PARIS (Reuters) – The main European stock markets are expected to fall at the opening on Tuesday, with investors awaiting first data on the economy of certain European countries during the session, as they digest the election of Donald Trump .

Futures contracts suggest an opening down 0.7% for the Parisian CAC 40, compared to a decline of 0.49% for the FTSE in London, a decline of 0.8% for the Dax in Frankfurt, and a decline by 0.82% for the EuroStoxx 50.

The markets are awaiting the first indicators during the session on Tuesday which should make it possible to confirm the trajectory of the European economies with final inflation in Germany or even data on unemployment in the United Kingdom.

CPI inflation in the United States, which will be published on Wednesday, as well as producer prices will also be scrutinized tomorrow.

But investors now seem to be focusing on geopolitical issues after Donald Trump returned to the White House for a second term.

Political instability in Germany with the collapse of the ruling coalition adds uncertainty and fuels the context which weighs on the euro.

VALUES TO FOLLOW: [L8N3MI1F9]

A WALL STREET

The New York Stock Exchange closed in the green on Monday, the enthusiasm that has gripped the markets since Donald Trump’s victory as US president does not seem to have completely subsided.

The Dow Jones index gained 0.69%, or 304.14 points, to 44,293.13 points.

The broader Standard & Poor’s 500 gained 5.81 points, or 0.10% to 6,001.35 points.

The Nasdaq Composite advanced 11.99 points, or 0.06%, to 19,298.763 points.

In terms of values, the stocks most likely to benefit from Donald Trump’s victory remain highly sought after, like Tesla which gained 9%.

IN ASIA

Tokyo closed lower on Tuesday in the middle of earnings season and as the semiconductor sector suffered after the election of Donald Trump.

The Nikkei index lost 0.40% to 39,376.09 points while the broader Topix gained 0.07% to 2,741.52 points.

Hong Kong stocks are trading at a three-week low on Tuesday after data showed unexpected weakness in loan demand in China in October.

The Hong Kong Hang Seng index declined by 2.96%, the Shanghai SSE Composite fell by 1.45%, the CSI 300 fell by 1.13%.

RATE

After being closed on Monday on the occasion of “Veteran Day”, the rate markets in the United States should advance cautiously on Tuesday awaiting the publication of the monthly survey on American consumer inflation (CPI) on Wednesday. .

CHANGES

The dollar hit a four-month high against its major peers on Tuesday, supported by investors who continue to bet on stocks seen as benefiting from Donald Trump’s victory in the US election.

The dollar gained 0.13% against a basket of reference currencies, the euro eroded by 0.16% to 1.0637 dollars, and the pound sterling lost 0.31% to 1.2829 dollars.

In Asia, the yen fell 0.03% to 153.67 yen per dollar, the Australian dollar lost 0.29% to 0.6555 dollars.

OIL

The barrel hesitates on Tuesday after falling on Monday, the monthly report from the Organization of the Petroleum Exporting Countries (OPEC) to be published later during the session while the Chinese recovery plan announced on Monday disappointed.

Brent fell by 0.33% to $71.59 per barrel, American light crude (West Texas Intermediate, WTI) weakened by -0.4% to $67.77.

MAIN ECONOMIC INDICATORS ON THE AGENDA FOR NOVEMBER 12:

COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS

FROM 07:00 Inflation (final) October

– over one month 0.4% 0.4%

– over one year 2.0% 2.0%

GB 07:00 Unemployment October 4.1% 4.0%

FROM 10:00 Zew sentiment indicator November 13.0 13.1

(Written by Bertrand De Meyer, edited by Augustin Turpin)

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