by Mara Vilcu
(Reuters) – European scholarships, with the exception of London, ended down on Friday, in a climate of feverishness in the face of trade tensions between the United States and China.
In Paris, CAC 40 lost 0.30% to 7,104.80 points. In Frankfurt, the Dax fell 0.94% and in London, the FTSE 100 took 0.64%.
The Eurostoxx 50 index fell by 0.68%, the FTSEUROFirst 300 lost 0.15%and the Stoxx 600 abandoned 0.06%.
Over the week, the Stoxx 600 abandoned 1.88% and the CAC 40 2.34%, both recording their third consecutive weekly decrease.
European actions were hesitant on Friday, after a volatile week marked by Donald Trump’s turnaround on so -called “reciprocal” customs duties.
The European Union finance ministers undertook on Friday to maintain the unity of member states in the trade negotiations with the United States, during the respite offered by the suspension for 90 days of American surcharge.
Washington nevertheless decided to bring from 145% the surcharge targeting Beijing which, in response, announced on Friday an increase of 84% to 125% of customs duties on American imports which must enter into force on Saturday.
“We warned that China would be difficult to shake up – it is enough to know its story and its incredible resilience,” writes Dave Rosenberg, founder and president of Rosenberg Research.
In the United States, monthly production prices unexpectedly dropped in March, in the wake of consumer prices which also recorded an unexpected drop last month.
The president of the New York Federal Reserve John Williams, however, said on Friday that Trump administration’s commercial policies would accelerate inflation this year.
VALUES
Stellantis lost 3.81% after reporting a drop in bills in the first quarter of 2025.
Conversely, Havas won 7.60% after confirming its 2025 objectives.
Among the strongest increases in the Stoxx 600, Rubis flew by more than 6.96%.
BNP Paribas lost 2.41 after the news agency Bloomberg reported that the European Central Bank (ECB) had opposed the implementation of a rule which could reduce the impact on its capital of the planned acquisition of the AXA asset management subsidiary.
A Wall Street
At the time of the closing in Europe, exchanges at the New York Stock Exchange indicated an increase of 0.07% for the Dow Jones, 0.15% for the Standard & Poor’s 500 and 0.34% for the Nasdaq Composite.
Wells Fargo lost 4.04%, and Bny fell 1.62% after their results.
JPMorgan Chase advances 2.40% and BlackRock gained 0.61%.
The indicators of the day
Production prices growth (PPI) in the United States has unexpectedly fell in March, show statistics published on Friday by the Department of Labor.
The morale of American households deteriorated more than expected in April, show the preliminary results of the monthly survey of the University of Michigan on Friday.
RATE
The bonds of the bonds of the Treasury at 10 years increased on Friday and were on the way to knowing their highest weekly increase for more than 23 years, investors remaining concerned about new liquidations of the bond market after a week of volatile transactions.
The yield of Treasuries at ten years earns 15.1 base points at 4.5428%. The two years advances 9.2 base points at 3.9390%.
The yield of the German Bund at ten years loses 5.9 base points at 2,5250%. The two -year -old abandons 6.7 base points at 1.7490%.
Changes
The dollar dropped on Friday, concerns about American customs duties having undermined confidence in money as a refuge value. He has reached his lowest level for ten years against the Swiss franc and his lowest level for three years against the euro.
The dollar loses 0.87% against a basket of reference currencies.
The euro earns 1.25% to 1.1378 dollars.
OIL
Oil prices were heading for their second consecutive weekly decrease on Friday, against the background of investors.
Brent gained 0.33% at 63.54 dollars per barrel and light American crude (West Texas Intermediate, WTI) advances from 0.4% to 60.31 dollars.
To be continued April 14: [L5N3QM1HL]
The situation on the markets
(Some data may accuse a slight offset)
(Written by Mara Vîlcu, edited by Sophie Louet)
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