by Diana Mandia

(Reuters) – European scholarships finished in green on Tuesday, with the exception of Paris, the results of companies having set the tone for a rather wait -and -see session before the publication of leading macroeconomic indicators in the coming hours.

In Paris, and after five consecutive sessions in the green, the CAC 40 lost 0.24% to 7,555.87 points. In Frankfurt, the Dax advanced by 0.80% and in London, the FTSE 100 took 0.55%.

The Eurostoxx 50 index ended up on a drop of 0.04%, the FTSEUROFIRST 300 took 0.35%and the Stoxx 600 increased 0.41%.

Investors had to digest a salvo of business results such as Capgemini, BP or Deutsche Bank on Tuesday, the emphasis being placed on the perspectives in a context marked by American customs duties and the fears that they penalize economic activity.

However, the health prospects of European companies have improved, thanks to the optimism aroused by possible agreements between the United States and its main partners, in particular China, in order to avoid a major trade war. According to LSEG I/B/E/S data, old continent groups should display a 1.7% drop in their profit in the first quarter, against a 3.5% drop estimated by analysts a week ago.

The imminence of an avalanche of economic indicators, including gross domestic product (GDP) of the first quarter in the euro zone and the United States and the US employment report, as well as the results of certain large American capitalizations, however invite restraint.

The confidence of American consumers has decreased in April to its lowest for almost five years when the growing concerns concerning customs duties have been weighing on economic prospects.

The markets do not forget the customs duties and the possible softening of severe surcharge announced at the beginning of the month by Washington, a few hours before President Donald Trump celebrates the first 100 days of his second term.

The White House announced that the president was to sign a decree on Tuesday to mitigate the impact of his customs duties in the automotive sector, a sign of hope after the ravages caused by the commercial policy of the world’s first power in the markets at the beginning of the month.

VALUES

The European banking compartment increased Tuesday (+1.26%) after the publication of many results in the sector, including those of HSBC (+2.6%) and Deutsche Bank (+3.8%).

In Paris, Capgemini ended up at the top of the CAC 40 (+5.6%) despite the drop in turnover, a decline, however, than expected thanks to the North America regions and the United Kingdom and Ireland.

Schneider Electric, however, fell 6.3% after warning Monday evening that its adjusted Ebita margin should be lower in 2025 than initially planned.

In London, BP, which disappointed expectations on Tuesday with an underlying profit at the replacement cost of $ 1.38 billion for the first quarter, lost 2.4%.

The Swedish group Electrolux, which lowered its prospects on the North American market citing the impact of customs duties on consumer morale, plunged 17.4%.

Porsche car manufacturer, which reduced its prospects on Monday evening for 2025 due to the weakness of China and American customs duties, was 4.1%.

A Wall Street

Wall Street oscillates on Tuesday between gains and losses, investors juggling the results of companies, signs of progress in commercial negotiations and generally lukewarm economic data.

At the time of the fence in Europe, the Dow Jones takes 0.63%, the Standard & Poor’s 500 0.28%and the Nasdaq Composite 0.18%.

The indicators of the day

In Germany, consumer morale has further improved as the month of May, the prospect of a new government seeming to appease households, while bank loans have continued to accelerate in the euro zone in March, supported by interest rate reductions.

In the United States, the data published on Tuesday was less reassuring.

The confidence of American consumers has decreased in April at its lowest level for almost five years, falling at levels never seen since the start of the Cavid-19 pandemic, while growing concerns concerning customs duties weigh on economic prospects.

The number of job offers in the United States fell sharply in March, but the drop in layoffs suggests that the labor market remains solid.

The United States’s trade deficit was also widely dug at 162.0 billion dollars in March, due to the increase in imports, which suggests that trade has greatly slowed economic growth in the first quarter.

Changes

The US dollar increased on Tuesday 0.14% against a basket of reference currencies, supported by the Plan of the Trump administration aimed at mitigating the impact of customs duties on car manufacturers, as well as by the prospect of additional tariff agreements with certain business partners.

However, he is about to experience a sharp monthly decrease when American trade policy has undermined investors’ confidence in the greenback.

The euro lost 0.2% to 1.1398 dollars.

RATE

Bonds of the Euro zone bonds changed little on Tuesday, pending the series of economic data and results of large technological companies later this week.

The yield of the German Bund at ten years fell 1.5 base points to 2,4920%. The two -year -old took 0.5 base points at 1.7440%.

In the United States, yields affect its lowest level in three weeks, data having shown that job offers in the United States have dropped sharply in March and that consumer confidence has reached its lowest level in almost five years.

The yield of Treasuries at ten years lost 3.1 base points at 4.1851% and the two years 1.7 base points at 3.6682%.

OIL

The oil market is in high fall on Tuesday, investors having lowered their growth forecasts for crude demand due to the current trade war between the United States and China.

Brent loses $ 2.32% at $ 64.33 per barrel and American brut (West Texas Intermediate, WTI) 2.22% to 60.67 dollars.

To be continued on April 30:

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Kate Entringer)

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