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* The CAC 40 advances by 0.17%, the Stoxx 600 is stable
* Record number of new infections on Sunday according to WHO
* But US futures are moving higher and supporting the trend
by Blandine Henault
PARIS, June 22 (Reuters) - The main European stock markets are moving in
dispersed order and on weak variations Monday in the morning after
beginnings in the red, torn between fears of a resurgence of
the coronavirus epidemic and the prospect of a positive opening on Wall
Street.
In Paris, the CAC 40 index advances by 0.17% to 4,988.13 points around 8:50 a.m.
GMT. In Frankfurt, the Dax gains 0.23% while in London, the FTSE
fell back by 0.1%.
The EuroStoxx 50 Eurozone Index, the FTSEurofirst 300
and the Stoxx 600 are practically stable.
The
World Health Organization (WHO) has reported a record rise in
number of cases of coronavirus contamination in the world during the day
of Sunday, with 183,020 new infections in 24 hours.
The largest increase is in North and South America where
Brazil, in particular, now lists more than 50,000 dead. The
French Guiana could for its part be subject to a "reconfinement" in
due to the still active circulation of the virus.
“Could an increase in new infections compel the
advanced economies to reimpose containment measures so severe and so
widespread that they would shake confidence and disrupt the recovery
nascent economy? (...) This remains the main risk to monitor for
the economic outlook as well as for the financial markets", observes
Holger Schmieding, economist at Berenberg.
Despite these fears, the trend in Europe is supported by the sharp rise
observed for futures on US indices. VALUES
Red lantern of Stoxx 600, the German financial services group
Wirecard, in the midst of a scandal of accounting irregularities, plunges to
new (-35.77%). The payment specialist acknowledged on Monday that balances
of cash representing an amount of 1.9 billion euros could
simply not to exist.
In addition,
Moody's announced on Friday that it had downgraded the credit rating of
Wirecard in speculative category.
Difficult start to the week also for the airline Lufthansa (-5.84%) before a meeting scheduled for the day between the
billionaire Heinz Hermann Thiele, the largest shareholder of Lufthansa , and the
German Minister of Economy on a support plan of 9 billion
euros for the German company.
In Paris, Arkema climbs to the top of the SBF 120 with a gain of 4.44%,
carried by information from the Bloomberg agency according to which the group of
chemistry has contacted potential candidates for the acquisition of its Plexiglas activity. IN ASIA
After an early session in the red, the Tokyo Stock Exchange returned to
the rise with the positive trend on the American futures before yielding
ground again at the end of the day. The Nikkei index closed on a
decline of 0.18%.
In Hong Kong, the HSI index fell 0.54% as authorities
Chinese authorities on Saturday detailed their security bill for the former
British colony returned to China in 1997.
AT WALL STREET
Futures contracts on major US indices are signaling a
rise of around 1% at the opening on Monday, after a weekend in the
Red.
After a positive start to the session, the New York Stock Exchange fell on Friday
after the announcement of the closure of several Apple stores in the United States in
due to a rebound in the epidemic due to the new coronavirus.
The Dow Jones index fell 0.8% to 25,871.46 points and the S&P-500
lost 0.56% to 3,097.74 points. For its part, the Nasdaq Composite
ended almost stable (+0.03%) at 9,946.12 points.
EXCHANGES/RATES
The dollar is giving up some of the ground gained last week against a
basket of reference currencies and the euro took the opportunity to return to more than 1.12
dollar.,
On the bond market, the yield of ten-year Treasuries
is stable, at 0.7003% and that of the German Bund with the same maturity is
also unchanged, at -0.422%.
Bond investors are keeping an eye on the appointment this Monday
a new president and a new judge at the Constitutional Court
German which could lead to a less confrontational position with the
European Central Bank (ECB), according to two sources at Reuters.
OIL
Crude prices stabilize after initial decline on fears
for demand with those of a new epidemic wave.
The barrel of Brent rose 0.3% to 42.31 dollars and that of crude
American Light (WTI) is unchanged at $39.75.
NO MAJOR ECONOMIC INDICATOR ON THE AGENDA
THE MARKET SITUATION
(Some data may show a slight shift)
MARKETS
EUROPEANS
Indices Last Var. Var. %YTD
Points
Eurofirst 300 1426.81 +0.73 +0.05% -12.14%
Eurostoxx 50 3268.44 -0.66 -0.02% -12.73%
CAC 40 4,987.37 +7.92 +0.16% -16.57%
Dax 30 12,354.08 +23.32 +0.19% -6.75%
FTSE 6292.26 -0.34 -0.01% -16.58%
SMI 10265.44 -0.85 -0.01% -3.31%
The values to follow in Paris and in
Europe:
SCHOLARSHIPS
ASIAN
Closing Indices Var. Var. %YTD
Points
Nikkei-225 22437.27 -41.52 -0.18% -5.15%
Topix 1579.09 -3.71 -0.23% -8.26%
Hong Kong 24511.34 -132.55 -0.54% -13.05%
Taiwan 11572.93 +23.07 +0.20% -3.54%
Seoul 2126.73 -14.59 -0.68% -3.23%
Singapore 2641.00 +6.17 +0.23% -18.05%
Shanghai 2965.27 -2.36 -0.08% -2.78%
Sydney 5944.50 +1.90 +0.03% -11.07%
The fence at
Tokyo:
WALL STREET
The session
former :
Indices Last Var. Var. %YTD
Points
Dow Jones 25871.46 -208.64 -0.80% -9.35%
S&P 500 3097.74 -17.60 -0.56% -4.12%
Nasdaq 9946.12 +3.07 +0.03% +10.85%
Nasdaq 100 10008.64 -3.41 -0.03% +14.61%
Minutes of the
meeting on Wall Street:
"The Day Ahead" - The point on the next
session on wall street
CHANGES
Standby Price Var.% YTD
Euro/Dlr 1.1220 1.1175 +0.40% +0.09%
DLR/Yen 106.89 106.87 +0.02% -1.81%
Euro/Yen 119.96 119.43 +0.44% -1.64%
Dlr/CHF 0.9498 0.9523 -0.26% -1.86%
Euro/CHF 1.0657 1.0640 +0.16% -1.80%
Stg/Dlr 1.2424 1.2356 +0.55% -6.30%
Index $ 97.3370 97.6230 -0.29% +1.21%
GOLD
Standby Price Var.% YTD
Gold Spot 1748.00 1742.84 +0.30% +15.23%
RATE
Last Var. Spread/Bu
n/a
(pts)
Future Bunds 175.82 +0.14
10-year Bunds -0.42 -0.01
2-year Bunds -0.68 -0.01
10-year OATs -0.10 -0.01 +32.51
Treasury 10 0.70 -0.00
years
Treasury 2 years 0.19 +0.00
OIL
(in dollars) Previous Price Var Var.% YTD
US light crude 39.75 39.75 +0.00 +0.00% -35.06%
Brent 42.28 42.19 +0.09 +0.21% -35.97%
(Edited by Laetitia Volga)
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