.

Andrew Sentance, Member of the Bank of England monetary policy Committee said that it was in favour of raising interest rates.

He said: "There is a mismatch between what happens with inflation and growth, which we have heard about today and the level of interest rates a little".

"I am in favour of gradually move from their very low level which I think it can interest rates occur without disrupting business and consumer confidence."

Interest rates have been historically low levels since the credit crisis took place with the Bank of England, maintain rate at 0.5% since March dernier.Il had been planned, there is very little change before the end of next year, but on the back of strong growth of yesterday some traders were two rate increases at least from before then, with a basic rate of
1 per cent at the end of 2011.

A House with a typical mortgage of ￡ 150,000, assuming a variable rate of 4 per cent owner would have their monthly payments increase to approximately ￡ 790 approximately 830 ￡ if rates have increased by 0.5 %.Banques would also increase the cost of fixed-rate transactions.

However, it would be good news for the majority épargnants.La accounts currently on the market fail to offer its customers a real return on investment.

Before the publication of the figures yesterday, the coalition has been made to a significant drop in the growth rate of 1.2 %.Mais instead of the planned growth of 0.4% second quarter by many commentators, gross domestic (GDP) increased by 0.8 between July and September, said snolab.

The Board argued that the circumstances of the figures Q2 - an economic rebound after a particularly cold winter - meant that the most recent data do not represent a slowdown in the economy.

Last week, Mr. Osborne announced reductions intended to restore some credibility to the economy of Great Britain, a decision which seems to have been approved yesterday by standard & Poor ￡ 81 billion.

Welcome to what he calls a "double dose of good news" of the economy, the Chancellor said: "what you see today, in an uncertain global economic context is Britain's growth, increasingly more strongly, growth, we have seen in this part of the year for a decade and also our country credit rating is guaranteed.

"This is a great vote of confidence to the United Kingdom and a vote of confidence in economic policies of the Government of coalition.Je believes to be underpin confidence in the recovery for the future".Ses believes that the growth figures are a clear sign that Britain has escaped double-recession.

Economists have noted that construction, which contributed 0.2 point of quarterly growth was caused by government spending.

The pound dropped after the figures have been announced.

Mr Osborne said: "it gives me confidence that, although the global economic situation remains unstable, a sustained recovery is underway.".

Said that the market had expected an increase in interest rates next year, but that both increases in rates must now merchants.

Company gave a cautious welcome, growth, but there were warnings about the imminent impact of cuts and increase in VAT new Année.David Kern, Chamber of commerce UK Chief Economist said: "we must not forget that we have not yet seen the impact, deficit reduction measures for."

A vote of confidence in the economy, JP Morgan Chase is on the verge of agreement to move forward with Development Office 1 billion pounds in Canary Wharf that had been threatening scrap.

Alan Johnson, the Shadow Chancellor stated that figures show that the momentum "rest support labour economy."

He added: "the risk for the future, is that the Government adopted a plan to cut one million jobs, but no plan to support the private sector in their replacement.".

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Bank of China said it would raise the rate of the RMB loan 5 5 31pc 56pc year and yuan year drops 2 5pc 2 25pc Wednesday rates.

The move reflects official concerned financial bubble property China and persistent inflation, with the consumer price index is expected to increase by 3 6pc-on-year in September.

However, the rate suddenly touring European poorly markets feet which reduces earnings earlier and caused oil prices to soak. Meanwhile, the dollar rose against all major currencies.

"The increase in interest rates is entirely outside the expectations of the market," said Zhu Jiangfang, Chief Economist at securities CITIC in Beijing.

"The Central Bank acting forward because the recent increase in headline inflation rate real interest in negative territory."

China is due to report the figure of his domestic product gross third quarter and other economic data Thursday and some analysts have speculated that the figures would enter into more strongly than expected.

Prior to the increase in interest rates, the consensus was that the economy developed by approximately 9 5pc-on-year last quarter, down from 10 3pc in the second quarter.

"This is a surprise, but welcome, randonnée.Elle suggests high inflation and figures of GDP Thursday, but also some concerns about property," said Ben Simpfendorfer, Chief Economist at the Royal Bank of Scotland."

Key meeting late last week to discuss the next five years of China's leaders, has promised to focus more on economic growth "inclusive", was widely interpreted as a slower, but more widely shared, expansion would contribute to the Chinese economy rebalancing and boost domestic consumption.

"We have long anticipated a rise in rates before the end of the year and intends to our current forecast of 50 basis points (0 5pc points), rate other hikes in 2011, said Nick Chamie's RBC.".

The move comes in advance of the meeting of the heads of the Group of 20 finance weekend rich countries and emerging in Korea of Sud.Il should be overshadowed by a dispute between China and on the evaluation of the yuan United States and growing fears of protectionist currency wars.

China is facing increasing political pressure to curb its economy led by investment and promote domestic demand in order to re-balance the global economy and reduce the huge trade surplus of the country.

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