Global financial markets were mixed on Friday, reflecting a variety of US economic indicators and in anticipation of upcoming central bank meetings. While the Paris Bourse maintained its positive trend, with the Cac 40 up, US indices were marked by declines. Against this backdrop, uncertainties remain over future monetary policy.
International financial markets are showing divergent trends this Friday, influenced by a series of contrasting US indicators and in anticipation of imminent central bank meetings around the world.
The Paris Bourse remains on course at the end of the week, showing a positive trend. Shortly after 3 p.m., the CAC 40 advanced by 0.43%, closing in on the 8,200-point threshold. This performance was part of a predominantly “green” week, the fifth of the last six.
Over the week, the leading index gained 2%, taking its monthly gain to 3.3% and its year-to-date advance to 8.6%.
At the opening, Frankfurt gained 0.34% and Milan 0.68%. In Zurich, on the other hand, the SMI lost 0.10%.
US stock markets timid
In New York, the main indices lost ground, with declines ranging from 0.3% to 0.6%. At around 1.40pm, the S&P 500 was down 0.53%, the Nasdaq 0.84% and the Dow Jones 0.10%. Investors were paying close attention to the release of the US consumer confidence index, which fell to 74.5 points in March from 76.9 in February.
Bond market interest rates remained stable in Europe and the United States, but rose sharply over the week. In the U.S., the interest rate on U.S. bonds stood at 4.31%, compared with 4.07% the previous week, while the German equivalent reached 2.44%, compared with 2.27% previously.
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