by Claude Chendjou
PARIS (Reuters) – European scholarships finished down Thursday and Wall Street was also in the red in mid -session while the prospect of a world trade war has accelerated with the taxation by the President, Donald Trump, new customs duties throughout the automotive sector.
In Paris, the CAC 40 ended with a loss of 0.51% to 7,990.11 points. The British footsia fell 0.27% and the German Dax reflected by 0.77%.
The Eurostoxx 50 index lost 0.62%, the FTSEUROFIRST 300 0.49%and the STOXX 600 0.46%.
At the time of the fence in Europe, the Dow Jones fell 0.44%, the Standard & Poor’s 500 of 0.31%and the NASDAQ of 0.32%. General Motors fell by 6.53%and Ford by 2.62%, while the APTIV (-5.50%) and Borgwarner (-5.23%) automobile equipment manufacturers are also in the red. Tesla is distinguished, however, with an increase of 2.30%. Analysts believe that Tesla’s supply chain and financial performance may not be affected by new surchastens due to a production largely on American soil.
According to Goldman Sachs, car prices in the United States could increase by $ 5,000 to 15,000 dollars if customs duties of 25% come into force on April 2.
“We think he (Donald Trump) uses customs duties on motor vehicles as a negotiation argument. The markets are nervous, because no one really knows what will happen or what the future has in store for us,” said Nicolas Lin, Acting CEO of Aether Holdings.
In the meantime, investors are feverish, the VIX VIX of volatility to Wall Street being up, at almost 19 points, while its equivalent on Eurostoxx 50 ended on a gain of more 3%, above 19 points. Investors have also rushed in refuge assets, allowing gold in particular to register a record at 3.059.30 dollars an ounce.
Values ​​in Europe
The automotive compartment in Europe suffered with BMW (-2.55%), Porsche AG (-2.62%), Daimler Truck (-1.17%), Continental (-2.39%), Volkswagen (-1.49%), Stellantis (-4.24%) and Forvia (-1.47%).
Valeo abandoned 7.75%, the equipment supplier believing that it will have to increase its prices to absorb American customs duties.
Trigano plunged 11.01% after reporting a 16.5% drop in turnover in the first half.
Prosiebensat.1 fell by 10.18%, the redemption of redemption of Mediaforceurope (-1.99%) on the German media group being deemed disappointing.
The indicators of the day
The American economy progressed in the fourth quarter to a higher annualized than initially anticipated rate, by 2.4%, according to final gross domestic product (GDP) published by the Commerce Department.
Unemployed registration in the United States last week, to 224,000 against 225,000 (revised) the previous week, according to the Department of Labor.
Business loan growth in the euro area accelerated in February, by 2.2% over one year, according to data from the European Central Bank (ECB).
Changes
The dollar fell 0.27% against a basket of reference currencies, the trades questioning the extent of customs duties that US President Donald Trump should unveil next week.
The euro, which was on a three -week hollow against the greenback, appreciated 0.40%, to 1.0793 dollars.
The Sterling book is exchanged at 1.2956 dollars (+0.54%), bouncing on Wednesday’s decline following the discourse on the budget of the Minister of Finance, Rachel Reeves, before the Parliament.
RATE
The American customs duties on the automobile have weighed on short bond yields in the euro zone, that of the German Bund at two years having lost 5.1 basic points (PB), at 2.068%. The ten -year deadline sold 1.6 base points to 2.775%.
The yield of American treasury bills at ten years rises from 3.9 base points, to 4.377%, some Fed officials stressing that the US central bank has no urgency to lower its guiding rates and that customs duties could strengthen inflationary pressures.
OIL
Oil prices are practically stable on Thursday, close to their one -month summit, due to concerns about the raw supply worldwide.
The Brent refused from 0.08% to $ 73.73 a barrel, while the American light crude (West Texas Intermediate, WTI) grabbed 0.01% to 69.66 dollars.
To be continued Friday:
(Written by Claude Chendjou, edited by Sophie Louet)
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