European markets ended lower on Friday as US indices moved in the green, welcoming in particular a positive announcement about a new treatment under study against Covid-19.
On Wall Street, the Dow Jones was up 0.85%, the extended S & P500 index by 0.56% and the high-tech Nasdaq index by 0.09% around 4:50 p.m.
Read alsoThe Paris Bourse ends close to equilibrium (-0.04%) at 6,517.69 points
On the other hand in Europe, the main financial centers finished in the red: Milan lost 0.24%, while Frankfurt fell by 0.68% and London by 0.84%. For its part, Paris ended up stable (-0.04%). The European Stoxx 600 had its worst week since February, falling 2.2%.
Tensions on energy prices once again this week weighed on European markets. “Investors continue to fear that rising energy prices may dampen the general recoveryWrites Michael Hewson, analysts at CMC Markets. These price increases and supply difficulties, in gas and electricity in particular, also risk pushing up inflation, which has already picked up in recent months.
In the United States, inflation accelerated in August over one year (+ 4.3%) but remained stable compared to the previous month. In the euro zone, inflation jumped in September to 3.4% over one year, the highest in 13 years. “There is a lot of uncertainty at the end of the yearAs central banks prepare for a slight reduction in their support for the economy, said Craig Erlam, analyst for Oanda.
In the United States, operators also kept in mind the negotiations underway in Congress, which on Thursday voted an emergency text to allow the government to continue operating, but did not find an agreement on the recovery. the debt ceiling, or the massive infrastructure investment plan.
On the other hand, the markets welcomed the announcement by the American laboratory Merck of clinical results for its anti-Covid pill molnupiravir, showing that it reduces the risk of hospitalization or death by 50% and could therefore be a new tool. in the fight against the pandemic.
On the value side
Merck leaps, Monderna dives: Merck, jumped 9.33% to 82.17 dollars after its publication on its pill. He also announced his intention to ask “as soon as possible», An emergency authorization for placing on the market. This affected, in turn, the Pfizer laboratories (-0.96% to 42.60 dollars) and especially Moderna (-12.79% to 335.56 dollars), which each manufacture a vaccine against the Covid-19.
At Daimler: The shareholders of Daimler (+ 0.85% to 77.37 euros) voted in favor of the demerger project “historical”Of the group, which provides for the IPO of the heavy-duty branch Daimler Truck and the name change of the manufacturer of sedans to Mercedes-Benz.
The carrier airline: The airline sector supported the London place, Easyjet soared 6.19% to 703.80 pence while IAG, parent company of British Airways and Iberia, climbed 5.33% to 188.02 pence, before a relaxation on Monday of entry conditions to England for vaccinated travelers. In Paris, Airbus, which won a contract for the purchase of 28 new aircraft, rose by (+ 1.29% to 116.58 euros). Safran (+ 1.37% to 111.16 euros) and Thalès (+ 1% to 85 euros) benefited from the hope of an improvement in air traffic.
On the oil, euro and bitcoin side: Oil prices were rising ahead of the next OPEC-allies meeting on Monday.
Around 4:40 p.m., a barrel of Brent from the North Sea for delivery in December, which is the first day of use as a benchmark contract, took 0.22% to 78.69 dollars in London. In New York, a barrel of WTI for November was up 0.47% to $ 75.37.
Read alsoOil slowed by rising US inventories and a strong dollar, gas is soaring
The euro rose 0.18% against the greenback at 1.1600 dollars, after a low since July 2020. Bitcoin jumped 9.60% to 47,600 dollars.
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