Posted
After having achieved its best week in more than a year, Europe opened in the red on Monday. In Asia, most markets also weakened after a positive start to the session.
The Frankfurt Stock Exchange opened Monday down 0.16%.
AFP
Stock indices fell on Monday, after a week marked by strong gains, still hoping for a settlement of the war in Ukraine but affected by the rise in oil prices.
Europe opened in the red after having achieved its best week in more than a year: Paris fell by 0.06%, Frankfurt by 0.16%, while London took 0.33% around 9:20 a.m. (time Swiss). In Asia, after a positive start to the session, most markets weakened, such as in Hong Kong (-0.99%) or Shanghai (+ 0.08%). The Tokyo Stock Exchange was closed Monday, a public holiday.
The price of a barrel of oil continued to tighten, continuing the rebound of the weekend: the barrel of WTI for April maturity rose by 3.92% to 109.05 dollars, while the barrel of Brent for May delivery – which refers in Europe – was up 4.15% at $112.38 around 9:05 a.m. Both varieties of oil had fallen below $100 over the past week.
During the day, the markets will also listen to the speech of the President of the American Federal Reserve Jerome Powell, a week after the meeting of the monetary policy committee which recorded the first increase in the institution’s key rates since 2018. .
Miners also at the party
In Paris, ArcelorMittal (+2.38%), Eramet (+2.15%) and Aperam (+1.81%) took advantage of the new tensions on raw materials, in particular on the aluminum market. In London, this was also the case for Polymetal (+11.57%), very affected by the consequences of the war in Ukraine, or Antofagasta (+1.57%).
On the currency side, the euro remained stable (+ 0.05%) at 1.1057 dollars. Bitcoin fell 0.08% to $42.27.
(AFP)