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FIRST TRAFFIC – Growing value on stock markets in Europe, more cautious



                * FED no longer applies to further rate increases
* It can also adjust your scaling down
* Relief on stock exchanges, dollars, and shocks on pain
* CAC 40 could get 0.3% at the opening
* Dow Jones got 1.77%, Asia is progressing

author Blandine Henault
The major European stock markets are expected
to open on Thursday after a very careful message issued by the reserve
The Federal Government (Fed), which helped push Wall Street to the weight of the dollar
and the yield of US bonds.
According to the first available data, the Paris CAC 40
could get 0.28% at the opening, Dax in Frankfurt would advance
0.24%, while FTSE in London recorded 0.05%.
The Fed on Wednesday said he would tighten the cycle
Monetary policy could be completed by stating that it is
be patient considering the possible additional increases due
economic and financial insecurity.
Her President, Jerome Powell, explained that arguments were in favor
the continued increase in the rate "weakened" and published a press release
two days of discussion of the Federal Open Market Committee (FOMC)
further reference to the possibility of further increase in rates, a
interrupt with the discourse that was held before.
"The Fed statement firmly confirms its bias, which
is already released early in the year. Market concern
The increase in interest rates can now be reduced, "Masahiro says
Ichikawa, strategist at Sumitomo Mitsui AM.
The US Central Bank also opened the door
reducing the balance, which is currently
$ 4.100 billion ($ 3.570 billion), which could lead to this
termination with this strategy and maintaining asset portfolio
more important than what was originally planned.
"The FED's mentioned balance sheet is a positive surprise.
now contact trade negotiations immediately
The United States and China, but stock markets may have enough
support to resist the bad news of these discussions, "he adds
Masahiro Ichikawa.
Trade negotiations between the United States and China continued
Wednesday in Washington in the presence of a delegation led by the Deputy Prime Minister
Minister Liu He, one month after the end of the bill that set these two
the world's largest economic forces.
An American delegation headed by a US trade representative
Robert Lighthizer and Chinese negotiators conducted two-day talks
in the building of the Eisenhower Executive Office, not far from the White House.


WALL STREET
The New York Stock Exchange ended abruptly on Wednesday after the promise
FED takes the advantage of patience before further rate increases
interest, the commitment to strengthen the already viable progress
Apple's results and strong Boeing forecasts.

Index Dow Jones grew by 1.77%, closing it above the threshold
25,000 points the first time since December 4 and the S & P-500
took 1.55%, best closes on December 6th.
Nasdaq Composite rose by 2.2%, recording the highest
a sudden increase in percentage at a January 4 session.
The best score for Dow, Apple jumped 6.83% a day after
publishing your results, team leader comments, Tim Cook, at
trade tensions and sustainable growth in business income
services that had the advantage over the fear of falling iPhone sales.
At the same time, Boeing took 6.25%
Profit and cash generation for this year are significantly higher
on market assessments.
Several companies also announced at the end of the session, such as
Facebook, Tesla, Microsoft and Qualcomm.

IN AZIA
The FED announcement also supports the trend in Asia
mixed.
The Tokyo Stock Exchange ended 1.06% over the previous year
Wall Street. Industrial production in Japan fell by another month
in December, but the decline (-0.1%) was less pronounced than expected.

In China there has been a decrease in activity in the Chinese manufacturing sector
the second month in a row in January, the official PMI for production
49.5 to 49.3 are expected.
This does not prevent the CSI 300 stock index from
Continental China occupies 0.61% while Hong Kong stock market
in advance of 0.84%.

RATE
The rationale shown by the Fed, and the words of Jerome Powell, who judged
that the high inflation risks were logically reduced
lower US dollar yields.
Ten-year treasury transactions amounted to 2.687% in relation to more than
2.73% before being released from the central bank. The yield of government bonds
two-year-olds have fallen to 2.51% over a year or more
2.58% upstream of Feda's release.

EXCHANGE
In the same way, the dollar suffered a pleasing speech from the Fed
its president, an index that measures its evolution in relation to the basket of currencies
the lowest since January 11th.
Euro has taken the opportunity to rise to more than $ 1.15 and pound
sterling trades at more than $ 1.31 in spite of uncertainty
persistent around Brexit.

OIL
Crude oil prices are growing, as confirmed by the announcement
the fall in imports of US oil from Arabia
Saudi Arabia and the odds of oil breaks
Venezuela after the sanctions Washington has brought against the country.
Brent Brent is developing more than $ 62 and crude oil barrels
The US (WTI) rating of more than $ 54.50.

VALUES FOR THE FOLLOWING:

MAIN ECONOMIC INDICATORS IN PROGRAM 31 JANUARY:
COUNTRY GMT PERIOD OF THE INDICATOR OF THE PREVIOUS CONSENSUS
OD 07:00 Retail sales in December -0.6% + 1.4%
- more than a year n.d. + 1.1%
FR 07:45 HICP Inflation over one year (January 1, 0.1%)
assessment)
- more than a year 1.3% 1.9%
FROM 08h55 Employment Seekers January -10,000 -14,000
Unemployment rate 5.0% 5.0%
EC 10:00 BDP (1st assessment) T4 + 0.2% + 0.2%
- over one year + 1.2% + 1.6%
10:00 Unemployment rate December 7.9% 7.9%
USA 1:30 pm Unemployed ads sem. up to 215,000 199,000
1.26
USA 14:45 PMI Chicago Index January 61.5 65.4
USA 15:00 New Home Sales November 560,000 544,000
(Yearly)
-% change + 2.9% -8.9%

MARKET SITUATION
(Some data may show a slight shift)


sCHOLARSHIPS
ASIA
Indices Last Var. Var. Since the beginning of the year
points
Nikkei-225 20773.49 + 216.95 + 1.06% + 3.79%

Topix 1567.49 +16.73 + 1.08% + 4.91%

Hong Kong 27876.01 +233.16 + 0.84% ​​+ 7.86%

Taiwan 9932.26 +0.67 + 0.01% -7.27%

Seoul 2204.84 -1.36 -0.06% + 8.03%

Singapore 3183.97 +9.59 + 0.30% + 3.75%

Shanghai 2574.95 -0.63 -0.02% + 3.25%

Sydney 5864.70 -22.00 -0.37% + 3.87%

Fence in Tokyo:


Wall
STREET
Preliminary closure
:
Indices Last Var. Var. Since the beginning of the year
points
Dow Jones 25014.86 +434.90 + 1.77% + 7.23%

S & P-500 2681.05 + 41.05 + 1.55% + 6.95%

Nasdaq 7183.08 + 154.79 + 2.20% + 8.26%

Nasdaq 100 6807.91 +175.12 + 2.64% + 7.55%


Detail of the meeting on the wall
Street:
"Day ahead" - update the next
sits on Wall Street

MARKET
EUROPEAN
Futures on CAC 40 and beyond
EuroStoxx50

Values ​​to be followed in Paris and
in Europe:
Previous session
:
Indices Closing Var. Var. Since the beginning of the year
points
Eurofirst 1407.95 +5.80 + 0.41% + 5.75%
300

Eurostoxx 3161.74 +8.32 + 0.26% + 5.34%
50

CAC 40 4974.76 +46.58 + 0.95% + 5.16%

Dax 30 11181.66 -37.17 -0.33% + 5.90%

FTSE 6941.63 +107.70 + 1.58% + 3.17%

MIS 8965.71 + 25.19 + 0.28% + 6.36%

EXCHANGE
Watching the Var. Since the beginning of the year
Euro / Dlr 1,1499 1,1477 + 0.19% + 0.26%

Dlr / Yen 108.77 109.02 -0.23% -1.35%

Euro / Yen 125.06 125.15 -0.07% -0.92%

Dlr / CHF 0.9928 0.9941 -0.13% + 1.16%

Euro / CHF 1.1418 1.11412 + 0.05% + 1.46%

Stg / Dlr 1.3124 1.3116 + 0.06% + 2.88%

Index $ 95,2490 95.3400 -0.10% -0.96%


RATE
Last Var. Spread / Bund
(PTS)

Bund 10 years 0.1850 -0.0010

Bunda 2 years -0.5690 -0.0050

OAT 10 years 0.5930 -0.0020 + 40.80

Treasury 10 years 2,6810 -0,0140

Treasury 2 years 2.5100 -0.0160



OIL
(in progress Previous Var Var.% YTD
dollars)
Raw Raw 54.61 54.23 + 0.38 + 0.70% + 19.21%
USA
Brent 62.18 61.65 +0.53 + 0.86% + 14.83%



(Edited by Juliette Rouillon)
  
 
 

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