by Mara Vilcu

(Reuters)-Wall Street is expected up on Monday and European scholarships are advancing at mid-session after the new announcements of the Adald Trump administration on customs duties suggesting a relaxation of the United States’s commercial policy.

Futures in New York indices report an opening of Wall Street up 0.85% for Dow Jones, 1.18% for Standard & Poor’s-500 and 1.37% for NASDAQ.

In Paris, the CAC 40 earns 1.96% at 7,243.93 points around 10:18 GMT. In Frankfurt, the Dax advances 2.34% and in London, the FTSE 100 rises by 1.76%.

The Eurostoxx 50 index increased by 2.05%, the FTSEURofirst 300 advances by 2.03%and the Stoxx 600 won 2.07%.

The main stock market indices experienced a rebound in Europe and Asia on Monday after the administration of Donald Trump granted smartphones and computers an exemption from “reciprocal” customs duties.

The US customs service published in the night of Friday to Saturday a list of product categories benefiting from this exemption, having an initially hoping for a break, even a de -escalation, in the trade war that Beijing and Washington are engaged, which borne customs duties on Chinese products 145%.

“Many of these products are essential consumer goods – articles whose Americans cannot happen, such as smartphones and computers, which makes them politically sensitive,” said John Plassard, director at Mirabaud.

The American president, however, said on Sunday that he would announce in the coming week of new customs rights targeting semiconductors imported to the United States, adding that there would be flexibility for certain companies in the sector.

“I think that the probability of agreements are concluded and lead to a drop in customs duties has increased slightly, and I am relatively satisfied with the flow of news,” said Samy Chaar, chief economist at Lombard Odier.

This week’s program are data on American retail sales and the Chinese gross domestic product, while the president of the American federal reserve, Jerome Powell, will be expressed on economic prospects on Wednesday, when he will almost be questioned about the prospect of a reduction in rates and on recent tensions on the treasury market market.

Values ​​in Europe

The technology sector benefits from American announcements and earns 2.58%.

ASML, manufacturer of lithographic machines necessary for the manufacture of semiconductors, advances by 2.68%.

Vallourec gains 5.09% after announced that it has entered exclusive negotiations with the French institutional fund Aldebaran for the sale of Serimax, its subsidiary specializing in mechanical welding solutions.

RATE

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

The yield of Treasuries at ten years loses 5.1 base points at 4.4423%. The two years fell from 4.2 base points to 3.9119%.

The yield of the German Bund at ten years earns 0.9 basic point at 2.5370%. The two years advances from 0.5 base points to 1.7580%.

Changes

The dollar fell back on Monday, while the Japanese Yen and the Euro progressed, the confidence of investors in the global reserve currency remaining after a series of Donald Trump statements on customs duties.

The dollar loses 0.55% against a basket of reference currencies.

In Asia, the yen advances 0.25% to 143.17 yen for a dollar.

The euro earns 0.14% at 1.1394 dollars.

OIL

Brut prices are growing in the face of the hope of relaxation in the trade war launched by the United States, but in a limited manner due to the risks that continue to weigh on oil demand.

Brent advances 0.97% to 65.39 dollars per barrel and light American crude (West Texas Intermediate, WTI) gained 1.01% to 62.12 dollars.

(Written by Mara Vîlcu, edited by Kate Entringer)

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