Japanese stocks are on vacation … and European stocks are rising, led by energy
US stocks rose on Monday, as Wall Street looked to build on the strong gains it made in the previous session, after new jobs data revived hopes that the Federal Reserve will cut interest rates. .
The Dow Jones industrial average rose 0.4%. The Standard & Poor’s 500 rose 0.42%, and the Nasdaq gained 0.36%.
Berkshire Class A shares rose 1.2%, after the group posted a 39% year-on-year growth in operating profits. Businesses led by Warren Buffett saw their cash holdings rise to levels exceeding $200 billion.
Prime shares rose 2.4% after a report said Paramount Pictures had begun formal acquisition talks with a group led by Sony Pictures and Apollo.
The Dow Jones, S&P 500 and Nasdaq Composite rose more than 1% each Friday after new nonfarm payrolls data showed the US economy added fewer jobs than expected in April and an increase in unemployment, easing fears of an overheating economy.
European sources
European stocks closed at their highest levels in one week on Monday, as investors were again optimistic about central banks cutting interest rates. The STOXX 600 index closed 0.5 percent higher, with the insurance sector leading the gains, rising 1.6 percent.
Investor sentiment improved after separate statements by three European Central Bank policymakers, Philip Lane, Gediminas Simkus and Boris Vujicic, who said the latest inflation and growth data reinforced their expectations. inflation is expected to return to the central bank’s two percent target by the middle of next year. .
The STOXX 600 index is up about six percent since the start of the year.
Among individual European stocks, Indra shares jumped 8.8 percent after the Spanish defense and technology company announced a 40 percent jump in its net profits for the first quarter thanks to strong orders due to the current tightening of around the world, which has boosted demand for air. protections.
Morel E Prom shares also rose 7.3 percent after the French oil group received a special license for its operations in Venezuela.
Atos shares fell 4.4 percent after the debt-laden French information technology company announced it had received four offers from investors to restructure debt and pump cash.
Shares in Dutch postal company Post NL also fell by nearly four percent after its first-quarter loss widened more than expected.
Asian sources
Japanese markets closed their doors in celebration of Children’s Day, and will resume trading on Tuesday, after a long weekend that began last Friday. Markets in South Korea also closed for another holiday.
Australia’s S&P/ASX 200 index rose 0.7% to close at 7682.4, recording gains for the third day in a row.
Hong Kong’s Hang Seng Index rose 0.47%, while mainland China’s CSI 300 Index rose 1.48% to close at 3,657.88 points as traders returned from the Labor Day holiday.
Oil
Brent crude futures rose 0.65% to $83.50 a barrel, while US West Texas Intermediate crude futures rose 0.76% to $78.70 a barrel.
gold
Gold in immediate trading rose 0.88% to $2,321.92 an ounce. US gold futures gained 0.70% to $2,324.80 an ounce.
Dollar
The dollar index, which measures the performance of the US currency against six major currencies, reached 105.16 points after touching its lowest level in more than three weeks at 104.52, on Friday.
The yen fell broadly, falling 0.63% to 153.95 to the dollar, 0.60% to 192.62 to the pound, and 0.64% to 165.715 to the euro. (agencies)
2024-05-06 19:13:12
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