By Pauline Foret

(Reuters) – European scholarships finished in dispersed order on Friday, the CAC 40 taking advantage of the increase in the luxury sector while the footsia is sealed by the increase in the pound sterling likely to curb companies focused on export.

In Paris, the CAC 40 ended up 0.44% to 7,927.62 points around 4:47 p.m. GMT. In Frankfurt, the Dax closed on a decline of 0.12% and in London, the FTSE 100 on a drop of 0.73%.

The Eurostoxx 50 index finished stable, the FTSEUROFIRST 300 down 0.07% and the Stoxx 600 down 0.06%.

The stoxx 600 affected a record earlier in session, carried by the luxury sector in the wake of the increase in Burberry, an increase which particularly benefited CAC 40, the index containing the most big names in luxury in Europe .

The Pan-European index won 1.6% over the week and is about to finish its fifth weekly increase, investors enjoying the possibility that Donald Trump is not as severe as expected in matters of customs duties .

The American president notably declared during an interview on Fox News having had a “friendly” conversation with Xi Jinping, allowing the markets to release part of the tension caused by the specter of a trade war.

On the indicators side, the economy of the euro zone started 2025 with a modest return to growth, according to a survey published on Friday. This data precedes the meeting of the European Central Bank for a few days next week, during which the European Monetary Authority is expected to make a further drop in its guiding rates.

VALUES

Burberry flew by 9.25%after its results in the third quarter, carrying with it the European luxury sector (+1.05%) and values ​​such as LVMH (+1.32%), Kering (+3 , 8%) or Moncler (3.19%).

The sectors strongly exposed to China also climb after Donald Trump’s latest statements in the friendly tone of his conversation with Xi Jinping.

The automotive sector is advancing 1.22% and that of basic resources of 1.35%.

Among the losers of the session, Ericsson sold 12.56% after having reported an adjusted operational profit below expectations in the fourth quarter.

A Wall Street

Across the Atlantic, the main clues rose red at the time of the fence in Europe after starting the session on a prudent note. The Dow Jones gives up 0.12%, the Standard & Poor’s 500 is stable and the Nasdaq fell 0.11%.

On the values ​​side, Boeing loses 0.6% after warning that his loss in the fourth quarter would reach $ 4 billion (3.81 billion euros), a loss of $ 5.46 per share while analysts were tabling on a loss of $ 1.84 per share.

The indicators of the day

In the euro zone, stabilization of the activity of the services in January was supplemented by an attenuation of the long -term slowdown in the manufacturing industry.

In Germany, the activity of the private sector stabilized in January, marking the end of a six -month contraction, the growth of services compensating for the continuous decline in manufacturing production.

In the United States, manufacturing activity improved faster than scheduled in January, while that of services slowed down stronger than expected.

On the moral side of consumers, the final figures for the University of Michigan survey fell 2.1 points compared to the preliminary results.

Changes

The dollar fell against the Euro, the Yen and the Yuan after Donald Trump’s remarks on his conversation with Xi Jinping and the increase in interest rates decided by the Bank of Japan.

The greenback drops 0.70% against a basket of reference currencies, while the euro climbed 0.94% to 1.0513 dollars.

The Sterling book advances 1.11% against the dollar and 0.24% against the euro.

RATE

US bond yields are retreating somewhat after the latest American macroeconomic indicators and pending clarity as to Donald Trump’s future policies in matters of customs duties.

The yield of ten -year -old Treasuries gives 2 base points (PB) to 4.6174%, and the two years 3.6 BP at 4.2485%.

The yield of the German Bund at ten years grabbed 0.1 pb to 2.5460%, while the two years climbed from 0.7 pb to 2.2970%.

OIL

The crude lessons stabilize but remain on the way to finishing on a weekly withdrawal after Donald Trump announced his plans in order to encourage American production and asked OPEC to make prices retreat.

The Brent is almost stable at $ 78.34 per barrel while the American light crude (West Texas Intermediate, WTI) yields 0.2% to 74.47 dollars.

To be continued Monday, January 27:

Next week will be rich in indicators, political events and business results, including the publications of American “Megacaps” and the monetary decision of the European Central Bank expected Thursday, January 30.

(Some data may accuse a slight offset)

(Written by Pauline Foret, edited by Kate Entringer)

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