Closing Report 18.08.2021

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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 10015 659.28-0.67%
DOW JONES36 347.880.31%
S&P 5004 692.07-0.09%
RUSSELL 20002 197.90-0.38%
S&P/TSX21 074.050.01%
S&P MERVAL83 976.230.26%
IBRX BRAZIL43 655.550.57%
IPC MEXICO53 172.740.22%

 

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 407 219.48-0.42%
FTSE 1007 485.280.47%
DAX15 947.74-0.65%
SMI12 797.940.04%
AEX788.430.32%
IBEX 358 751.80-0.43%
FTSE MIB27 618.47-0.13%
EURO STOXX 504 305.83-0.44%
OMX NORDIC 402 363.88-1.37%

 

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 22528 478.56-0.03%
KOSPI2 954.891.18%
HANG SENG23 493.381.82%
CSI 3004 822.370.09%
SSE COMPOSITE INDEX3 579.54-0.18%
NIFTY 5017 812.700.38%
S&P/ASX 2007 453.301.29%
FTSE STRAITS TIMES INDEX3 205.260.66%
VN INDEX2 867.33-0.61%

 

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 BRENT81.76-0.28%
OIL WTI79.00-0.58%
NATURAL GAS3.9343.20%
GOLD1 791.800.15%
PALLADIUM1 909.001.87%
SILVER22.240.23%
WHEAT751.500.77%
COTTON239.053.17%
CORN606.750.50%

 

  • AFN slumps against US Dollar
  • US law maker discuss regulation on cryptocurrencies

CHANGES & CRYPTOS
EUR/CAD1.4362-0.06%
EUR/USD1.13560.57%
EUR/GBP0.83620.20%
EUR/RUB85.4075-0.91%
EUR/CHF1.04390.30%
BTC/USD42 075.12-2.61%
ETH/USD3 196.39-6.01%

 

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 40PERFORMANCES
WORST PERFORMANCESTOP PERFORMANCES
HERMES-3.82%STMICROELECTRONICS3.45%
ESSILORLUXOTTICA-3.05%ARCELOR MITTAL3.40%
PERNOD RICARD-2.35%VEOLIA ENVIRON.2.60%
DASSAULT SYSTEMES-1.79%TOTAL ENERGIES1.14%
CAPGEMINI-1.57%SAINT GOBAIN1.07%

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