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MARKET REVIEWS. Global stock markets were sluggish on Tuesday, with all eyes already on the series of central bank meetings next week, in the absence of indicators.
Stock indices at 8:00 a.m.
The futures contracts Dow Jones rose 9.00 points (+0.03%) to 33,995.00 points. The futures contracts S&P500 rose by 1.75 points (+0.04%) to 4,005.00 points. The futures contracts Nasdaq rose by 18.25 points (+0.15%) to 11,824.00 points.
In London, the FTSE100 posted a decline of 25.75 points (-0.34%) to 7,541.79 points. In Paris, the CAC 40 fell 9.87 points (-0.15%) to 6,687.09 points. In Frankfurt, the DAX fell 20.71 points (-0.14%) to 14,426.90 points.
In Asia, the Nikkei of Tokyo rose by 65.47 points (+0.24%) to 27,885.87 points. For his part, the Hang Seng Hong Kong fell 77.11 points (-0.40%) to 19,441.18 points.
On the oil side, the price per barrel of American WTI was down US$1.29 (-1.68%) to US$75.64. The barrel of North Sea Brent lost US$1.42 (-1.72%) to US$81.26.
“Financial markets have been rebounding strongly since early October, when most investors maintained a bearish outlook (…), as they convinced themselves that the US central bank seems on track to lower inflation, without having to push the ‘economy in recession’, describes Vincent Boy, of the broker IG.
If the speech of the president of the American Federal Reserve (Fed), Jerome Powell, had carried the markets last week, the last indicators, like the report on employment in the United States and the indicator of activity in services ISM, painted the picture of a still robust US economy, where inflation could persist.
The Australian central bank for its part raised its main interest rate by 0.25 percentage points on Tuesday, an increase in line with investor forecasts. The Fed’s decision is expected on December 14.
Puma jumps from the Dax The German sportswear manufacturer Puma (+0.88%), which is suffering from the slowdown in demand, linked to inflation and the end of the boom recorded during the pandemic, will leave the flagship German Dax index, replaced by the car manufacturer Porsche.
The British industrial equipment rental group Ashtead progressed (+0.16%) against the current of the London Stock Exchange, after announcing its results and taking more than 3% in the first exchanges. The group’s profit jumped 35% year on year in the staggered first half.
Defense sector groups were at the top of the European indexes, such as Leonardo (+1.85%) in Italy, BAE Systems (+1.47%) in London, or even Dassault Aviation (+1.43%) and Thales (+1.56%) in France. Thales and the German start-up Marvel Fusion have signed a partnership to accelerate research in laser nuclear fusion within the European nuclear physics research center ELI-NP based in Romania.
Oil prices were again weighed down on Tuesday by the possibility of a new burst of rate hikes from the various major central banks in mid-December, and despite the entry into force of sanctions on Russian crude which could disrupt global supply. .
euro was up 0.32% against the greenback at US$1.052.
the bitcoin took 0.21% to US$17,005.