(CercleFinance.com) – The Paris Bourse suddenly rises in altitude (+ 1.3% to 4,975) while Wall Street, initially down (except the Dow Jones) is vigorously taken over by buyers, like this Often occurs on the eve of a half-yearly or annual calendar deadline (balance sheet coverings).
There is no doubt that there is a desire to bring the CAC40 to the level of the symbolic objective of 5,000Pts while the Dow Jones is close to 25,500 and the Nasdaq-100 is approaching 10,000 (to within 1% to 9,900)
The Dow Jones jumped + 1.6% (thanks to the highly sought-after Boeing title on Monday with the announcement of the first flight tests with a view to certifying the Boeing 737-Max), the S & P500 climbed + 1% (without particular news this Monday) and the Nasdaq in turn stands out from the red (+ 0.5%).
The Euro-Stoxx50 is also recovering by + 1% to 3.335Pts while rumors point to a softening of the Austrian positions on the ‘pooled’ European support plan of 750MdsE.
But this ‘circumstance’ start (eve of June 30) could prove to be modest and fragile as investors continue to be alarmed by the surge in new cases of Covid-19 in the United States.
According to indicators from Johns Hopkins University, the coronavirus is starting to rise again in about 30 American states, with situations considered particularly worrying in Florida and Arizona.
The 2.5 million mark of contamination has now been crossed on the other side of the Atlantic, making the United States the most affected country in the world ahead of Brazil and its 1.3 million confirmed cases.
‘With the gradual lifting of containment, economic agents are moving again, they are consuming more, the job market is showing signs of improvement, underline the Oddo BHF teams. On the flip side, the circulation of the virus tends to accelerate. ‘
“This does not necessarily jeopardize the economic recovery but suggests that the return to normal is a phenomenon that will require at least many months,” said Oddo.
In terms of figures, this week promises to be busy, with in particular the highly anticipated publication of the latest employment report in the United States, for which the consensus expects three million job creations for an unemployment rate down to 12.3 % in May.
Economists note, however, that the data is surrounded by a much wider margin of imprecision than usual due to less participation in surveys by the Bureau of Labor Statistics (BLS) due to the epidemic.
On FOREX, the Dollar fell by 0.3% to 1.1245 / E, gold rose symmetrically by + 0.7% to $ 1.777 (which confirms a very classic pattern).
In value news, Renault remains at the top of the CAC with + 5.8%, ahead of Crédit Agricole with + 4.8%, then Airbus with + 4.5% (the group nevertheless announces a drop in production of 40 % in 2020 and 2021).
Danone (-2.5%) announces that at its general meeting, which was held in camera on Friday, given the current health context, its shareholders largely approved the adoption by the agrifood group of company status in mission.
Assystem (+ 0.2%) indicates that its combined general meeting on Friday approved all of the resolutions submitted, including a dividend of one euro per share for 2019. Payment is set for July 10 and coupon detachment will take place on July 8.
CBo Territoria announces that at the end of the option period, from June 10 to 24, 68% of the rights have been exercised in favor of a dividend payment in shares for 2019, enabling it to strengthen its funds own funds for 5.3 million euros.
– .
