by Claude Chendjou

PARIS (Reuters) – European scholarships finished down on Wednesday, while Wall Street was hesitant at mid -session, investors trying to assess the impact on the economy of customs duties that the American president, Donald Trump, must announce in the evening.

In Paris, the CAC 40 ended with a loss of 0.22% to 7,858.83 points. The British footsia fell 0.43% and the German Dax reflected by 0.73%.

The Eurostoxx 50 index lost 0.41%, the FTSEURofirst 300 0.66%and the Stoxx 600 0.61%.

At the time of the fence in Europe, the Dow Jones advances by 0.11%, the Standard & Poor’s 500 of 0.12% and the NASDAQ of 0.23% after having all three opened in the red.

Tesla climbs 4.15%, the American president having announced to his limited circle that the director general of the automaker, Elon Musk, would end in the coming weeks to his current role of advisor, according to the Politico information site.

Main event of the day, Donald Trump, who says he wants to rebalance the world trade in favor of the United States, must announce at 8:00 p.m. GMT, during a ceremony in the Roseraie de la Maison Blanche, new customs measures.

The uncertainty surrounding the details of these measures weighs heavily on investors, encouraging them to continue to reduce their allowances in the United States, explains Chris Beauchamp, market analyst at IG Group.

The VIX VIX of volatility, took up to 7% in session, before relaxing at the fence of scholarships in Europe, allowing large American indices to go back to the green.

Values ​​in Europe

The major values ​​of the pharmaceutical sector in Europe, which could according to Hargreaves Lansdown analysts be affected by the announcements of Donald Trump ended up in the red: Bayer, Sanofi, Novo Nordisk, Novartis and Roche lost 1.63% to 3.99%.

BNP Paribas (-0.94%) and Société Générale (-1.71%) fell with the lowering of Kepler’s recommendation.

Forvia dropped by 6.79%, Citigroup having passed to “sell” on the title.

Grifols took 3.19%, the Canadian Investment Fund Brookfield having resumed discussions on a possible acquisition of the Spanish pharmaceutical group, according to El Confidencial.

The indicators of the day

New orders for manufactured products in the United States increased more strongly than expected in February, by 0.6% over a month, upstream of the entry into force of new customs duties wanted by President Donald Trump.

The private sector in the United States has created more jobs than expected in March, the monthly investigation of the ADP cabinet having identified 155,000 job creations against 84,000 in February.

Changes

The dollar fell 0.45% against a basket of reference currencies before Donald Trump’s announcements and in a context of fear of darkening the perspectives of the American economy.

The euro takes 0.56% to 1.0856 dollars (+0.01%) and the pound sterling advances from 0.36% to 1.2964 dollars.

RATE

The yield of American treasury bills at ten years rises from 3.2 base points, to 4.1879%, in a sawtooth session, marked by economic indicators that investors are struggling to interpret.

That of the German Bund in the same deadline followed the movement, taking 4.2 base points at the end, at 2.725%.

OIL

The oil market is hesitant before the announcement of American customs duties which could exacerbate the trade war in the world and slow the demand for crude.

Brent nibbles 0.01% to $ 74.52 per barrel and light American crude (West Texas Intermediate, WTI) advances from 0.25% to 71.37 dollars after spending a good part of the session down slightly.

Metals

The gold spot, which touched a record level on Tuesday at 3.148.88 dollars, wins 0.54%, at 3,127.38 dollars.

(Written by Claude Chendjou, edited by Blandine Hénault)

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