(CercleFinance.com) – The main stock markets are moving without a clear direction this morning: Paris remains around its point of equilibrium after having crossed for the first time in its history the threshold of 7200 at the stroke of 10 a.m., Frankfurt gives up 0, 2% and London, whose quotes reopened after the long Christmas weekend, arrogates more than 1%.
Yesterday, the session ended on a mixed note on Wall Street, where the Dow Jones gained less than 0.3% and the Nasdaq Composite lost almost 0.6%.
‘Tech stocks faltered following Monday’s rally in mega-cap stocks. Low volumes, about 40% below the 30-day average for the S&P 500, exacerbated the market swings, ‘says Wells Fargo.
‘Investors remained cautiously optimistic in a context of positive seasonal trends associated with the last week of the year and positive information about Covid-19’, however, underlines the Californian bank.
The health issue could also remain at the heart of the concerns of operators this Wednesday, in the absence of major macroeconomic data, and while the news of companies is relatively tenuous.
In the news of European companies, Deutsche Bank remains roughly stable in Frankfurt, despite the decision taken on Tuesday by BaFin, the German federal financial supervisory authority, to impose an administrative fine of 8.66 million euros. euros to the banking institution due to the lack of ‘effective systems, controls and policies within the meaning of Article 16 (2) (a) of the European Benchmarks Regulation (Regulation (EU) 2016/1011)’, explains authority.
AstraZeneca today announced that it has entered into a global development and commercialization agreement with Ionis Pharmaceuticals for eplontersen, formerly known as IONIS-TTR-LRX.
Finally, Anglo American and Vale have had preliminary discussions on the possibility of jointly developing Vale’s Serpentina iron ore resource. This development would be carried out at the same time as Anglo American’s Minas-Rio iron ore mining in Brazil.
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