American futures indices fall in the session on Tuesday (6), while European stock markets rise and Asian markets closed with no definite direction.
On Monday, the American Dow Jones and S&P 500 indexes closed at record highs, after the release of positive unemployment data at the end of the previous week.
On Friday (2), the United States Department of Employment reported that payroll, excluding the agricultural sector, rose 916,000 in March, well above the expectation of 675,000 economists heard by Dow Jones and 647,000 of the Refinitiv consensus.
It is the biggest growth since August 2020. The unemployment rate fell from 6.2% to 6%, in line with the expectation of economists heard by Dow Jones.
Optimism has also been driven by the strong pace of vaccination in the United States, which immunized an average of 3 million people a day in the past week.
On Tuesday, however, American futures indices are on a downward trend. Investors keep an eye out for the news about the $ 2 trillion infrastructure investment package advocated by US President Joe Biden and his prospect of approval.
Biden proposes to raise the corporate tax to 28%. In the second, the Democratic president said he did not fear that the rise would affect the economy. West Virginia conservative Democratic congressman Joe Manchin said he was opposed to the rise.
In Asia, markets closed on Tuesday with no defined direction, despite the release of data from China’s service sector collected by the Caixin / Markit Purchasing Manager’s Index survey with the private sector indicating growth in March, scoring 54.3 points against 51.5 in February. Any score above 50 indicates expansion; below, retraction.
Japan’s Nikkei index closed down 1.3%. South Korea’s Kospi was up 0.2%.
European markets rose on Thursday morning, after the Easter holiday, with global expectations driven by positive economic data in the United States and China.
All sectors, with the exception of telecommunications, have rises, with emphasis on basic resources, which leads the gains with an increase of 2.5%.
The focus of European financial news is on the departure of high-level employees, and cuts in bonuses and dividends from the Swiss bank Credit Suisse. The bank announced losses of $ 4.7 billion as a result of the forced deleveraging of more than $ 20 billion of positions linked to billionaire Bill Hwang’s investment company Archegos.
The move began last week after the $ 3 billion offering of ViacomCBS shares through the banks Morgan Stanley and JPMorgan went down, leading to a sharp devaluation of the shares. This sparked a series of events that prompted brokers in Archegos’ service to withdraw en masse from their positions, in a liquidation of shares worth more than $ 20 billion.
The selling wave hit shares in companies like Baidu and ViacomCBS, while Nomura and Credit Suisse reported that they face potentially significant losses due to their exposure. Credit Suisse now says it expects pre-tax losses of about 900 million Swiss francs, the equivalent of $ 960.4 million.
Hwang’s bets are not yet clear, but market participants estimate that their assets have increased from $ 5 billion to $ 10 billion in recent years, and that total positions may exceed $ 50 billion. For this reason, the quick sale of derivatives by Archegos has had such an impact on global markets.
Investors also have an impact on the release of eurozone data. At 5:30 am the Sentix Investor Confidence Index for April in the Euro Zone was released, which scored 13.1 points, above the projection of 7.5 points and the previous level of 5 points. At 6 am, the unemployment rate in the Eurozone in February was released, which reached 8.3%, a result worse than the projection of 8.1%, and stable in relation to the previous indicator. This Tuesday, the International Monetary Fund (IMF) releases its report on the Perspectives of the Global Economy and Financial Stability.
See the performance of the main indicators at 6:30 am (Brasília time):
* S & P 500 Futuro (USA), -0.2%
* Nasdaq Futuro (USA), -0.23%
* Dow Jones Futures (USA), -0.12%
* Dax (Germany), + 0.94%
* FTSE 100 (UK), + 1.16%
* CAC 40 (France), + 0.59%
*FTSE MIB (Itália), +0,68%
* Nikkei (Japan), -1.3% (closed)
* Hang Seng Index (Hong Kong), + 1.97% (closed)
* Kospi (South Korea), + 0.2% (closed)
* Shanghai SE (China), -0.04% (closed)
Commodities e bitcoin
* WTI oil, + 2.4%, at $ 60.06 a barrel
* Brent oil, + 2.32%, at $ 63.59 a barrel
*Bitcoin, +1,71%, a US$ 58.837,09
About ore: ** Iron ore futures traded on the Dalian exchange fell 0.61%, quoted at 971 yuan, equivalent today to $ 148.21 (in the past 24 hours).
USD/CNY = 6,55
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