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Stock Market: What moves in the markets before Wednesday's opening

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

(Image: Getty Images)

European stock markets bounced back on Wednesday, advancing slightly the day after a session in which they all recorded losses while Asia remained in the red.

Indications

On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 3 points rose to 4,129 points Dow Jones It gained 33 points to 33.736 points, and those from Nasdaq He lost 12 points to 13,782 points.

In Europe, the markets were higher in the middle of the session. in London , FTSE 100 Index It took 77 points to 6,965 points. In Paris , CAC 40 He got 48 points to 6,208 points and in Frankfurt he got Dax An estimate of 37 points to 15172 points.

However, Asian markets continued to decline, fearing a resurgence of the epidemic in Japan and India. Tokyo Decreased 2.03%, Hong Kong 1.76% while Shanghai He ended up getting settled.

In Japan, the Osaka Ministry on Tuesday asked the central government to declare a state of emergency in its territory to try to stop the escalation of COVID-19, and other departments including Tokyo are considering the same measure.

Context

Wall Street ended Tuesday lower for a second straight session.

“Tensions on global supply chains remain high, and the risks of supply disruptions are exacerbating as the epidemic develops in Asia, and especially in India,” said Christian Paraiso and Jean-Louis Morier, analysts at Aurel BGC.

This concern at the moment does not appear to be gaining Europe which makes up for the previous day’s headline sales.

“There is no global consensus on the cause of the recent decline, but given the recent gains, the markets should have undergone some kind of correction sooner or later, and profit taking might be a good reason as is,” Michael says. Else. ”Hewson, Senior Analyst at CMC Markets UK.

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“There is also a disturbing suspicion that the economic recovery, currently embedded in the markets, appears likely to face some hurdles, and this appears to have exacerbated the impulse to take profits from some of the risky operations,” he continues.

UK inflation rebounded in March to 0.7% year-on-year, compared to 0.4% in February, mainly due to fuel and clothing prices.

The European Central Bank meeting will also be the focus of attention on Thursday.

In the sovereign bond market, yields have stabilized and the US 10-year interest rate is 1.58%.

On the oil side

Around 7:30 a.m., a barrel was West Texas Intermediate The US dollar fell 1.5 percent to $ 61.73 a barrel Brent From the North Sea it lost 1.37% to $ 65.67.