by Diana Mandia

(Reuters)-Wall Street is expected to decrease on Monday and European scholarships also retreat to mid-session, uncertainty about the actual intentions of the American president concerning customs duties pushing investors to avoid the risk as April 2 approaches, the date of enhancement of “reciprocal” samples against the main trade partners of the United States.

Futures in New York indices report an opening down 0.59% for Dow Jones, 0.88% for Standard & Poor’s-500 and 1.23% for NASDAQ.

In Paris, the CAC 40 lost 1.84% to 7,770.50 points around 10:52 GMT. In Frankfurt, the Dax fell by 1.93% and in London, the FTSE 100 yields 1.23%.

The Eurostoxx 50 index is down 1.85%, the FTSEURofirst 300 drops by 1.65%and the Stoxx 600 loses 1.71%.

The week begins on a dark note for the European markets, which question the real intentions of Donald Trump in the field of American commercial policy with the approach of the deadline of April 2, the ‘Liberation Day “promised by the American president.

The contours of so -called “reciprocal” customs duties which must be implemented on Wednesday remain vague, and investors are at the mercy of Donald Trump’s comments on the issue. On Sunday, they underwent a new shock when the American president said that they would essentially apply to all countries, thus reviving fears that a world trade war has triggered a recession.

“What the Trump administration has shown us so far is that we should not expect a coherent approach,” said George Lagarias, chief economist at Forvis Mazars.

The scenario of an aggressive American trade policy has also prompted Goldman Sachs to reduce its growth forecasts for the United States and the euro zone, and to anticipate a reduction of an additional quarter of the rates of the Federal Reserve and the European Central Bank (ECB).

“For the first time in years, we have been really worried about risky assets,” said Ajay Rajadhyaksha, analyst at Barclays; Who adds that if political chaos and trade wars are still worsening, a recession is now a realistic risk for the main economies.

The Stoxx 600 index should however close this first quarter of 2025 with a gain of 4.8%, far exceeding the 5.1% drop in its American counterpart, the SPX, helped in particular by the German budget revival.

The values ​​to follow at Wall Street

Technological values ​​fell in front of NVIDIA, Microsoft and Tesla losing between 1.6% and 4.3% on Monday on Monday.

Values ​​in Europe

The automotive sector, under the menace of American customs duties on April 3, dives 3.3% on Monday.

The actions of European mining and metallurgical companies are also in the red, penalized by the fear of aggressive American customs rights, which makes the basic resources index drop by 1.6%.

In Paris, Maurel and Prom is backing up more than 15% on Monday and in Madrid, REPSOL lost 2.9% while the American office of Foreign Assets Control (OFAC) revoked their licenses to operate in Venezuela.

Associated British Foods, the Primark’s parent company, lost 2.3% after announcing the immediate resignation of the executive director of the ready-to-wear brand at low prices, Paul walks, following an allegation concerning his behavior towards a woman in a social context.

Rate The reference bond yields of the euro zone are down on Monday, uncertainties on customs duties turning investors to these assets deemed safe.

The yield of the German Bund at ten years lost more than 4 base points at 2,6900%. The two years fell from 3.7 base points to 1.9910%.

In the United States, fears of a slowdown in the economy also reduce bond yields. That of Treasuries at ten years loses 5.6 base points at 4.1995%.

The premium displayed by American sovereign titles at 10 years old compared to German state titles with comparable maturity should also display its strongest quarterly decrease since the 2008 crisis, while budgetary policies have profoundly evolved on both sides of the Atlantic.

Changes investors are looking for “refuges” assets in order to compose with customs uncertainty, which increases the yen by 0.34% against the dollar.

The greenback is stable on Monday facing a basket of reference currencies, while the euro fell 0.06% to 1.0820 dollars.

OIL

Oil prices are growing while US President Donald Trump has threatened to impose customs duties on Russian oil buyers and warned Iran of a possible military action if he does not accept a nuclear program.

The Brent advances from 0.88% to $ 74.28 per barrel and light American crude (West Texas Intermediate, WTI) from 0.58% to 69.76 dollars.

Main economic indicator at the March 31 agenda:

Pays GMT indicator previous consensus period

From 12:00 p.m. inflation (prelim.) March +0.4% +0.4%

– over one year +2.2% +2.3%

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Blandine Hénault)

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