European stock exchanges in dispersed order, London and New York closed

–

–

France Media Agency

Around 4.35 am, if Paris remained in an upward momentum (+ 0.13%), Frankfurt gave up 0.17% while Milan took 0.24%.

The London Stock Exchange is closed on Monday due to a public holiday, as is the New York Stock Exchange, which ended slightly higher on Friday.

Earlier in Asia, the Tokyo Stock Exchange closed at half mast (-0.99%) a session dominated by profit taking after gains last week.

The Hong Kong Stock Exchange fell 0.2% while that of Shanghai rose 0.4%.

“On this first day of the week, but which is also the last day of the month, it is confirmed that there will have been no“ sell in may and go away ”this year […]. The liquidity flowing into the equity markets remains too massive, ”notes Tangi Le Liboux, a strategist for broker Aurel BGC.

“The markets remain well oriented, even if the further we advance in the recovery of the global economy, the more hesitations should appear, especially if the risks of a resurgence of higher inflation, particularly in the United States , push for a more rapid change in the monetary policies now in place, ”emphasizes Sebastian Paris Horvitz, analyst at LBPAM.

The OECD on Monday raised its global growth forecasts for 2021 (to 5.8%) and 2022 (to 4.4%), while warning of a relapse in the economy due to the persistence of “winds opposites ”.

For the time being, “the fear of higher inflation in the medium term remains low”, “a consequence of the consensus among a large majority of market economists that the price increases observed recently, particularly in the United States, are not as passengers ”, according to Sebastian Paris Horvitz.

A view, also fueled “by repeated statements by US central bankers”, according to him, to which investors seem to have rallied, judging by the decline in borrowing rates that followed the publication of figures on Friday. American inflation, however, rose sharply.

In terms of indicators, the growth in loans granted by euro zone banks to businesses continued to slow in April while it again accelerated on the household side, faced with the prospects of reopening the economy, said Monday the European Central Bank (ECB).

For its part, manufacturing activity in China remained stable last month, while the service sector recovered on the back of the long Labor Day holiday.

Deutsche Bank pinned by the Fed

Several media claim that the US Federal Reserve has criticized in recent weeks the first German bank (-2.32% to 12.06 euros) for not having sufficiently remedied the persistent shortcomings in its anti-money laundering controls. The bank declined to comment.

Adidas and Chelsea FC

The group seemed to benefit (+ 0.52% to 300.90 euros) from the victory of FC Chelsea in the Champions League on Saturday, dressed by the brand with the three stripes.

On the oil, euro and bitcoin side

After finishing in dispersed order on Friday, crude prices picked up again on the eve of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies, with the key to a likely further rise of its oil production thanks to a revival of demand.

At around 4:25 a.m. a barrel of Brent from the North Sea for delivery in August, which is the first day of use as a benchmark contract, was worth $ 69.67 in London, up 1.38% from at the close of Friday.

In New York, a barrel of WTI for July delivery gained 1.42% to 67.26 dollars.

The euro stabilized (+ 0.01%) against the greenback, at 1.2196 dollars.

Bitcoin fell 0.23% to $ 35,599.

–