By Pauline Foret
PARIS (Reuters) – The main European scholarships are expected in small decrease on Monday at the start of a week rich in meetings of the highest monetary authorities of some of the largest economies in the world while the specter of a customs war still worries investors.
According to the first indications available, the Parisian CAC 40 could lose 0.15% at the opening.
The term contracts report a drop of 0.16% for the Dax in Frankfurt and 0.07% for the Stoxx 600.
The London Stock Exchange is closed this Monday on the occasion of a traditional holiday observed on the first Monday in May.
In Romania, the extreme right candidate George Simion arrived at the top of the first round of the presidential election on Sunday, according to the quasi-define results, a ballot considered as a revealing of the rise of nationalism through the European Union.
George Simion will be opposed to the independent centrist mayor of the capital Bucharest Nicusor Dan, who obtained 21% of the votes, in a second round scheduled for May 18.
In a tense geopolitical and macroeconomic climate, investors will also scrutinize the monetary policy decisions of the Federal Reserve (Fed), which meets on Wednesday, and the Bank of England, which meets on Thursday.
The president of the Fed Jerome Powell was the subject of vehement criticism from Donald Trump, who believes that he is “rigid”, but the American president assured Sunday during a television interview that he would not dismantle him, a threat that had caused a wave of anxiety on the markets.
While customs discussions continue to worry investors, Donald Trump having announced new 100% surcharge on films that are not produced in the United States, many quarterly business results are expected this week.
In terms of macroeconomic indicators, in addition to the Salve of PMI final composites expected on Tuesday, China will publish data from its GDP Friday and inflation on Saturday, its first macroeconomic figures since the implementation of customs duties of 145% on the second world economy by Washington.
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A Wall Street
The New York Stock Exchange ended up on Friday, supported by a better than expected American employment report and by the hopes of a de -escalation of trade tensions between Washington and Beijing.
The Dow Jones index won 1.39%, or 564.47 points, at 41,317.43 points. Standard & Poor’s 500, wider, took 82.53 points, or 1.47%, at 5,686.67 points. The Nasdaq Composite advanced 266.99 points, or 1.51%, at 17,977,728 points.
Apple sold 3.73% after estimating on Thursday that its costs would increase by around $ 900 million in the quarter ending in June due to customs duties.
Warren Buffett also announced during the weekend his resignation from the post of managing director of Berkshire Hathaway.
In Asia
The Shanghai, Tokyo and Hong Kong scholarships are closed on Monday. Japan celebrates children’s day, while China traditionally observes Labor Day until May 5 inclusive.
On the currency side, the Taiwan dollar has gained more than 6% in the last two sessions, the fastest increase in its history according to LSEG data, fueling speculation as to the possibility that several Asian countries are forced by exchange re-evaluations in order to obtain concessions from the United States.
RATE
US bond yields are somewhat a few days away from the monetary policy decision of the Federal Reserve.
The yield of ten -year -old Treasuries gives 1.2 pb to 4.3083%, and the two years 1.6 pb to 3.8239%.
The yield of the German Bund at ten years earns 1.6 pb to 2,5360%, while the two years advances from 2.5 pb to 1.7920%.
Changes
The dollar is backing again this Monday in the face of the unprecedented increase in the Taiwanese motto.
The greenback loses 0.40% against a basket of reference currencies.
The euro earns 0.42% at 1.1343 dollars.
OIL
Oil prices lose more than $ 2 a barrel on Monday while OPEC+ will continue to speed up the increases in its production, causing concerns while expectations for demand remain darkened by the specter of a customs war.
Brent sold 3.26% to 59.29 dollars per barrel and light American crude (West Texas Intermediate, WTI) 3.57% to $ 56.21.
(Written by Pauline Foret, edited by Blandine Hénault)
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