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Stock market: what is moving on the markets before the opening Monday

(Photo: Getty images)

Asian stock markets ended in red on Monday, especially Tokyo, facing the risk of seeing the recovery of the world economy slow because of the global pandemic, which gives worrying signs of worsening day after day.

On Wall Street, the indices are heading towards a slightly higher opening. At around 8:15 a.m., the S&P 500 futures gained 16 points, or 0.54%, to 3,023 points. Those of the Dow Jones climbed 205 points, or 0.82%, to 25,155 points, while those of the Nasdaq rose 9 points, or 0.1%, to 9,875 points.

In Europe, the indices are green at mid-session. In London, the FTSE-100 advanced 41 points, or 0.68%, to 6,200 points. In Paris. the CAC 40 gained 21 points, or 0.44%, to 4,931 points. In Frankfurt, the DAX was up 72 points, or 0.6%, to 12,162 points.

Back in Asia, the flagship index of the Tokyo Stock Exchange, the Nikkei, fell 2.3% to 21,995.04 points, falling below the symbolic bar of 22,000 points at the close for the first time since. June 15.

It is also the biggest retreat of the Nikkei in one session since that date. For its part, the broader Topix index lost 1.78% on Monday to 1,549.22 points.

Chinese stock markets also fell on Monday, but to a lesser extent. Hong Kong lost 1.01% to 24,301.28 points, Shanghai 0.61% to 2,961.52 points and Shenzhen 0.44% to 1,939.12 points.

Wall Street had already suffered heavy losses Friday against the alarming surge of the coronavirus in the South and West of the United States, pushing the local authorities to reintroduce restrictive measures, at the risk of seizing the American economic recovery.

Europe is not out of danger either, nor is China, especially Beijing, where the epidemic situation is “serious and complex,” a spokesman for the municipality admitted on Sunday.

After having long relied on a rapid return to an almost normal situation, the equity markets “are beginning to integrate the slowdown in the recovery of economic activities,” summarized Shoji Hirakawa, chief strategist at the Tokai research institute in Tokyo. quoted by the Bloomberg agency.

Since the start of the health crisis, COVID-19 has infected more than ten million people worldwide and 500,000 have died, according to a last count by AFP from official sources, which only reflect part of the actual balance sheet.

On the oil side

Around 4:30 am the price of a barrel of American WTI crude dropped 1.92% to 37.75 dollars and that of a barrel of Brent from the North Sea yielded 2.15% to 40.14 dollars.

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