by Diana Mandia
(Reuters)-Wall Street is expected to rise and European scholarships are progressing mid-session on Monday after losses recorded last week due to geopolitical tensions in the Middle East and persistent uncertainty on the commercial front. Futures in New York indices report an opening of Wall Street up 0.35% for Dow Jones, 0.49% for Standard & Poor’s-500 and 0.59% for NASDAQ.
In Paris, the CAC 40 earns 0.80% at 7,746.53 points around 10:52 GMT. In Frankfurt, the Dax advances 0.39% and in London, the FTSE 100 takes 0.52%.
The Eurostoxx 50 index is up 0.53%, the FTSEURofirst 300 increased by 0.39%and the Stoxx 600 wins 0.40%.
European scholarships are recovering slightly after a difficult week marked by increasing geopolitical tensions in the Middle East and doubts about the progress of the White House trade negotiations with its main partners.
“Today, it is simply a rebound after a few difficult days,” warns Jacob Pederson, analyst at Sydbank.
The feeling is indeed mixed, the conflict between Israel and Iran showing no sign of appeasement for the moment: Iranian missiles have struck Tel Aviv and the port city of Haifa on Monday, in the last series of attacks between the two enemy countries which began last week with unprecedented strikes of the Hebrew State against the territory of the Islamic Republic.
This armed confrontation, which threatens the already very precarious balance of the Middle East and has increased oil prices on Friday, is a new source of concern for the markets, which were already struggling with the reversals of the United States’s trade policy.
The commercial break concluded between the United States and China after negotiations in London last week has not brought a lot of clarification on the way in which long-standing commercial disputes between the two countries could be resolved.
Regarding negotiations with the EU, the German daily Handelsblatt reports on Monday that Brussels is willing to accept American customs duties of 10% under certain conditions, including any other increase in surcharge on cars.
The impact of American trade policy will undoubtedly hover over the many monetary policy meetings scheduled for the coming days, starting with that of the Banque du Japan (BOJ) on Monday, followed by those of the Federal Reserve (Fed), the Swiss National Bank (BNS) and the Bank of England (BOE), among others, later in the week.
The values ​​to follow at Wall Street
Us Steel takes 5% in a forefoot after the White House approved the offer of purchase of Japanese Steel, a project which had come up against a strong opposition in the United States and was a major subject in the presidential campaign of 2024.
Values ​​in Europe In Paris, Renault fell back on Monday by almost 7% after announcing that its managing director Luca de Meo was going to leave the group in the diamond as of July 15 to fall under “new challenges”.
According to Le Figaro, he would join the Luxury Kering giant whose action climbs by 9%.
In London, Entain, owner of the Paris Ladbrokes company, advances more than 12%, its American joint venture with MGM Resorts having revised upwards its forecasts for turnover and profit for the year.
Rate of the yields of state bonds in the euro zone are rather stable on Monday, even if investors are attentive to the possible inflationary impact of the rise in oil prices in the context of tensions in the Middle East.
The yield of the German Bund at ten years grabbed 0.7 base points to 2.5440%. The two years remains stable at 1.8580%.
The trend is similar in the United States before the Fed meeting scheduled for this week: the yield of Treasuries at ten years is 4.4284%. The two -year -old grabbed near a basic point at 3.9665%.
Changes The Dollar, which appreciated Friday compared to the main currencies in a context of increasing geopolitical tensions, lost 0.26% on Monday against a basket of reference currencies, while the euro advances from 0.25% to 1.1581 dollar.
OIL
Oil prices retreat on Monday after the 7% leap recorded on Friday under the effect of the attack on Israel against Iran.
Brent sold 0.81% to $ 73.63 per barrel and American light crude (West Texas Intermediate, WTI) lost 0.88% to $ 72.34.
(Some data may accuse a slight offset)
(Written by Diana Mandiá)
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