PARIS (Reuters) – European scholarships finished withdraw Thursday before an extended weekend and in a context of exacerbated uncertainty, underlined by the European Central Bank during its last monetary policy meeting.

In Paris, the CAC 40 abandoned 0.6% to 7,285.86 points, while the German Dax fell 0.53% and the British footsia finished stable.

The Eurostoxx 50 index finished the session with a drop of 0.62%, while the FTSEUROFirst 300 scored a loss of 0.2%and that the Stoxx 600 fell by 0.12%.

“Economic prospects are darken by exceptional uncertainty,” said the president of the ECB, Christine Lagarde, who commented on Thursday’s decision to lower her 25 -point key rate.

These comments echo those of Jerome Powell, president of the federal reserve, who explained Wednesday that customs duties led the institution in an impasse by supporting inflation and unemployment.

“The ECB has recognized that growth prospects were lower and that it was comfortable with the disinflation process. But it also emphasized the tightening of financial conditions arising from the negative and volatile reaction of the market to uncertainty and commercial tensions,” summarizes Mahmood Pradhan, responsible for the global macro-economy at the Amundi Investment.

European markets will be closed on Friday and Monday, pushing investors to position themselves with caution before a weekend which could be punctuated by new developments on the economic and commercial front.

However, the latest announcements from the United States remain positive, Donald Trump having declared on Wednesday having made “great progress” in the commercial negotiations started with Japan, and that the markets hope to see led to a lifting of “reciprocal” customs duties imposed in Tokyo.

VALUES

Hermès lost 3.2% and Pernod Ricard 0.7% after their respective results.

Forvia increased by 8.1% after announcing the rapid implementation of action plans on Thursday to contain the impact of American customs duties on volumes and confirmed its annual objectives.

Pluxee doubled its recurrent ebitda margin objective for the current tax year on Thursday, and jumped 18.1%.

Deliveroo reported on a 7% increase in orders and 9% of the total transactions on its platform on Thursday, which advanced the title of 3.3%.

Inpost said Thursday that it had acquired Yodel, one of the largest package delivery groups in Great Britain, and strengthened by 5.8%.

MFE-MEDIAFOREUROPE, the television group controlled by the Berlusconi family, lost 4.5% after having depreciated Wednesday the value of its participation in the German company Prosiebensat.1, target of an OPA.

A Wall Street

Wall Street is backwards at mid-session, investors worrying about the impact of trade tensions on American activity.

At the time of the closing in Europe, exchanges at the New York Stock Exchange indicated a decline of 1.24% for the Dow Jones, against 0.22% for the Nasdaq Composite and an increase of 0.28% for the Standard & Poor’s 500.

Changes

The euro is back after the last decision of the ECB.

The dollar advances 0.01% against a basket of reference currencies, while European 0.2% at 1.1373 dollars. The Sterling book takes 0.12% to 1.3256 dollars.

RATE

The yields ended in decline in Europe, the rate markets positioning itself for a slowdown in growth in the euro zone, triggered by economic uncertainty.

The yield of the German Bund at ten years lost 3.9 base points at 2,4650%. The two years fell from 6.7 base points to 1.6790%.

The yield of Treasuries at ten years takes 2.5 base points at 4.3035%. The two -year -old crosses 1.5 base points at 3.7709%.

OIL

The barrel goes up, the markets believing that the new American restrictions on Iranian oil exports will restrict the raw offer.

Brent takes 2.5% at 67.49 Dollars per barrel, while the American light crude (West Texas Intermediate, WTI) gains 2.5% at 64.16 dollars

To be continued Tuesday:

(Written by Corentin Chappron, edited by Augustin Turpin)

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