Market: Optimism continues to prevail

(CercleFinance.com) – The Paris Bourse should open higher on Friday morning, in the wake of Asian markets and Wall Street, the prospect of a change of administration in Washington sparking a wave of optimism before the publication of the figures American jobs.

Around 8:15 am, the ‘future’ contract – expiring at the end of January – advances by 0.9%, announcing a start to the day in positive territory.

This last session of the week promises to be lively, the monthly report that the Labor Department will publish at 2:30 p.m. taking on particular importance in this time of health crisis.

The monthly US employment statistics for the month of December will show whether the labor market is tending to normalize after several difficult months.

‘Expectations are low, with a consensus targeting only 50,000 job creations after the worse-than-expected figures for November and the resurgence of the Covid-19 epidemic which has led to new restrictive measures for the economy ‘, indicate the Danske Bank teams.

Asian markets almost all ended up ahead of US employment figures.

The Tokyo Stock Exchange and the Hong Kong Stock Exchange gained 2.4% and 1.2% respectively, while the MSCI index comprising stocks from Asia and the Pacific (excluding Japan) rose by more than 0.8% .

The New York Stock Exchange also closed higher Thursday, pulled by technology stocks after the surge of a ‘blue wave’ in Congress, where Democrats are now assured of having a majority.

The Dow Jones closed for the first time above the 31,000 point threshold by advancing 0.7% to 31,041.1 points, while the Nasdaq rose above 13,000 points by jumping 2.6 % at 13,067.5 points.

Wall Street seems to be putting aside the political unrest of the past few days and the dossier of the ‘impeachment’ procedure that could be opened against Donald Trump after his supporters invaded the Capitol on Wednesday.

‘To be honest, the financial markets don’t care much about President Trump anymore,’ explains Danske Bank.

‘But let us note all the same that Trump broadcast a video overnight in which he condemns the intrusion on the Capitol and in which he says he is preparing the arrival of the Biden administration,’ said the Danish bank.

Regarding the economic situation in Europe, investors will follow the industrial production figures in France and Germany as well as the latest unemployment figures within the zone. euro.

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