Sunday, July 21, 2019
Home Business MARKET POINT - Europe's market outlook slows down (up-to-date)

MARKET POINT – Europe's market outlook slows down (up-to-date)

  (Updated with Futures, Tokyo Closeout and Market
bond in Europe)
    * The big European indices expected in the red
    * Fears over trade push back Asian places
    * Capgemini buys Altran for 5 billion euros

    by Laetitia Volga
    PARIS, June 25 (Reuters) - The main European stock exchanges are
expected down on Tuesday at the opening, in the wake of Asian markets,
concerns about US-China trade limiting
initiatives just days away from the G20.
    According to the futures, the Paris CAC 40 .FCHI could lose
0.33% at the opening, the Dax in Frankfurt .GDAXI would fall by 0.36% and the FTSE
in London .FTSE 0.26%.
    Investors' attention is focused on the G20 summit that will take
Friday and Saturday in Japan, with the most anticipated event
scheduled meeting between US President Donald Trump and his counterpart
Chinese Xi Jinping on the trade.
    The latest announcements from Washington should not prompt
investors to optimism. A representative of the US administration
said Monday that Donald Trump saw this interview as a chance to
Beijing's position on the trade dispute and that it was "at
at ease "with all the possible outcomes to the discussions he will lead with Xi
Jinping.
    On the other subject of market concern, that of the tensions
geopolitical relations between the United States and Iran, the ministry spokesman
Iranian Foreign Minister said that the United States decision
to impose sanctions on the supreme leader of the Islamic revolution, the ayatollah
Ali Khamenei, and other senior representatives of Iran closed definitively
the diplomatic channel between the two countries.
    Investors will closely follow the interventions of several
members of the Federal Reserve, including its chairman Jerome Powell, who
will speak on the economic outlook and the monetary policy from
from 17:00 GMT.
    "It's still possible that Powell will come back on the interpretation
accommodating market of the last FOMC meeting but we
believe it will strengthen its announcements (opening the way for a rate cut) ",
said Kevin Cummins, an economist at NatWest Markets, who expects a
rate cut of 25 basis points at the next meeting of the
monetary policy of the Fed in July.
        
    VALUES TO FOLLOW:
    Capgemini CAPP.PA announced that it would buy Altran ALTT.PA for
3.6 billion euros, excluding debt, as part of a friendly offer at 14 euros
per share supposed to give birth to a global player of the
digital transformation of industrial enterprises. The offer of
Capgemi represents a premium of 22% over Altran's closing price
Monday night (11.47 euros).
    
    A WALL STREET
    The New York Stock Exchange finished in a disorganized Monday after the record level
Friday by the S & P-500 index in the hopes of a decline in rates of the
Federal Reserve. .NFR
    The Dow Jones Index .DJI nibbled 0.03% while the S & P-500 .SPX
yielded 0.17% and the Nasdaq Composite .IXIC fell 0.32%.
    
    IN ASIA
    The Nikkei .N225 on the Tokyo Stock Exchange ended down 0.43%, penalized
by the uncertainty over the evolution of the trade dispute between Washington and
Beijing and the strength of the yen.
    Sign of concern about the Sino-US trade situation,
CSI 300 mainland Chinese mainland .CSI300 gives up
1.1%, after touching last week a high since early May.
    
    EXCHANGE
    The dollar index is unchanged against a basket of reference currencies but
remains close to a low since mid-March, weakened by expectations of
lower rates in the United States. .DXY
    The euro took the opportunity to climb to a high of three months, at 1.1412
dollar. EUR =
    The yen, a safe haven par excellence, gains about 0.3% and is treated at 107
for one dollar, after strengthening to 106.77, a level he had not
more reached since January 3rd.
    
    RATE
    Ten-year US10YT = RR yields are slightly down,
just above 2%. In Europe, the German Bund of the same date DE10YT = RR
does not evolve in the first exchanges at -0.307%.
        
    OIL
    Oil prices are evolving into negative territory in a climate of renewal
concern about global demand for crude oil. US light crude
(West Texas Intermediate, WTI) CLc1 loses 0.4% to 57.7 dollars per barrel and the
Brent LCOc1 fell back to 64.7 dollars.

    METALS
    Gold reached its highest level in six years, at $ 1,438.63 an ounce, at
the favor of the falling dollar and latent tensions between the United States
and Iran.
           
    MAIN ECONOMIC INDICATORS AT THE 25 JUNE AGENDA:
 COUNTRIES GMT INDICATOR PERIOD CONSENSUS PREVIOUS
 FR 06h45 Business climate June 104
 US 13.00 April real estate price index + 2.6% + 2.7%
                 S & P Case-Shiller
         14h00 Confidence index of June 131.2 134.1
                 Consumer-Conference Board
         14:00 New home sales May 680,000 673,000
    
    MARKET SITUATION
    (Some data may show a slight shift)
    
  SCHOLARSHIPS
 ASIAN
 Indices Last Var. Var points. % YTD
 Nikkei-225 21193.81 -92.18 -0.43% + 5.89%
  .N225
 Topix .TOPX 1543.49 -4.25 -0.27% + 3.31%
 Hong Kong .HSI 28180.37 -332.63 -1.17% + 9.03%
 Taiwan .TWII 10706.72 -72.73 -0.67% -0.04%
 Seoul .KS11 2121.11 -5.22 -0.25% + 3.92%
 Singapore .STI 3313.03 + 1.50 + 0.05% + 7.96%
 Shanghai .SSEC 2976.30 -31,85 -1,06% + 19,34%
 Sydney .AXJO 6658.00 -7.40 -0.11% + 17.92%
 Closing in Tokyo: .TFR
                                                                                       
  WALL STREET
  Previous Closing:
 Indices Last Var. Var points. % YTD
 Dow Jones .DJI 26727.54 + 8.41 + 0.03% + 14.58%
 S & P-500 .SPX 2945.35 -5.11 -0.17% + 17.49%
 Nasdaq .IXIC 8005.70 -26.01 -0.32% + 20.65%
 Nasdaq 100 7723.02 -5.76 -0.07% + 22.01%
  NDX
                                                                                       
  Detail of the session on Wall Street: .NFR
 "The Day Ahead" - Update on the next session in Wall
 Street DAY / US
                                                                                       
  MARKETS
 EUROPEAN
 Futures on the CAC 40 0 ​​# FCE: and on the EuroStoxx50
  0 # STXE:
                                                                                       
  Values ​​to follow in Paris and Europe:
  WATCH / LFR
  The previous session:
 Indices Closing Var. Var points. % YTD
 Eurofirst 300 1511.74 -3.81 -0.25% + 13.55%
  .FTEU3
 Eurostoxx 50 3455.57 -11.35 -0.33% + 15.13%
  .STOXX50E
 CAC 40 .FCHI 5521.71 -6.62 -0.12% + 16.72%
 Dax 30 .GDAXI 12274,57 -65,35 -0,53% + 16,25%
 FTSE .FTSE 7416.69 +9.19 + 0.12% + 10.23%
 SMI .SSMI 9898.85 -23.98 -0.24% + 17.43%
                                                                                       
  EXCHANGE
                   Course Watch Var. % YTD
 Euro / Dlr EUR = 1.1391 1,1396 + 0.03% -0.61%
 Dlr / Yen JPY = 106.96 107.28 -0.30% -2.99%
 Euro / Yen 121.94 122.28 -0.28% -3.39%
  EURJPY =
 Dlr / CHF CHF = 0.9719 0.9718 + 0.01% -0.97%
 Euro / CHF 1,1080 1,1076 + 0.04% -1.55%
  EURCHF =
 Stg / Dlr GBP = 1.2751 1.2739 + 0.09% -0.05%
 Index $ .DXY 95.9390 95.9800 -0.04% -0.24%
                                                                                       
  RATE
                                 Last Var. Spread / Bund
                                                                 (Pts)
                                                                                       
 Bund 10 years DE10YT = RR -0.3080 +0.0010
 Bund 2 years -0.7270 +0.0070
  DE2YT = RR
 OAT 10 years 0.0246 +0.0000 +33.26
  FR10YT RR =
 Treasury 10 years US10YT = RR 2,0039 -0,0150
 Treasury 2 years US2YT = RR 1.7215 -0.0140
                                                                                       
                                                                                       
  OIL
 (in dollars) Price Previous Var Var.% YTD
 Light crude US 57.69 57.90 -0.21 -0.36% + 25.93%
  CLc1
 Brent LCOc1 64.68 64.86 -0.18 -0.28% + 19.45%
                                                                                       
 
 (Edited by Bertrand Boucey)
 
 

(tagsToTranslate) Paris stock exchange (t) investment (t) CAC 40 share (t) SICAV (t) invest (t) indices currencies (t) stock market (t) quotations (t) trackers (t) warrants (t) Boursorama

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Holiday notebook. Old Plows

The Vieilles Charrues festival reached its attendance record in 2016 with 278,000 festival-goers. (FRED TANNEAU / AFP)Today our Holiday notebook opens, in music, on...

BMW 840d, dream of a summer night

Two-door couplings are at risk of extinction. The offensive of SUVs or totramins has been occupying an increasingly central space in the market, to...

Angela Merkel: "There are times when disobedience is mandatory"

Today is the 75th anniversary of the failed assassination attempt. German Chancellor Angela Merkel and Annegret Kramp-Karrenbauer, the new Minister of Defense, addressed the...

The defense of the female quota at the head of the IMF gives options to Calviño

The race to direct the International Monetary Fund (IMF), before the precipitous departure of Christine Lagarde - in October will be in charge of...

Palams spent the evening with the premiere of Xavi Hernandez at the banquets

A lot of excitement will be this evening (7pm) at the Palamós-Costa Brava Stadium to see the first steps of a whole legend of...