by Pauline Foret
(Reuters) – Wall Street is expected to fall on Monday while European stock markets are trading in disarray halfway through a session marked by low trading volumes while rising US bond yields put pressure on the stock markets. actions. New York index futures signal Wall Street opening down 0.22% for the Dow Jones, 0.34% for the Standard & Poor’s 500 and 0.37% for the Nasdaq. In Paris, the CAC 40 gained 0.16% to 7,367.34 points around 12:21 GMT. In Frankfurt, the Dax fell 0.13% and in London, the FTSE 100 lost 0.11%.
The EuroStoxx 50 index is up 0.03%, the FTSEurofirst 300 is down 0.10% and the Stoxx 600 is down 0.10%.
Less than a month before the inauguration of Donald Trump, bets are rife on the turn that the American economy will take after his accession to the presidency. With its policies widely seen as inflationary, US bond yields have strengthened since the start of December.
Who says rising yields, says pressure on the stock markets: most American indices are struggling to turn green during this period, which is historically favorable to the S&P 500, known as the “Santa Claus rally”.
This pressure is causing some of the largest capitalizations on Wall Street to fall, with Tesla, Meta and even Nvidia losing between 0.5% and 1.8% in pre-market trading.
In Europe, the rise in German Bund yields in the wake of American treasury bonds is also weighing on the stock markets at the start of a week which will once again be shortened by the New Year holidays. VALUES TO FOLLOW WALL STREET
A 737-800 from the American manufacturer Boeing crashed on Sunday while landing at Muan airport in South Korea, killing 179 people. In pre-market trading, the stock lost 4.3%.
VALUES IN EUROPE
The BayWa group climbs 18.74% after reaching a restructuring agreement with its main shareholders and creditors.
RATES On both sides of the Atlantic, bond yields fell somewhat this Monday after having increased considerably against a backdrop of speculation about the monetary policy of the Trump administration and the number of rate cuts from the main central banks in 2025.
The yield on ten-year Treasuries fell 2.6 basis points (bp) to 4.5930%, and two-year Treasuries fell 2.9 basis points to 4.2973%.
The ten-year German Bund yield fell 0.4 bp to 2.3860% and the two-year 0.9 bp to 2.0950%.
CHANGES
At the end of the year marked by elusive liquidity, the dollar aligns with the yields of treasury bills and erodes slightly while remaining at a particularly high level.
The dollar lost 0.18% against a basket of reference currencies.
The euro gained 0.2% to 1.0448 dollars.
OIL
Oil prices are stable on Monday, as investors await the release later in the week of macroeconomic data in China and the United States, the two largest consumers of natural resources in the world.
Brent gained 0.08% to $74.23 per barrel and American light crude (West Texas Intermediate, WTI) gained 0.16% to $70.71.
NO ECONOMIC INDICATOR ON THE AGENDA FOR DECEMBER 30
THE SITUATION ON THE MARKETS
(Some data may have a slight lag)
(Writing by Pauline Foret, edited by Kate Entringer)
Copyright © 2024 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
