by Diana Mandia
(Reuters) – The European scholarships finished down on Wednesday, ending two consecutive sessions marked by the appeasement of trade tensions, the attention of investors now on the quarterly results of Nvidia later scheduled for the day.
In Paris, CAC 40 lost 0.49% to 7,788.10 points. In Frankfurt, the Dax fell 0.66% and in London, the FTSE 100 abandoned 0.59%.
The Eurostoxx 50 index ended up on a drop of 0.66%, the FTSEUROFRST 300 of 0.66%and the Stoxx 600 of 0.55%.
Optimism as for a possible favorable resolution of the trade war was relegated to the backwards on Wednesday by the expected publication of the quarterly results of Nvidia, thermometer both investments in the strategic artificial intelligence sector (AI) and geopolitical tensions between Washington and Beijing.
According to data compiled by LSEG, the American semiconductor giant should announce a 66.2% increase in its quarterly turnover after the end of the New York Stock Exchange. The markets will also be very attentive to any comments on the American restrictions imposed on China in the field of IA fleas.
Nvidia’s results also arrive in a particular context for the technological sector, which was hardly affected in April by the stock market turbulence following customs duties announced by Donald Trump.
Investors are also waiting for the report of the Fed meeting for the month of May, during which the US central bank maintained borrowed costs unchanged and warned increased risks regarding inflation and unemployment for the world’s leading economy.
Also contributing to prudence, the increase in long -term obligations yields resumed on Wednesday while concerns about the health of public debt are continuing due to the distrust of investors towards Donald Trump tax reductions and a series of Japanese and American state borrowing emissions welcomed coldly.
VALUES
The French supplier of materials for semiconductors Soitec lost 21% after the announcement Tuesday evening of withdrawal from its growth prospects for 2026 as well as its forecasts of turnover and margin of Ebitda in the medium term.
Derichebourg, for its part, abandoned 8.6%, the French service provider to companies who announced, according to analysts, to mixed prospects for the second semester.
In London, the Kingfisher title fell by 3.5% despite an increase of 1.8% of its sales in comparable stores in the first quarter, the results were not up to the strong expectations of investors.
The Greek bank Alpha Bank took 6.8%, Unicredit having concluded an agreement to double its participation, bringing it to almost 20%.
The European Defense sector increased further by 0.76% against the backdrop of increased tensions between Ukraine and Russia, which reduces hopes of peace in the near future. The German manufacturer Hensoldt took 3.9%, and in Paris, Thales won 2% and signed the best performance of the CAC 40.
A Wall Street
At the time of the fence in Europe, the Dow Jones gave way 0.35%, the Standard & Poor’s 500 0.27%and the Nasdaq Composite 0.14%.
At the values, the Capri Holdings fashion group, advances 5.3% after announcing a turnover greater than expectations for its fourth quarter.
The indicators of the day
In Germany, the number of unemployed people increased more than scheduled in May, according to figures published on Wednesday, which increases pressure on Chancellor Friedrich Merz to implement measures to get the greatest economy in Europe from the recession.
In France, the gross domestic product (GDP) advanced by 0.1% over the January-March period, after a contraction of 0.1% in the fourth quarter, according to final figures published Wednesday by INSEE.
Industry production prices for the French market fell 4.3% in April, while household consumption expenses bounced less than expected.
RATE
The yields of state bonds in the euro zone increased slightly on Wednesday, ending a series of four decreases of decline.
The yield of the German Bund at ten years took 1.5 base points at 2.5490%. The two years won 0.7 base points at 1.7980%.
The increase in yields is more marked in the United States, in the wake of a halftone program of Japanese bonds at 40.
The yield of Treasuries at ten years takes 6.3 base points at 4.4972%. That of the two -year obligation has a gain of 4.3 base points at 3.9922%.
Changes
The US dollar is stimulated Wednesday by the prospects for appeasement on the commercial front, and while data on consumer confidence published on Tuesday has strengthened the idea that the American economy remains solid.
The dollar earns 0.39% against a basket of reference currencies.
The euro lost 0.34% to 1.1290 dollars.
OIL
Oil prices are clear on Wednesday due to the risks linked to Venezuelan supply, the United States having prohibited Chevron from exporting the gross of the South American country.
OPEC+ could also agree on a new oil production for July on Saturday.
The Brent takes 1.56% at 65.06 dollars per barrel and the American light crude (West Texas Intermediate, WTI) increases 1.74% to 61.93 dollars.
(Written by Diana Mandiá, edited by Kate Entringer)
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