By Pauline Foret

(Reuters)-Wall Street is expected to increase, like the European scholarships which continue to advance in mid-session, investors who have recovered their risk of risk after the announcement of a lull of trade tensions between China and the United States.

Futures in New York indices report an opening of Wall Street to increase, indicating a gain of 2.11% for the Dow Jones, of 2.89% for the Standard & Poor’s 500 and 3.81% for the NASDAQ.

In Paris, the CAC 40 earns 1.29% at 7,843.31 points around 10:24 GMT. In Frankfurt, the Dax advances 0.85% and in London, the FTSE 100 rises by 0.33%.

The Eurostoxx 50 index is up 1.64%, the FTSEUROFRST 300 is up 0.95%and the Stoxx 600 up 0.90%.

After his meeting with Chinese representatives in Geneva, the American secretary of the Treasury Scott Bessent announced that the two parties had agreed to impose a 90 -day break on the measures in place and to lower the “reciprocal” customs duties to 10%.

Previously, they amounted to 145% and 125% respectively.

This “marks a pivotal moment in global commercial dynamics,” said Aaron Hill, chief analyst at FP Market.

“Nevertheless, this 90-day period indicates that this drop in customs duties represents a negotiation tactic rather than a permanent solution, which creates uncertainty about long-term trade policies,” he nuanced.

The world markets had already recovered the losses accused since the announcement, on April 2, of the establishment of “reciprocal” customs duties of Donald Trump.

On the geopolitical side, the ceasefire concluded between India and Pakistan as well as the announcement of Volodimir Zelensky as to his disposal to meet President Vladimir Putin this week also contributed to brightening up the mood of investors.

The values ​​to follow at Wall Street

Many sectors are climbing after the announcement of the Sino-American agreement, including “Megacaps”, Chinese companies listed in the United States, the semiconductor sector, energy groups and distributors.

The pharmaceutical sector, on the other hand, fell back after Donald Trump announced that he wishes to reduce the prices of prescription drugs.

Values ​​in Europe

Many values ​​are climbing after the formalization of the trade agreement between China and the United States, such as the luxury sector (+5%), Adidas (+3.92%), Puma (+5.23%), Maersk (+12.6%) or Hapag Lloyd (+13.65%).

The defense sector fell backwards (-1.4%) after Volodimir Zelensky said it was ready to meet Vladimir Putin in Türkiye on Thursday. Thales lost 2.7%, Dassault Aviation 5.5%, Rheinmetall 4.5%and Saab 3.2%.

The pharmaceutical sector also fell back (-2.33%) after the announcement of Donald Trump as to his intention to reduce the price of prescription drugs. Novo Nordisk, which is also due to face the latest encouraging data of the obesity drug of its rival Eli Lilly, yields 4.13%.

RATE

The yields of German and American bonds reached a month higher on Monday, the appeasement of tensions between China and the United States having encouraged the appétit for the risk.

The yield of Treasuries at ten years climbed from 6.8 pb to 4.4433%, and the two years from 11.9 pb to 4.0019%.

In the euro zone, the markets have reduced bets on the rate reductions of the European Central Bank (ECB), the hopes of a calm and geopolitical tensions that have attenuated growth concerns.

The yield of the German Bund at ten years earns 7.3 pb at 2,6250%, the two years 11.2 pb at 1,9020%.

Changes

The dollar is advancing on Monday, investors being reassured by commercial lull between the two biggest economies in the world.

The greenback thus earns 1.32% against a basket of reference currencies, while the euro lost 1.25% to 1.1106 dollars.

OIL

Oil prices jump against the backdrop of hopes to see the trade war between the two largest oil consumers in the world end.

Brent gained 2.68% at $ 65.62 per barrel and light American crude (West Texas Intermediate, WTI) 2.85% at 62.76 dollars.

(Written by Pauline Foret, edited by Augustin Turpin)

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