Shares and rates falling, tensions remain – archyworldys

PARIS (Reuters) – Wall Street is expected to fall and European stock markets, except London, retreated at mid-session Tuesday, as did bond yields, in the face of health, economic and geopolitical fears pending figures for retail sales to States -United.

New York index futures are signaling a Wall Street open down 0.4% to 0.6% in the wake of closing highs set for the fifth session in a row by the Dow Jones and the S & P-500. In Paris, the CAC 40 lost 0.59% to 6,798.32 at 11:30 GMT. In Frankfurt, the Dax lost 0.23% and in London, the FTSE gained 0.1%, thanks to BHP.

The pan-European FTSEurofirst 300 index fell by 0.08%, the EuroStoxx 50 in the euro zone by 0.39% and the Stoxx 600 by 0.14%.

In the United States as in Europe, risk-taking is expected to remain limited with lingering concerns over the Delta variant of the coronavirus and its impact on the economy, as well as the geopolitical risk in Afghanistan following the takeover by the Taliban insurgents .

The consequences of the chaos in Afghanistan for the developed world have been limited so far, analysts at Deutsche Bank say, adding that the conflict risks complicating US President Joe Biden’s efforts to push through his economic plans.

The sharp drop in Chinese stock market indices is also influencing the European trend following the presentation by Beijing of a regulatory project aimed at combating unfair competition and regulating data processing in the high technology sector.

On the macroeconomic agenda, the publication of retail sales in the United States in July at 12:30 GMT could provide new insight into the influence of the spread of the coronavirus on American consumption. Economists polled by Reuters expect a decline of 0.2% after rising 0.6% in June. VALUES TO FOLLOW AT WALL STREET

Retail giant Walmart fell 1.5% pre-market despite raising its annual forecast for same-store sales in the United States and better-than-expected results in the second quarter.

Home Depot is down about 5% after reporting lower than expected quarterly US same-store sales in the US.

VALUES IN EUROPE

In Europe, the banking sector shows the most significant decline (-1.39%), as a consequence of the fall in bond yields.

In Paris, BNP Paribas, Crédit Agricole and Société Générale dropped between 2.10% and 2.52%.

Conversely, the basic resources sector (+ 0.76%) is boosted by the surge of BHP in London: the world’s leading mining group climbs 7.21% after announcing an annual profit to the highest since nearly ten years and the sale of its oil and gas business to Woodside Petroleum.

Just Eat Takeaway.com advance 2.37% in Amsterdam after posting a lower half-year operating loss than expected.

RATE

The yield on 10-year US Treasuries fell nearly three basis points to 1.225%, following a nearly two-week low of 1.217%.

The ten-year German Bund yield fell two points to -0.49% after a low of -0.501% and its French equivalent fell to -0.14%.

CHANGES

The dollar gained 0.12% against a basket of benchmark currencies and the euro posted a decline of 0.08%, to 1.1768 dollars.

Despite the fall in the British unemployment rate to 4.7% from April to June, the lowest since June-August 2020, the pound is falling, to its lowest for three weeks against the greenback. The yen and the Swiss franc, favored over the past two sessions by their safe haven status, are practically stable against the dollar.

The New Zealand dollar (-1.25%) is on course for its worst daily performance since mid-May against the US dollar, the first report of a COVID case in the country in six months leading to the government to announce a reconfinement, which could jeopardize the expected hike in central bank interest rates.

OIL

Crude prices retreat after being carried at the start of the session by a report from Reuters citing four sources according to which OPEC + believes that the oil markets do not need more crude than what the organization plans to produce in months to come, despite pressure from the United States to increase supply.

Persistent concerns about global demand for fuel in the face of the slowdown in the Chinese economy in particular quickly regained the upper hand.

The barrel of Brent dropped 0.78% to 68.97 dollars and that of US light crude lost 1.03% to 66.6 dollars.

(Laetitia Volga, edited by Marc Angrand)