by Diana Mandia

(Reuters) – European scholarships ended up on Monday, helped by the decline in oil prices, while investors observe with concern the Israeli -Iranian conflict, which adds additional uncertainty to a week rich in central banks.

In Paris, CAC 40 won 0.75% to 7,742.24 points. In Frankfurt, the Dax took 0.75% and in London, the FTSE 100 advanced by 0.28%.

The Eurostoxx 50 index ended up on an increase of 0.89%, the FTSEUROFRST 300 granted 0.36%and the Stoxx 600 increased by 0.38%.

The decline in oil prices has enabled European scholarships to recover part of the losses suffered on Friday due to military climbing in the Middle East, even if investors remain attentive to the possible repercussions of a major conflict in a key region for gross supply.

Three days after the outbreak of Israel’s vast offensive against Iran, and although the conflict between the two countries shows no trace of appeasement at the moment, there is also no sign of panic among investors, and the currency and obligations have also remained calm.

Two Iranian sources and three regional sources said on Monday in Reuters that Iran had asked Qatar, Saudi Arabia and Oman to intervene with American President Donald Trump so that he uses his influence from Israel in order to obtain an immediate cease-fire.

This information, advanced by the Wall Street Journal, amplified the decline in oil prices towards the end of the session.

“Our basic hypothesis is that current climbing could last a few weeks, but that it should remain contained and not extend to a wider conflict,” said Mohit Kumar, chief economist for Europe at Jefferies.

The possible impact on the inflation of the situation in the Middle East, as well as the numerous unresolved interrogations concerning American trade policy, will undoubtedly be at the heart of the numerous monetary policy meetings scheduled for the coming days, starting with the Bank of Japan (BOJ) this Monday, followed by the Federal Reserve (Fed), the Swiss National Bank (BNS) and the Bank of England (Boe) The week.

The German daily Handelsblatt reported on Monday that Brussels negotiators hoped that by offering in the United States to accept a customs right of 10% on all European Union exports (EU), they could avoid the establishment of higher surcharge on products such as cars, drugs and electronics, information reported as “speculative” by the European Commission, which not the current state of discussions.

VALUES

In Paris, Renault fell 8.6% on Monday 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”.

He will join the luxury giant Kering as managing director on September 15, a appointment that the group confirmed on Monday just after the fence of the stock markets. The Kering action flew by 11.7%.

In London, Entain, owner of the Paris Ladbrokes company, increased by 15.2%, its American joint venture with MGM Resorts having revised upwards its forecasts for turnover and profit for the year.

The European values ​​in the travel sector straightened on Monday (+3.3%) after being abused on Friday by tensions in the Middle East.

A Wall Street

At the time of the fence in Europe, the Dow Jones takes 0.91%, the Standard & Poor’s 500 advances by 1.05%and the composite Nasdaq increased by 1.49%.

Us Steel took 5.1% after the White House approved the purchase offer of Nippon Steel, a project that had encountered strong opposition in the United States and was a major subject in the 2024 presidential campaign.

The indicators of the day

Manufacturing activity in the New York region has dropped unexpectedly in June, going to -16.0 this month after -9.2 in May, showed the monthly investigation of the regional antenna of the Federal Reserve published on Monday.

Changes

The dollar, which appreciated Friday compared to the main currencies in a context of increasing geopolitical tensions, lost 0.27% on Monday against a basket of reference currencies, while the euro advances from 0.28% to 1.1584 dollar.

RATE

The yields of the state bonds of the euro zone fell slightly on Monday, the decline in oil prices having attenuated inflation fears before the Fed meeting later in the week.

The yield of the German Bund at ten years fell 0.8 base points to 2,5280%. The two -year -old lost 1.2 base points at 1,8450%.

The market is stable in the United States, where yields of the US Treasury bonds at 10 years is 4.4205%, almost unchanged. The two years fell from 0.6 base points to 3.9517%.

OIL

Oil prices retreat after an increase of 7% on Friday. Prices amplified their decline after the WSJ reported that Iran reported that they wanted to end hostilities and resume negotiations on its nuclear program.

Brent loses 3.45% at $ 71.67 a barrel and the American light crude (West Texas Intermediate, WTI) cedes $ 7.44%.

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Blandine Hénault)

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