In Asia, the Nikkei 225 slipped 0.9% in Tokyo. The Shanghai stock market fell 0.1% and the Hang Seng gained 0.4% in Hong Kong. (Photo: The Canadian Press)
MARKET REVIEWS. World stock markets rose a little on Tuesday, awaiting the start of the American Central Bank meeting with apprehension because of the risk of persistent inflation, further underlined by the rise in oil prices.
Stock market indices at 7:30 a.m.
The scholarship of London was stable at the start of the session in Europe. Paris added 0.2% and Frankfurt fell by around 0.1%.
HAS new Yorkbefore the markets opened, the average Dow Jones industrial stocks and the broader index S&P 500 grew by less than 0.1%.
In Asia, the Nikkei 225 slipped 0.9% in Tokyo. The scholarship of Shanghai fell by 0.1% and the Hang Seng gained 0.4% in Hong Kong. Sydney lost 0.5% and Seoul 0.6%.
On the New York Commodity Exchange, the price of oil took US$1.37 to US$92.85 per barrel.
Bitcoin gained 1.43% to 27,160 US dollars ($US).
The context
Investors are preparing for a new series of central bank meetings, starting with that of the United States (Fed), Tuesday and Wednesday.
The resistance of the American economy for several months “has contributed to inflation increasing more than expected and being more difficult to contain, which could encourage the Fed not to signal the end of the cycle tomorrow, as made the European Central Bank last week,” writes Oanda analyst Craig Erlam.
On Tuesday, the OECD significantly revised its estimate of growth in the United States in 2023 thanks to a vigorous second quarter. It also raised its global growth forecast for this year to 3%.
But high inflation and central bank interest rate increases will continue to weigh on the global economy, the institution also warned, lowering its forecasts for 2024.
In the euro zone, the year-on-year inflation rate was revised downward for the month of August to 5.2%, Eurostat announced on Tuesday, which had published a first estimate of 5.3% at the end of last month. .
The Bank of England and the Bank of Japan also meet during the week.
Brent exceeds US$95
Oil prices continued to rise on Tuesday, driven by reduced global supply, the Brent exceeding US$95 per barrel for the first time since November, but the week full of central bank decisions still pushes investors to be cautious.
Around 6:45 a.m., the barrel of Brent stood at only US$95.03 per barrel (+0.64%), while the American WTI took 1.28% to US$92.65. These are the highest since November 2022.
On the bond market, rates remained high, at 4.31% for the 10-year loan of the American government.
The euro advanced 0.08% to 1.070 dollars per euro.
Kingfisher unscrews
The British DIY store group (KGFHF, -7.81%), owner in France of Castorama and Brico Dépôt, announced on Tuesday to lower its objectives for its current financial year, after a 36.5% drop in its net profit in the first half. It stood at 237 million pounds (274 million euros).
He also indicated that he was revising downwards his objectives for the current financial year.
The automobile is progressing in Europe
Volkswagen (VWAGY, +2.89%) is in the leading pack of the Dax after Jefferies recommended the stock for purchase and significantly raised the target price.
The holding company Porsche SE (POAHY, +1.32%)majority shareholder of the manufacturer, also benefits.
In France, Renault (RNLSY) increased by 2.64%, Stellantis (STLA) of 1.65% and the equipment manufacturer Forvia (FURCF) gained 2.01%.
