Equity is rising, geological hazards are updated
by Laetitia Volga
PARIS (Reuters) – Wall Street is expected to rise and European stocks are expected to rise slightly mid-session on Wednesday, and the risk of an escalation between the United States and China appears to be held for now, while bond yields are rising in response to the outlined design. By members of the Federal Reserve to stop inflation.
Futures point to a gain of 0.36% for the Dow, 0.44% for the S&P-500 and Nasdaq.
In Paris, the CAC 40 rose 0.38% to 6434.38 around 11:50 GMT. In Frankfurt, the Dax gained 0.21% and in London the FTSE was up 0.1%.
The FTSEurofirst 300 Pan-European Index is up 0.13%, the EuroStoxx 50 Index is 0.51%, and the Stoxx 600 Index is 0.25% higher.
US House of Representatives Speaker Nancy Pelosi has left Taiwan after a short visit during which she showed US support and solidarity with Taiwanese democracy, angering Beijing.
Although China has ordered military exercises around Taiwan, investors expect Beijing’s response to remain crystal clear, helping global stocks rally.
“Nancy Pelosi’s visit did not provoke an aggressive reaction from the Chinese authorities,” AFS analyst Arne Petimizas said.
For now, this relative relief to observers appears to prevail over the morning’s macroeconomic disappointments, fears of a possible global recession, and the statements of several Federal Reserve regional office chiefs, intent on fighting inflation.
“Most stock indices have remained strong so far in August and investors continue to cheer on a positive earnings season that has seen companies emerge resilient in an unstable economic environment,” said Pierre Ferret of ActivTrades.
“However, bull market drivers are few and far between, particularly in the medium to long term, and investors will likely need more clarity on the direction economies are headed before pushing stock prices to new highs,” the analyst added.
values in Europe
On top of the CAC 40, Axa gained 5.84% after posting a 3% net profit in the first half and Societe Generale’s gain of 3.05% after reporting a smaller-than-expected loss in the second quarter.
Veolia stock fell 2.84% after its results.
À Francfort, Commerzbank est en hausse de 1,84% mais BMW en baisse de 5,92% après leurs résultats tandis que Infineon s’adjuge 2,46% après avoir publié perspective des résultats trimestriels au-desetsus des relevéses sess business volume.
Tod’s rose 20.29%, after the founding family and major shareholder announced that it would launch a public tender offer for a portion of the shares it has not yet held in order to take the luxury group off the market.
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Yields on benchmark government bonds rose after comments deemed restrictive by Federal Reserve officials, who raised the possibility that the institution would raise interest rates dramatically to contain inflation.
That from the US 10-year gain is four basis points to 2.7829% and the German equivalent is up nine points to 0.876%.
“Fed officials clearly believe that market participants have gone too far in lowering rate hike expectations,” MUFG analysts said. “The Fed’s ‘hawkish’ comments had an immediate effect.”
the changes
In the currency market, the dollar is practically stable against a basket of reference currencies.
The euro is trading around $1.018, up 0.16%, despite the contraction in PMIs and lower eurozone retail sales.
oil
Oil prices are rising ahead of the OPEC+ announcement after a meeting in which producing countries are expected to discuss a modest supply increase of around 100,000 barrels per month. Today, according to a document seen by Reuters, while the United States hopes for a larger increase. .
Brent rose 0.43 percent to $100.97 a barrel, and United States light crude (West Texas Intermediate, West Texas Intermediate) 0.56 percent to $94.95.
(Reporting by Leticia Volga; Editing by Kate Enteringer)
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