(Paris) European stocks fell on Monday, but American markets held up better, after the publication of an indicator showing a loss of steam in services in the United States, prompting investors to continue to question the momentum of growth. world.
Wall Street is mixed: Around 9:45 a.m. EST, the Dow Jones was down 0.28%, while the NASDAQ was up a bit (0.52%), as was the S
In Europe, London, supported by commodities, held up better (-0.10%), while Paris, weighed down by luxury, lost 0.96%. Frankfurt lost 0.54% and Milan 0.78%.
The Tokyo Stock Exchange (2.2%) ended at its highest level since July 1990, in the wake of the US employment report which had already pushed up Western places on Friday.
If the many job creations had been applauded by investors on Friday, the ISM service activity index, which appeared on Monday and was weaker than expected, cooled them down a bit.
“The services sector remains resilient, but weaknesses are emerging which should be more noticeable in the coming months,” said Edward Moya, analyst at Oanda.
The agenda is also sparse this week, both in terms of indicators and business news, while the officials of the American central bank (Fed) can no longer speak a week before their monetary policy meeting.
This meeting focuses the attention of investors, who are wondering if the monetary institution will maintain its key interest rates as implied in early May, which would be a first after more than a year of increases.
In the euro zone, prices remain under “strong pressure” with underlying inflation – excluding energy and food – which may not have peaked, the President of the European Central Bank (ECB) warned on Monday. ), Christine Lagarde.
In the bond market, European government rates rose for the second session in a row, while US rates were stable around 11:45 a.m. EST.
Oil hit its highest level in a month, following the summit of oil-exporting countries and their allies (OPEC) over the weekend. At the end of the meeting, Saudi Arabia decided on Sunday to make a new production cut in the hope of raising oil prices at half mast.
The increase, however, is less impressive than that of early April, when eight members of the group announced that they were making voluntary cuts in their production. “This unilateral move may suggest that the consensus among OPEC members is ‘starting to crumble,'” commented CMC Markets analyst Michael Hewson.
Around 11:30 a.m. EST, a barrel of Brent North Sea crude for August delivery was up 1.46% at $77.24. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in July, gained 1.37% to 72.73 dollars.
In addition, natural gas climbed 21.55% to 28.80 euros, but remains down 62% since the start of the year.
Apple climbed 1.81% to 184.23 dollars, its market capitalization having even reached a new all-time high around 2.850 billion dollars, as the Apple group prepares to present its first virtual reality (VR) headset. ).
Apple is expected, observers say, to unveil its first mixed reality headset – which mixes VR and augmented reality (AR) – at its annual developer conference.
The dollar remains stable. By 11:40 a.m. EST, it was up 0.01% against the euro, at $1.0706 to the euro.
Bitcoin fell 2.91% to $26,450.