(New York) Western stock markets ended in the green on Monday, during a session without major indicators, which benefited from a return of appetite for assets considered riskier, in New York.
Paris closed up 0.52%, the Frankfurt Stock Exchange gained 0.39% and London advanced 0.25%.
On Wall Street, the Dow Jones gained 0.25%, the NASDAQ index gained 1.14% and the broader S&P 500 index gained 0.67%.
The indices experienced a session on Monday whose macroeconomic agenda was without any major economic meeting, showing themselves to be rather wait-and-see before a burst of publications later in the week.
In New York, the session was put on the right track by a note from Morgan Stanley on Tesla.
The bank’s analysts estimate that the Dojo supercomputer, developed by the manufacturer to improve its autonomous driving software, could add more than $500 billion to the company’s value, and have raised their price target by 60% .
Tesla CEO Elon Musk announced in June that the firm planned to invest $1 billion in the project by next year.
The manufacturer’s action, whose value has already doubled since the start of the year, gained 10.09% on Monday.
More generally, “it was a good day for risk and investors went to dip into the most speculative corners of the market,” according to Jack Ablin of Cresset Capital. They are partly driven by the prospect of a few good deals.
Alibaba down in New York
The Chinese e-commerce giant Alibaba dropped 1.49% in New York after announcing that its former CEO Daniel Zhang, who was preparing to take charge of a subsidiary on Monday, will finally leave the group.
RTX falls
RTX (formerly Raytheon) was among a few stocks to finish significantly in the red (-7.88%) after reporting an exceptional charge of $3 billion in the third quarter linked to an engine component defect of its subsidiary Pratt & Whitney, which will require the inspection of 600 to 700 additional examples by 2026.
BMW electrifies the Mini
The German car manufacturer BMW (+0.95%) has announced an investment of more than 600 million pounds (700 million euros) in the electrification of Minis in the United Kingdom and is aiming for 100% electric manufacturing in its factory. of Oxford from 2030.
Gas on the rise
The price of European natural gas was rising, driven by disruptions in the supply of liquefied natural gas from Australia due to a strike.
The Dutch TTF futures contract, considered the European benchmark, rose 5.48% to 36.40 euros per megawatt hour (MWh).
On the oil side, the price of a barrel of Brent from the North Sea for delivery in November closed almost in balance (-0.01%), at $90.64.
The price of a barrel of American West Texas Intermediate (WTI), due in October, lost 0.25%, to $87.29.
On the foreign exchange market, the euro gained 0.42% against the greenback, to 1.0746 dollars per euro and the pound gained 0.40%, to 1.2518 dollars per pound.