By Pauline Foret
(Reuters) – European scholarships ended up sharply drops on Friday, still folding under the weight of investors’ concerns about Washington’s pricing decisions.
In Paris, the CAC 40 finished on a decline of 0.93% to 7,916.08 points. In Frankfurt, the Dax lost 0.98% and in London, the FTSE 100 dropped 0.08%.
The Eurostoxx 50 index closed the session on a drop of 0.96%, the FTSEUROFirst 300 of 0.79%and the Stoxx 600 of 0.79%.
The global markets are again suspended from the customs decisions of Donald Trump, which announced on Wednesday 25% tariffs in the automotive sector and which is still to decide on so -called “reciprocal” customs duties.
Investors were also able to digest a salvo of indicators, including the highly anticipated PCE inflation, which showed that price pressure in the United States remained more tenacious than the Fed had not envisaged it.
If Donald Trump’s customs duties trigger a global tariff war, the combination of anemic growth and high inflation could weigh heavily on the American economy.
VALUES
On the values ​​side, the spirits sector climbs after the Chinese Ministry of Commerce decided to extend its anti-dumping survey on winewater from the European Union again by three months. Pernod Ricard and Remy Cointreau both take more than 3%.
Ubisoft corrects its increase started at the start of the session, down 1.7% after increasing almost 12%. According to a source cited by an analyst, several hedge funds have adopted a “short” position on the title, arguing that the subsidiary announced with Tencent would allow the group only to erase a little less than half of its current debt.
A Wall Street
Across the Atlantic, the main clues plunge mid-session, folding under investor concerns about the impact of a tariff war on the American economy while inflation persists at high levels.
At the end of the fence in Europe, the Dow Jones gave 1.44%, the Standard & Poor’s 500 1.76%and the Nasdaq composite 2.48%.
The indicators of the day
In Great Britain, retail sales rebounded more strongly than scheduled in February, while GDP increased by 0.1% to T4.
In Germany, consumer morale should remain almost stable in April, according to data published Friday by the GFK Institute and the Nuremberg Institute for Market Decisions (NIM). The unemployment rate somewhat increased in February, but less than expected.
In France, production prices fell 0.8% in February, household expenditure fell unexpectedly and inflation remained stable at 0.8% over a year in March.
In the United States, PCE inflation came to 2.5%, as expected, while household morale has been derived faster than expected, according to data from the University of Michigan.
Changes
The dollar fell back on Friday, investors being cautious while awaiting Donald Trump’s decision on so -called “reciprocal” customs duties, which should be announced next week.
The greenback decreases 0.30% against a basket of reference currencies, while the euro is strengthened from 0.22% to $ 1.0825.
RATE
The yields of treasury bills are recently retreating on Friday, investors trying to assess the impact of Donald Trump’s customs duties on economic growth while the latest data has shown that inflation persists beyond the objectives of the federal reserve.
The yield of ten -year -old Treasuries gives way 9.8 bp to 4.2705%, while the two years fell from 7.0 pb to 3.9283%.
The yield of the German Bund at ten years lost 4.5 pb to 2,7,300%, the two years 4.1 pb to 2,0260%.
OIL
Oil prices are on the way to sign a weekly increase for the third consecutive week while the United States intensified the pressure exerted on Iran and Venezuela. The fears that Washington’s customs duties weigh on demand, however, slow down the trend.
The Brent cedes 0.86% to $ 73.39 per barrel and light American crude (West Texas Intermediate, WTI) 1.17% to 69.10 dollars.
Metals
Gold reached a record level this Friday, the tariff war launched by Donald Trump’s customs duties pushing investors to take refuge in “refuge” assets.
The gold spot gains 0.83% at 3,081.36 dollars of the ounce after touching a higher at 3,086.21 dollars.
To follow the week of March 31:
On April 2, Donald Trump was expected to announce his decision on so -called “reciprocal” customs duties.
The situation on the markets
(Some data may accuse a slight offset)
(Written by Pauline Foret)
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