Wednesday , March 3 2021

Market-China and Oil push back Wall Street (actualis)



(Actualis tobacco industry, prices and exchange rate)

* Reduction of oil raises fears
growth

* China's fall in prices is worrying

* The fear of limiting E-cigarettes, area
gives way

* Dow Jones lost 0.77%, S & P 0.92%, Nasdaq 1.65%

* Dow received 2.8% in the week, S & P 2.1%, Nasdaq
0.7%

by Sinad Carew

NEW YORK, November 9 (Reuters) – The New York Stock Exchange is
ends on the last week of the week with
Oil price increase after notice
The US Federal Reserve, which continues to prosecute
its gradual rise and beyond
Chinese jugs worrying.

The Dow Jones Index lost 201.92 points or 0.77%
25,989.30. S & P-500, wider, lost 25.82
points or 0.92%, 2,781.01. Nasdaq Composite on
a decline of 123.98 points (-1.65%) of 7.406.90 points.

For the whole week, Dow Jones received 2.8%
S & P-500 2.1% and Nasdaq Composite 0.7%.

Market view was cooled by notice in China
further slowing down the price index
and a fall in car sales that has recovered
is concerned about the growth of the second world economy.

These signs of slowdown in China, the first importer
oil, contributes to the reduction of crude oil, fear that
the world market is in the surplus supply situation.

"Many investors consider the price of oil
the world economy and its general indicator
weakness does not appear favorably, states Scott Brown,
responsible for Raymond James's economic research.

In the context of growing tensions between Washington and Washington
Pkk trade, official statistics of China
have shown that prices have fallen
October for the fourth consecutive month since
weak domestic demand and activity
manufacturing, while car sales have declined
they also for the fourth time in a row.

In addition, the decision on intoxicants on Thursday would leave their policies
montaire inchange did not surprise investors but
many observers, the central bank's statements
that it is moving towards an increase in the additional interest rate
the outcome of its next meeting on 18 and 19 December,
which would be the fourth year.

According to the FedEx Barometer of the CME Group, probability
Improving the 25 basis point key interest rate per month
the next is estimated at 75.8% 71.1% on Thursday.

oil

Crude oil prices are still affected by fears
on the oversupply of world markets in 2003
China's expected slowdown in demand.

December Agreement on Light Crude Oil (West Texas
Intermediate, WTI) lost 0.79% to $ 60.19,
down the tenth day in a row, its longest stage
since July 1984. It is used during the day
the threshold is $ 60 a barrel, the lowest since the beginning of April.

North Sea Brent was 0.67%
$ 70.18. He went under $ 70
for the first time since the beginning of April, which weakens around
20% against the four-year peak at the beginning of October
which reflects the rough market.

"What's the difference in a month!" Says Michael Tran, charging
RBC Capital Markets' Raw Material Strategy.

"Market conditions have gone the most
ugly for years, many stakeholders are waiting
even spends $ 100 just a few weeks ago,
to the most legendary feelings since autumn 2016. "

SET OF VALUES

S & P's energy index fell
0.37% when Thursday had fallen by 2.2% at oil prices.
Base stocks were 1.37%.

High tech index fell
1.66%, Apple (-1.93%), the area that both lead
a risk company that has seized investors.

General Electric fell 5.71%, fell below
nine dollars for the first time since March 2009.
J.P. Morgan lowered his target price by $ 10.

Also the financial sector declined (-0.96%),
including Citi (-2.98%) on the previous day's notice
the investor group blames 16 major banks,
including Citi, for exchange rate manipulation.

Energy experts, including PG & E (-16.49%) and Edison
(-12.12%) fell, and the fires in California were
left thousands of households without gas or electricity.

Cigarette manufacturers have dropped a
statement that food and drugs
Administration (FDA) forbids cigarette sales
electronics of fruit and candy scents that are seductive
teenagers at grocery stores and petrol stations.

DAY INDICATORS

For indicators, producer prices during the year
In October, the United States grew the most
a month for six years, but tensions
The underlying inflation loses remain unchanged.

The atmosphere of American households has declined slightly
expected in November, show the first results on Friday
monthly survey at the University of Michigan.

EUROPEAN SESSION

The European stock market also ran down
Friday, the risky has got the upper hand
The same reasons – oil, China and Fed – Wall Street.

Paris, the CAC 40 index lost 0.48% 5.106.75
points and British Footsie on CD 0.49% while
The German Dax ended almost unchanged (+ 0.02%).

EuroStoxx 50 index lost 0.25%
FTSEurofirst 300 0.36% and Stoxx 600 0.37%.

During the whole week Stoxx 600 received 0.46%
but CAC 40 only shows a symbolic progression of 0.09%.

The largest sector is falling
raw materials (-3.41%)
industrial metals. The oil area is 1.41%.

The victims of the review predict a deterioration
the results of 2018, Nexans decreased by 14.85% and
German Thyssenkrupp 9.08%.

RATE

US bond yields lost ground
to counteract the risks. The 10-year-old was almost
five basis points 3.18%, shareholdings
favors the return on government debt.

The Bund of luck of Germany is ironing
less than 0.41%, its Italian counterpart is almost the same
Stable 3.41% after 3.461 points.

EXCHANGE

The dollar index was close to the 16-month high
the euro, taking advantage of the status of asylum and beyond
confirmation of Fed's willingness to raise interest rates.

The euro is also punished by the following parties:
Europe and Italy on the Rome economic forecast.
The European single currency will rise to around $ 1,1335.

Sterling has stabilized since it lost nearly 0.6%
against the dollar and the euro
Jo Johnson, Secretary of State of the United Kingdom
Transport. Boris Johnson's brother has given this opportunity
Delirious negotiations led by Brex
First Minister Theresa May.

Follow on Monday:
(Sinead Carew and Sruthi Shankar, Laetitia Volga and Julia
Rouillon for French service)


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