by Claude Chendjou
PARIS (Reuters)-The European scholarships ended up on Tuesday and Wall Street was also in mid-session green, supported by Nvidia and other semiconductor manufacturers, despite a context of caution linked to the expectations of new developments on customs duties desired by President Donald Trump.
In Paris, the CAC 40 ended on a gain of 0.34% at 7,763.84 points. The British Footsie advanced 0.15% and the German Dax increased by 0.64%.
The Eurostoxx 50 index won 0.38%, the FTSEURofirst 300 0.15%and the STOXX 600 0.09%.
At the time of the fence in Europe, the Dow Jones advances 0.34%, the Standard & Poor’s 500 of 0.49%and the NASDAQ of 0.79%. The American indices are fired by the technological compartment (+1.27%), with in particular an increase of 3% for Nvidia and 2.3% for Broadcom, which will publish its quarterly results on Thursday.
In Europe, the increase was also supported by the technological compartment (+0.89%), as well as that of energy (+1.06%) and industry (+0.84%).
Investors remain cautious, however, as evidenced by the weakness of the gains while according to a project of letter consulted by Reuters, the administration of Donald Trump wants the countries to present their best offer on trade by Wednesday.
An interview between the American president and his counterpart Xi Jinping is also planned for this week while the provisional agreement on customs duties expires next month.
“The markets are always negotiated with a good level of uncertainty because (investors) are not sure of the way things will take place,” explains Chris Zaccarelli, director of investments at Northlight Asset Management.
“Having a deadline for the best final offer and a manner to move forward should be positive for the markets,” he added.
Values ​​in Europe
Elis lost 1.16% after the sale by Bpifrance of an participation of around 2.9% in the capital of the industrial laundry group.
UBS advanced 5.32% in favor of the recovery of Jefferies’ recommendation.
Julius Baer fell 1.44%, the Swiss bank having announced new savings measures in the amount of 130 million Swiss francs by 2028.
The Cofinimmo real estate investment group won 2.99% after the announcement of a merger with AEDIFICA (+0.53%).
The indicators of the day
The number of job offers in the United States has increased in April more strongly than expected, to 7.391 million, show the JOLTS survey of the US Labor Department.
Inflation in the euro zone has slowed down more than expected over one year in May, at 1.9%, show the preliminary data published by Eurostat.
The unemployment rate in the euro zone fell over a month in April, online with expectations, to 6.2% of the active population, according to Eurostat data.
Changes
The dollar rebounds on a six -week hollow on Tuesday, taking 0.50% against a basket of reference currencies, despite the persistence of concerns about customs duties.
The euro fell by 0.61%, to 1.1370 dollars, in reaction to inflation figures in the euro zone which reinforce the prospect of a drop in guiding rates of the European Central Bank (ECB) on Thursday.
The Sterling book is exchanged at 1.3519 dollars (-0.18%).
RATE
The yield of American treasury bills at ten years is stable, at 4.4656%.
That of the German Bund in the same deadline has sold approximately two base points, to 2.505%.
OIL
The oil market is supported by geopolitical tensions: Russia and Ukraine intensify their conflict, while Iran is preparing to reject an American nuclear agreement.
Brent increased by 1.84% to 65.8 dollars per barrel and light American crude (West Texas Intermediate, WTI) advances from 1.90% to $ 63.71.
(Written by Claude Chendjou, edited by Kate Entringer)
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