(CercleFinance.com) – The New York Stock Exchange should open without much change on Monday in the first trades after the new highs recorded last Friday by the S&P 500 and the Nasdaq.
Half an hour before the opening, the futures contracts on the main New York indices are stable, or even falling around 0.2%, announcing a start to the session around equilibrium.
The S&P 500 and the Nasdaq gained 1.6% and 3.3% respectively last week, a seventh week of growth out of eight, which allowed them to set new historic records.
But Wall Street may well be making records after records, investors are perhaps not as confident as they seem, even if the VIX index is moving at record lows.
“We can still be surprised by the incredible resilience of the American equity markets,” argues Alexandre Baradez, head of market analysis at IG France.
‘We must still remember that during the debt crisis in the euro zone, the S&P 500 dropped nearly 20% between May and August 2011, before recovering,’ he emphasizes, seeing this as a possibility. -be a sign of renewed volatility to come.
Other potential disruptive factors for the markets also remain present, such as the persistence of inflation which is beginning to weigh on household morale and compromises the Fed’s rate cuts.
On the bond market, the yield on ten-year Treasuries is slowly rising again to 4.27% after reaching its lowest level in almost three months last week.
Oil prices are also recovering downward as the third quarter approaches, which generally results in an increase in demand with the holiday season.
American light crude (West Texas Intermediate, WTI) gained 0.4% to more than $78.7.
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