2023-11-01 13:40:46
Global markets were mixed on Wednesday morning, the day following a rather positive session in New York. (Photo: The Canadian Press)
MARKET REVIEWS. The European stock markets are moving slightly lower on Wednesday and Wall Street is expected to follow the same trend, ahead of the decision of the American central bank, which should leave its rates unchanged.
Stock market indices at 8:00 a.m.
Futures contracts Dow Jones dropped -108.00 points (-0.33%) to 33,027.00 points. Futures contracts S&P 500 dropped -15.75 points (-0.37%) to 4,196.50 points. Futures contracts Nasdaq fell by -62.25 points (-0.43%) to 14,428.00 points.
In London, the FTSE 100 decreased by -8.71 points (-0.12%) to 7,313.01 points. In Paris, the CAC 40 fell -3.50 points (-0.05%) to 6,882.15 points. In Frankfurt, the DAX rose by +0.66 points (+0.00%) to 14,811.00 points.
In Asia, the Nikkei from Tokyo rose +742.80 points (+2.41%) to 31,601.65 points. For his part, the Hang Seng Hong Kong closed down -10.70 points (-0.06%) at 17,101.78 points.
On the oil side, the price of a barrel of American WTI gained +US$1.74 (+2.15%) to US$82.76. The barrel of North Sea Brent collected +US$0.01 (+0.01%) to US$87.42.
The context
In addition to the central bank, “the announcement of quarterly Treasury financing is planned,” underlines Neil Wilson, analyst at Finalto, and will describe the financing needs of the United States as well as the amount of bonds that the country intends to issue.
This “might be more important than the Fed’s decision for bonds,” he said.
At the end of its two-day meeting, the Fed’s monetary policy committee is expected to announce a status quo on its key rates, markets predict.
Deutsche Bank economists say Fed Chairman Jerome “Powell will likely reiterate that the Monetary Policy Committee may proceed with caution in its future decisions.”
“But since the last meeting, employment figures have come out strong and the underlying consumer price index (adjusted for volatile food and energy prices, editor’s note) reached its highest level in September. highest level in five months, it will therefore be interesting to see how these elements can influence the reflections” of the members of the Fed, they add.
On the bond market, the interest rates on government loans maturing ten and thirty years have particularly increased in recent weeks, the American ten-year yield has even exceeded 5% for the first time since November 2007, before falling once more. slightly.
The interest rate on ten-year US Treasury bonds stood at 4.90% compared to 4.93% at Tuesday’s close.
Investors will also pay attention to the monthly private sector job gains report for October from the ADP/Stanford Lab survey.
Asos action torn
The action of the online clothing sales group Asos fell by 10.45% in London following the announcement of an annual net loss multiplied by ten to almost 250 million pounds for its staggered financial year ending September 3. Asos also saw its turnover decline by 10% year-on-year.
Orsted coule
After the cancellation of a huge offshore wind farm project in the United States and writedowns of 3.8 billion euros, the Danish group Ørstedspecializing in renewable energies, fell 17.95% in Copenhagen.
Barry Callebaut: tasty results
The Swiss supplier of cocoa and chocolate preparations Barry Callebaut saw its turnover and net profit increase during its delayed 2022/2023 financial year and wants to double the size of its specialty activities as well as its activities in Asia-Pacific.
Its shares climbed 6.47% in Zurich.
On the side of oil and currencies
Oil prices were rising, still driven by geopolitical risk, even as market fears of a broader conflict erupting in the Middle East eased, ahead of the weekly release of US inventory figures.
The barrel of North Sea Brent for delivery in January 2024, of which this is the first day of use as a reference contract, took 1.83%, to 86.57 dollars while its American equivalent, the WTI for delivery in December, gained 1.85% to 82.52 dollars.
The Japanese currency recovered a little and gained 0.32% to 151.20 yen per US dollar, following a senior official from the Japanese Ministry of Finance assured that the Japanese government remained “on alert” in the face of the debacle of yen.
The euro fell 0.30% once morest the US dollar to US$1.0543 per euro.
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