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Hollande admits France will grow less than expected this year

French president Francois Hollande traveled to Athens on Tuesday where he held a press conference with the Greek PM Antonis Samaras. He admitted that the French economy will grow less than expected in 2013.

Hollande acknowledged that the growth target, established at 0.8%, would not be reached and announced that a more realistic projection would be put forward at the end of March, at the same time as a budget plan for 2014 will be presented, according to the European Commission´s guidelines.

Forex: GBP/USD back at gains after NY opening

The GBP/USD returned to base, the opening price area around 1.5466, for the NY opening. Now that the US session has started, the market is edging higher again. The pair is currently trading at 1.5475 and is eyeing the highs made at the London morning, where the 1.5500 mark was tested.
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American equity markets open positively after long weekend

The US Stock market experienced a green opening Tuesday as American investors return to work following the brief respite that was Presidents Day in the United States. The paramount focus will surely be the looming debt ceiling negotiations and the impending March 1 date, which is scheduled as the point where a sweeping number of tax cuts will trigger.
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