Stock market: what’s happening on the markets before the opening Monday May 27

Stock market: what’s happening on the markets before the opening Monday May 27
Stock market: what’s happening on the markets before the opening Monday May 27

(AP Photo/Eugene Hoshiko)

MARKET REVIEWS. European and Asian markets were up Monday morning. The stock markets in Europe are around balance in the face of a calm agenda, with in particular the American markets which will remain closed, awaiting more information on inflation and economic activity.

Stock market indices at 7:45 a.m.

Paris advanced 0.2% at the start of the session in Europe and Frankfurt of 0.1%. London was closed for a banking holiday.

HAS new Yorkwhere markets are closed for the Memorial Day holiday, the average Dow Jones industrial stocks and the broader index S&P 500 slipped by around 0.1%.

In Asia, the Nikkei 225 added 0.7% in Tokyo. The scholarship of Shanghai climbed 0.8% and the Hang Seng rose 1.2% in Hong Kong. Sydney took 0.8% and Seoul jumped 1.2%.

On the New York Commodity Exchange, the price of oil added 31 US cents to US$78.03 per barrel.

THE dollar Canadian traded at 73.14 US cents on Friday, compared to 72.98 US cents on Thursday.

The context

Wall Street will not trade on Monday either. On Friday, it ended higher, with the technology sector once again standing out thanks to artificial intelligence (AI) which allowed the Nasdaq (+1.10%) to record a new closing record.

The session is poor in indicators. In Germany, the morale of entrepreneurs stagnated in May, after three consecutive increases according to the German economic institute IFO, illustrating the laborious recovery of activity in the largest European economy.

In detail, companies are less satisfied with their current commercial situation, but expectations have improved. These exceeded the 90 point mark for the first time in a year.

Investors continue to gauge the upcoming policy of the US Central Bank and the signals were contradictory in May.

Last week, S&P Global’s composite PMI data, measuring economic activity in the United States, was at its highest level in 25 months. However, if activity is strong, the American Central Bank has no incentive to ease financial conditions and make rate cuts.

“The theme of “higher for longer” asserted itself again last week with macro data difficult to read and cautious central bankers,” report Natixis analysts.

The most important session of the week will therefore be Friday, with the American Central Bank’s favorite inflation indicator, the PCE for April. In the first part of the session, the rate of price increases in the euro zone for May will also be revealed.

Before that, the market will scrutinize American growth in the first quarter on Thursday.

The meetings of the major central banks will resume in earnest next week with the ECB, which is expected to lower its key rates for the first time since their sharp rise between 2022 and 2023.

Alstom: debt reduction on track

Alstom launched its capital increase on Monday for a total amount of one billion euros, “the final stage of the debt reduction plan” of two billion euros announced by the company at the beginning of May in order to restore its accounts.

Important deposits in Brazil

The oil giants TotalEnergies and Petrobras have decided to launch the extension of two oil fields in Brazil, TotalEnergies announced in a press release on Monday, in “strong growth” in this Latin American country.

The production capacity will be 225,000 barrels per day per field for the second phase of development, the effective launch of which is planned “from 2029”.

Oil on the rise

The price of a barrel of oil rose slightly: a barrel of Brent from the North Sea gained 0.57% to 82.59 US dollars and that of American WTI 0.59% to 78.18 US dollars.

The euro gained 0.11% against the US dollar, to 1.0860 dollars per euro.

On the bond market, the interest rates of European states fell slightly.

Bitcoin fell 0.49% to 68,350 US dollars.

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