by Claude Chendjou
PARIS (Reuters)-Wall Street was in green Wednesday in mid-session and European scholarships ended up with the hope of a truce in Ukraine and the publication in the United States of an encouraging inflation indicator, which partly soothes geopolitical and macroeconomic fears.
In Paris, the CAC 40 ended on a gain of 0.59% at 7,988.96 points. The British Footsie advanced by 0.41% and the German Dax increased by 1.52%.
The Eurostoxx 50 index won 0.87% and the FTSEURofirst 300 0.84%. The Stoxx 600 ended four sessions in a row in the red by taking 0.81%.
At the time of the fence in Europe, the Dow Jones fell 0.05%, the Standard & Poor’s 500 of 0.83%and the Nasdaq by 1.42%. The technological compartment, one of the most affected by recent markets on the market, bounces 2.2%.
The slowdown in consumer prices (ICC) in the United States in February, at +0.2% over a month and +2.8% over a year, allowed investors to temporarily put their concerns about customs duties that could be inflationary.
The publication Thursday from Prix to Production Prices (PPI) in the United States will be a new test while customs duties of 25% on all imports of steel and aluminum to the United States came into force this Wednesday.
“The uncertainty about customs duties and the price increases will compress the purchasing power and could worsen the weakness of the morale and the expenses of consumers,” warns Ing economists.
Goldman Sachs brought back his goal for 2025 of the S&P 500 index from 6,500 to 6,200 points, while JPMorgan now estimates the probability of a next recession in the United States.
In Europe, the American proposal for a 30-day ceasefire between Ukraine and Russia, which the latter must still approve, supported the equity markets, including the defense compartment (+%).
Values ​​in Europe
Rheinmetall, one of the main beneficiaries of the important European investment effort in defense, advanced 9.62%. The German group said he anticipated significant growth in sales this year and that he would update his prospects to take into account the situation in Ukraine.
Roche won 3.64% in favor of a partnership with Zealand Pharma (+37.89%) to co -develop a drug against obesity, the Petrelontide.
Inditex plunged 7.95% after the group’s announcement of a shy first quarter with sales up only 4%.
Puma unscrewed 19.92% due to dark perspectives and low demand in the United States and China. In its wake, JD Sports abandoned 3.16%.
Porsche sold 2.99%, the car manufacturer having warned of its 2025 profit against the backdrop of trade tensions and intensification of competition in China.
Changes
The dollar index takes 0.13% against a basket of reference currencies and is on the way to ending seven consecutive decrease sessions.
The euro grabbed 0.06% to $ 1.0,925 after having touched a five-month peak in session, at 1.0,947 dollars, while the Kremlin said on Wednesday that it is waiting for details from the United States on the Proposal of Trêve in Ukraine.
The Sterling book gained 0.25% to 1.2980 dollars, after reaching a four -month summit in session at 1.29,900 dollars.
RATE
American sovereign yields are stretched on Wednesday, concerns about a world trade war counterbalances optimism as to the slowdown in the increase in consumer prices.
“This is the last statistics in this area not affected by tariff distortions. The market therefore hesitates somewhat to react excessively to an improvement in figures,” explains Gennadiy Goldberg, rate rate at TD Securities.
The yield of American treasury bills at ten years takes 3.2 base points, at 4.322%.
That of the German Bund in the same maturity ended up on a gain of 1.8 base, at 2.889%, after having touched a summit of 17 months, at 2.931% while the probable future German Chancellor, Friedrich Merz, tried to obtain support for a massive increase in public loans.
OIL
The oil market goes up on Wednesday due to a more limited American offer, but concerns about customs duties limit gains. OPEC also maintained its forecasts for relatively strong growth in global oil demand in 2025.
Brent increased by $ 70.90 to $ 70.90 per barrel and light American crude (West Texas Intermediate, WTI) from 2.14% to 67.68 dollars.
(Some data may accuse a slight offset)
(Written by Claude Chendjou, edited by Kate Entringer)
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