The Asian fairs stock exchanges gone for a Good Friday. The stock exchanges that open today are making profits.
The Japanese Nikkei traded 1.4 percent higher at 29,801. 14 points and the Shanghai stock market rose 0.2 percent to 3,474.14 points. The Hong Kong Stock Exchange is closed today, as are the European stock exchanges and Wall Street.
However, the US jobs report is on the agenda today. Economists forecast a job growth of 675,000 in March.
The European stock exchanges closed higher on Thursday, bringing the business week to an end. Like most international trade fairs, Euronext is closed on Friday and Monday.
Investors benefited from the infrastructure program of US President Joe Biden. He wants to invest billions of dollars in new roads, bridges and homes.
“While this is good news for the economy and a support for stocks, it remains to be seen whether it will revive the fear of an overheating of the economy,” said analyst Charalambos Pissouros of JFD Group.
On the macroeconomic front, it was announced on Thursday that industrial activity in the euro area increased significantly in March. The Purchasing Managers Index for the industry rose from 57.9 to 62.5.
The separate indices showed a similar picture. The German index rose sharply in March, as did France, Italy and Spain. Industrial activity in the Netherlands increased in March to its highest point since February 2018, and growth also accelerated in the United Kingdom.
German retail sales increased in February, but less than expected. On a monthly basis, there was an increase of 1.2%, while the market expected an increase of 2.0%.
Atos fell 12.7 percent after the French company reported irregularities in its accounts. Irregularities in the accounting of two US subsidiaries, accounting for approximately 11% of turnover and 9% of the operating margin, were discovered during the audit of the figures.
Sodexo has seen a significant decline in sales over the past six months, but expects autonomous growth for the second half of the year. Sodexo still described conditions as volatile, particularly in Europe, where new waves of coronavirus infection are reported. The stock price closed 1.0 percent higher.
The European semiconductor industry performed strongly on Thursday, following impressive investment plans from TSMC. ASML won 2.4 percent and Infineon 1.1 percent.
The share of Delivery Hero increased 3.9 percent in Frankfurt. Wednesday evening Prosus turned out to have increased the interest in Delivery Hero to 25 percent. Prosus rose in Amsterdam by 5.3 percent. The AEX is now an index with a lot of tech stocks and that makes the index one of the best in Europe today.
Euro STOXX 50 3.945,96 (+0,7%) (slot 1/4)
STOXX Europe 600 432.22 (+0.6%) (slot 1/4)
DAX 15.107,17 (+0.7%) (slot 1/4)
CAC 40 6.102,96 (+0,6%) (slot 1/4)
FTSE 100 6.737,30 (+0,4%) (slot 1/4)
SMI 11.118, 03 (+0.6%) (slot 1/4)
AEX 708.43 (+1.2%) (slot 1/4)
Call 20 3.938,63 (+1,0%) (slot 1/4)
FTSE MIB 24.710, 00 (+0.3%) (slot 1/4)
IBEX 35 8,577. 60 (0.0%) (slot 1/4)
Wall Street keeps the doors closed today.
US stock markets ended up higher on Thursday, with technology funds in particular performing strongly on the first trading day of the second quarter, while the market was flooded with a range of economic data.
The S&P 500 closed for the first time over 4,000 points on Thursday.
Many investors hope stocks will continue to rise in the second quarter, aided by the prospect of strong economic growth as coronavirus vaccine roll-out spreads and Biden’s spending programs.
After a $ 1.9 trillion stimulus plan, Biden unveiled an even bigger infrastructure plan on Wednesday.
“We are entering a period where there is a bit more risk and I want a more balanced approach to that,” said analyst Lars Skovgaard Andersen of Danske Bank Wealth Management.
Andersen thinks that information technology shares like Microsoft and Salesforce.com could provide a buffer if cyclical stocks lose momentum.
On the macroeconomic front, it was announced on Thursday that 719,000 people applied for unemployment benefit last week in the United States, where economists predicted 675,000.
Two procurement managers indices for industry in March indicated an acceleration in growth. Markit Economics’s index rose from 58.6 in February to 59.1 last month, while the ISM index rose from 60.8 in February to 64.7 in March.
Construction expenditure in the United States fell by 0.8 percent on a monthly basis in February. On an annual basis, there was an increase of 5.3 per cent.
Micron Technology rose about 4.5 percent, after the memory chip manufacturer came up with strong quarterly figures on Wednesday. The Wall Street Journal also reported that Micron, together with Western Digital, may want to bid for Kioxia Holdings, which the Japanese semiconductor would value at about $ 30 billion. Western Digital recorded more than 6.0 percent higher.
Semiconductors such as Qualcomm and Advanced Micro Devices increased 3.5 percent and 3.0 percent respectively.
Ford dropped 1.0 percent. The automaker has to suspend production at several plants in the US due to the increasing chip shortage. Taiwan Semiconductor Manufacturing announced on Thursday a three-year plan to invest $ 100 billion to end the chip shortage.
Pfizer closed almost flat and BioNTech scored over 4.0 percent higher. The coronavirus vaccine of the pharmaceuticals would also protect against the South African variant, according to new data.
Meanwhile, Johnson & Johnson confirmed that a batch of its coronavirus vaccine produced at an Emergent BioSolutions plant does not meet the quality requirements, preventing the use of 15 million doses. The share Emergent decreased by more than 13.5 percent. J & J lost nearly 1.0 percent.
Microsoft has signed a $ 22 billion deal with the US military to supply headphones with augmented reality. The stock rose about 2.8 percent.
The U.S. Securities and Exchange Commission has opened a preliminary investigation into the issues surrounding Archegos Capital Management, sources reported to The Wall Street Journal. The big American Investment Fund recently had to liquidate tens of billions of dollars in positions.
S & P 500 index 4.019,87 (+1,2%)
Dow Jones index 33.153, 21 (+0.5%)
Nasdaq Composite 13.480, 11 (+1.8%)
The euro / dollar was 1,1780. When the American stock exchanges closed on Thursday, the coin pair moved to 1,1772.
USD / JPY Yen 110.53
EUR/USD-Euro to 1,1780
EUR / JPY Yen 130,19
00: 00 Chinese markets open
00: 00 Japanese markets open
00: 00 Hong Kong markets closed
09: 00 European markets closed
14: 30 job growth and unemployment-March (US)
15: 30 Wall Street closed
15: 45 Purchasing Managers Index New York-March (USA )