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POINT MARKETS – Europe withdraws for the Fed, Bayer weighs on the Dax



                * The Stoxx 600 loses 0.3%, the Dax loses more than 1%
* Fed expects on "dots" and the balance
* Fear of US / China trade weighs again
* Elior and Bayer fall on the stock market

by Laetitia Volga
PARIS, March 20 (Reuters) - The most important European stock exchanges are evolving
slight decrease Wednesday morning, the approach to policy decisions
monetary policy of the US Federal Reserve encouraging investors
caution because the fear of trade reappears.
In Paris, the CAC 40 index lost 0.11% at 5,420.13 points around 9.40 GMT.
In Frankfurt the Dax fell sharper (-1.05%), penalized with
the fall of Bayer. The FTSE yields 0.06% in London.
The EuroStoxx 50 index in the euro area fell by 0.55%, the
FTSEurofirst 300 of 0.42% and Stoxx 600 of 0.35%.
US Federal Reserve announces decision on monetary policy
at 18:00 GMT and it should not be surprising to be "patient" in
increase in interest rates.
At his press conference half an hour later, Jerome Powell, the
President of the Fed, will mainly be expected on the "dots", ie the
summary of central bank predictions about evolution
interest rates and the balance sheet reduction process.
"The market seems to be more nervous about this last point than about
prospects for future interest rate increases, we do not really expect this
year, "Michael Hewson responded to CMC Markets.
The latest news in the trade consultation file
Sino-US investors also urge investors to leave assets behind
risky. According to press releases, which penalized the meeting in Wall
Street Tuesday, some US officials fear the Chinese won't do that
are reluctant to meet Washington requirements.
Shortly thereafter, a Trump official confirmed another
press information according to which the most important negotiators in the
trade dispute will end next week in Beijing.

As far as indicators are concerned, investors only have UK inflation from
last month to put in the tooth. The consumer price index is
an increase of 1.9% year-on-year, as a Reuters consensus
expected an increase of 1.8%.

VALUES
Trading uncertainties are on the stock market
core resources, 2.26% lower.
Bayer's share is the largest decrease in the Stoxx (-12.55%), jury members from
Federal Court of San Francisco has declared that Roundup, the herbicide
Monsanto's # 39; s glyphosate base, purchased by the German group, was a factor
significant "in triggering cancer from a California resident.

On the other hand, Inmarsat flies 16.72% of the London Stock Exchange
after receiving an offer to purchase from the British operator from
satellites at $ 3.3 billion (€ 2.9 billion). In the wake
competitors SES and Eutelsat respectively
1.04% and 2%.
Elior drops by 6.9%, the price stated by various sources
van Reuters for the sale of his concession repair company
(Areas) are below expectations, according to various analysts.
Still in Paris, Total delivers 1.96% after the sale by a subsidiary
A. P. Moller-Maersk of an interest in the company
oil for 51.18 euros per share while the Total share was closed
Tuesday at 51.54 euros.
Moreover, the opinions of some analysts animate the Parisian coast: Eurofins
Scientific withdraws 2.28% after the relegation of Jefferies to
"neutral" and Teleperformance gets 3.49%, Morgan Stanley has increased
his recommendation for "being overweight".
BMW loses 5.23% after profit warning
taxable year and a savings and efficiency plan of 12 billion
euros.
UBS sells 2.57% after having indicated that it is planning to cut back
costs of $ 300 million (€ 264.5 million) extra this
while sales in the first quarter decreased in its activities
asset management and investment banking.

IN ASIA
The Tokyo Stock Exchange has risen slightly (+ 0.2% for the Nikkei
) in a slow market before the monetary decision of the Reserve
federal government and on the eve of a vacation in Japan.
The Chinese stock markets are finished on one side
stable rating, weakened by the return of fear of trade.

A WALL STREET
Wall Street ended Tuesday's session about very small gaps,
investors, who hope to continue to see the Federal Reserve
"patient", troubled by the latest news on the front
shop.
The Dow Jones index lost 0.10% and closed a series of four
increases in a row. The broad S&P 500 index lost 0.01% and the Nasdaq
Composite cost 0.12% and only managed to become positive again
before closing.

EXCHANGE
With the return of trade uncertainties, the dollar benefits from being
safe harbor status to restore around 0.15% against a basket of currencies
reference. It stays close to a low of more than two
weeks due to expectations of a prolonged disruption of the Fed
tariff increases.
The euro is stable at 1,135.
The pound, for its part, fell by 0.3% against the euro and the dollar
always evolving according to the announcements on the Brexit. The first
The British minister Theresa May will send her a letter
European partners for a short extension of Article 50 of the
European Treaty to achieve the Brexit, according to the BBC and the chain of
Sky television.

RATE
Ten-year US government bond yields are falling
slightly less than 2.6% for the Fed announcements. In Europe, variations
are more limited: the German age of 10 is 0.095%.

OIL
Oil prices vary little, caught between a reduced supply of crude oil
of OPEC and American sanctions against Venezuela and Iran on the one hand
and the fear of slowing global growth on the other hand.
Brent barrel is stable at $ 67.60 and slightly rough
drops below $ 59 after touching a peak the day before
four months to 59.57.
Weekly statistics from the Energy Information Administration (EIA)
US shares are released at 14:30 GMT.

MARKET SITUATION
(Some data may show a slight shift)

MARKETS
EUROPEAN

Indices Latest Var. Points Var. % YTD
Eurofirst 300 1505.92 -5.58 -0.37% + 13.11%

Eurostoxx 50 3393.48 -15.52 -0.46% + 13.06%

CAC 40 5423.42 -2.48 -0.05% + 14.64%
Dax 30 11683.35 -105.06 -0.89% + 10.65%
FTSE 7324.18 + 0.18 + 0.00% + 8.86%
SMI 9485.29 -40.63 -0.43% + 12.53%
Values ​​to be followed in Paris and Europe
:

SCHOLARSHIPS
ASIAN
Close the Var indices. Points Var. % YTD
Nikkei-225 21608.92 +42.07 + 0.20% + 7.96%

Topix 1614.39 + 4.16 + 0.26% + 8.05%
Hong Kong 29320.97 -145.31 -0.49% + 13.45%
Taiwan 10,551.56 +39.24 + 0.37% -1.49%
Seoul 2177.10 -0.52 -0.02% + 6.67%
Singapore 3207.66 -13.26 -0.41% + 4.53%
Shanghai 3090.64 -0.33 -0.01% + 23.93%
Sydney 6165.30 -19.50 -0.32% + 9.19%
The fence in Tokyo:

WALL STREET
The session
previous:
Indices Latest Var. Points Var. % YTD
Dow Jones 25887.38 -26.72 -0.10% + 10.97%
S&P 500 2832.57 -0.37 -0.01% + 12.99%
Nasdaq 7723.95 +9.47 + 0.12% + 16.61%
Nasdaq 100 7349.28 +23.00 + 0.31% + 16.10%

Minutes of the session on Wall Street:

"The Day Ahead" - Update on the next Wall Street session


EXCHANGE
Course Veille Var.% YTD
Euro / Dlr 1,1346 1,1349 -0.03% -1.07%
Dlr / Yen 111.56 111.37 + 0.17% + 1.18%
Euro / yen 126.60 126.45 + 0.12% + 0.30%

Dlr / CHF 0.9998 0.9990 + 0.08% + 1.87%
Euro / CHF 1,1342 1.1340 + 0.02% + 0.78%

Stg / Dlr 1.3220 1.3267 -0.35% + 3.63%
Index $ 96.5000 96.3830 + 0.12% + 0.34%

OR
Course Veille Var.% YTD
Golden dot 1302.17 1306.30 -0.32% + 1.52%

RATE

Last Var. Spread / Bund
(Pts)
Future Bund 164.07 +0.11

Bund 10 years 0.09-0.01

Bund 2 years -0.52 +0.00

OAT 10 years 0.47 -0.00 +37.61

Treasury 10 years 2.59 -0.02
Treasury 2 years 2.46 -0.01

PETROLEUM
(in dollars) Price Previous Var Var.% YTD
Slightly rough US 58.82 59.03 -0.21 -0.36% + 28.40%

Brent 67.59 67.61 -0.02 -0.03% + 24.82%


(Edited by Blandine Hénault)
  
 
 

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