by Mara Vilcu
(Reuters)-Wall Street is expected to rise on Friday after its net withdraws the day before while European scholarships are without direction in mid-session, in an always feverish market context in the face of growing trade tensions between the United States and China.
Futures in New York indices report an opening of Wall Street up 0.45% for the Dow Jones, 0.53% for Standard & Poor’s-500 and 0.57% for NASDAQ. In Paris, the CAC 40 lost 0.18% to 7,113.52 points around 10:51 GMT. In Frankfurt, the Dax recedes 0.84% ​​while in London, the FTSE 100 rises by 0.71%.
The Eurostoxx 50 index abandons 0.40%, the FTSEUROFIRST 300 is down 0.16%and the Stoxx 600 loses 0.13%.
European actions hesitate on Friday, at the end of a volatile week marked by sudden changes concerning the customs duties which strengthened the fears on the economic benefits of a trade war.
Washington has decided to raise the surcharge to Beijing at 145% which, in response, announced on Friday an increase of 84% to 125% of customs duties on American imports which must come into force on Saturday.
The announcement weighed on the European scholarships which erased their gains recorded at the start of the session. In Asia, the stock markets had already finished in sharp decline in the wake of Wall Street the previous evening.
“Short -term prospects for global risk assets remain uncertain given the concerns about growth and inflation, fluid feelings and rapid developments in terms of trade and customs rights,” said Vasu Menon, director general of investment strategy at OCBC Bank in Singapore.
Investors await the publication at 12:30 p.m. GMT of production prices in the United States for March and data from the University of Michigan on American household morale for the month of April. The values ​​to follow at Wall Street [L5N3QP0KH]
Values ​​in Europe
Stellantis lost 3.78% after reporting a drop in bills in the first quarter of 2025.
Conversely, Havas wins 5.03% after confirming its 2025 objectives.
Among the highest increases in the Stoxx 600, Rubis flies over 8% after the strengthening in its capital of the concert led by the businessman Patrick Molis.
RATE
After a highly volatile week and marked by a strong movement to sell American sovereign obligations, the yields of Treasuries tend to stabilize.
The rate of American loans at ten years is unchanged at 4.3915%. The two years lost 1.4 base points at 3.8326%.
“The traditional role of American treasury bills as a refuge value in the event of a drop in risks has been questioned this week due to the uncertainty of foreign demand,” said analysts of Société Générale in a note on Friday.
In Europe, the yield of the German Bund at ten years lost 4.4 basic points at 2.54%. The two -year -old abandons 7.8 base points at 1.738%.
Changes
The dollar continues to fall on Friday, reaching its lowest level for ten years against the Swiss franc and passing the euro over $ 1.14, the fallout from the American customs duties continuing to undermine the status of the dollar as a refuge value.
The dollar lost 1.09% against a basket of reference currencies.
The euro gained 1.91% to $ 1.1411.
OIL
Oil prices stabilize but are on the way to undergo their second consecutive weekly loss against the backdrop of investors concerning the trade war between the United States and China.
The Brent is unchanged at 63.33 dollars per barrel and light American crude (West Texas Intermediate, WTI) is also stable, at 60.07 dollars.
Main economic indicators at the April 11 agenda:
Pays GMT indicator previous consensus period
From 06h00 inflation (final) March 0.3% 0.3%
UK 06h00 GDP February +0.1% -0.1%
USA 12:30 p.m. Production price March 0.2% 0.0
2:00 p.m. feeling indicator of April 54.5 57.0
The University of Michigan
(preliminary)
(Some data may accuse a slight offset)
(Written by Mara Vîlcu, edited by Blandine Hénault)
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