(CercleFinance.com) – The Paris Stock Exchange is expected to open higher Tuesday morning in the wake of Wall Street and Asian markets against a backdrop of apparent lull in the coronavirus file.
Around 8:15 am, the future contract on the CAC 40 index advances by 30.5 points to 5,861.5 points, announcing an opening in positive territory.
After its sharp drop of the day before, the CSI 300 index of large caps in mainland China resumed 2.7% Tuesday. On the Tokyo Stock Exchange, the Nikkei index gained almost 0.5%.
‘Risk appetite improved slightly overnight with a recovery in equity markets, bond yields and commodity prices, driven by the support measures decided by China and probably under the effect of the better-than-expected ISM manufacturing index published in the United States yesterday, now above the 50-point mark, ‘says Danske Bank.
‘If it is likely that there will be a further short-term decline due to the cessation of activity in China, this indicator constitutes a new sign that a small recovery was underway before the start of the epidemic ‘, emphasizes the Danish bank.
These data allowed, in any case, Wall Street to consolidate its lead yesterday. The Dow Jones gained 0.5% yesterday and the Nasdaq took over 1.3%.
The markets are also reassured with the death rate considered to be rather low for coronavirus, of the order of 2%, half that of SARS in 2003.
The debacle continues on the other hand on the oil side with a barrel of light American crude which clearly sinks the support of 51 dollars, even if the WTI currently rebounds by 0.5% to 50.5 dollars.
The economic agenda promises to be scarce today, only figures for orders to industry in the United States and producer prices in the euro zone to be published.
– .
