2023-05-01 13:33:22
(Photo: The Canadian Press)
MARKET REVIEWS. Most global markets were closed for the May Day holiday on Monday, but Tokyo and Sydney were picking up the slack.
Stock indices at 8:15 a.m.
The futures contracts Dow Jones fell 24.00 points (-0.07%) to 34,176.00 points.
The futures contracts S&P 500 lost 5.75 points (-0.14%) to 4,182.75 points.
The futures contracts Nasdaq fell 20.25 points (-0.15%) to 13,300.00 points.
In Asia, the Nikkei Tokyo closed up 266.74 points (+0.92%) to 29,123.18 points.
For his part, the Hang Seng Hong Kong rose 54.27 points (+0.27%) to 19,894.57 points.
On the side of oilthe price of a barrel of US WTI fell by US$1.69 (-2.20%) to US$75.09.
The barrel of Brent from the North Sea fell by US$1.60 (-1.99%) to US$78.73.
The context
The Tokyo Stock Exchange ended at its highest in more than eight months on Monday, driven by the fall of the yen in the wake of the monetary status quo of the Bank of Japan, and supported by the optimism of Wall Street on Friday.
The New York Stock Exchange ended the week on the rise after the good results of tech giants like When (WHEN), Microsoft (MSFT) et Alphabet (GOOG)and before a crucial US Federal Reserve meeting that should lead to another rate hike in the United States.
The Bank of Japan, for its part, maintained its ultra-accommodative monetary policy on Friday, contrary to the turns of the screw observed elsewhere, causing the yen to tumble against the dollar and to a 15-year low against the euro, movements of favorable exchange rates for Japanese exporting companies.
Major stock markets were closed Monday in Europe and China due to a public holiday. The New York Stock Exchange, on the other hand, was operating normally.
On the side of values
SoftBank Group: the Japanese juggernaut of investments in new technologies SoftBank Group gained 1.35% to 5,163 yen. SBG confirmed in a statement on Monday that its subsidiary Arm, a British microprocessor giant, had “submitted confidentially” to the American stock market policeman (the SEC) a draft registration for its IPO in the United States.
The size and price range for this IPO have not yet been determined, SBG said, adding that the IPO is subject to market conditions and SEC review.
Sony: the title Sony (SONY) lost 1.83% to 12,595 yen after announcing annual forecasts below market expectations for its 2023/24 financial year which started on April 1 on Friday. It achieved record sales over the past financial year, benefiting from dynamic sales in video games, music and cinema.
Astellas: the pharmaceutical group Astellas (+2.19% to 2,093 yen) announced on Monday that it had reached a definitive agreement to acquire the American biotech company Iveric Bio for a total amount of around 5.9 billion dollars, with the aim of “creating a world-class entity” in the field of ophthalmology.
On the side of currencies and oil
The yen continued to fall against the dollar, with one dollar trading for 136.95 yen around 2:40 a.m. from 136.30 yen on Friday at 5:00 p.m.
The euro was worth 150.62 yen against 150.19 yen at the end of last week, and traded for 1.0998 dollars against 1.1019 dollars on Friday.
On the oil market, the barrel of WTI American lost 1.02% to 76 dollars around 2:25 a.m., and the barrel of Brent North Sea 0.86% to $79.64.
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