PARIS (Reuters) – The main European scholarships retreat at the start of the session, investors continuing to position themselves after the announcements of Donald Trump of April 2.
In Paris, the CAC 40 folded up from 0.77% to 7,540.43 points around 8:05 a.m. GMT. The Dax in Frankfurt abandons 0.75%, while the FTSE in London declines 0.68%.
The pan -European FTSEUROFIRST 300 index loses 1.03%, the Eurostoxx 50 fell by 0.97%and the Stoxx 600 declines by 1.06%.
The American president has imposed customs duties of 10% on almost all products imported into the United States and even larger taxes on imports from dozens of countries, including the main business partners in Washington.
After an immediate and brutal reaction on Thursday, the markets are now trying to understand to what extent these customs duties will limit the attraction of risky short -term assets.
Uncertainty should dominate, probably punctuated by various announcements, while the trade partners of the United States reflect on the response to American customs duties.
In this context, the monthly American employment report and the discourse of Jerome Powell, the president of the Federal Reserve, will be essential to gauge the American economic trajectory.
At the values, its takes 4.7% thanks to a recovery of recommendation from Kepler Cheuvreux.
(Written by Corentin Chappron, edited by Augustin Turpin)
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