by Claude Chendjou

PARIS (Reuters) – The main European scholarships, apart from London, finished in the red on Thursday and in Wall Street was also in falling mid -session after the American president, Donald Trump threatened to impose customs duties on alcoholic products from the European Union (EU), a little more accentuating the risk of a world trade war.

In Paris, the CAC 40 ended with a loss of 0.64% to 7,938.21 points. The German Dax reflected 0.63%. The British Footsie stood out by snacking 0.02%, supported by the defensive health sector.

The Eurostoxx 50 index lost 0.62%, the FTSEURofirst 300 0.20%and the Stoxx 600 0.19%.

At the time of the fence in Europe, the Dow Jones fell by 1.28%, the Standard & Poor’s 500 of 1.36%and the Nasdaq by 1.91%. The majority of major sectors at Wall Street are in red: the compartment of discretionary consumption (-2.91%) and that of communication services (-2.49%) accusing among the strongest decreases.

Speaking on his Truth Social network, Donald Trump said Thursday that the United States would impose 200% customs duties on European Union (EU) wines (EU) if the twenty-seven do not give up their surcharge on Bourbon. The EU announced on Wednesday to impose customs duties on 26 billion euros in American products from April in response to American customs duties of 25% on steel and aluminum.

“He (Donald Trump) especially does not want to pass for a weakness. He is his nightmare,” says Teeuwe Mevissen, market economist at Rabobank, noting that the White House tenant shows that he is ready to intensify the trade war.

Chaos around the implementation of customs duties imposed by Donald Trump has generated extreme volatility in the financial markets in the world, analysts fearing that uncertainties linked to these surcharges weigh on economic growth.

Geopolitically, Russian President Vladimir Putin said on Thursday that Russia agreed with American proposals on an end of fighting in Ukraine but that a cease-fire agreement should lead to lasting peace and eradicate the profound causes of the conflict. Donald Trumpde his side estimated that Vladimir Putin had made a very promising but incomplete statement.

Values ​​in Europe

French spirits groups accused the last threats of Donald Trump: Pernod Ricard lost 3.97%and Rémy Cointreau 4.67%, while LVMH, owner of Cognac Hennessy and Champagne Moët & Chandon, fell by 1.11%.

Daimler Truck dropped by 4.44%, Volvo by 2.25% and 2.62% trattre with the question by the Trump administration of the rules on polluting emissions of vehicles which were to boost the request before their entry into force. Stellantis and Valeo lost 2.42% and 6.43% respectively.

Hugo Boss declined by 2.42%, the group anticipating stagnation of its sales this year.

Deliveroo fell 4.09%, the British meal delivery specialist who disappointed with lower than expected prospects.

Novo Nordisk won 3.43% with the recovery of the recommendation of Kepler Cheuvreux to “keep” to “buy” on the Danish pharmaceutical group.

Mersen plunged 9.72% while the group said that its first half would be lower than the second.

The indicators of the day

Production prices growth (PPI) in the United States slowed down more strongly than expected in February, at 3.2% after +3.7% in January, show statistics from the Labor Department.

Unemployed registration in the United States last week to 220,000 against 222,000 (revised) last week the previous week, according to the Department of Labor.

Industrial production in the euro zone has advanced more than expected over one month in January, displaying an increase of 0.8%, show Eurostat data.

Changes

Despite the rush to the refuge currencies, the euro is maintained at a five -month summit, appearing at 1.0868 dollars, while the trade in the debate on spending in Germany.

The US dollar increased by 0.14% against a basket of international currencies.

The Sterling book is exchanged at 1.2,950 dollars, down 0.08%.

RATE

The sovereign yields in the euro zone were volatile, that of the German Bund at ten years having finished down 3.5 base points, to 2.855%, after climbing at a 17 -month summit, to 2.938%. The German Parliament began the debate on the special fund of 500 billion euros and the reform of the “debt brake”. The yield of American treasury bills is practically stable, at 4.3046%, after the latest inflation figures while the Fed meets next week.

OIL

Economic concerns and raw supply and demand forecasts make oil prices back down: Brent flexes 0.94% to $ 70.28 a barrel and the American light crude (West Texas Intermediate, WTI) declines 1.18% to 66.87 dollars.

Metal

Gold, active refuge, continues to appreciate, taking 1.68% at $ 2.981 an ounce, after having signed a record at 2,982.37 dollars on the background of economic uncertainty.

(Written by Claude Chendjou, edited by Augustin Turpin)

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