The European stock markets ended rather neutral on Tuesday, the markets having closed during the speech of the future Secretary of the Treasury Janet Yellen before American senators.
Read also: United States: Janet Yellen will tell the Senate that now is not the time to worry about the deficit
Paris ended up down 0.33%, Frankfurt 0.24% and London 0.11%
.
"In Europe it is totally empty,"
summarizes Frédéric Rozier, portfolio manager at Mirabaud France, interviewed by AFP.
Announcements are expected in the evening in Germany to toughen and extend restrictions related to the epidemic beyond the end of January.
On Wall Street, the trend was both more pronounced and contrasted: the Dow Jones index was down 0.57%, the S&P 500 rose 0.65% while the Nasdaq index, with a strong technological color, advanced 1.01% to 13,129.42 points.
In the debt market, sovereign yields were stable.
“Investors spent most of the day waiting for future Treasury Secretary Janet Yellen to speak, so volatility was low,” said
David Madden, analyst at CMC Markets.
“Last week, President-elect Joe Biden announced a $ 1.9 trillion economic support plan and it is understood that Ms. Yellen will tell senators that a robust fiscal response is needed to ensure that the economic recovery continues. continues in the United States, ”
he continues.
Taking the opposite view of her predecessor, Janet Yellen estimated that an international tax on digital giants, under discussion within the framework of the OECD, would allow the United States to collect a
"fair share"
from companies.
She also announced that the United States would deploy a large arsenal of tools to counter
Beijing's
“abusive”
,
“unfair”
and
“illegal” practices
.
Read also: Trade: the Biden administration will counter Beijing's "abusive" practices
Banks in arrears
The title Deutsche Bank, the first German bank (-4.01% to 9.29 euros), finished at the bottom of the table, in the wake of the decline in New York of the shares of its American rivals Goldman Sachs and Bank of America, which posted mixed results over the last quarter of 2020. In Paris, Societe Generale lost 2.39% to 16.98 euros, Crédit Agricole 2.24% to 10.05 euros and BNP Paribas 1.55 % 44.11 euros.
Entain dives, MGM throws in the towel
Entain shares fell 11.92% to 1,245.00 pence.
The American casino giant MGM gives up buying the British betting group, owner of the popular Ladbrokes brand and which had rejected an offer at 8 billion pounds.
Alstom driven by its results
Largest increase in the CAC 40, the railway manufacturer Alstom (+ 6.04% to 48.46 euros) published a turnover up 2.0% at constant scope and exchange rates, and confirmed its objectives .