2023-07-03 14:24:03
(Photo: The Canadian Press)
MARKET REVIEWS. Western stock markets were hovering around equilibrium on Monday, after a strong week and awaiting additional data on economic activity, while oil continued to rise after new supply-restricting measures.
Stock market indices at 7:45 a.m.
London, Frankfurt et Paris added between 0.1% and 0.3% at the start of the session in Europe.
In New York, before the markets open, the average Dow Jones of industrial stocks and the broader index S&P 500 increased by 0.1%.
Asian stock markets had an excellent session: Tokyo to bonds of 1.7%, Shanghai of 1.3%, Hong Kong by 2.1% and Seoul of 1.5%. Sydney a pris 0,6%.
On the New York Commodity Exchange, the price of oil rose 57 cents to US$71.21 a barrel.
The context
In Europe, “positive sentiment has prevailed so far, mainly due to easing inflation concerns” and despite “mixed” Eurozone PMI advanced economic activity indicators, according to Pierre Veyret, an analyst at ActiveTrade.
The manufacturing PMI for June in the euro zone was revised slightly downwards, sinking even further into the contraction zone.
The indicator for the United States is expected before the opening of the American markets.
Manufacturing activity in China fell in June as employment in the sector deteriorated, according to an independent index published on Monday, amid a loss of steam in the recovery in the world’s second largest economy.
Interest rates on government bonds on the bond market rose in Europe: the interest on the German 10-year loan rose to 2.42%, against 2.39% on Friday.
Tesla ready to roar
The American manufacturer of electric vehicles Tesla delivered 466,140 cars in the second quarter, above expectations despite a difficult market.
These volumes represent an increase of 83% compared to the same period last year, and 10% compared to the first three months of 2023.
The action jumped 6.50% in electronic trading before the opening of the New York Stock Exchange.
In China, other electric car manufacturers have progressed, such as BYD (+4.80%), or Geely Auto (+6.61%).
Aztrazenaca not assertive enough
The action of the pharmaceutical laboratory Aztrazenaca fell 5.70% in London, after taking stock of its drug datopotamab deruxtecan used in lung cancer. The laboratory considers that the test “demonstrated a statistically significant improvement”, but analysts, like those of Jefferies, regret “the lack of details”, and formulations suggesting “less significant profits than expected” after the test. use of the drug.
New oil cuts
Oil prices rose for the fourth straight session with two of the world’s three largest producers, Russia and Saudi Arabia, announcing new supply limits.
The barrel of North Sea Brentfor delivery in September, which is the first day of use as a reference contract, took 0.80% to 76.02 dollars.
Its American equivalent, the barrel of West Texas Intermediate (WTI) for August delivery, gained 0.91% to $71.28.
The euro fell 0.08% against the greenback, to US$1.0900 for one euro.
The bitcoin advanced 0.19% to US$30,650.
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