by Diana Mandia

(Reuters) – Wall Street is expected up on Monday and European scholarships are progressing with caution at mid -session, while investors digest Donald Trump’s latest announcements on customs prices and are waiting for more details on the tenant of the White House.

Futures in New York indices report an opening of Wall Street up 0.38% for the Dow Jones, 0.45% for Standard & Poor’s-500 and 0.69% for NASDAQ, while Investors are rather concentrating on a new week of results. In Paris, the CAC 40 earns 0.22% at 7,990.74 points around 11:55 a.m. GMT. In Frankfurt, the Dax advances 0.21% and in London, the FTSE 100 increased by 0.60%.

The Eurostoxx 50 index is up 0.35%, the FTSEUROFRST 300 wins 0.34%and the Stoxx 600 takes 0.38%.

Investors keep their composure on Monday despite the risks of a major trade war after US President Donald Trump said on Sunday that he would impose additional customs duties of 25% on all steel and aluminum imports In the United States, which could bring a blow to the European sector as well as to the main importing countries such as Canada, Brazil and Mexico.

The European Commission said on Monday that the block would respond to customs duties but that no measure would be taken before having detailed or written clarification on this file. Canada will also not react to the announcement before having more information or learning of a decree of the American president, a government source in Ottawa told Reuters on Sunday.

Trump must also announce the same week the application of so -called reciprocal customs duties for all countries.

According to Chris Turner, analyst at ING, uncertainty about nature, calendar and the scale of American customs duties should maintain the dollar at a high level this week.

“It is not certain that the last customs of customs on steel and aluminum imposed by Donald Trump constitute a negotiation strategy which he could revise downwards after all, if they are applied , they will also harm in the United States, given their dependence on imports of steel and aluminum from Canada and Mexico, which are the main suppliers of these metals in the United States, ” Menon, analyst at OCBC in Singapore.

Beyond the threats weighing on trade, the markets are preparing for a week rich in key macroeconomic data, including CPI inflation in the United States on Wednesday, as well as a new salvo of business results, including Kering , Hermès, Barclays and Nestlé in Europe, and McDonald’s, Coca Cola and Cisco in the United States.

The values ​​to follow at Wall Street

The actions of American steel and aluminum manufacturers such as Nucor, Steel Dynamics or Alcaa, climb on Monday in the trade in pre-bour-over after the announcements of President Donald Trump on additional customs duties of 25% on all imports steel and aluminum in the United States.

Values ​​in Europe

The shares of European steel industry, which represent approximately 15% of American imports, fell on Monday, with ArcelorMittal, losing 1.8% and Vestalpine 1.2%. Thyssenkrupp, of which approximately 5% of annual production is exported to the United States, lost 0.44%.

In Paris, GTT fell by 4.9% after announcing the resignation its director general and the launch of a process of selecting a successor, the naval engineering group also declaring that the conduct of a strategic review at the Seast of its subsidiary Elogen could lead to the abolition of a hundred positions.

Carmat, who announced that he had crossed the course of 100 establishments of his artificial heart Aeson, takes 6%.

Elsewhere in Europe, BP climbs to the London Stock Exchange (6.8%) after an equity equity in the Elliott Management Activist Fund which could put pressure for a change in strategy and governance. The oil and gas sector index takes 1.3% in its wake.

Nokia, who announced on Monday the next departure of its president and CEO, Pekka Lundmark, advances by 2%.

RATE

The yields of the Euro zone bonds have been rather stable on Monday at their lowest level for five weeks, analysts estimating that the customs duties imposed on European countries will have a greater impact on exports of the continent that the inflationary effect of any retaliation measures.

The yield of the German Bund at ten years changes to 2.3790% and that of its counterpart at two years to 2,0,500%.

In the United States, the yield of Treasuries at ten years has a gain of 1.2 basic points at 4.4988%. The two years rises slightly to 4.2831%.

Changes The dollar is up with war fears while the euro remains at a level close to its two years lower.

The dollar earns 0.14% against a basket of reference currencies, while the European currency fell 0.01% to 1.0326 dollars.

OIL

Oil prices are increasing on Monday after the week’s decreases, and while investors digest the last announcements of Donald Trump concerning the threats of customs prices.

Brent took 1.17% at $ 75.53 a barrel and the American light crude (West Texas Intermediate, WTI) 1.23% at 71.87 dollars.

No major economic indicator at the agenda of February 10

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Augustin Turpin)

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