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Week of positivity of the international stock exchanges that retrieve a blanket. The increases range from 3% to 4% and come after a month of contraction in August. The rimbazlo started from the bottom of the American S & P 500 index, weekly on the frame, in fact, between 1030 and 1130, you are playing the game for the trend in the coming months. In the wake of U.S. stocks, European stocks closed the week in positive territory, to report the loss of power in the German index, the Dax, while maintaining a trend much better than other indexes. Instead suffers the Japanese stock market, pushed downward by the revaluation of the Yen. Among commodities, crude oil in the side while gold has brought us closer to his peak. The 135 share a transfer from the bund, although flare-ups can not be excluded recovery. The market generally expects convinced signals but only the passing area of \u200b\u200b1130 S & P 500 will give life to the movement. Earlier this week to support the purchase of the stock market have helped the long-awaited report on the labor market while it showed an unemployment rate rising to 9.6% in August from 9.5% in July, in line with expectations, the other has seen the number employed in the non-agricultural sectors decreased by less than expected: the jobs lost were 54,000, the same as the previous month (the figure was revised to -131,000 to -54,000), against expectations for a decline of 106,000 units. The indexes also have been strengthened during the week especially after the encouraging news came from Australia, whose gross domestic product was higher than expected, and China, where the PMI manufacturing index in August was back above 50 points, dividing line between contraction and expansion of the sector.

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's French newspaper articles that my mother cut with care. .. they are the mirror in France, how to see and consider in particular Italy and the South

NOTES OF A ' SUMMER SPECIAL

I had promised the sea and mountains ... Yet there are ...

the morning you are at Cherbourg, France on up ... and six in the afternoon Tortora, down in Italy. Let cool Norman dog days and you face the Calabrian. Farewell sweaters and rain, hello undershirt and drought. You get used to new sounds ... those of the cicadas, for example ...
In the space of five kilometers, see the edge of the Mediterranean sand, gray and burning the houses that overlook the blue sea and clear ... you turn around, and then see lofty mountains towering over the houses. If t'inerpichi a bit 'steep massif, sees villages, suspended above the ravines and streams, which are natural beauties. These two photos were taken by me in much the same place. The third presents the historical center of Tortora.

During the early afternoon hours, there's the heat. So many people do the rest. You, the French, what you want do? Open the windows right? Does it seem normal. But no, you can not do! Otherwise, the flies and mosquitoes invade the house and enjoy a sense of your skin. You can even fall asleep in the sun, the sea, and wake up with burns indelible ...
The sea is bordered by several Lidi everywhere - bathrooms that are called to the north - with free access (where we were), and behind the Promenade allows you to make a nice evening stroll with the "girlfriend" (if you have one course). The Beaches are transformed into the stage on which all sing, dance "I hereby release the braids to the horses" [1], but other songs, Neapolitan or foreign. Evenings are alive. Even in "town center" is troubled. Must also say that the shops are open until "late" (as opposed to Norman times!), ie around 8 o'clock in the evening. Compared to France, everything is shifted over time. At sea, there were few people before ten o'clock in the evening. Part of the French eat at fixed hours, at 19h or 20h. Here instead is eaten by nine (in short, as my house). You will also notice a change in diet: I do not know, however, in northern Italy to the south eat lots of vegetables and little meat. It will be a barrage of different things while we French have a habit of eating our "entree" (which may be as an appetizer or a soup or Italian more), followed by the "plat de résistance ", the main meal (even heavy at times) then the cheese el'insalatina, before concluding with the" dessert ". Sometimes there will be the first course (the one made of pasta), sometimes not. The meat if there will often be rolled in bread crumbs. I was lucky ... eggplant, tomatoes, peppers, hot peppers, melons, lemons ... all fresh, collected in the garden for every lunch and every dinner. Although I must say that breakfast is less important here than in France. Here a coffee would be enough (niet fresh baguette) with a snack (NB: This is the result of a perception and not go in any case considered as a generality).

also from other parts of Italy, but more so in southern Italy, you can not 'fail to recognize a strong Roman Catholic roots, reinforced the importance of the Church during prerisorgimentale the country, because there is so much in the festivities of the patron saint as in the minds of almost everyone. When you enter a house, you're almost sure to find an icon of Padre Pio, in fact, you see it everywhere. The churches, even in a small town, are many. A Tortora country (we are in the province of Cosenza), are three. At another level, as are several in a city with Maratea 44 churches. We went to Maratea (province of Potenza), is a beautiful city, which sits atop the mountains on the border between the Campania and Calabria. At the top is the old town, on the precipice, down is the port to which access was impossible for us because there were too many people. To reach the historic center, one must pass through the narrow maze, but from the view is amazing. Micah went to the statue of St. Blaise, a work that attempted to build on that of Rio de Janeiro. But already, the old town is beautiful and night, with all the lights, looks like a crib.

Italy as the French think is more or less what appeared to me. During three weeks, I've seen confirmed some stereotypical ideas from us: the narrow streets in villages, where the floor is made of marble, whose life is quiet, which older people are seated on the central square, under the umbrellas waiting for flow time, perhaps to make the gossips, the idea that all will be well known, there is a relationship between two guys in a country. It may happen that a whole family deal with a neighborhood. There will be a house occupied by his father, mother and children, on the ground floor, with his grandparents on the first floor, the neighbors will be uncles and cousins. When talking about family values, it is not a cliché . I also think that the French mind, an Italian driver will instinctively likened to a pirate of the road ... to the point than that, a newly licensed driver and Paris seem amateur. There are indeed automobilistacci, as elsewhere around the world, but in my opinion, in Italy, their leader based on his "prudence."

A little 'History.
Maybe I stepped on land that my ancestors a thousand years ago have also stepped on, because between 1020 and 1120, the Normans, whose leaders were natives of Coutances, a city close to mine, they set out to conquer Italy South. They came in that part of Italy after the Romans, Greeks, Barbarians (The Lombards): We are talking about the Brothers Altavilla ( Hauteville in French, by the name of their country of origin). That is why Norman towers, like the one located on the island of Dino [2], Dicor along the seafront. But also built castles as Cosenza, Cosenza, Calabria, the ancient master. Calabria in the substrate, there are some French words that testify to that time and the influences of the conquerors who have scored. For example, the pot in a Calabrian dialect, we say Casserole.


Island Dino


Norman Towers




[1] to lyrics Umberto Balsamo Balla
[2] Dino Island (also called Rock of Venus) first belonged to the family lambs. Now it is the state, but is not clearly defined (http://www.youtube.com/watch?v=s9TY9wMsdnA). A boat can 'go around it but does not allow access.
[Dino Island is the larger of two islands Calabresi and the other is the Isle of Cirencester. It rises on the northwestern coast of the Tyrrhenian Calabria, opposite the town of Praia a Mare in the province of Cosenza, the Capo of the Arena south of the country. Its name derives from the fact that the island was a temple (aedina) dedicated to Venus. Hypothesis is that it derives its name dall'etimo greek "dynamic" or vortex storm. In fact they were a dangerous time for the sailors in days of rough seas, the waters next to the tip of South Island, called Pronto.
It covers 50 acres with a maximum altitude of 100 meters. In the northern slope, facing head of the Arena, there is a small dock from which a road that leads to a development of 1,700 meters in the cottages in the upper part of the island. He sides with cliffs over 80 feet tall and some quite steep at the base of which is below that above sea level, erosion on the limestone has created many caves including that of the "Monaco", the "Sardines" where there are stalagmites, "Waterfalls", the "Lion "and finally the" Grotta Azzurra "which is the largest. But the most interesting cave on the island, although only accessible to experienced divers, Gargiulo is the Cave, which opens at 18 meters below the sea surface and extends deep into the island for a few tens of meters, completely submerged, with the except for two air bubbles. Access to part of the cave is also not advisable to subacqei, except to experts in cave diving.]

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negative session on Wall Street on Friday that because of concerns about the economic recovery. A weigh on the mood investors a series of macroeconomic data, much less encouraging: new applications for unemployment benefits last week rose to 500,000 units, reaching its highest since November 2009, disappointing forecasts of analysts had expected a decline to 480,000 units instead. Also disappointed by the superindex, despite the month of July has shown an increase of 0.1% (-0.3% on the data reviewed in June), stood below the consensus, set at 0.2%, and Philadelphia Fed index, slipping to -7.7 points in August from 5.1 in July, below expectations, subject to 7 points.

I have even canceled the positive data released Thursday before the opening, that have shown an increase of 13% for the weekly index of applications for mortgages (those for the actual purchase of real estate were down 3.4%) and 17% of applications for refinancing.

still bad real estate, with building permits have declined by 3.1% to 565,000 units, higher than the consensus, stopped at 576,000 units, and new construction sites that, though rising, 1, 7 % to 546,000 units, proved to be less than the forecast of analysts who had expected a rise to 560,000 units.

In line with the expected output prices, which rose by 0.2% (based on a core, an increase 0.3%, higher than the 0.2% consensus).

better than expected but it was revealed this week that industrial production in July recorded a 1% rise, well above the 0.5% expected by the market, as well as capacity utilization, rising to 74 , 8% from 74.1% in June, 74.5% more than expected. Finally

to report the information came from the University of Michigan, whose index of consumer confidence in its preliminary version in August showed an increase to 69.6 points from 67.8 the previous month, reaching beyond expectations, without to 69 points

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Markets

very undecided in the week. The beneficiaries were in the banking and financial week, always in the wake of the stress test, so the English and Italian indices which have within them a composition of overweight on banking shares. Negative instead of the U.S. markets after a set of GDP under the expectations. Interesting developments in the S & P 500 after the break of 1100 points Tuesday, the index has retraced Wednesday and Thursday, before recovering to close only to the 1100 closing on Friday. The compilation of 1100 will be very important to start a reversal of the uptrend.

As for the European market, the Eurostoxx 50 marks lows yet to be confirmed But the start of an upward trend after declines in recent months, only breaking the 2800 points would confirm a reversal of trend.

The Dax has a very similar situation Eurostoxx 50, would be very important to exceed the 6350 points: highs. Our index, however, Ftse Eb, breaks resistance at 21,000 points, the next goal of covering the gap to 22,000 points on April 28. To be confirmed yet if the excess of 21,000 points can be a false signal "a trap" for a return to the previous trading range, in August it will be the test case.

In terms of commodities, continuing the weakness of gold and oil retain its positive trend sideways. Within an exchange, even in the short tonic the Euro to the dollar while the pound gained positions.

Chart interesting: a three-month Euribor 6 months