(AOF) – US stock markets are expected to remain close to balance, with a positive bias. Investors hope China will ease its anti-Covid measures after several protests last weekend. These weighed on markets on Monday as investors worried about the economic fallout from the Beijing government’s zero-covid policy. Minutes before the open, S&P 500 futures fell 0.09%, while those on the Nasdaq Composite rose 0.23%.
Yesterday on Wall Street
US markets extended their losses in the second half of the session. Investors reacted negatively to protests in several Chinese cities against the government’s anti-Covid policy. They worry about the economic fallout from these recent developments, as evidenced by the weakness in oil prices. China’s situation is also punishing Apple’s iPhone Pro production. The Dow Jones lost 1.45% to 33,849.46, while the Nasdaq composite fell 1.58% to 11,049.50.
In the United States, the S&P Gas-Shiller Index, which measures the evolution of residential real estate prices in the country’s twenty major cities, rose 10.4% in September. Consensus expected a 10.8% increase after +13.1% in August.
The November Conference Board’s Consumer Confidence will be held at 4 p.m.
Values to follow
QatarEnergy and ConocoPhillips (an American multinational specializing in oil extraction, transportation and processing) signed an agreement on Tuesday to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026. The suppliers are joint ventures established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a wholly owned subsidiary of ConocoPhillips. The first delivery is planned for 2026 in Brunsbüttel, located in northern Germany.
Last night Snap announced that it had imposed a minimum of 80% of working hours on physical presence in the office for its employees from the end of February. Since the start of 2022, the company has also drastically limited the size of its teams.
The Disneyland park in Shanghai will be closed on Tuesday as part of health restrictions in China, the US group said. The closure comes four days after the park reopened its doors. The company said in a statement that the move was made in compliance with the “requirements of infection prevention and control.”
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