Valerie Plagnol Quotations

Sentiment remains fragile... We are still waiting for signs that companies are rebuilding margins and investing again.

Rita's approach nabs the market's attention, taking precedence over all other news in the market,

Risks remain and uncertainty is on the rise, this was in substance the message of G7 finance ministers and central bankers this weekend, ... Even if global economic growth remains solid, it is suffering from high oil prices, U.S. deficits and the rise of protectionism.

We think the Fed is hesitating. It still intends to achieve monetary neutrality but it is not ready to shed away its caution as it fears uncontrolled inflationary skid.

As we were still in the process of assessing Katrina's impact on the economy, Hurricane Rita appears, stirring new worries of oil supply shortage in the United States.

It's too early yet to be alarmist but if these kinds of numbers were confirmed in December and January, it would mean that the bright interval we've had this summer was a flash in the pan, ... This is certainly a warning.