The Euronext Stock Exchange in the Defense Business district in Paris
seem Mara Vilcu
The European scholarships finished in dispersed order on Monday, after the summit between American president Donald Trump and his Russian counterpart Vladimir Putin who did not lead to any ceasefire agreement and at the beginning of a week which is still rich on the geopolitical front.
In Paris, CAC 40 lost 0.50% to 7,884.05 points. In Frankfurt, the Dax abandoned 0.23% and in London, the FTSE 100 won 0.21%.
The Eurostoxx 50 index lost 0.32%, the FTSEUROFirst 300 won 0.08%and the Stoxx 600 rose 0.01%.
This Monday, all eyes turned to the geopolitical front.
During a brief press conference Friday evening in Alaska (Saturday at night, Paris time), Donald Trump and Vladimir Putin made no concrete announcement on the conflict in Ukraine.
However, the American president fell to the position of the Russian president aimed at finding a global peace agreement rather than an initial cease-fire, as Kyiv claimed.
The tenant of the White House asked Ukraine to abandon all hope of recovering the Crimea annexed by Russia or to join NATO before welcoming President Volodimir Zelensky and European leaders on Monday in Washington on Monday with the intention of putting pressure on Kyiv to reach a peace agreement with Moscow.
In addition, the major economic event of the week will be the Jackson Hole symposium organized by the Kansas City Federal Reserve from August 21 to 23, during which the president of the Fed, Jerome Powell, is expected to express themselves on the economic prospects and the political framework of the Central Bank.
“We are planning three declines in interest rates in the United States this year, as well as a slowdown in GDP growth, but no recession,” said Mark Matthews, director of research for Asia at Bank Julius Baer in Singapore. “The combination of these two factors should allow the resumption to continue,” he said.
VALUES
Valneva climbed 6.05% after receiving approval to market his vaccine against chikungunya in Canada for people aged 12 and over.
Red lantern of the STOXX 600, Commerzbank fell 3.24%, penalized by a lowering of Deutsche Bank recommendation to “keep” against “purchase”.
A WALL STREET
At the end of the closure in Europe, exchanges at the New York Stock Exchange indicated a drop of 0.04% for the Dow Jones, by 0.12% for the Standard & Poor’s 500 and 0.19% for the Nasdaq Composite.
CHANGES
The dollar was appreciated on Monday against the Euro and the Sterling book before the meeting between US President Donald Trump and his Ukrainian and European counterparts, while attention also turned to the Jackson Hole symposium to obtain indications on monetary policy.
The dollar earns 0.25% against a basket of reference currencies.
The euro lost 0.21% to $ 1.1672.
RATE
American yields are increasing on Monday after dropping earlier during the day.
The yield of Treasuries at ten years advances from 2.1 base points to 4.3491%. The two -year -old takes 1.4 base points at 3.7734%.
The yield of the German Bund at ten years lost 0.4 base point at 2.7753%. The two years is stable at 1.9695%.
OIL
Oil prices are in small increases on Monday after falling back into the first exchanges, while the United States did not increase pressure on Russia concerning its oil exports following the Trump-Putin summit in Alaska.
The Brent advances from 0.27% to 66.03 dollars per barrel and the American light crude (West Texas Intermediate, WTI) takes 0.21% to 62.93 dollars.
(Some data may accuse a slight offset)
(Written by Mara Vîlcu)
