by Mara Vilcu

(Reuters) – European scholarships ended up on Wednesday, while investors are still awaiting more details on American customs duties.

In Paris, CAC 40 won 1.44% at 7,878.46 points. In Frankfurt, the Dax advanced 1.30% and London, the FTSE 100 rose 0.15%.

The Eurostoxx 50 index won 1.31%, the FTSEURofirst 300 took 0.80%and the Stoxx 600 advanced by 0.73%.

Uncertainty is still present on the commercial front. President Donald Trump announced on social networks new announcements on Wednesday concerning “a minimum of 7 countries related to trade”, without specifying if they are agreements, or letters notifying customs duties for the countries concerned.

The tenant of the White House also formalized Tuesday the establishment of customs duties of 50% on imports of copper in the United States, a measure which should take effect in late July or early August. In addition, he threatened to set up customs duties in the order of 200% on imports of drugs in the United States, explaining that he would leave companies for a year to “take charge”.

“Market volatility is likely to increase, but the latest developments are not climbing in the trade war,” according to UBS analysts.

At European level, negotiations with the Trump administration continue. “We remain faithful to our principles, we defend our interests, we continue to work in good faith and we are preparing for all scenarios,” said the president of the European Commission on Wednesday, Ursula von der Leyen, before the European Parliament.

Even if the EU could be about to conclude a trade agreement with the United States, the twenty-seven struggles to obtain immediate reduction in customs duties, as well as a commitment not to be introduced, according to a declaration made Wednesday by the President of the International Trade Committee of the European Parliament.

VALUES

The European pharmaceutical sector fell on the stock market after new threats from Donald Trump against medication imports in the United States.

The Danes Zealand Pharma, Novo Nordisk and H Lundbeck lost between 1.53% and 3.78%. The Swiss Novartis sold 0.16%.

Essilorluxottica took 5.64% after Meta Platforms acquired around 3% of the company’s capital.

A Wall Street

At the time of the fence in Europe, the Dow Jones earns 0.11%, the Standard & Poor’s 500 0.23%and the Nasdaq Composite 0.46%.

Changes

The dollar oscillates on Wednesday almost a two -week record against the Yen, the American president Donald Trump having promised new trade measures after announcing customs duties of 25% on Japan and other business partners.

The greenback takes 0.09% against a basket of reference currencies while the euro yields 0.15% to 1.1707 dollars.

RATE

American yields fell on Wednesday, the ten -year -old Treasuries back from 4.1 base points to 4.3755% and the two years of 3.8741% 3.8741%.

The German Bund at ten years abandoned 1.1 basic point at 2,6330% and the two years 0.9 basic point at 1.8580%.

OIL

Oil prices are increasing on Wednesday, with attacks in the Red Sea, concerns related to customs duties on copper and forecasts for a drop in American oil production.

The Brent advances 0.14% to $ 70.25 per barrel and light American crude (West Texas Intermediate, WTI) takes 0.2% at 68.47 dollars.

To be continued on July 10:

(Some data may accuse a slight offset)

(Written by Mara Vîlcu, edited by Augustin Turpin)

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