PARIS (Reuters) – European scholarships finished without management on Thursday, investors worrying about pricing threats brandished by Donald Trump, while the next German elections encourage caution.

In Paris, the CAC 40 increased by 0.15% to 8,122.58 points, while the German Dax fell 0.41% and the British footsie declined by 0.57%.

The Eurostoxx 50 index finished the session on an increase of 0.03%, while the FTSEUROFIT 300 scored a loss of 0.26%and the Stoxx 600 of 0.18%.

Donald Trump spoke on Wednesday the establishment of new customs duties “by next month”, which would target imports of wood, cars, semiconductors and pharmaceutical products.

The markets remain shared on the importance to be given to the declarations of the American president, between simple tools of negotiations and the first skirmishes of a world trade war.

In addition, anticipated legislative elections are held in Germany on Sunday after the collaps of Chancellor Olaf Scholz.

The markets hope for a relaxation of German budgetary rules by the next coalition, which would support activity in Germany and in the euro zone.

The place that the far -right AFD party will obsess could however complicate the formation of a government and hamper the implementation of reforms.

VALUES

Carrefour dropped on Thursday by 9.5% after having unveiled results on Wednesday for 2024, considered rather mixed by analysts and forecasts for 2025 lower than expectations on profitability and distribution.

Schneider Electric announced Thursday to anticipate a higher than expected increase in its beneficiary margin for 2025 after having exceeded expectations in terms of turnover in the last quarter last year, and has strengthened by 3.6%.

ADP collapsed by 7.5% after reporting a strong decline in its net profit last year, at 342 million euros.

Tikehau Capital reported a record net collection Thursday in 2024 euros of seven billion euros, notably carried by the expansion of the international investor base, and advanced by 4%.

Covivio reported a recurring net profit on Wednesday above its annual objectives and took 3.6%.

Verallia reported annual results on Wednesday in a difficult market context, and lost 4.2%.

Insurer Aegon unscrewed 9.5% after its 2024 results, deemed disappointing by investors.

NN Group posted results over expectations on Thursday, the largest Dutch insurer citing favorable commercial developments in its local non-life insurance division, and earns 3.5%.

Lloyds advanced by 4.9% after reporting on a net income higher than fourth quarters on Thursday and announced an action buyback of 1.7 billion pounds.

REPSOL undertook on Thursday to increase its dividend and to buy stocks for at least 700 million euros this year and jumped 7.6%.

A Wall Street

The American clues retreat to mid-session, the markets integrating the latest announcements of Donald Trump and the bad figures of Walmart.

At the time of the closing in Europe, exchanges on the New York Stock Exchange indicated a decline of 1.3% for the Dow Jones, against 0.78% for the Standard & Poor’s 500, and 0.82% for the Nasdaq Composite.

Changes

The latest American indicators and a pace of liquidation of the Fed balance sheet which could slow down put pressure on the dollar.

The dollar fell 0.49% against a basket of reference currencies, the euro rises from 0.42% to 1.0465 dollars, and the pound sterling firms from 0.37% to $ 1.2631.

RATE

Yields fell back to the United States after a higher than expected increase in weekly unemployed inscriptions and a significant decline in the “Philly Fed” feeling.

The ten -year -old Treasury yield declines from 3.2 pb to 4.5033%, while the two -year title yield abandons 1.7 pb to 4.2572%.

The yield of the ten years German lost 1.8 pb to 2.532%, that of the rate at two years sold 2.4 pb to 2.15%.

OIL

The barrel progresses moderately in a context of high uncertainty about the balance between supply and oil demand and fallback from the dollar.

Brent increased from 0.8% to $ 76.65 a barrel, the American light crude (West Texas Intermediate, WTI) increases from $ 72.82.

(Written by Corentin Chappron, edited by Augustin Turpin)

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