by Diana Mandia

(Reuters)-European scholarships finished increasing on Friday, optimism after better than expected data on employment in the United States and the appeasement of trade tensions between the United States and China having attenuated fears of a slowdown in the world economy.

In Paris, CAC 40 took 2.33% at 7,770.48 points. In Frankfurt, the Dax advanced by 2.49% and in London, the FTSE 100 increased by 1.17%.

The Eurostoxx 50 index ended up on an increase of 2.35% and the FTSEUROFRST 300 has grown 1.75%.

Stoxx 600, which erased the losses suffered since the announcement of massive American customs duties at the beginning of April on Friday, won 1.68%.

Over the week, the Stoxx 600 took 3.08% and the CAC 40 3.11%.

Europe ended the week on an optimistic note, the relief brought by better than expected American employment figures having reached the markets of the Old Continent in a context of fears concerning the state of the first world economy.

The American economy created 177,000 jobs in April, more than expected, while the economists interviewed by Reuters provided an average of 130,000 net creations, which testifies to a still resilient labor market despite the erratic commercial policy of President Donald Trump.

Even if some analysts emphasize that it is too early to see the effect of Donald Trump’s policies – who celebrated this week the first 100 days of his second mandate at the White House – this week -, the job report has already changed the estimates of the traders, which are now betting that the Federal Reserve (Fed) will wait until July to resume its interest rate drops, while they were previously thought that a decrease in June was more likely.

The risk already benefited from the last hours from the hope of appeasement of trade tensions between Washington and Beijing, while the Chinese Commerce Ministry says it is “to assess” a Washington proposal in order to organize talks about surcharge.

The possibility of a de -escalation overshadowed the warnings of several leading companies, including Apple, on the increase in costs caused by American protectionism.

VALUES

In Paris, the title Airbus signed on Friday one of the strongest increases in the CAC 40 (+5.3%) after the European aircraft manufacturer announced on Wednesday quarterly results exceeding expectations and confirmed its objectives for 2025.

Elsewhere in Europe, Shell took 2%, despite the decline in its quarterly profit, which remains above expectations.

The Dutch bank ING, which announced on Friday the launch of a new action buyback program and published a profit above expectations for the first quarter, increased by 7.3%.

A Wall Street

At the time of the fence in Europe, the Dow Jones takes 1.17%, the Standard & Poor’s 500 advances 1.34%and the composite Nasdaq increased by 1.48%.

Apple, who said Thursday that its costs would increase by around $ 900 million in the quarter ending in June due to customs duties. The action of the iPhone manufacturer fell by 3.8%.

The indicators of the day

In the euro zone, the increase in manufacturing production in April at the fastest rate in just over three years has also supported the positive trend, while the three largest economies in the block, Germany, France and Italy, show signs of recovery.

On the price front, inflation was stable in the euro zone in April, but the underlying pressures on prices have increased more than expected, a situation likely to worry certain monetary policy officials, although the trade war can justify new reductions in interest rates.

Changes

The dollar, which was already retreating earlier in the day with the signs of appeasement of trade tensions, continues its losses after the publication of the employment report in the United States, which has strengthened the taste for risk.

The greenback loses 0.41% against a basket of reference currencies, while the euro gains 0.28% at 1.1323 dollars.

RATE

The yields of the Euro zone bonds progressed on Friday, according to the movements of their Hoomologists of the US Treasury after the publication of good figures on employment, and while the operators reduced their bets on the rate reductions of the European Central Bank (ECB) in the face of signs of appeasement of trade tensions.

The yield of the German Bund at ten years displays 8.1 base points at 2,5200%. The two years displays 7.2 base points at 1.7680%.

In the United States, the yields of the US Treasury also increases, carried by the stronger data than expected of American employment, which led traders to reduce bets on a drop in Fed rates in June.

The yield of Treasuries at ten years advances from 7.7 base points to 4.3083%. Two years old takes 10.6 to 3.8075%

OIL

Oil prices continue to drop, investors positioning themselves before the expected decision of OPEC+ to increase production.

Brent fell 1.51% to 61.19 dollars per barrel and American brut (West Texas Intermediate, WTI) lost 1.81% to 58.17 dollars.

(Written by Diana Mandiá)

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