by Diana Mandia
PARIS (Reuters) – The main European stock markets are expected to open without much change on Thursday after their increase the day before and while awaiting a series of corporate financial results.
According to the first available indications, the Parisian CAC 40 could lose 0.05% at the opening.
Futures contracts report a rise of 0.09% for the Dax in Frankfurt, and 0.23% for the FTSE in London, as well as a fall of 0.02% for the Stoxx 600.
In the absence of a major economic indicator in Europe, the health of companies will once again be at the center of attention with a new series of results, including those of Danone and Nokia and the luxury giant L’Oréal at the end of the year. session.
A handful of European and American central bankers will speak later today, and their remarks will once again be listened to closely, with investors wondering about the contours of the monetary easing promised by the American Federal Reserve (Fed).
Across the Atlantic, markets are notably awaiting data on weekly unemployment claims as well as the publication of results from the private equity fund Blackstone and the streaming giant Netflix.
A WALL STREET
The New York Stock Exchange ended lower on Wednesday, as investors questioned the contours of monetary easing by the US Federal Reserve (Fed) and assessed a range of mixed quarterly results.
The Dow Jones index lost 0.12%, the broader S&P-500 lost 0.58% and the Nasdaq Composite fell 1.15%.
United Airlines jumped 17.45% after saying it expected a better current quarter than initially expected.
IN ASIA
The Tokyo Stock Exchange is up slightly on Thursday (+0.25%) and should end a series of three consecutive days of decline.
Taiwanese chip giant TSMC also published its first quarter profit on Thursday, up 9% due to strong demand for artificial intelligence chips.
In China, the composite index of the Shanghai Stock Exchange increased by 0.46% and the CSI 300 of large capitalizations advanced by 0.49%.
The Hong Kong Stock Exchange advances by 0.97%.
RATES/EXCHANGES
The American bond markets are stable: the ten-year bond market stands at 4.5731%, and the two-year bond market at 4.9263%.
The dollar lost 0.07% against a basket of reference currencies. while the euro advances 0.05% to 1.0676 dollars.
The United States, Japan and South Korea agreed Wednesday to “consult closely” on foreign exchange markets in their first trilateral financial dialogue, with Washington acknowledging Tokyo and Seoul’s concerns over recent significant declines in their currencies.
The yen rose 0.03% to 154.34 per dollar on Thursday, while remaining close to a three-decade low.
OIL
Oil prices are stable after a 3% fall on Wednesday, the biggest in two and a half months, although the market remains on guard regarding global demand.
The United States’ decision to reimpose sanctions against the Venezuelan oil sector also helped stabilize prices.
The barrel of Brent increased by 0.29% and that of American light crude oil (WTI) gained 0.21%.
(Written by Diana Mandiá, edited by Blandine Hénault)
Copyright © 2024 Thomson Reuters