by Claude Chendjou

PARIS (Reuters) – European scholarships finished slightly in green on Tuesday and Wall Street was practically stable in mid -session after an increase the day before linked to a possible softening of the policy of the American president, Donald Trump, in terms of customs duties.

In Paris, the CAC 40 finished on a gain of 1.08% to 8.108.59 points. The British Footsie advanced 0.30% and the German Dax increased by 1.1%.

The Eurostoxx 50 index won 1.12%, the FTSEURofirst 300 0.73%and the Stoxx 600 0.72%. The latter index was mainly pulled by energy (+0.93%) and finance (+1.21%).

At the time of the fence in Europe, the Dow Jones and the Standard & Poor’s 500 are practically in balance, while the Nasdaq grabes 0.25%.

The compartment of “utilities” (-1.77%) accuses one of the largest decreases to Wall Street, while that of oil and gas increased by 0.20%, after having touched a summit of more than three months in session.

The major American clues seem to hesitate, divided between the latest Donald Trump statements which paved the way for discounts “for many countries” on customs duties and the main economic indicator of the day.

The Conference Board monthly survey shows that consumer confidence in the United States has accused a more marked decline than expected in March, at 92.9 points after 101.1 in February.

This reflects a new deterioration in consumer morale, temperating the optimism of investors born from a possible inflection on customs duties.

The VIX index with Wall Street, considered a reliable barometer of fear, is practically stable, at around 17 points, while its European equivalent on the Eurostoxx 50 ended up with a decline of 5.47%, 17.59 points.

Values ​​in Europe

Kingfischer unscrewed by 14.08% after reporting a decline in his profit in 2024 and gloomy forecasts for 2025 in a context of low demand for more expensive products.

TUI won 2.64% after saying to target an increase in the beneficiary margin for its 3% medium -term air activities.

Kuehne und Nagel abandoned 4.42%, the Swiss logistics group warned over its annual operating profit due to global economic uncertainty.

Baloise took 4.14% after announcing a jump of 60.6% of its profit in 2024. The insurance index was sold 1.28%.

The indicators of the day

The morale of German entrepreneurs progressed as planned in March, with an IFO index at 86.7 after 85.2 in February, carried by the hope of an economic recovery after two years of contraction.

Changes

The dollar fell 0.15% in the face of a basket of reference currencies, the traders being cautious after five consecutive sessions of gains in the index in the face of customs duties which should come into force on April 2.

The euro advances 0.08%, to 1.0810 dollars, after falling in session at 1.077 dollars, its lowest level since March 6.

The Sterling book is exchanged at 1.2953 dollars (+0.26%) on the eve of the British finance minister’s speech, Rachel Reeves, on the 2025 budget.

RATE

The yield of American treasury bills at ten years old, with 3.1 basic points with 4.299%, is under pressure from the indicator of the confidence of the American consumer and the always uncertain economic prospects of the country.

That of the German Bund in the same maturity took 2,1 base points at the end of 2.793%, after having touched a summit of one week in session, at 2.819%.

OIL

The oil market, which has spent a large part of the session in the green, notably supported by the decision of the United States to impose customs duties on the countries which buy Venezuelan crude, is now in withdrawal. The leaders of several major raw materials trading companies have said to expect a well -supplied oil market this year, as well as low prices.

Brent Flees 0.42% to $ 72.69 per barrel and light American crude (West Texas Intermediate, WTI) declines 0.61% to $ 68.71.

(Written by Claude Chendjou, edited by Blandine Hénault)

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