2023-12-19 15:30:27

(Photo: Getty Images)

MARKET REVIEWS. European stock markets are moving in balance on Tuesday, a cautious trend which is also emerging on Wall Street, while in Asia, the Tokyo Stock Exchange jumped in the wake of the status quo of monetary policy in Japan.

Stock market indices at 7:45 a.m.

Futures contracts Dow Jones rose by +54.00 points (+0.14%) to 37,732.00 points. Futures contracts S&P 500 rose by +5.75 points (+0.12%) to 4,798.75 points. Futures contracts Nasdaq rose by +19.50 points (+0.12%) to 16,959.25 points.

In London, the FTSE 100 fell by -7.67 points (-0.10%) to 7,606.81 points. In Paris, the CAC 40 fell -2.30 points (-0.03%) to 7,566.56 points. In Frankfurt, the DAX increased by +64.73 points (+0.39%) to 16,715.28 points.

In Asia, the Nikkei of Tokyo increased by +460.41 points (+1.41%) to 33,219.39 points. For his part, the Hang Seng of Hong Kong decreased by -124.23 points (-0.75%) to 16,505.00 points.

On the oil side, the price of a barrel of American WTI dropped -US$0.21 (-0.29%) to US$72.26. The barrel of North Sea Brent fell by -US$0.21 (-0.27%) to US$77.74.

The context

“The S&P 500 reached a 23-month high on Monday, with the index only 1.17% away from its all-time closing high of January 2022,” Deutsche Bank analysts point out.

On the Asian stock market side, Tokyo (+1.41%) climbed following announcements from the Bank of Japan (BoJ), which decided to maintain a negative interest rate on bank deposits with it.

This rate, left at -0.1% since 2016, goes once morest the trend of other main Western central banks which have chosen to increase their interest rates to slow down the economy and bring down inflation. at 2%.

“The degree of certainty” of ultimately achieving the BoJ’s ultimate objective, namely stable inflation of 2% as for the European and American central banks, “is increasing”, declared its governor Kazuo Ueda at a press conference. , adding however that they “need to see more data and other information before we can be sure”.

Japanese monetary policy announcements have caused the yen to fall once morest the dollar and the euro, an exchange rate trend favorable to Japanese export values.

The yen lost 1.31% once morest the greenback, at 144.67 yen for one American dollar and 1.47% once morest the European currency, at 158.30 yen for one euro.

As for the euroit rose 0.09% to US$1.0942 per euro.

The Hong Kong Stock Exchange fell 0.75% and Shanghai closed stable (+0.05%).

On the macroeconomic agenda of the session, the markets will turn to “inflation in Canada in November, as well as several statistics on American real estate,” notes John Plassard, investment specialist at Mirabaud.

Lufthansa orders for US$9 billion

The airline giant Lufthansa (+1.09% in Frankfurt) announced on Tuesday an order for 40 Boeing 737-8 MAX and 40 Airbus A220-300 aircraft worth approximately $9 billion at list price.

In Paris, Airbus advanced 0.33%.

Adnoc would still eye Covestro

According to the financial agency Bloomberg, the Abu Dhabi oil firm Adnoc decided to increase its purchase offer for the German company to 60 euros per share Covestro (+1.85% in Frankfurt), which would value the group at 11.3 billion euros, compared to first proposals of 55 then 57 euros per share.

The German plastics and chemicals manufacturer agreed to discussions with the oil giant last September for a complete takeover.

Oil stabilizes

Oil prices were stable on Tuesday the day following price increases driven by fears of disruptions to maritime transport of hydrocarbons linked to attacks in the Red Sea.

The price of a barrel of North Sea Brent for delivery in February was stable (-0.08%) at US$77.89. Its American equivalent, the West Texas Intermediate (WTI)expiring in January, fell 0.10% to US$72.40.

The bitcoin advanced 0.82% to US$42,964.

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