(CercleFinance.com) – The Paris Bourse is expected to start in positive territory Tuesday morning, extending its bullish streak which saw the CAC 40 reach new highs yesterday.
Around 8:15 am, the ‘future’ contract on the CAC 40 index – end of month delivery – rose 31 points to 7244.5 points, announcing a rather positive opening.
The Parisian market ended Monday’s session with a gain of 0.9% to 7217 points, a new closing record, on the first trading day of the year.
This progress was made in relatively small volumes, however, with less than 2.6 billion euros traded during the day, making it one of the lowest scores for a new year in 20 years.
The Euro STOXX 50 and the DAX benefited from a similar dynamic, with respective gains of 0.8% and 0.9%, without however breaking new records.
Across the Atlantic, fiscal 2022 also got off to a good start with an increase of nearly 0.7% for the Dow Jones and 1.2% for the Nasdaq Composite.
The year began with a heavy fall in US Treasuries, especially at the 10-year T-Bond, whose yield climbed 13 basis points to reach 1.64% last night.
These tensions on the bond compartment could end up worrying the markets because a rise in real rates reduces the present value of future cash flows, dividends and profits.
In the macroeconomic chapter, investors are awaiting the publication, in the afternoon in the United States, of the ISM manufacturing index expected to decline slightly in December.
Regional indices show that morale remains high among American manufacturers, who are less exposed to rising gas prices than their European counterparts.
The ISM index has also spent most of 2021 above the 60 point threshold.
A flow of good news helped fuel the favorable dynamics of the equity markets at the start of the year, an encouraging scenario when we consider that the trend of the first sessions of January often determines the direction of the stock markets during the remainder of the year. ‘year.
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