by Diana Mandia
(Reuters) – European scholarships finished down Thursday, growing tensions concerning Iranian nuclear power and concerns about the fragility of the commercial break between Washington and Beijing having pushed investors to take refuge in safe values.
In Paris, CAC 40 lost 0.14% to 7,765.11 points. In Frankfurt, the Dax fell 0.71%.
In London, the FTSE 100, supported by energy -related values, took 0.23%.
The Eurostoxx 50 index abandoned 0.58%, the FTSEUROFIRST 300 0.28%and the Stoxx 600 0.31%.
Risk aversion weighed on stocks Thursday, investors taking refuge in values ​​such as obligations, the Swiss franc and gold, in a context of increased geopolitical tensions in the Middle East.
The International Atomic Energy Agency (AIEA) said Thursday that Iran did not comply with its nuclear non-proliferation obligations, and Tehran quickly reacted by announcing the launch of a new uranium enrichment site, which feeds doubts about the new series of discussions between American and Iranian officials scheduled for Oman on Sunday.
Donald Trump has repeatedly threatened to bomb Iran if negotiations on the Iranian nuclear program were to fail. The Iranian Minister of Defense, Aziz Nasirzadeh, warned that Tehran would hit American bases in the Middle East if the discussions failed and that Washington decided to bomb Iran.
Proof of the rise in tensions, the American administration is preparing a partial evacuation of its embassy in Iraq and will authorize the families of the US military personnel deployed in the Middle East to leave the region due to increased security risks.
In addition to the fears of climbing in the Middle East, concerns persist concerning the trade policy of the United States, while the announcement of a framework agreement with China did not convince and that the deadline of July 8 to complete negotiations with the partners of Washington is approaching. The American president promised Washington’s conditions in two weeks to send letters in two weeks.
VALUES
In Paris, Totalenergies took 2.2%, at the top of the CAC 40, with the recent outbreak of oil prices.
Voyage values ​​suffered from the return of geopolitical fears, abandoning 2.2%. The airline Air France-KLM lost 7.2% and Lufthansa 3.7%.
BE Semiconductor Industries (BESI) took its share 3.6% after having raised its long -term financial objectives on the occasion of its investor day.
Tesco won 1.6%, the British distributor having announced a resumption of the growth of its underlying sales in the first quarter and a gain in market share on its competitors.
A Wall Street
At the time of the fence in Europe, the Dow Jones fell by 0.10%, after having opened in the red due to the tensions in the Near East, the Standard & Poor’s 500 advances by 0.13%and the Nasdaq Composite of 0.06%, investors having integrated the lower than expected rebound of prices in production in the United States.
Boeing plunges 5% after a Boeing 787-8 Dreamliner Air India plane with 242 people on board crashed Thursday shortly after takeoff near Ahmedabad airport, metropolis in northwestern India.
The indicators of the day
In the United Kingdom, investors learned on Thursday that the British economy had taken up strongly in April, by 0.3%, the worst monthly rhythm since October 2023, with the shock wave caused by American customs duties.
In the United States, production prices (PPI) has rebounded less than expected in May from one month to the next, which soothes fears concerning the impact of surcharge on inflation and encourages anticipations that the Fed could soon resume its rate reductions.
The number of unemployed registrations also remained stable in the United States during the week to June 7 at 248,000, while economists were waiting for a drop to 240,000.
Changes
The dollar suffered Thursday, inflation data and production prices in the United States suggesting that the Federal Reserve (Fed) could resume its rate reductions earlier than expected, while the Yen and the Swiss franc, considered as refuge values, benefited from increasing tensions in the Near East.
The greenback decreases 0.63% against a basket of reference currencies at the time of the closing of European scholarships, after falling at its lowest level since April 2022 earlier in session.
“The data is considered to be potentially opening the window so that the FED reduces its rates a little earlier or a little more,” said Vassili Serebriakov, analyst at UBS.
The euro, which has reached its highest level since October 2021, earns 0.74% at 1.1572 dollars.
RATE
Bond yields fell into the euro area on Thursday, traders assessing the impact of the latest American data and tensions in the Middle East.
The yield of the German Bund at ten years ended on a drop of 6 base points to 2,4770%. The two -year -old lost 3.8 base points at 1.8120%.
The yields of the US Treasury bonds are on the way to knowing a fourth consecutive day of decline.
The yield of Treasuries at ten years loses approximately 4 base points at 4.3730%, just like that of its counterpart at two years, which stands at 3.9015%.
OIL
Oil prices fall on Thursday after progressing sharply the day before.
However, they reduced their losses during the session.
Brent loses 0; 3% to 69.56 dollars per barrel and the American light crude (West Texas Intermediate, WTI) fell 0.07% to 68.10 dollars.
(Written by Diana Mandiá)
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I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
