Stock market: the Dow Jones loses more than 2% at the opening
Updated 27 minutes ago
LesAffaires.com and AFP
The end of the PCRE does not rhyme with “financial precipice”
Popular residential investment during the pandemic
China blamed for Microsoft Exchange cyberattack
5 minutes ago
The Canadian Press
Poches et Fils takes on the four-day week, no kidding
The digital transformation fair
Stock markets fell sharply in Europe and Asia on Monday, weighed down by fears that the rebound in the COVID-19 epidemic would hamper economic recovery.
In the US, around 7.15am, Wall Street was heading for a lower opening. Dow Jones futures fell 362 points, or 1.05%, to 34,202 points. Those of the S&P 500 fell 36 points, or 0.85%, to 4,282 points while those of the Nasdaq lost 88 points, or 0.6%, to 14,582 points.
In Europe, markets were down at mid-session. In London, the FTSE 100 fell 1.95%. In Paris, the CAC 40 fell 0.43% and in Frankfurt, the DAX plummeted 2.15%.
Earlier in Asia, investors did not lack reasons to be cautious: inflation fears, spread of the Delta variant, rise in oil prices, downturn in the New York Stock Exchange …
“The negative factors that continue to weigh on the market are rising inflation in the United States, associated speculation on interest rate hikes across the Atlantic and the Delta variant,” summarizes Timo Emden, Independent Analyst.
In terms of health, the increase in the number of COVID-19 cases worries all regions of the world.
This Monday, England throws off the mask and removes most of the restrictions linked to the pandemic, a step feared by many scientists and politicians.
“Far from bringing an additional dose of confidence to investors, ‘Freedom Day’ seems to be a setback,” notes Susannah Streeter, analyst at Hargreaves Lansdown.
The country remains the most affected in Europe and has exceeded 50,000 new daily contaminations two days in a row.
“The sharp rise in COVID-19 infection rates in the UK and concerns over further easing of restrictions are likely to be behind” the London index’s drop this morning, she explains.
European countries, where a strong rebound in the epidemic is expected in the coming weeks, are trying to contain its spread, with the tightening of access conditions in France and the United Kingdom.
Across the Atlantic, the chief medical officer of the United States said Sunday to be “deeply concerned” about the situation in the country in the fall.
“In addition, the persistence of high inflation, especially in the United States, could put a strain on consumption, as it reduces the purchasing power of households,” notes Sebastian Paris Horvitz, analyst at LBPAM.
On the agenda side, corporate earnings publications continue and the main event of the week will be the European Central Bank’s monetary policy meeting on Thursday.
At around 7.15 am, the price of a barrel of US WTI dropped 2.73% to US $ 69.85 and a barrel of North Sea Brent lost 2.6% to US $ 71.68.
Here is a selection of announcements that have made (or will make) move the prices of these companies.
Stay logged in
Forgotten password or nickname
Your best ally to grow your business, your career and your portfolio. Save 75% on the newsstand price!
A site of Groupe Contex Inc.
1100 boul. René-Lévesque O.
Montreal, QC H3B 4X9
Please enter your email address below:
Stay logged in
Forgot your password ?
Incorrect username or password
Account not confirmed. Look at your emails.
You must link your lesaffaires.com and Linkedin accounts before using this feature
to connect or