PARIS (Reuters) – The main European scholarships are expected to fall back on Tuesday at the opening, the markets positioning themselves with caution before many data, while the geopolitical situation remains uncertain.

The term contracts suggest an opening down 0.28% for the Parisian CAC 40, against 0.21% for the FTSE in London, 0.32% for the Dax in Frankfurt, and 0.37% for the Stoxx 600 .

In the euro zone, GDP in Germany in the fourth quarter published Tuesday confirmed the slowdown in activity across the Rhine, while French GDP will be published on Friday. Inflation in the first two economies in the euro zone for February is also expected on Friday.

S&P 500 will also see the credit note for France on Friday after the fence.

In the United States, the second estimate of GDP in the fourth quarter Thursday and PCE inflation Friday for January will animate the exchanges.

But the operators will focus mainly on the quarterly results of Nvidia, which represents 6% of the capitalization of the S&P 500.

To caution preceding these publications are added the surprises and quasi-quota ads from the American administration.

First of all, favorable to Donald Trump, the markets are starting to worry about the statements of the American president.

“The honeymoon seems to be consumed and the ‘Trump Trade’ now has lead in the wing on the markets. Strong trade uncertainties weigh on the feeling of American companies, and the number of words of the word ‘tarrifs’ in publications Quarterry of companies has never been so high since 2018, “said Alexandre Baradez, responsible for market analysis at IG France.

The values ​​to follow:

A Wall Street

The New York Stock Exchange ended on a negative note on Monday, the technological values ​​weighing on the trend before the publication of the quarterly results of Nvidia, giant of a sector of artificial intelligence in the grip of uncertainties regarding the continuation of its growth Great.

The Dow Jones index finished on a modest gain of 0.08%, or 33.19 points, at 43,461.21 points.

The S&P-500, broader and main reference of investors, lost 29.88 points, or 0.50%, to 5,983.25 points.

The Nasdaq Composite, with a strong technological component, fell for its part of 237.08 points (1.21%) to 19,286.93 points.

NVIDIA was the main contributor to the drop in S & P-500 with a decline of 3.1% while Broadcom lost 4.9% and Amazon 1.8%.

In Asia

The Tokyo Stock Exchange has finished withdrawing in the wake of Wall Street and under pressure from a yen who lived in his highest since December against the dollar. The Nikkei index lost 1.39% to 38,237.79 points. The broader Topix sold 0.43% to 2,724.70 points.

The technology fell, Advantest and Tokyo Electron abandoning 6.6% and 4.7% respectively.

The Chinese indices fell back, worried about Sino-American tensions and on profit in the technology sector. The Hong Kong Hang Seng index declines 1.58%, the SSE Composite of Shanghai fell 0.8%, the CSI 300 of 1.11%.

RATE

American yields are eroding in an uncertain context.

The ten -year -old Treasury yield declines from 2.2 pb to 4.3713%, while the two -year title yield abandons 2.2 pb to 4.1456%.

The yield of German ten years is strengthening from 2.3 bp to 2.493%, that of the rate at two years is stable at 2.093%.

Changes

The exchange markets vary little in the absence of catalysts.

In Asia, the yen advances 0.09% to 149.57 yen for a dollar, the Australian dollar yields 0.03% to 0.6346 dollars.

The dollar earns 0.07% against a basket of reference currencies, the euro rises from 0.04% to 1.047 dollars, and the pound sterling firms from 0.01% to $ 1.2625.

OIL

Brut is increasing, the markets concerning the impact on the supply of new American sanctions, imposed on Monday on thirty brokers and carriers helping Iran to export its oil.

Brent increased by 0.35% to $ 75.04 per barrel, the American light crude (West Texas Intermediate, WTI) is increased from 0.45% to $ 71.02.

Main economic indicator at the agenda of February 25:

Pays GMT indicator previous consensus period

US 3:00 p.m. Consumer confidence February 102.5 104.1

(Written by Corentin Chappron, edited by Kate Entringer)

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