Wall Street keeps its enthusiasm, Europe its caution

(Paris) US markets rose slightly on Friday, still supported by technology stocks as European markets fell, with no momentum ahead of central bank meetings next week.

In New York, the Dow Jones gained 0.07%, the S

Thursday, the expanded index S

“The market is going through an interesting transition,” commented LPL Financial analyst Quincy Krosby. “The mood has changed. Institutional investors, who were on the sidelines, are re-engaging. »

Conversely, in Europe, the session ends a week “where investors have tried to find the next big catalyst”, without success, summarizes Michael Hewson, analyst at CMC Markets.

Paris lost 0.12%, Frankfurt 0.24%, London 0.49% and Milan 0.41%. Over the week, only Milan is progressing.

Upcoming central bank meetings are in the sights of investors. That of the American Federal Reserve (Fed) will be held on June 13 and 14, followed by those of the European Central Bank (ECB) on Thursday and the Bank of Japan on Friday.

After ten consecutive hikes, analysts increasingly expect the powerful US monetary institution to take a break from raising its key rates in June, before another hike in July.

In other economic news, inflation in China was near zero in May as ex-factory prices continued to plunge, a sign of sluggish demand and a complicated business environment.

Debt rates for government bonds were stable in Europe, but rose slightly in the United States: the 10-year loan was trading with an interest rate of 3.76%, against 3.72% Thursday in fence.

On the stock market, Tesla continued to accelerate (5.06%), after the announcement that the manufacturer would open its network of charging stations to General Motors (2.16%) from the start of 2024. GM also plans to integrate into its models in 2025 the charging standard used by Tesla. This company has had an eleventh winning session, its best series since January 2021 and its price has doubled since the start of the year.

The news weighed, on the other hand, on the course of ChargePoint (-11.95%), operator of the first independent network of chargers in the United States.

In London, the chemical group Croda fell 12.45% after announcing on Friday that a significant drop in sales at the start of the year would weigh on its annual result.

This warning weighed on all stocks in the sector in Europe: Symrise fell by 4.30%, BASF by 1.81%, Bayer by 1.42% and Brenntag by 4.20% in Frankfurt, when Solvay lost 1.74 % in Paris.

Oil prices were flat on Friday after falling the day before, as lingering economic concerns took precedence over prospects for an OPEC production cut. Over the week, prices hardly budged despite the announcement on Sunday of cuts in production quotas decided by Saudi Arabia

The price of a barrel of Brent from the North Sea for August delivery gained 0.05% to $76.00 around 7:20 a.m. (Eastern time) and its American equivalent the West Texas Intermediate (WTI), at expiry in July fell 0.11% to $71.21.

The dollar gained 0.30% against the euro, with the European currency worth $1.0749.

Bitcoin lost 0.20% to $26,590.