Stock market: what moves on the markets before the opening Thursday

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Stock markets were mostly down slightly on Thursday, eagerly awaiting the release of US inflation in May and statements from the European Central Bank after its monetary policy meeting.

The clues

At around 7:15 a.m., Wall Street was heading for a mixed opening. futures contracts S&P 500 took 3 points, or 0.08%, to 4,222 points. Those of Dow Jones gained 75 points, or 0.22%, to 34,512 points and those of the Nasdaq lost 27 points, or 0.2%, to 13,786 points.

In Europe, markets were down at mid-session. In London, the FTSE 100 advanced by 0.27%, the CAC 40 de Paris sold 0.18% and the DAX of Frankfurt gleaned 0.07%.

Asian places finished in scattered order: Tokyo gained 0.34% and Shanghai took 0.54%, while Hong Kong for quasi-stable purposes (-0.01%).

The context

The day before, the New York Stock Exchange concluded slightly in the red, but still close to records.

At 10:30 a.m., the Consumer Price Index for May in the United States will be released and the European Central Bank (ECB) will hold a press conference following its monetary policy meeting.

The ECB will unveil its key rate for the coming weeks, expected unchanged according to analysts, but also its economic projections, including new estimates of the unemployment rate and inflation.

After these two meetings, “there should be movement on the stock market, but until then, investors will continue to hold back,” said Milan Cutkovic, analyst at AXI.

Regarding inflation, “the market should focus on price dynamics as a whole, whether price increases remain contained in a few specific segments or become more widespread,” says Sebastian Paris Horvitz at LBPAM.

Added to today’s agenda are weekly claims for unemployment benefits in the United States.

In France, private salaried employment grew by 0.5% in the 1st quarter and industrial production fell by 0.1% in April compared to March, remaining 5.5% below its level. pre-crisis level.

In Italy, industrial production accelerated its rise in April, surpassing the level before the COVID-19 pandemic.

On the oil side

Around 7.15 a.m., the barrel of WTI US dollar rose 0.2% to US $ 70.10 and a barrel of Brent of the North Sea gained 0.33% to US $ 72.46.


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