Photo: Spencer Platt, Getty Images Agence France-Presse
Indicator reference to Wall Street, the S&P 500 has tumbled 14% since the end of the month of September.
Uncertain and anxious about the state of the global economy, equity markets have started the year as they had ended 2018, in Russian hill.
The main financial centres have had to re-agitated, on Wednesday, which is best completed in North America than in Europe or in Asia. The publication, as the curtain rises, statistics indicating a decline in manufacturing production to China at the end of last year, the first of its kind in eighteen months, has everywhere been seen as another sign of the slowing not only of the internal market the second economic power, but also of the global demand, which has stung the nose of the securities of large companies that are exporters like Microsoft and Boeing. The unveiling, later in the day, other data, assigning, there is a 2% increase in oil prices to a voluntary reduction of the production of saudi Arabia in order to help maintain the course of the black gold has been, on the contrary, was received as good news, especially in Canada.
The first to open and close on Wednesday, the asian equity markets have lost more than 1 % in China, 0.3% in Japan and nearly 3 % in Hong Kong. More dispersed, the european financial centres have dropped almost 1 % in Paris, nibbled 0.2% in Frankfurt and ended near the balance, London (+ 0.1 %), as for a composite indicator (european Eurotoxx 50) in removal of 0.3 %. On Wall Street, the S&P 500 has lost entry game 1 % compared to the closing of the previous day, before regain lost ground, retreat again, and finally close the day slightly up (+ 0.13 per cent to 2510,03 points). The Toronto stock Exchange has substantially followed the same trajectory, looping it also, the day with a modest gain (+ 0.17 per cent to 14 347,16 points) attributable to the energy sector.
The new chinese statistics are arrived at “in a context that is already tense in macroeconomic management,” observed Mikael Jacoby, head of the brokerage continental Europe of Oddo BHF Securities. The markets are still, in fact, faced with ” the same problems, namely the complicated relationship between China and the United States, the Brexit and economic weakness rather latent in some countries “, he continued, and as long as there will be no more visibility, and it will continue to weigh.
The markets also had to the eye, Wednesday, progress on the political front, while the partial shutdown of the u.s. government, the ” shutdown “, disrupting the country since December 22, on a background of disagreements on the funding for a wall on the mexican border, said Peter Cardillo Spartan Capital. The president of the United States, Donald Trump, has done nothing to reassure them by showing himself again to be unyielding on this wall, ensuring that the budgetary stalemate could last. He also said that the plunge in stock market indices in the end of last year was due to a “malfunction” and that Wall Street would be much better as soon as a trade agreement would be signed with China.
For a long time presented, by the american president, as a reflection of his good management of the economic affairs of the country, the u.s. stock markets have been subjected to hard tests by the end of the year. Indicator reference to Wall Street, the S&P 500 has tumbled 14% since the end of the month in September, wiping out not only all the gains made during 2018, but leading to a decrease of 6 % on the year as a whole, the first loss of its kind in ten years.
With Agence France-Presse