By Pauline Foret
(Reuters) – European scholarships finished down on Friday, concerns about global economic growth, winning it after the last twists and turns in the field of American customs policy.
In Paris, the CAC 40 finished down 0.94% to 8,120.80 points. The British footsia closed on a decline of 0.03% and the German Dax of 1.75%.
The Eurostoxx 50 index ended up 1.01%, the FTSEUROFITS 300 from 0.47%and the Stoxx 600 of 0.38%.
The European scholarships stayed on the alert all week, suspended from the various Donald Trump decisions in terms of commercial policy, which returned Thursday to part of its customs duties imposed in Canada and Mexico barely a few days earlier.
“We are not only faced with the fact that we do not know what the future has in store for us, we also clearly know what could happen in 24 hours,” noted Chris Beauchamp, chief market analyst at IG Group.
The president of the European Central Bank (ECB), Christine Lagarde, worried about it on Thursday, highlighting the uncertainty “enormous” and “omnipresent” which limits the investments of economic players after having announced a drop of 25 basic points of its main key rate.
The latest monthly American employment report also had a half-fig, half-grape in the markets, the indicator having revealed certain cracks in the US economy while Donald Trump’s customs threats have waged growth expectations.
The markets are now trying to assess the impact of this data on the future of American monetary policy while Jerome Powell has to speak around 5.30 p.m. GMT.
VALUES
The pan -European index of luxury values ​​won 2.18%, weighing heavily on the Stoxx in a context of uncertainty about the prospects of a world trade war. Richemont, Burberry and Kering lost between 3.3% and 5.4%.
The European automotive sector is also among the major losers in the session. The index sold 1.1%, leaded mainly by BMW (-3.5%) and Renault (-2.6%), which may not benefit from the changes to American customs duties on car manufacturers.
Among the individual values, Elia Group won 16.5% after its results in 2024.
A Wall Street
Across the Atlantic, the main clues dig their losses at mid-session, investors trying to assess the impact of the last monthly employment report on the future of American monetary policy.
At the time of the fence in Europe, the Dow Jones gave way 0.87%, the Standard & Poor’s 500 1.12%and the Nasdaq Composite 1.44%.
The indicators of the day
Industrial orders in Germany fell much more than scheduled in January in monthly shift, the Federal Statistical Office said on Friday. They fell 7% in January while analysts were tabling on a drop of 2.8%.
The American economy created 151,000 jobs in February after 125,000 in January, a result below the expectations of analysts who reveal certain cracks in a context of growing uncertainty around Donald Trump’s commercial and budgetary policies.
Changes
The dollar falls to a several months lower against the euro and the yen this Friday after the employment report disappointed investors.
The greenback loses 0.32% against a basket of reference currencies.
The euro takes 0.63% at $ 1.0851.
RATE
US bond yields are retreating, the latest employment data in the United States having rekindled hopes for the number of reductions in the federal reserve guiding rate in 2025.
The yield of ten -year -old Treasuries gives 3.8 pb to 4.2437% and the two years 4.2 pb to 3.9209%.
The yield of the German Bund at ten years fell from 4.9 bp to 2.8340%, the two years of 3.6 pb to 2,2,450%.
OIL
Prices of oil, growing after Russian Deputy Prime Minister Alexander Novak suggested that OPEC+ could return to its increase in production after April, are nevertheless about to close the week over a drop of more than 3% against the backdrop of concerns about the trade policy of the United States.
Brent gained 1.31% to $ 70.37 per barrel and American light crude (West Texas Intermediate, WTI) 1.15% at 67.12 dollars.
To follow the week of March 10:
The situation on the markets
(Some data may accuse a slight offset)
(Written by Pauline Foret, edited by Kate Entringer)
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