by Claude Chendjou

PARIS (Reuters)-Wall Street is expected to decrease slightly on Thursday and European scholarships hesitate at mid-session, caution being back before the publication of a new inflation indicator in the United States, while Ukraine and customs duties remain a subject of concern.

Futures in New York indices report an opening of Wall Street down 0.08% for the Dow Jones, 0.16% for Standard & Poor’s 500 and 0.30% for NASDAQ.

In Paris, CAC 40 nibbles 0.04% to 7,991.87 points around 11:20 a.m. GMT. In Frankfurt, the Dax refused by 0.13% with the values ​​related to the automobile. In London, the FTSE takes 0.25%.

The pan -European FTSEUROFirst 300 index increased by 0.39%, while the Eurostoxx 50 in the euro zone fell by 0.09%. The STOXX 600, which ended the end of four withdrawal sessions on Wednesday, advances by 0.26%, pulled mainly by the defensive health sector (+1.05%), while that of the automobile (-1.06%) weighs.

The Consumer Price Index (ICC) in the United States, released on Wednesday in February for the month of February, temporarily reassured Wall Street while investors continue to fear the second round effects of customs duties desired by the American president, Donald Trump. The market now awaits at 12:30 p.m. GMT the publication of the production price index (PPI), with the hope of a new lull on this front while the American Federal Reserve (Fed) meets on March 19.

“The markets are still under the influence of Trump’s customs tariffs and concerns about American growth,” notes Mohit Kumar, chief economist at Jefferies.

“Beyond the impact of customs duties on growth and inflation, they create an uncertainty which is negative for the investment and the prospects of any business involved in cross-border exchanges,” he adds.

Geopolitically, Steve Witkoff, emissary of President Donald Trump, arrived in Moscow on Thursday where talks could start on the American ceasefire proposal in Ukraine, according to TASS.

But for the time being, Russian president, Vladimir Putin, has not reacted to this initiative, while Russian television showed it on Wednesday in military clothes visiting in the Russian region of Koursk, target of an offensive of Ukrainian forces last August.

The values ​​to follow at Wall Street

Adobe abandoned 4.5% in a forefoot. The Photoshop publisher announced Wednesday evening planning a turnover of 5.77 to 5.82 billion dollars for the second quarter of its fiscal year, a forecast deemed disappointing.

Values ​​in Europe

Daimler Truck fell 4.93%, Volvo by 1.87% and 2.18% trattre while the Trump administration decided to cancel a certain number of rules on polluting emissions from vehicles adopted by the Biden administration. According to analysts, the heavyweight sector was likely to benefit from high demand before the entry into force of these rules, which is no longer the case.

Hugo Boss takes 1.97% after saying Thursday expecting 2025 sales to be at the same level as those of the previous year.

Deliveroo fell 5.21%, the British meal delivery specialist who disappointed with lower than expected prospects.

Mersen abandons 5.73% while the group said that its first half will be lower than the second.

RATE

The yield of the German Bund at ten years takes 1.6 base points, at 2.905%, after having touched a summit of 17 months to 2.938%, while the German Parliament began to discuss the special fund and the reform of the “debt brake”, projects providing for a massive increase in expenses. 4.3374%, before the publication of the PPI.

Changes

The euro, although down 0.17% to 1.0869 dollars, remains close to the five -month summit reached earlier this week.

“If budgetary measures (in Germany) are implemented, the markets expect higher growth in Germany but also in the euro zone, because Germany is obviously the main economy (of the block)”, underlines Michael Pfister, Changes Analyst at Commerzbank.

The dollar increased by 0.11% against a basket of international currencies.

OIL

Oil prices are practically stable Thursday after a leap the day before linked to a larger drop than expected of petrol stocks in the United States.

The Brent refused 0.27% to $ 70.76 per barrel and the American light crude (West Texas Intermediate, WTI) from 0.34% to 67.44 dollars.

Metal

Gold continues to rise Thursday, for the third consecutive session, taking 0.41% to 2.944.20 dollars, which brings it closer to the February 24 record at 2,956.15 dollars.

(Written by Claude Chendjou, edited by Kate Entringer)

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