by Mara Vilcu

(Reuters) – European scholarships ended up on Tuesday, while investors are expecting details on American customs duties.

In Paris, the CAC 40 won 0.56% to 7,766.71 points. In Frankfurt, the Dax advanced by 0.50% and in London, the FTSE 100 rose 0.54%.

The Eurostoxx 50 index won 0.44%, the FTSEUROFirst 300 took 0.40%and the Stoxx 600 advanced by 0.33%.

On the commercial front, uncertainty persists. President Donald Trump unveils the letters sent to the various countries of the world to notify them the rate of customs duties imposed by the United States on imports.

The White House tenant has already sent 14 letters fixing customs duties to imports to the United States, ranging from 36% for Thailand or Cambodia to 25% for Japan and South Korea. Each country is waiting to know his fate while Donald Trump pushed into force on August 1, “if they do not agree by then”.

This decision opened a negotiation window, an opportunity for savings to find favorable conditions in order to mitigate the impact of these high taxes.

“Trump has relaunched his threat (…) But once again, he made a new concession and postponed the deadline. This amounts to recognizing that he wishes to conclude these trade agreements. It is in his interest as in that of all,” said Daniela Hathorn, senior market analyst at Capital.com.

As for the European Union (EU), it should not receive such a letter, sources at the fact of the file, and envisages possible exemptions from universal customs duties on Monday imposed by the United States on Monday.

According to Marc Ferracci, the French Minister of Industry and Energy, the evolution of trade policy remains “quite uncertain” given the reversals of the American president Donald Trump on customs duties and the EU must establish a form of power relationship.

On Tuesday, the American president said that so -called “reciprocal” customs taxes will come into force on August 1 and that there would be no new postponement, after saying the previous evening that this date was “not 100%firm”.

VALUES

European wines and spirits producers progressed on Tuesday on Tuesday, after information from the Italian daily newspaper IL MESSAGGERO according to which the sector could be exempt from customs rights within the framework of commercial negotiations between the European Union and the United States.

Pernod Ricard and Rémy Cointreau took 3.20% and 4.24% respectively.

Diageo advanced 2.05%.

A Wall Street

At the time of the fence in Europe, the Dow Jones lost 0.10%, the Standard & Poor’s 500 wins 0.06%and the Nasdaq Composite advances by 0.09%.

The indicators of the day

France’s trade deficit was 7.8 billion at the end of May, show the data published Tuesday by the French Customs Office.

German exports fell more than expected in May compared to the previous month and fell 1.4%, according to data from the Federal Statistics Office published on Tuesday.

Changes

The dollar is in small increase Tuesday after dropping slightly earlier in the day against the backdrop of uncertainties concerning American trade policy.

The dollar earns 0.18% against a basket of reference currencies.

The euro lost 0.01% to 1.1706 dollars.

RATE

American yields are rather stable on Tuesday.

The yield of Treasuries at ten years advances from 2.6 base points to 4.4211%. The two years takes 0.8 base points at 3.9113%.

The yield of the German Bund at ten years is advancing from 3.6 base points to 2,6430%. The two years earned 2.6 base points at 1.8670%.

OIL

Oil prices are in small increases on Friday after dropping earlier during the day when investors assess the consequences of customs duties actually established by the United States and after the higher increase in the production of production decided by OPEC+ for August.

Brent advances 0.62% to $ 70.01 a barrel and the American light crude (West Texas Intermediate, WTI) takes 0.41% at 68.20 dollars.

(Written by Mara Vîlcu, edited by Kate Entringer)

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