by Mara Vilcu

(Reuters) – European scholarships finished in dispersed order on Tuesday, while trade negotiations between the United States and China continue for a second day in London.

In Paris, the CAC 40 won 0.17% at 7,804.33 points. In Frankfurt, the Dax lost 0.58% and in London, the FTSE 100 rose 0.24%.

The Eurostoxx 50 index won 0.02%, the FTSEURofirst 300 lost 0.06%and the Stoxx 600 won 0.08%.

High representatives of the United States and China gathered in London for commercial negotiations are continuing their discussions for a second consecutive day in the British capital, in an attempt to defuse a commercial conflict with considerable issues.

The American secretary of trade, Howard Lunick, said on Tuesday that commercial negotiations with China were going well. “They (discussions) go well and we spend a lot of time together,” he said.

Alongside Howard Lunick, negotiations are led by the American secretary to the Treasury, Scott Bessent, and the American representative on trade, Jamieson Greer, while the Chinese contingent is led by He Lifeng, the Deputy Prime Minister.

“While market players clearly have an optimistic vision of perspectives, both in terms of commercial policy and more generally, we do not think that this must be interpreted as a certainty that customs duties will be completely removed,” said Jonas Goltermann, deputy chief economist in charge of markets at Capital Economics.

In addition, the World Bank reduced its forecasting forecast for global growth on Tuesday by 0.4 percentage points for 2025, to 2.3%, believing that the increase in customs duties and growing uncertainty constitute a “significant brake” for almost all economies.

VALUES

Bellway advanced 7.85% after noting its volume production forecasts for the whole year, supported by larger spring sales and stronger demand from customers.

Rheinmetall abandoned 5.80%, Renk 11.74%and Hensoldt 6.11%.

UBS lost 4.84%, investors fearing the impact of new government’s proposals aimed at obliging the Swiss bank to hold $ 26 billion in additional capital, in particular on its shareholder returns projects.

A Wall Street

At the end of the fence in Europe, the Dow Jones advances by 0.04%, the Standard & Poor’s 500 of 0.23%and the Nasdaq Composite of 0.24%.

The indicators of the day

The morale of investors in the euro zone shows signs of recovery in June, especially in Germany, the first economy of the block, where it has reached its highest level since March 2022.

Changes

The US dollar is up slightly on Tuesday, it earns 0.15% against a basket of reference currencies.

The euro lost 0.02% to 1.1418 dollars.

RATE

The yield of Treasuries at ten years loses 1.0 base points at 4.4738%. The two years earns 0.3 base points at 4.0056%.

The yield of the German Bund at ten years fell from 3.8 base points to 2,5320%. The two -year -old loses 2.2 base points at 1,8550%.

OIL

Oil prices are growing on Tuesday, supported by commercial negotiations between the United States and China and a drop in Saudi gross deliveries to China.

Brent advances 1.22% to 67.86 dollars per barrel and light American crude (West Texas Intermediate, WTI) takes 1.32% at 66.15 dollars.

(Written by Mara Vîlcu, edited by Kate Entringer)

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