Update on markets before opening in Europe The main European stock exchanges expected to open on a cautious note Monday disappointing statistics Chinas foreign trade in addition to uncertainty about the situation in Ukraine. According to preliminary information available, the CAC 40 in Paris could earn 0.1 % on opening , while the Dax in Frankfurt and the FTSE in London are expected stable. The announcement Saturday in an unexpected and sharp drop in exports Chinese in February (see : ), which tipped the balance trade in the red, fueling fears of a sharp slowdown the second world economy . It has obscured the employment figures higher than the published Friday in the United States and consensus could weigh between other values of the resource base . From a fundamental point of view, the U.S. figures have a greater impact significant market but the psychological effect of economic indicators China can not be ignored , said Koji Fukaya , President of FPG Securites in Tokyo. Ukraine , Russia has maintained throughout the weekend the pressure on Ukrainian authorities about the Crimea, where a referendum self-determination is supposed to stand next Sunday. Finally, the unexplained disappearance of a flight of Malaysia Airlines is an additional cause for concern for investors , the track terrorist is not ruled out. The Tokyo Stock Exchange ended down by 1.01% , in reaction to deemed disappointing statistics of Chinas foreign trade and uncertainties persistent on the situation in Ukraine In Shanghai, the CSI300 index lost around 3% and the MSCI Asia Pacific ex Japan was down 1.4%. On the foreign exchange market, the euro remains near its recent highs against the dollar, 1.3880 against around a pic of two and a half years 1.3915 Friday, while the yen appreciates, benefiting from its status safe haven. Oil fell , affected by the balance of trade figures Chinese : light crude is trading below 102 dollars a barrel and Brent returns to 108 dollars.
Posted on: Mon, 10 Mar 2014 08:39:21 +0000
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