by Mara Vilcu
(Reuters) – European scholarships finished in green on Monday, while the markets analyzed the figures for the PMI indices, also continuing to assess the threats to the independence of the American Federal Reserve (Fed), while concerns remain on the political situation in France.
In Paris, the CAC 40 won 0.05% at 7,707.90 points. In Frankfurt, the Dax advanced by 0.51% and in London, the FTSE 100 rose 0.10%.
The Eurostoxx 50 index increased by 0.25%, the FTSEURofirst 300 won 0.25%and the Stoxx 600 advanced by 0.17%.
The month of September is historically characterized by strong fluctuations on the markets, the period being conducive to the reassessment of portfolios and promising to be risky for investors.
In France, the vote of confidence requested by Prime Minister François Bayrou on September 8 could lead to the fall of the government and feed the political instability which weighs on the prospects for growth.
On the geopolitical level, Emmanuel Macron will co-prresse on Thursday a meeting of the “coalition of volunteers” with British Prime Minister Keir Starmer and in the presence of the Ukrainian president Volodimir Zelensky, we learned from the Elysée.
During the rest of the week, the United States should be at the center of attention, with the publication of a series of data, including surveys on manufacturing industry and services, as well as employment figures, the culmination of which will be the report on wages in August on Friday.
American customs policy is also an important subject, after an American court of appeal judged on Friday that most of the customs duties imposed by President Donald Trump were illegal, a decision which should be appealed to the Supreme Court.
VALUES
Novo Nordisk increased by approximately 1.76% after announcing that its weight loss medication Wegovy reduced heart risks by 57% compared to the competing treatments of Eli Lilly.
A Wall Street
The New York Stock Exchange is closed due to a holiday.
The indicators of the day
The activity of the manufacturing sector of the euro zone has increased in August for the first time since mid-2010, driven by an increase in domestic demand and production, showed a survey of business leaders published on Monday.
Changes
The dollar reached its lowest level on Monday in five weeks, investors impatiently awaiting the publication this week of a series of data on the American labor market which could influence anticipations concerning the FED monetary easing policy.
The dollar loses 0.03% against a basket of reference currencies.
The euro earns 0.15% to $ 1.1701.
RATE
German yields are in small increases.
The yield of the German Bund at ten years is advancing from 2.5 base points to 2.7485%. The two -year -old takes 1.1 base points at 1.9553%.
OIL
Oil prices are increasing with concerns linked to the disruption of supply resulting from the intensification of air strikes between Russia and Ukraine, as well as the weakness of the dollar.
The Brent advances from 1.08% to $ 68.21 per barrel and light American crude (West Texas Intermediate, WTI) takes 1.12% at 64.73 dollars.
To be continued on September 2:
(Some data may accuse a slight offset)
(Written by Mara Vîlcu, edited by Kate Entringer)
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