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World stock markets: August gets off to a quiet start

02/08/2022
Categories: Index/Markets

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The global stock market calmed down at the beginning of August and is taking a break after strong increases in July and the release of lackluster economic indicators.

European places oscillated around balance throughout the session. Paris finally fell by 0.18%, London by 0.13%, and Frankfurt by 0.03%. In contrast, the Milan stock exchange reached 0.11% and the interest rate on Italy's 10-year debt fell by 12.5 basis points around 15:50 GMT, a sign of easing concerns about the country's political situation. Wall Street oscillated between green and red to end in a small fall: the Dow Jones fell 0.14%, the Nasdaq 0.18%, and the S&P 500 0.28%.

China underwent the same evolution last month, raising concerns about Chinese demand on the commodity market. An Opep+ alliance meeting on Wednesday and concerns about the level of hydrocarbon production were also undermining oil prices. These definitely let loose on Monday. The American West Texas Intermediate (WTI) barrel for delivery in September, which lost up to more than 5% during the session, closed by 4.70% to 93.89 dollars. The North Sea barrel of Brent, which is on the first day of trading, and which fell below the symbolic $100 mark during the session, fell 3.78% to finish at $100.03.

Shortly before 21:00 GMT, the euro rose from 0.36% to 1.0257 dollars. Bitcoin fell 3.44 percent to $22,988.

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