Stock market: what moves in the markets before the opening on Thursday

(Image: 123RF)

MARKET REVIEW. Geopolitical uncertainties around Ukraine dictated the market trend on Thursday, with investors following live the evolution of the situation according to statements by various stakeholders.

In Europe, the Paris Stock Exchange struggled thanks to the results of well -done companies, Frankfurt remained stable while London and Milan continued their decline from the previous day.

On Wall Street, futures on major indices indicate further decline before tomorrow.

Stock indices at 7:49 am

In the United States, futures contracts Dow Jones retreated 92.00 points (-0.26%) to 34,759.00 points. Futures contracts S & P500 yielded 14.75 points (-0.33%) to 4,455.25 points. Futures contracts Nasdaq decreased by 66.00 points (-0.45%) to 14,534.00 points.

In Europe, the results are mixed. In London, the FTSE 100 fell 38.45 points (-0.51%) to 7,565.33 points. In Paris, the CAC 40 increased by 21.00 points (+0.30%) to 6,985.98 points. In Frankfurt, the DAX rose 6.89 points (+0.04%) to 15,377.19 points.

In Asia, the Nikkei of Tokyo dropped 227.53 points (-0.83%) to 27,232.87 points. For his part, the hang Seng said Hong Kong scored 73.87 points (+0.30%) to 24,792.77 points.

On the oil side, the price per barrel of WTI American fell US $ 1.89 (-2.02%) to US $ 91.77. The barrel of North Sea Brent dropped US $ 1.80 (-1.90%) to US $ 93.01.

The context

“Markets are not decided because of the uncertainty caused by the crisis in Ukraine,” summarized Franklin Pichard, director of Kiplink Finance.

The Ukrainian army and pro-Russian separatists accused each other on Thursday of bombing and aggravating eastern Ukraine, which has been in fierce conflict since 2014, amid a crisis between Moscow and the West.

The Kremlin has also announced that the return to their barracks of troops engaged in maneuvers outside Ukraine will be delayed, as the West accuses Moscow of maintaining or strengthening its military presence there.

President Vladimir Putin spoke on Tuesday about a “partial withdrawal”, without detailing its extent or its timetable, a glimmer of hope that then reassured markets.

New tensions encouraged investors on Thursday to favor safe havens like gold or government bonds, a reflex that shows partial risk aversion.

An ounce of gold gained 0.80% and traded at 1,884.76 US dollars, after climbing to US $ 1,893.33 an ounce, its highest since June.

With inflation, a major topic that has plagued markets for months, the American Central Bank’s monetary policy committee report came as no surprise on Wednesday, proving that the Fed could raise its key rates at a faster pace. than the previous economic recovery (after 2015), to fight inflation.

Although it is widely accepted that rates will be raised in March, investors remain divided on the extent of the increase, 50 or 25 basis points.

Investors will be attentive to the speeches of several Fed central bankers during the day.

The action Dry (KER.PA) arrogated 6.70% to 675 euros around 6:30 am Quebec time, after the luxury group announced “excellent performance in 2021”, with sales of 17.6 billion euros. euros and net income of 3.2 billion euros, which exceeded the results before the pandemic.

German energy company RWE (RWE.DE, +5.45%) led the DAX, after raising its forecast for fiscal 2022 around 6:20 am Quebec time.

The second largest bank of Germany Commerzbank (CBK.DE), in the process of laying off thousands of employees amid the digital shift, announced on Thursday the return to net income for 2021 and aims to pay the dividend again next year. The title climbed 5.46% to 9.05 euros, on MDax.

The British hygiene and health products group Reckitt Benckiser (RKT.L) rose 5.13% to 6,107 pence after reporting better-than-expected annual results, specifically driven by a 17.5% increase in the healthcare sector in the last quarter of 2021.

Oil prices dropped on Thursday, with the market rotating between gains and losses this week, influenced by conflicting reports about the crisis in Ukraine and the possible conclusion of an Iranian nuclear deal.

The euro stabilized (-0.04%) against the greenback, at US $ 1.1370.

the bitcoin lost 2.16% to US $ 43,152.

Leave a Comment