The mid-week session of the majority of the world’s stock markets began with restraint this Wednesday, January 3, 2024, the date on which European markets still enjoy blue figures due to the shock wave of enthusiasm shown by shareholders at the end of the year past.
However, according to the Reuters agency, investors are waiting for new indicators that can set the tone for what will be this new global exercise, in which gold reached historical highs and oil barely exceeds US$70 per barrel. .
Thus, the pan-European STOXX 600 index remained stable at 0810 GMT, after starting the first trading session of the new year on a moderate note on Tuesday. The index gained 12.7% in 2023 on rising expectations of interest rate cuts.
Investors will closely monitor Germany’s unemployment data and Switzerland’s PMI for December, while attention would turn to a key U.S. jobs report and minutes from the Federal Reserve’s December policy meeting.
Maersk (CSE:MAERSKa) shares rose 4.2% after Goldman Sachs (NYSE:GS) upgraded the shipping company’s stock to “neutral” from “sell,” citing a boost from rising freight rates in the face of disruptions in the Red Sea.
French IT company Atos added 3.1% after announcing due diligence talks with Airbus (EPA:AIR) on the sale of its big data and security unit.
Computer chip equipment maker ASML (AS:ASML) fell 1.3% for the second day in a row after the Dutch government partially revoked an export permit for some shipments to China.
Source: Larepublica
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