PARIS (Reuters) – The main European scholarships are expected up on Friday at the opening, investors integrating the new geopolitical deal in the Middle East.
According to the first indications available, the Parisian CAC 40 could gain 0.94% at the opening.
The term contracts report an increase of 0.9% for the Dax in Frankfurt, 0.55% for the FTSE in London and 0.96% for the Stoxx 600.
Investors continue to sail in a context of international tensions marked by climbing the conflict in the Middle East between Israel and Iran.
On Thursday, the White House said that Donald Trump will make a decision to intervene or not in the Israeli military campaign against Iran over the next two weeks, referring to the possibility of negotiations in the near future.
“Tensions in the Middle East accentuate the weariness of the markets,” judge Barclays analysts in a note published on Friday.
“The recent crises in the region have shown that the impact of petroleum shocks on actions is generally short-lived and generally translates into medium-term purchase opportunities. In fact, if the conflict brings more stability and peace in the Middle East, it could, in our view, be considered as bullish for risky assets in the medium term”, they add.
Pending future developments in the region, investors should react to the indicators published this morning in Europe reflecting a drop in retail sales in the United Kingdom and production prices in Germany, before the Philly Fed index expected at midday in the United States.
The publication of PMIs for June at the start of next week will also be scrutinized to analyze the consequences of the context on economic activity while monetary policy officials have underlined this week the uncertainty linked to trade and geopolitical tensions on growth and inflation.
The Chinese Ministry of Commerce also said Friday that it had agreed with the European Union of healthy and stable development of economic and commercial relations.
The values ​​to follow: [L8N3SM12Z]
A Wall Street
Wall Street and the majority of American markets were closed on Thursday due to a holiday celebrating the end of slavery.
On Wednesday, the New York Stock Exchange had finished in dispersed order after a volatile session during which the American Federal Reserve (Fed) left its unchanged interest rates as expected, the Dow Jones index yielding 0.10% to 42,171.66 points and the Standard & Poor’s 500 0.03% to 5,980.87 points while the Nasdaq Composite took 0.13% to 19,546,273 points.
In Asia
The Tokyo Stock Exchange, without catalysts, takes 0.02%.
In China, feeling is marked by geopolitical uncertainties and markets have been oriented towards their greatest weekly loss since April despite a rebound on Friday.
The Hong Kong Hang Seng index increased by 0.83%, the SSE Composite of Shanghai is reinforced by 0.09%, the CSI 300 scored an increase of 0.22%.
RATE
American yields are changing little Friday after the market closed on Thursday.
The ten -year -old Treasury yield declines from 2.2 pb to 4.3732%, while the two -year title yield abandons 1.2 pb to 3.9289%.
The yield of the German ten years fell 3 bp to 2.488%, that of the rate at two years loses 1 bp to 1.833%.
Changes
The dollar, slightly down on Friday, is expected to record a weekly increase in a context where investors are turning to refuge values.
The dollar fell 0.29% against a basket of reference currencies, the euro rises from 0.28% to 1.1526 dollars, and the pound sterling firms from 0.12% to 1.3482 dollar.
In Asia, the yen lost 0.07% to 145.35 yen for a dollar, the Australian dollar rises from 0.09% to 0.6487 dollars.
OIL
Oil prices are down down on Friday following Trump’s statements on Iran.
Brent fell 2.97% to $ 76.51 a barrel, the American light crude (West Texas Intermediate, WTI) weakens 0.19% to 75 dollars.
Main economic indicators at the Agenda on Friday June 20:
Pays GMT indicator previous consensus period
Fr 06:45 am business climate in June 97 97
industry
USA 12:30 p.m. Philly Fed June -1.0 -4.0
EZ 2:00 p.m. Consumer confidence June -14.5 -15.2
flash
(Written by Bertrand de Meyer, edited by Zhifan Liu)
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