In the rain of results in Europe there is a rise

Mark Angran

PARIS (Reuters) – Major European stock markets are expected to grow on Thursday after a new surge of generally encouraging results, which temporarily pushed back fears over the war in Ukraine and restrictions in China, even if caution continues to raise the dollar.

Index futures contract growth of 0.49% for Dax in Frankfurt, 0.27% for FTSE 100 in London and 0.57% for EuroStoxx 50. As for CAC 40 in Paris, according to the former, it is may take about 0.3% of the available readings.

Futures on major US indexes currently suggest the opening of a “green” on Wall Street led by Nasdaq, which may take more than 1% after better-than-expected results published on Wednesday night Meta Platforms: share parent company Facebook , Instagram and Whatsapp received more than 20% on exchanges without sessions.

In Asia, Samsung Electronics reported quarterly profit growth of 51%, warning that the semiconductor shortage is likely to persist in the second half.

In Europe, the session will once again be animated with turnover and results publications, including Thales, Cap Gemini, Pernod Ricard, Unilever, Nokia and Barclays.

At the same time, investors continue to monitor developments in the energy market after the cessation of Russian gas supplies to Poland and Bulgaria, due to which on Wednesday in Europe the base price of natural gas jumped by 10%.

In China, the health situation continues to worry as Beijing authorities close several public places, continuing a massive campaign of testing to avoid large-scale imprisonment.

In addition, the first estimate of growth in the United States in the first quarter should be published, which should mean a marked slowdown in gross domestic product (GDP) or even a reduction due to a record trade deficit.

ON VOL STREET

The New York Stock Exchange closed on a separate basis on Wednesday, the S & P-500 and Dow Jones indexes benefited from solid quarterly results published by Microsoft (+ 4.81%) and Visa (+ 6.47%), reassuring investors , which are concerned about the prospect of a slowdown in the world economy and rising interest rates, while the Nasdaq ended virtually unchanged, restrained by the fall of Alphabet by 3.7%.

At the close of closing, the Dow Jones rose 0.19% to 33,301.93 points, and the Standard & Poor’s 500 rose 0.21% to 4,183.92, while the Nasdaq Composite fell 0.01% to 12,488.93.

IN ASIA

On the Tokyo Stock Exchange, the Nikkei index rose 1.49% less than an hour after closing, rising after the Bank of Japan (BoJ) announced its support for its ultra-monetary policy – adjustment without any changes, although some investors feared adjustments.

In China, the Shanghai SSE Composite rose 0.4% and the CSI 300 0.23%, thanks in part to steady growth in energy (+ 2.95%) and real estate (+1, 38%) following new promises to support the economy and employment. Prime Minister Li Keqiang.

EXCHANGES / COURSE

As before, the dollar reached the highest level in 20 years against the yen at 129.9 (+ 1.14%) after the Bank of Japan’s statements on monetary policy.

The euro continues to depreciate, fearing a marked slowdown in Europe due to the conflict in Ukraine and tensions with Russia: it is still losing 0.52% against the dollar and approaching $ 1.05, below which it has not fallen since March. 2017.

In the government bond market, US Treasury bond yields have risen since Wednesday, but spreads narrowed ahead of the Federal Reserve meeting next Tuesday and Wednesday.

OIL

Oil prices fell again after two bounce sessions, fearing falling demand in China due to health restrictions.

Brent fell 1.53% to $ 103.71 a barrel, while US West Light Intermediate (WTI) fell 1.36% to $ 100.63.

(Written by Mark Angran)