2023-11-20 15:07:51
(Photo: The Canadian Press)
MARKET REVIEWS. Global markets were mixed Monday morning, following a third straight positive week on Wall Street.
Stock market indices at 7:30 a.m.
In Toronto, the S&P/TSX rose 154.76 points (+0.80%) to 19,590.74 points.
In New York, the S&P 500 gained 25.19 points (+0.59%) to 4299.70 points.
The Nasdaq advances by 108.43 points (+0.83%) to 13,201.28 points.
The DOW increased by 116.07 points (+0.35%) to 33,666.34 points.
The loonie rose by US$0.0013 (+0.18%) to US$0.7423.
Oil decreased by US$1.87 (-2.00%) to US$91.81.
L’or perd 9,20$US (-0,49%) à 1881,70$US.
Bitcoin advances by US$759.28 (+2.89%) to US$27,018.29.
Frankfurt slipped 0.1% at the start of the session in Europe. Paris added 0.3% and London lost the same margin.
In New York, before the markets opened, the average Dow Jones industrial stocks and the broader index S&P 500 were stable.
In Asia, the Nikkei 225 lost 0.6% in Tokyo. The purse of Shanghaï added 0.5% and the Hang Seng advanced 1.6% in Hong Kong. Sydney rose 0.1% and Seoul a pris 0,9%.
On the New York Commodity Exchange, the price of oil was up 50 US cents at US$76.54 per barrel.
The context
Monday’s agenda is poor for investors, both in Europe and the United States, and will be so for the majority of the week, cut off by the closing of the American markets on Thursday due to Thanksgiving.
The pace of corporate results publication is slowing, but a big chunk is still expected on Tuesday with Nvidia’s publication.
Investors will continue to scrutinize central banks, notably with the publication of the minutes of the last monetary policy meeting of the American Federal Reserve (Fed) on Tuesday.
The anticipation of a reduction in key central bank rates following the latest economic data explains “alone the rise in stock market indices last week and should continue, in the sessions to come, to support the trend”, according to Christopher Dembik, advisor in investment strategy for Pictet AM.
On the bond market, government interest rates are rising significantly in Europe and the United States following falling significantly last week.
Data on economic activity in November, with PMI indicators, will also be published on Thursday in Europe and Friday in the United States.
Bayer chute
The German chemical-pharmaceutical group Bayer (BAYN) fell almost 19% in Frankfurt, following interrupting clinical trials on its anticoagulant drug Asundexian, due to its low effectiveness.
The development of this drug was one of the most important projects underway for the group and its termination is “a hard blow”, according to Jefferies analysts.
Compass loses the north
The British catering giant Compass (CPG) fell 4% on the London Stock Exchange following publishing a lagged annual result that was a little worse than expected, despite an 18% increase in its net profit. In Paris, Elior (ELIOR) lost 0.96%.
Ashtead is different
The British industrial equipment rental group Ashtead (AHT) fell by almost 12% in London, following suffering from a drop in emergency interventions, linked in particular to a “calmer” hurricane season, and to strikes in the cinema industry in South America. North.
The dollar still under pressure
The yen briefly climbed more than 1% on Monday once morest a greenback weakened by American economic data suggesting that the prospect of a rate cut by the Federal Reserve (Fed) is getting closer. It gained 0.83% to 148.40 yen per dollar.
L’euro took 0.09% to 1.0925 American dollar for one euro.
The prices of oil rose on Monday, driven by market expectations of an announcement from Saudi Arabia on its production level for 2024 in the run-up to a ministerial meeting of the OPEC+ group (the Organization of the Petroleum Exporting Countries and its allies) .
The barrel of Brent was worth US$81.99 (+1.71%) and the barrel of American WTI 77,15$US (+1,66%).
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