(CercleFinance.com) – The Paris Stock Exchange begins the session on a negative note Tuesday morning while the Tokyo Stock Exchange interrupted its bullish streak and awaits a resumption of trading on Wall Street following a weekend prolonged. The CAC40 index fell by 0.6% to 7,368 points.
The session should be livelier than the day before on the stock markets with the reopening of Wall Street after the three-day ‘Martin Luther King Jr. Day’ weekend.
The CAC ended yesterday’s session with a decline of 0.7% to 7411 points, returning below its intermediate resistance of 7450 points in particularly limited volumes with barely two billion euros exchanged.
Futures contracts on the New York Stock Exchange benchmark indices suggest a recovery in the red for now.
Unsurprisingly, Donald Trump won the Iowa Republican primary yesterday, consolidating his status as favorite within the ‘Grand Old Party’ ahead of the November presidential election.
Investors will be particularly attentive to the pre-market publication of results from Goldman Sachs and Morgan Stanley, two banking giants whose comments will be closely followed due to their weight in the American economy.
In Europe, the ZEW German investor sentiment index was published. It recorded a slight increase again in the current survey from January 2024. At 15.2 points, it is 2.4 points higher than the value from December 2023.
In Asia, the Tokyo Stock Exchange ended down 0.8% on Tuesday after having reached a 34-year high the day before, that is to say since March 1990, against a backdrop of solid economic fundamentals and good health of Japanese companies.
A sign of investors’ reduced appetite for the riskiest assets, the dollar, considered a safe haven, is rising against the euro, which is falling towards 1.09.
On the bond market, the yield on ten-year US Treasury bonds stands at 3.95%. Its German equivalent stands at 2.23%.
Oil prices are consolidating modestly after their strong rise last week, due to tensions in the Red Sea which saw the Houthi rebels disrupt the passage of ships via this maritime canal.
Brent nibbles 0.2% to 78.8 dollars per barrel while American light crude (West Texas Intermediate, WTI) is stable at 73.1 dollars.
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