2023-06-05 17:26:22
London, supported by commodities, resisted better (-0.10%), while Paris, weighed down by luxury, lost 0.96%. Frankfurt lost 0.54% and Milan 0.78%. In Zurich, the SMI fell by 0.25%.
European stock markets fell on Monday, but US markets held up better after the publication of an indicator showing a slowdown in services in the United States, prompting investors to continue to question the dynamics of global growth.
Wall Street is mixed: around 1:45 p.m. GMT, the Dow Jones fell 0.28%, while the Nasdaq rose a little (+0.52%), as did the S&P 500 (+0.25%) after finishing on Friday at its highest level since August 2022.
In Europe, London, supported by commodities, held up better (-0.10%), while Paris, weighed down by luxury, lost 0.96%. Frankfurt lost 0.54% and Milan 0.78%. In Zurich, the SMI lost 0.25%.
The Tokyo Stock Exchange (+2.2%) ended at its highest level since July 1990, in the wake of the US employment report which had already pushed up Western places on Friday.
If the numerous job creations had been applauded by investors on Friday, the ISM service activity index, which appeared on Monday and was weaker than expected, cooled them down a bit.
“The services sector remains resilient, but weaknesses are emerging, which should be more noticeable in the coming months,” said Edward Moya, an analyst at Oanda.
The agenda is also sparse this week, both in terms of indicators and business news, while the officials of the American central bank (Fed) can no longer speak one week before their monetary policy meeting.
This meeting focuses the attention of investors, who are wondering if the monetary institution will maintain its key interest rates as implied in early May, which would be a first after more than a year of increases.
In the euro zone, prices remain under “strong pressure” with underlying inflation – excluding energy and food – which may not have reached its peak, the President of the European Central Bank (ECB) warned on Monday. ), Christine Lagarde.
On the bond market, the rates of European states rose for the second session in a row, while rates in the United States were stable around 3:45 p.m. GMT.
Oil rebound
Oil hit its highest level in a month, after the summit of oil-exporting countries and their allies (OPEC+) over the weekend. At the end of the meeting, Saudi Arabia decided on Sunday to make a new production cut in the hope of raising oil prices at half mast.
The increase, however, is less impressive than that of early April, when eight members of the group announced that they were making voluntary cuts in their production. “This unilateral decision may suggest that the consensus among OPEC+ members is beginning to crumble,” commented CMC Markets analyst Michael Hewson.
Around 3:30 p.m. GMT, a barrel of Brent from the North Sea, for delivery in August, took 1.46% to 77.24 dollars. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in July, gained 1.37% to 72.73 dollars.
In addition, natural gas climbed 21.55% to 28.80 euros, but remains down 62% since the start of the year.
Apple bigger than ever
Apple climbed 1.81% to 184.23 dollars, its market capitalization having even reached a new historic high around 2.850 billion dollars, as the Apple group prepares to present its first virtual reality headset (VR ).
Apple is expected, observers say, to unveil its first mixed reality headset – which mixes VR and augmented reality (AR) – at its annual developer conference.
On the currency side
The dollar remains stable. Around 3:40 p.m. GMT, it was up 0.01% against the euro, at 1.0706 dollars for one euro.
Bitcoin fell 2.91% to $26,450.
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