PARIS (Reuters) – The main European stock markets are expected to decline at the opening of a session without indicators on Monday.

Futures contracts suggest an opening down 0.39% for the Parisian CAC 40, compared to a decline of 0.36% for the FTSE in London, 0.19% for the Dax in Frankfurt and 0.33% for the ‘EuroStoxx 50.

Variations on European markets should remain moderate, in a context of low liquidity and with no new economic or political elements expected today.

This will be the last full session of 2024, with Tuesday’s session being shortened for New Year’s Eve.

The final manufacturing PMI indicators on Thursday, as well as the ISM manufacturing indicator in the United States on Friday, will help to liven up trade at the end of the week.

A WALL STREET

The New York Stock Exchange ended down on Friday with technology stocks, however insufficient to erase a week of rebound despite the low trading volumes linked to the end-of-year holidays.

The Dow Jones index lost 0.77%, or 333.59 points, to 42,992.21 points.

The broader S&P-500 lost 66.75 points, or 1.11%, to 5,970.84 points.

The Nasdaq Composite fell 298.33 points (-1.49%) to 19,722.031 points.

Tesla lost 4.95% on Friday while Apple, Amazon, Microsoft and even Nvidia lost between 1.32% and 2.09%, with the end of the year also being conducive to profit taking. Tesla has jumped nearly 74% and Nvidia 178% since the start of the year.

IN ASIA

The Japanese stock market fell on profit-taking. Markets will be closed in Tokyo from Tuesday and will not reopen until January 6. The Nikkei index lost 0.96% to 39,894.54 points. The broader Topix lost 0.6% to 2,784.92 points.

Advantest lost 2.5%.

Chinese markets advanced in a data-poor context. The Hong Kong Hang Seng index increased by 0.02%, the Shanghai SSE Composite strengthened by 0.21%, the CSI 300 by 0.46%.

RATE

Yields vary little in the absence of indicators.

The ten-year Treasury yield declined 1.2 bps to 4.6072%, while the two-year yield fell 1.6 bps to 4.3097%.

The German ten-year yield is unchanged at 2.397%.

CHANGES

Currency traders remain wait-and-see, with no element likely to cause exchange rate fluctuations expected in the coming days.

In Asia, the yen is stable at 157.82 yen per dollar, the Australian dollar rises 0.32% to 0.6235 dollars.

The dollar fell 0.01% against a basket of reference currencies, the euro eroded 0.02% to 1.0425 dollars, and the pound sterling lost 0.02% to 1.2577 dollars.

OIL

The barrel is falling, investors positioning themselves for the publication of the ISM manufacturing index in the United States on Friday, as well as for the Chinese manufacturing PMI indicator, expected on Tuesday.

Brent fell by 0.11% to $74.09 per barrel, American light crude (West Texas Intermediate, WTI) weakened by 0.11% to $70.52.

(Written by Corentin Chappron, edited by)

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