PARIS (Reuters) – The main European scholarships are expected in advance marked on Monday at the opening, after new announcements of the American administration on customs duties which suggest a relaxation of the trade policy of the United States.

The term contracts suggest an opening up 2.4% for the Paris 40 CAC, against 2.07% for the FTSE in London, 2.14% for the Dax in Frankfurt, and 2.3% for the Stoxx 600.

Several announcements in recent days complicate the reading of American trade policy.

The American customs services published in the night of Friday to Saturday a list of categories of products benefiting from exemptions from “reciprocal” customs rights announced on April 2 by Donald Trump, without providing an explanation for these advantages.

This list relates to smartphones, computers and various other types of electronic devices often imported from China, having an initially hoping for a break, even a de -escalation, in the trade war that Beijing and Washington, which brought customs duties to Chinese products.

US President Donald Trump said on Sunday that he would announce new customs duties to the United States on Sunday, adding that there would be flexibility for certain companies in the sector.

The hoped for Saturday may therefore be short -lived.

These announcements should support the European clues on Monday, while the next European Central Bank meeting is looming on Thursday, and many indicators are expected in the United States -with retail sales for Mars, crucial to gauge the resistance of the American consumer.

The values ​​to follow:

A Wall Street

The New York Stock Exchange ended up on Friday, when major banks launched the first quarter of the results and the investors closed a week of high volatility caused by the World War, triggered by US President Donald Trump.

The Dow Jones index won 1.56%, or 619.05 points, at 40,212.71 points.

Standard & Poor’s 500, wider, took 95.31 points, or 1.81%, at 5,363.36 points.

The Nasdaq Composite advanced 337.15 points, or 2.06%, at 16,724,456 points.

Jpmorgan Chase, Morgan Stanley and Wells Fargo have all reported better than expected in the first quarter, but warnings relating to a potential economic slowdown resulting from commercial conflicts have tempered enthusiasm for the banking sector.

In Asia

The Tokyo Stock Exchange is leaping, supported by the semiconductor segment and Japanese Apple suppliers, which should take advantage of the customs duties imposed on imported smartphones in the United States. The Nikkei index won 1.73% Monday at 34,167.38 points. The wider topix takes 1.49% at 2.503.61 points.

The manufacturer of electronic components TDK takes 5.9%, Advantest, which produces semiconductor test equipment, advances by 6%.

The Chinese clues are progressing, supported by the technology sector, after the American announcements of this weekend. The Hong Kong Hang Seng index increased by 2.293%, the SSE Composite of Shanghai is reinforced by 0.685%, the CSI 300 scored an increase of 0.281%.

RATE

American yields are expanding in a context marked by uncertainty about customs duties.

Treasury’s yield at ten years lost 2.7 bp to 4.4659%, while the two -year -old title efficiency crosses 1.5 pb to 3.9391%.

Changes

The yen is strengthened against the dollar, taking advantage of his status as an asset refuge while the robberies are worried about the Sino-American tensions.

In Asia, the yen advances 0.29% to 143.07 yen for a dollar, the Australian dollar rises from 0.21% to 0.6300 dollars.

The dollar decreases 0.32% against a basket of reference currencies, the euro rises from 0.0343% to 1.1364 dollars, and the pound sterling firms from 0.18% to $ 1.3102.

OIL

The barrel hesitates, the trade war launched by the United States risking limiting oil demand permanently.

The Brent fell 0.02% to 64.73 Dollars per barrel, the light American crude (West Texas Intermediate, WTI) is added from 0.02% to 61.48 dollars.

(Written by Corentin Chappron, edited by Augustin Turpin)

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