PARIS (Reuters) – Wall Street is expected to fall back while European scholarships hesitate at mid -session, results of companies and customs of customs duties animating exchanges before the hearing at the Jerome Powell Congress. Futures in New York indices suggest an opening of Wall Street in the red, the Dow Jones appearing to be down 0.19%, while the Standard & Poor’s 500 declines by 0.3% and the Nasdaq of 0, 44%.

In Paris, the CAC 40 folded up from 0.03% to 8.004.09 points around 12:15 pm GMT. The Dax in Frankfurt is strengthened by 0.14%, while the FTSE in London increased by 0.03%.

The pan -European FTSEUROFIRST 300 index loses 0.02%, the Eurostoxx 50 gains 0.08%and the Stoxx 600 declines by 0.06%. Donald Trump raised customs duties on American steel and aluminum imports by 25%, measures that will take effect on March 4.

However, the American president suggested that Australia could be exempt from these customs duties, hoping for operators that the announcements of the White House first constitute negotiation levers.

A sign of the hesitation of investors, gold hit a record during the session, at 2,942.70 dollars per ounce, before retreating to 2,9401 dollars.

In all cases, an increase in prices on imported products will be inflationing and will have an impact on growth by adding the costs of inputs.

These elements could be at the heart of the hearing by the Congress of Jerome Powell, the president of the Federal Reserve, from 3:00 p.m. GMT on Tuesday.

Despite increasing uncertainty and political pressures to soften its monetary policy, the central bank has announced maintain its rates at their current levels and could repeat its message.

The mixed results also animate the exchanges in Europe and the United States, the figures of Tui or Coca-Cola having notably surprised the consensus.

The values ​​to follow at Wall Street

Dupont de Nemours noted its procurement forecasts for 2025 and beat the estimates of results of the fourth quarter on Tuesday.

Values ​​in Europe

The threats of customs duties in the United States put pressure on the raw materials sector, which displays the strongest sectoral decline in the STOXX 600, 2.3%.

Unicredit reported better results on Tuesday than expected for the year 2024 and declared to aim for a stable profit in 2025, retreating the group by 3%. Beneteau leaps by 13% after reporting on Monday with a “better than expected” result.

Tui reported an increase in his profit in the first quarter and maintained his profits forecasts for 2025 on Tuesday, but the slowdown in reservations triggered a 9.9% drop in the title. The travel sector plummets 2.2%.

Entain announced Tuesday the sudden departure of its managing director, Gavin Isaacs, after only five months at the head of the company, and falls of 10%.

Rates The yields are slightly increasing, investors positioning themselves for a more sustainably restrictive Fed posture.

The yield of the German ten years is strengthening from 5 bp to 2.411%, that of the rate at two years rises from 3.4 pb to 2.062%.

Treasury’s yield at ten years takes 3.8 pb to 4.5332%, while the two -year title yield increased from 1.9 pb to 4.2875%.

Changes The dollar is stable, shared between the uncertainties on American policy and the trajectory of the monetary policy of the Fed.

The dollar decreases 0.04% against a basket of reference currencies, the euro rises from 0.15% to 1.0321 dollars, and the Sterling book lost 0.01% to 1.2365 dollars.

OIL

The markets are concerned about the American sanctions put in place against Iranian exports and which could limit the raw offer.

Brent increased by 1.27% to $ 76.83 per barrel, the American light crude (West Texas Intermediate, WTI) is added from 1.23% to $ 73.21.

More Economic Indicators expected this day

(Written by Corentin Chappron, edited by Augustin Turpin)

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