* The CAC 40 could take 0.1% at the opening
* Doubt still hangs over world trade and Brexit
* ZEW index on the agenda of the day
* US banks launch results season
by Laetitia Volga
PARIS, October 14 (Reuters) - Major European stock markets are expected without much
change on the opening day, and investors should remain cautious in the face of
uncertainties about trade and Brexit.
According to the first indications available, the Paris CAC 40 could win
0.12% at the opening, the Dax in Frankfurt would take 0.11% and the FTSE in London
would glean 0.08%.
The lack of clarity on the trade dossier between the United States and China should
limit the risk taking of investors.
"Apart from the promise not to raise US tariffs on 250 billion goods
October 15, and the Chinese promises to buy US agricultural products in
'mass', the rest of the 'agreement' remains very vague, "recalls Mirabaud in his morning note.
Another element of uncertainty: Brexit. Discussions will be chained throughout the week
who could determine whether the departure of the British will be orderly, whether it
will, on the contrary, be in disorder or if the divorce will be postponed again.
The session will be animated inter alia by the publication at 9:00 GMT of the ZEW index of
investor sentiment in Germany; it is expected down to -27.0 after -22.5 the month
latest.
VALUES TO FOLLOW:
Several changes of recommendation could animate the Parisian dimension with particular
the degradation of Berenberg on Publicis and Remy Cointreau, to "buy"
to conserve". HSBC switched to Bouygues but lowered its recommendation
on Vinci, to "conserve" against "buy".
A WALL STREET
The New York Stock Exchange ended a very slight decline (-0.1%) Monday against the background of resurgence of
doubts over Sino-US trade talks as investors turn around
now their attention to the quarterly earnings season, which starts this Tuesday with
several major American banks.
Citigroup, Goldman Sachs, JPMorgan and Wells Fargo must
publish their accounts for the third quarter before the opening of Wall Street.
IN ASIA
The Tokyo Stock Exchange, closed on Monday due to a holiday, climbs to a high of three
weeks in reaction to the partial trade agreement found between the United States and China
last Friday. The Nikkei index gains 1.83%, to a high since September 20th
In China, the large-cap CSI 300 loses 0.53% and the Shanghai Stock Exchange
0.61%.
China's producer prices declined in September at their fastest pace
for more than three years, highlighting the need for Beijing to take
additional support for the economy in the face of weakening demand
US commercial pressures.
RATE
On the side of government bonds, the US bond market reopened on Tuesday
of a holiday. The yield on 10-year Treasuries drops six basis points to
1.692%, erasing some of the gains made Friday on expectations of an agreement
between the United States and China.
EXCHANGE
The dollar index is almost unchanged against a basket of international currencies and the
European single currency is unchanged at 1.103 against the greenback.
OIL
Oil prices are down, the sharp decline in Chinese producer prices
adding to the uncertainties over the evolution of the US-China trade conflict.
The barrel of Brent loses 0.79% to 58.88 dollars and that of light crude American (West
Texas Intermediate, WTI) declined to $ 53.21 (-0.71%).
MAIN ECONOMIC INDICATORS AT THE AGENDA OF OCTOBER 15:
COUNTRIES GMT INDICATOR PERIOD CONSENSUS PREVIOUS
FR 6:45 Consumer Price Index September -0.4% -0.4%
- over one year + 1.1% + 1.1%
GB 08:30 Job seekers August 26,500 28,200
Unemployment rate 3.8% 3.8%
FROM 09:00 ZEW index feels. October investors -27.0 -22.5
US 12.30 Manufacturing Index "Empire State" 1.00 2.00
MARKET SITUATION
(Some data may show a slight shift)
SCHOLARSHIPS
ASIAN
Indices Last Var. Var points. % YTD
Nikkei-225 22198.29 +399.42 + 1.83% + 10.91%
Topix 1620.08 +24.81 + 1.56% + 8.43%
Hong Kong 26488.22 -33.63 -0.13% + 2.49%
Taiwan 11102.62 +35.67 + 0.32% + 3.66%
Seoul 2066.86 -0.54 -0.03% + 1.27%
Singapore 3121.46 -2.99 -0.10% + 1.72%
Shanghai 2989.48 -18.40 -0.61% + 19.87%
Sydney 6652.00 +9.40 + 0.14% + 17.81%
The fence in Tokyo:
WALL STREET
Previous Closing:
Indices Last Var. Var points. % YTD
Dow Jones 26787.36 -29.23 -0.11% + 14.83%
S & P-500 2966.15 -4.12 -0.14% + 18.32%
Nasdaq 8048.65 +37.02 + 0.46% + 21.30%
Nasdaq 100 7842.33 +38.10 + 0.49% + 23.89%
Detail of the session on Wall Street:
"The Day Ahead" - Update on the next session in Wall
Street
MARKETS
EUROPEAN
Futures on the CAC 40 and the EuroStoxx50
Values to follow in Paris and Europe:
The previous session:
Indices Closing Var. Var points. % YTD
Eurofirst 300 1529.44 -6.88 -0.45% + 14.88%
Eurostoxx 50 3556.26 -9.79 -0.27% + 18.49%
CAC 40 5643.08 -49.70 -0.87% + 19.29%
Dax 30 12486.56 +25.06 + 0.20% + 18.26%
FTSE 7213.45 -33.63 -0.46% + 7.21%
SMI 9964.24 +276.21 + 2.85% + 18.21%
EXCHANGE
Course Watch Var. % YTD
Euro / Dlr 1.1028 1.1028 + 0.00% -3.85%
Dlr / Yen 108.32 108.38 -0.06% -1.76%
Euro / Yen 119.47 119.53 -0.05% -5.35%
Dlr / CHF 0.9966 0.9970 -0.04% + 1.55%
Euro / CHF 1.0993 1.0996 -0.03% -2.32%
Stg / Dlr 1.2632 1.2606 + 0.21% -0.98%
Index $ 98.4100 98.4540 -0.04% + 2.33%
RATE
Last Var. Spread / Bund
(Pts)
Bund 10 years -0.4610 -0.0040
Bund 2 years -0.6780 +0.0190
OAT 10 years -0.1830 +0.0030 +27.80
Treasury 10 years 1,6925 -0,0610
Treasury 2 years 1,5670 -0,0470
OIL
(in dollars) Price Previous Var Var.% YTD
Light crude US 53.21 53.59 -0.38 -0.71% + 16.15%
Brent 58.88 59.35 -0.47 -0.79% + 8.73%
(Edited by)
Source link
https://fr.reuters.com/article/frEuroRpt/idFRL5N26Z4WN
