by Mara Vilcu
(Reuters) – European scholarships ended up on Friday, at the end of a volatile week marked by not only many business results and macroeconomic indicators, but also the appeasement of trade tensions between the United States and China.
In Paris, the CAC 40 gained 0.42% to 7,886.69 points. In Frankfurt, the Dax advanced by 0.23% and in London, the FTSE 100 rose 0.59%.
Over the week, the Stoxx 600 took 2.10% and the CAC 40 advanced by 1.85%.
The Eurostoxx 50 index won 0.18%, the FTSEUROFirst 300 increased by 0.43%and the Stoxx 600 rose by 0.35%.
The world’s stock markets rebounded earlier this week in the wake of the trade agreements signed by the United States with China and Great Britain.
However, uncertainty remains among investors who are still trying to assess the impact that new negotiated customs duties, which remain greater than those in force in late 2024, could have on the global economy.
“Although risks remain, the markets are moving away from the most pessimistic scenario and probably extrapolate this development towards a lower probability of reciprocal customs duties for the rest of the world”, according to analysts from Société Générale.
On the geopolitical level, the first talks of peace between Russia and Ukraine for more than three years have shot short Friday in Istanbul, a Ukrainian source accusing the Russian delegation of having submitted unacceptable requests to conclude a cease-fire, while the Russian part said it was “satisfied” and ready to maintain contact.
VALUES
Eutelsat lost 6.36% after reporting a drop in turnover in the third quarter of his fiscal year.
A Wall Street
At the time of the fence in Europe, the Dow Jones earned 0.03%, the Standard & Poor’s 500 0.18%and the Nasdaq Composite 0.11%.
Eli Lilly won 2.71% after the announcement of the resignation of the director general of his competitor Novo Nordisk.
Constellation Brands takes 1.09% after Berkshire Hathaway announced on Thursday that it has more than doubled his participation in the producer of alcoholic drinks
Alphabet advances 1.56%.
The indicators of the day
The morale of American households deteriorated unexpectedly in May, show the preliminary results of the monthly survey of the University of Michigan on Friday.
Changes
The dollar is in small increase after dropping earlier during the day.
The greenback earns 0.24% against a basket of reference currencies.
The euro lost 0.35% to 1.1148 dollars.
RATE
Bond yields in the euro zone fall on Friday, moving away from the peaks reached at the start of the week, while American economic data have disappointed and the appetite for the risk aroused by the appeasement of the Sino-American trade war has blurred.
The yield of Treasuries at ten years abandons 2.2 base points at 4.4335%. The two -year -old loses 0.1 base point at 3.9721%.
The yield of the German Bund at ten years lost 3.9 base points at 2,5870%. The two years fell from 3.2 base points to 1.8510%.
OIL
Oil prices are changing little on Friday, moving towards a slight weekly gain, the appeasement of trade tensions between the United States and China having been somewhat counterbalanced by forecasts for increasing supply on the part of Iran and OPEC+.
The Brent advances 1.01% to 65.18 dollars per barrel and the American light crude (West Texas Intermediate, WTI) takes 1.12% at 62.31 dollars.
(Some data may accuse a slight offset)
(Written by Mara Vîlcu)
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