(Image: Getty Images)
European stock markets kicked off the week in a conquering mood, still confident of a strong recovery in economic activity.
On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 Earned 20 points to reach 4,194 points Dow Jones Advance 203 points to 33972, and that for Nasdaq It took 30 points to 13,880 points.
In Europe, the markets were mostly higher in the middle of the session. In Paris , CAC 40 It increased by 28 points to 6,296 points. Just Dax It increased from 92 points to 15,224 points. The London Stock Exchange is closed due to a public holiday.
In Asia, stock markets in Japan and China were also closed on Monday. Hong Kong Meanwhile, it fell 1.28%, weighed by inflation concerns.
According to Sebastian Paris-Horvitz, an analyst at LDPAM, “very favorable earnings trends, driven by economic recovery of unprecedented strength, are underpinned by economic policies aimed at maximizing growth dynamics”. .
Investors are expecting that the economy’s support policies will not stop anytime soon, such as the Federal Reserve, which is not even giving any indication of when it may start cutting its monetary support.
In Europe, countries have been submitting their recovery plans to the European Commission since last week, in order to benefit from European funds earmarked for economic recovery, such as Spain, which intends to receive a total of 140 billion euros.
In France, activity in the manufacturing sector continued to grow strongly in April, despite a slight slowdown in growth.
These hopes for an economic recovery are pushing markets to heights not seen in years, even to historic record levels.
In terms of health, the situation contrasts with Brazil and India – where nearly 400,000 new infections were recorded within 24 hours – the two countries currently most affected by the COVID-19 pandemic, while France and Portugal are breaking up and those 100 million. Americans are fully vaccinated against the virus.
Investors will learn about the ISM manufacturing activity index in the US on Monday, and the final figures for the PMI manufacturing index for the euro area and Germany.
Fed Chairman Jerome Powell will give a speech at the end of the day.
On the commercial side, US luxury group Estée Lauder will publish its findings prior to the opening of the New York Stock Exchange, and will open a lawsuit filed by Epic Games against Apple for misuse of the dominant position on Monday.
On the oil side
Around 7.15 am, it was a barrel West Texas Intermediate The US dollar rose 0.03% to $ 63.60 a barrel Brent From the North Sea it lost 0.24% to $ 66.60 USD.
“Music guru. Incurable web practitioner. Thinker. Lifelong zombie junkie. Tv buff. Typical organizer. Evil beer scholar.”