Market: renewed caution on European markets


(CercleFinance.com) – Caution prevails this Tuesday on the European markets (-0.4% in London, -0.5% in Frankfurt, -0.8% in Paris), pending the two meetings major ones of the week scheduled for Wednesday evening, namely Nvidia’s results and the latest ‘minutes’ from the Fed.

‘In our opinion the minutes will have a more restrictive tone, the opposite of that held by Jerome Powell during his press conference, knowing that other members of the committee are more worried than him about the effects of their policy’, warns BofA.

Investors could therefore remain tempted to stay away from risky assets on the eve of this publication, which could lead to a more volatile trend for stocks in the second half of the week.

The only data released this morning, the euro zone’s trade surplus increased to 17.3 billion euros in March (compared to 16.7 billion in February), with exports increasing by 0.1% and imports falling. symmetrical.

On the stock side, AstraZeneca gained almost 1% in London, the pharmaceutical laboratory having indicated, during its investor day, that it planned to almost double its turnover by 2030.

Generali loses 3% in Milan in the wake of the publication by the insurance company of an adjusted net profit down 9% for its first quarter of 2024 (but up 8% excluding an exceptional capital gain recorded one year previously).

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