In the aftermath of a collapse in the tech sector, Wall Street was preparing to open in scattered order. (Photo: Getty Images)
Discussions surrounding a post-Brexit deal and those that will accompany a US economic stimulus package are what the markets’ attention rests on.
In the aftermath of a collapse in the tech sector, Wall Street was preparing to open in scattered order, pending the unveiling of an employment report. According to futures contracts, the S&P 500 was down 0.08% to 3669 points and the NASDAQ 0.32% to 12,327 points, while the Dow Jones was up 0.05% to 30,078 points.
European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson have given themselves Wednesday to Sunday to arrive at a “firm decision on the future of the talks” post-Brexit, a source told Downing Street .
Pending more information on this subject, the Parisian market rose by 0.31% to 5563 points, the Frankfurt DAX was in equilibrium at 13,340 points, and the FTSE 100 of the London Stock Exchange advanced by 0.48 %, at 6596 points.
The British currency fell 0.85% to 1.3283 US dollars around 7:30 am while the euro gained 0.62% against the pound.
Multinationals see their foreign revenues mechanically increased when the pound falls.
Economic growth continued to slow in the UK in October, to 0.4%, on the heels of further restrictions on activity imposed across the country to tackle the coronavirus pandemic.
The financial centers of Tokyo and Hong Kong ended Thursday in slight decline, disappointed by the persistent disagreements on the new American aid plan, as Wall Street the day before, while the stock markets of mainland China almost stagnated.
In Tokyo, the Nikkei star index lost 0.23% to 26,756 points and the expanded Topix index fell 0.18% to 1776 points. In Hong Kong, the Hang Seng Index fell 0.35% to 26,411 points.
The Shanghai Composite Index gained 0.04% to 3,373 points and the Shenzhen Index 0.12% to 2,253 points.
As on the New York Stock Exchange the day before, investors in Asia did not appreciate the uncertainties that remain on the US aid plan.
Three different texts are on the negotiating table, but none has won cross-partisan support between Republicans and Democrats.
The slack in the Nasdaq index, which dropped nearly 2% on Wednesday, also hit investors in Asia, as did the still wide divergences between London and Brussels in their post-Brexit negotiations.
On the oil side
Oil prices were in the green, having caught their breath the day before on the heels of a massive increase in crude inventories in the United States. Around 7:33 am, the price of a barrel of US crude WTI rose 1.47% to 46.13 dollars and that of a barrel of Brent from the North Sea gained 1.58% to 49.63 dollars.