(CercleFinance.com) – The New York Stock Exchange should open slightly lower on Tuesday morning, extending its pause after the records set last week amid concerns about a possible escalation of tensions in the Middle East.
Half an hour before the opening, the ‘futures’ contracts on the New York indices lost between 0.6% and 0.8%, announcing a continuation of yesterday’s consolidation.
American stock markets reached new highs last Thursday, at the end of a first quarter which resulted in an increase of more than 10% for the S&P 500 over the first three months of the year. .
This is its best benchmark performance since 2019 for this time of year.
While Wall Street has just posted five consecutive months of progress, investors may feel the need to catch their breath, especially as a new earnings season is due to start soon.
Despite the reassuring inflation figures published on Friday, the American market began the second quarter on a relatively dull note yesterday, with the Dow Jones having lost 0.6% and the Nasdaq Composite having gained 0.1% against a backdrop of fairly mixed signals. of the American manufacturing sector.
Investors hope that the industrial orders statistics which will be published during the morning will show a more favorable trend.
Industrial orders figures are expected to rise 1% in February, after a fall of 3.6% the previous month.
A new episode of tensions between Israel and Iran is also driving up oil prices and safe haven assets following strikes carried out by the IDF on the Iranian consulate in Damascus, causing several deaths.
This renewed tension, which raises fears of an escalation in the Middle East, is reflected on the markets by a rise in oil prices, with a barrel of light American crude (WTI) increasing by 1.5% to nearly 85 dollars.
Gold, for its part, reached a new historic high at $2,287.5.
The session should be animated among other things by the first listing of GE Vernova, the energy subsidiary of GE, which will in turn become GE Aerospace following the split, GE HealthCare having already entered the market at the very beginning of the year.
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