Stock market: what’s happening in the markets ahead of the opening on Monday, May 13

(AP Photo/Ahn Young-joon)

MARKET REVIEW. Equity markets await Monday, after a good week, to look forward to the latest inflation data in the United States and the Eurozone.

Stock market indices at 7:45 a.m.

In New York, before the markets opened, the average Dow Jones Industrial shares and the broader S&P 500 index added about 0.1%.

In Asia, Nikkei 225 lost 0.1% in Tokyo. Scholarship Shanghai decreased by 0.2% and Hang Seng in Hong Kong it rose by 0.8%. Sydney was stable and Seoul lost less than 0.1%.

On the New York Commodity Exchange, the price is o oil increased by 33 US cents to 78.59 USD per barrel.

Friday, Canadian dollar ended the day at 73.18 US cents, compared with 73.04 US cents on Thursday.


Little data is expected during Monday’s session, but the rest of the week will be busier. On Tuesday, April US producer prices will provide a first look ahead of Wednesday’s April inflation report.

“It will be the first test after a reassuring Federal Reserve (Fed) meeting at the beginning of the month, when Powell indicated that the next key rate change should always be downward” and which allowed “a clear decline in interest rates,” LBPAM analysts note.

Jerome Powell, chairman of the US central bank (Fed), is also scheduled to speak on Tuesday.

Eurozone inflation data will be released throughout the week, from Monday in Portugal to across the zone on Friday, including Wednesday in France.

In Asia, Tokyo lost 0.13% and Shanghai lost 0.26%, while Hong Kong added 0.80%, the most since mid-August and up 27% from January lows.

China will sell a tranche of 30-year bonds within the week, the finance ministry said on Monday, as Beijing seeks to boost its support for the world’s second-largest economy.

Investment in France

According to the Elysée, 56 projects representing investments of 15 billion euros were presented in France on Monday.

american giant Microsoft (+0.99% in pre-session exchanges) brings in 4 billion euros on its own, with a new data center in Mulhouse and the expansion of others in Paris and Marseille.

Amazon (+0.38%) announced more than 1.2 billion euros of investments to strengthen its logistics network and support the development of Amazon Web Services cloud infrastructure.

In terms of health, Pfizer (+0.32%), AstraZeneca (-0.44%), GSK (+0.08%) a Novartis (+0.62%) reported investments at Sanofi (+1.70%) on Monday announced an investment of more than a billion euros in the production of drugs in France with the construction of a new factory.

Oil on the decline

Oil prices rose slightly on Monday thanks to new Ukrainian strikes on Russian energy infrastructure.

barrel from Brent advanced 0.27% to $83.01 a barrel US WTI by 0.33% to $78.52 per barrel.

Euro took $0.07 to $1,077.99 per euro.

THE bitcoin took 2.26% to $62,657.

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