2024-01-22 13:31:55
(Photo: Getty Images)
MARKET REVIEWS. World stock markets are progressing on Monday, with the exception of China which will become usual in 2024, letting themselves be driven by the American technology sector which has allowed Wall Street to break records.
Stock market indices at 7:30 a.m.
London, Frankfurt et Paris added between 0.4% and 0.7% at the start of the session in Europe.
In New York, before the markets opened, the average Dow Jones industrial stocks rose by 0.2% and the broader index S&P 500 of 0.3%.
In Asia, the Nikkei 225 added 1.7% in Tokyo. The scholarship of Shanghai tumbled 2.7%. THE Hang Seng plunged 2.3% in Hong Kong; the index has lost 10% of its value since the start of the year. Sydney added 0.8% and Seoul lost 0.3%.
On the New York Commodity Exchange, the price of oil dropped 46 US cents to US$72.79 per barrel.
The context
“Optimism is back, with more and more investors believing that the bearish streak is now over for stocks,” particularly following solid economic data in the United States, estimates Pierre Veyret, analyst at ActivTrades.
But this feeling will be confronted with a lot of other economic data during the week.
On the macroeconomic side, the Central Bank of Japan ends its two-day meeting on Tuesday and the European Central Bank meets on Thursday. Leading indicators of PMI activity are expected in Europe on Wednesday, US growth on Thursday and inflation in the United States on Friday.
A sign of investor confidence ahead of the ECB, the gap between the German and Italian interest rates is hovering around its lowest levels for six months.
Corporate news is also filled with results, from Johnson & Johnson and Netflix on Tuesday, Tesla and the semiconductor company ASML on Wednesday, and LVMH and Visa on Thursday.
Crédit Agricole at the bedside of Worldline
Crédit Agricole announced on Monday its entry as a “long-term minority shareholder” in the capital of the payments specialist Worldline, which has been battered on the stock market for several months, with 7% of the shares.
Crédit Agricole, which signed a “strategic partnership” in July in the field of payment services to merchants with the former Atos subsidiary, said in a press release that it wanted to “support the development of Worldline and […] enable it to implement its strategy as a leading European player in the payments market.
Credit Agricole rose by 0.67% and Worldline by 2.74%.
The European banking sector was rather well oriented with the exception of Commerzbank (-3.30%), whose rating was downgraded by Bank Of America.
Oil declines
Oil prices edged higher on Monday as the lingering threat from Yemen’s Houthi rebels to the Red Sea supply chain remained tempered by the resumption of production at a major Libyan field.
A barrel of Brent rose 0.41% to 78.88 US dollars and that of American WTI rose 0.42% to 73.72 US$.
The euro was stable (-0.02%) once morest the US dollar, at 1.0896 dollars per euro.
Bitcoin continued to decline for a week, losing 2.60% to US$40,680.
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