Paris gains 1.03%, Frankfurt advances by 0.89% and London advances by 0.53%. In Zurich, the SMI rises by 1.20%.
World stock markets are generally rising on Monday, in a market still attentive to political developments in Europe and the United States, before American inflation data and some speeches from European central bankers.
On the Old Continent, the Paris Stock Exchange rose 1.03%, Frankfurt advanced 0.89% and London gained 0.53%. In Zurich, the SMI advanced by 1.20%.
On Wall Street around 4:05 p.m. GMT, the S&P 500 gained 0.27%, the Dow Jones advanced 0.91%, while the Nasdaq fell 0.30%.
“It will be another week very marked by politics in Europe but also in the United States,” comments Alexandre Baradez, chief analyst of IG France.
All eyes are still on the first round of the French legislative elections on Sunday, but investors will also be watching closely the debate ahead of the legislative elections in the United Kingdom, as well as that between the two main candidates in the American presidential election on Thursday.
Furthermore, “there will be some statements from members of the European Central Bank this week, but we do not expect this to change the point of view on the European macroeconomy”.
“On the American side, there will be inflation figures for the month of May at the end of the week with the publication of the PCE index”, particularly watched by the American central bank, detailed Alexandre Baradez.
In April, the PCE index remained stable at 2.7% over one year, while the core index (excluding energy and food) stood at 2.8% over one year. A consensus of analysts polled by Bloomberg expects both measures to come out in May at 2.6% year-on-year.
On the bond market, the French 10-year rate, the benchmark maturity, fell slightly to 3.18% compared to 3.21% at the close on Friday.
Meta shows up
On the New York stock exchange, Meta progressed (+1.45%), the day after the publication of information from the Wall Street Journal, according to which the Menlo Park (California) group discussed with Apple (+0.75% ) of the possibility of giving it access to its own generative AI system to equip its devices.
Covestro soon to be acquired
The German plastics and chemicals manufacturer Covestro jumped 5.11% in Frankfurt after announcing it was “entering into concrete negotiations” on its takeover by the Emirati national oil company Adnoc, on the basis of an offer valuing the group at almost 12 billion euros.
“The board of directors of Covestro decided today, after consulting the supervisory board, to enter into concrete negotiations with Adnoc” with the “starting point of discussions on a possible offer of 62 euros per share,” he said. he indicated in a press release.
This offer would value Covestro at 11.72 billion euros, according to an AFP calculation.
Prudential flies to London
Prudential gained 7.32% in London after announcing the launch of a $2 billion share buyback.
Oil on the rise
Oil prices rose on Monday, driven both by speculative positioning by investors who bet on a drop in crude stocks during the summer and by geopolitical risk, particularly in the Middle East.
The barrel of Brent from the North Sea gained 0.82% and was worth 85.94 dollars and the barrel of American WTI gained 1.01% to 81.54 dollars.
The euro gained 0.32% against the dollar, to 1.0727 dollars per euro.
Bitcoin continued its slide, reaching its lowest level in a month and a half, falling 4.57% to $60,791.
