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Stock Market: What moves in the markets before the opening Tuesday

Stock Market: What moves in the markets before the opening Tuesday

(Photo: Canadian Press)

Stock markets are hesitant on Tuesday, hesitating to take risks on the eve of the US Federal Reserve’s decision and absorbing a round of quarterly releases.

Indications

On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 5 points rose to 4,184 points Dow Jones He took 21 points to 33,899 points, and those from Nasdaq Earn 19 points to 14,032 points.

In Europe, the markets were lower in the middle of the session. in London , FTSE 100 Index He scored 13 points to 6,954 points. In Paris , CAC 40 It decreased by 3 points, to 6,264 points, and in Frankfurt it decreased Dax He lost 45 points to 15,243 points.

Caution was also required in Asia. In Tokyo, the Star Index Nikki It fell 0.46% before entering the crucial stage of the results season. Hong Kong It decreased by 0.1% and Shanghai He ended up getting settled.

Context

The day before, Wall Street had finished in choppy order ahead of the highly-anticipated results release TeslaThe Nasdaq and S&P 500 indexes hit new records, while the Dow Jones index closed slightly lower.

The Bank of Japan left its monetary policy unchanged on Tuesday, but raised its growth forecast for the fiscal year ending March 31, 2021, as it did in the next two fiscal years.

The US central bank, for its part, should adopt a wait-and-see stance at the end of its monetary meeting on Wednesday, believing that it is premature to change course even if a recovery is coming.

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On the health front, international aid began Tuesday morning to reach India, which is facing a critical situation, while the United States announced that it will provide other countries with 60 million doses of the vaccine from AstraZeneca.

But investors are currently focusing on corporate results streaming on both sides of the Atlantic, as well Schneider Electric And the Michelin In Paris, BP And the HSBC In London or Novartis And the ups in Switzerland.

After Tesla on Monday evening, it will be the turn of US tech giants Alphabet and Microsoft to reveal their accounts on Tuesday.

The European Parliament is also expected to approve the trade pact between the European Union and the United Kingdom on Tuesday, the latest step in the brutal “Brexit”. France has threatened the UK with “retaliatory measures” on financial services if fisheries provisions are not implemented.

On the oil side

Around 7.15 am, it was a barrel West Texas Intermediate The dollar rose 0.71 percent to $ 62.35 a barrel Brent North Sea accounted for 0.52% to $ 65.99.