by Mara Vilcu

(Reuters) – European scholarships ended up on Monday after new announcements from the Donald Trump administration on customs duties suggesting a relaxation as to American trade policy.

In Paris, CAC 40 won 2.37% at 7,273.12 points. In Frankfurt, the Dax advanced 2.85% and London, the FTSE 100 rose 2.14%.

The Eurostoxx 50 index increased by 2.59%, the FTSEURofirst 300 won 2.64%and the Stoxx 600 advanced by 2.69%.

Global actions progressed on Monday and a certain calm returned to the markets after the US administration 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%.

The exemptions would reduce certain pressures on the cost of consumer goods, in particular on Apple products, which would have become “unsaleable” if the customs duties were in force, said Kim Forrest, director of investments at Bokeh Capital Partners.

“We have the impression that the Trump administration responds to consumer pressure (…), considerable customs duties imposed on China could also be withdrawn,” he added.

The 90 -day break on reciprocal customs duties and new announcements “reduce the short -term probability of a recession,” wrote the Stanley Stanley Stratèges in American equity in a note on Monday. However, they note that back and forth on politics are still likely to exacerbate uncertainty for businesses and consumers.

VALUES

The technology sector took advantage of American announcements and won 2.51%.

ASML, manufacturer of lithographic machines necessary for the manufacture of semiconductors, advanced by 2.20%.

Vallourec took 4.75% after announcing having entered exclusive negotiations with the French institutional fund Aldebaran for the sale of Serimax, its subsidiary specializing in mechanical welding solutions.

A Wall Street

At the time of the closing in Europe, exchanges at the New York Stock Exchange indicated an increase of 0.48% for the Dow Jones, 0.61% for the Standard & Poor’s 500 and 0.45% for the Nasdaq Composite.

The technology sector is progressing after Donald Trump’s latest announcements. Apple takes 2.26%.

Goldman Sachs is advancing 1.01% after reporting on a 15% increase in his first quarter on Monday, market volatility that has contributed to record revenues in trading and the bond market.

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 0.45% against a basket of reference currencies.

The euro earns 0.03% to 1.1323 dollars.

In Asia, the yen advances 0.39% to 149.92 yen for a dollar.

The Argentinian peso fell on Monday in official exchanges after the lifting of the exchange controls implemented since 2019 on Friday and the announcement of an Argentina agreement with the International Monetary Fund (IMF) for a loan of $ 20 billion. At 3:59 p.m. GMT, he lost 9.74% to 1,190 for a dollar.

RATE

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

The yield of Treasuries at ten years loses 9.0 base points at 4.4032%. The two years fell from 7.6 base points to 3.8763%.

The yield of the German Bund at ten years lost 0.3 base points at 2.5240%. The two years earns 2.8 base points at 1.7820%.

OIL

The crude prices fall again on Monday, while OPEC lowered its demand forecasts for 2025, after having progressed in the face of the hope of a relaxation in the trade war launched by the United States.

Brent loses 0.28% to 64.58 dollars per barrel and light American crude (West Texas Intermediate, WTI) abandons 0.5% to 61.19 dollars.

(Written by Mara Vîlcu, edited by Kate Entringer)

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