by Diana Mandia
(Reuters)-Wall Street is expected on a stable note and the European scholarships evolve on Monday decreasing at mid-session, dominant caution while commercial discussions between the United States and China are planned during the day in London, investors seeking any sign of appeasement between the two world’s leading powers. Futures in New York indices report a stable opening for Dow Jones (+0.06%), Standard & Poor’s-500 (+0.04%) and Nasdaq (-0.06%). In Paris, the CAC 40 lost 0.17% to 7,791.69 points around 10:45 gmt. In Frankfurt, the Dax fell 0.47% and in London, the FTSE 100 yields 0.13%.
The Eurostoxx 50 index is down 0.30%, the FTSEURofirst 300 lost 0.15%and the Stoxx 600 gives 0.12%.
Caution dominates on the equity markets while a meeting is scheduled during the day in London between senior American and Chinese officials, in the hope that it can lead to a appeasement of trade tensions between the two largest economies in the world.
The discussions follow a telephone conversation between presidents Donald Trump and Xi Jinping last week, while Washington and Beijing remain in knives drawn on key issues despite a commercial truce suspending mutual customs duties for 90 days.
Chinese restrictions on rare earth exports, essential to the automotive industry, as well as American controls on china fleas exports, will probably be at the heart of talks.
“There is still hope that they will reach a kind of agreement, but it will not be easy,” said Susannah Streeter, analyst at Hargreaves Lansdown, signaling the determination of the Chinese administration not to go back to Donald Trump’s pricing policy.
The impact of customs duties is already felt in the growth of exports of China, which was the lowest recorded in three months in May.
Investors also choose wait -and -seeing before a week full of first -class macroeconomic indicators, including American consumer prices on Wednesday, which will be closely monitored against the background of fears concerning the impact of commercial turbulence. The values ​​to follow at Wall Street
Values ​​in Europe
At the values, the automaker Renault, who confirmed on Sunday that it had been contacted by the Ministry of the Armed Forces for a drone production, increased by 0.9%.
The L’Oréal cosmetics group, which announced on Monday that it has signed an agreement for the acquisition of majority participation in the capital of the British brand for medik8 skin care, takes 0.4%.
Elsewhere in Europe, Alphawave, which will be bought by the American group Qualcomm, leaps by 24%.
WPP fell 1.7% after the announcement of the end of the year of its managing director Mark Read.
Rate Rimes of sovereign bonds in the euro zone are decreasing, investors monitoring the evolution of discussions planned in London between senior American and Chinese officials.
The yield of the German Bund at ten years loses 2.7 base points at 2,5360%, while that of the two -year obligation yields 2.4 base points to 1.8510%.
In the United States, yields also retreat.
The yield of Treasuries at ten years lost 2.6 base points at 4.4837%. The two -year -old abandons 3.1 base points at 4.0117%for his part.
Changes
The dollar decreases 0.27% against a basket of reference currencies after the gains consecutive to the solid report on the US employment on Friday and while prudence prevails among the trade in the Sino-American negotiations in London.
The euro gains 0.24% at $ 1.1421, the markets continuing to digest recent announcements from the European Central Bank (ECB) which has suggested that it could be close to ending its monetary relaxation cycle.
The Sterling book was appreciated by 0.33% against the dollar and 0.09% against the euro, investors awaiting the British government spending plan during the week.
OIL
Crude prices are slightly increasing while investors will monitor discussions between Beijing and Washington in London, hoping for an agreement that could boost demand in black gold.
Brent gained 0.32% at 66.68 dollars per barrel and light American crude (West Texas Intermediate, WTI) advances from 0.33% to 64.79 dollars.
No major economic indicator at the agenda of June 9
(Some data may accuse a slight offset)
(Written by Diana Mandiá, edited by Blandine Hénault)
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