PARIS (Reuters) – European scholarships finished in dispersed order Thursday in the hope of rather satisfactory negotiations on the commercial front with the United States.
In Paris, the CAC 40 increased by 0.32% to 7903.55 points, while the German Dax fell 0.31% and the British footsia has increased by 1.24%.
The Eurostoxx 50 index finished the session with a drop of 0.1%, while the FTSEUROFirst 300 scored a gain of 0.52%and that the Stoxx 600 took 0.55%.
Investors are optimizing advances in trade negotiations between the European Union and the United States.
The president of the European Commission, Ursula von der Leyen, said that the EU worked “tirelessly” to achieve an advantageous trade agreement while the European Commerce Commissioner, Maros Sefcovic, spoke on Wednesday satisfactory progress around an agreement that could be concluded in the coming days.
Across the Atlantic, weekly unemployed registrations have been downwards but did not change the reductions in drops in the American Federal Reserve (Fed).
“Data on unemployed unemployment registrations were not worrying in this morning report, always indicating a low -rotation labor market with little layoffs, but also few hires,” said Citi analysts in a note.
The markets are still betting on two rate drops before the end of the year after the publication of the latest “minutes” of the FED according to which a majority of officials said that rate reductions would be appropriate by the end of the year, but only a minority in July.
VALUES
Barry Callebaut lost 13.54% after the publication of his quarterly results.
The European mining sector has rebounded and took 3.44% after the US customs rights of the US president of 50% on copper imports in the United States on August 1 Wednesday.
Rio Tinto and Anglo American increased by more than 4.1% after their fall on Wednesday while Eramet signed the best performance of the SBF 120 with a gain of 6.4%.
Mercedes-Benz, Porsche and Volkswagen have gained more than 1.5% while sources mention negotiations to protect the European automotive industry from American customs duties.
In France, Icade recorded the highest drop in SBF 120, abandoning 1.5%, after a change in recommendation from Goldman Sachs.
A Wall Street
Evolution Wall Street at market closing in Europe
WK Kellogg KLG.N takes 30% after a source told Reuters that Ferrero could finalize the repurchase of the cereal manufacturer this week on the basis of a valuation approaching $ 3 billion.
The indicators of the day
German inflation slowed down to 2.0% over a year in June, in accordance with the preliminary data and the consensus of analysts, showed the final data of the Federal Statistics Office published Thursday.
Unemployed registrations decreased in the United States during the week to July 5, to 227,000 against 232,000 (revised) the previous week, the Department of Labor announced on Thursday. Economists awaited an average of 235,000 unemployment registrations.
Changes
The dollar is up Thursday after the markets digested the last salvo of customs duties imposed by the American president.
The dollar gained 0.17% against a basket of reference currencies, the euro crosses 0.36% to 1.1677 dollars, and the pound sterling loses 0.21% to 1.3558 dollars.
RATE
American rates are slightly increased following the publication of unemployed weekly registrations.
The yield of the German ten years took 0.1 bp to 2.663%, that of the rate at two years gained 0.2 pb to 1.892%.
The yield of Treasury at ten years old takes 2.6 bp at 4.3676%, while the two -year title yield increased from 2 pb to 3.8825%.
OIL
Oil prices are down sharply on Thursday, investors assessing the possible consequences of American customs duties on global growth and black gold demand.
Brent fell 1.6% to 69.07 a barrel, the American light crude (West Texas Intermediate, WTI) weakens 1.86% to $ 67.11.
To be continued Friday July 11:
The situation on the markets
(Some data may accuse a slight offset)
(Written by Bertrand de Meyer, edited by Augustin Turpin)
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