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Global stock markets traded in chaos on Friday morning, still hesitating about an upward path in bond yields, and digesting a series of indicators.
On Wall Street, around 7:15 am, futures Standard & Poor’s 500 It increased by 10 points, or 0.27%, to 3,920 points. Those from Dow Jones51 points, or 0.16%, increased to 31,482 and that for Nasdaq The index rose 55 points, or 0.41%, to 13,688 points.
In Europe, the markets were mixed in the middle of the session. in London , FTSE 100 Index It was stable (-0.01%) at 6,623 points. In Paris , CAC 40 It lost 37 points, down 0.65% to 5,728 points. In Frankfurt, Dax It increased 66 points, or 0.48%, to 13,953 points.
In Asia, the Tokyo Stock Exchange closed lower for the third session in a row, following Thursday’s losses on Wall Street, and the indices and disappointing business results that affected the indices. The featured index Nikki It released 0.72% while the index widened Tobix It decreased 0.67%.
In contrast, in Hong Kong, the index Hang Seng Taking 0.16% while the stock market Shanghai It ended up 0.57% and that of Shenzhen 0.75%.
Equity markets, which are taking full advantage of the excess liquidity from central banks, fear that the acceleration of inflation will lead to a tightening of monetary policy earlier than expected which has so far been very favorable, even if the US central bank confirmed on Wednesday that it would keep rates very low. To support the economy until full employment returns.
The European Central Bank saw fit to state in January that a further rate cut could not be ruled out to support the fragile recovery, according to last month’s monetary policy report published on Thursday.
Investors also had to digest a number of corporate results and indices in the last session of the week.
In the euro zone, the decline in private sector activity slowed in February thanks to the noticeable acceleration in the manufacturing industry. In France, this activity dropped to its lowest level in three months due to the maintenance of the curfew.
Consumer prices in France still rose 0.6% in one year in January, after recession in December.
In the UK, retail sales on its part fell by 8.2% in January over the course of a month, the biggest drop since April 2020, due to new containment.
On the oil side
Around 7.15 am, it was an American barrel West Texas Intermediate It decreased 1.93% to $ 59.35 per barrel from Brent In the North Sea it fell 1.42% to $ 63.02.