indexes in this article
The evening market overview, compiled by Dow Jones Newswires:
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+++++ HOLIDAY NOTICE +++++
TUESDAY: There was no trading in China including Hong Kong on Tuesday due to the Qingming Festival.
+++++ STOCK MARKETS (6.50 p.m.) +++++
INDEX reading +-% +-% YTD
EuroStoxx50 3,917.85 -0.84% -8.85%
Stoxx50 3,782.59 +0.21% -0.94%
DAX 14,424.36 -0.65% -9.19%
FTSE 7,595.02 +0.48% +2.36%
CAC 6,645.51 -1.28% -7.10%
DJIA 34,814.33 -0.31% -4.19%
S&P 500 4,548.03 -0.76% -4.58%
Nasdaq Comp. 14,260.39 -1.87% -8.85%
Nasdaq-100 14,880.63 -1.84% -8.82%
Nikkei-225 27,787.98 +0.19% -3.49%
EUREX Stand + ticks
Bund future 157.81%-147
+++++ COMMODITY MARKETS +++++
ROHL last VT-Settl. +/- % +/- USD % YTD
WTI/Nymex 102.97 103.28 -0.3% -0.31 +39.3%
METALS last day before +/- % +/- USD % YTD
Gold (Spot) 1,923.53 1,932.79 -0.5% -9.26 +5.1%
Silver (Spot) 24.40 24.53 -0.5% -0.13 +4.7%
Platinum (Spot) 973.50 989.95 -1.7% -16.45 +0.3%
Copper Future 4.78 4.78 +0.0% +0.00 +7.5%
Oil prices are little changed, although the EU is expected to announce a ban on coal imports from Russia. The firm dollar is having a somewhat slowing effect on oil prices.
+++++ FINANCIAL MARKET USA +++++
On Wall Street, a mirror image of the previous day can be seen: The technology-heavy stocks fall back significantly this time, while the movements in the Dow Jones Index and S&P 500 are much more moderate, but also point downwards. In particular, shares in technology and growth companies, with their often high valuations, are having a hard time with the sharply rising market interest rates. The fact that the US central bankers Brainard and George have spoken out in a very hawkish manner is responsible for the rising interest rates. In addition, there are clearly convincing purchasing manager indices from the USA and worries that energy prices will continue to rise as a result of further impending sanctions by the West against Russia – a ban on imports of coal is under discussion. Sentiment is also weighed down by the fact that the World Bank has lowered its growth forecast for East Asia and the Pacific region, as well as the growth projection for China. Cyclical sectors are at the bottom, the sub-index of car values collapses by more than 4 percent. At the top are rather defensive sectors such as utilities (+1.4%) and pharmaceuticals (+1.1%). Twitter defend the 27 percent increase of the previous day after the entry of Tesla boss Elon Musk. The price gains another almost 4 percent. Carnival are up 3.6 percent. The cruise line has reported the strongest booking week in its history.
+++++ ECONOMIC OUTLOOK ++++++
– U.S
22:30 crude inventory data (week) of the private
American Petroleum Institute (API)
+++++ FINANCIAL MARKETS EUROPE +++++
After a friendly opening, prices on the stock markets have fallen. In France, the CAC-40 fell 1.3 percent – depressed by a new poll for the French presidential election. According to this, the right-wing Marine Le Pen has reduced the gap to President Emmanuel Macron so much that the outcome is now open. According to Haendler, an election victory for Le Pen would not only be a disaster for the French stock market. In the CAC-40, Societe Generale fell 5.6 percent, Veolia 5.3 percent and Vinci 4.1 percent. Credit Agricole was down 5 percent and BNP was down 4.6 percent. The planned round of further anti-Russia sanctions with the EU import ban on Russian coal was also in view. She focused on energy stocks: Nordex rose by 7.1 percent, Vestas by 8.6 percent and Encavis by 5.2 percent. Siemens Energy went up 1.1 percent and RWE 2.7 percent. The Stoxx index for utilities rose by 2.1 percent, the index for oil and gas stocks by 1 percent. In contrast, the index of banks lost 1.1 percent. The index of construction titles fell by 1.8 percent and that of car shares by 2.4 percent. MTU fell by 5.2 percent. Airbus gave up 4.4 percent, also because one of its own shares wants to sell. After the failed takeover of Aareal Bank, Advent and Centerbridge tried again. The share gained another 3.4 percent.
+++++ CURRENCIES +++++
FOREX last +/- % Tue, 8:19 am Mon, 5:59 pm % YTD
EUR/USD 1.0913 -0.5% 1.0971 1.0993 -4.0%
EUR/JPY 134.83 +0.1% 134.43 134.91 +3.0%
EUR/CHF 1.0143 -0.2% 1.0158 1.0176 -2.2%
EUR/GBP 0.8340 -0.3% 0.8358 0.8382 -0.7%
USD/JPY 123.55 +0.6% 122.56 122.72 +7.3%
GBP/USD 1.3084 -0.2% 1.3124 1.3115 -3.3%
USD/CNH (Offshore) 6.3801 +0.1% 6.3663 6.3737 +0.4%
Bitcoin
BTC/USD 45,845.48 -1.4% 46,749.89 45,624.99 -0.8%
The dollar is gaining significantly with the tailwind from hawkish statements by Fed officials, the dollar index is up 0.3 percent. Also support good data. The euro is coming under pressure with the strength of the dollar.
+++++ EAST ASIA FINANCIAL MARKETS +++++
The stock markets have changed little. Initially, the positive US targets caused the indices to rise slightly, but over the course of the year prices plummeted. The ongoing fighting in the Ukraine war and the continuing rise in oil prices dampened the willingness to take risks. The World Bank has also lowered its growth forecast for East Asia, the Pacific region and China. In Tokyo, with the good Nasdaq specifications, stocks from the technology sector in particular were in demand. In the US, there had been speculation that the inverted yield curve might prompt the US Federal Reserve to slow down raising interest rates after all. Data on Japanese household spending caused a slight setback. In Seoul, the sharp rise in commodity prices had prompted the Bank of Korea to forecast that inflation in South Korea would be well above its February estimate. In Sydney, the technology sector was the daily winner, up 3.1 percent. However, the index gave back some of the gains following the Reserve Bank of Australia’s (RBA) interest rate decision. As expected, the bank left the key interest rate at 0.10 percent, but signaled its growing willingness to raise interest rates soon. In individual stocks, Pendal gained another 1.5 percent after the previous day’s rally. Citigroup took a positive view of the planned takeover by Perpetual.
+++++ COMPANY REPORTS SINCE 1.30 PM +++++
General Motors and Honda deepen cooperation on electric cars
General Motors and Honda Motor are expanding their cooperation in the development of electric cars. According to the announcement, the two companies want to build several electrically powered cars on a new architecture. SUVs, for example, are said to be among the vehicles that could be produced both in North and South America and in China.
Elon Musk moves to Twitter board
After buying Twitter shares billions, Tesla boss Elon Musk will in future sit on the board of the US short message service. As announced by Twitter Inc, Musk will receive a two-year term. “In speaking with Elon over the past few weeks, we realized that he would be of great value to our board,” Twitter CEO Parag Agrawal tweeted.
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Contact the author: [email protected]
DJG/flf
(END) Dow Jones Newswires
April 05, 2022 12:53 ET (16:53 GMT)