by Diana Mandia

(Reuters) – European scholarships ended slightly on Friday a rather calm session during which the American employment report appeared certain fears, while investors are still waiting for tangible progress on the issue of trade.

In Paris, the CAC 40 gained 0.19% to 7,804.87 points, while Frankfurt, the Dax, on the other hand, fell 0.12%, assigned by the drop in exports and the mixed forecasts of the Bundesbank.

In London, the FTSE 100 took 0.30%.

The Eurostoxx 50 index ended on an increase of 0.29%, the FTSEUROFRST 300 of 0.32%and the Stoxx 600 of 0.26%.

Over the week, the Stoxx 600 took 0.85% and the CAC 40 0.68%.

Investors, very attentive to any sign of economic gloom during this period of customs war, saw their fears peaceful Friday by the report on the American labor market, which showed that, despite a deceleration, the United States had created more jobs than expected in May, a sign that the economy is doing rather well despite persistent trade tensions.

“This is a relief report,” said Scott Ladner, director of investments at Horizon Investments.

The trade war, with an increasingly tight calendar to reach an agreement which avoids the massive customs duties promised by Washington in April, remains a concern for the markets.

New American customs rights imposed on most imports of steel and aluminum have come into force this Wednesday and the European Union is still under the threat of so -called “reciprocal” customs duties that could be applied next month.

The European Commissioner for Agriculture, Christophe Hansen, said on Friday that the EU was open to the lowering of customs duties on imports of American fertilizers but that it would not weaken its food security standards to achieve a trade agreement with Washington.

After its eighth drop in interest rates on Thursday, the European Central Bank (ECB) said, however, that the euro zone was well placed to face the global economic uncertainties, thus suggesting that it could mark a break in its softening cycle.

The fact remains that the challenges are multiple, starting in Germany, which saw its exports decrease more than expected in April. The Bundesbank also warned on Friday that the effect of increasing public spending on growth will take time to be felt.

VALUES

Dassault Systèmes, which pushed its targeted non-rapidly diluted targeted (BNPA) by 2029, to 2029, fell by 1.2%.

Elsewhere in Europe, Renk lost 6.2%, after Exane BNP Paribas lowered its recommendation on the value to “underperformance” against “neutral”.

UBS won 3.8% after the Swiss government proposed stricter equity rules for the bank following the acquisition of its Credit Suisse rival. The action of the Swiss bank was lagging behind the European sector for months of uncertainty about the new rules.

A Wall Street

In New York, the employment report in May has appealed concerns about the economy, which supports the clues.

At the time of the fence in Europe, the Dow Jones increased by 0.77%, the Standard & Poor’s 500 of 0.88%and the composite Nasdaq of 1.12%.

The Tesla action bounced 5.5% in the aftermath of its dive linked to the public quarrel between President Donald Trump and the boss of the automaker, Elon Musk.

The indicators of the day

In Germany, exports fell more than expected in April compared to the previous month, demand from the United States having decreased after months of significant purchases in anticipation of American customs duties.

In the euro zone, the growth of gross domestic product (GDP) over the first three months of 2025 was revised upwards on Friday by Eurostat, and stands at 0.6% compared to the previous quarter, against a first estimate of 0.3%.

Changes

The dollar appreciates 0.42% compared to the main currencies after the best than expected American employment report.

The euro lost 0.38% to $ 1.1401.

RATE

Bond yields in the euro area finished slightly drops on Friday.

The yield of the German Bund at ten years lost 2.3 base points at 2.5650%. The two -year -old abandoned 0.3 base points at 1,8750%.

Obligation yields at two years have also experienced their highest weekly increase since March after the ECB reported that it could be close to the end of rate reductions.

In the United States, yields are climbing on Friday, because given the resistance of the labor market, the Fed could wait longer before resuming its drop in rates.

The yield of Treasuries at ten years is advancing from 8.5 base points to 4.4797%. The two years takes 10.4 base points at 4.0282%.

OIL

Oil prices are growing and are on the way to achieve their first weekly increase in three weeks, the interview between US President Donald Trump and Chinese leader Xi Jinping causing hopes of growth and reinforced demand in the two largest economies in the world.

The Brent advances from 1.85% to 66.55 dollars per barrel and light American crude (West Texas Intermediate, WTI) gained 2.08% to 64.69 dollars.

To be continued on June 9:

(Some data may accuse a slight offset)

(Written by Diana Mandiá)

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