By Corentin Chappron

PARIS (Reuters) – The main European scholarships are expected in green Monday at the opening, while the United States must impose customs duties from Tuesday on imports from Mexico, Canada and China.

The term contracts suggest an opening up 0.32% for the Parisian CAC 40, against 0.57% for the FTSE in London, 0.57% for the Dax in Frankfurt, and 0.4% for the Stoxx 600.

Canadian and Mexican imports to the United States would be targeted from Tuesday by customs duties.

Howard Lungick, US Secretary to Trade, however warned on Saturday that the exact surcharge level is still necessary to be stopped by Donald Trump. The American president had promised to tax these imports up to 25%.

Chinese exports to the United States could be inflicted an additional 10%, the Global Times having announced that retaliatory measures would be taken on Wednesday if this increase was held.

Europe, targeted verbally by Donald Trump, has so far been spared.

The markets are also concerned about the weakening of the American economy, the latest data having shown a deterioration in the morale of economic actors, and the monthly report on American employment on Friday will be crucial to determine the extent of this slowdown.

In the euro zone, the final PMI indicators for February are expected from Monday, while the European Central Bank will meet on Thursday.

Supporting the feeling, two surveys for the Chinese manufacturing sector, published on Saturday and Monday, showed that the activity resumed in the industry, when the consensus awaited stagnation, even a decline.

The values ​​to follow:

A Wall Street

The New York Stock Exchange ended up sharply on Friday after a sawtooth session marked by mixed indicators on the economy and the altercation between Donald Trump and Volodimir Zelensky in the White House.

The Dow Jones index gained 1.39% to 43,840.91 points The S&P-500 1.59% to 5,954.50 points and the NASDAQ Composite 1.63% to 18,847.28 points.

In Asia

The Tokyo Stock Exchange ended up, supported by the good performance of American shares. The Nikkei index took 1.61% to 37,755 points and the broader Topix advanced 1.77% to 2,730 points.

Recruit jumped 6.2% after announcing its intention to buy up to 3.5% of its shares on Friday.

Chinese values ​​have finished withdraw in a context of customs uncertainty and despite two better feeling indicators than expected on Saturday and Monday, on the eve of the opening of the National People’s Assembly. The Hong Kong Hang Seng index declines 0.02%, the SSE Composite of Shanghai fell 0.12%, the CSI 300 of 0.02%.

RATE

The yields vary little in a context of uncertainty about the American customs duties.

Treasury’s yield at ten years is stable at 4.2348%, while the two -year title yield increased from 2.1 pb to 4.0155%.

In Europe, the yield of German ten years is strengthening from 4.9 bb to 2.437%, that of the rate at two years rises from 1.8 pb to 2.033%.

Changes

The dollar fell clearly in the face of other currencies before the implementation of customs duties in the United States.

The dollar fell 0.3% against a basket of reference currencies, the euro rises from 0.3% to 1.0406 dollars, and the pound sterling firms from 0.16% to 1.2597 dollars.

In Asia, the yen advances 0.13% to 150.41 yen for a dollar, the Australian dollar rises from 0.16% to 0.6217 dollars.

OIL

The good Chinese economic data hopes for a resumption of demand in the second economy in the world and support the course of the barrel.

Brent increased from 0.19% to $ 72.95 per barrel and American light crude (West Texas Intermediate, WTI) increases from 0.22% to $ 69.91.

(Written by Corentin Chappron, edited by Augustin Turpin)

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