U.S. stock markets fall following results published by BoA.

[RTFX-Trading]

U.S. stock markets are down, the S & P 500 is down over 2%, the NASDAQ fell by almost 2%, while the DowJones is also down 2%. The results of Bank of America have disappointed investors despite the profit more than doubled in 1st quarter after a gain of nearly 2 Billion from the sale of shares of China Construction Bank Corp and $2.2 billion of gains tied to widening credit spreads. Nonperforming assets, meanwhile, totaled $25.74 billion, up 41 percent from year-end. The bank is still facing great difficulties.

The decrease in grants pushes investors to take refuge in the safe haven as the dollar has risen to 1.2930 against the euro, 1.1720 against the Swiss franc, 1.4560 against the pound sterling and 98.46 against the yen. The "carry trades" are also under pressure, the parities AUD / JPY, NZD / JPY, GBP / JPY and EUR / JPY is in sharp decline.

Nicolas Longchamp
RTFX Ltd
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