By Pauline Foret
PARIS (Reuters) – The main European scholarships are expected slightly on Friday at the opening after a volatile week marked by numerous results of companies and macroeconomic indicators and the appeasement of trade tensions between the United States and China.
The term contracts on indices suggest an opening up 0.35% for the Parisian CAC 40, 0.3% for the Dax in Frankfurt, 0.29% for the FTSE in London and 0.17% for the Eurostoxx 50.
The enthusiasm aroused by the trade agreement between China and the United States, which caused a substantial rally on the markets at the start of the week, has now given way to tenacious concern about what is waiting for investors for the rest of the commercial saga.
Despite the appeasement of tensions between the two largest economies in the world, concern persists in terms of customs duties, which are always much higher than before, and at the risk of recession that accompanies them.
“The markets are facing a weekend (…) without major commercial negotiations or significant risks at the agenda,” said Kyle Rodda, senior analyst at Capital.com.
“However, there is always a little risk aversion before the weekend under the presidency of Trump, a bad surprise at the opening of Monday that could wait for them if only because of a post on social networks,” he adds.
On the macroeconomic side, investors will be able to digest unemployment figures within the meaning of ILO in France and the feeling of feeling of the University of Michigan in the United States.
The values ​​to follow:
A Wall Street
The New York Stock Exchange ended in order dispersed Thursday, the S & P-500 registering once again in the green and the Dow Jones having rebounded after its withdrawal of the day before, thanks in particular to the gains of Cisco Systems which noted its annual forecasts by citing the demand for artificial intelligence.
The Dow Jones index gained 0.65% to 42,322.75 points.
The wider S&P-500 took 0.41% to 5,916.93 points.
The Nasdaq Composite fell on 0.18% to 19,112.32 points.
At the values, Amazon sold 2.4% after Walmart refrained from providing forecasts for the second quarter, fueling fears about the impact of customs duties on American companies.
In Asia
The Japanese Stock Exchange ended up stable Friday after data showed that the Japanese economy has taken place for the first time in a year in the first quarter, stressing the fragility of its revival now compromised by American customs policies.
The Nikkei finished at 37,753.72 points. The wider topix took 0.05% to 2,740.45 points.
In China, the actions indices pursue their withdrawal started the day before against the backdrop of revival of tensions between China and the United States about “Tech” and results deemed disappointing on the part of the Géant Alibaba.
The composite index of the Shanghai Stock Exchange fell 0.53% and the CSI 300 of large capitalizations abandons 0.59%.
RATE
The bond market, which was deserted after investors have regained their appetite for risk, resumes a little compliance following the publication Thursday of data showing that retail sales in the United States has slowed down in April and that American production prices fell into unexpectedly.
The yield of ten -year -old Treasuries fell from 3.3 bp to 4.4217%, that of two years of 2.6 pb to 3.9467%.
The yield of the German Bund at ten years gives 1.2 pb to 2.6140%, and the two years 0.7 pb to 1.8770%.
Changes
Like American bond yields, the dollar fell after unpleasant surprises in the latest American macroeconomic data have relaunched bets on the next reductions in the rates of the Federal Reserve.
The greenback thus yields 0.23% against a basket of reference currencies., While the euro advances from 0.14% to 1.1203 dollars.
OIL
Oil prices are progressing somewhat on Friday and are going to sign a second consecutive weekly increase.
Brent gained 0.45% at 64.82 dollars per barrel and American brut (West Texas Intermediate, WTI) 0.47% at 61.91 dollars.
Main economic indicators at the May 16 agenda:
Pays GMT indicator previous consensus period
USA 2:00 p.m. feeling indicator of May 53.4 52.2
The University of Michigan
(Written by Pauline Foret, edited by Augustin Turpin and Blandine Hénault)
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