The European stock markets, which had recovered Thursday, reconnected with their old demons Friday morning, in the wake of their Asian counterparts, disturbed by fears about liquidity in China and the supply of vaccines.
On Wall Street, around 7.15 a.m., the futures contracts S&P 500 lost 23 points, or 0.61%, to 3,756 points. Those of Dow Jones decreased by 153 points, or 0.5%, to 30,351 points, while those of the Nasdaq were down 124 points, or 0.94%, to 13,061 points.
In Europe, markets were mixed at mid-session. In London, the FTSE 100 lost 63 points, or 0.96%, to 6,463 points. In Paris, the CAC 40 increased by 50 points, or 0.93%, to 5,510 points. In Frankfurt, the DAX was down 106 points, or 0.78%, to 13,559 points.
The Asian stock markets for their part closed again in sharp decline, without benefiting from the rebound of Wall Street the day before, the Japanese indices Nikkei and Topix losing 1.89% and 1.64%, while the index of Hang Seng in Hong Kong dropped 0.94%, that of Shanghai 0.63% and that of Shenzhen 0,75%.
The New York Stock Exchange indeed regained color on Thursday, as the speculative surge around the phenomenon GameStop deflated.
“In addition to reassuring macroeconomic figures in the United States, the decision of certain platforms to limit the purchase of certain small values by” stock marketers “seems to have reassured operators” Thursday, comments Sebastian Paris Horvitz, strategist at LBPAM.
But this Friday, “it is Asia that is worrying with fears of strain on liquidity. Indeed, the money market rate in China has reached its highest level in nearly six years, which shows that interbank liquidity remains tight even after an intervention by the Chinese central bank this week ”, explains John Plassard, head of the investment at Mirabaud.
Investors also wondered about the supply of vaccines against COVID-19, the European Union having indicated that it wanted to control shipments outside the EU of vaccines produced there.
The Swedish-British pharmaceutical group AstraZeneca has suffered the wrath of the 27 for several days because of delays in deliveries.
The prospect of a rapid recovery of the economy, thanks to the establishment of vaccination campaigns, therefore seemed to be receding, against the backdrop of still depressed macroeconomic statistics.
On the oil side
Around 7.15 a.m., the price of an American barrel of WTI rose 0.48% to US $ 52.59 and that per barrel of Brent of the North Sea appreciated 0.85% to US $ 56.