Stock Market: What moves in the markets before Thursday’s opening

Stock markets continued to advance Thursday morning in Europe ahead of the European Central Bank meeting, while Asian indices rebounded in the aftermath of Wall Street.

Indications

On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 It’s 5 points lower, to 4,159, lower than that for Dow Jones It yielded 22 points to 33,996, and that for Nasdaq He lost 19 points to 13899 points.

In Europe, the markets were higher in the middle of the session. in London , FTSE 100 Index It took 41 points to 6,965 points. In Paris , CAC 40 He earned 50 points to 6,250 and in Frankfurt, he earned Dax It increased from 81 points to 15,263 points.

Asian indices closed higher in the wake of the rebound in US markets the previous day after two consecutive days of decline. In Tokyo, the Star Index Nikki The index rose 2.38% and in Hong Kong Hang Seng a pris 0.46%.

Context

“The ingredients are always there to continue supporting the markets. Indeed, even if a lot of good news is already anticipated, the momentum of the recovery, and the very strong support for economic policy, particularly allowing long-term interest rates to remain at very low levels, should maintain the pull toward New Horizons, ”explains Sebastian Paris Horvitz, analyst at LBPAM.

The European Central Bank meeting will release today’s news in trading rooms even if investors do not expect a significant impact: the institution must confirm its accommodative monetary policy in place. However, they will monitor the pace of asset buybacks as well as any indication of an upcoming interest rate hike.

European Central Bank President Christine Lagarde, “will notice a slight increase in market tension in the face of emerging debate in recent days about curbing debt buybacks,” notes Jochen Stanzel, an analyst at CMC Markets.

“Therefore, it is very likely that the topic will not be discussed during the press conference, especially since the number of (Covid-19) infections in the world, especially in Asia, is increasing sharply, so that they have a slight increase in Europe. They lost their momentum.”

Another major meeting, US President Joe Biden is organizing, on the occasion of Earth Day, a virtual global summit on climate, to pressure the major global polluters to “raise” their “ambitions” in the fight against global warming.

On the oil side

Around 7:30 a.m., a barrel was West Texas Intermediate The US dollar fell 0.51 percent to $ 61.04 a barrel Brent From the North Sea lost 0.58% to $ 64.94.