by Claude Chendjou
PARIS (Reuters) – European stock markets ended higher on Tuesday and Wall Street was also in the green in a context of optimism on new technologies and relaxation on bonds which notably allowed the indices to record records.
In Paris, the CAC 40 ended with a gain of 0.41% to 8,184.75 points, approaching its historic peak at 8,229.25 points. The British Footsie advanced 0.17%. The German Dax rose 0.76% after a session record of 18,411.98 points.
The EuroStoxx 50 index, which gained 0.40%, reached a new high at 5,072.75 points. The FTSEurofirst 300 gained 0.28%. The Stoxx 600 advanced 0.24% after an unprecedented high of 511.37 points.
At the close in Europe, the Dow Jones rose 0.24%, the Standard & Poor’s 500 0.18% and the Nasdaq 0.17% while the semiconductor index headed towards a gain. double digits for the entire quarter.
The good performance of equity markets in Europe was fueled by new technologies (+0.18%) in the wake of gains on the Nasdaq, particularly in the chip sector, where Micron Technology (+1.86%) is close to its historic peak of 122.45 dollars, recorded during the session on Monday. AMD (+1.47%), Alphabet (+0.97%) and Tesla (+4.51%) are also sought after.
VALUES IN EUROPE
Rubis jumped 12.46%, the AMF having indicated that businessman Vincent Bolloré increased his stake in the group by more than 5%.
Atos was volatile (+0.73%), the group having announced that it wanted to restructure its debt by July after a record annual loss.
The online fashion retailer Asos climbed 9.38% thanks to an improvement in its cash flow and a confirmation of its prospects.
The online commerce group Ocado gained 3.24%, benefiting from forecasts from Ocado Retail which anticipates an increase of 10.6% in its turnover in the first quarter.
The German seed company KWS Saat advanced 6.42% after an agreement to sell its corn business in South America to the Argentine group GDM.
TODAY’S INDICATORS
Consumer confidence in the United States deteriorated against all expectations in March, to 104.7 compared to 104.8 in February, shows the Conference Board’s monthly survey.
German consumer morale is expected to continue its slow recovery in April, with the GfK index at -27.4 compared to -28.8 in March, with households seeming less determined to save despite the uncertain economic outlook.
The French public deficit represented 5.5% of gross domestic product (GDP) last year, compared to 4.8% in 2022, while public debt fell to 110.6% of GDP, from 111.9%. the previous year, INSEE data show.
CHANGES
The dollar is stable (+0.09%) against a basket of reference currencies after hitting a one-month peak on Monday.
The euro stands at 1.0825 dollars (-0.1%) and the pound sterling at 1.2626 dollars (-0.06%).
RATE
The yield on the ten-year German Bund, the benchmark for the euro zone, ended down 2.5 basis points, at 2.351%, while monthly inflation figures will be published this week, particularly in France and Spain. before those of the entire bloc next week.
That of ten-year American Treasuries is stable at 4.2494% before Friday’s publication of the PCE price index in the United States, the preferred measure of inflation by the American Federal Reserve.
Markets anticipate rate cuts in Europe and the United States starting in June, with a reduction of 75 to 100 basis points in total.
OIL
The oil market fell slightly on Tuesday after the increase of more than 1.5% on Monday: Brent lost 0.27% to 86.52 dollars per barrel and American light crude (West Texas Intermediate, WTI) dropped 0.01%. at $81.96.
TO BE CONTINUED ON WEDNESDAY:
(Written by Claude Chendjou, edited by Zhifan Liu)
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