(CercleFinance.com) – The Paris Stock Exchange should start Tuesday’s session on a slightly bearish note at the end of the long Easter weekend, in the wake of the decline signed the day before by Wall Street.
Around 8:15 a.m., the futures contract on the CAC 40 index – now passed on the May deadline – contracted by 36 points to 6454 points, announcing a start to the day in the red.
The major European markets remained closed on Friday and Monday but Wall Street, which had also remained closed on Friday, resumed yesterday to show a decline of around 0.1%.
Risky assets continue to suffer from the effects of the war in Ukraine, rising inflation and uncertainty surrounding the pace of Fed monetary tightening.
Remaining open both Friday and Monday, the Tokyo Stock Exchange posted gains of nearly 0.8% on Tuesday morning after losing 1.8% on Monday, despite good news from China.
Despite a resurgence in Covid-19 cases in the country, China’s economy got off to a strong start in the first quarter, with its GDP growing 4.8% year on year after growing 4% in the fourth quarter. 2021.
Beijing has also announced a series of measures to strengthen its financial support for the real economy, including through initiatives to help industries, businesses and people most affected by the crisis. ‘epidemic.
Investors will turn their attention this week to the publications of company results for the first quarter, the good performance of which has become essential to hope for a rebound in the markets.
After having signed average gains of more than 20% over the last three years, the S&P 500 – the benchmark index for American managers – has fallen by 6.5% since the start of the year.
Good performances from the most iconic US companies over the coming weeks could help the index get back on track.
Investors will be watching the accounts of several listed heavyweights in the coming days, including those of Johnson & Johnson, Netflix, IBM and Tesla.
On the economic chapter, market participants will notably take note of the latest inflation figures in the euro zone on Thursday, then of a whole series of global PMI indices on Friday.
Operators could nevertheless decide not to commit too much before knowing the results of the French presidential election, scheduled for Sunday evening.
In view of the polls, outgoing President Emmanuel Macron would be increasing his lead over Marine Le Pen, with a gap now estimated at around 9% at the end of the second round.
Copyright (c) 2022 CercleFinance.com. All rights reserved.