(New York) Western stock markets ended in the green for the most part on Monday, fueled by new indicators which give hope for an end to the monetary tightening cycle, pending decisions from central banks and a new burst of results
In New York, the Dow Jones rose 0.52%, its eleventh straight positive session, while the broader NASDAQ index gained 0.19% and the broader S&P 500 index gained 0.40%.
On the Old Continent, stock markets closed near balance, with Paris dropping 0.07%, while Frankfurt posted a slight gain of 0.08% and London gained 0.19%.
The American PMI index on industry came out better than expected in July, although in contraction, a positive signal for investors on the growth of the United States, which is slowing down but in a moderate way.
This publication allowed the European indices, which spent most of the session in the red, to recover.
Earlier in the day, PMI indicators in the eurozone, on the other hand, painted a less positive picture on the region’s growth, dragging government borrowing rates on the bond market down.
“It will be interesting to see how the PMIs will impact the comments of the ECB (European Central Bank)”, comments Nicolas Budin, head of equity management in Europe at Myria AM.
This slowdown in activity is fueling investor speculation around the evolution of the monetary policy of the ECB, which meets on Thursday.
The rate hikes made over the past year are going increasingly badly with certain fragile European economies.
In addition, investors are awaiting the results of companies, many in Europe and the United States throughout the week, in particular Microsoft and Alphabet on Tuesday.
Mattel sees life in pink Barbie
Mattel (+1.84%) celebrated the film’s whirlwind start Barbie, which grossed $155 million in North America in its first weekend in theaters. Worldwide, revenues have already reached $337 million, according to the specialist site Box Office Mojo.
Ocado and Vodafone on the podium in London
British online food retailer Ocado soared 14.26% in London after announcing the settlement of a legal dispute with Norwegian warehouse robotics specialist AutoStore.
The British telephony group Vodafone meanwhile gained 4.08% after announcing on Monday a turnover down nearly 5% to 10.7 billion euros for its staggered first quarter, however defending the progress of its transformation plan.
The aerial loose ballast
The world number one in tourism TUI fell by 3.53% in Frankfurt after announcing on Sunday the suspension of all its passenger flights to the Greek island of Rhodes, where a forest fire has been raging for six days, a decision also taken by the British low-cost company Jet2 (-4.10% in London). Also listed in London, EasyJet dropped 4.43%.
In Paris, ADP fell by 1.17%, Air France by 1%. In Frankfurt, Lufthansa lost 0.32%.
Roche partners with Alnylam
The Swiss pharmaceutical giant Roche fell 0.40% in Zurich after announcing on Monday a partnership with the American Alnylam on a treatment against hypertension which allows it to strengthen in the technology of interfering RNA.
Oil and bitcoin on the rise
Oil prices continued their rise on Monday, which began about a month ago, boosted by the prospect of permanently lower supply than demand, accentuated by the shutdown of a refinery in Louisiana.
The price of a barrel of Brent North Sea oil for September delivery rose 2.05% to close at $82.74.
As for the barrel of American West Texas Intermediate (WTI) of the same maturity, it gained 2.16%, to 78.74 dollars. In session, the WTI reached 79.28 dollars, not far from the symbolic threshold of 80 dollars, which it has not crossed since mid-April.
Bitcoin dropped 3.29% to $29,128.