by Diana Mandia
(Reuters) – Wall Street is expected to be hesitant and European scholarships are evolving in disorder on Friday in mid -session, shared between the concerns about American debt and stronger economic growth in Germany in the first quarter.
Futures in New York indices report a rather stable opening for Dow Jones (-0.1%), Standard & Poor’s-500 (-0.02%) and Nasdaq (-0.03%), the remaining prudence in the face of Donald Trump’s budgetary and commercial policies.
In Paris, the CAC 40 has returned to the red and loses 0.43% at 7,830.43 points around 10:58 a.m. GMT. In Frankfurt, the Dax advances 0.19% and in London, the FTSE 100 takes 0.12%.
The Eurostoxx 50 index decreases 0.17%, the FTSEUROFRST 300 takes 0.01% and the Stoxx 600 loses 0.01%.
The European stock markets hesitate on Friday, on the one hand, fears concerning the budget policy of Donald Trump on the one hand – despite a certain relaxation on long rates – and on the other hand the announcement of better than expected growth in Germany in the first quarter.
Over this period, economic activity has progressed much more than initially estimated in the first economy of the euro zone compared to the previous quarter, thanks to the dynamism of exports and manufacturing production before the establishment of customs duties on the part of the United States.
The data highlights the concerns about the tense commercial environment, more marked growth than expected being partly the result of the acceleration of purchases of American importers in anticipation of future customs duties.
American policy therefore continues to arouse questions, the attention of investors having somewhat diverted this week from surcharge to focus on the American budget after the lowering of the United States credit note by Moody’s and the adoption in the House of Representatives of a vast bill on tax cuts which should still increase the amount of American debt, which already amounts to 36,000 billion dollars.
The turbulence on the bond market that followed it, however, reduced, which offered a small respite to the equity markets, even if the yields of the Treasuries at 10 years and at 30 years are about to know their highest weekly increase since the beginning of April.
RATE
While remaining at high levels, yields of American and European bonds at 10 years are oriented down, after having increased at the start of the week.
The yield of ten -year -old Treasuries fell from 4.2 base points to 4.513% and that of the two -year obligation loses more than two base points, to 3.9763%.
In Europe, the yield of the German Bund at ten years fell 1.5 base points to 2.625%.
Changes
The dollar goes to its first weekly decrease in five weeks in concern about the deterioration of the United States’s budgetary health and loses 0.60% on Friday in front of a basket of reference currencies.
The euro in turn wins 0.61% to 1.1349 dollars.
The values ​​to follow at Wall Street
The actions of companies related to the nuclear industry, including Vistra, are up in the trade in the forefoot after Reuters reported that Donald Trump would sign decrees aimed at relaunching the sector on Friday.
Values ​​in Europe
In Paris, Michelin is advancing by 1% after Jefferies noted his recommendation to “purchase” on the value.
Unicredit lost 0.24% after having declared on Friday that it would dispute the conditions imposed by the Italian government in court to validate its offer on its Rival Banco BPM.
In London, the AJ Bell investment platform takes 7% after having recorded a 12% increase in its half -year profit before taxes, thanks to the increase in customer activity.
OIL
Oil prices are slightly increasing on Friday but should record a fourth consecutive week of losses due to fears about the offer due to a new possible increase in OPEC+production, whose members meet next week.
Brent gained 0.25% to 64.60 dollars a barrel, as is the American light crude (West Texas Intermediate, WTI) whose barrel spring at 61.35 dollars.
(Written by Diana Mandiá, edited by Blandine Hénault)
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