2023-12-18 13:29:49
(Photo: The Canadian Press)
MARKET REVIEWS. Global markets were down Monday morning, but major U.S. indices were showing signs of life.
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.
The DAX German lost 0.3% and the CAC 40 French 0.5% at the start of the session in Europe, but the FTSE 100 British added 0.2%.
In New York, before the markets opened, the average Dow Jones industrial stocks and the broader index S&P 500 increased by 0.1%.
In Asia, the Nikkei 225 lost 0.6% in Tokyo. The scholarship of Shanghai fell by 0.4% and the Hang Seng plunged 1% in Hong Kong. Sydney lost 0.2% and Seoul a pris 0,1%.
On the New York Commodity Exchange, the price of oil added 60 US cents to US$72.03 per barrel.
The context
“Unlike other central banks where the focus is on rate cuts, speculation around the Bank of Japan still focuses on when the negative interest rate policy might end,” commented Deutsche Bank analysts.
The Bank of Japan displays a rate on bank deposits with it which has been stuck at -0.1% since 2016 and remains determined to maintain a so-called ultra-accommodating monetary policy, in order to support the Japanese economy which remains fragile .
“Concrete indications on the monetary policy of the Bank of Japan might lead to significant movements in the yen markets,” underlined Ipek Ozkardeskaya, analyst at Swissquote Bank.
On the foreign exchange market around 7:20 a.m., the American dollar ($US) was worth 142.78 yen (+0.44%) and the euro rose to 155.82 yen (+0.63%).
The European currency also climbed 0.17% to US$1.0914.
The Bank of Japan meeting comes following those of the American and European central banks last week, which pushed stock indexes to break records in the United States, France and Germany.
Black alert in the Red Sea
In recent weeks, Yemeni rebels, close to Iran, have increased attacks near the strategic Bab al-Mandeb strait, which separates the Arabian Peninsula from Africa.
Driven by concerns regarding supply difficulties via this trade route, oil prices were rising.
Around 7:20 a.m., the price of a barrel of North Sea Brent for delivery in February took 1.14% to US$77.42. Its American equivalent, the barrel of West Texas Intermediate (WTI) for delivery in January, gained 1.05% to US$72.18.
Danish Maersk, German Lloyd’s table (HLAGF, +4.61% in Frankfurt)the French CMA-CGM and the Italian-Swiss MSC announced on Friday that their ships would no longer use the Red Sea “until further notice”, at least until Monday or until the passage “ be sure”.
On Monday, the British giant BP (BP, +1,73%) also announced the suspension of all transit in the Red Sea.
On the London coast, Shell (SHEL) advanced by 1.32%. in Paris, TotalEnergies (TTE) gained 1.14% and in Milan, Eni (E) took 1.12%.
The German car skids
In Frankfurt, Volkswagen (VWAPY, -0.95%), Mercedes (MBGYY, -0,96%) et BMW (BMWYY, -1.40%) decline following the German government decided to abruptly end aid for the purchase of electric cars, due to budgetary constraints.
Hydrogen in green
Thyssenkrupp Nucera (TKA.HA, +1.59 in Frankfurt)specialized in the production of green hydrogen installations, saw its sales and operating profit increase significantly during the delayed financial year 2022-2023, but expects an operational loss of the order for the current one. of 50 million euros due to significant start-up costs necessary to develop its activity.
Iliad proposes merger with Vodafone
The British telephone group Vodafone (VOD) soared by more than 6% in London, following the proposal of the French Iliad to merge their activities in Italy in the face of strong competition in this market.
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