MARKET REVIEWS. Global stock markets were in the green on Thursday, the day after the publication of the minutes of the last meeting of the American central bank, the Fed, which reinforced the hope of an upcoming slowdown in its rate hikes.
During a quiet session, in the absence of US markets, closed for Thanksgiving, European stock markets were in the green.
In Asia, despite a new record for daily COVID-19 infections in China (31,444 new cases listed on Wednesday), markets enjoyed a bullish session, encouraged by the minutes of the last Fed meeting, published Wednesday.
The New York Stock Exchange also concluded in the green Wednesday evening, after the publication of the Fed, in a sparse market provided before the Thanksgiving holiday.
Stock indices at 8:00 a.m.
The futures contracts Dow Jones advanced 36.00 points (+0.11%) to 34,247.00 points. The futures contracts S&P500 increased by 8.00 points (+0.20%) to 4,041.00 points. The futures contracts Nasdaq increased by 46.25 points (+0.39%) to 11,909.00 points.
In London, the FTSE100 gained 1.98 points (+0.03%) to 7,467.22 points. In Paris, the CAC 40 rose by 23.20 points (+0.35%) to 6,702.29 points. In Frankfurt, the DAX posted an increase of 114.33 points (+0.79%) to 14,541.92 points.
In Asia, the Nikkei Tokyo rose 267.35 points (+0.95%) to 28,383.09 points. For his part, the Hang Seng Hong Kong gained 137.09 points (+0.78%) to 17,660.90 points.
On the oil side, the price per barrel of American WTI was down US$0.29 (-0.37%) to US$77.65. The barrel of North Sea Brent fell by US$0.55 (-0.64%) to US$84.86.
“Market sentiment has improved significantly, despite lower volumes due to the US markets being closed for Thanksgiving today (Thursday), following the minutes of the last Policy Committee meeting. monetary policy of the Fed (FOMC) which suggested a slowdown in the rise in interest rates”, explained Pierre Veyret, analyst of ActivTrades.
On the bond market, European government bond rates fell sharply. The French 10-year rate fell 11.3 basis points to 2.26% around 12:40 GMT, hitting its lowest level since mid-September.
They followed the trend of ten-year US Treasury Bonds, which fell to 3.69% on Wednesday, from 3.75% the day before. The US bond market is closed on Thursday, as is the stock market.
The European Central Bank (ECB), which wants to lower the inflation rate in the euro zone to 2% against 10% currently, published the minutes of its October monetary policy meeting on Thursday.
To bring inflation back into the waters of its mandate, the ECB started an aggressive cycle of raising key interest rates in July, raising them at this stage by two percentage points, confirming the continuation of increases.
The British shoe brand Dr. Martens saw its title plunge by 25% on the Stock Exchange of London after lowered forecasts and a half-year profit hit by the economic crisis, in a gloomy climate for British traders for Black Friday and Christmas.
Still among British distributors, the DIY and decoration group Kingfisher fell for its part by 1.46%, after sales which stagnated over a quarter but up sharply compared to before the pandemic. Castorama’s parent company is even revising its forecasts for its financial year down a little.
Oil prices were still falling, weighed down by the prospect of a loosely restrictive Russian oil price cap and fears of an economic slowdown in China due to a new outbreak of Covid-19.
the bitcoin rose 0.60% to US$16,571 at the same time.