Stock Market: What moves in the markets before the opening on Monday

Caution has stabilized on Monday in stock markets, and has already turned to US inflation numbers to be released on Tuesday, as the quarterly corporate earnings season begins.

Indications

On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 He lost 7 points to 4,112 points, that’s from Dow Jones It yielded 53 points to 33,629, and that for Nasdaq It decreased by 45 points to 13,783 points.

In Europe, the markets were higher in the middle of the session. in London , FTSE 100 Index Gain 10 points to 6844 points. In Paris , CAC 40 He took 11 points to 6173 points and in Frankfurt he got Dax It increased by 18 points to 15,245 points.

Asian indices came under pressure from the tech sector after the Chinese authorities caused it Ali Baba A hefty € 2.3 billion fine for misuse of a dominant position. In Hong Kong, the benchmark Hang Seng It fell 0.9% and Shanghai lost 1.1%. Stock trading Tokyo It decreased 0.77%.

ActionAli Baba However, it rose sharply, around 7%, as investors hoped to turn the page after months of tension between the tech giant and the Chinese authorities.

Context

Analysts at Saxo Bank say in a note that investors “are focusing on the CPI expected on Tuesday to get a more accurate picture of inflation” in the United States.

US Central Bank President Jerome Powell has repeatedly said that monetary policy will remain appropriate until the economy fully recovers, and asserts that the inflation fueled by the recovery should only be temporary.

Fears of rising inflation due to the economic recovery pushed the 10-year US Treasury yield to its highest level since early 2020 in March.

However, the larger-than-expected rise in wholesale prices in March in the US did not disturb the US ten-year rate on Friday. It continued to relax at 1.65% on Monday morning.

The ten-year average US debt affects both commercial and real estate loans.

“Prices will be the number one theme for a while and will continue to drive the stock market and more during this earnings season,” said Stephen Innes, Axi Strategist, Strategic Analyst.

Investors fear that the rate hike may trigger a faster-than-expected monetary tightening.

“If US economic growth resumes its previous course, inflation re-emerges and the nation’s public debt increases, there will be no reason or need for lower interest rates,” wrote Thomas Hildebrandt, Evley’s director.

On the oil side

Around 7:30 a.m., a barrel was West Texas Intermediate American Company earned 1.1% to $ 59.97 per barrel Brent From the North Sea 1.21% to 63.71 USD.