PARIS (Reuters) – The main European scholarships are expected in dispersed order on Monday at the opening of many unknowns remain on the trade policy of the United States.
According to the first indications available, the Parisian CAC 40 could gain 0.04% at the opening.
The term contracts report an increase of 0.21% for the Dax in Frankfurt, against a drop of 0.16% for the FTSE in London and a gain of 0.11% for the Stoxx 600.
The uncertainties surrounding the trade policy of the United States continues to grow as the end of the customs break granted by Donald Trump.
The American president had paused the so -called “reciprocal” customs duties which he had decreed for 90 days, giving on July 9 as a deadline.
Since then, the United States has signed little agreements, especially with the United Kingdom, Vietnam and China, and the American president’s erratic statements give little visibility.
On Sunday, the American secretary of the Treasury Scott Bessent said that the United States was about to conclude several trade agreements before July 9 and that Donald Trump was going to send letters Monday to certain business partners to tell them that, if things do not advance, they will return on August 1 in terms of customs duties on April 2.
“I hear good things about negotiations with Europe,” Stephen Miran, president of the White House Council of Economic Advisers, told a television channel.
In a message published on his Truth Social network, Donald Trump then said that the United States would begin to send these letters on Monday from 4:00 p.m. GMT.
Pending new elements on the commercial front, the markets will scrutinize some indicators in Europe, including retail sales of the euro zone.
German industrial production for the month of May surprised upwards, according to figures published on Monday.
A Wall Street
Wall Street was closed on Friday for independence Day after hit records on Thursday.
In Asia
The Tokyo Stock Exchange lost 0.60%, investors assess the future consequences of the end of the break of customs policy in the United States.
In China, US trade policies are also wearing feeling while awaiting new inflation data.
The Hong Kong Hang Seng index declines 0.13%, the SSE Composite of Shanghai is reinforced by 0.03%, the CSI 300 decreases by 0.33%.
RATE
German yields are down slightly.
The ten -year -old Treasury yield declines from 1.4 pb to 4.326%, while the two -year title yield abandons 2.5 pb to 3.8572%.
The yield of the German ten years fell 1 bp to 2.556%, that of the rate at two years lost 1.1 pb to 1.805%.
Changes
The dollar is down on Monday and approaches its lowest level against the euro since 2021 as the end of the break established by Donald Trump on customs duties is emerging.
The dollar fell 0.09% against a basket of reference currencies, the euro crosses 0.13% to 1.1763 dollars, and the pound sterling lost 0.26% to 1.3616 dollars.
In Asia, the yen gained 0.37% to 145.08 yen for a dollar, the Australian dollar yields 0.69% to $ 0.6505.
OIL
Oil prices are down on Monday between OPEC+ decision to increase its production more than expected in August and fears weighing on global demand with trade tensions.
The Brent fell 0.44% to 68 dollars per barrel, the light American crude (West Texas Intermediate, WTI) weakens 1.09% to 66.27 dollars.
(Written by Bertrand de Meyer, edited by Kate Entringer)
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