by Claude Chendjou

PARIS (Reuters) – The main European scholarships are expected on a cautious note Tuesday before the publication in the rest of the week of key macroeconomic indicators, while investors are still waiting for customs duties desired by the American president, Donald Trump, on the 100th day of taking office.

According to the first indications available, the Parisian CAC 40 should lose 0.22% at the opening. The Dax in Frankfurt could advance by 0.25%, while the FTSE 100 in London should take 0.17%. The Eurostoxx 50 index is expected to increase by 0.19% and the Stoxx 600 up 0.15%.

Among the key indicators at the agenda of the week are monthly inflation clues in France, Germany, euro zone and the United States. Investors will also monitor, in a business war context, economic statistics such as gross domestic product (GDP) of the first quarter in the euro zone and the United States, the American manufacturer, retail sales in Germany and indicators on American employment.

The equity markets have benefited from several optimism sessions as to a possible softening of customs duties between China and the United States but this hope is slow to materialize while the day marks the first 100 days of Donald Trump in the White House.

US Treasury Secretary Scott Bessent said on Monday that many trade partners in the United States had made “very good” proposals to avoid the taxation of customs duties, and that one of the first agreements to be signed would probably be with India. However, he did not confirm the assertion of Donald Trump on Sunday that negotiations were underway with China, adding on Monday that it was up to Beijing to defuse the conflict on customs duties. The Chinese Foreign Ministry, for its part, said on Monday that President Xi Jinping had not discussed with Donald Trump recently and that their respective administrations were not trying to conclude an agreement.

Many results of companies should also animate this Tuesday exchanges, such as those of Bouygues, Amundi, Capgemini, Scor, HSBC, BP, Astrazeneca, Deutsche Bank, Lufthansa, Novartis or BBVA, pending the publications in the rest of the week of four of the “Seven Magnificent” American (Apple, Amazon, Meta and Microsoft).

A Wall Street

The New York Stock Exchange finished in dispersed order a restless session on Monday, hampered by megacapitalizations while investors are waiting for several catalysts, including key economic data and the results of some of the largest American companies.

The Dow Jones index won 0.28%, or 114.09 points, at 40,227.59 points, the Standard & Poor’s 500, wider, took 3.54 points, or 0.06%, at 5,528.75 points, and the Nasdaq Composite fell by 16.81 points, or -0.10%to 17,366.133 points.

NVIDIA (-2.05% to 108.73 dollars) and Amazon (-0.68% to 187.70 dollars) were the main brakes at S&P 500 and also limited the NASDAQ.

The Wall Street Journal reported on Sunday that the Chinese company Huawei Technologies was preparing to test its artificial intelligence processor, which it hopes to replace some of the high -end products from Nvidia.

In Asia

The Tokyo Stock Exchange is closed this Tuesday on the occasion of the Showa no Hi, which commemorates the anniversary of Hirohito, Emperor of Japan during the Showa era.

The MSCI index bringing together the values ​​of Asia and the Pacific (excluding Japan) nibbles 0.25%, supported by the soothing of trade tensions between the United States and some of its business partners.

In China, the SSE Composite of Shanghai is falling by 0.03% and the CSI 300 refuses 0.13%.

The Hang Seng index in Hong Kong grabbed 0.12%.

The values ​​to follow in Europe:

The automotive sector in Europe is to be followed Tuesday, while the US administration is expected to take action to reduce the impact of customs duties on car imports, reducing certain taxes taken from spare parts from abroad used for vehicles manufactured in the United States, representatives of the White House said on Monday.

Changes/Rate

The dollar advances 0.30% against a basket of reference currencies, after losing 0.6% on Monday, investors being concerned about the Sino-American trade war.

The euro fell 0.38%, to 1.1378 dollars, but is about to record its strongest monthly increase in almost 15 years against the greenback, investors fleeing American assets and looking for alternatives in Europe.

The pound sterling returns from a three-year summit and exchanges $ 1.3394 (-0.33%).

The yield of American treasury bills at ten years is stable, at 4.2063%, after falling on Monday at its lowest level since April 8.

OIL

The oil market is falling back on Tuesday, investors having lowered their gross demand growth forecasts due to the current trade between the United States and China, the two main economies in the world.

The Brent refused from 0.93% to 65.25 dollars per barrel and the American light crude (West Texas Intermediate, WTI) declines 1.02% to 61.43 dollars.

Metal

The cash price in cash decrees on Tuesday, from almost 1%, to 3.308 dollars perce, the attenuation of trade tensions between the United States and some of their business partners having reduced the attraction for precious metal, considered as an asset refuge.

However, gold has earned almost 7% in April and almost 27% since the start of the year.

Main economic indicators at the April 29 agenda:

Pays GMT indicator previous consensus period

06h00 Gfk feeling indicator May -26.0 -24.5

EZ 9:00 am Money mass M3 over a year March +4.0% +4.0%

Business credit ND +2.2%

non-financial

ND household loans +1.5%

EZ 9:00 am Economic feeling April 94.5 95.2

USA 2:00 p.m. Consumer confidence April 87.9 92.9

(Conference Board)

USA 2 p.m. job offers (April 7,480 survey 7.568

Jolts) Millions million

(Written by Claude Chendjou, edited by Kate Entringer)

Copyright © 2025 Thomson Reuters