(Paris) The European stock markets ended well on Monday, still carried by the growing signs of a solid economic recovery, even if questions about the sustainability of the current ultra-accommodating monetary policies resurfaced at the same time.
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European stock markets rebounded from the opening, and subsequently maintained their positive mood: Paris ended up 0.61%, Frankfurt rose 0.66% and Milan 1.15%.
The London Stock Exchange remained closed on Monday due to a public holiday, as did the places in Tokyo and Hong Kong.
On Wall Street, which had also started in the green, the picture was more mixed around 12:15 p.m.: the Dow Jones took 0.84% and the S&P 500 appreciated by 0.37% but the NASDAQ gave up 0.32% .
“It’s a cautiously bullish market without big clouds on the horizon, because the situation seems to be improving,” notes AFP Alexandre Baradez, analyst at IG France.
The fact remains that, in this market “which anticipates things a lot”, the publication of the monthly report on American employment at the end of the week will constitute a highlight: “if it is much better than expected, the questioning on the purchases of Central bank ‘assets’ will be reactivated, he said.
“The debate on inflation”, which already agitated the markets at the beginning of the year, “feeds fears of a reduction in asset purchases by the Federal Reserve”, abounds for his part Franklin Pichard, managing director of Kiplink Finance, even if the Fed assures us that this is not yet on the agenda.
For now, borrowing rates have stabilized on both sides of the Atlantic.
In terms of health, at a time when the EU proposes to open its borders to vaccinated travelers at the approach of summer, and where France and Greece are deconfining, the epidemic is soaring in India with nearly 20 million case.
Regarding vaccinations, the global Covax device will have 500 million doses of Moderna’s anti-COVID-19 vaccine, which has just been approved by the WHO, while the European Medicines Agency (EMA) announced on Monday. have started evaluating the use of Pfizer / BioNTech COVID-19 vaccine in 12-15 year olds.
In terms of indicators, activity in the French manufacturing sector continued to grow strongly in April, despite a slight slowdown in growth.
In the United States, on the other hand, growth in the manufacturing sector slowed in April, severely constrained by difficulties in the supply of raw materials and spare parts, according to the ISM purchasing managers index released on Monday.
Fed Chairman Jerome Powell is due to speak in the evening.
Estée Lauder makes a face
The American group lost 6.75% to 292.69 dollars despite a net profit per share emerged above forecasts in the 3e quarter of his fiscal year shifted. Its turnover, however, was lower than analysts’ expectations.
Siemens Healthineers and forms
The health subsidiary of the German group Siemens benefited (+ 1.98% to 48.42 euros) from Monday’s raising of its growth forecasts for the current year.
Siemens won for its part 1.46% to 140.84 euros.
The car is moving
Securities in the automotive sector continued to benefit from the rise in cyclical values at work for several sessions: in Paris, Renault rose 1.77% to 34.12 euros to finish at the top of the CAC 40 while Stellantis gained 1.59% to 14.03 euros.
In Frankfurt, BMW took 0.88% to 84.13 euros, Volkswagen rose 1.87% to 220.75 euros and Daimler ended up 0.49% to 74.41 euros.
On the oil, euro and bitcoin side
Around 12:30, a barrel of Brent from the North Sea for delivery in July, which was the first day of use as a benchmark contract, took 1.11% to 67.50 dollars, in London.
In New York, WTI’s US barrel for June gained 1.21% to $ 64.35.
At the same time, the euro rose 0.19% against the greenback, to 1.2054 dollars.
Bitcoin was up 1.73% to $ 57,528.
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