PARIS (Reuters) – European scholarships ended up on Tuesday, fears around the triggering of a trade war seal while reassuring indicators were published during the session.
In Paris, the CAC 40 increased by 0.66% to 7,906.4 points, while the German Dax rose by 0.39% and the British footsia declined by 0.15%.
The Eurostoxx 50 index finished the session on an increase of 0.95%, while the FTSEUROFIT 300 scored a gain of 0.24%and that the Stoxx 600 took 0.27%.
The United States has postponed the establishment of customs duties against Canada and Mexico on Monday, moving away from the risk of the trigger for a trade war in North America.
Donald Trump maintained the increase in prices decided against Chinese imports, but the response considered moderate from Beijing also reassured the operators.
“Hope exists that President Trump only uses customs duties as a negotiation tool, rather than an essential element of economic policy. The administration has also undergone pressures from business groups and (…) It seems unlikely that the president wants to alienate key groups of his electorate and his financing base, “hope the UBS economists.
The JOLTS survey has also shown that the number of positions to be filled in the United States was lower than expected in December.
More data on the labor markets are expected this week and could confirm that the balance is more precarious than hoped by the federal reserve.
If the monthly employment report on Friday confirms this reading, the markets could reposition itself in favor of a more marked relaxation of the central bank rates, which would support risky assets despite uncertainty.
VALUES
Scor advanced by 3.8% after having reported on a 9.6% increase in reinsurance premiums on Tuesday, at 5.27 billion euros, against the background of its specialized branches and its solutions Alternatives TomTom dropped by 14% after announcing a 2% drop in its annual turnover on Tuesday to 574.4 million euros and says he expects a drop in 2025 due to the slowdown in the automotive market in the world.
Siltronic, a German supplier of materials for semiconductors, announced on Tuesday a 7% drop in its preliminary annual sales, and fell 8%.
Vodafone abandoned 7% after reporting a new deterioration in its performance in Germany, its first market, as its third tax quarter.
UBS declined by 6.7% despite a net profit superior to expectations, the extent of the share buyback program that has disappointed.
Infineon jumped 10.4% after revised on the rise on turnover for the whole year on Tuesday.
Dassault Systems posted an annual turnover slightly above analysts on Tuesday, citing the good performance of its software branch, and took 8.5%.
A Wall Street
Wall Street is progressing clearly, the markets greeting the latest indicators that hoped for a drop in Fed rates.
At the time of the closing in Europe, exchanges on the New York Stock Exchange indicated an increase of 0.22% for the Dow Jones, against 0.71% for the Standard & Poor’s 500, and 1.29% for the Nasdaq Composite.
Changes
The dollar continues to fall back, the risks of a trade war moving away.
The dollar fell 0.86% against a basket of reference currencies, the euro rises from 0.3% to 1.0375 dollars, and the pound sterling firms from 0.24% to $ 1.248.
RATE
Short yields, more sensitive to interest rate expectations, fell back to the United States after the latest indicators published across the Atlantic.
At the time of the closing in Europe, the yield of Treasury at ten years declines from 1.4 pb to 4.5287%, while the two -year title yield abandons 4.1 pb to 4.2241%.
The yield of the ten years German remained stable at 2.394%, that of the rate at two years earned 2 bp to 2.058%.
OIL
The barrel hesitates despite lower worries around trade tensions, the OPEC that can strengthen its production from April.
Brent increased by 0.22% to $ 76.13 a barrel, the American light crude (West Texas Intermediate, WTI) weakens -, 56% to 72.75 dollars.
To be continued Wednesday:
(Written by Corentin Chappron, edited by Kate Entringer)
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