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

Global stock markets were cautiously optimistic on Tuesday, pending the release of inflation in the US and with Bitcoin breaking records.

Indications

On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 He lost 3 points to 4,116 points, that’s from Dow Jones It yielded 26 points to 33,592, and that for Nasdaq It decreased by 10 points, to 13,796.

In Europe, the markets were higher in the middle of the session. in London , FTSE 100 Index Gained 35 points to 6,835 points. In Paris , CAC 40 It took 23 points to 6177 points and in Frankfurt, Dax By 20 points, to 15,243 points.

Asian indices regained strength on Tuesday after Monday in the red, including the stock market. Tokyo Which recovered (+ 0.72%) Tuesday, erasing almost all of its losses from the previous day. Hong Kong It was on the rise (+ 0.09%) while … Shanghai It decreased 0.5%.

Context

Wall Street ended Monday’s session slightly lower.

In particular, the markets are expected to release inflation numbers in the US today and those for US retail sales on Thursday.

For Hervé Goulletquer, the strategist at LBPAM, the US CPI “will move” a capital market that has become so sensitive to the issue of inflation.

Jerome Powell, Chairman of the Federal Reserve Board, reiterates that the rise in inflation will not last long enough to undermine the Fed’s goal of keeping inflation at an average of 2%.

But “the market is wondering more,” he is not entirely convinced of the Fed’s predictions, Mr. Goulletquer said.

White House economic advisers also want to be reassured and say they expect a “modest” increase in the coming months, followed by a quick return to normal.

A rapid economic recovery at the end of the health crisis could cause prices to rise dramatically and cause bond prices to rise.

A sign of this recovery, China saw its imports rise 38.1% in March over one year, compared to March 2020, when the Chinese economy was paralyzed by the epidemic.

Bitcoin explodes

Bitcoin once again surpassed its record, which was reached in mid-March, on the eve of the New York IPO of one of the largest cryptocurrency sales platforms. Queen Piece.

At around 10:20 AM GMT (6:20 AM in Quebec), the first cryptocurrency was above the $ 62,000 mark (+ 3.69% to $ 62,204), its highest level ever.

On the oil side

Around 7:30 a.m., a barrel was West Texas Intermediate The US dollar rose 0.39% to $ 59.93 a barrel Brent From the North Sea 0.55% to 63.63 USD.