(Paris) World stock markets were up sharply on Friday after the publication of the number of job creations, much higher than expected, in May in the United States, and carried by a possible support plan for the real estate sector in China.
On Wall Street around 12:10 p.m. EST, the Dow Jones gained 1.84%, the NASDAQ 0.94% and the broader S
In Europe, the Paris Stock Exchange climbed 1.87%, London gained 1.56% and Frankfurt 1.25%.
“European markets saw a much better trend today after reports that China is considering further support measures for its property market,” notes CMC Markets analyst Michael Hewson.
These measures would “improve the prospects for market support”, said Gilles Guibout, director of European equity strategy at Axa IM, as mid-week Chinese economic data reflected a recovery in the activity more laborious than expected by investors.
Global stock markets also focused on the health of the labor market in May in the United States: job creations were much more numerous than anticipated by analysts (339,000 against 195,000 expected) and the unemployment rate increased a little, but remains historically low. Wages also continued to rise, but more slowly than before.
“Overall, the signals are somewhat mixed regarding the next move from the US central bank (Fed),” said Christophe Boucher, Chief Investment Officer of ABN AMRO Investment Solutions.
“The rise in the unemployment rate proves that the economy is weakening, however, the sharp rise in wages may leave the door open for further monetary tightening” from the American institution, continues the analyst.
At the Fed’s next meeting on June 13-14, the Fed could choose to hike rates for an 11th straight time, or pause to observe the effects of previous hikes and avoid slowing the pace too much. economic activity, in order to avoid recession.
In the bond market, the interest rate on the US 10-year debt tightened and was worth 3.67% around 12 p.m. (Eastern time), against 3.59% at the close the previous day, and the German equivalent was worth 2.31% compared to 2.24% at the last close.
In Frankfurt, Adidas took 5.82% and Puma 6.35%. The Canadian sports equipment manufacturer Lulumenon, known for its high-end yoga pants, was off to a sprint after publishing, Thursday after the stock market, results that exceeded expectations and raised its annual forecasts.
Shares of German telecom giant Deutsche Telekom (-9.06%) fell after a Bloomberg dispatch reported that Amazon would like to enter the US mobile network market.
He is said to be negotiating discounted wholesale prices with operators, including Deutsche Telekom’s subsidiary, T-Mobile US. “We do not comment on speculation,” a Deutsche Telekom spokesperson responded.
Oil prices continued to rise on Friday, benefiting from investors’ risk appetite ahead of a much-anticipated OPEC meeting.
Around 12 p.m. EST, a barrel of Brent North Sea crude for August delivery was up 1.84% at $75.65. Its American equivalent, a barrel of West Texas Intermediate (WTI) for delivery in July, gained 1.82% to 71.38 dollars.
The dollar lost ground slightly after benefiting from uncertainties over US debt. Around 12 p.m. EST, it fell 0.36% against the euro, at $1.0723 to the euro, and dropped 0.47% against the pound, at $1.2466. for a pound.
Bitcoin fell 0.87% to $27,104.11.
