2023-11-14 14:54:50
(Photo: Getty Images)
MARKET REVIEWS. World markets are wait-and-see on Tuesday before the publication of an indicator on American inflation which remains decisive for evaluating the next decisions of central banks.
Stock market indices at 7:30 a.m.
Futures contracts Dow Jones rose by +8.00 points (+0.02%) to 34,393.00 points. Futures contracts S&P 500 increased by +2.50 points (+0.06%) to 4,427.75 points. Futures contracts Nasdaq increased by +29.00 points (+0.19%) to 15,576.00 points.
In London, the FTSE 100 decreased by -29.70 points (-0.40%) to 7,396.13 points. In Paris, the CAC 40 advanced +10.36 points (+0.15%) to 7,097.42 points. In Frankfurt, the DAX advanced +72.47 points (+0.47%) to 15,417.47 points.
In Asia, the Nikkei of Tokyo advanced +110.82 points (+0.34%) to 32,695.93 points. For his part, the Hang Seng Hong Kong fell -29.35 points (-0.17%) to 17,396.86 points.
On the oil side, the price of a barrel of American WTI fell -US$0.12 (-0.15%) to US$78.14. The barrel of North Sea Brent fell -US$0.18 (-0.22%) to US$82.34.
The context
The main event of the session is the publication of the CPI price index in the United States for the month of October. Prices are expected to increase by 3.3% year-on-year.
The indicator “is important for the market because we have seen a big change in yields”, with a sharp drop in two weeks in interest rates on government borrowing, “but it will not change much the outlook for the December meeting of the American Central Bank (Fed) because no one thinks that the Fed will change its positions so quickly, according to Neil Wilson, analyst at Finalto.
The markets expect the American Central Bank to maintain its key rate in the same range for a third consecutive time at the end of its next meeting in December.
“What will matter is the persistence of inflation over the coming months and the ability of the labor market to resist the rate increases already made,” said Neil Wilson.
On the bond market, the interest rate on the American government loan with a 10-year maturity fell to 4.62%, compared to 4.64% on Monday, while that of France rose to 3.28%, against 3.29% on Monday.
Vodaphone picks up
The British telephone group Vodafone, in the midst of restructuring, fell into the red during its staggered first half, citing in particular an unfavorable comparison effect after disposals a year earlier, and saw its stock fall by 2.74%.
The results “are going in the wrong direction for Vodafone, reflecting recent divestments and structural challenges” facing the group, summarizes Aarin Chiekrie, analyst at Hargreaves Lansdow.
Glencore invests in coal
Canadian group Teck Resources has announced an agreement with Swiss commodities trading giant Glencore to sell it a majority stake in its coal activities. The transaction represents 6.93 billion US dollars. The action of Glencore, listed in London, gained 3.26%.
The yen is still close to lows
The yen stabilized against the greenback, after reaching a new low of the year overnight from Monday to Tuesday, at 151.91 yen per US dollar, coming close to the threshold of 151.95 yen reached in October. 2022, which was a first since July 1990.
One dollar exchanged for 151.70 yen (+0.02%).
For his part, the euro took 0.24% to US$1.0724.
The prices of oil were stabilizing after rebounding on Monday, supported by the arguments of the monthly OPEC+ report which wants to dissipate “exaggerated negative feelings” on the prospects for global demand for black gold.
The barrel of Brent was trading at 82.42 dollars (-0.13%) and a barrel of American WTI à 78,20 $US (-0,08%).
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