(Paris) The main world stock markets raised their heads Monday, with the exception of Paris and Madrid, helped by the rise of Wall Street even if new restrictions in Europe encouraged investors to restraint.
Posted on March 22, 2021 at 7:03 am
Updated at 5:17 p.m.
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At the European close, London took 0.26%, Frankfurt 0.25% and Milan 0.26%, but Paris dropped 0.49% and Madrid 1.76%.
The New York Stock Exchange for its part ended up, driven by a rebound in tech: the Dow Jones advanced 0.32%, the NASDAQ gained 1.23% and the S&P 500 gained 0.70% . These indices were helped by a calming down in the bond market.
“The decline in Treasury yields has relieved the information technology sector and other growth-related stocks that had recently come under pressure, as the financial sector has lagged behind,” analysts said. Schwab.
Despite this lull on rates, “the state of mind in Europe is a bit fragile” at the end of the first session of the week, summarizes David Madden, analyst for CMC Markets UK.
A few days after the entry into force of travel restrictions on French soil, Germany is preparing to strengthen its barrier measures, in particular with possible curfews on the table.
The partial confinement in place in Germany since the end of 2020 and scheduled until March 28, could be extended at least until April 18. The country has also just decided to suspend in 2022, for the third year in a row, its sacrosanct rule of “debt brake”.
Also of concern, the supply of doses of AstraZeneca vaccine is causing tensions between the European Union and the United Kingdom.
The European Commission threatened on Saturday to block exports of the vaccine if the EU, which has received less than 10% of the doses planned for the year, does not first receive the promised supplies.
However, the bloc is far from being united: Ireland expressed its strong opposition on Monday to a possible blockage, which would be “very retrograde”.
Earlier Monday, the Nikkei in Tokyo had lost more than 2% and the Hong Kong Stock Exchange 0.36%, while that of Shanghai had gained 1.14%.
A compromised recovery in the air
Securities linked to the airline sector suffered from the prospect of a recovery pushed back by the worsening health situation in Europe. In Frankfurt, Lufthansa lost 3.12% to 11.18 euros while airport manager Fraport was down 3.98% to 49.74 euros.
In Paris, Air France-KLM fell 1.41% to 5.04 euros, while Aéroports de Paris (ADP) lost 2.73% to 103.20 euros.
In London, IAG fell 5.20% to 195.95 pence and Easyjet plunged 5.43% to 941.20 pence.
AstraZeneca well oriented
The AstraZeneca laboratory (+ 3.29% to 7,344.00 pence) claimed on Monday that its vaccine was 80% effective against COVID-19 in the elderly and did not increase the risk of blood clots, according to the results which were eagerly awaited Phase 3 clinical trials in the United States.
The German car roars
Volkswagen (+ 7.29% to 237.60 euros) took off again after a recommendation to buy by Deutsche Bank, ahead of BMW (+ 2.67% to 84.69 euros) and Daimler (+0 , 52% to 74.16 euros).
On the oil side, the euro and the Turkish lira
A barrel of North Sea Brent for May delivery ended at $ 64.62, up 0.14% in London from Friday’s close.
In New York, the US barrel of WTI for April, which is the last day of trading, gained 0.21% to 61.55 dollars.
At the same time, at 5 p.m., the euro gained 0.26% against the greenback, at 1.1935 dollars.
Bitcoin, on the other hand, lost 6.54% to $ 54,578.
The Turkish lira, which had plunged nearly 15% following the surprise dismissal of the central bank governor, limited its losses somewhat (-7.41%) against the greenback, to 7.79 pounds to the dollar . In its wake, the Istanbul Stock Exchange also fell sharply.
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