PARIS (Reuters) – The main European scholarships are expected in the red on Monday at the opening, on the first day of a week still marked by the revival of trade tensions between China and the United States, and before a session which will be marked by the publication of PMI manufacturing indices for several major economies. Under -term contracts report a drop of 0.34% for the Dax in Frankfurt, a drop of 0.03% for the FTSE in London and a drop of 0.35% for the Stoxx 600.
The decision of US President Donald Trump, who announced on Friday plan to bring customs duties of 25% on steel to 50% from June 4, did not lead to a net reaction to the markets, although this sudden reversal has arranged the anger of the European Union negotiators.
Speaking on Sunday, the US Treasury Secretary Scott Bessent said Trump would soon speak of Chinese President Xi Jinping to settle a dispute concerning rare earths, an announcement minimized by Beijing.
Officials of the White House also continued to minimize a judgment of the Court according to which Trump had exceeded his authority by imposing reciprocal customs duties on imports from American trade partners.
“The judgment of the Court will complicate the path to follow in terms of commercial policy, but there is a sufficient set of provisions available for the administration in order to obtain the desired results,” said Bruce Kasman, chief economist at JPMorgan.
In Europe, attention will be focused on the successive publications of the PMI manufacturers for France, Germany, the euro zone and Great Britain, which will give more information on the health of the old continent companies.
The values ​​to follow:
A Wall Street
The New York Stock Exchange finished down on Friday after President Donald Trump accused Beijing of raping the customs duties agreement.
The Dow Jones index won 0.13%, or 54.34 points, at 42,270.07 points.
Standard & Poor’s 500, wider, has lost -0.48 points, or -0.01% to 5,911.69 points.
The Nasdaq Composite fell on its side of -62.11 points, or -0.32% to 19,113,767 points.
In Asia
Chinese actions listed in Hong Kong touched their lowest level in a month on Monday with the revival of trade tensions between China and the United States. In China, the composite index of the Shanghai Stock Exchange fell by 0.47% and the CSI 300 of large capitalizations abandons 0.48%. The Hong Kong Stock Exchange lost 1.97%.
In Tokyo, the Nikkei fell from -1.32% to 37,463.75 points.
RATE
The two -year -old Treasuries yield posted -0.4 basic points at 3.9098%.
The yield of the German Bund at ten years posted -0.7 pb at 2,5020%. The two years displays -1.3 pb at 1,7750%.
Changes
The dollar fell 0.14% against a basket of reference currencies, while the euro remained stable at 1.1373 dollars.
OIL
Brent took 2.4% at 64.26 dollars per barrel, while the American light crude (West Texas Intermediate, WTI) gained 2.4% at 62.48 dollars.
Main economic indicators at the agenda of June 2:
Pays GMT indicator previous consensus period
Fr 07h50 PMI Manufacturing index May 49.5 49.5
Definitive “Hcob”
From 07:55 PMI Manufacturing PMI May 48.8 48.8
final HCOB
EZ 08h00 PMI Manufacturing index May 49.4 49.4
final HCOB
GB 08:30 am PMI index S & P Manufacturer May 45.1 45.1
final
USA 1:45 pm PMI S&P index MAUFACTER May – 52.3
final
(Written by Augustin Turpin)
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