2024-01-29 18:09:32
(AP Photo/Seth Wenig)
MARKET REVIEWS. Global markets were mixed Monday morning, as investors await an announcement this week from the U.S. Federal Reserve on its key interest rate.
Stock market indices at 7:30 a.m.
At the start of the session in Europe, London added 0.2%, Frankfurt fell by 0.5% and Paris was stable.
In New York, before the markets opened, the average Dow Jones industrial values was unchanged and the index expanded S&P 500 advanced by 0.1%.
In Asia, the Nikkei 225 added 0.8% in Tokyo. The scholarship of Shanghai fell by 0.9% and the Hang Seng advanced 0.8% in Hong Kong. Sydney took 0.3% and Seoul 0,9%.
On the New York Commodity Exchange, the price of oil rose 35 US cents to US$77.66 per barrel.
Evergrande collapses
A Hong Kong court on Monday ordered the liquidation of struggling Chinese property giant Evergrande, which failed to present a convincing restructuring plan.
Evergrande was China’s largest real estate developer. But he has accumulated debts, estimated at the end of June at more than 300 billion US dollars.
Evergrande’s shares fell by more than 20% in Hong Kong, before its trading was suspended.
Split at Holcim
The shares of Swiss construction materials giant Holcim jumped 4.24% in Zurich, after the announcement on Sunday of a plan to split its activities in North America through an IPO.
Philips poorly received
Dutch medical device manufacturer Philips announced a net loss of 463 million euros in 2023 and the cessation of sales of breathing devices for sleep apnea in the United States after a series of recalls.
Its action fell 7.54% in Amsterdam.
Bayer penalized
The Monsanto group, a subsidiary of the German giant Bayer (-5.79% in Frankfurt), was sentenced Friday by the jury of a Philadelphia court to pay 2.25 billion US dollars in damages to a man who accused the weedkiller Roundup to be the cause of his cancer.
Ryanair takes a nosedive
Irish airline Ryanair saw its profit plunge 93% in the third quarter of 2023/2024, due to a surge in costs, and reduced its forecast for the financial year.
The action therefore fell by 0.19% in Dublin.
Stable oil
Oil prices are stagnating after rising at the start of the session, with the geopolitical risk premium in the Middle East running out of steam in the absence of crude supply disruptions.
The price of a barrel of Brent from the North Sea, for delivery in March, was worth 83.52 US dollars (-0.04%). Its American equivalent, a barrel of West Texas Intermediate (WTI), for delivery the same month, stood at 77.99 US dollars (-0.01%).
The euro fell 0.19% against the US dollar to 1.0832 dollars per euro.
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