A Wall Street sign is photographed in front of the New York Stock Exchange
couple Pauline Foret
Wall Street is expected to be in disarray while European stock markets hesitate mid-session, investors on both sides of the Atlantic digesting the latest data on American inflation while a partial closure of American institutions, or “shutdown” , was narrowly avoided on Friday. Futures on New York indices signal a scattered opening on Wall Street, indicating a drop of 0.21% for the Dow Jones, stability for the Standard & Poor's-500 and an increase of 0.28% for the Nasdaq. In Paris, the CAC 40 rose 0.15% to 7,268.92 points around 12:20 GMT. In Frankfurt, the Dax fell by 0.03% and in London, the FTSE 100 rose by 0.25%.
The EuroStoxx 50 index is down 0.07%, the FTSEurofirst 300 is up 0.39% and the Stoxx 600 is up 0.34%.
In the early hours of Saturday morning, Congress approved a proposed budget for the coming year, narrowly avoiding a shutdown that would have paralyzed many sectors, from law enforcement to national parks.
This turnaround in the situation reassured investors in the United States and Europe, while the latest data on American inflation had already relieved tensions during Friday's session.
Trading is nevertheless expected to be calm at the start of a week shortened by the holidays, although the last days of the year have historically been particularly favorable for the Dow Jones, a period that analysts nickname the “Santa Claus rally”.
In Europe, the main indices are struggling to turn green despite an increase in the pharmaceutical sector which climbs 1.4%, driven by Novo Nordisk while the fall of the Swedish online gaming group Evolution weighs heavily on the travel and entertainment sector. hobbies.
On the macroeconomic side, investors are also digesting Christine Lagarde's comments published this Monday by the Financial Times, in which she indicates that the euro zone was “very close” to the inflation objective of 2% and is opposed to retaliation in the event of imposition of customs duties by future US President Donald Trump. VALUES TO FOLLOW AT WALL STREET
Rumble announced Friday that it had received $775 million in funding from Tether, sending the stock up 39.5% before the bell.
VALUES IN EUROPE In Europe, Novo Nordisk climbed 9.06% after collapsing at the end of last week following disappointing clinical results for CagriSema, its new drug against obesity.
Evolution lost 9.97%, falling to last place on the Stoxx 600 after the British Gambling Commission launched an audit of its operating license.
In Paris, VusionGroup took off 15.73% after announcing the signing of an agreement with Walmart in the United States.
RATES Long-term bond yields are rising this Monday, with the latest data on US inflation having revived bets on potential rate cuts by the Federal Reserve in 2025.
The ten-year Treasuries yield gained 1.2 basis points to 4.5363%, the two-year treasuries gained 1.1 basis points to 4.3230%.
The ten-year German Bund yield rose 1.5 basis points to 2.3010%.
CHANGES
On the foreign exchange market, the euro fell on Monday as the latest speculation around the monetary policies of the main central banks propelled the dollar to new heights.
The dollar gained 0.55% against a basket of reference currencies.
The euro, consequently, lost 0.40% to 1.0387 dollars.
OIL
Oil prices continued to decline on Monday after the latest US inflation figures reassured investors of the possibility of a supply overhang in 2025.
Brent lost 0.38% to $72.66 per barrel and American light crude (West Texas Intermediate, WTI) fell 0.35% to $69.22.
(Written by Pauline Foret, edited by Augustin Turpin)
