by Pauline Foret
(Reuters) – European stock markets ended sharply higher on Monday although Donald Trump denied an article in the Washington Post according to which his advisers would study draft customs duties which would apply to all countries but would only concern imports reviews.
In Paris, the CAC 40 ended up 2.24% at 7,445.69 points. In Frankfurt, the Dax rose by 1.53% and in London, the FTSE 100 rose by 0.31%.
The EuroStoxx 50 index is up 2.34%, the FTSEurofirst 300 is up 0.99% and the Stoxx 600 is up 0.94%.
Earlier today, The Washington Post reported that President-elect Donald Trump’s administration was considering less aggressive tariffs than previously announced, instead focusing on sectors considered critical to the U.S. economy.
The auto and luxury sectors, which would not be among these essential sectors but which had previously been the subject of much speculation about potential tariffs, advanced considerably during the session.
The technology sector, which was already on the rise after Microsoft’s announcement of its intention to invest $80 billion in artificial intelligence, also benefited from this widespread enthusiasm.
Donald Trump’s denial, who accused the Washington Post article of “fake news”, nevertheless did not completely dampen the initial enthusiasm, the main indices ending the first “real” trading day of the year 2025 on a more than positive note.
The day was also rich in indicators, with the publication of the PMI indices in Europe and inflation in Germany, as many indices which allow investors to speculate on the course that the European Central Bank (ECB) will follow. during the coming year.
A WALL STREET
Across the Atlantic, the main indices were not disconcerted by Donald Trump’s denial of his proposed customs duties.
At closing time in Europe, the Dow Jones advanced by 0.81%, the Standard & Poor’s 500 by 1.27% and the Nasdaq Composite by 1.81%.
TODAY’S INDICATORS
Employment in France’s services sector fell for the first time in four years in December, according to a survey released Monday by S&P Global, with the figure falling to 49.3 in December from 46.9 in November and then that analysts on average expected 48.2.
In Germany, services saw a slight increase in December, standing at 51.2 against 49.3 in November and while analysts expected an average of 51. Furthermore, national inflation increased more than expected in December , advancing to 2.9% against 2.4% in November and while analysts were counting on an increase of 2.6%.
In the eurozone, the final composite purchasing managers’ index rose to 49.6 in December from 48.3 in November. This improvement does not yet allow it to pass the 50 mark, which separates growth from contraction.
In Great Britain, this index fell to 50.4 in December against 50.5 in November and while analysts were counting on 50.5.
CHANGES
The dollar recovered some of its losses but remained down Monday after the Washington Post article on customs duties.
The greenback lost 0.67% against a basket of reference currencies.
In return, the euro advances by 0.83% against the dollar to 1.0394 dollars.
RATE
American bond yields are picking up again this Monday, with long-term bonds exceeding the 4.6% mark after information from the Washington Post.
The yield on ten-year Treasuries gained 2.5 basis points to 4.6198%, and two-year Treasuries gained 1.5 basis points to 4.2641%.
OIL
Oil prices continue to rise amid increased demand amid falling temperatures on both sides of the Atlantic and speculation about the possibility of new sanctions on Iranian and Russian oil.
Brent rose 0.39% to $76.81 per barrel and American light crude (West Texas Intermediate, WTI) rose 0.35% to $74.22.
TO BE CONTINUED TUESDAY JANUARY 7:
Several indicators are expected during the day of January 7. At 8:45 a.m., Paris will publish inflation data in France for the month of December, which will be followed by those for the euro zone at 11:00 a.m.
At 4:00 p.m., Washington will publish the ISM services indicator for the month of December as well as the JOLT survey on job openings for the month of November.
(Writing by Pauline Foret, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
