Global stock markets mixed tracking US rates outlook

European and Asian stock markets diverged Thursday, investors tracking the outlook for inflation and US interest rates as Donald Trump’s second presidency approaches.Sentiment was clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.While deflation suggests the cost of goods is falling, it poses a threat to the broader economy as consumers tend to postpone purchases under such conditions, hoping for further reductions.In foreign exchange, the British pound weakened to lows not seen for more than a year on worries about sticky inflation that could further hit Britain’s struggling economy.London’s FTSE 100 index — whose biggest companies earn most of their money overseas — gained as the pound sank against its main rivals.Paris equities also rose and Frankfurt dipped.US markets were closed Thursday as the country holds a national day of mourning for late former president Jimmy Carter.The drop in sterling comes as UK 10-year bond yields have surged, on Thursday hitting the highest level since the 2008 global financial crisis.That puts fiscal pressure on the Labour government, which could eventually force it to make spending cuts or hike taxes.”This move is shadowing a rise in US bond yields… alongside indications of persistent inflation that are prompting investors to review expectations for two (US) rate cuts in the year ahead,” said Lindsay James, investment strategist at Quilter Investors. The likelihood of limited interest-rate cuts by the US Federal Reserve — which last year hinted at four cuts in 2025 — has “cast a shadow over market sentiment”, said Matt Britzman, senior analyst at Hargreaves Lansdown.A report saying President-elect Trump had considered declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods added to the uncertainty on trading floors.Worries about Trump’s plans to slash taxes, regulate immigration and ramp up tariffs have led to warnings that prices could reignite.That has sent the yield on the 10-year US Treasury note surging and fanned speculation it could top five percent for the first time since October 2023.Friday’s US employment figures are now in focus for traders.The Dow and S&P 500 ended slightly higher on Wall Street Wednesday, but the Nasdaq dipped.In Asia, Hong Kong and Shanghai closed lower Thursday, reacting to the Chinese inflation data, which piles pressure on officials to ramp up stimulus to boost consumption.China’s leaders have unveiled a range of measures to kickstart the world’s number two economy, with a focus on getting people to spend, and support for the troubled property sector.On the corporate front, Thursday UK retailers were hit by negative market sentiment.Shares in supermarket Tesco dipped 0.5 percent and Marks and Spencer dropped more than eight percent on London’s FTSE 100, despite both posting strong results. – Key figures around 1630 GMT -London – FTSE 100: UP 0.8 percent at 8,319.69 points (close)Paris – CAC 40: UP 0.5 percent at 7,490.28 (close)Frankfurt – DAX: DOWN less than 0.1 percent at 20,317.10 (close)Tokyo – Nikkei 225: DOWN 0.9 percent at 39,605.09 (close)Hong Kong – Hang Seng Index: DOWN 0.2 percent at 19,240.89 (close)Shanghai – Composite: DOWN 0.6 percent at 3,211.39 (close)New York – Dow: Closed Euro/dollar: DOWN at $1.0296 from $1.0316 on WednesdayPound/dollar: DOWN at $1.2293 from $1.2361Dollar/yen: DOWN at 157.96 yen from 158.38 yenEuro/pound: UP at 83.75 pence from 83.44 penceWest Texas Intermediate: UP 1.2 percent at $74.18 per barrelBrent North Sea Crude: UP 1.2 percent at $77.07 per barrelburs-rl/jj

Sarkozy, une vie politique pied au plancher désormais engluée dans les déboires judiciaires

L’ex-président Nicolas Sarkozy, dont le procès du présumé financement libyen de sa campagne présidentielle de 2007 s’ouvre lundi, est un boulimique de la politique qui a encore récemment usé de toute son influence pour tenter d’empêcher son rival François Bayrou de rejoindre Matignon. Bien que condamné définitivement mi-décembre à un an sous bracelet dans l’affaire des écoutes, il est toujours considéré par une partie de la droite comme une référence et multiplie les rendez-vous dans ses bureaux où il reçoit à deux pas de l’Elysée, dans le quartier parisien de Miromesnil.Le tempo du ballet des amis et courtisans s’est même accéléré au cours des dernières semaines avant et après la censure du Premier ministre Michel Barnier, issu de la même famille politique que lui. Affichant une entente cordiale avec Emmanuel Macron qu’il rencontre régulièrement, tout en déplorant qu’il “ne l’écoute pas toujours”, il s’est rendu à l’Elysée le dimanche 8 décembre à la nuit tombée pour y dire tout le mal qu’il pensait de François Bayrou. “Il le déteste, c’est épidermique”, affirme un responsable LR qui, comme d’autres élus du parti, a rencontré récemment l’ancien patron de la droite, attribuant ses tentatives de torpiller François Bayrou à son choix de soutenir le socialiste François Hollande contre lui en 2012.Son influence sur son parti s’est confirmée en septembre lorsqu’il a appelé les siens à rejoindre l’exécutif dans une interview au Figaro, les incitant à renoncer au “pacte législatif” qu’ils défendaient pour rejoindre l’exécutif de Michel Barnier.- Revers judiciaires -Devant la justice, il enchaîne les revers. Le 18 décembre, il est devenu le premier ancien président à être condamné à de la prison ferme – dans ce cas sous bracelet électronique – son mentor Jacques Chirac s’étant vu infliger en 2011 deux ans de prison avec sursis dans le dossier des emplois fictifs de la Ville de Paris. La décision de la Cour de cassation a été rendue deux semaines avant l’ouverture du procès des soupçons de financement libyen de la campagne présidentielle 2007 de Nicolas Sarkozy, qui se tient du 6 janvier au 10 avril au tribunal de Paris, après une décennie d’investigations.”Je suis habitué à subir ce harcèlement depuis dix ans”, répète l’ex-président qui fête ses 70 ans en janvier. Après sa défaite de 2012, celui que les Français surnomment “Sarko” avait pourtant juré qu’on “n’entendrait plus parler de lui”.Mais ses démêlés judiciaires autant que sa vie médiatique, parfois aux côtés de son épouse, l’ex-mannequin et chanteuse franco-italienne Carla Bruni, ont fait mentir cette prédiction.Eternelle figure tutélaire de la droite, bien que contesté par certaines de ses figures, son évocation dans les meetings de son parti Les Républicains continue de déclencher des tonnerres d’applaudissements, de même que ses livres de souvenirs demeurent des succès d’édition.- “Petit Français de sang-mêlé” -Celui qui aime à se définir comme un “petit Français de sang-mêlé” – père hongrois, grand-père maternel juif grec – n’avait que 28 ans lorsqu’il remporte en 1983 la mairie de Neuilly, située dans le prolongement des beaux quartiers de l’ouest parisien.Doté d’un enthousiasme communicatif, d’une fougue verbale liée à une gestuelle débridée, Nicolas Sarkozy a eu le don de se faire autant aimer que détester, parfois par les mêmes, au long d’une carrière politique de quarante années à l’Assemblée nationale, dans plusieurs ministères ou à la présidence de l’UMP, l’ancien nom de LR.Un temps exclu du jeu à droite, il était redevenu incontournable lors de la campagne de réélection de Jacques Chirac à la présidentielle de 2002, avant de défier ce dernier depuis les rangs du gouvernement, comme très populaire ministre de l’Intérieur, et de s’ouvrir les portes de l’Élysée en 2007.”Président bling-bling” pour certains, gestionnaire habile de la crise financière de 2008 pour d’autres, il avait été le premier président depuis Valéry Giscard d’Estaing (1974-1981) à être battu en sollicitant un second mandat en 2012.Mais les luttes fratricides à droite lui ouvrent la voie vers un premier retour. Dès 2013, un “Sarkothon” permet d’engranger 11 millions d’euros pour compenser l’invalidation de ses comptes de campagne par le Conseil constitutionnel.”Moi, j’ai un lien particulier avec les Français. Il peut se distendre, il peut se retendre, mais il existe”, affirmait-il en 2013. Pêché d’orgueil? En 2017, il est écarté d’une nouvelle course à l’Élysée par un vote des militants de son parti, qui lui préfèrent son ancien Premier ministre François Fillon.

Chad says bid to storm into presidential palace foiled, 20 deadThu, 09 Jan 2025 16:36:54 GMT

Two dozen armed men tried to storm into Chad’s presidential palace but 18 of the attackers and two soldiers were killed in the failed attack, the national prosecutor said Thursday.Heavy gunfire erupted near the presidential complex just before 8:00 pm local time (1900 GMT) on Wednesday in the centre of N’Djamena, the capital of the …

Chad says bid to storm into presidential palace foiled, 20 deadThu, 09 Jan 2025 16:36:54 GMT Read More »

The US ‘Presidents Club’ convenes to honor Carter

It is the world’s most exclusive society and meetings are limited to infrequent state occasions, but the so-called American Presidents Club was in session Thursday to see off departed comrade Jimmy Carter.The five living men who have occupied the White House — Joe Biden and his predecessors Bill Clinton, George W. Bush, Barack Obama and Donald Trump — came together at Washington’s National Cathedral for their first encounter since the 2018 funeral of another former president, George H.W. Bush.The political establishment turned out in force for Thursday’s ceremony, with former vice presidents Mike Pence, Al Gore and Dan Quayle chatting amiably as the elite leaders group was seated nearby.It might have been an awkward affair, as Trump has denigrated most of the group in disputes of varying degrees of seriousness — and found himself sitting next to longtime sparring partner Obama.Trump launched his political career by pushing the racist and false “birther” conspiracy theory that his Democratic predecessor — the first and only Black president — was lying about being a natural born American.But the pair appeared able to put their differences on hold as television images showed them exchanging cordial small talk, with Obama smiling and laughing.It was also the first time since the election that Trump had been in the same room as his opponent Kamala Harris — whom he repeatedly accused of being mentally ill — and his first time in four years in close proximity to his estranged vice president, Mike Pence. Pence refused to endorse his former boss in the 2024 election after a mob that Trump sent marching on the Capitol to halt the certification of the 2020 election stormed the building chanting, “Hang Mike Pence!”Biden, who gave the eulogy, sat with First Lady Jill Biden beside Vice President Harris and Second Gentleman Doug Emhoff.Clinton and his wife Hillary Clinton — whom Trump defeated in 2016 to claim his first term — took their places next to Bush and his wife Laura.As the TV audience studied the presidents’ interactions, US media remarked on the added awkwardness of the leaders of Canada and Panama, two nations threatened recently by Trump, being sat less than 30 feet (10 meters) from the president-elect.Carter, who died on December 29, lay in repose in his home state of Georgia and then at the US Capitol, where the public paid their respects from Tuesday through early Thursday.After the funeral, Carter’s family will return to the Peach State for a private ceremony and a procession before he is buried next to his late wife, Rosalynn, who died in 2023. 

Prosecutor urges US Supreme Court to reject Trump bid to block sentencing

Manhattan District Attorney Alvin Bragg urged the US Supreme Court on Thursday to reject President-elect Donald Trump’s request to block sentencing in his hush money case.Trump is to be sentenced on Friday after being convicted by a New York jury in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels.Trump, 78, who is to be sworn in as president on January 20, filed an emergency application with the Supreme Court on Wednesday seeking to halt his sentencing after a New York state appeals court dismissed his bid to have the hearing delayed.Trump’s lawyers have made several legal maneuvers in an effort to fend off the sentencing, which the judge in the case, Juan Merchan, has already indicated will not result in jail time.”This court should enter an immediate stay of further proceedings in the New York trial court to prevent grave injustice and harm to the institution of the presidency and the operations of the federal government,” they wrote in their application to the Supreme Court.Trump’s lawyers have claimed that the immunity from prosecution granted to a sitting president should be extended to a president-elect.Bragg rejected their arguments in his response, saying that Trump was a private citizen when he was “charged, tried, and convicted for conduct that he concedes is wholly unofficial.””Defendant makes the unprecedented claim that the temporary presidential immunity he will possess in the future fully immunizes him now, weeks before he even takes the oath of office, from all state-court criminal process,” he said.- ‘No basis’ -Bragg also said the Supreme Court “lacks jurisdiction over a state court’s management of an ongoing criminal trial” and preventing sentencing would be an “extraordinary step” by the top court.”There is no basis for such intervention,” Bragg said. “The emergency application should be denied.”In their filing to the New York appeals court, Trump’s legal team had argued that sentencing should be postponed while the former president appeals his conviction, but associate justice Ellen Gesmer rejected that on Tuesday.Merchan said in a filing last week he was leaning towards giving Trump an unconditional discharge that would not carry jail time or probation.The sentence would nevertheless see Trump entering the White House as the first convicted felon to serve as US president. Trump potentially faced up to four years in prison, but legal experts — even before he won the November presidential election — did not expect Merchan to incarcerate him.Trump was certified as the winner of the 2024 presidential election on Monday, four years after his supporters rioted at the US Capitol as he sought to overturn his 2020 defeat.

“Pas un centime” d’argent libyen dans sa campagne, jure Sarkozy à son procès

“Pas un centime” d’argent libyen: Nicolas Sarkozy a juré pour sa première prise de parole devant le tribunal au procès des soupçons de financement libyen de sa campagne 2007 qu’il n’avait “rien” à se reprocher, et qu’il n’y avait “rien” dans le dossier.Premier à prendre la parole à la barre, l’ancien président commence par déclamer, solennel: “Dix années de calomnie, 48 heures de garde à vue, 60 heures d’interrogatoire”.Au total, dit-il, “10 ans d’enquête” où “on a fait le tour de la Terre” pour entendre divers témoins et chercher des preuves. Et au final, “on a trouvé quoi ? Rien”, s’emporte-t-il plusieurs fois.”Rien, me concernant”, précise l’ex-chef de l’Etat, qui est jugé au côté de 11 personnes, dont les trois anciens ministres Claude Guéant, Brice Hortefeux et Eric Woerth. Ce dernier est absent à l’audience du jour.Avec l’aide des deux premiers, ses proches, Nicolas Sarkozy est accusé d’avoir passé en 2005 un “pacte de corruption” secret avec le richissime dictateur libyen Mouammar Kadhafi, pour qu’il finance sa campagne victorieuse à la présidentielle de 2007.En costume sombre, chemise blanche et cravate noire, il s’exprime d’une voix forte pendant une quinzaine de minutes, faisant de grands gestes et prenant à témoin son auditoire.- “Escrocs” -Il se replonge, des tremolos dans la voix, dans le contexte général de l’époque: ses discussions “avec Barack Obama”, l’ancien président américain, sa “fierté” d’avoir “sauvé” les infirmières bulgares en 2007, puis l’intervention militaire en Libye votée à l’ONU.Pour lui, il y a trois “catégories d’escrocs” dans ce dossier: d’abord les anciens du “clan Kadhafi”, qui ont été les premiers à évoquer l’hypothèse d’un financement libyen juste avant la chute de Kadhafi en 2011, chassé par des rebelles notamment soutenus par la France qu’il dirigeait. Il attaque ensuite “ceux qui ont fabriqué” la note libyenne évoquant un accord de financement à hauteur de 50 millions d’euros, publiée par Mediapart, pendant l’entre-deux-tours de la présidentielle 2012 -“Quelle étrange coïncidence !”. Un “faux grossier”, martèle-t-il encore.Et enfin le sulfureux intermédiaire libanais Ziad Takieddine -prévenu au procès mais en fuite- et ses “16 versions” au cours de l’enquête. “Je ne sais pas pourquoi cet individu me poursuit d’une haine tenace.””L’argent de la corruption est le grand absent de ce procès et pour une raison simple: il n’y a pas d’argent de la corruption car il n’y a pas eu de corruption du candidat”, insiste l’ancien chef de l’Etat. “Y a de quoi avoir la colère”, justifie-t-il entre deux envolées.Jugé jusqu’au 10 avril pour corruption, recel de détournement de fonds publics, financement illégal de campagne et association de malfaiteurs, M. Sarkozy encourt 10 ans de prison et 375.000 euros d’amende, ainsi qu’une privation des droits civiques (donc une inéligibilité) allant jusqu’à cinq ans.- “Colère” -L’ex-locataire de l’Elysée (2007-2012), 69 ans, assure à la présidente du tribunal Nathalie Gavarino qu’il répondra “à toutes les questions”. “Comme je l’ai toujours fait, j’ai toujours assumé mes responsabilités et je compte bien le faire pendant ces quatre mois” d’audience, ajoute celui qui débute ici son cinquième procès en cinq ans.”Je veux deux choses, la vérité et le droit, si ce n’est pas un gros mot, le droit”, grince-t-il.”Je n’ai aucun compte à régler et certainement pas avec l’institution dont je sais pourtant qu’une partie m’a violemment combattu lorsque j’étais président. Naïf ou enthousiaste, je fais confiance”, assure enfin Nicolas Sarkozy, qui a régulièrement nommément mis en cause des magistrats dans les multiples procédures judiciaires le visant.Brice Hortefeux se lève à son tour. “Après 12 ans d’enquête”, assure-t-il en écho, “il n’y a rien. Je vous le dis avec une grande lassitude et une grande colère, rien ne justifie que je sois ici devant vous”.L’ancien bras droit du chef de l’Etat, Claude Guéant, promet lui de se “défendre pied à pied”. “Je l’ai dit cent fois, je le redis aujourd’hui, je n’ai jamais bénéficié d’argent libyen, je n’ai jamais sollicité d’argent libyen, je n’ai jamais vu circuler d’argent libyen”, dit l’octogénaire. “Le pacte corruptif n’a jamais existé.”

Clashes as crowds welcome Mozambique opposition leader home from exileThu, 09 Jan 2025 16:05:23 GMT

Mozambique’s main opposition leader returned from weeks of exile Thursday, insisting he won October’s presidential elections and welcomed by thousands of jubilant supporters, although  one person was killed as police tried to disperse the crowds.Several people were also wounded as police barred supporters from going to the international airport to meet Venancio Mondlane, who knelt …

Clashes as crowds welcome Mozambique opposition leader home from exileThu, 09 Jan 2025 16:05:23 GMT Read More »

Jimmy Carter unites US as presidents attend state funeral

Jimmy Carter brought a brief moment of national unity to a divided America Thursday as five US presidents gathered for the solemn state funeral of the 39th commander-in-chief in Washington’s National Cathedral.In historic scenes just 11 days before the inauguration of Donald Trump for what promises to be a turbulent second term, the incoming president and outgoing President Joe Biden set aside their bitter rivalry to mourn Carter together.Former presidents Barack Obama, George W. Bush and Bill Clinton also sat with them for the somber ceremony to honor Carter, who died on December 29 at the age of 100 in his home state of Georgia.Democrat Carter was widely perceived as naive and weak during his single term from 1977 to 1981, but a more nuanced view has emerged as the years passed, focusing on his decency and foreign policy achievements.Carter’s flag-draped coffin was transported from the US Capitol, where it had been lying in state, and brought into the immense cathedral by an honor guard of service members in ceremonial uniforms.His grandson Joshua Carter gave the first homily to the last president of the “Greatest Generation.”- ‘Decent man’ -President Joe Biden will deliver the eulogy for his fellow Democrat at the neo-Gothic cathedral, a traditional venue for send-offs of US presidents, from Dwight Eisenhower and Ronald Reagan to George H.W. Bush.Biden, who leaves the White House on January 20 after his own single term in office, has said that Carter asked him to do so when the pair — long-standing friends — met for the last time four years ago.”Carter was a decent man. I think Carter looked at the world not from here but from here, where everybody else lives,” Biden said as he gestured from above his head towards his heart.The funeral comes just days before another moment of profound change for the United States, with the return of Trump to the Oval Office.Obama shook hands and chatted with the billionaire Republican. There was also a brief moment of reconciliation for Trump and his former vice president Mike Pence, as they met and shook hands for what is believed to be the first time since the 2021 US Capitol riots when Pence refused to back Trump’s false claims to have won the 2020 election.The five presidents joined around 3,000 mourners at the service, and Thursday has been designated a national day of mourning, with federal offices closed.Carter, who served a single term before a crushing election loss to Reagan in 1980, suffered in the dog-eat-dog world of Washington politics and a hostage crisis involving Americans held in Tehran after Iran’s Islamic revolution finally sealed his fate.But history has led to a reassessment, focusing on his brokering of a peace deal between Israel and Egypt. He also received high praise for his post-presidential humanitarian efforts, and a Nobel Peace Prize in 2002.- ‘Thirst for justice’ -The first president to reach triple digits, he had been in hospice care since February 2023 in his hometown of Plains, Georgia, where he died and will be buried next to his late wife, former first lady Rosalynn Carter.Mourners began paying their respects on Saturday, as the carefully choreographed six-day farewell got underway with US flags flying at half-staff around the country.A black hearse bearing Carter’s remains paused at his boyhood family peanut farm in Plains, where a bell was rung 39 times and staff stood in silent tribute.Crowds gathered along the roadside to say their goodbyes, snap photographs or salute as the motorcade rolled slowly past.Carter’s casket arrived at Washington’s snow-covered US Capitol on Tuesday atop a gun carriage.It was accompanied by hundreds of service members, with military pallbearers carrying Carter to the Rotunda to lie in state ahead of Thursday’s ceremony — the first presidential funeral since Bush Senior died in 2018.Chuck Schumer, the leader of the Democrats in the Senate, described Carter as “one of the most decent and humble public servants we have ever seen.” “President Carter was a living embodiment of leadership through service, compassion, and a thirst for justice for all,” he said.

Shocked LA residents survey fire damage, brace for more

Shell-shocked Los Angeles residents on Thursday surveyed the devastation from wind-whipped fires that have engulfed entire neighborhoods and claimed at least five lives, as forecasters warned of further dangerous conditions.Several blazes were still burning out of control, with zero percent containment of fires in upscale Pacific Palisade and the northern suburb of Altadena — which have both been incinerated.”Altadena is just devastated,” said Judy Chu, the US congresswoman representing the region, who visited an evacuation center where 1,000 displaced residents sought shelter.”They are numb. They don’t know what they will return to once this fire is contained,” she told local news KTLA.Over 130,000 people across the western US metropolis remained under evacuation orders as meteorologists warned that “critical” windy and dry conditions, though abated, were not over.”Significant fire growth remains likely with ongoing or new fires” throughout Thursday and into Friday, said a National Weather Service bulletin.But there was some good news for Hollywood, the historic home of the movie industry.Residents were sent scrambling Wednesday night when a fire broke out in the adjacent hills.But evacuation orders were lifted Thursday morning, after emergency workers succeeded in dousing the so-called Sunset Fire.”Fortunately, the Sunset Fire is under control,” said Margaret Stewart, a spokeswoman for the Los Angeles City Fire Department.”We had multiple helicopters continuously dropping (water). And within an hour, a bulk of the fire had been knocked down,” she said.- Multi-million dollar homes -Fast-moving flames fanned by powerful winds have leveled more than 2,000 structures, many of them multi-million dollar homes in a tragedy that the US media describe as the worst in the city’s history.Millions of Angelenos have watched in horror as blazes have erupted around America’s second biggest city, sparking panic and fear.Winds with gusts up to 100 miles (160 kilometers) an hour spread the fire around the ritzy Pacific Palisades neighborhood with lightning speed.At least 17,000 acres (6,900 hectares) burned there, with 1,000 homes and businesses razed.A separate 10,600-acre (4,300-hectare) fire was burning around Altadena, north of the city, where flames tore through suburban streets.Los Angeles County Sheriff Robert Luna said five people were known to have perished, with more deaths feared.- Lost everything -Among those who died was 66-year-old Victor Shaw, whose sister said he had ignored pleas to leave as the fire swept through Altendena because he wanted to protect their home.”When I went back in and yelled out his name, he didn’t reply back,” Shari Shaw said.”I had to get out because the embers were so big and flying like a firestorm that I had to save myself.”Shaw’s body was found by a friend on the driveway of his razed home, a garden hose in his hand.William Gonzales got out alive, but his Altadena home was gone.”We have lost practically everything; the flames have consumed all our dreams,” he told AFP.Ride-hailing companies Uber and Lyft are offering evacuating residents free rides to shelter locations.Pasadena fire chief Chad Augustin hailed the bravery of first responders.”Our death count today would be significantly higher without their heroic actions,” Augustin told reporters.President Joe Biden canceled a trip to Italy this week to focus on the federal response to the fires, and is due to address the nation later Thursday.His incoming successor Donald Trump blamed the California governor Gavin Newsom for the devastation, calling on him to resign. “This is all his fault,” Trump said on his Truth social platform. – Climate crisis -Wildfires are part of life in the US West and play a vital role in nature.But scientists say human-caused climate change is altering weather patterns.Southern California had two decades of drought that were followed by two exceptionally wet years, which sparked furious vegetative growth — leaving the region packed with fuel and primed to burn — and then has had no significant rain for eight months.