CAC 40 spent half the week in the red
AMERICAN MARKETS MID DAY
Markets in the Americas are mostly mixed at Mid-Day. In Wall Street, the three main indexes are all red. After disappointing US retail sales, housing data were released for July. Building permits are up and beat analysts’ expectations. Meanwhile, housing starts retreated by 7% compared to previous figure, slightly below forecasts. Oil inventories are lower, according to EIA and API. NASDAQ 100 and S&P 500 decline by 0.18% and 0.19% at Mid-Day. Investors are waiting for FOMC meeting minutes. Fed’s Bullard (Saint Louis) wishes for rate hike and lower tapering for 2022. Yesterday, Jerome Powell highlighted digital currency was becoming “more and more important”. Regarding the battle against covid-19, the US will offer booster shots, starting on September 2021.
| AMERICAN MARKETS | ||
| NASDAQ 100 | 14 311.83 | 2.19% |
| DOW JONES | 34 393.18 | 0.68% |
| S&P 500 | 4 384.98 | 1.35% |
| RUSSELL 2000 | 1 929.32 | -0.10% |
| S&P/TSX | 20 608.17 | 0.31% |
| S&P MERVAL | 87 713.69 | 2.03% |
| IBRX BRAZIL | 47 798.87 | -0.65% |
| IPC MEXICO | 50 495.68 | 0.06% |
EUROPEAN MARKETS CLOSING
The overall performance of European markets is divided today. CAC 40 is down 1.83% since last Friday, finishing in the red for the 3rd time a row at 6,770.11 points. Luxury sector deeply decreases today. Heavyweight LVMH, Hermès, Kering and L’Oréal lay at the bottom of the index and respectively dive by 5.16%, 3.76%, 3.55% and 1.72% today. On the other hand, Engie, Veolia and Vinci top the index. German DAX climb by 0.28% and is a few points away from its all-time high. German automakers don’t head in the same direction. Daimler, Volkswagen and BMW lose 1.21%, 1.12% and 0.70% at closing bell. Globally, investors favored healthcare and utilities stocks. In the Eurozone, inflation in July (YoY) slightly rose and matched analysts’ forecast.
| EUROPEAN MARKETS | ||
| CAC 40 | 6 965.88 | -0.82% |
| FTSE 100 | 7 466.07 | -1.17% |
| DAX | 15 318.95 | -1.32% |
| SMI | 12 104.44 | -0.60% |
| AEX | 744.26 | -1.26% |
| IBEX 35 | 8 609.80 | -1.10% |
| FTSE MIB | 26 565.41 | -1.18% |
| EURO STOXX 50 | 4 136.91 | -1.15% |
| OMX NORDIC 40 | 2 179.29 | -1.14% |
ASIAN PACIFIC MARKETS CLOSING
Asian markets mostly climbed higher on Wednesday. After a 4-day losing streak, Nikkei 225 gained 0.59% following trade data. Japanese trade surplus of July beat analysts’ projections and reached ¥441 billion (VS ¥384 billion in June). Besides, Delta strain remains a source of worries. After sharp losses yesterday, Chinese markets showed some signs of recovery. Financial stocks surged today and lifted indexes. Chine Merchants Bank and Industrial Bank soared by 6.79% and 4.24% for instance. Moreover, defensive stocks also increase. CSI 300 and SSE Composite surge by 1.17% and 1.11%. After opening at an all-time high, Nifty 50 erased gains and closed 0.28% lower. Heavyweight HDFC bank opened higher after RBI allowed the Indian bank to issue new credit cards.
| ASIAN PACIFIC MARKETS | ||
| NIKKEI 225 | 26 717.34 | 2.09% |
| KOSPI | 2 663.34 | 1.87% |
| HANG SENG | 23 550.08 | -1.08% |
| CSI 300 | 4 563.77 | -1.21% |
| SSE COMPOSITE INDEX | 3 361.44 | -0.97% |
| NIFTY 50 | 17 101.95 | -0.05% |
| S&P/ASX 200 | 6 988.10 | 2.19% |
| FTSE STRAITS TIMES INDEX | 3 246.33 | -0.42% |
| VN INDEX | 2 682.81 | 0.65% |
COMMODITIES & FOREX MARKETS
- EIA says crude oil inventories in the US are down by 3.23 million barrels
- After concluding 4 trading session in the red, Brent futures are near the flatline today. The barrel changes hands for less than $70
| COMMODITIES | ||
| OIL BRENT | 90.85 | 1.69% |
| OIL WTI | 87.80 | 1.37% |
| NATURAL GAS | 4.7640 | 11.23% |
| GOLD | 1 785.20 | -0.55% |
| PALLADIUM | 2 368.00 | 0.06% |
| SILVER | 22.245 | -1.90% |
| WHEAT | 789.00 | 1.54% |
| COTTON | 236.05 | 1.72% |
| CORN | 631.50 | 1.00% |
- AFN slumps against US Dollar
- US law maker discuss regulation on cryptocurrencies
| CHANGES & CRYPTOS | ||
| EUR/CAD | 1.4232 | 0.21% |
| EUR/USD | 1.1162 | 0.17% |
| EUR/GBP | 0.8318 | -0.11% |
| EUR/RUB | 86.6809 | -0.52% |
| EUR/CHF | 1.0377 | 0.00% |
| BTC/USD | 37 155.56 | 4.34% |
| ETH/USD | 2 473.44 | -0.26% |
Focus on the funding of Chinese start-ups
The Renminbi remains the first currency for start-up funding in China. The semiconductor industry shows a stronger preference for local currency while other industries let more space to US Dollar.
| CAC 40 | PERFORMANCES | ||
| WORST PERFORMANCES | TOP PERFORMANCES | ||
| ALTSOM | -8.20% | LVMH | 3.23% |
| ARCELOR MITTAL | -5.40% | ORANGE | 1.41% |
| SAFRAN | -3.78% | PUBLICIS GROUPE | 1.01% |
| DANONE | -2.80% | TELEPERFORMANCE | 0.92% |
| STELLANTIS | -2.72% | EUROFINS SCIENT. | 0.85% |
