By Pauline Foret
(Reuters) – European scholarships finished down on Friday, investors showing up in the face of the possibility of a world tariff war and its potential economic benefits.
In Paris, the CAC 40 finished on a decline of 0.63% to 8,042.95 points. The British Footsie closed on a drop of 0.63% and the German Dax by 0.47%.
The Eurostoxx 50 index lost 0.41%, the FTSEURofirst 300 0.55%and the Stoxx 600 0.55%.
After a week in charge in which the Federal Reserve, the Bank of Japan and the Bank of England left their guiding rates unchanged against the backdrop of fears of a trade war, investors are delaying.
The attention of the markets is now turning to “reciprocal” customs duties promised by Donald Trump against countries with taxes on American imports, rights supposed to enter into force on April 2.
The resumption of Israeli bombings in the Gaza Strip and the latest developments in the war in Ukraine fuel general concern, adding to macroeconomic uncertainty and pushing investors to turn to refuge assets.
VALUES
The session was marked by the closure, this Friday, of London-Heathrow airport after a fire in an electrical substation caused a power outage.
The pan-European trips and leisure index lost 1.89%, largely sealed by IAG airlines (-2.8%), Lufthansa (-2.13%), Ryanair (-2.33%) and Easyjet (-1%).
To individual values, Beneteau dropped more than 11% following annual results in decline and gloomy forecasts for 2025.
The German group Fuchs lost 7.21%, red lantern of the STOXX 600 after anticipating an operating profit below the expectations of analysts for 2025.
A Wall Street
Across the Atlantic, the main clues are straightened somewhat but remain in red in the face of macroeconomic uncertainties.
At the time of the fence in Europe, the Dow Jones lost 0.25%, the Standard & Poor’s 500 0.37%and the NASDAQ 0.11%.
On the values ​​side, Boeing takes 4.18% after being awarded by Donald Trump the contract for the construction of the F-47, the most sophisticated hunter to date in the American Air Force.
Fedex loses 8.5% after lowering his profit forecasts by action, citing his lack of confidence in the future of the global economy.
Nike yields almost 6% after warning Thursday that its sales could drop more than expected in the fourth quarter.
The indicators of the day
In France, the business climate in the industry fell more than expected in March, while in the euro zone, consumer confidence also displayed a surprise decline while analysts were tabling on an improvement.
Changes
The dollar is strengthening against the euro Friday as the deadline approach proposed by Donald Trump for the taxation of so -called “reciprocal” customs duties.
The greenback thus takes 0.27% against a basket of reference currencies, while the single currency fell 0.32% to 1.0816 dollars.
RATE
US bond yields are retreating on Friday while investors are trying to assess the potential economic benefits of a tariff war and the possibility that the Fed maintains its current rates.
The yield of ten -year -old Treasuries gave 1.3 bp to 4.2462%, while the two years fell 2.0 pb to 3.9375%.
The yield of the German Bund reacted little to approval by the Bundesrat, the upper chamber of the German parliament, from the reform of the constitutional brake to debt which will allow the first economy of Europe to increase its federal expenses for the defense. From now on, the question is how and in what scale these expenses will be made.
The ten years lost 1.3 pb to 2.7,6660% and the two years displays 3.6 pb to 2.1340%.
OIL
The crude lessons are advancing somewhat and are about to close on a weekly gain for the second consecutive week, the last American sanctions against Iran and the last production plans of OPEC+ having exacerbated the expectations of a drop in supply.
Brent took 0.07% at 72.04 dollars per barrel and American brut (West Texas Intermediate, WTI) 0.24% at 68.23 dollars.
To follow the week of:
The week will be rich in economic indicators, with in particular the PMIs of services scheduled for Monday and the highly anticipated PCE inflation in the United States on Friday.
See also:
The situation on the markets
(Some data may accuse a slight offset)
(Written by Pauline Foret)
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