United

Optimism

<p>On this Whit Monday, the Paris Stock Exchange should open slightly higher, supported by a wave of optimism in Asian markets and expectations of monetary policy easing. Meanwhile, gold and copper are reaching historic levels.</p>
<h2 id="h-an-apparent-calm-but-movements-behind-the-scenes">An apparent calm, but movements behind the scenes</h2>
<p>Despite the absence of significant statistics on this holiday, the CAC 40 should gain a few points, driven by hopes of interest rate cuts in Europe and the United States.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Asian markets are also moving into positive territory, reassured by China’s measures to address the difficulties of its <a href="https://www.cointribune.com/en/finance-toxic-debt-threatens-the-commercial-real-estate-sector/" target="_blank" rel="noopener noreferrer nofollow">real estate sector</a>, though their extent still raises questions.</p>
<p>The record reached on Friday by the Dow Jones index, which closed above 40,000 points, is another support factor for the trend. Optimism about the easing of the U.S. Federal Reserve’s (Fed) monetary policy has propelled the price of gold to an unprecedented level this morning.</p>
<p>“<em>We maintain our scenario that the Fed will reduce its key rates by 50 basis points this year, and will proceed with further cuts in 2025 and 2026</em>“, <a href="https://investir.lesechos.fr/marches-indices/les-points-bourse/petite-hausse-en-vue-a-la-bourse-de-paris-ouverte-en-ce-jour-ferie-lor-et-le-cuivre-atteignent-des-niveaux-record-2095684" target="_blank" rel="noopener noreferrer nofollow">stresses</a> Solita Marcelli, strategist at UBS Global Wealth Management.</p>
<p>Investors will be closely watching the interventions of several Fed officials this week, including the highly anticipated speech by Governor Christopher Waller on Tuesday, which is expected to specifically address U.S. economic prospects and the direction of monetary policy.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Buy your crypto with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-copper-soars-sign-of-booming-demand">Copper soars, sign of booming demand</h2>
<p>On the London Metal Exchange, copper futures surged more than 4% at the start of the session, surpassing the $11,000 per ton mark and setting a new record.</p>
<p>This metal, essential for the energy transition, is amplifying a recovery that has lasted for months, fueled by concerns of insufficient supply amid soaring demand, particularly in green industries such as electric vehicles and renewable energy infrastructures.</p>
<p>Investors will also keep an eye on economic indicators from the eurozone, seeking signals that support expectations of a rate cut by the ECB in June. Preliminary PMI survey results for Germany, France, and the eurozone, expected on Thursday, will be particularly monitored.</p>
<p>Although Whit Monday is generally quiet on the statistical front, the Paris Stock Exchange should benefit from the positive momentum in Asian markets and expectations of monetary easing. The surge in gold and copper prices reflects the strong demand and persistent concerns about supply, factors that are likely to continue influencing the trend in the coming sessions.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

The Paris stock exchange opens with fanfare, driven by the fever of gold and copper

Table of Contents

Cointribune EN

Other articles published on May 20, 2024

Top Airdrops in May 2024: How NOT & DRIFT, Are Revolutionizing the Crypto Market

How to buy Bitcoin in Switzerland

ALGO and VeChain Print Bullish Signals, Crypto Community Expects 20x or 30x Gains for VET as Altc...

Why Bitcoin’s bull run is not over yet, according to key signals

Bitcoin Retail Investors Are Dumping Amid Jump To $67,000, Why This Is Good For Price

According to Onchain Data, Whales Started Accumulating This Altcoin!

Join our free newsletter for daily crypto updates!