FRANCKFORT (dpa-AFX)
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ACTIONS
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GERMANY: – MODERATE GAINS – The Dax is expected to continue its recent stabilisation on Monday after the first round of the French elections. About two and a half hours before the start of the Xetra, broker IG estimated that the German flagship index was 0.7% higher at 18,365 points. In France, the national right and the bourgeois parties are vying for power in the country after the first round of the legislative elections. Marine Le Pen’s National Rally (RN), after its expected victory in the first round, hopes to obtain an absolute majority in the National Assembly and thus enter government. However, its lead is less clear than feared. President Emmanuel Macron and the left camp will try to prevent its victory by joining forces in the second round of the legislative elections on July 7. Both the Left Alliance and Macron’s party have said they will withdraw in the constituencies where they came in third in favour of candidates capable of beating the National Rally.
UNITED STATES: – PROFIT MEASURES – The American stock markets ended Friday’s session slightly down after another record run. After initial gains, the Dow Jones Industrial ended up losing 0.12% to 39,118.86 points. Over a week, this represents a drop of a similar order of magnitude. The monthly report shows a gain of just over one percent, and since the start of the year, the stock market barometer has increased by almost 4 percent. The S&P 500 index fell 0.41% to 5,460.48 points on Friday. Previously, it had reached a record. JPMorgan expert Marko Kolanovic was very pessimistic about this index. He expects a drop of a good fifth by the end of the year. The reason is a stronger headwind from a weakening economy and lower earnings expectations.
ASIA: – LITTLE MOVEMENT UNDER THE MAGNIFIER – Investors on the main Asian stock markets showed restraint on Monday. In Tokyo, the flagship Japanese index Nikkei 225 moved shortly before the end of the session, after having previously progressed. The CSI 300 index, which brings together the main stocks on Chinese mainland stock markets, was up 0.1% at the end of the session. Chinese manufacturing industry leaders remain cautious about the market situation. The sector’s Purchasing Managers’ Index (PMI) stood at 49.5 points in June. For the second consecutive month, the leading indicator did not cross the 50 point mark, the threshold from which statisticians consider that industrial activity expands. Analysts expected a similar figure. There were no trades in China’s Hong Kong Special Administrative Region due to a public holiday.
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DAX 18235,45 0,14%
XDAX 18260.43 0.12%
EuroSTOXX 50 4894,02 -0,18%
Stoxx50 4491,43 -0,17%
DJIA 39118,86 -0,12%
S&P 500 5460,48 -0,41%
NASDAQ 100 19682,87 -0,54%
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BONDS / CURRENCIES / CRUDE OIL
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PROFITABILITIES:
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Bund Futures 131.11 -0.31%.
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HAD TO:
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Euro/USD 1,0755 0,39%
USD/Yen 161,06 0,11%
Euro/Yen 173,23 0,49%
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CRUDE OIL :
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Brent 85,39 0,41 USD
WTI 81,96 0,42 USD
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/mis
