Wall Street
couple Pauline Foret
Wall Street is expected to be on a cautious note on Monday, like the European stock markets which are trading with slight variations mid-session, on the eve of the American presidential election, the outcome of which looks very uncertain.
New York index futures signal Wall Street opening virtually unchanged, indicating near stability for the Dow Jones, a gain of 0.08% for the Standard & Poor’s-500 and a decline of 0.02% for the Nasdaq.
In Paris, the CAC 40 gained 0.12% to 7,418.17 points around 1:00 p.m. GMT. In Frankfurt, the Dax fell by 0.13% and in London, the FTSE 100 rose by 0.58%.
The EuroStoxx 50 index is up 0.06%, the FTSEurofirst 300 by 0.1% and the Stoxx 600 by 0.15%.
On the eve of the American presidential election, the markets are now waiting for only one thing: the outcome of a long and eventful campaign, marked by numerous twists and turns and which promises to be very close according to polls. opinion.
This vote being of capital importance for the American economy but also for global trade and geopolitics, investors can expect the coming days to be eventful, especially since it is possible that the result of the vote is not known from D-Day on November 5.
It is therefore possible that the Federal Reserve, which meets on Wednesday and Thursday, will decide on its monetary policy even though the name of the next tenant of the White House is not yet known. VALUES TO FOLLOW AT WALL STREET
Tesla sold 68,280 electric vehicles made in China in October, a drop of 5.3% year-on-year, according to data from the China Passenger Car Association released Monday. The stock fell 1.5% in pre-market trading.
Nvidia climbs 2% in pre-market trading as the chip manufacturer, which is successfully riding the development of artificial intelligence, will take the place of Intel, which is exiting the Dow Jones, from November 8. index of the New York Stock Exchange after 25 years of presence.
VALUES IN EUROPE
Burberry climbs on the London Stock Exchange following press information suggesting an interest from Italian competitor Moncler (-0.39%) to buy the British luxury group.
Schneider Electric fell by 1.9%, the bottom of the CAC 40 while the general director Peter Herweck was disembarked amid a strategic disagreement with the board of directors.
Swedish group SBB falls 27%, with analysts pointing to an article in business media Daily Dagens Industri which encourages investors to sell their stake in the heavily indebted real estate group.
RATE
Caution surrounding the US presidential election and upcoming Fed announcements is fueling appetite for US bonds, pushing yields down following the rise seen on Friday following the release of the report on American employment.
The ten-year Treasuries rate fell 8.4 basis points to 4.2787%, the two-year rate fell 4.5 basis points to 4.1578%.
In Europe, the yield on the ten-year German Bund increased by 0.3 basis points to 2.4080% and that of the two-year rose by 1.8 basis points to 2.2950%.
CHANGES
In the wake of US bond yields, the dollar is falling to a two-week low against a basket of reference currencies.
The “dollar index” thus fell by 0.65%, while the euro gained 0.71% to 1.0911 dollars.
OIL
Oil prices are rising after OPEC+ countries decided to delay their planned production increase by a month and investors are bracing for the fallout from the US presidential election.
Brent rose 2.9% to $75.22 per barrel and American light crude (West Texas Intermediate, WTI) gained 3.09% to $71.64.
(Written by Pauline Foret, edited by Blandine Hénault)
