OF Morning Report : Orishas-finance

Version Française

OF Morning Report

29/07/2024

Source : ORISHAS-FINANCE

Categories: General Information

imprimer

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Les marchés d' actions européens sont attendus en hausse, driven by Wall Street. The EuroStoxx 50 opens at 4,862.50 points (+0.00%), the CAC 40 at 7,517.68 points (+1.22%), the DAX 40 at 18,417.55 points (+1.22%), the DAX 40 at 18,417.55 points (+0.65%), the FTSE 100 at 8,285.71 points (+1.21%), the SMI at 12,245.71 points (+1.21%), the SMI at 12,245.71 points (+1.21%) 1.49 points (+ 1.12%), the AEX at 906.64 points (+ 0.90%), the BEL 20 at 4,088.20 points (+ 0.44%), the IBEX 35 at 11,165.90 points (+ 0.18%), the DJIA at 40,589.34 points (+ 1.64%), the Nasdaq at 17,357.88 points (+1.03%), the S&P 500 at 5,459.10 points (+1.11%), and the Nikkei 225 at 38,587.27 points (+2.44%

As for exchange rates, the change from the close indicates that in New York, the EUR/USD is at 1.0860 (+0.02%), the EUR/JPY at 166.59 (-0.21%), and the USD/JPY at 153.41 (-0.23%), the EUR/JPY is at 166.59 (-0.21%), and the USD/JPY at 153.41 (-0.23%).

Due to the slow recovery in the occupancy rate of its establishments in France, the operator of retirement homes and clinics Emeis, ex-Orpea, on Friday lowered its profitability prospects for 2024. Imerys reports its results for the first half of the year on Monday.

At the start of a week that will be marked by monetary policy decisions by the American Federal Reserve (Fed), the Bank of England and the Bank of Japan, European equity markets are expected to open higher on Monday. At around 7:20am, the CAC 40 futures contract took 33.1 points, or 0.4%, according to data from the broker IG. The one on the DAX 40 went up by 77.4 points, or 0.4% as well, and the one on the FTSE 100 gained 26 points, or 0.3%.
Supported by good corporate results and the confirmation of a slowdown in inflation in the United States, the New York Stock Exchange ended up sharply on Friday. The Nasdaq index picked up steam after the correction suffered during previous sessions as part of a vast rotation movement at the expense of big names in the technology sector. Over the week, however, the index dropped 2.3% while the Dow Jones rose just under

1%.

Les résultats de quatre des plus grandes entreprises technologiques tels que Amazon.com , Apple, Meta Platforms, and Microsoft are also expected this week and could influence the direction of exchanges. Asian stock markets rose on Monday morning. The Nikkei 225 index on the Tokyo Stock Exchange gained 2.4% at the end of the session, the Hang Seng in Hong Kong gained 1.8% and the Shanghai Composite gained 0.04%

The Fed can still prepare the ground at the July meeting and make its first [rate] cut in September.” Around 7:20 a.m., the 10-year US Treasury bond rate fell 2 basis points to 4.181%. That of the two-year stock lost 1 basis point, to 4.373%.

Like the greenback, the euro is stable against the dollar this morning, but is losing ground against the yen. The fall in bond market rates in the United States is weighing on the dollar. According to Maybank analysts, the market is increasingly expecting an interest rate cut by the Fed in September. The core PCE price index, released on Friday, highlighted moderate inflation in June.

In a context of tensions in the Middle East that could lead to supply disruptions, oil prices are rising this morning. According to George Khoury, global head of education and research at CFI, the geopolitical situation could continue to affect the market. The September North Sea Brent contract gained 36 cents to $81.49 per barrel. While the one with the same maturity on light sweet crude (WTI) listed on Nymex took 28 cents, at 77.44 dollars per barrel, around 7:20am. However, the weakness of the Chinese economy is raising concerns about energy demand. According to Michael Lynch, of Strategic Energy & Economic Research, “without China and in the absence of expectations of stronger demand in other countries, the balance is likely to deteriorate in the coming months

.”

Provided by AWS Translate