Earlier in the morning, the trend was given by the Tokyo Stock Exchange, where the Nikkei index gained 1.91%, closing above 30,000 points for the first time in more than thirty years as the Extended Topix index rose by 1.04%.
(Paris) European indices picked up the pace on Monday at midday, galvanized by the prospect of fiscal stimuli on both sides of the Atlantic and a surge in vaccination campaigns, particularly in the UK.
After an opening in the green, the main European stock markets consolidated their gains around 8 am. The Paris Stock Exchange appreciated by 1.39%, London by 1.75%, Milan by 0.80% and Frankfurt by 0.30%. Madrid for its part rose 1.37%.
Earlier in the morning, the trend was given by the Tokyo Stock Exchange, where the Nikkei index gained 1.91%, closing above 30,000 points for the first time in more than thirty years as the Expanded Topix index rose by 1.04%.
The Chinese stock markets were for their part closed on Monday due to the Lunar New Year holidays. The US market will also remain closed due to “President’s Day” in the United States.
“European markets are showing solid gains today due to optimism surrounding US government plans to implement a $ 1.9 billion spending plan and a positive mindset regarding programs vaccination, ”notes David Madden, an analyst at CMC Markets.
“The acquittal of Donald Trump in his second impeachment trial now leaves the field open to the US Congress to focus on the recovery plan of Joe Biden,” said Franklin Pichard, director of Kiplink Finance.
The arrival at the head of Italy of Mario Draghi also contributed to the ambient optimism by giving hope for the rapid implementation of a plan of more than 200 billion euros financed by the European Union to come to the rescue of the peninsula.
In terms of health, vaccination has reached a milestone in the United Kingdom, which has met its objective of offering a first dose of vaccine to the most vulnerable categories, i.e. 15 million people, before mid-February, and is now expanding its program for 65-69 year olds.
On the rate market, the yields of European sovereign bonds continued their clear movement of tension which started on Friday, in the wake of the rise in the US ten-year rate above 1.20%.
The German ten-year bond rate or Bund, which is the benchmark in the euro zone, was thus at its highest level since June.
Vivendi makes the fortune of the CAC 40
The title of the French media giant Vivendi soared (+ 19.16% to 31.10 euros) after it announced on Saturday that it wanted to put on the stock market by the end of the year its subsidiary Universal Music Group (UMG ) and distribute 60% of the capital to its shareholders.
Fusion in German chemistry
German chemist Lanxess (+ 3.62% to 62.98 euros, at MDax) announced on Sunday the purchase for $ 1.1 billion of Emerald Kalama Chemical, an American chemical specialist, manufacturer of food preservatives and animal products .
Oil above $ 60
In London, oil stocks were benefiting from the jump in crude prices, with WTI above $ 60 for the first time in a year. BP gained 2.96% to 269.55 pence and Royal Dutch Shell (“B” share) 3.84% to 1,350.59 pence.
In Paris, oil services stocks were also upbeat, like Vallourec (+ 5.11% to 30.66 euros), CGG (+ 4.60% to 0.99 euros), TechnipFMC (+4.21 % at 9.10 euros) or even Total (3.46% at 36.19 euros).
On the currency, oil and bitcoin side
Around 5 a.m., a barrel of Brent North Sea for April delivery gained 1.35% in London from Friday’s close at $ 63.27.
At the same time, WTI’s US barrel for March appreciated 1.90% to $ 60.60, after passing the $ 60 mark in Asian trading, a first since January 9, 2020.
The euro stabilized (+ 0.04%) against the greenback, at 1.21 dollars to the euro.
After hitting a new all-time high on Sunday at $ 49,694.24, bitcoin fell back to $ 48,048.55.