Global Economy

Euronext  + NYSE  = the first transatlantic stock market (the biggest in the world)

Euronext is second-largest stock market and it will be bought for 7.8 billion euros

Euronext CEO Jean-Francois Theodore think that there are a lot of benefits in this nerger:

+ the new stock market will connect stocks and options in New York, Chicago and San Francisco, Paris, Amsterdam, Brussels, Lisbon and London (netting system);

+ The common trading system;

+ More liquidity;

+ Huge economies of scale;

+ A netting system suppressing risk and reducing margins.
It means «all settlements in one single platform»!

The NYSE is the world’s largest stock market (the total capitalization of companies’ shares = 11,000 billion euros).

according to http://euronews.net

This Friday 32 billion people (TV viewers and football fans) will be eye-witnesses of the start of the World Cup in Germany.

Let’s look at this sports event with relation to economy. German Institute for Economic Research says World Cup brings bad and good points for the national economy:

+ about 1 million tourists would like to visit Germany (football fans);

- but at the same time almost the same quantity of tourists would like not to come across with fans and they will refuse to visit Germany;

+ advertisers from Nike, Adidas, Coca-Cola etc. will fight for attention (and money) of football fans;

+ producer of sports ware and LCD television are sure that millions of dollars, that they spend on advertising, will be generously repaid.

But the World Cup means not only profits, but also losses!

Some economic experts think that British economy will lose about 4 billion pounds sterling, because employers will watch the games during their working hours (some of them will use the Internet to watch the games live), as a result - fall in productivity!

according to http://euronews.net